South Korea’s KOSPI opened 1.82% lower. According to Odaily, SK Hynix fell 6% and Samsung Electronics declined 3%.

Fundstrat’s Tom Lee said a Democratic midterm sweep could drive a 15% to 20% tech rally as hedge funds rebuild exposure, calling data-center stock losses an overreaction. Lee expects TMT funds to return to tech, led by hyperscalers, and said divided Washington could ease pressure on the Federal Reserve, according to BeInCrypto. Goldman Sachs economists said Democratic state and local wins could pause data-center construction affecting about 45% of planned US capacity growth. Lee favored financials and industrials and said the rebound case weakens if opposition spreads beyond Texas and Georgia. A CNBC host said crypto rallied as Democrats renewed efforts to pass legislation they opposed before the midterms.

According to CNBC, AppLovin surged more than 20% after the mobile advertising software company posted third-quarter results that topped estimates, with adjusted EBITDA of $1.84 billion versus the $1.73 billion consensus and revenue of $2.18 billion exceeding the $2.07 billion forecast. Dutch Bros sank 19% after cutting its full-year adjusted EBITDA guidance to at least $380 million from a prior range of $385 million to $390 million, with third-quarter same-store sales of 4.4% missing the 4.6% estimate. Zillow dropped more than 16% after missing third-quarter estimates, reporting adjusted earnings of 55 cents per share versus 59 cents expected and revenue of $724 million versus $754 million. Fastly plummeted 16% despite beating estimates and guidance, as the company announced its Go To Market president Scott Lovett will retire in 2027. Qualcomm fell nearly 6% despite a slight earnings beat, with current-quarter adjusted earnings guidance of $2.15 to $2.35 per share falling short of the $2.26 analyst estimate. Expedia tumbled more than 7% on fourth-quarter revenue guidance of $3.69 billion to $3.75 billion, below the $3.74 billion consensus, despite third-quarter earnings and revenue beats. Snap slid 7% after third-quarter revenue of $1.72 billion narrowly missed estimates and daily active users of 495 million fell short of the 499 million expected. MercadoLibre dropped about 7% on earnings of $8.83 per share missing the $9.27 consensus, while revenue of $10.75 billion beat the $10.69 billion estimate. HubSpot fell more than 8% as fourth-quarter guidance of $3.85 to $3.87 per share on revenue of $945 million to $947 million missed expectations. Cava declined over 11% on third-quarter earnings of 11 cents per share versus 12 cents expected and revenue of $356 million versus $359 million. Figma dropped nearly 7% despite beating estimates with adjusted earnings of 10 cents per share on revenue of $391 million. Wolfspeed fell 5% on a wider-than-expected fiscal first-quarter adjusted loss of $2.03 per share versus the $1.99 estimate. Klaviyo slid about 5% despite beating estimates and raising full-year revenue guidance. Arm Holdings dipped almost 2% despite adjusted earnings of 52 cents per share beating the 47 cents estimate. Coherent gained 7% on adjusted earnings of $2.09 per share versus the $1.99 estimate, with revenue and guidance also above expectations. e.l.f. Beauty rose more than 4% on fiscal second-quarter adjusted earnings of $1.21 per share and revenue of $521 million, well above estimates.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 3233, providing you with the latest and fastest news on the digital currency and blockchain industry.

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.