American Bitcoin Corp., a Trump family-backed company in the spotlight after Democrats won a decisive victory in the midterm elections, reported a third-quarter profit after three consecutive quarterly losses. According to Bloomberg, the company announced the result Wednesday.

Investors are seeking reassurance about Sony Group Corp.'s longer-term earnings stability to extend the nascent rebound in its shares, Bloomberg reported.

ScottsMiracle-Gro shares rose about 10% after its earnings report, as investors focused on guidance that exceeded expectations, according to Bloomberg. President and CEO Nate Baxter said fiscal 2026 revenue grew about 1%, partly because the company exited lower-margin commodity products and changed its product mix. Baxter spoke with Romaine Bostick and Vonnie Quinn on “The Close.”

Snap reported third-quarter revenue and daily active users below expectations, and its shares fell more than 10% in after-hours trading. According to Sina Finance, citing StreetAccount, adjusted earnings were $383 million, above analysts’ estimate of $337 million. Sales rose 14% year over year, and net income was $56 million, compared with a net loss of $104 million a year earlier. Snap forecast fourth-quarter revenue of $1.95 billion to $1.99 billion, with the midpoint above Wall Street’s $1.95 billion estimate. It expects adjusted earnings of $490 million to $525 million, versus analysts’ previous estimate of $498 million. Snap executives said in a letter to investors that the company plans to make global monthly active users its “primary audience metric” starting in the first quarter of 2027. The company reported 977 million monthly active users this quarter. The letter said the historical ratio of daily to monthly active users had remained stable, but Snap would not optimize for daily activity at the expense of the community’s long-term value. It said a longer-term perspective would better align reporting metrics with product and safety decisions, strengthen user relationships, create lasting utility, and support broader, more sustainable audience growth.

Tenspresso, a three-month-old artificial intelligence chip startup founded by former Google AI chip engineers, is in financing talks that could value it at $500 million, Bloomberg reported, citing people familiar with the matter.

John Chambers, founder of JC2 Ventures and former CEO of Cisco, said AI is a win for society and that he was not surprised by the pace of AI growth or capital formation, citing his backing of AI startups nine years ago, according to Bloomberg. He made the remarks on “Bloomberg The Close.”

Luigi Soreca, head of the EU Delegation to Bosnia and Herzegovina, said on the 4th that the country had made no substantive progress toward European integration over the past year. According to Sina Finance, he said the EU could further reduce its financial support if Bosnia and Herzegovina failed to meet the conditions for implementing the Western Balkans Growth Plan by year-end. After submitting the European Commission’s 2026 report on Bosnia and Herzegovina to Council of Ministers Chair Krišto, Soreca told media that European integration remained the country’s strategic goal, but that it was increasingly moving away from that path. He said Bosnia and Herzegovina was missing opportunities and lagging behind neighboring countries, with clear shortcomings in judicial reform and anti-corruption efforts. Regarding the general election scheduled for October 4, Soreca said political divisions had deepened, anti-EU rhetoric had increased, and political statements had failed to advance reforms. The Council of Ministers said Bosnia and Herzegovina was willing to continue joint efforts, assume its responsibilities, and work through dialogue with the European Commission to establish a roadmap for its future EU accession. Bosnia and Herzegovina applied to join the EU in February 2016 and received EU candidate status in December 2022. On March 21, 2024, the European Council decided to open accession negotiations with the country, but there has been no substantive progress.

MercadoLibre shares fell after third-quarter earnings missed profit estimates, as investors assessed whether its heavy investments will lead to stronger profitability over the long run, Bloomberg reported.

According to Jin10, Qualcomm's CEO expects the company to maintain more than 70% of the share in Samsung's next-generation smartphones.

According to ChainCatcher citing The Verge, OpenAI is gradually rolling out GIF generation in ChatGPT, powered by its unannounced Images 2.6 model. Users can describe an animation in natural language or upload a photo to turn into a GIF, then adjust playback speed, view frames, edit, and share the result. The Images 2.6 update also promises faster image generation and is being rolled out to ChatGPT and Codex users on web, desktop, and mobile. Developers will get two API models, GPT-Image-2.6 Flare for faster generation and GPT-Image-2.6 Sunburst for higher-quality results. OpenAI has not published a standalone announcement detailing the model’s capabilities or said when GIF generation will reach all ChatGPT accounts; most users cannot access it yet. The update follows the September release of ChatGPT Images 2.5, which brought sharper detail, more precise editing, and generation speeds up to 50% faster than its predecessor. OpenAI shut down its standalone AI video-generation app Sora in March.

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.