The Fed's probability of a 25-basis-point hike in December is 81.5%

BTC price is $80,643.95, up 3.68% in the last 24 hours.

ETH price is $2,434.76, up 6.30% in the last 24 hours.

XRP price is $1.311, up 2.49% in the last 24 hours.

BNB price is $721.68, up 3.07% in the last 24 hours.

SOL price is $95.995, up 2.71% in the last 24 hours.

TRX price is $0.31966, down 0.81% in the last 24 hours.

DOGE price is $0.07753, up 2.68% in the last 24 hours.

HYPE price is $84.148, down 1.75% in the last 24 hours.

The probability of the Federal Reserve raising interest rates by 25 basis points in December is 81.5%.

CoinDesk reports that, according to CME's "FedWatch" data, the probability of the Federal Reserve raising interest rates by 25 basis points in December is 81.5%, while the probability of maintaining the current rate is 18.5%. By January next year, the probability of holding rates steady is 14.2%, the probability of a cumulative 25-basis-point hike is 67.1%, and the probability of a cumulative 50-basis-point hike is 18.7%.

Tenspresso: A startup founded by former Google AI chip engineers is raising $500 million.

According to BiJieWang, Tenspresso, an AI chip startup founded just three months ago by former Google AI chip engineers, is currently negotiating to raise funds at a $500 million valuation. The startup recently secured $20 million in funding from Striker Venture Partners, and its website still lists it as being in stealth mode. Altimeter Capital has also approached the company for additional investment, according to Bloomberg.

Ionic Digital announces Q3 2026 financial results: Revenue up 32% year-over-year

According to CoinDesk, Bitcoin mining company Ionic Digital (NASDAQ: IOND) released its third-quarter 2026 financial results, reporting total revenue of $48.9 million, a 32% year-over-year increase, with net profit of $17.4 million and adjusted EBITDA of approximately $35 million. Of this, revenue from AI data center infrastructure leasing reached $43.9 million, accounting for nearly 90% of total revenue; however, cash rent received during the quarter amounted to only about $7 million. Mining revenue declined 86% year-over-year to $5.1 million. The company currently holds approximately $628 million in cash and Bitcoin, with no outstanding debt, and plans to offer an additional 499 MW of power capacity to potential customers, with some expansion projects still pending regulatory approval.

Meta issues €9 billion in bonds

According to CoinDesk, Meta Platforms (META.O) issued €9 billion in senior bonds on November 4, divided into six tranches with maturities ranging from 2031 to 2065 and coupon rates between 4.30% and 6.40%. The bonds have been rated Aa3 (stable) by Moody’s and AA- (negative) by S&P, with Citigroup and Morgan Stanley serving as joint lead underwriters.

The U.S. Dollar Index fell on the 4th.

CoinDesk reports that the U.S. Dollar Index fell 0.3% on November 4, closing at 101.566 in the final hours of the foreign exchange market. At the close of trading in New York, one euro exchanged for $1.1223, up from $1.1190 in the previous session; one British pound exchanged for $1.3468, up from $1.3415; one U.S. dollar exchanged for 158.49 Japanese yen, down from 158.73 yen; one U.S. dollar exchanged for 0.8172 Swiss francs, down from 0.8209 francs; one U.S. dollar exchanged for 1.3972 Canadian dollars, down from 1.4003 dollars; and one U.S. dollar exchanged for 9.7435 Swedish kronor, down from 9.7940 kronor.

American Bitcoin reported a net profit of $126 million in the third quarter, ending a streak of consecutive losses.

CoinDesk reports, according to Bloomberg, American Bitcoin, a bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., reported a net profit of $126 million for the third quarter, ending three consecutive quarters of losses, including $197 million in pre-tax gains from digital assets. Third-quarter revenue amounted to $63.4 million, down from $67 million in the second quarter. During the same period, the price of bitcoin rose 43%, boosting the company’s digital asset valuations. Despite achieving accounting profitability, American Bitcoin’s stock fell 5.6% to $6.24 on November 4, with a cumulative decline of over 90% over the past year. Markets are now closely watching for potential further congressional scrutiny of companies affiliated with the Trump family.

JPMorgan has included Bitcoin in its long-term capital market assumptions for 2027.

CoinDesk reports that JPMorgan has included Bitcoin in its 2027 long-term capital market assumptions, forecasting an annualized return of 10%.

The Bank of New York Mellon ETF Trust II plans to consolidate multiple investment subsidiaries.

CoinDesk reports that BNY Mellon ETF Trust II plans to consolidate several of its U.S. investment subsidiaries effective January 1, 2027. The information comes from a filing submitted to the U.S. Securities and Exchange Commission (SEC).

Applied Optoelectronics applies for an incremental loan commitment of up to $50 million.

According to SEC filings, Applied Optoelectronics Inc. has the right to request incremental term loan commitments of up to $50 million under the relevant agreement framework.

Fly-E Group Inc. faces a $5 million promissory note complaint

CoinDesk reports that Fly-E Group Inc. has received a complaint related to a $5 million revolving promissory note and loan agreement signed on August 5, 2024. According to SEC filings, this matter has now been formally disclosed.

NETGEAR Inc.: High component costs in the fourth quarter are expected to continue pressuring consumer business margins.

According to CoinDesk, NETGEAR Inc. expects high component costs in the fourth quarter to continue pressuring margins in its consumer business.

Netgear: Revenue outlook constrained by manufacturing and go-to-market timing

According to CoinDesk, Netgear stated that its recent revenue outlook remains constrained by manufacturing output and product launch timing, with this situation expected to persist until the first quarter of 2027.

Revolution Medicines reaffirms its FY2026 GAAP operating expense guidance.

CoinDesk reports that Revolution Medicines, Inc. reaffirmed its GAAP operating expense guidance for fiscal year 2026, with the expected range remaining at $2.1 billion to $2.2 billion.

Trump said he can cooperate with Democrats on many issues, but ruled out eliminating tariffs.

CoinDesk reports that on Wednesday, President Trump stated that in the next Congress, he could collaborate with Democrats, who hold the majority, on “far more issues than people realize,” including “fiscal proposals beneficial to both sides.” In an interview with CNBC, Trump said, “I cannot work with them on open borders; I cannot work with them on allowing males to participate in women’s sports.” Regarding the possibility of eliminating tariffs, Trump insisted that if tariffs were removed, the 3,000 factories currently under construction would have to halt their development. Trump previously said he was willing to accept the results of the midterm elections, but claimed that if his name had been on the ballot, Republicans would have won “by a landslide.”

Snap expects revenue of $1.95 billion to $1.99 billion for the fourth fiscal quarter.

According to CoinDesk, Snap expects fourth-quarter revenue to range between $1.95 billion and $1.99 billion, with an estimate of $1.96 billion. Adjusted EBITDA is expected to be between $490 million and $525 million, with an estimate of $504.7 million. Snap's third-quarter revenue was $1.72 billion, up 14% year-over-year, compared to an estimate of $1.73 billion. European revenue was $362.9 million, up 22% year-over-year, compared to an estimate of $369.9 million. Revenue from other regions was $345.3 million, up 11% year-over-year, compared to an estimate of $362.8 million. Adjusted EBITDA was $382.6 million, compared to $182.0 million in the same period last year, with an estimate of $338.1 million. Daily active users totaled 500 million, up 3.8% year-over-year, matching the estimate of 500 million. Average revenue per user was $3.48, up 10% year-over-year, compared to an estimate of $3.45. Free cash flow was $164.5 million, up 76% year-over-year, compared to an estimate of $158 million.