Cointime reports: On November 5, all three major US stock indices closed higher, with the Nasdaq up 1.44%, the Dow up 3.03% and the S&P 500 up 1.58%. Large-cap tech stocks surged, with Microsoft and Amazon up more than 6% and Apple up more than 5%. AI-linked shares fell against the trend: Seagate dropped more than 8%, Micron and SanDisk fell 7%, Western Digital lost more than 6%, CoreWeave slid more than 9% and Nebius dropped more than 7%.
Cointime reports: Humanoid robot concept stocks on China’s A-share market rallied again in afternoon trading, with Molding Technology hitting the daily limit. Zhenghe Industry and MediTech had earlier hit the limit, while Zhaomin Technology rose more than 18%. Zhaofeng, Ningbo Huaxiang, Ruixin, Zhongjian Technology, Zhaowei Electromechanical and Zhejiang Rongtai also climbed.
Cointime reports: Taiwan’s Taiex weighted stock index fell 3.1% to close at 41,626.68 points. The drop marks a sharp single-session decline for the benchmark index. No further details on sector performance or market drivers were provided.
Cointime reports: South Korea is preparing measures to respond to heightened volatility in financial markets. No further details on the specific measures or timing were provided. The move comes as global markets face elevated uncertainty.
Cointime reports: Citi strategist Daniel Tobon said on November 5 that any dollar weakness following the US midterm elections will be short-lived, with market focus set to shift back to the Federal Reserve’s rate outlook as new economic data arrives. He cautioned against assuming a divided government leaves Trump unable to advance his agenda, noting Trump relies more on executive orders than Congress. Tobon expects the ECB to turn dovish before the Fed and sees Friday’s nonfarm payrolls report as unlikely to change the Fed’s current policy direction.
Cointime reports: The US Treasury borrowed a record $839 billion this week through sales of Treasury bills and notes, surpassing last year’s $7.95 billion…
Cointime update: Canary Capital’s Canary Staked INJ ETF has received Nasdaq approval for listing under the ticker INJC. The fund plans to stake at least 90% of its INJ holdings under normal conditions, with BitGo as custodian. Public trading remains pending until the S-1 registration statement becomes effective.
Cointime reports: Toyota Motor reported second-quarter operating profit of ¥1.13 trillion, up 34% year on year and above the ¥964.86 billion market estimate. Net profit fell 19% to ¥759.40 billion, while net sales rose 8.6% to ¥13.44 trillion. The automaker raised its full-year operating profit forecast to ¥3.90 trillion from ¥3.40 trillion and expanded its share buyback program to ¥1.3 trillion.
Cointime update: Democrats moved swiftly after their midterm victory, warning technology CEOs to prepare for subpoenas and signaling fresh investigations into President Trump’s business dealings. The party’s leadership wasted little time in signaling that congressional oversight will intensify, with tech executives and Trump’s commercial interests both in the crosshairs.
Cointime reports: House Democrats are discussing expanding Rep. Maxine Waters’ 2025 amendment to the CLARITY Act, the Crypto Investor and Consumer Protection Act, into a broader crypto market-structure bill in the next Congress, crypto reporter Eleanor Terrett said on X, citing three industry sources briefed by Democratic staff. The proposal would fold in Waters’ earlier unadopted Democratic CLARITY version and Senate Democratic provisions agreed with Republicans before September’s cloture vote, and could give the SEC a larger crypto oversight role while narrowing the CFTC’s, plus ethics limits on Trump and other federal officials’ crypto activity.
Cointime update: Aave V4 has listed SpaceX tokenized stock SPCXc on its Coinbase tokenized stock market on the Base network, allowing users to borrow USDC against the shares as collateral, Aave said on November 5. Founder Stani Kulechov said SpaceX shares can now be used for stock-backed loans. The tokenized stock is available only to eligible users in jurisdictions outside the United States.
Cointime update: Democrats intend to investigate President Donald Trump’s cryptocurrency business once they take control of Congress, with Jamie Raskin and Robert Garcia expected to lead the House Judiciary and Oversight committees. Hakeem Jeffries, set to become House Speaker on January 3, has promised to unveil an agenda within 100 hours of taking office, also covering Medicaid cuts, tariffs and the Iran war. Trump has said he will veto everything.
Cointime reports: USDC accounted for 79% of total stablecoin transaction volume in the third quarter, up from 66% a year earlier, Circle said on its earnings call. On-chain USDC volume reached $13.9 trillion, up 49% year over year, while quarterly minting and redemption hit a record $208 billion. The CPN payment network’s annualized volume was $41 billion at quarter-end, roughly 15 times higher year over year, and has since surpassed $58 billion with 205 financial institutions onboarded.
Cointime update: The Bank of England announces its interest rate decision at 20:00 Beijing time, with Eurozone September PPI due at 18:00 and US initial jobless claims for the week ended Oct. 31 plus preliminary Q3 nonfarm productivity at 21:30. ECB President Christine Lagarde speaks twice overnight, at 00:00 and 02:00 Beijing time. ConocoPhillips reports before the US open, while Cloudflare, Microchip Technology and Airbnb report after the close.
Cointime reports: China’s STAR 50 index climbed more than 2% in morning trade before paring gains, while the solar sector rallied broadly. Hong Kong’s Hang Seng Index rose 3.1% at midday and the Hang Seng Tech Index gained 4.8%, with Meituan, Alibaba and Tencent all posting strong gains. South Korea’s stock market fell as much as 5% intraday; Goldman Sachs said a US “blue wave” would significantly affect AI regulation.
Cointime update: The Digital Chamber said Sherrod Brown’s election victory is the “most consequential unfavorable result” for the crypto industry, warning that Democrats will reorient the crypto policy debate toward stronger consumer protections and regulatory accountability. The group’s assessment signals a tougher policy environment ahead for digital assets as Democratic lawmakers take a more enforcement-focused stance.
Cointime update: Moonshot AI announced on Tuesday the release of Kimi Hosted Agents, offering the Harness that powers agents as a cloud service for enterprises and developers. Customers can obtain a 24/7 hosted environment without building or maintaining their own runtime framework, supporting long-horizon task execution and efficient multi-agent collaboration.
Cointime update: China’s State Council financial work report, delivered by PBOC Governor Pan Gongsheng on Nov. 3 to the NPC Standing Committee and published Nov. 5, calls for supporting Central Huijin Investment in playing a quasi-stabilization fund role. The report also pledges to broaden medium- and long-term funding sources and market entry channels, and to safeguard stable operations in stock, bond and foreign exchange markets.
Cointime update: Hunan province issued a 10-year general local government bond totaling 14.016 billion yuan, with an issuance yield of 1.6300%, a marginal bid-to-cover ratio of 1.85 times and an expected ratio of 1.63. The bond carries a 10-year tenor and is classified as a general obligation local bond.
Cointime update: Iran’s Islamic Revolutionary Guard Corps said two oil tankers caught fire in the Strait of Hormuz on Wednesday night. The IRGC statement did not specify the vessels’ identities, flags, cargoes or the cause of the blazes, and gave no casualty figures. The Strait of Hormuz is the world’s most important oil chokepoint, and any disruption there affects global crude flows.