The three major U.S. stock indices gave up their opening gains, with Nvidia turning negative and falling 1.3%

According to a post on X by Citrini analyst jukan, Anthropic is seeking to exclude mainland China and Hong Kong investors from its IPO, Bloomberg reported.

Odaily reports: Trader Killa posted on X platform stating that if Bitcoin's bottom this cycle is $57,000, the severity of this decline could be more brutal than previous bull market corrections. In 2023, even during periods of capitulation-style selling, Bitcoin's price never deeply reached the imbalance zone. Therefore, unless the market rapidly V-shaped rebounds from current levels, this correction could become one of the most severe drops in price action terms among previous bottom formations. If $57,000 is confirmed as the bottom of this cycle, Bitcoin must subsequently hold above $65,000; if it fails to hold, it could further probe the $42,000 to $52,000 range, which may become the final decline before a true bottom is formed.Killa believes that the market should not simply view this correction as a typical bull market adjustment—its price performance is actually more severe. If the current low is not the final bottom, then Bitcoin would for the first time see a weekly higher high (HH) followed by a break below the previous bear market low.

Odaily reports: According to MSX.COM market data, US crypto stocks broadly declined over the past 24 hours. Sharplink (SBET) fell 2.19%, Coinbase (COIN) dropped 2.37%, Strive (ASST) declined 2.82%, Strategy (MSTR) fell 3.35%, BitMine (BMNR) dropped 3.49%, Bullish (BLSH) declined 3.57%, BitGo (BTGO) fell 3.63%, Circle (CRCL) dropped 4.00%, Galaxy Digital (GLXY) declined 4.30%, Riot Platforms (RIOT) fell 5.98%, MARA Holdings (MARA) dropped 6.19%, Cipher Digital (CIFR) declined 6.48%, IREN (IREN) fell 6.67%, Gemini (GEMI) dropped 7.58%, and TeraWulf (WULF) fell 8.22%.

According to CoinGlass data, total liquidations across the network over the past hour amounted to $70.4597 million, of which long liquidations were $65.5705 million and short liquidations were $4.8892 million.

Odaily Report: According to MSX market data, the Philadelphia Semiconductor Index extended its decline to 5%, with chip stocks broadly lower. Among them, AMD (AMD.O) fell 9.2%, Marvell Technology (MRVL.O) dropped 7.6%, Broadcom (AVGO.O) and Intel (INTC.O) both declined over 5%, and Nvidia (NVDA.O) fell 3.3%.

Odaily reports, according to MSX market data, the Philadelphia Semiconductor Index's decline widened to 4.2%, with US chip stocks broadly falling. Among them, AMD (AMD.O) dropped over 8%, while Marvell Technology (MRVL.O), Broadcom (AVGO.O), and Arm (ARM.O) all fell over 5%. Intel (INTC.O) declined 4.4%, Micron Technology (MU.O) dropped 4%, and Nvidia (NVDA.O) fell 2.5%.