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Overview of major market events on November 6th.
What are the core advantages?
From hyping up to attract new users, pre-market warnings of breaking issue prices, aggressive rallies liquidating short positions, to a sharp crash wiping out long positions, this collapse not only burst the speculative bubble but also exposed deeper issues of manipulation and trust crisis within the industry.
Zcash surged by 241% in 30 days, mainly driven by the Prince Group incident, exhausted market narratives, celebrity endorsements, and liquidity shortages. However, its fundamentals have not improved and it faces high regulatory risks. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
Raiku is a high-performance infrastructure layer on the Solana network that addresses transaction congestion and failure issues by reserving block space and employing a deterministic execution mechanism, thereby improving transaction stability and efficiency. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, is still in an iterative update phase.
- 23:04A bitcoin miner found a block worth $265,000 with a probability of 1 in 180 million.Jinse Finance reported that a retail bitcoin miner using Solo CKpool with a hashrate of only 6 TH/s unexpectedly mined a block, earning approximately $265,000 in bitcoin rewards. Based on the total network hashrate, the probability of mining a block per day is only about 1 in 180 million. This is the first successful block mined by CKpool in nearly three months, and the 308th block since the software launched in 2014.
- 22:59The Federal Reserve extends the consultation period for improvements to the stress testing program, giving banks more time to provide feedback.Jinse Finance reported that the Federal Reserve has agreed to give large banks more time to submit comments on certain aspects of a proposal aimed at improving stress test models for major financial institutions. In a statement released on Friday, the Federal Reserve said that the deadline for public comments on the proposal to enhance stress test models, as well as scenario transparency and accountability, would be extended by one month to February 21. The Fed stated that the deadline for comments on the proposed 2026 stress test scenarios remains December 1. The annual stress tests were introduced after the 2008 financial crisis to strengthen the banking sector's ability to withstand future economic shocks and to assess banks' performance under hypothetical recession scenarios. Banks have long pushed for modifications to the tests, claiming that the testing burden is excessive.
- 22:53The US Dollar Index rose by 0.02% on the 21st.Jinse Finance reported that the US Dollar Index rose by 0.02% on the 21st, closing at 100.180 in the foreign exchange market.