Company Performance - Robinhood's third quarter results showed a remarkable increase, with sales up 100% and EPS up 259%, attributed to the leadership of co-founder and CEO Vlad Tenev [2] - The resurgence of Robinhood is linked to stock indexes reaching record highs, which has also benefited rival Coinbase during the crypto boom [3] Economic Context - Despite the boom in asset markets, not all households and non-financial services companies are experiencing growth; Chipotle's CEO noted a decline in purchases among young consumers [4] - Costco reported that uncertainties regarding SNAP benefits and the government shutdown are negatively impacting shopper behavior [4] Employment Trends - Job cuts in October reached 153,074, marking a 183% increase from September and the highest level for any October since 2003, indicating a troubling trend in employment [5] - The current year is on track to be the worst for layoffs since 2009, with insufficient hiring across companies contributing to this situation [5]

ICYMI: OKX now has all engines set to go in the USA. https://t.co/rWRrpbnYC3 ...

Ireland's central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist trans... ...

Core Insights - Bitget has fully integrated with the Morph Chain layer-2 blockchain, allowing users to trade assets directly from their Bitget wallets using USDT without swaps or bridging [1] - Morph is the first network to achieve full integration with Bitget Onchain, with Bitget transferring 440 million BGB tokens to the Morph Foundation, establishing BGB as the backbone token for the network [2] - The integration positions Morph as the native onchain home for the BGB token, which serves as both the gas and governance token [3] Expansion of Services - Bitget has launched an institutional financing program offering zero-interest loans up to two million USDT for qualified participants, running from Nov. 1, 2025, to Jan. 31, 2026 [4] - A major upgrade to Bitget Onchain was announced in September, enabling users to trade, stake, and manage millions of on-chain tokens directly from their Bitget spot account, with support for Ethereum, Solana, BSC, and Base [5]

🛡️Transparency. Accountability. Trust.Bybit’s 27th Proof of Reserves confirms over 100% coverage for all major assets.#Bybit #CryptoArk ...

Progress isn’t always visible in days,noticeable in weeks,but undeniable in years.Keep walking. 🌒 https://t.co/dEvDGWVxDCPoloniex Exchange (@Poloniex):https://t.co/WxbcsyS4iA ...

According to Bloomberg, Faruk Fatih Ozer, founder and former CEO of the defunct Turkish cryptocurrency exchange Thodex, has been found dead in his prison cell. Authorities are investigating the possibility of suicide. Ozer was sentenced to 11,196 years in prison in 2023 for fraud and other crimes. Thodex was founded in 2017 and collapsed in 2021, after which Ozer fled to Albania before being extradited back to Turkey. https://t.co/XcxK2Ftfyh ...

Industry News - The former chief executive of collapsed cryptocurrency exchange Thodex, Faruk Fatih Ozer, has reportedly died in prison [1] Legal & Regulatory - Faruk Fatih Ozer was found dead in his prison cell in Tekirdag, Turkey [1]

Core Insights - MEXC's Chief Strategy Officer, Cecilia Hsueh, publicly apologized to the crypto trader known as "The White Whale" and confirmed the release of over $3 million in frozen funds, marking a significant turnaround after months of controversy [1][3] - The apology represents MEXC's first public acknowledgment of mishandling the situation, which began when the trader's account was frozen under "risk control" protocols [3] Company Response and Reforms - Hsueh admitted that MEXC's rapid growth outpaced its internal infrastructure, leading to shortcomings in risk management, operations, and public relations [2] - The new CSO took responsibility for the miscommunication and committed to implementing leadership changes to enhance transparency and operational consistency [2] Trader's Reaction and Future Plans - "The White Whale" confirmed the release of his funds but expressed that the apology lacked clarity, particularly regarding implications of wrongdoing [3] - The trader announced plans to donate all recovered funds, with half allocated to early supporters through an NFT campaign and the remainder to verified non-profit organizations [4] - An airdrop claim mechanism and community voting system will be introduced soon, emphasizing fairness in treatment regardless of follower count [5]

Core Insights - Amazon shares reached an all-time high after reporting better-than-expected earnings, driven by growth in its Amazon Web Services (AWS) business and plans to enhance AI capabilities [1][4][8] Company Performance - Amazon's stock surged nearly 10% following the release of its third-quarter earnings, which exceeded expectations [4] - First Solar's shares increased over 14% despite its third-quarter earnings per share falling short of estimates; however, revenue surpassed expectations due to strong demand from U.S. solar project developers [5] - Coinbase Global reported quarterly sales and profit that exceeded forecasts, benefiting from increased trading volume and optimism regarding U.S. regulatory outlook for digital assets [6] - DexCom's shares fell nearly 15% after providing a cautious revenue forecast for 2026 and addressing quality issues with its G7 sensor [6][9] - Erie Indemnity's shares dropped 5.5% after reporting mixed third-quarter results, with earnings per share exceeding forecasts but revenue missing expectations due to underwriting losses from severe weather [10] Market Overview - Major U.S. equity indexes finished higher, with the Dow up 0.1%, S&P 500 up 0.3%, and Nasdaq up 0.6%, reflecting gains for the week and month [3] - The market was influenced by the Federal Reserve's recent rate cut and a trade truce between the U.S. and China [3]