According to CoinMeta, Wu said that with the Democratic Party gaining control of both houses of Congress in the U.S. midterms, there are concerns in the market that they will strengthen regulation over the AI industry. At the same time, the Democratic Party plans to investigate Trump family's business dealings involving cryptocurrencies and other fields. Affected by the uncertainty of these policies, the U.S. stock market and cryptocurrency markets saw significant declines. The Nasdaq Composite Index fell 4.98%, the S&P 500 Index fell 3.25%, and the Dow Jones Industrial Average fell 2.13%. According to OKX market data, BTC fell to a low of $75,558 and is now at $76,023, representing a 24-hour decline of 5.32%; ETH fell to a low of $2,236 and is now at $2,251, with a 24-hour decline of 7.23%. According to CoinMeta data, there were $870 million in forced liquidations across the network over the past 4 hours, with $812 million in long positions being liquidated and $58.34 million in short positions being liquidated.