US stocks fell sharply as they were hit by new rules from Nasdaq. Holders of Bitmine Immersion Technologies (BMNR.US) saw their stock prices drop by over 6%.

According to the Wisdom Finance APP, the majority of stocks in the cryptocurrency ecosystem are falling, with holding token stocks leading the decline. As of the time of publication, Bitcoin concept stocks Hut 8 Mining (HUT.US) fell more than 2.9%, Mara Holdings (MARA.US) fell more than 2%, Strategy (MSTR.US) fell more than 2.4%; Ethereum concept stocks Bitmine Immersion Technologies (BMNR.US) fell more than 6%, SharpLink Gaming (SBET.US) fell more than 7%; leading stablecoin Circle (CRCL.US) fell more than 0.8%. On the news front, Nasdaq is strengthening its scrutiny of its listed companies' behavior of boosting stock prices through financing to purchase cryptocurrencies.