US pre-market trading shows widening declines across semiconductor, storage, optical communication, and crypto-themed sectors; Sandisk, Western Digital, and Seagate all drop more than 5%.

According to data from the BIT Stock Platform, Qualcomm (QCOM) saw its pre-market shares fall more than 12% at one point, and are now down 11% at $154.4. The decline is mainly driven by negative factors from its Q4 2026 fiscal year earnings report and guidance released on November 4. Mobile chip revenue in Q4 2026 plummeted 26% year-on-year to $5.14 billion, missing market expectations. Additionally, rising memory and wafer costs due to AI data center demand significantly pressured margins: QCT’s pre-tax margin dropped from 29% to around 24%. While the company has implemented price hikes, full benefits will not materialize until the second half of fiscal 2027. Meanwhile, the midpoint of Qualcomm’s Q1 2027 fiscal year Non-GAAP EPS guidance ($2.15–$2.35) is below market expectations. Apple’s self-developed baseband chips continue to erode its revenue, and the company forecasts the overall mobile phone market will stay flat in 2027. Though new businesses such as automotive and data centers are growing strongly, they are not yet sufficient to fully offset the decline in core operations, leading multiple institutions to cut Qualcomm’s price targets.

GoPlus Security has issued a security alert noting that security organization SEAL has recently reported multiple incidents of asset losses among iOS self-custody wallet users, impacting several individuals. The alert advises users to update their iPhones to the latest iOS version promptly and verify if any malicious apps are installed on their devices. Between October 28 and November 3, six related reports were received, with total losses reaching roughly $127,000. In the preceding week, four reports were filed, leading to losses of approximately $434,000. The attacks are suspected to be tied to iOS vulnerability exploitation tools for wallet applications, including DarkSword and Coruna, with victims primarily from regions such as Russia, Ukraine, and Kazakhstan.

In 2026, FOMC voting member Harker will deliver a speech on stablecoins and safe-haven currency exchange rates. He stated that monetary policy needs to shift to a restrictive stance, noting that inflation has remained too high and is moving in the wrong direction, and gradual interest rate hikes cause less disruption to the economy and financial system. Harker also emphasized that the U.S. dollar remains the world's top reserve currency, adding that it is hard to envision the dollar losing its reserve currency status. He further pointed out that the independence of the U.S. central bank is critical to bringing inflation down to the 2% target, and favors frequent, small-scale interest rate adjustments.

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.