Coverage wrapped up on November 2, 2026, at 5:30 p.m. EST.
The Nasdaq shifted from a 1 percent increase to a 1 percent drop on Monday, despite falling interest rates and a sharp drop in oil prices driven by optimism regarding Middle East peace.
Apple posts quarterly earnings beat
Apple reported fiscal fourth-quarter revenue totaling $114.5 billion, surpassing the consensus expectation from Wall Street of $113.4 billion.
The earnings per share of $2.10 came in higher than projections of $1.99, while the operating income of $35.63 billion outpaced the estimated $34.52 billion.
Revenues from the iPhone reached $57.58 billion, beating predictions of $56.48 billion.
Equities experienced a slight decline in extended trading. Throughout the market selloff in October, Apple functioned as a defensive asset, showing an inverse correlation to the broader Nasdaq index, and reached an all-time peak just above $350 on Thursday before settling at $338 today.
Palantir tops Q3 estimates, gives strong Q4 guidance
“The Sovereign AI movement is imposing the most dramatic dichotomy between haves and have nots that I have witnessed in 30 years of business,” noted CEO Alex Karp.
Palantir generated third-quarter revenue of $2.31 billion, exceeding Street forecasts of $2.18 billion, alongside an adjusted EPS of $0.44 that beat the estimated $0.41.
Fourth-quarter revenue projections between $2.649 billion and $2.653 billion outperformed the consensus prediction of $2.46 billion, and adjusted operating income forecasts ranging from $1.64 billion to $1.664 billion surpassed the expected $1.41 billion.
Company shares climbed 2 percent during after-hours trading.
Stock declines accelerating into the close
Having started Monday up over 1 percent, the Nasdaq traded down by more than 1 percent just ahead of the market close as the artificial intelligence bull market continued its persistent correction.
Following a 30 percent plunge on Friday, Intel shares dropped an additional 9 percent, while Micron, AMD, Dell, SanDisk, and Lam Research all registered losses between 5 percent and 7 percent.
These reductions occurred even as bond yields kept declining and crude oil dropped 8 percent on signs of progress toward a Middle East peace accord.
Bitcoin hovered near session lows, recording a 24-hour decline of 1.3 percent to $76,750.
Several digital asset-linked equities also faced steep declines, including Coinbase down 5 percent, Galaxy Digital down 9 percent, Bullish down 5.4 percent, Strive down 6 percent, and Securitize falling 3.7 percent.
The data center election: Texas is key, says BofA
Bank of America analysts stated that Texas represents the single most vital election cycle for data centers, utilities, and electrical power.
The bank’s analysts added that while consensus expects Governor Greg Abbott to return to a supportive stance toward data centers following a victory, institutional momentum from audits, Certificate of Convenience and Necessity remands, and legislative priorities operate independently of the governor. They noted that Texas remains the top secular growth story in the industry, though investors should expect wider volatility margins than current market pricing suggests.
Binance paid back stolen funds on its own, says CZ
Former Binance CEO Changpeng Zhao stated on Monday afternoon that the exchange did not borrow funds, liquidate assets, or conduct fundraising rounds to cover the more than $6 billion in stolen money.
He emphasized that Binance absorbed the cost directly from its own balance sheet, distinguishing this event from other industry incidents frequently used for comparison.
Cerebras falls below $100, down 75% from debut high
Cerebras Systems, one of the prominent initial public offerings of the year, dropped beneath the $100 mark, registering a decline of roughly 75 percent from its peak debut price of $385 in May, with the chipmaker’s shares sliding another 8 percent on Monday.
Market bounce fading in late-morning trade
After testing $79,000 earlier in the day, Bitcoin pulled back to $77,250, reflecting a 1 percent decrease over the previous 24 hours.
The broader CoinDesk 20 Index declined by 0.9 percent.
Equities retained some gains, though the Nasdaq traded well below session highs with a modest 0.7 percent increase; advances in Nvidia, Amazon, Google, and Tesla were counterbalanced by ongoing drops in Intel, Micron, and AMD, while Apple dipped 1 percent ahead of its earnings release after the closing bell.
Oracle falls 5% on $20 billion fundraising plan to finance AI buildout
Oracle shares dropped over 5 percent following an announcement regarding a $20 billion capital raise through debt and equity instruments to support its artificial intelligence infrastructure expansion, leaving the stock down 50 percent from its yearly high alongside a separate shelf registration filing to sell $10 billion in debt across six tranches.
