As the S&P 500 index hits a historical high, investors' expectations have risen accordingly. NVIDIA's earnings guidance fell short of high expectations, leading to a post-market drop of over 3%. The crypto market experienced widespread declines, and due to Bitcoin's recent weak performance, 61% of bettors on prediction markets are wagering that Bitcoin will fall below $100,000 before 2026. Yesterday, shares of digital asset finance companies (DAT) all plummeted, with Ethereum reserve leader BitMine dropping nearly 8%. Although Standard Chartered issued a report suggesting that Ethereum reserve companies are undervalued and comparing them to MSTR's stock price, could this signal a comprehensive correction in DAT valuations?

NVIDIA's Earnings Guidance Falls Short of High Expectations, Post-Market Drop Over 3%

As the S&P 500 index reaches a historical high, investors' expectations have risen accordingly. Although NVIDIA's performance exceeded expectations, investors' hopes were even higher.

NVIDIA stated that third-quarter sales would reach approximately $54 billion, aligning with Wall Street's average forecast but falling short of the optimistic $60 billion expectation. This tepid outlook has intensified concerns that the explosive growth in AI spending is slowing down.

For a stock priced to perfection, this was enough to trigger an after-hours sell-off. Even NVIDIA's announcement of an additional $60 billion stock buyback failed to boost market sentiment.

Since early April, the chip giant's market capitalization has increased by about $2 trillion. Its earnings serve as the latest test of whether the AI industry can maintain growth momentum under heavy pressure.

NVIDIA's stock fell over 3% after hours, but it has still risen 33% year-to-date, firmly holding the top spot in global market capitalization.

Crypto Market Declines Broadly, Prediction Markets Bet on Bitcoin Falling Below 100K

The overall crypto market capitalization fell 0.53% to $3.86 trillion. Among the top 10 cryptocurrencies by market cap, only SOL and DOGE maintained gains, with SOL up 4.03% in 24 hours, holding steady above $200; DOGE rose slightly by 0.72%, closing at $0.2196 as of press time.

Due to Bitcoin's recent weak performance, 61% of bettors on prediction markets are wagering that Bitcoin will fall below $100,000 before 2026.

Presto Research analyst Min Jung stated that so far, large-scale selling by whales and long-term holders has been met with sufficient buying demand—especially from DAT and institutional allocators. However, if these major holders begin to unwind positions more aggressively, the key question becomes whether there are enough new entrants to absorb the supply. If demand fails to keep pace, a drop below $100,000 becomes more likely.

DAT Stocks All Decline, BitMine Plunges Nearly 8%

Yesterday, shares of digital asset finance companies (DAT) all plummeted:

• Strategy (MSTR): Down 2.65%

• BitMine (BMNR): Down 7.85%

• SharpLink (SBET): Down 3.26%

• Upexi (UPXI): Down 3.92%

• DeFi Development Corp (DFDV): Down 4.63%

Although Standard Chartered issued a report suggesting that Ethereum reserve companies are undervalued and that the recent pullback is a good entry point for buying, comparing them to MSTR's stock price, could this be a comprehensive correction in DAT valuations?

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