Following the release of Circle’s earnings report, its pre-market gains have widened, with its stock now up 3.35%

Following the U.S. midterm elections, the Democratic Party secured control of both chambers of Congress, narrowing the White House’s room to influence the Federal Reserve through personnel appointments. Nominations for Federal Reserve Board governors require Senate confirmation, posing obstacles to former President Donald Trump’s plans to further reshape the Fed’s board composition. Fed Chair Jerome Powell, appointed by Trump in May, raised interest rates by 25 basis points in September against the backdrop of inflation remaining above the 2% target, marking the first monetary policy tightening in three years. While the Fed paused rate hikes at its October meeting, its post-meeting comments reinforced market expectations of another tightening in December. Some economists argue the election outcome will allow Powell to focus more on monetary policy itself. Dalip Singh, chief global economist at PGIM, projects the Fed may raise rates by a cumulative 100 basis points over the next year. However, analysts note that if Trump adjusts his policy toward Iran or abandons further tariff hikes, the actual degree of tightening may not expand after inflationary pressures ease. Powell’s term as Fed chair runs through 2030, extending beyond Trump’s current presidential term. Democratic Senator Elizabeth Warren is expected to lead the Senate Banking Committee, and Powell’s policy stances and disclosure practices may face stricter oversight.

Public chain Soneium, co-developed by Sony Group and Startale, announced that Japanese IP Moriusa has launched on the network, becoming the first tokenized IP on Soneium. On November 12, 50 Moriusa Soneium Edition NFTs will be sold via Soneium Portal. All NFTs are from existing collections with no new minting, including 2 rare pieces. Purchases are random, priced at 0.25 ETH each, with a limit of 1 per wallet. The sale’s whitelist phase runs from 13:00 to 15:00 UTC, followed by public sale. Participants must use a standard EOA wallet, bridge ETH to Soneium, and create a Soneium Portal account.

Liquid staking protocol Lido announced in a statement that its built-in token swapping feature, Swaps, is now live. Users can directly swap tokens on Ethereum, Arbitrum, and Base via the Lido interface, with the feature powered by CoW Protocol.

Nov 5 Update: #Bitcoin ETFs: 1D NetFlow: +208 $BTC(+$16.56M)?? 7D NetFlow: -14,117 $BTC(-$1.12B)?? #Ethereum ETFs: 1D NetFlow: +16,825 $ETH(+$40.18M)?? 7D NetFlow: -177,044 $ETH(-$422.75M)??

Samsung Wallet has opened stablecoin accounts to eligible U.S. Galaxy users, allowing them to directly buy, hold, send, and receive Solana-based USDC within the wallet—no separate crypto app downloads or private key management required. The feature covers approximately 82 million compatible Galaxy devices. The service is jointly built by licensed custodian Bastion and Coinbase, with Coinbase serving as sub-custodian to hold USDC via Coinbase Prime Vault. Users can transfer funds to other Samsung Wallet users in the U.S. and compatible external wallets with no Samsung fees, as well as send remittances to eligible bank accounts in over 60 countries; credit card top-ups carry a 4% fee. The service is available to U.S. residents aged 18 and above, with New York State currently excluded. Samsung noted it will explore online and offline stablecoin payments and expand to additional markets going forward.

U.S. initial jobless claims for the week ended October 31 came in at 189,000, against expectations of 196,000, with the prior week’s figure revised from 194,000 to 195,000.