The US spot Bitcoin ETF saw a net outflow of $1.04 billion in two days.

Block reported adjusted earnings per share of $1.13 for its third fiscal quarter, compared to $0.54 in the same period last year and a market estimate of $1.02; adjusted EBITDA was $1.23 billion, in line with the market estimate of $1.2 billion; adjusted net income was $697.3 million, compared to $336.9 million in the same period last year and a market estimate of $624.6 million; net revenue was $6.72 billion, up 9.9% year-over-year and in line with the market estimate of $6.59 billion. Block expects adjusted operating profit of $1 billion for its fourth fiscal quarter, compared to the market estimate of $1 billion; gross profit of $3.32 billion, compared to the market estimate of $3.31 billion; and an adjusted operating margin of 30%.

Ethereum's leanVM tool enables end-to-end formal verification, propelling Ethereum towards quantum resistance on three levels.

European Central Bank Governing Council member Koch said the ECB will continue to address inflation as needed.

On November 4th, the three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average fell 0.38%, the Nasdaq Composite rose 0.83%, and the S&P 500 rose 0.37%. The Philadelphia Semiconductor Index rose 2.64%, SanDisk rose over 4%, Broadcom and AMD rose over 3%, and Western Digital, ARM, NXP, and Seagate Technology rose over 2%. Microsoft rose 2.70%, Meta Platforms rose 2.33%, Nvidia rose 2.26%, Amazon rose 2.09%, Google rose 0.09%, Tesla fell 1.32%, and Apple fell 1.97%.

As of early afternoon Eastern Time on November 3, Polymarket users predicted a 76% probability of Democrats winning the Senate and a 94% probability of winning the House of Representatives, while Kalshi predicted the corresponding probabilities to be 75% and 94%. This midterm election involves the re-election of all 435 seats in the House of Representatives and 35 of the 100 seats in the Senate. If Democrats control Congress, they would likely lead key committees regulating the digital asset industry, including those led by Elizabeth Warren and Sherrod Brown. In the Ohio Senate election, Kalshi users predicted a 71% probability of cryptocurrency critic Brown defeating incumbent Senator Jon Husted. (Source: The Block)