In the past hour, total liquidations across the network reached $78.77 million, with $76.37 million from long positions, with $2.39 million from short positions. BTC liquidation $15.23 million, ETH liquidation $31.19 million.

Odaily Planet Daily reports that JPMorgan Chase's trading division stated that the longest losing streak for U.S. stocks since August has created opportunities for bargain hunters. The S&P 500 fell for four consecutive days, accumulating a 3.4% drop by Tuesday's close, as investors worried about the sustainability of the artificial intelligence concept stock rally and the Federal Reserve's monetary policy path. Andrew Tyler, JPMorgan Chase's global head of market intelligence, said this pullback represents a "technical shakeout" in the stock market, and the adjustment period may have ended. "Given that there have been no changes in the fundamentals, and our investment assumptions do not rely on the Fed easing policy, now is the time to buy on the dips," Tyler wrote in a report to clients on Wednesday. (Jinshi)

Odaily Planet Daily reports that shares of cryptocurrency and social media company Trump Media & Technology Group have plummeted, falling nearly 70% this year, including a 34.6% drop last month alone. Coupled with the sluggish cryptocurrency market, the Trump family's wealth has evaporated by more than $5 billion. It is reported that Trump himself indirectly holds approximately 115 million shares in the company. (NYPost)

Huoxun Finance reported on November 19th that, according to CoinAnk data, the total liquidation amount for cryptocurrency futures contracts across the entire network reached $243 million in the past 24 hours, including $157 million in long positions and $85.9864 million in short positions. The total liquidation amount for BTC was $66.145 million, and for ETH it was $67.1396 million.

Huoxun Finance News, November 19th - According to Cryptopolitan, Robinhood announced a three-phase plan to enable DeFi App users to use tokenized stocks permissionlessly, leveraging Arbitrum Stylus for compatibility. The final phase will make stock tokens completely permissionless, allowing users to use them across various dApps. AJ Warner, Head of Strategy at Offchain Labs, stated that Robinhood is laying the foundation for the transition of traditional finance to a permissionless ecosystem. The recently launched tokenized stock product in Europe is the first step, covering approximately 800 publicly traded securities, with plans to include private equity. Currently in the first phase, EU users can buy tokenized stocks within the app but cannot transfer them out; they are for in-app use only. The second phase focuses on infrastructure, utilizing the acquired Bitstamp to enable 24/7 trading of stock tokens, breaking traditional trading time limitations. In the third phase, users and DeFi protocols will be free to use permissionless tokens, such as buying Apple tokenized stocks and using them as collateral. This marks a shift in retail investment methods, with tokenized stocks becoming programmable modules in the open financial system; this phase represents a long-term strategic move.