Riot sold over 20,000 BTC in the first three quarters, cashing out $1.5 billion to fund data center construction.

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.

According to data from the BIT Stock Platform, Circle’s US-listed stock turned from gains to losses in pre-market trading, now down 3.18% at $72.83, after earlier rising 3.72%. Its financial results show total revenue and reserve income for Q3 2026 reached $865 million, up 17% year-over-year; net profit from continuing operations was $226 million, up 5% year-over-year; adjusted EBITDA stood at $317 million, up 85% year-over-year. By segment, reserve income came to $658 million, down 8% year-over-year; other income was $207 million, up 627% year-over-year, with $182 million derived from ARC token presales. In Q3, average circulating supply of USDC hit $733 billion, up 8% year-over-year; on-chain trading volume reached $13.9 trillion, up 49% year-over-year; ending USDC market share was 27%, and the number of wallets holding over $10 in USDC reached 7.3 million, up 16% year-over-year. The company has cut roughly 5% of its workforce.