Today's Highlights
1. FungoLabs to Launch Genesis NFT Mint on November 5
2. Fungo Genesis NFT Mint to Use Encrypted Sealed-Bid Auction
3. 500 Free Whitelist NFTs Followed by 2,500 NFTs in Auction
4. Bids Will Be Submitted in Confidential $cZAMA
5. NFTs to Be Minted Sealed with Private Viewing Controls
Macro News
Democrats Projected to Win Congress, Crypto-Friendly Committees at Risk
Democrats are projected to secure Senate and House majorities following Tuesday's midterm elections, putting the party in control of Congress's legislative agenda next year. This shift could impact crypto-friendly committees and slow the progress of favorable legislation for the industry.
U.S. Midterm Election Results Add Uncertainty to Crypto Regulatory Outlook
The preliminary results of the U.S. midterm elections show Democratic gains, which may lead to a more cautious regulatory environment for the crypto industry. Bitcoin briefly dipped below $77,000 as investors assessed the potential impact on crypto legislation.
Bitcoin Spot ETFs See $116M Net Outflow on Nov 3, Marking Third Consecutive Day of Outflows
Bitcoin spot ETFs recorded a total net outflow of $116 million on November 3, with BlackRock's IBIT leading the exit with $95 million. This marks the third consecutive day of outflows, indicating investor caution in the current market climate.
Ethereum Spot ETFs Record $85.3M Net Outflow on Nov 3, Sustained 7-Day Outflow
Ethereum spot ETFs saw a net outflow of $85.3 million on November 3, with BlackRock's ETHA leading with a $74.4 million outflow. This continues a 7-day trend of outflows, reflecting ongoing uncertainty in the market.
Hong Kong to Establish Licensing Regime for Virtual Asset Activities, Legislative Draft to Be Submitted by 2026
Hong Kong is planning to establish a licensing regime for virtual asset activities, including trading, custody, advisory, and management. The legislative draft is expected to be submitted to the Legislative Council by 2026, signaling a more structured regulatory approach.
Industry Hotspots
FungoLabs to Launch Genesis NFT Mint with Encrypted Bidding Mechanism
FungoLabs is set to launch its Genesis NFT mint on November 5, using Zama’s FHE technology for encrypted sealed-bid auctions. The process ensures bid confidentiality and introduces a novel approach to NFT sales.
Societe Generale Accepts $10M Tokenized U.S. Treasuries as Collateral on Canton Network
Societe Generale has accepted $10 million in tokenized U.S. Treasuries as collateral on the Canton Network. This marks a significant step in the adoption of tokenized assets in traditional finance, demonstrating their viability as collateral.
OAK Research: Stablecoin Earnings Not Flowing to Public Chains
OAK Research reported that stablecoin earnings have not been flowing to public chains despite the massive growth in stablecoin supply. Tether and Circle earned $21 million in Q3 2026, while public chains collectively earned only $28.5 million in fees.
Sherrod Brown Defeats Jon Husted in Ohio Senate Race, Setback for Crypto PAC Fairshake
Sherrod Brown defeated Jon Husted in the Ohio Senate race, a loss for the crypto industry's largest political action committee, Fairshake. Husted was backed by crypto interests and his defeat signals a potential shift in political support for the sector.
OpenAI and Anthropic CEOs Debate AI's Role in Human Future
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have publicly debated the role of AI in shaping the future. Altman emphasized the need for human control over AI development, while Amodei's earlier writings suggest a more cautious approach to AI's influence.
KOL and Institutions
@HyperliquidX
POPULAR BLOCKCHAINS BY REVENUE IN OCTOBER: Hyperliquid leads with $88.0M in trading fees, followed by Canton Network at $47.0M and Tron at $24.9M. Ethereum's fees rose 44% from September to $22.9M.
@elonmusk
What’s the probability that Elon actually promotes the Solana memecoin Super Inu? Extremely low. He previously stated “No more AI, SI is better,” referring to Super Intelligence.
@kyc_rip
: CEX Price $630.40, Street Price $634.68, Premium +0.68%. 31,297 TXs in 24H, 72.3% Privacy Nodes, 9,334.80 XMR in P2P Liquidity.
@RealVision
China's AI stock index has nearly halved since July. The STAR 50 fell another 3.8% today, with some of its biggest AI names down 50 to 70% from highs. Is China a warning for US AI stocks, or just a market correction?
@greenchartulm
Market Overview (24h): BTC +0.96%, ETH +2.01%, SOL +2.20%, XRP +2.45%, DOGE +2.18%, ADA +1.66%, AVAX +3.19%. Major assets show positive momentum despite macroeconomic uncertainty.
@13F_Pro
Form 144: Corvex Management LP plans to sell $87.2M of Illumina shares, Ryps, LLC to sell $59.4M of Ryerson Holding, and others to sell millions in Carvana and Dutch Bros.
@FirstSquawk
AMD CEO says PC market unit shipments to decline double-digits in 2027, while expecting strong double-digit growth in its embedded business. CFO sees Q4 non-GAAP operating expenses of about $3.75B.
@Apple
Daily Market Brief | Nov 3: Wall Street split on Election Day. Nasdaq up +0.83%, Apple dragged the Dow -0.38%. S&P 500 +0.36%, Russell 2000 +0.27%. VIX elevated at 20.80.
@crypt_shprd
$AMD is at a decision point. Earnings drop tonight after the close. The stock lost the $502.28 pivot yesterday and closed at $466.84, down 7.5%. A strong close today keeps the bullish scenario alive.
@InsiderFinancex
$SPY’s biggest print was a $488.37M sweep at $754.41. Options closed -$627.4M net. Dark pool: $2.78B notional, Buy +99%. Watch level: $760.54; above it calls regain control, below it, risk of further decline.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.