News

According to ChainCatcher, citing Coinglass data, the past hour saw $129 million in liquidations across the entire network, with $124 million in long positions liquidated and $4.65 million in short positions liquidated.

Jinse Finance reported that as Eastern Time in the United States entered November 4, the US federal government "shutdown" reached its 35th day, tying the record for the longest "shutdown" in US history. Over the past 30 days, the Democratic and Republican parties have remained deadlocked, and none of the 13 votes in the Senate have passed the temporary funding bill proposed by the Republicans. It is reported that the Senate will hold the 14th round of voting today (November 4) local time. The US Congressional Budget Office recently stated that depending on the duration of the federal government "shutdown," it is expected that the annual growth rate of the US real GDP in the fourth quarter of this year will decrease by one to two percentage points. This means that if the "shutdown" lasts for 4 weeks, the US economy will lose $700 million; if it lasts for 6 weeks, the loss will rise to $1.1 billion; and if it lasts for 8 weeks, the loss will reach as high as $1.4 billion. (Golden Ten Data)