Circle’s shares are down sharply in pre-market trading, now falling more than 3% after earlier rising 3.72%.

US 'small non-farm' ADP employment came in higher than expected: October's ADP employment figure stood at 86,000, against a forecast of 69,000, and the prior reading was 90,000.

According to data from the BIT Stock Platform, the U.S. pre-market computing cloud sector saw sharp declines, with Oracle down 4.83%, CoreWeave falling 9.53%, Nebius dropping 6.77%, IREN decreasing 7.69%, and Applied Digital declining 7.24%. On the news front, the Democratic Party secured a major victory in the U.S. midterm elections, as multiple candidates who explicitly oppose data center expansion won gubernatorial races, sparking market concerns over a slowdown in U.S. AI infrastructure investment. Asian chip stocks came under pressure on Wednesday, with firms including Samsung Electronics and SK Hynix facing potential risks to demand for server DRAM and high-bandwidth memory (HBM). Opposition to data centers mainly focuses on issues like noise, water consumption, energy use, and surging residential electricity costs. Markets worry that local governments may tighten project approvals citing power supply, environmental protection, and AI safety, leading to delays in new data center projects. However, analysts argue that regulation may not directly cause a contraction in investment scale, and tech companies may instead shift to self-built power and supporting infrastructure.

According to data from the BIT Stock Platform, AMD (AMD.O) shares fell 1.2% in pre-market trading, erasing a previous gain of up to 8.1%.

North Korean hacking group TraderTraitor is using decentralized cross-chain protocol THORChain to launder proceeds from the $6.3 billion Binance hack, converting Ethereum (ETH) to Bitcoin (BTC) and pushing THORChain’s native token RUNE up nearly 10% in the past 24 hours. Attackers first split the stolen Solana (SOL) across multiple wallets, converted it to USDC, and bridged it to the Ethereum network, then purchased ETH before swapping it to BTC via THORChain. Earlier, the attackers had already transferred some funds from the Tron network to THORChain. On-chain investigator SomaXBT estimates that as of November 1, the attackers had swapped roughly $48.3 million via the protocol, receiving around $42.7 million net, with fees and slippage accounting for approximately 12% of the total amount. The U.S. FBI has attributed the October 29 Binance hack to TraderTraitor, and is calling on THORChain node operators and other crypto service providers to block related addresses and funds. Since BTC and ETH cannot be frozen by their issuers like USDT and USDC, cross-chain swaps have complicated efforts to recover the stolen funds. Binance said Tuesday it has frozen approximately $2.85 billion in stolen funds and covered around 98% of affected tokens using its own reserves. On-chain analytics firm Elliptic notes that the stolen funds are currently mostly being moved between various addresses, likely not yet cashed out on a large scale, and the attackers may later liquidate the funds in batches via over-the-counter (OTC) trading channels.

According to data from BIT Stock Platform, Nasdaq 100 Index futures in the US stock market have given up their earlier gains and turned negative, while NVIDIA (NVDA.O) fell 1.1% in pre-market trading.

Bitcoin miner and data center developer Riot Platforms has released its Q3 2026 financial results. Total revenue for the period reached $181 million, up 1% year-over-year; net profit stood at $4.03 million, compared to $104 million in the same period last year; adjusted EBITDA was $191 million, down from $197 million in the year-ago quarter. By business segment: Bitcoin mining revenue hit $116 million, lower than the $161 million recorded in the same period last year; data center revenue came to $18.4 million, including $7.7 million in base rental income; engineering business revenue reached $47 million, up around 146% year-over-year. In Q3, Riot mined a total of 1,637 BTC, up 16% year-over-year, with per-unit Bitcoin mining cost falling to $39,265. As of September 30, Riot held 2,418 BTC valued at approximately $202 million, plus total cash and restricted cash of $748 million. For the first three quarters of this year, the company sold a cumulative 20,264 BTC, generating around $1.5 billion in proceeds, which was mainly used for data center construction. Additionally, Riot has fully repaid and terminated its $200 million credit line with Coinbase, and released all pledged BTC.