The three major U.S. stock indices opened higher, with the Dow Jones Industrial Average rising by 0.80%, the S&P 500 increasing by 0.44%, and the Nasdaq Composite gaining 0.63%. Among popular tech stocks, Apple shares fell by 0.31%, NVIDIA shares rose by 1.48%, Microsoft shares increased by 0.32%, Alphabet (Google) shares were up by 0.99%, Amazon shares rose by 1.36%, TSMC shares increased by 1.42%, SpaceX shares surged by 2.2%, Tesla shares rose by 1.28%, Meta shares declined by 0.47%, Broadcom shares increased by 0.27%, SK Hynix shares rose by 2.46%, Micron Technology shares were up by 0.14%, AMD shares increased by 0.71%, ASML shares rose by 0.45%, Cisco shares increased by 0.23%, Oracle shares fell by 3.9%, Intel shares dropped by 1.22%, Dell Technologies Class C shares decreased by 0.5%, and ARM shares fell by 0.18%.
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U.S. Stock Indices Open Higher, Tech Stocks Generally Rebound
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Anthropic Reports 1127% Year-over-Year Revenue Growth in Q3, Claude Revenue Reaches $17 Billion
On November 2, Anthropic disclosed that for the three months ending September 30, 2026, the company's revenue increased by 1127% year-over-year, with its Claude business generating $17 billion in revenue. During the same period, the company's adjusted operating profit was $2.5 billion, with an adjusted operating margin of 15%; however, under accounting standards, the operating loss was $567 million. Additionally, as of September 30 and thereafter, the total committed expenditures under procurement commitments and lease agreements amounted to approximately $895.4 billion. -
BitMine Increases ETH Holdings by 8,573 Last Week, Total Holdings Reach Approximately 6.06 Million
Last week, BitMine increased its holdings by 8,573 Ethereum. As of November 1, 2026, its total Ethereum holdings reached 6,060,506, accounting for approximately 4.9% of the total Ethereum supply. Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $14.5 billion, which includes $498 million in cash and securities, 216 Bitcoin, $180 million in Beast Industries equity assets, and an investment of $82 million in Eightco Holdings (ORBS). Additionally, the amount of staked Ethereum is 5,227,037 (representing 86% of total holdings), valued at approximately $11.8 billion based on a price of $2,261 per ETH, with an annualized staking yield of about $358 million. -
Binance: Approximately 95% of Affected Assets from Security Incident Recovered
According to an announcement from Binance, the zero-knowledge proof (ZK Proof) for its proof of reserves (PoR) snapshot taken on October 31, 2026, at 00:00 (UTC) has been completed. Users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC can verify their balances through the Binance PoR verification tool to confirm that they have at least 1:1 reserve support. Binance stated that approximately 95% of the assets affected by this security incident have been recovered, while about 5% consists of tokens with relatively low liquidity outside the top ten, which will require more time to fully acquire. Binance plans to conduct a new round of snapshots covering more tokens on November 4, with the complete zero-knowledge proof expected to take about 40 to 50 hours to generate. Additionally, it plans to gradually restore more network and asset withdrawals starting tomorrow. Binance reiterated that the losses from the stolen funds will be borne by Binance, not the users. -
Melius Research Lowers NVIDIA Target Price from $420 to $315
On November 2, Melius Research announced that it has lowered the target price for NVIDIA (NVDA.O) from $420 to $315. The target price for Marvell Technology (MRVL.O) has also been reduced from $445 to $300. -
Marvell to Acquire Lumentum through Stock Transaction
On November 2, Marvell will acquire Lumentum through a stock transaction, with a merger valued at $1,132 per share. -
Coinbase CEO: Corporate Treasury BTC Holdings Surpass 18,000 Milestone
On November 2, Coinbase CEO Brian Armstrong posted a message congratulating Bitcoin on its 18th anniversary, revealing that the corporate treasury investment has reached a total of 18,000 BTC. This asset is part of the company's own capital allocation and does not include user custody assets. -
OpenAI's Latest Funding Falls Short of $30 Billion Target
On November 2, OpenAI sought $20 billion in new funding. The latest funding round did not reach the previously set target of $30 billion. -
Hong Kong Stock Exchange Extends After-Hours Trading Period for Derivatives
On November 2, the Hong Kong Stock Exchange will extend the after-hours trading period for derivatives. Starting from March 2027, the closing time for after-hours trading will be extended from the current 3:00 AM to 4:15 AM. Based on the market development during the extended after-hours trading period, the exchange will consider further extending the closing time to 5:15 AM in November 2027. With the new arrangement, the closing time for after-hours trading will be extended to 4:15 AM, allowing market participants to manage risks flexibly in response to external market conditions outside of Hong Kong's daytime trading hours. -
