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You bought ZEC, I bought ETH, and we both have a bright future.
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.
- 21:31U.S. stocks end previous three-week winning streakJinse Finance reported that the three major U.S. stock indexes closed mixed, ending a previous three-week winning streak. The Nasdaq fell 0.21%, down 3.04% for the week; the S&P 500 rose 0.13%, down 1.63% for the week; the Dow Jones rose 0.16%, down 1.21% for the week. Major technology stocks were mixed: Tesla fell more than 3%, Google dropped over 2%, Apple and Microsoft saw slight declines; Intel rose over 2%, while Nvidia, Netflix, Amazon, and Meta saw modest gains. Notably, Microsoft fell for eight consecutive days, marking its longest losing streak since November 2011.
- 20:38Federal Reserve Governor Milan: Widespread use of stablecoins may increase the risk of hitting the zero lower bound on interest ratesJinse Finance reported that Federal Reserve Governor Milan stated that the widespread use of stablecoins could increase the risk of reaching the zero lower bound on interest rates, and that extensive use of stablecoins might lower the neutral interest rate; the rise of stablecoins could also promote broader use of the US dollar, increase the value of the dollar, and lead to lower interest rates by the Federal Reserve.
- 19:59U.S. Senate Democrats propose plan to end government shutdownJinse Finance reported that an aide to U.S. Senate Minority Leader Schumer stated that the Democrats have proposed to reopen the government through an unconditional short-term funding bill and a bipartisan mini-omnibus appropriations bill.