[Brad Garlinghouse: Pro-crypto Candidates Win in Both Parties, Industry Will Continue to Grow in the US] Ripple CEO Brad Garlinghouse stated that pro-crypto candidates won in both parties, the 67 million crypto-using Americans will not leave, and the new Congress should continue the mission of clear rules and building in the US. A report released on May 13 by the National Cryptocurrency Association (NCA) showed that approximately one-quarter of American adults hold crypto assets. Ripple Chief Legal Officer Stuart Alderoty attributed the victory to the involvement of the super PAC Fairshake and grassroots organizations, and looks forward to working with both parties. Ripple previously invested an additional $25 million in Fairshake in November 2024. (Source: Bitcoin.com News)

Upbit to end HBD trading support. Upbit has announced that it will end trading support for the HBD token.

In a report released on November 5, Goldman Sachs analysts Lena Thomas and Dan Struvevin lowered their year-end 2026 gold price forecast to $4,150 per ounce from $4,650, and their year-end 2027 target price to $4,800 from $5,400. Goldman Sachs expects central banks to continue buying gold in large quantities, with concerns about the safety of foreign exchange reserves persisting, and declining US interest rates providing support for gold prices. Stephen Innes interprets this as follows: Central banks around the world continue to increase their gold holdings, but the Federal Reserve's continued restrictive monetary policy has weakened the purchasing willingness of private investors, especially speculative funds relying on leverage and options trading. In the gold market, leveraged funds are no longer willing to follow central banks in buying regardless of the costs.

The pro-crypto camp won 228 seats in the House of Representatives and 19 seats in the Senate. Fairshake plans to continue supporting pro-crypto candidates in the 2028 election. Ripple co-founder Chris Larsen donated $4 million to former Senator Sherrod Brown's campaign. As of the first quarter of 2026, the crypto industry had spent approximately $189 million on political action committees (PACs) during the current midterm election cycle, up from $119 million in the 2024 election cycle. A super PAC focused on the AI industry invested $72.3 million. (Source: Bloomberg)

From the opening of the US stock market last night until noon today, 83 addresses on Hyperliquid reduced or liquidated 121 long positions worth millions of dollars each, resulting in a total loss of approximately $23.65 million. Among them, 6 addresses had individual accounts with cumulative losses exceeding $1 million. A total of 51 unprofitable reductions were recorded in indices and ETFs including the S&P 500 and Nasdaq 100, resulting in losses of approximately $3.26 million. Among these, there were 19 unprofitable reductions in S&P 500 underlying contracts and 15 in Nasdaq 100 contracts. In terms of individual stocks, Hynix's Korean stock SKHX and ADR contract SKHY saw a total of 28 unprofitable reductions in holdings, resulting in a loss of approximately US$3.62 million. SanDisk (SNDK) saw 7 unprofitable reductions in holdings, with a cumulative loss of approximately US$8.42 million, accounting for 35.6% of the total loss. Nebius, Meta, and Micron incurred losses of approximately US$2.65 million, US$2.17 million, and US$1.76 million, respectively. This round of large-scale long position withdrawals is mainly concentrated in individual stocks, especially those in the storage and AI industry chain.