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This plunge in US stocks may mark the beginning of AI going from dreaming big to paying its debts.
Tonight’s sell-off in US stocks saw the Nasdaq fall nearly 6% at one point, with many individual stocks plunging by double digits. It really felt like the sky was falling.
The trigger, without a doubt, was the sudden amplification by the market of political opposition to data center construction after the US midterm elections.
People used to think that as long as giants like Microsoft, Google, and Amazon were willing to spend, the US could keep building data centers, buying GPUs, and constructing
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NAS100-0.07%
MSFT-2.62%
AMZN-1.72%
CRWV-11.82%
ORCL-6.95%
Even if Democrats win both chambers of Congress, they still can’t crush U.S. AI with one stomp! Trump still has two trump cards!
Although Democrats have taken control of both the House and Senate, over the next two years it will be nearly impossible for them to ban AI outright or force through sweeping AI regulations that Republicans strongly oppose.
Why? The U.S. system gives the president and the minority party two important lines of defense:
1. The Senate’s 60-vote threshold: Although Democrats control the Senate, major legislation typically needs 60 votes to end debate. Without support fro
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Trenches
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21X, Europe's first fully regulated DLT trading and settlement venue, hit 10,000 order matches per second on LayerZero's Zero in a US stock token pilot.
That is up to 45x the EVM baseline, with no offchain matching.
@LayerZero_Core
ZRO-2.59%
$1 trillion in market capitalization evaporated as soon as the stock market opened
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USD1 market update
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LIVE2,442
#nokia It was a beauty; we drew it and tossed it. It had hit $15
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NOK-8.90%
2026.11.6
Daily chart entry point: 2251
Resistance levels above: 2286-2296-2310-2320-2343-2353-2376
Support levels below: 2240-2236-2226-2214-2200
2196-2184-2175-2164-2150-2130
At all support and resistance levels, stop out on the first break; if the level holds, catch the rebound. If it breaks again, follow the trend.
If price holds above 2346-2376, favor buying dips; otherwise, favor selling rallies.
If price holds at the middle levels: 2286-2236-2226-2175, favor buying dips. Chase shorts on a breakdown.
If 2214-2130 holds, favor buying dips; chase shorts on a breakdown.
Personal opinion, fo
ETH-1.23%
$BTC has swept the downside liquidity around $75K.
Now the bigger liquidity pools sit above, with shorts stacked between $82K and $86K.
The next major liquidity target is higher.
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BTC-0.65%
Post election Gold starting to show some life. The fear trade might be back.
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XAU+0.38%
Juicy $ETH short ✅
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ETH-1.23%
New short on $jst
Sl: $0.14076
Tp: $0.135 area
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A mysterious prophecy from the East
A line spoken by Niu Lai’s mom in the movie *Niu Lai*:
“Semiconductors? Even dogs won’t touch them.”
Friends in America, have you learned your lesson?
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🔹Chip Stocks Are Falling, but Demand Hasnt Weakened? With Democratic Regulatory Expectations Shakin
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LIVE1,555
🛡️ Gate Introduces PoSEC — Going Beyond Proof of Reserves

Having sufficient reserves matters. But how those assets are stored matters too.

Gate has introduced Proof of Security (PoSEC), a new framework bringing greater transparency to asset custody and risk coverage.

📊 104.58% cold storage coverage ratio
🔐 88.26% of stored assets held in cold storage
✅ Independent third-party verification underway

From PoR to PoSEC, Gate is taking another step toward more transparent and verifiable asset protection.

💬 Beyond reserve ratios, what security data should exchanges disclose?

Share your tho
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Gate_Square
🛡️ Gate Introduces PoSEC — Going Beyond Proof of Reserves

Having sufficient reserves matters. But how those assets are stored matters too.

Gate has introduced Proof of Security (PoSEC), a new framework bringing greater transparency to asset custody and risk coverage.

📊 104.58% cold storage coverage ratio
🔐 88.26% of stored assets held in cold storage
✅ Independent third-party verification underway

From PoR to PoSEC, Gate is taking another step toward more transparent and verifiable asset protection.

💬 Beyond reserve ratios, what security data should exchanges disclose?

Share your thoughts on Gate Square with #GateLaunchesPoSECProofOfSecurity .

🔎 Explore Gate PoSEC:
https://www.gate.com/proof-of-security
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The U.S. stock market is in free fall. AI stocks, led by semiconductors, occupy several of the top spots among the biggest losers, while their bearish derivatives top the list.
The market has dragged crypto down with it, and IV is rising across the board. The impact of the midterm elections is growing. Remember, 312 happened when the pandemic black swan hit during Trump’s first term. Now his second term has reached another crossroads, so buying some put options is a no-lose proposition. (I’ve been saying to buy puts for the past two months)
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What a fierce door! I went out to have fun and missed it completely. Sigh, 😑
🚨 BTC is still crashing!
Bitcoin drops to $75,568, down nearly 6% in 24 hours.
Selling pressure is accelerating with massive red candles.
Will $75K hold, or are we heading lower? $BTC
BTC-0.67%
GM, back to the old pfp
Nobody recognised me with the new W pfp and my engagement dropped
I want peak engagement so I am back as a dog
#NewProfilePic
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Bearish! Go short! Chase the shorts! A Bitcoin swing trade has delivered 5,000 points of room in a single day! Short gold near 4130, targeting 4066! There’s still over 50 points of room here—plenty for a short-term trade! Bottom-fishing is out of the question! Wait for the black swan’s big wick to arrive before buying the dip!
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BTC-0.67%
GLDX-0.40%
PAXG+0.37%
XAU+0.38%
  • 2
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Beyond Proof of Reserves, Gate has introduced PoSEC, a new Proof of Security framework focused on how user assets are stored and protected. By disclosing the distribution of assets across cold storage and hot wallets, users can directly understand Gate’s storage structure and risk coverage under extreme scenarios. Gate’s latest cold storage coverage ratio stands at 104.58%, meaning cold-storage assets alone are sufficient to cover all user assets. PoR verifies whether reserves are sufficient, while PoSEC shows how assets are stored and how risks are covered — together forming a more complete asset security framework. Share your results and experience! [👉 Learn more](https://gate.com/proof-of-security)

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