ADP reported that U.S. private-sector employment increased by 86,000 in October, exceeding economists’ expectation of 67,000. According to Sina Finance, data from the ADP Research Institute and Stanford Digital Economy Lab showed that September’s increase was revised to 86,000; forecasts from 26 economists ranged from 58,000 to 122,000. Employment in goods-producing industries rose by 4,000, while service-sector employment increased by 82,000.

According to CNBC, Citi downgraded Adobe to sell from neutral and lowered its price target to $207 from $250, implying roughly 16% downside from Tuesday’s close. The bank sees downside risk to consensus growth estimates into fiscal year 2027, as Adobe prioritizes longer-term strategic changes that could weigh on near-term growth. Analyst Tyler Radke said rising competition from AI-integrated software services and macroeconomic uncertainty could add pressure. Citi expects Adobe’s annual recurring revenue to grow roughly 5% year over year through fiscal 2028, 200 to 300 basis points below analysts’ consensus estimate. Incoming CEO Anil Chakravarthy is set to take the role in December amid leadership vacancies. Adobe shares have fallen about 30% year to date.

According to Jin10, U.S. ADP employment was 86,000 in October, compared with expectations of 69,000 and a previous reading of 90,000.

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.

According to CNBC, Trump Media & Technology Group shares fell 11% after Democrats won a decisive victory in the U.S. midterm elections Tuesday night. President Donald Trump owns 41% of the company, which operates social media platform Truth Social. Tesla and SpaceX dropped nearly 6% and more than 7%, respectively, after Democrats took control of both the House and Senate. Newly elected candidates have expressed critical positions on the AI-fueled data center build-out. SpaceX operates AI supercomputing infrastructure in Tennessee and Mississippi, while Tesla has one in Texas. Neocloud stocks moved lower, with CoreWeave falling 7%, Iren tumbling 6% and Nebius slipping about 5%. Democratic wins in Texas and ballot rejections of data centers nationwide are expected to create hurdles for data center plays. Novo Nordisk gained over 6% after reporting earnings of 5.79 Danish kroner per share, beating Wall Street expectations of 5.10 kroner, and raised its fiscal 2026 outlook citing GLP-1 product sales expectations. CVS Health fell more than 2% after announcing it would split into two separate publicly traded companies by the first half of 2028, reversing its $78 billion acquisition of Aetna. McDonald's rose 2% on mixed results — adjusted earnings of $3.57 per share topped the $3.38 consensus, while revenue of $7.16 billion missed the $7.29 billion estimate. Duolingo surged 18% after third-quarter revenue of $309 million topped the $303 million consensus, with monthly active users reaching 153 million. Alight jumped 22% after raising its full-year 2026 outlook. Avis Budget Group slid about 2% on mixed third-quarter results. AMD was little changed after reporting adjusted earnings of $2.09 per share, beating estimates of $1.95. Toast dropped 5% despite topping estimates, as CFO Elena Gomez announced her departure. Skyworks Solutions slumped about 11% after quarterly guidance disappointed. Super Micro Computer gained 2% after earnings and revenue beat estimates, with FY2027 sales guidance of $72 billion to $82 billion. Arista Networks rose 4% after current-quarter guidance topped estimates. Block rallied 9% after third-quarter earnings and revenue exceeded expectations and the company raised full-year guidance. Freshworks tumbled about 10% despite posting stronger-than-expected results.

Alphabet Inc.’s Waymo planned to end its exclusive robotaxi partnership with Uber after customers asked for more consistency when ordering self-driving services, Co-CEO Tekedra Mawakana said, according to Bloomberg. Mawakana described the Uber app deal as a “crapshoot” for riders.

Sony Bank said an unauthorized access incident at Securitize Japan, an external contractor for its digital securities business, exposed information belonging to 621 customers. According to Foresight News, the exposed data included the names, addresses, dates of birth, and account numbers of four customers, as well as the names of another 617 customers. Sony Bank said it has found no improper transactions related to the incident and no evidence that the exposed information was published or circulated online. The incident was limited to digital securities services, and related transactions have been suspended until further notice. Securitize Japan detected an anomaly in its systems on October 29 and confirmed unauthorized external access that day, then notified Sony Bank. An investigation of system logs confirmed the data exposure. Sony Bank said it will contact affected customers individually.

According to CNBC, China is coordinating state-linked companies to increase ownership stakes in overseas mines and secure access to critical minerals. An overseas bureau was established in April to oversee investments by central state-owned enterprises, and a mining investment vehicle was created in July to coordinate deals. Chinese mineral acquisitions abroad reached $8.8 billion in the first three quarters this year, the highest annual total since at least 2018, according to a Rhodium Group report released Wednesday.

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.

Dollar stablecoins have been regarded as a strategic export by Washington, but the on-chain distribution network that meets the needs of hundreds of millions of users has already been laid out by the market. Native issuance is the underlying track for dollar output.

Following the midterm elections, the crypto industry faces a Democratic takeover, the defeat of key allies, and a new round of intense scrutiny from Washington.

Memecoins using the name and photographs of Spanish footballer Jesús de Miguel began circulating shortly after his death, triggering outrage among crypto traders and renewing questions about the ethics of speculation in the rapidly expanding token market.

Tron founder Justin Sun is escalating his legal battle with World Liberty Financial, asking a California federal court to sanction the Trump family-backed crypto venture over what he describes as a delayed disclosure of UAE ownership ties that could undermine the court's jurisdiction over his lawsuit.

The Democratic Party swept both houses of Congress, resulting in $63 million in political donations to the crypto industry going down the drain. Stricter regulations on AI and data centers caused the market to briefly reverse its decline and rise.

BitMart has admitted it was hacked on 2 November 2026, with about $391,000 reportedly taken from wallets linked to the exchange and sent to an address also used in the Mercado Bitcoin attack. Mercado Bitcoin lost tens of millions of dollars that same day, and BitMart's founder believes the same group was behind both.