Aftermath of Trump's election defeat: public events canceled, all associated crypto concepts decline across the board.

U.S. stock market opens: Dow Jones rises 1.9%, S&P 500 gains 1.1%, Nasdaq climbs 1.07%. Democrats outperformed expectations in the U.S. midterm elections, driving strength in clean energy and healthcare-related stocks: FTC Solar (FTCI.O) surges 40%, First Solar (FSLR) rises 13%, Gilead Sciences (GILD.O) gains 2%, Moderna (MRNA.O) climbs 3%. Stocks linked to Elon Musk and Donald Trump weakened: Trump Media & Technology Group (DJT.O) falls 9.8%, SpaceX (SPCX.O) drops 5%, Tesla (TSLA.O) declines 4%.

After the U.S. midterm elections, soaring cost of living has emerged as the top policy priority for the incoming Democratic-controlled Congress. Relevant data shows that since the start of Trump’s second term, the U.S. Consumer Price Index (CPI) has risen by around 5.4% cumulatively, food prices by about 4.5%, and gasoline prices by a sharp 39%. Multiple pre-election polls found that roughly 90% of respondents viewed the cost of living as a key voting issue, and nearly two-thirds of voters blamed inflation on the Trump administration’s policies. The Republican Party lost control of both chambers of Congress in the midterms amid voter frustration over prices and economic strains. Hakeem Jeffries, the House Democratic leader expected to become Speaker of the House in January next year, said the Democratic Party, upon assuming control of Congress, should focus on lowering the cost of living rather than pursuing retaliation against Trump. He noted that U.S. voters want the Democrats to effectively address the high cost of living, not engage in political retaliation against Trump. The Democrats won the election on the strength of their platform of improving affordability, and now need to deliver on that priority in their governance.

Coinbase published a post detailing its user asset protection mechanisms, stating it was not impacted by Binance’s earlier hot wallet security incident, and that its platform systems and user funds remain unharmed. The exchange noted that over 99% of user assets are held in cold wallets, with only a small portion in hot wallets to cover daily user withdrawals and usage needs, and balances are dynamically adjusted based on deposit and withdrawal demands. All institutional custody vault assets are cold-stored and isolated on-chain. For fund transfer security, Coinbase employs distributed key protection, withdrawal limits, abnormal activity monitoring, and emergency stop mechanisms. Cold wallet private keys are split for storage and never fully reconstructed during the signing process; the key signing service in hot wallet production environments also prohibits individual independent access. If abnormal transactions or surging withdrawal volumes are detected, the system initiates investigations and imposes limits, and can suspend partial or full fund transfers by disabling signing keys when necessary. Coinbase also emphasized that user assets are always held by users, with the platform maintaining a 1:1 asset reserve, and will not lend or misappropriate assets without user consent. As of September 30, 2026, Coinbase’s platform asset size reached $377 billion, holding $8.6 billion in cash and cash equivalents, and $2.2 billion in investment-grade crypto assets. The company added that as AI capability development reshapes the security risk landscape, it will continue to increase investment in security technologies.

Nov 4 Update: #Bitcoin ETFs: 1D NetFlow: -859 $BTC(-$67.33M)?? 7D NetFlow: -12,641 $BTC(-$990.98M)?? #Ethereum ETFs: 1D NetFlow: -34,497 $ETH(-$79.99M)?? 7D NetFlow: -202,950 $ETH(-$470.58M)??

According to Bitget market data, Brent crude oil has fallen below the $100 per barrel threshold, the first such drop since October 8, with an intraday decline of 3.60%. On the news front, Iran's Supreme Leader Mojtaba Khamenei stated that the Iranian nation will soon usher in victory, prosperity and all-round progress, while creating conditions for the further accelerated decline of U.S. dominance. Pakistan's Prime Minister noted that recent diplomatic engagements between Pakistan, Iran and other regional countries have yielded "very positive" results. He emphasized that Islamabad will continue its efforts to ease regional tensions, restore Middle East peace, and play a constructive role in regional affairs.

Key pre-market news for US stocks on Wednesday: 1. US Democrats retake control of Congress, putting the Trump administration under heavy pressure; Trump-linked stocks fell across the board. 2. US October ADP employment (the "small non-farm") rose by 86,000, beating market expectations. 3. US quarterly refinancing size set at $125 billion, in line with expectations. 4. US pre-market computing cloud sector plunged, with CoreWeave down 9.53%, amid rising anti-data center sentiment after the midterm elections. 5. Brent crude oil fell below the $100 per barrel threshold for the first time since October 8, down 3.60% on the day. 6. Super Micro Computer rose over 9% in pre-market trading, with Q1 revenue surging nearly threefold year-on-year to $19.9 billion. 7. Tesla fell more than 4% pre-market, weighed by Republican election losses and FSD complaints in South Korea. 8. Google plans to invest $15 billion to expand its data center operations in Malaysia. 9. Qualcomm signed a multi-year agreement with SpaceX to build tens of thousands of base stations for its 5G network. 10. Meta Platforms issued its first euro-denominated bond, drawing a record €53 billion in demand. 11. AMD rose over 7% in pre-market trading, with Q3 revenue of $13.38 billion, up 45% year-on-year.