Bond yields add to declines as oil slumps 7%
Reports indicating potential peace negotiations involving Iran pushed WTI crude oil down 6.8 percent to $97.10 per barrel, while Brent crude experienced a comparable drop to $106 per barrel.
This sentiment spread into fixed income markets, where the 10-year U.S. Treasury yield fell by 5.2 basis points to hit a session low of 4.87 percent.
U.S. manufacturing sector continues solid expansion, with price pressures remaining strong
The Institute for Supply Management Manufacturing Purchasing Managers’ Index climbed to 55.5 in October, up from 54.5 in September and beating economist estimates of 54.6.
The Prices Paid subindex edged down slightly from 77.9 to 75.2, compared to an anticipated reading of 77.
Meanwhile, New Orders increased from 55.3 to 55.5, and the Employment subindex dipped marginally from 52.7 to 52.4.
Bitmine added just $19 million in ether last week
Ethereum treasury company Bitmine continued expanding its reserves by acquiring an additional 8,573 ether last week, bringing it closer to its objective of securing 5 percent of the asset’s total supply.
Priced at the company’s reference figure of $2,261 per ETH, the acquisition valued approximately $19.4 million and raised total holdings to 6,060,506 ETH, equivalent to roughly $13.7 billion.
Accumulation pace has decelerated recently, marking last week’s volume as the lowest since mid-August.
The firm presently controls around 4.96 percent of the circulating ether supply, leaving it roughly 49,500 ETH shy of the 5 percent threshold; Chairman Tom Lee stated last month that accumulation will cease once this target is achieved.
Iran headlines send oil down further, extending decline to nearly 7%
Iran’s official state news agency reported that Supreme Leader Mojtaba Khamenei authorized the government to engage in discussions.
While market interpretations varied, crude prices fell rapidly, with WTI crude dropping 6.6 percent to $97.26 per barrel.
In response, Bitcoin gained roughly $600 to trade at $78,100, Nasdaq 100 futures rose 1 percent, and the 10-year U.S. Treasury yield slipped 1.4 basis points to 4.90 percent.
Coinbase downgraded to underweight at Morgan Stanley
Analyst Michael Cyprys downgraded Coinbase to an underweight rating, citing deteriorating confidence in an earnings recovery.
Concurrently, the price target was adjusted downward from $258 to $120.
The stock experienced a drop exceeding 10 percent on Friday due to a combination of a weaker-than-expected third-quarter earnings report released Thursday evening and broader market liquidations, placing shares down 40 percent year-to-date and 57 percent year-over-year at the time.
Pre-market trading saw an additional 2.65 percent decline to $139.74.
Markets experienced a mild recovery, pausing the previous sharp downturn.
Bitcoin traded up roughly 1 percent from Friday evening at $77,500, accompanied by a 0.6 percent gain in Nasdaq 100 futures.
Potential support stemmed from reports regarding Iranian peace talks, which drove oil prices down by about 4 percent on Monday.
The beginning of the month brings critical economic releases, starting with the ISM Manufacturing survey and culminating in Friday’s nonfarm payrolls report for October, with consumer and producer price indices scheduled for the following week.
Strategy added 810 bitcoin last week, while Stive purchased 124 coins
Michael Saylor’s Strategy executed a modest bitcoin acquisition last week by purchasing 810 coins.
Total reserves reached 849,327 BTC, representing 4.04 percent of the global bitcoin supply and valued at approximately $66 billion.
The organization also repurchased $208 million worth of its high-yield preferred stock STRC, which continues to trade beneath its $100 par value.
Meanwhile, Matt Cole’s Strive moderated its previous aggressive accumulation tempo by acquiring 124 BTC for $10 million, translating to an average purchase price of $80,526 per coin.
Cole noted that the purchases were funded using existing cash reserves alongside a minor deployment of the SATS at-the-market offering, which issued 3,418 shares to raise approximately $300,000.
Strive’s aggregate holdings now stand at 43,124 bitcoin.
Pre-market indicators showed slight gains for both MSTR and ASST following heavy losses during the preceding week’s market volatility.
AI animal spirits: Marvell in $115 billion deal for Lumentum
Specialized AI chip developer Marvell reached an agreement to buy Lumentum, a manufacturer of lasers and optical hardware utilized in artificial intelligence data centers, through an all-stock transaction valued at $115 billion.
