Odaily News According to Coinglass data, the entire network had a liquidation of US$183 million in the past 4 hours, of which long positions were liquidated for US$177 million and short positions were liquidated for US$6.1936 million.

Odaily News According to CoinGecko data, the current total market value of cryptocurrencies is $2.152 trillion, with a 24-hour drop of 3.9%. In addition, BTC has a market share of 53.5% and ETH has a market share of 15.1%. According to Coinglass data, the entire network has a liquidation of $337 million in the past 24 hours, of which long orders have a liquidation of $283 million and short orders have a liquidation of $53.4876 million.

Odaily News Japan's Nikkei 225 Volatility Index surged 50%, the highest level since April 2020. The Nikkei 225 Index continued to fall, with the decline widening to 7%. In addition, the Nasdaq 100 Index futures fell by 2%. (Jinshi)

Odaily News Japan's Topix index triggered the circuit breaker mechanism downward. (Jinshi)

Odaily News Japanese government bond futures triggered the circuit breaker mechanism. Mitsubishi UFJ Bank's Japanese shares plunged 21%, hitting a record low. (Jinshi)

Odaily News According to Coinglass data, the total amount of liquidation in the past hour was $45.9801 million, mainly in long orders. In the past 24 hours, the total amount of liquidation in the whole network was $380 million, of which $324 million was in long orders.

Odaily News Coinglass data shows that in the past hour, the entire network had a liquidation of US$104 million, of which long positions had a liquidation of US$95.1034 million.

Odaily News Coinglass data shows that in the past hour, the entire network had a liquidation of US$369 million, of which long positions had a liquidation of US$325 million.

Odaily News According to Paidun monitoring, 20,500 AAVE were liquidated from the address 0x790c...7c00, equivalent to approximately 2 million US dollars.

Odaily News According to Coinglass data, the entire network had a liquidation of US$787 million in the past 24 hours, of which long positions were liquidated for US$675 million and short positions were liquidated for US$111 million; ETH had a liquidation of US$278 million, exceeding BTC ($245 million).

Odaily News According to Paidun monitoring, 89.43 WBTC (worth US$5.28 million) and 2,790 cETH (worth US$156,760) were liquidated from the address 0x47ab...4781.

Odaily News According to Paidun monitoring, the address 0x9cbf...c06ce was liquidated with cryptocurrencies worth US$1.55 million, including approximately 14.63 WBTC (approximately US$867,650) and 6,880 AAVE (approximately US$680,430).

Odaily News According to on-chain analyst Ember, with the sharp drop this morning, some on-chain leveraged ETH whales were liquidated. The liquidation also boosted the decline, causing the ETH price to fall by more than 20%. Some of the whale addresses that were liquidated: 0x1111567e0954e74f6ba7c4732d534e75b81dc42e was liquidated for 6,559 ETH to repay 277.9 WBTC loans; 0x4196c40de33062ce03070f058922baa99b28157b was liquidated for 2,965 ETH to repay 7.2 million USDT loans; 0x790c9422839fd93a3a4e31e531f96cc87f397c00 was liquidated for 2,771 ETH to repay 6.06 million USDC loans; 0x5de64f9503064344db3202d95ceb73c420dccd57 2,358 ETH were liquidated to repay 5.17 million USDC loans.

Odaily News According to Pidun monitoring, the whale holding Ethereum long positions (0xac4e…7597f) has been liquidated 7,467.5 ETH (worth approximately US$22.3 million).

Odaily News According to Pioneering Mining, a certain whale (0x1111…C42E) has been liquidated with approximately 6,230 WETH (worth $19.6 million).

Odaily News According to monitoring by Paidun, whales holding Ethereum long positions (starting with 0x99e8) have been liquidated with approximately $21.5 million in cryptocurrencies, including 5,730.5 WETH and 108,500 cETH.

Odaily News According to Paidun monitoring, an address holding a long position in stETH was liquidated for approximately 1,985.6 stETH, worth US$4.4 million.

Odaily News According to Paidun monitoring, 167,740 cETH worth 9.12 million US dollars have been liquidated at the address 0x4446...39bf.

Odaily News According to Paidun's monitoring, the address 0x6646...6de5 holding WBTC and ETH long positions had approximately US$8.7 million in crypto assets liquidated, including 9.48 WBTC and 2,000 ETH.

Odaily News According to Paidun monitoring, 2,269 WETH worth US$5.7 million were liquidated at the address 0x0b5a...d8c5 holding a long position in ETH.

Odaily News Bitcoin Magazine published an article on the X platform stating that over the past 24 hours, the Bitcoin and crypto markets have seen liquidations of over $1 billion.

Odaily News According to Parsec Finance data, the liquidation amount of Ethereum DeFi protocol exceeded US$350 million, setting a record.

