Goldman Sachs’ equity trading desk was flooded with investor calls asking when Thursday’s sharp technology-stock selloff would bottom, but buyers were nowhere to be found. According to Sina Finance, John Flood, Goldman Sachs’ head of Americas equity execution services, said Wednesday was one of the desk’s busiest trading days of the year, while on Thursday the phones were ringing with questions about market conditions but the desk saw little buying. Flood said long-only funds were again sitting on the sidelines. Investors had sharply reduced risk exposure ahead of the midterm elections, but Wednesday’s rally caught them off guard and drew them back into the market. Hedge funds were now selling some of the mega-cap cloud stocks they had bought in the previous session. Goldman saw no buyers stepping in to support the market, and brokerages with substantial retail businesses had significant selling imbalances for a second consecutive day, according to Goldman clients. Investors were reducing risk through broad-market products. Trading volume in the SPDR S&P 500 ETF was 160% above its 20-day average; volume in the Invesco QQQ ETF was double its average; the VanEck Semiconductor ETF was 150% above average; and volume in DRAM-related stocks rose 75%. Flood described the pressure as immense and wrote, “It’s always darkest before dawn.” The selloff was driven by Democrats’ victory in the midterm elections and questions about what the result meant for the AI trade, which had powered market gains over the previous three years. Voters strongly opposed data center construction in their communities, and Democrats’ control of both chambers of Congress was expected to bring hearings scrutinizing AI development. The rotation out of semiconductor stocks turned into a broad selloff, with all 11 S&P 500 sectors declining. Information technology led losses, falling as much as 7%. The tech-heavy Nasdaq 100 dropped 5.9%, wiping out more than $2 trillion in market value. The Philadelphia Stock Exchange Semiconductor Index, known as the SOX, fell more than 10% and was on track for its worst daily performance since the market was hit by the COVID-19 pandemic in March 2020.

Hedge funds have been heavy sellers of debt tied to the artificial intelligence buildout over the last few weeks, Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management, said, according to Bloomberg.

Chainalysis said hackers obtained password hashes and valid authentication tokens for all users, prompting it to take KYT transaction monitoring, address screening, the Reactor investigation platform, Data Solutions and Chain (Beta) offline. According to Odaily, the company plans to restore KYT and address screening services from November 5 using a trusted IP address allowlist. Chainalysis said it contained and fixed a “man-in-the-middle” attack targeting some customers’ passwords; affected accounts will remain locked until their passwords are changed. The company said it has found no evidence that confidential investigative data was accessed or blockchain attribution data was altered. It is requiring users to reset passwords and, where applicable, rotate API keys, and has hired external cybersecurity experts and used large language models to examine its systems and strengthen defenses.

Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management, said high-yield credit quality is in good shape, according to Bloomberg. Junk bonds tied to data center developers traded weaker after Texas Democratic Governor Gina Hinojosa called for an immediate moratorium on development for AI projects.

Top AI companies that had cozied up to US President Donald Trump over the past two years are preparing for fallout from Democrats’ resounding victories in the US midterm elections, according to Bloomberg.

整合双方在人工智能、网络安全及产业应用领域的技术与资源优势，推动前沿技术研究、产品创新与产业合作。

华润隆地智美好网络安全与GCSA共建AI与网络安全研究中心，聚焦AI反欺诈与威胁检测。

Revolut 用支付、订阅与跨境分发撑起1150亿美元估值，Nubank 靠消费信贷与本地深耕赚取真实利润，稳定币正让这两条路径开始交汇。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的AI、DeFi、DAO、NFT和元宇宙行业新闻。

GCSA披露生态产品矩阵：3.8亿用户、91.3%评测成功率，安全能力正走向全域联防。

Circle三季度营收8.65亿美元里，1.82亿美元是卖ARC代币的预售收入；剔掉这块钱，主营的储备利息同比还在缩。

区块链在预测市场、永续合约、稳定币里都找到了产品市场契合，但价值全被掌握用户的平台拿走，链本身只是那根管道。

CFTC首次放行单只股票永续合约，华尔街开始向加密市场学习，美股TradFi与Crypto的边界正在消失。

币安暂停提币约56小时，成交份额转向OKX等场所，但资金并未同步大规模迁移。