Cointime reports: Chinese A-share retail stocks extended gains, with Baida Group surging to its daily limit-up and Guoguang Chain locking in its ceiling earlier. Dashang Group, Guofang Group, Eurasia Group and Xinhua Department Store ranked among the top gainers, reflecting renewed buying interest in the sector.
Cointime update: Microsoft (MSFT.O) completed a $25 billion bond issuance on November 4, split into 10 tranches comprising $2 billion of floating-rate notes and $23 billion of fixed-rate notes, with maturities from 2028 to 2066. Fixed-rate coupons range from 4.85% to 6.35%. JPMorgan, UBS and Wells Fargo acted as underwriters.
Cointime update: US House Democratic Leader Hakeem Jeffries formally announced his candidacy for the next Speaker of the House in a letter to Democratic lawmakers on Wednesday, November 5. Jeffries said he hopes to secure colleagues’ support and that Democrats must push for the major changes Americans are demanding once they retake the chamber. If elected, he would become the first African American Speaker in US history.
Cointime reports: Several Trump advisers said many US administration officials have begun weighing post-White House career plans, with senior political adviser privately blaming the Iran war for Republicans’ poor election performance. One adviser said Trump believes he was misled on the Iran conflict and that someone must pay, with Defense Secretary Hegseth seen by some allies as at risk. Trump told Fox News on Tuesday he is not considering a cabinet reshuffle.
Cointime reports: Hong Kong-listed AI hardware concept stocks widened their declines in afternoon trading. Yangtze Optical Fibre and Cable fell more than 15%, Kingboard Laminates dropped over 14%, Cambridge Technology slid more than 10% and Montage Technology declined more than 8%.
Cointime update: Former FBI agent Patrick Yaroch is due to plead guilty on Thursday in federal court in Alexandria, Virginia, to stealing about $1 million in digital assets from crypto wallets tied to an adversarial nation, prosecutors said. Yaroch is scheduled to appear before Judge Patricia Tolliver Giles in the Eastern District of Virginia, and prosecutors say he used ChatGPT to plan a move to Portugal.
Cointime update: Polygon community members have proposed a Polygon PoS mainnet hard fork to zero out roughly 70.49 million native POL tokens held in blocklisted attacker addresses and transfer them to a designated recovery address. About 23.86 million tokens are tied to Polymarket and 46.63 million to Binance, with total supply unchanged. The proposal is set to be presented at a protocol governance call at 22:30 Beijing time on Nov. 5; the activation block and client version remain undetermined.
Cointime reports: US Vice President JD Vance is reportedly trying to rally disaffected Republicans and voters into a “new right” coalition ahead of the 2028 presidential cycle, following Republican defeats in the November 3 midterm elections that returned control of both the Senate and House to Democrats. The effort is said to target those unhappy with the status quo.
Cointime reports: At 04:50 Beijing time on November 5, 500 million USDT worth roughly $500 million was transferred from the Tether Treasury to Binance, Whale Alert reported on X. Solscan data shows the transfer took place on the Solana network, moving from the USDT mint authority address to an address tagged as a Binance deposit address.
Cointime reports: The ChiNext Index turned negative in afternoon trading after rising more than 3% earlier in the session. Heavyweight optical module stocks led the decline, with Zhongji Innolight falling nearly 10%, Eoptolink dropping more than 8% and T&S Communications down over 6%.
Cointime reports: US stocks rose on November 4, the first trading day after Democrats won control of both chambers of Congress, splitting government. The Dow gained 3.03%, or 1,569.40 points, to close at 53,356.12; the S&P 500 rose 1.58% to 7,688.62 and the Nasdaq 1.44% to 25,736.51. HCA Healthcare climbed 10.3% while Lockheed Martin fell 6.9% and Brent crude dropped 8.7% to $94.62 a barrel.
Cointime update: Arkansas has filed suit against prediction-market platform Kalshi, seeking to stop what the state alleges is illegal gambling. The state is asking for restitution, unpaid taxes and civil penalties. Kalshi is simultaneously pursuing federal appeals against state enforcement of gambling laws.
Cointime update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a video meeting on Nov. 4 to convey and implement the spirit of the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China, calling for faster cultivation of emerging and future industries to build a modern industrial system. The meeting urged effective investment, more basic research funding, implementation of the 15th Five-Year Plan, and a penetrative supervision system for state-owned enterprises.
Cointime update: Polymarket and Binance have proposed a Polygon PoS hard fork that would zero out roughly 70.49 million POL, worth about $6.7 million, held in hacker addresses and credit the same amount to recovery addresses designated by the two firms. The proposal, filed November 5, follows the October 30 compromise of Polymarket’s frontend and Binance’s hot wallet, after which Polygon validators froze four Polymarket hacker addresses holding 23.86 million POL and one Binance address holding 46.63 million POL. Polymarket and Binance are set to defend the proposal at a Polygon Protocol Governance Call at 22:30 Beijing time on November 5.
Cointime reports: Japan’s Nikkei 225 index dropped 2% during intraday trading. The decline marks a sharp single-session move for the benchmark, which tracks 225 large-cap companies listed on the Tokyo Stock Exchange. No further details on the drivers of the selloff were immediately available.
Cointime reports: South Korea’s KOSPI index fell 5.6% as the market sell-off deepened, with SK Hynix shares extending losses to 10%. The Korea Exchange activated its Sidecar mechanism, suspending programmatic selling on the KOSDAQ market.
Cointime reports: Arm Holdings reported second-quarter adjusted earnings per share of 52 cents, beating the 47-cent estimate, with adjusted net income of $566 million versus $514.2 million expected and adjusted operating profit of $638 million against a $575.7 million estimate. The chip designer guided third-quarter revenue to a range of $1.49 billion to $1.59 billion, compared with a market estimate of $1.53 billion.
Cointime reports: Toyota Motor shares extended gains during intraday trading, rising as much as 15% at one point. The move marked a sharp acceleration in the stock’s advance during the session. No further details on the cause of the rally were provided.
Cointime reports: Microsoft has declined to enter a major artificial intelligence partnership with UK-based AI firm Nscale, the Financial Times reported. The decision leaves the British company without a deal that would have marked a significant tie-up with the US software giant. No terms or reasons for Microsoft’s withdrawal were disclosed in the report.
Cointime reports: China A-share CPO (co-packaged optics) concept stocks reversed early gains on the day, with Linktel Instrument dropping more than 10%. JG Photonics, Hengdong Optics, Zhongji Innolight, Eoptolink, Guangku Technology, T&S Communications and Cambridge Technology each fell over 5% in the pullback.