adjustment

Federal Reserve Chairman Paulson stated that gradual interest rate hikes provide time for the economy to adjust. CPI data shows that inflation remains a problem, and he supports the Federal Reserve's recent interest rate decisions.

Federal Reserve Governor Bowman stated that there is a significant risk of a correction in stock valuations.

According to Axios, White House Deputy Chief of Staff Richard Walters will leave the Trump administration. He is the first senior official to depart in a round of personnel adjustments expected as new White House Chief of Staff Stephen Miller prepares to take over the staff team. As a close confidant of outgoing White House Chief of Staff Susie Wiles, Walters' departure signifies that the power transition within the West Wing is underway.As Miller's team prepares to take on more significant roles, the internal personnel landscape of the White House will also change. Walters is one of Wiles' closest political aides, and their collaborative relationship has lasted over a decade. Sources indicate that Walters submitted his resignation on Friday, and after friendly negotiations between the two parties, it was decided that he would leave.

According to Jinshi Data, Trump announced in the past 24 hours that White House Deputy Chief of Staff Stephen Miller will take over as Chief of Staff on November 9, replacing Susie Wiles; Wiles will move to her political action team. Trump also stated that he plans to continue raising political funds to regain influence after the Republican midterm election losses.On the issue of Iran, Trump stated that he is communicating with Iran and mentioned that the U.S. has carried out a "small strike" against Iran, destroying a small air defense system. Two U.S. officials revealed that advisers informed them that the window for large-scale military action against Iran is shrinking again, suggesting action before the new Congress controlled by Democrats takes office in January next year.Trump also expressed his full support for "Super Intelligence" (SI). The U.S. Department of Energy stated that the White House technology task force meeting has been postponed, with members including Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg.

Binance announced that starting from November 6, 2026, at 14:00 Beijing time, there will be a dividend adjustment settlement for the USDⓈ margin SAMSUNGUSDT perpetual contract, with an adjustment amount of 1,001 Korean Won per share, equivalent to -0.037336%. The settlement is expected to last about 30 minutes.This adjustment applies to users who hold a net position in the contract on the ex-dividend date (September 29, 2026, at 07:00 Beijing time). Eligible users can select special funding fees in their transaction history to view the specific adjustment amount.The adjustment amount will be credited to or deducted from the user's U-based contract full margin account. Binance reminds users to assess the impact of the dividend adjustment in advance and manage their positions. During the settlement period, the contract funding rate intervals will remain unchanged, and there will be no early switch to a reduction-only mode.

On-chain data analysis platform CryptoQuant certified analyst CryptoZeno stated that the current market structure of Bitcoin shows that the cycle heat is cooling down, but there are no extreme signals commonly seen near significant historical turning points. The 30-day moving average of the Bitcoin Cycle Extremum Index has dropped to 15.8%, which is in the observation or mild pressure range.Currently, the BTC price has retraced about 46% from its previous historical high, but the index remains far below the levels that represent active or extreme phases. The Cycle Extremum Oscillation Indicator is also showing cautious signals, with its 30-day moving average close to the historical range bottom and significantly below the 1.0 threshold. In previous active market phases in early 2021 and during multiple periods from 2024 to 2025, this indicator had significantly increased, but no similar changes have been observed so far. CryptoZeno indicated that BTC is currently closer to an adjustment and low activity phase rather than a confirmed cycle bottom, and the low indicator readings do not mean that selling pressure has been exhausted. There may still be continued consolidation or even a new round of declines, and attention should be paid to whether the Cycle Extremum Index can continue to rise back to the active phase, as well as whether the oscillation indicator can recover simultaneously.

According to the official announcement from Bitget, due to the recent stock split of the underlying asset SanDisk (SNDK), the platform will execute automated processing on the SNDKUSDT contract on November 20, with a stock split ratio of 1 share split into 8 shares.Users do not need to take any action; profit and loss, position value, and margin will remain consistent with before the stock split. For specific product details, please refer to the official Bitget platform.

According to The Defiant, the floating borrowing rate curve for USDT in the Aave Ethereum market has been adjusted, and when liquidity in the pool tightens, borrowing costs will rise earlier.The interest on existing debt remains unchanged, and the new rate only affects the growth rate of the debt balance thereafter.

Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.

Dongfang Gangwan Fund Chairman Dan Bin is making a "major adjustment" in the technology sector. According to statistics from Private Equity Ranking Network, as of the end of the third quarter of 2026, Dongfang Gangwan's overseas fund held a total of 13 U.S. stock targets, with a total market value of approximately $1.469 billion.From the perspective of industry distribution, AI remains a key focus for Dongfang Gangwan. As of the end of the third quarter, Google was the largest holding in Dongfang Gangwan's overseas fund. However, in terms of buying and selling actions, Dan Bin's preference for sub-sectors within the AI industry has changed significantly compared to the second quarter.According to statistics, in the third quarter of this year, Dongfang Gangwan's overseas fund reduced its holdings in targets such as Advanced Micro Devices (AMD), Broadcom, and Lumentum, which were newly purchased in the second quarter, while increasing its positions in storage giant Micron Technology, SanDisk, as well as Nvidia, Google-C, and Taiwan Semiconductor Manufacturing Company.

Cryptocurrency analyst Darkfost stated that this round of deleveraging is driven by factors such as price declines, chain liquidations, and traders actively closing positions to reduce risk. Looking back at July this year, Ethereum also experienced a more severe contraction in open contracts, followed by stabilization and a rebound, with an increase of over 32%, and the price once breaking through 2800 USD. Deleveraging is part of the market adjustment process, and such phases are often accompanied by panic sentiment, which may also occur at the tail end of an adjustment.The overall performance of the altcoin market has been weak over the past three weeks, with Ethereum's price correcting by about 15%, and its market capitalization shrinking by approximately 54 billion USD. In the derivatives market, Binance's ETH open contract volume decreased by 1.3 billion USD in the past month, a decline of nearly 20%, dropping to 5.7 billion USD; the total amount of ETH open contracts across the network has fallen to 11.5 billion USD.

The Hyperliquid Policy Council (HPC) stated that it has submitted a comment letter to the U.S. SEC in support of its proposed Regulation Crypto Assets and suggested 5 adjustments to the final rules to further clarify the regulatory boundaries regarding token issuance, airdrops, secondary market trading, and safe harbors.

Federal Reserve Governor Barr stated that there is a need to recalibrate policy, and the basic situation may require further policy adjustments.

Famous trader Doctor Profit stated that he has increased his Bitcoin short position to 13 million dollars, expecting BTC to undergo a correction, with a target price of 79,000 dollars.He will decide the next steps based on price performance after Bitcoin reaches that level. He emphasized that this short position does not indicate a bearish outlook on the long-term trend. He believes the Bitcoin bear market has ended, and the current expectation is merely a phase adjustment within the bull market; after the correction ends, the Bitcoin bull market will continue.

Goldman Sachs stated that the renewed rise in expectations for Federal Reserve interest rate hikes may trigger traders to unwind their hedge positions, leading to a more severe adjustment in gold prices than usual.

Less than 24 hours remain until the new pricing for the DeepSeek V4 Flash series takes effect (September 10, 12:00 SGT). With upstream price adjustments imminent, B.AI has prepared an exclusive stacking benefit for global developers to ensure top-tier computing power remains within reach. This upcoming benefit aims to further reduce invocation costs and unleash greater productivity—whether for high-frequency API calls, Agent workflow construction, or large-scale production-level deployments, all can operate continuously and efficiently with a lower burden. Specific benefits will be announced soon, so please stay tuned to B.AI's official updates and don't miss this boost in computing power.

Jack Yi stated that Bitcoin has risen for five consecutive days since the upward trend began on August 17, and entered a correction phase on August 22, with a correction period of about 19 days. He believes that this phase is a normal upward adjustment in the bullish process, with a range width of about $6,000, and the upper resistance level around 823.He pointed out that a bull market does not rise in a straight line, and market conditions are constantly changing. It is not advisable to short during a bullish trend, while attention should be paid to daily level adjustments. In addition to the overall market, there have been signs of a local bull market recently in RH on-chain, ZEC, and trading tokens, with market conditions approaching the strong bull market before 2020.