US Stock Futures Dive Further

The week of November 2 to 8 will bring a slew of major events to global markets. Key focus points include the U.S. midterm elections, Apple and AMD earnings reports, and October non-farm payroll data. Also worth monitoring are the Bank of England and Reserve Bank of Australia interest rate decisions, Israel’s parliamentary election results, and progress in Russia-U.S.-Ukraine trilateral talks. In the tech sector, Apple and AMD will release their latest earnings, a critical test for AI trading confidence that has taken a hit recently. Apple is projected to post around $113 billion in revenue, marking its first earnings report under new CEO Tim Cook. AMD is expected to generate roughly $13 billion in revenue, with progress on its Helios racks and MI450 chips drawing close attention. Other companies reporting earnings include Qualcomm, Supermicro, Coherent, Lumentum, and Berkshire Hathaway. Separately, Marvell is reportedly in acquisition talks for Lumentum, with an announcement possibly coming as early as this week. Apple’s test of integrating Alibaba’s Qianwen AI into its smart products is scheduled to launch on November 4. Geopolitically, the November 3 U.S. midterm elections will see all 435 House seats and 35 Senate seats up for election. The results will shape the Trump administration’s policy space for fiscal, tariff, and industrial policies over the next two years. Final results of Israel’s parliamentary election are due on November 4, while Russia-U.S.-Ukraine trilateral talks are set to resume in Abu Dhabi this week. On the macro front, the U.S. October non-farm payroll report will be released. September’s non-farm payrolls added just 29,000 jobs, and markets are forecasting 65,000 new jobs in October. A strong jobs report could further cement market expectations for a Federal Reserve interest rate hike in December, and impact the trends of the U.S. dollar, U.S. Treasuries, and gold.

Solana Mobile has announced that a malicious third-party app named "SKR Claim" was recently submitted to the Solana dApp Store. Due to unauthorized access to the dApp publishing portal, the interface content of the app's recommendation and task pages was tampered with. The malicious app prompted users to input their wallet mnemonics, and was taken down roughly an hour after going live on the store's recommendation page. Currently, the team is removing the app from devices where it has been installed. Solana Mobile added that following an investigation, the team identified and patched a vulnerability that could lead to apps not yet completing the publishing process being incorrectly associated and displayed, to prevent similar incidents from recurring. The official also reminded users that the Solana Mobile team will never request wallet mnemonics or cryptocurrency, nor will it require users to connect their wallets to other apps or websites to claim airdrops.

According to Bitget market data, spot silver has returned to $50 per ounce, with an intraday gain of 1.78%.

According to Bitget's market data, South Korea's KOSPI index rose 1.00% intraday.

According to monitoring by on-chain analytics firm Onchain Lens, Binance transferred approximately 21,750 Bitcoin (BTC) from cold wallets to hot wallets, valued at around $1.69 billion. The fund transfer may be linked to the exchange’s preparation to cover user losses, though the specific purpose has not been officially confirmed.

According to a notification from the U.S. Secret Service, the agency is still investigating the theft of more than $6 billion in cryptocurrency from Binance. Within minutes of the incident, Secret Service investigators collaborated with industry partners to identify and freeze a large portion of the stolen crypto. The Secret Service noted that the investigation remains ongoing, with participating agencies including the Federal Bureau of Investigation (FBI), the Criminal Investigation Division of the Internal Revenue Service (IRS), and relevant departments of the U.S. Department of Justice.