🌊 Democrats sweep midterms in blue wave

Democrats take the House and Senate, precious metals surge, and Circle beats earnings.

Top Stories

BTC $78,156 (1.1%) | ETH $2,316 (1.6%) | SOL $93 (-0.3%)

  • Democrats seize control of both the House and Senate in the midterms — Crypto’s $64M+ campaign spend fails to stop Sherrod Brown’s Senate return while pro-crypto House Republicans including Steil, Nunn and Wagner lose seats

  • Gold and silver prices surge after the Democratic sweep, adding a combined $1T in market cap

  • Circle posts Q3 revenue of $865M and EPS of $0.84, beating estimates

  • Oracle cancels $7B AI chip leasing deal with Tencent after US pressure

  • AI startup Fal raises $1.3B led by Bessemer, doubling its valuation to $16B

  • CFTC approves first equity perpetual futures contracts for trading on US exchanges

  • ZachXBT says the $130M hack target was French bank Crédit Mutuel Arkéa

  • Morgan Stanley becomes one of first banks to tokenize assets via DTCC's new service

  • Apple updates its insider trading policy to bar employees from using confidential information to trade on prediction markets

  • Jack Dorsey’s Block beats estimates as it posts Q3 revenue of $6.72B — Reaches deferred prosecution deal with DOJ, settling money laundering case for $764M

  • Palantir posts Q3 revenue of $2.31B, beats estimates, and raises full-year guidance