Key Events and Data Forecast This Week: US Midterm Elections, Non-Farm Payrolls, China's Foreign Reserves
On November 2, the key events and data forecast for this week are as follows: 1. Monday: ① Data: China's October RatingDog Manufacturing PMI; Switzerland's September actual retail sales year-on-year; final values of October Manufacturing PMI for France, Germany, Eurozone, and the UK; final values of October S&P Global Manufacturing PMI for the US; October ISM Manufacturing PMI for the US; September construction spending month-on-month for the US; ② Events: Today, there are $1 trillion in overnight reverse repos and 56 billion yuan in 7-day reverse repos maturing. ③ Earnings Reports: Apple (AAPL.O), Palantir (PLTR.N), etc. 2. Tuesday: ① Data: Reserve Bank of Australia's interest rate decision as of November 3; Switzerland's October CPI month-on-month; September JOLTs job openings in the US; September factory orders month-on-month in the US; ② Events: The Reserve Bank of Australia announces its interest rate decision and monetary policy statement, with Chairman Lowe holding a monetary policy press conference; 2027 FOMC voting member and Chicago Fed President Goolsbee speaks; speeches by ECB Governing Council members Lagarde, Müller, Kocher, and others; 2026 US midterm elections; ③ Holiday: Tokyo Stock Exchange in Japan closed for Culture Day; ④ Earnings Reports: Pfizer (PFE.N), AMD (AMD.O), BioNTech SE (BNTX.O), etc. 3. Wednesday: ① Data: US weekly API crude oil inventories; China's October RatingDog Services PMI; final values of October Services PMI for France, Germany, Eurozone, and the UK; preliminary values of October CPI for the Eurozone; October ADP employment numbers for the US; September trade balance for the US; final values of October S&P Global Services PMI for the US; October ISM Non-Manufacturing PMI for the US; US weekly EIA crude oil inventories, weekly EIA Oklahoma Cushing crude oil inventories, and weekly EIA Strategic Petroleum Reserve inventories; ② Events: ECB Governing Council member Nagel and Chief Economist Lane speak; US Treasury releases quarterly refinancing announcement; the 24th China Semiconductor Packaging and Testing Technology and Market Annual Conference will be held from November 4-6 at the Fengda International Hotel in Nanjing; ③ Earnings Reports: Qualcomm (QCOM.O), Arm (ARM.O), Uber (UBER.N), McDonald's (MCD.N), etc. 4. Thursday: ① Data: France's September industrial production month-on-month; Switzerland's October seasonally adjusted unemployment rate; Eurozone's September PPI month-on-month; October Challenger job cuts in the US; Bank of England interest rate decision as of November 5; initial jobless claims in the US for the week ending October 31; October Global Supply Chain Pressure Index for the US; US weekly EIA natural gas inventories; ② Events: Bank of Japan releases minutes from September monetary policy meeting; speeches by ECB Governing Council members Müller and Executive Board member Schnabel; Bank of England releases interest rate decision, meeting minutes, and monetary policy report, with Governor Bailey holding a monetary policy press conference; Swiss National Bank President Jordan speaks; 2026 FOMC voting member and Cleveland Fed President Mester speaks on stablecoins and safe-haven currency exchange rates; 2027 FOMC voting member... -
Iranian Foreign Minister Reveals 'Two-Day Plan' for US Compliance to Restart Iran-US Negotiations
On November 1, local time, Iranian Foreign Minister Amir-Abdollahian stated in a media interview that the Iranian delegation's visit to Qatar is a continuation of ongoing communication with mediators such as Qatar and Pakistan. Currently, the proposal on the table is essentially the same as Iran's previously proposed 'seven-day plan.' Qatar, Pakistan, and other mediators have conducted multiple consultations and discussions on this, suggesting alternatives that are more feasible and operational than Iran's 'seven-day plan.' Amir-Abdollahian mentioned that one of Qatar's suggestions is to shorten the seven-day deadline to five days or even less. At present, Iran agrees to a 'two-day plan,' which entails: on the first day, the United States will take a series of compliance measures. On the second day, the Strait of Hormuz will reopen, and maritime traffic will return to its previous state. Amir-Abdollahian pointed out that all these issues are now on the table, and as long as the US adheres to Iran's two-day plan, it can pave the way for peace and restore normalcy in the Strait of Hormuz. The path for negotiations between Iran and the US will only open after the US fulfills its commitments and the Strait of Hormuz is reopened. It is understood that the conditions Iran has set for US compliance include: establishing new shipping routes in the Strait of Hormuz, unfreezing Iranian funds, ending regional conflicts including those in Lebanon, lifting maritime blockades, granting exemptions for Iranian oil exports, and rescinding new sanctions imposed by the US after the Islamabad Memorandum.
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