Morgan Stanley downgraded Coinbase to underweight and lowered its price target to $120.

A TokenInsight report shows that total trading volume on cryptocurrency exchanges decreased by 27.5% quarter-over-quarter to $12 trillion in the third quarter of 2026. Spot trading volume decreased by 55% to $2 trillion, and derivatives trading volume decreased by 17% to $10 trillion. Meanwhile, the average open interest in cryptocurrency futures increased by 11% quarter-over-quarter to approximately $90 billion. Binance led with a 34.51% share of total trading volume, followed by OKX with 14.41%.

Shaw, the founder of elizaOS, is reverse engineering the closed nodes of Hyperliquid on GitHub. The project has attracted 46 contributors in its first six days, and so far, none of the 96 validation hurdles have been passed. Hyperliquid's public API data shows that the network has 27 active validators, with 5 foundation nodes holding 47.4% of the staked shares. The top three validators together account for 36%.

On November 2, US President Trump will deliver his final formal campaign speech before the midterm elections at the Lincoln Memorial's reflecting pool, aiming to help the Republican Party retain control of Congress. The reflecting pool, built in the 1920s, underwent renovations spearheaded by Trump and reopened on October 29. Trump held rallies in Kansas and Iowa on Sunday and scheduled nearly 20 phone calls. National polls and analysts predict a significant Republican defeat in the 2026 midterm elections, with early voting in many states already exceeding 2022 levels.

Crypto high-frequency trading firm LO:TECH has raised $12 million in Series A funding, led by MMC, with participation from Faction, 13 Books Capital, and Atka. LO:TECH plans to use the funding to expand into the New York and Singapore markets and to establish trading execution services in traditional finance, digital assets, and prediction markets. (Source: TFN)

Glassnode data shows that BTC sellers continued to cut their losses and exit the market below $80,000, with last week marking the longest period of daily net realized losses since mid-August. If the price remains above $75,000, it would be consistent with the pattern of local lows formed during the concentrated loss periods in August and September.