UBS expects the Bank of England's terminal interest rate to rise to 4.25%.

BitFuFu released its operating data for October 2026, reporting a production of 137 Bitcoins that month, with 70 from cloud mining and 67 from self-mining, averaging 4.4 Bitcoins per day. Production decreased by approximately 18% month-over-month, primarily due to an approximately 11.8% increase in the Bitcoin network mining difficulty during October. As of October 31, BitFuFu held 1454 Bitcoins, a 4.8% increase month-over-month. BitFuFu manages a total hashrate of 19.5 EH/s, of which 3.7 EH/s is its own hashrate and 15.8 EH/s comes from third-party suppliers and hosting clients. The average energy efficiency of its mining machines has improved from 16.7 J/TH in September to 16.3 J/TH, and it manages a power capacity of 317 MW.

Bitcoin treasury company Strive released its Q3 2026 financial results, reporting total revenue of $2.696 million, a 74.7% year-over-year increase, and net income of $509 million, compared to a net loss of approximately $207 million in the same period last year. The net income primarily came from $534 million in unrealized Bitcoin gains. During the quarter, the company terminated a medical device development project, recognizing a $14.65 million impairment charge. As of September 30, cash and cash equivalents totaled $285 million. Strive purchased 8,136 Bitcoins at an average price of $78,885 in the third quarter, and held 28,000 Bitcoins as of September 30, with a fair value of approximately $2.34 billion. In terms of financing, in the third quarter, the company raised $272 million by selling 14.4 million Class A ordinary shares through the ATM program and $511 million by selling 5.1 million SATA preferred shares; on October 20, it completed a public offering of 7 million SATS preferred shares, raising net proceeds of approximately $609 million.

Hypercall, an on-chain options platform based on Hyperliquid, is expected to launch pre-IPO options linked to Anthropic on November 9. This option is a synthetic cash-settled derivative; traders do not hold actual shares in Anthropic and do not have voting rights. The platform supports combined strategies including call and put options and spreads, offers 24/7 trading and supports small splits, but is not available to US users. (Source: The Block)

US President Donald Trump met with his national security team on Thursday to discuss the possibility of resuming military action against Iran. The White House held similar meetings on Wednesday and Thursday. During the meeting, officials mentioned that November 9th was a new moon night in the Middle East, with moonless conditions favorable for military operations. U.S. Central Command is completing preparations to prepare for a possible resumption of large-scale military action against Iran, but has not yet received new instructions from Washington. (Source: Fox News)

Coinbase CEO Brian Armstrong stated on the X platform that stablecoins enable global users to hold US dollars and other major fiat currencies and make instant transfers to anywhere in the world at a cost of less than one cent.