Odaily News Australian shares were not immune to the sell-off on Monday, with the benchmark index falling more than 3%, its biggest one-day drop since June 2022. It was the second consecutive day of declines ahead of the Reserve Bank of Australia's interest rate decision on Tuesday. Technology and bank stocks led the decline, with financial stocks experiencing their worst day since June 2020 after trading at record levels in the previous weeks. With the start of the earnings season this month, the Commonwealth Bank of Australia is about to announce its results, which will further test the Australian market. (Jinshi)

Odaily News Most Asian stock market indices suffered heavy losses today. The Nikkei 225 Index opened down 5% in the afternoon, the Taiwan Weighted Index fell 7%, and the South Korean KOSPI Index fell nearly 6%. A-shares and Vietnamese stock markets have now turned positive after falling earlier. (Jinshi)

Odaily News South Korea's KOSPI index continued to fall, now down more than 6%. Samsung's decline widened to 8%, the biggest drop since 2016. (Jinshi)

Odaily News Economists at Goldman Sachs raised the odds of a U.S. recession next year to 25% from 15%. However, they also noted that despite the sharp rise in unemployment, there are "several reasons not to worry about a recession." "We continue to see limited recession risk," said Goldman economists led by Jan Hatzius. "The overall economy still looks good, there are no major financial imbalances, and the Fed has plenty of room to cut rates, and it can do so quickly if necessary." Notably, Goldman's forecasts for the Fed are less aggressive than those of JPMorgan and Citigroup. Hatzius' team expects the Fed to cut its benchmark rate by 25 basis points in September, November and December; in contrast, JPMorgan and Citigroup expect a 50 basis point cut in September. "Our forecast assumes that job growth will resume in August and that the FOMC will consider a 25 basis point cut sufficient to address any downside risks," the Goldman report said. "If we are wrong and the August jobs report is as weak as July, a 50 basis point cut could be in the cards in September," the economists added, adding that they are skeptical that the U.S. labor market is "at risk" of a rapid deterioration. They say this because job openings suggest demand remains solid and there is no clear shock to trigger a downturn.

Odaily News On August 5, local time, the Japanese stock market fell rapidly, and the number of sell-offs in the market increased. The Osaka Stock Exchange took a 10-minute circuit breaker measure for the Topix stock price index futures starting at 9:16 a.m. on the same day. As of the morning close, the Topix index closed at 2392.27 points, down 145.33 points from the previous trading day, a drop of 5.73%. In addition, the trading of Japanese long-term government bond futures was also briefly interrupted on the same day. (Jinshi)

Odaily News Nikkei 225 index futures triggered the circuit breaker mechanism and trading was suspended until 12:21 Japan Standard Time. (Jinshi)

Odaily News The South Korean Stock Exchange's KOSDAQ index plummeted 8%, triggering a circuit breaker mechanism. (Jinshi)

Odaily News The Nikkei 225 Index plunged 9% and fell more than 3,200 points during the day, currently at 32,668.66 points. (Jinshi)

Odaily News U.S. stock index futures continued to fall, with Nasdaq futures falling by 3%. The European session has not yet begun, but European stock index futures have fallen sharply, with the Euro Stoxx 50 index and major German and French stock index futures all falling by more than 1%. The MSCI Asia Pacific Index plunged 5%, and is expected to wipe out gains in 2024. The US/Japanese exchange rate rose by more than 3% during the day, and the decline in Japanese stocks accelerated after the yen soared further. Japan's Topix index fell by 10%, and is on track for its worst single-day performance since the 2011 nuclear power plant crisis. Banks and insurance companies are the worst performing stocks in the Japanese stock market. South Korea's KOSDAQ index stopped trading after a plunge of 8%, and the index has wiped out all gains made since regulators imposed a ban in early November last year. The Taiwan stock market collapsed by 1,700 points, down 8% during the day. The Australian stock market hit its lowest level since the end of June. (Jinshi)

Odaily News Taiwan's weighted index closed down 1,807.21 points, or 8.35%, at 19,830.88 points on August 5 (Monday).

