New Wallet Turns $1M Daily Profit Into 5x Long on 28.88M $W at $643K

According to data from the BIT Stock Platform, the three major U.S. stock indexes opened higher and trended upward: the Dow Jones Industrial Average rose 1.64%, the S&P 500 gained 1.86%, and the Nasdaq 100 increased by 2.66%. Leading tech stocks and AI-related concepts saw their intraday gains expand, with SPCX up 5.67%, TSLA up 5.46%, GOOGL up 3.37%, ORCL up 2.54%, AAPL up 2.35%, COHR up 9.82%, LITE up 10.57%, MRVL up 6.8%, STX up 6.51%, WDC up 7.76%, SNDK up 5.51%, and MU up 3.54%. Nvidia (NVDA) fell 4.05% amid negative news, while its direct competitor AMD rose 9.62% intraday.

U.S. President Donald Trump posted on social media, questioning the legitimacy of the midterm elections, claiming irregularities in early voting and voting machines. He also questioned why there was such a large discrepancy between election polls and the final results, but provided no evidence of fraud.

Coinbase announced on social media that eligible corporate clients of PNC can now receive USDC payments, with the funds credited to their PNC accounts in U.S. dollars. Coinbase summarized the development as “Receive USDC, deposit USD”. Earlier, Coinbase Developer Platform noted that PNC’s corporate and institutional customers can now accept USDC payments, which are automatically converted to U.S. dollars via Coinbase Payment APIs, then transferred to PNC via bank wire and posted as standard bank deposits. The platform added that this is building infrastructure for stablecoin adoption.

According to official announcements, TRON DAO has announced that the TRON network has completed integration with Backpack Wallet. Backpack users can send, receive, cross-chain bridge, and manage TRON-based digital assets (including TRC-20 USDT) via the wallet's mobile app and browser extension, while retaining full self-custody. Users can also bridge assets between TRON and other supported blockchains, browse TRON ecosystem decentralized applications including Sun.io, and manage TRON assets and holdings on other supported networks within the same multi-chain wallet.

According to a report from The Block, prediction market broker River Markets announced that its affiliate River Finance LLC has registered as a Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC) and joined the National Futures Association (NFA), enabling it to hold client accounts and process client funds. The firm is building a prime brokerage platform for prediction markets, designed to let institutional traders manage capital, positions, and risk across multiple trading platforms and clearinghouses via a single account, with plans to support financing arrangements and approved over-the-counter (OTC) trades. Oscar Levy, co-founder and chief executive of River Markets, stated in a release that access to event contracts alone is insufficient: institutions entering this market need to deploy capital efficiently around the clock and manage risk across trading platforms, which is exactly the brokerage model the company is developing. Founded in May this year, River Markets serves clients including hedge funds, sports funds, proprietary trading firms, and event risk hedging enterprises. The company says it has routed over 250 million contracts and secured backing from top-tier venture capital firms after closing an $8.5 million seed round. The Block also reported that combined trading volume for Kalshi, Polymarket’s U.S. platform, and Polymarket’s international platform exceeded $500 billion in October.

Morgan Stanley’s Chief U.S. Equity Strategist Mike Wilson believes the market correction is entering its final stage, which could lay the groundwork for a year-end rebound. Wilson forecasts the S&P 500 will first approach its 7,100–7,300 downside range before bottoming, while retaining his year-end target of 8,000. However, the firm advises investors to wait before buying the dip, as market breadth remains weak and concerns over AI infrastructure financing persist.