Uber’s delivery business accelerated in the third quarter as growth in its ride-hailing business slowed, Bloomberg reported. Wedbush Managing Director Ygal Arounian discussed why the rides slowdown was not too concerning and how Uber could compete in grocery delivery after rivals DoorDash and Instacart tied up.

Arushi Sharma Frank, founder and CEO of Luminary Strategies, said data centers can be assets to energy resources and the power grid, according to Bloomberg. She also discussed how midterm results could affect the AI buildout and why Elon Musk’s plan to put data centers in space offers diversification for the chip sector.

According to CNBC, CIBC named 36 stocks it viewed as potential beneficiaries after Democrats swept the midterms, favoring major technology platforms, multinationals and lower-volatility companies in a more defensive, regulation-driven environment. The basket included Meta Platforms, Apple, Alphabet, Amazon, Microsoft, Palo Alto Networks, Accenture, Visa, Cigna Group, Republic Services and NextEra Energy. CIBC said a possible slowdown in Texas data-center development after Republican Gov. Greg Abbott’s defeat could weigh on AI industrial stocks near term; governor-elect Gina Hinojosa has advocated a moratorium on new construction and permits. The bank said hyperscalers could benefit if data-center spending is spread over a longer period, and noted Microsoft’s $25 billion and Meta’s $15 billion debt sales. CIBC expected most or all scheduled data centers to be built. Its separate Republican basket included 45 stocks, among them Nvidia, Advanced Micro Devices, Broadcom, Vertiv and GE Vernova.

Tokens linked to U.S. President Donald Trump led losses among the top 100 digital assets on Wednesday after Democrats swept the U.S. midterm elections, even as the broader crypto market advanced. According to Cointelegraph, Official Trump (TRUMP) fell 17% over 24 hours to $1.33, while World Liberty Financial (WLFI) dropped more than 7% to $0.047, based on CoinMarketCap data from around 5:32 p.m. UTC. TRUMP, the president’s official memecoin, launched in January 2025, while WLFI is the governance token of World Liberty Financial, a Trump family-backed decentralized finance project launched in 2024. Democratic victories, including surprise wins in Texas, followed Tuesday’s elections, with the party winning control of both the House and Senate from Republicans. The results could make it harder for Trump to advance his crypto plans and bring additional scrutiny to his family’s crypto businesses. Bitcoin rose more than 4% over 24 hours to around $80,500, and Ether gained 6% to $2,433. BNB rose 3%, XRP gained 2.6% and Solana climbed 2.5%, while the overall crypto market increased 3.4% to $2.69 trillion. Losses also affected other politically linked tokens. MELANIA, associated with First Lady Melania Trump, fell nearly 13% over 24 hours to around $0.066. VANCE, a token named after Vice President JD Vance with no confirmed official connection to him, dropped nearly 12%. The political memecoin sector’s market capitalization declined more than 16% on the day to $477 million, while trading volume jumped 123% to $437 million, according to CoinMarketCap data. Benjamin Sarquis Peillard, founder and CEO of DeFi platform Cap, told Cointelegraph that politically linked tokens may be more sensitive to changing expectations in Washington than established assets, which also respond to liquidity, institutional flows and macroeconomic conditions. He said the selloff may reflect a short-term election reaction, while raising questions about what could sustain demand beyond a token’s association with a political figure. The results also add uncertainty around U.S. crypto legislation, including the stalled Digital Asset Market Clarity Act, or CLARITY Act. The bill failed to advance in the Senate earlier this year after falling short of the 60 votes required. Democrats sought stronger ethics provisions and safeguards against conflicts of interest involving Trump’s crypto ventures, while four Republicans also opposed advancing the legislation. Peillard said the broader industry’s key question is whether Congress can establish a durable regulatory framework regardless of which party holds power.

U.S. District Judge Valerie Caproni rejected the Capital Markets Alliance’s request for a temporary restraining order over single-stock perpetual contracts. According to Odaily, the court found that CMA had not shown its members faced imminent, irreparable harm, but said its claim that the Commodity Futures Trading Commission exceeded its authority could prevail. The court said the contracts appeared not to meet the definition of “security futures” and seemed closer to swaps regulated by the Securities and Exchange Commission.

Stocks rose as Democrats secured control of Congress in a rebuke to US President Donald Trump, Bloomberg reported.

According to ChainCatcher citing Pliant, the company raised $80 million in a Series C round led by Seaya Nova and Speedinvest, with Illuminate Financial, Motive Ventures, and Molten participating. Pliant said it will use the funds to expand in the United States and Canada, enter more international markets, and accelerate its AI payments roadmap. Pliant said its business has doubled for three consecutive years and its annual recurring revenue has exceeded $100 million. Through the Model Context Protocol (MCP), the company can make its B2B payments infrastructure available to external AI agents, including Claude and ChatGPT.

Despite the Democrats sweeping both houses of Congress, AI stocks initially fell before rising, indicating that the market is truly trading on the difference between expectations and regulations.

With Democrats gaining a majority in both the House and Senate, control over crypto legislation has shifted, and investigations into the Trump family's digital asset business will take priority over pushing for new legislation.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

OFAC has added 10 individuals and 1 entity to its sanctions list to crack down on North Korea’s overseas IT personnel network and its cryptocurrency transfer channels.

The Democratic Party won both houses of Congress in the US midterm elections, marking Trump's worst political defeat since taking office.

Intel's stock price plummeted 28.58% in a single day, retreating more than half from its peak, dragging down the global semiconductor sector. The AI ​​narrative is shifting from buying computing power to demanding returns.

Initial reports of the $6.34 billion theft from Binance point to a fake interview, which North Korea denies, but the real mystery lies in the attackers' ten-day infiltration.

Wang Yongli explained the legislative process for stablecoins in the United States and pointed out that China should not follow suit by issuing RMB stablecoins, but should adhere to the main theme of digital RMB.

A meticulously planned fake interview allowed hackers to infiltrate Binance's core wallet from employee computers over nearly five months, resulting in the theft of $6.34 billion in assets.

During its earnings call, Robinhood listed its stock token TVL, on-chain financial applications, and US users as its real KPIs, while Meme token trading was just the first phase of demand.