According to CoinMeta, based on the summary of the November 2026 market report provided by Binance Research, the total market value of the crypto market fell by 9.1% in October to 2.70 trillion US dollars. The report links the market correction to inflationary pressures, expectations of Federal Reserve interest rate hikes, and declines in tech stocks. During the same period, there was a net outflow of approximately 516 million US dollars from US spot BTC ETF and about 1.6 billion US dollars from ETH ETF. The report also indicates that the combined capital expenditures of the five major AI investment firms in the third quarter amounted to 230 billion US dollars, which is 2.2 times their operating cash flow, resulting in a total free cash flow of about -32 billion US dollars. AI demand is presumed to continue growing, but the revenue scale of related crypto inference service providers remains small. Additionally, the tokenized stock product Bstocks reached a management asset scale of 1 billion US dollars within 125 days of its launch ( AUM ), with an on-chain utilization rate of 18.54%, which is higher than the industry average of 13.91%.