Historical report based on Tyler Warner’s Decrypt newsletter, published November 6, 2026, at 21:29:20 UTC+8.
China’s central bank reports action against Solana events
China’s central bank said it had halted Solana’s planned Accelerate China 2026 events in Shanghai and other cities, according to the newsletter. It also said it would investigate domestic entities that placed advertising for the project in Shanghai’s Lujiazui financial district.
The reported action concerned the planned events and advertising placements. The newsletter did not describe a new nationwide rule governing Solana or provide further details about the investigation.
U.S. oversight plans include Trump-linked crypto businesses
In the United States, Representative Robert Garcia, who was expected to chair the House Oversight Committee under the new Democratic majority, said the committee would investigate the Trump family’s business dealings, including its cryptocurrency ventures.
World Liberty Financial was described as likely to be among the first targets, with inquiries possibly beginning in February. These were prospective oversight plans—not a report that an investigation had already opened or that wrongdoing had been established.
Markets reverse their post-election gains
The institutional developments accompanied a sharp reversal in financial markets. Warner reported that Bitcoin had climbed above $80,800 on Wednesday before falling 5.4% to $75,871 on Thursday, below its pre-election level. Ethereum declined 7.6% to $2,239, while roughly $1.1 billion in crypto long positions were liquidated before a slight overnight recovery.
The S&P 500 fell 4.36%, and the Nasdaq dropped 5.52%, closing more than 10% below its record from the previous month. Bitcoin exchange-traded funds recorded $430 million in net outflows on Thursday; Ethereum funds recorded $100 million.
Warner linked the technology-stock selloff to concerns about slower data-center permitting and tighter oversight of AI infrastructure following Democratic election victories. That explanation was market analysis, not an announced regulatory change. Swissquote’s Ipek Ozkardeskaya said: “We suspect there is going to be some scrutiny on this aggressive AI buildout.”
Original source: Decrypt — Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater. The newsletter’s analysis and opinions were Warner’s own and did not necessarily reflect Decrypt’s views.