Odaily News Japanese stocks suffered their worst losses since 1987, with the Nikkei and Topix indexes each falling more than 8%, the country's worst stock market decline since 1987. Both indexes are down about 20% from their all-time highs on July 11. Popular trading companies such as Mitsubishi, Mitsui & Co., Sumitomo and Marubeni all fell about 10%. (Watcher.Guru)

Odaily News Australia's S&P/ASX 200 index closed down 3.6%, its biggest one-day drop since May 2020, as global investors worried about the possibility of a recession in the United States. Australian stocks have fallen 5.7% since hitting a new high last Thursday. All 11 sectors closed lower, with heavyweight financial stocks falling 5.0%, marking their worst day since June 2020. Stocks in all industries fell, with ANZ, National Australia Bank, Westpac and Commonwealth Bank falling between 4.5% and 5.7%. Technology stocks performed even worse, with Xero, WiseTech and Life360 falling between 5.55% and 9.05%. (Jinshi)

Odaily News The Istanbul Stock Exchange in Turkey announced that the market-wide circuit breaker mechanism has been triggered. Trading in the stock market, stock and stock index contracts in the derivatives market, and the debt securities stock repurchase market has been temporarily suspended. (Jinshi)

Odaily News The three major A-share indexes bottomed out and rebounded in the morning, and fluctuated and weakened in the afternoon. As of the close, the Shanghai Composite Index fell 1.54%, the Shenzhen Component Index fell 1.85%, and the ChiNext Index fell 1.89%. On the market, the tourism sector bucked the trend and strengthened, with Xiangyuan Culture and Tourism and Rhine Sports hitting the daily limit. Education stocks strengthened, with stocks such as Offcn Education and Kevin Education hitting the daily limit. Chip stocks fell, Zhongjing Technology hit the daily limit, and stocks such as Robotech and BIWIN Storage were among the top losers. Most sectors such as copper cable high-speed connection, CPO concept, PCB concept, and car-road-cloud concept fell. More than 4,700 stocks fell in the Shanghai, Shenzhen and Beijing markets, with a transaction amount of more than 790 billion yuan. (Jinshi)

Odaily News According to Yonhap News Agency: South Korea will hold a meeting to discuss the stock market sell-off. (Jinshi)

Odaily News The Turkish Stock Exchange announced that the market circuit breaker mechanism was triggered for the second time. (Jinshi)

Odaily News Japanese Finance Minister Shunichi Suzuki: Expressed strong concern about the stock market decline. (Jinshi)

Odaily News Thailand's Finance Minister said the stock market decline was driven by external factors and should be supported by government measures; the government equity fund will be expanded by October to support the stock market (Jinshi)

Odaily News Analysts say the Fed may be forced to cut rates before its next meeting in September to prevent a recession-causing feedback loop from forming between the market and the real economy. Earlier, the Bank of Japan raised interest rates, and weaker-than-expected U.S. economic data triggered a loosening of huge global imbalances that had accumulated to extreme levels. But the pace of economic deterioration did not suddenly accelerate - last week's employment data was not a sure sign of a recession, and the triggering of the "Sam Rule" only diverted market attention, and increased geopolitical tensions also became a contributing factor. The economic situation is not dramatically different, but the market's shift to pricing in a recession prospect makes a recession more likely. The Fed may now be forced to cut interest rates this month to prevent the decline in asset prices from being transmitted to the real economy and triggering a recession. (Jinshi)

Odaily News Star technology stocks in the U.S. stock market fell across the board before the market opened, with Apple (AAPL.O) falling more than 7%, and Buffett reducing his holdings of Apple shares by nearly half in the second quarter; Nvidia (NVDA.O) fell nearly 9%, and Tesla (TSLA.O) fell more than 7%. (Jinshi)

Odaily News Spot silver fell 2% during the day and is now trading at $27.96 per ounce. (Gold Ten)

Odaily News Blockchain concept stocks in the U.S. stock market generally fell before the market opened, with Coinbase down 13.93%; MicroStrategy down 17.90%; Block down 6.21%; and Riot Platforms down 11.09%.

Odaily News South Korea said today's stock market decline was "excessive" and that it would closely monitor the foreign exchange and stock markets and take prompt market stabilization measures if necessary.

Odaily News BSCN Headlines published an article on the X platform stating that the previous online rumor that the Federal Reserve held an emergency meeting on the market crash was untrue.

Odaily News The US stock market volatility index hit its highest level in four years. (Jinshi)

Odaily News Nikkei 225 index futures continued to rebound, now up more than 6.5%. (Jinshi)

Odaily News U.S. bank stocks plunged before the market opened, with JPMorgan Chase (JPM.N) falling 3.1%, Wells Fargo (WFC.N) falling 1.6%, Goldman Sachs (GS.N) falling 1.6%, Morgan Stanley (MS.N) falling 3.7%, Citigroup (CN) falling 4.5%, and Bank of America (BAC.N) falling 4.4%. (Jinshi)

Odaily News Spot gold fell below the $2,400 mark for the first time since July 30, and fell 1.76% on the day. Spot silver fell below the $27 mark for the first time since May 6, and fell 5.4% on the day. (Jinshi)

Odaily News According to market news, Nvidia's stock price fell by 12.1% in pre-market trading due to the overall market decline and reports that the company's new artificial intelligence chip was delayed. (Jinshi)