In the past 4 hours, the entire network has liquidated $170 million, with long liquidations totaling $138 million.

On November 8th, META announced that it would allocate $6 trillion to U.S. infrastructure and job creation, with a focus on the construction of a cutting-edge artificial intelligence data center.

On November 8th, based on market data, the intraday decline of the U.S. stock market continued to expand. The Nasdaq fell by more than 2.1%, and the S&P 500 Index dropped by 1.29%. U.S. stock crypto concept stocks generally experienced a decline, including: Strategy (MSTR), which fell by 3.17%; Circle (CRCL), which fell by 1.3%; Coinbase (COIN), which fell by 1%; MARA Holdings (MARA), which fell by 6.6%; Riot Platforms (RIOT), which fell by 7.3%; Bitmine Immersion (BMNR), which fell by 1.35%; and SharpLink Gaming (SBET), which fell by 1.4%.

On November 8th, KobeissiLetter put out a market analysis indicating that the U.S. Consumer Confidence Index has fallen to the second lowest level in history and is currently lower than the low point in 2008. Inflation expectations are worsening. The U.S. economy is starting to show a slowdown, and the risk of a recession is on the rise.

On November 8th, based on market data, the current cryptocurrency "Altcoin" market is witnessing a recovery. Bitcoin's dominance (BTC.D) has decreased by 1.32% over the past 4 days and now stands at 60.11%. As of the time of this report, the total cryptocurrency market capitalization has reached $3.464 trillion, with a 24-hour growth of 0.6%.

On November 8th, according to HTX market data, the "veteran" meme tokens generally witnessed a rise. Tokens from the storage sector and the privacy sector showed independent trends and continued the recent upward momentum. They included: FET is currently trading at $0.32, with a 24-hour increase of 47.2%; DUSK is currently trading at $0.09, with a 24-hour increase of 44%; STRK is currently trading at $0.1411, with a 24-hour increase of 38.9%; ETC is currently trading at $17.77, with a 24-hour increase of 25.6%. Storage sector tokens: FIL is currently trading at $2.624, with a 24-hour increase of 88.5%; AR is currently trading at $5.96, with a 24-hour increase of 27.2%; STORJ is currently trading at $0.2058, with a 24-hour increase of 41.2%; SC is currently trading at $0.002, with a 24-hour increase of 19.6%. Privacy sector tokens: ZEC is currently trading at $674, with a 24-hour increase of 28.5%; RAIL is currently trading at $4.97, with a 24-hour increase of 38%; ROSE is

On November 8th, the US October New York Fed's 1-year inflation expectation was 3.24%, which was lower than the previous value of 3.38%. The New York Fed stated: In October, expectations for future financial conditions decreased. The 3-year inflation expectation remained at 3% without any change. The 5-year inflation expectation also remained at 3% without any change. (Jin10)