Bitcoin briefly fell below $101,000 and traded at $101,471 on November 7, BlockBeats reports. The total cryptocurrency market capitalization declined 2.5% in 24 hours to $3.462 trillion, while Ethereum held at $3,300, Solana at $154, and BNB at $949. Crypto-related stocks posted sharp losses, with Coinbase down 7.54%, Circle falling 11.52%, and Strategy declining 6.98%. Major altcoins also dropped, including GIGGLE down 22% to $203, MITO falling 27.2% to $0.086, and KITE declining 21% to $0.07.

The Nasdaq Composite extended losses to 2% on November 7, with Nvidia (NVDA.O) declining 3.43%, Jin10 data show. Tesla (TSLA.O) fell 5.78% and Intel (INTC.O) dropped 3.95% during the session.

Address 0x540C withdrew 114.9 million USDT from Aave on November 6, Lookonchain data show. The withdrawal pushed Aave's main market USDT utilization rate to 92.83%, exceeding the protocol's optimal utilization threshold of 92%.

Liquidity pools operated by MEV Capital and Re7 Labs on Lista DAO reached 99% utilization on Nov. 6, triggering mandatory liquidation procedures, Lookonchain data show. Multiple DeFi platforms are currently showing fund utilization rates exceeding 90%, prompting advisories for users to monitor associated risks.

Cryptocurrency markets recorded $50.65 million in liquidations over the past hour, with long positions accounting for $43.09 million and short positions for $7.37 million, Coinglass data show. The liquidation wave primarily affected leveraged long traders across exchanges.

U.S. stock indexes opened lower and extended declines on November 6, with the Nasdaq Composite falling 1%, Jin10 reports. The S&P 500 Index declined 0.68%, while the Dow Jones Industrial Average dropped 0.65%.

More than 60 wallets mistakenly sent funds to a contract address instead of the correct receiving address during Stable's Phase 2 pre-deposit activity, resulting in combined losses exceeding $2.34 million, Lookonchain data show. The errors occurred after the second phase of the pre-deposit campaign opened on November 6.

Fixed-rate lending protocol Notional Finance will discontinue V3 operations on Ethereum mainnet and Arbitrum following a Balancer-related vulnerability that resulted in bad debt of 641.4 ETH on mainnet and 80.2 ETH on Arbitrum, the platform announced on Nov. 6. Users holding positions in affected Balancer/Aura leveraged vaults will experience 100% loss of position value, while ETH lenders and liquidity providers on both networks face significant account value reductions. The protocol stated the scale of bad debt prevents continued normal operations and will announce a detailed withdrawal plan, with cross-currency borrowing positions on Notional to be automatically migrated to Aave.