Growth

The Nasdaq index fell by 5.52%, and NVIDIA's market capitalization dropped by 9%: the sell-off was intensified by concerns over data center spending. AppLovin, Warby Parker, EPAM, Cloudflare, and JFrog closed higher thanks to their earnings reports, but AppLovin declined after the market closed.

The head of the Federal Reserve Bank of Richmond, Thomas Barkin, believes that further rate hikes by the Fed may be necessary to reduce inflation. In his assessment, price growth in the U.S. is not yet showing a sustainable slowdown. Barkin advocates for gradual policy changes based on incoming economic data.

The transfer volume of USDC reached $13.9 trillion in Q3 2026, marking a 49% year-over-year increase. Meanwhile, the average supply of the stablecoin grew only by 8%, to $73.3 billion. Circle's report indicates an acceleration in fund turnover, but does not confirm a comparable increase in demand for USDC.

JPMorgan Asset Management has included Bitcoin in its long-term asset return forecasts for the first time. The base scenario anticipates an average annual growth of BTC at 10% with a volatility of 55%. Although the correlation with U.S. stocks is assessed at 0.33, the company has not yet included cryptocurrency in its core portfolio models.

Ethereum is trying to hold above $2,439, but activity on the Ethereum mainnet remains below spring levels. In October, around $1.61 billion was withdrawn from U.S. spot ETH-ETFs, although there were some inflow days, including November 4. We analyze Glassnode data, fund flows, and technical levels that determine the recovery scenario.

Hut 8 has expanded its headquarters in Miami nearly sevenfold amid the development of AI data centers. The expected value of long-term contracts is $26.6 billion. Meanwhile, revenue for Q3 decreased to $71.1 million, while profit growth to $131.1 million is largely attributed to the revaluation of Bitcoin.

Circle laid off about 5% of its employees in Q3 2026, despite a net profit increase to $226 million. Revenue was supported by $182 million from the ARC token presale, while income from USDC reserves decreased by 8%. We analyze the financial results of the issuer and why the company is developing new directions.

The supply of the RLUSD stablecoin grew by approximately $972 million over 90 days, surpassing $2.5 billion, while the volumes of USDT and USDC decreased. Ripple also received final approval from the OCC to establish a trust bank to manage RLUSD reserves. However, the increase in issuance alone does not prove an increase in users or demand for XRP.

After rising to $6.00, NEAR trades around $3.77 – approximately 37% below its peak. The token has fallen below short-term moving averages, with key support now at $3.60–$3.70. A recovery requires reclaiming $4.20–$4.40.

On November 2, Santiment reported 7,934 new XRP wallets created the day before, marking the sixth highest daily figure of 2026. The spike occurred after the Binance hack, which may have prompted users to self-custody. Santiment outlined conditions for strengthening XRP's momentum.