Analysis: After the US Stock Market Plunge, It's Still Too Early to Determine Whether a Bear Market Has Begun

Odaily reports: According to Arkham monitoring, Morgan Stanley has transferred a total of 9,297 SOL to Coinbase over the past two days through its Solana exchange-traded fund MSOL, suspected of selling. It currently still holds approximately 510,000 SOL, valued at $45.79 million.In addition, Morgan Stanley yesterday spent $3.41 million through its Bitcoin exchange-traded fund MSBT to buy the dip with 43 BTC, bringing its total Bitcoin holdings to 10,893 BTC.

Odaily Report: He Yi quoted Musk's previously posted CZ-related meme on X, paired with the classic red and blue pill scene from the film "The Matrix," and posted asking: "Which color pill do you choose?"Previously, Musk used a CZ-related meme to respond to the crypto market downturn, after which CZ responded with a "took an arrow to the knee" meme. OKX CEO Star also joined the interaction, joking: "The richest man is jealous of the richest man, so he 'smears' the richest man again!"As the related interactions continued to draw attention, according to GMGN data, the market cap of the related Meme coin GM (GREEN MORNING) has surpassed $7 million.Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reports: Ahead of Friday's release of the U.S. October nonfarm payrolls report, bond traders have already bet that the U.S. Treasury market will rise further, while market expectations for the Federal Reserve to continue raising rates have continued to cool. After the U.S. midterm elections, global stock markets suffered a sell-off, driving investors toward U.S. Treasuries this week as a safe haven, and the 10-year Treasury yield fell on Thursday to its lowest level since early September.As the stock market sell-off intensified further, the 10-year Treasury yield stood at 4.82% on Friday. The recent rally in the bond market has strengthened traders' confidence that yields will fall further. One options market trade bets that the 10-year Treasury yield could fall to 4.7% by the end of next week; another trade expiring on November 20 bets that the yield will fall to about 4.35%.Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, said the data due Friday is expected to be slightly weak, but the market is still mainly focused on economic fundamentals. He noted that the U.S. economy remains quite strong and the labor market is showing a "low hiring, low layoffs" pattern, so the market has already sharply reduced rate hike expectations over the past few weeks.

Odaily reports: According to MSX.COM data, in pre-market trading, Dow futures fell 0.8%, S&P 500 futures rose 0.24%, and Nasdaq 100 futures rose 1.1%. Some chip stocks rebounded: AMD (AMD.O) rose 5.3%, TSMC (TSM.N) rose 5.3%, Nvidia (NVDA.O) rose 2.9%, and Broadcom (AVGO.O) rose 3.8%. SpaceX (SPCX.O) and Tesla (TSLA.O) rebounded 2% and 1.4% pre-market, respectively.

Odaily: South Korean cryptocurrency exchange Gopax has announced the suspension of all trading services in order to transfer all customer assets to cold wallets. The platform stated that this move is a precautionary security measure in response to multiple recent security breaches and data leak incidents at financial institutions. (The Block)

Odaily reports: Former Fidelity investment fund manager George Noble warned on Thursday that Nvidia is heading down a path similar to the dot-com bubble burst by "propping up" customers who purchase its artificial intelligence (AI) hardware. In a post on social media, Noble noted that Nvidia currently accounts for about 8% of the S&P 500, double the weight Cisco held at the peak of the dot-com bubble in 2000. He believes the semiconductor giant is repeating the same mistakes, falling into the "exact same" trap that dealt a devastating blow to Cisco more than two decades ago.