ChainCatcher news, according to Jinshi reports, CICC's research report states that the Ministry of Finance has expressed a relatively positive stance, which is expected to boost investor confidence, as policy signals are being formed. On Saturday, the Ministry of Finance announced a package of incremental policy measures at a press conference held by the State Council Information Office. Against this backdrop, CICC believes that the market is likely to regain confidence after experiencing prior adjustments, with a short-term expectation of halting the decline and stabilizing. However, the rate of recovery may significantly slow down compared to before the holiday, and attention should be focused on the review of specific fiscal plans by the Standing Committee of the National People's Congress, which may convene at the end of this month.

ChainCatcher news, U.S. bank stocks fell sharply in pre-market trading, with JPMorgan Chase (JPM.N) down 3.1%, Wells Fargo (WFC.N) down 1.6%, Goldman Sachs (GS.N) down 1.6%, Morgan Stanley (MS.N) down 3.7%, Citigroup (C.N) plummeting 4.5%, and Bank of America (BAC.N) down 4.4%.

ChainCatcher news, according to an official announcement, the board of directors of the U.S. brokerage Robinhood (HOOD.O) has approved a $1 billion stock repurchase plan.Robinhood's Chief Financial Officer Jason Warnick stated, "As our business and cash flow continue to grow, we are pleased to announce a $1 billion stock repurchase plan to return value to shareholders."Management currently expects to execute the plan over the next two to three years, starting in the third quarter of 2024, depending on overall business and market conditions, as well as other investment opportunities. Management also plans to adjust the pace of capital deployment based on changes in the stock price.

ChainCatcher news, according to Bloomberg citing informed sources, Tiger Global Management's largest hedge fund has written down the value of its OpenSea shares by 94%, and the investment value in BAYC has been written down by 69%.Previous report, on November 8, New York-based hedge and venture fund Coatue Management reduced the value of its OpenSea shares, which were once worth $120 million, by 90% to $13 million in the second quarter of 2023. This means the company believes OpenSea's current paper valuation is $1.4 billion or less.