US Stock Futures Dive Further

According to BIT (bit.com) market data, U.S. tech stocks rebounded on Monday: the Nasdaq 100 index rose 1.2%, the S&P 500 index closed up around 0.4%, while the Dow edged lower. The semiconductor index ended its eight-day losing streak, which had marked the longest consecutive decline since October 2008. On individual stocks, Amazon closed up 5%, SanDisk gained 5.5%, and SK Hynix rose nearly 5%. Buy orders in the AI and chip sectors were mainly concentrated among the Magnificent Seven tech giants, but some stocks failed to hold their gains. CoreWeave, after being upgraded to a Buy rating by Goldman Sachs, rallied over 7% at one point, then gave back its gains, ultimately closing down around 0.4% near last Friday’s low. The spread on its 2032-maturity bonds remains hovering around 1000 basis points; credit spreads in the data center sector continue to widen, with spreads for hyperscale cloud computing-related debt hitting a record high. Goldman Sachs’ trading desk noted that the overall market remained in a wait-and-see state that day, with trading activity at only 3 out of 10 points. Long-term funds favored buying in consumer, macro product, and financial sectors, while hedge funds were net sellers, with sales concentrated in consumer, materials, and tech, media and telecom sectors. The S&P 500 reclaimed its 50-day moving average but failed to make a valid upward breakout. In the oil market, Middle East tensions drove U.S. crude to rise for the eighth consecutive day. Iran said it had “no choice” but to assert control over the Strait of Hormuz. The November WTI contract rose around 2.3% to close at $103.78, and the December Brent contract broke above $110. The rise in oil prices, combined with the roughly $25 billion in investment-grade new bond issuance expected this week, pushed the 10-year U.S. Treasury yield up by 5 to 7 basis points to 5.14%.

NVIDIA (NVDA) announced that using 8192 GPUs from Germany’s JUPITER supercomputer, it has successfully simulated a fault-tolerant quantum computing system with 104 qubits and verified a technique called "magic state distillation". NVIDIA noted that this technology could reduce the number of physical qubits required for fault-tolerant quantum computing by around 90%, and the simulation also cut the computation time from weeks to just days. This advance will help researchers test and optimize quantum computer designs earlier, but there are still technical challenges before practical application.

According to BIT (bit.com) market data, U.S. stocks closed on Monday: the Dow Jones Industrial Average dipped 0.07%, the S&P 500 gained 0.41%, and the Nasdaq rose 1.11%. All storage sector stocks advanced, with Western Digital (WDC) up 6.09%, SanDisk (SNDK) rising 5.53%, SK Hynix (SKHY) gaining 4.67%, Seagate Technology (STX) up 3.41%, and Micron Technology (MU) rising 2.97%. Most Neocloud sector stocks rose, including Applied Digital (APLD) up 6.65%, TeraWulf (WULF) gaining 3.25%, Nebius (NBIS) rising 2.88%, IREN up 2.74%, and Core Scientific (CORZ) gaining 1.85%. All semiconductor sector stocks advanced, with Marvell Technology (MRVL) up 4.06%, Lam Research (LRCX) rising 3.13%, Intel (INTC) gaining 2.43%, TSMC (TSM) up 1.86%, and NVIDIA (NVDA) rising 1.38%. Most optical communication concept stocks moved higher, including Marvell Technology (MRVL) up 4.06%, Ciena (CIEN) rising 3.56%, Applied Optoelectronics (AAOI) gaining 3.48%, and Credo (CRDO) up 1.83%.

According to Onchain Lens monitoring, a crypto whale staked HYPE worth $10.95 million and incurred a $2.02 million loss over the past 30 days. The whale staked 139,050 HYPE (valued at $10.95 million) and delegated the assets to Infinitefield.xyz. The wallet also holds a 10x leveraged long position worth $202,250 involving CXMT, SKHX, and LYTE, with an unrealized loss of $36,540. The wallet’s total profit from perpetual contracts stands at $7.22 million, but it has suffered an overall $2.02 million loss in the past 30 days.

According to official announcements, Aster has launched pre-launch contract trading for PAPER (papertrade.xyz), supporting a maximum leverage of 3x.

Mastercard announced at the Money20/20 USA conference this Monday the official launch of its "Stablecoin Security" risk intelligence service. The service enables financial institutions to comprehensively evaluate risks of stablecoin payments before funds are recorded on-chain. Via an API interface, Mastercard will supply banks with risk scores for seamless integration into their existing fraud prevention and compliance systems. According to Mastercard, the service tracks fund sources throughout the entire lifecycle of stablecoin payments, screens for links to financial crime risks including fraud, scams, and sanctions violations, and conducts in-depth analysis of transaction context before delivering risk scores. Citing a Bank for International Settlements (BIS) study, Mastercard noted that among 593 million stablecoin transfer events observed in 2025, nearly 60% took place in complex multi-step transactions rather than simple peer-to-peer payments, underscoring the necessity of pre-transaction security assessments. Ann Johnson, Executive Vice President of Mastercard Security Solutions, stated: "Stablecoins are creating new possibilities for value exchange, but financial institutions need the right intelligence and controls to participate with confidence."