According to PANews on February 3, the three major U.S. stock indices opened sharply lower, with the Dow Jones Industrial Average down 553 points, the S&P 500 down 1.65%, and the Nasdaq down 2.1%. Many blockchain concept stocks plummeted, with Hut 8 down more than 9%, Canaan Inc. (CAN.O) down more than 8%, MicroStrategy (MSTR.O) down more than 7%, and Coinbase (COIN.O) down more than 7%.