Marvell projected that the purchase would expand the combined addressable market to $550 billion while unlocking over $1 billion in annual cost synergies.
Pre-market movements for both equities remained muted as the merger terms had already been anticipated and priced in late last week.
Metaplanet discloses furious pace of share buybacks
Japanese bitcoin treasury enterprise Metaplanet reported the repurchase of approximately 96.5 million shares during the latter half of October, utilizing ¥25.3 billion, equivalent to $160 million.
Chief Executive Officer Simon Gerovich confirmed that this volume accounted for roughly 7.1 percent of the company’s public float.
Ether ETFs record largest ever monthly outflow
U.S.-based spot exchange-traded funds registered a net monthly exit of $1.61 billion in October according to SoSoValue metrics, marking the largest withdrawal period since these investment vehicles launched in mid-2024.
BlackRock’s ETHA fund accounted for $1.42 billion of those departures, also marking a record individual outflow.
Concurrently, spot bitcoin ETFs experienced $515 million in redemptions, halting a two-month streak of consecutive inflows.
Binance hacker swaps stolen solana for bitcoin
Blockchain tracking monitored by an AI agent designated Hupzy revealed that a wallet address associated with the Binance perpetrator converted stolen solana into bitcoin on Sunday via the RelayProtocol service.
Identified as AffzF by law enforcement and analytics firms, the attacker’s wallet held 970,000 SOL tokens following the Thursday security breach, with approximately half transferred to a secondary unverified address that initiated conversions into bitcoin.
Hupzy described the active conversions as the laundering phase of the $6.3 billion breach, noting potential sell pressure on Solana and an impending supply overhang for Bitcoin as converted assets reach secondary trading platforms.
CoinDesk market data indicated a 1.6 percent 24-hour decline for Solana, while Bitcoin remained largely unchanged.
HSBC’s new stablecoin sees 50,000 users in just over a week
Chief Executive Officer Georges Elhedery announced during Hong Kong FinTech Week that HSBC’s Hong Kong dollar-pegged stablecoin, RedCoin, attracted 50,000 adoption accounts within its first week of availability.
The institution aims for a user base numbering in the millions following the token’s rollout inside the PayMe application, which serves over 3.3 million active participants.
Hong Kong CEO Maggie Ng confirmed that merchant transactions and wallet funding features are operational, with upcoming plans to integrate RedCoin into the primary mobile banking software to enable investments in tokenized instruments such as money market funds.
Binance sees $6.1 billion leave after hack, but most of its crypto remains on the exchange
Wallets linked to Binance processed over $6 billion in outgoing token transfers within 24 hours of reopening withdrawal services following the prior week’s security incident, highlighting customer sentiment once fund movements were restored.
This volume comprised roughly 3.6 percent of the $171 billion in reserves reported by Binance prior to the breach, based on public blockchain analysis by DefiLlama, which may incorporate internal exchange reallocations alongside external user withdrawals.
Even after these departures, DefiLlama tracking indicated approximately $129 billion in cryptocurrency remaining across Binance-associated addresses, though analytical methodologies and asset valuations differ from official reserve reports.
The withdrawal resumption followed a roughly 45-hour suspension triggered by an October 29 exploit that compromised approximately $6.3 billion in digital assets.
The platform reactivated withdrawal capabilities on Sunday, November 1, starting at 06:00 UTC.
By 12:36 UTC, all 15 initial asset networks—including bitcoin, ether, solana, XRP, and primary stablecoins—were fully accessible.
During the initial nine and a half hours, Binance reported executing $4.649 billion in withdrawals against $1.01 billion in incoming deposits, resulting in net outflows of $3.64 billion.
Management observed that withdrawal requests surged immediately upon reopening before stabilizing, whereas deposit activity remained robust.
Competing platforms also registered activity spikes, with OKX recording roughly $450 million in net incoming transfers and Bybit capturing about $134 million.
While these figures reflect capital entering alternative venues during the Binance reopening window, aggregate blockchain metrics do not confirm the direct origin of these funds from Binance users.
On November 1, Binance announced it had successfully recovered approximately 95 percent of the compromised funds, with the remainder consisting primarily of illiquid assets requiring extended acquisition timelines.
Originally published at https://www.coindesk.com/markets/2026/11/02/live-updates-binance-records-usd6-billion-outflows-after-starting-withdrawals-less-then-4-of-total-holdings.
