ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that the short-term implied volatility peaked on election day, expanding by 10 volatility points compared to the previous expiration date, with a skew towards call options rather than put options, even though Bitcoin is approximately 8% lower than its historical high. Meanwhile, the stock market presents a different picture.The S&P 500 index reached a historic high, with 20% of companies about to announce their earnings. The options market leans towards put protection, anticipating that the index may fluctuate by 1.8% on the day after the election, November 6. The correlation between the stock market and cryptocurrencies has reached a historic high of 0.83. Given its mean-reversion trend and the differences in options market positioning, this may signal the arrival of a turning point.The election creates a zero-sum game scenario for the stock market, with industry winners depending on the election results. In contrast, both U.S. presidential candidates are more supportive of cryptocurrencies than the previous administration, so any weakness in the stock market may prompt a reallocation of capital into the cryptocurrency space.

ChainCatcher news, U.S. stock market opens, Dow Jones rises by 0.25%, S&P 500 index rises by 0.17%, Nasdaq rises by 0.21%, (Jin Shi)

ChainCatcher news, as traders focus on Wednesday's inflation data and the Federal Reserve's potential interest rate cut next week, U.S. stocks are set to end a four-day decline triggered by growing concerns over an economic slowdown on Monday. All three major indices rose over 1%, with 10 out of the 11 sectors in the S&P 500 advancing, led by consumer discretionary and industrial sectors.Ivan Feinseth, Chief Investment Officer of investment bank Tigress Financial Partners, stated, "Despite the weak labor market and the potentially weakening U.S. economy continuing to exert pressure, the market's response to buy on dips continues to support the stock market." Following last Friday's data showing U.S. job growth in August fell short of expectations, Wednesday's CPI report may provide Federal Reserve officials with assurance that inflationary pressures are stabilizing. The U.S. presidential debate between Vice President Harris and former President Trump on Tuesday night may inject some uncertainty into the market this week. (Jin Shi)

ChainCatcher message, U.S. stock market opens, Dow Jones rises by 0.16%, S&P 500 index rises by 0.43%, Nasdaq rises by 0.79%. Intel (INTC.O) rises by 6.2%, as it may spin off its foundry business. Dell (DELL.N) rises by 3.89%. (Jin Shi)

ChainCatcher news, according to Jinshi reports, U.S. stock index futures are basically flat, continuing the strong trend from the previous day, as the market bets that the Federal Reserve will soon signal readiness to start cutting interest rates. After the S&P 500 index strengthened for the eighth consecutive day on Monday, traders took a brief pause. Stock trading volume has decreased, as investors are reluctant to make large bets ahead of this week's Jackson Hole Economic Symposium.Kyle Rodda, senior market analyst at Capital.Com Inc., stated, "What we are seeing is that a recent series of data has alleviated concerns about a slowdown in U.S. economic growth, while also not triggering worries about a renewed acceleration of inflation."

ChainCatcher news, after the release of CPI data, U.S. S&P 500 index and Nasdaq 100 index futures rose to pre-market highs. (Jin Ten)

ChainCatcher news, according to Michael Hartnett, chief strategist at Bank of America, the turmoil in global financial markets has not yet reached a level that triggers concerns about an economic hard landing.The S&P 500 Index (SPX) has fallen about 6% since hitting a record high in mid-July, and the benchmark stock index remains above the 200-day moving average of around 5050 points, while the yield on the U.S. 30-year Treasury bond has not fallen below 4%.Michael Hartnett wrote in a memo, "The technical levels that could shift Wall Street's narrative from a soft landing to a hard landing have not yet been broken. Despite investor feedback being 'fatigued', expectations for Fed rate cuts mean that the preference for stocks over bonds has not ended due to the market sell-off."

ChainCatcher news, S&P 500 index futures soar, currently up 0.6% (Jin10)

ChainCatcher news, U.S. stock market opens, Dow Jones rises 230 points, S&P 500 index rises 1%, Nasdaq rises 1.5%. Star tech stocks perform well, Micron Technology (MU.O) rises 5%, as the company may buy back shares, TSMC (TSM.N) rises 4%, ASML (ASML.O) rises 4%, NVIDIA (NVDA.O) rises 3%. Disney (DIS.N) falls 2.6%, as the company warns that its theme park business is under pressure. Airbnb (ABNB.O) falls 14%, as third-quarter revenue outlook is below expectations. Novo Nordisk (NVO.N) falls 6%, as the company unexpectedly lowers its full-year profit forecast. (Jin Shi)

ChainCatcher news, according to CoinDesk, LMAX Group strategist Joel Kruger stated in today's market update that if the poor performance of the U.S. stock market evolves into a broader correction, cryptocurrencies may decline further.The analyst said: "At the moment, we believe the biggest risk facing crypto assets is that the U.S. stock market is severely overbought and may be on the verge of a crash. This correlation is by no means absolute, but there is evidence that a significant pullback in the stock market could put pressure on crypto assets, at least temporarily."Data shows that during the New York midday, the Nasdaq index fell by 1.8%, and the S&P 500 index dropped by 0.9%. Bitcoin, which earlier rose above $59,000 due to U.S. inflation news, is now down 0.6% to around $57,500.

ChainCatcher news, according to The Block, block data shows that the 30-day Pearson correlation between Bitcoin and the Nasdaq index and between Bitcoin and the S&P 500 index has dropped to -0.84 and -0.82, respectively, marking a low since November 2023.The relevant data from The Block is consistent with a recent report from Bloomberg, which stated that the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 index fell to 0.21 on Tuesday, a multi-month low.

ChainCatcher news, according to CoinDesk, investment bank Benchmark stated that if MicroStrategy (MSTR) chooses to adopt the new accounting standards, the software company may surprise Wall Street analysts by reporting better-than-expected earnings and become eligible for inclusion in the most important U.S. stock index: the S&P 500.As of March 19, MicroStrategy holds 214,246 bitcoins, valued at $13.9 billion at current prices.

ChainCatcher news, according to CoinDesk, crypto-friendly bank Xapo has obtained a European securities brokerage license, allowing it to offer S&P 500 index trading services and sell the company's cryptocurrency wealth management products. In addition, Xapo will also allow customers to trade Ethereum.

ChainCatcher news, according to The Block, the S&P 500 index will remove Twitter stock on November 1, replacing it with the insurance company Arch Capital Group. Musk's acquisition of Twitter will be completed this Friday. A representative from the S&P 500 index stated that changes to the index composition are made when necessary. It is reported that if a company is involved in a merger, acquisition, or significant restructuring, its stock may be removed from the S&P 500 index.According to previous reports, based on information from the NYSE website, Twitter stock will also be temporarily suspended from trading on the NYSE on October 28. (source link)