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PropMarketCapFRESHRegulation

SEC clarifies cryptocurrency regulation: CC token is a digital commodity, not a security

The SEC's Division of Corporate Finance (the US securities market regulator) announced on November 3 that it will not seek penalties for the issuance of the CC token of the Canton Network: in its assessment, it is a digital commodity, not a security. The token gained 4%.

PropMarketCapFRESHCurrencies, commodities and indices

Yen weakest among all currencies: dollar index at five-week low after US election

The DXY dollar index fell to 101.40 (-0.44% for the day) after the Democrats took both chambers of Congress. Yet the yen failed to capitalize on this: USD/JPY holds near 158.32, having lost just 0.24%.

PropMarketCapFRESHExchanges and infrastructure

Circle cut 5% of its staff: USDC stablecoin issuer closed the quarter with a $226 million profit

The issuer of the USDC stablecoin (a coin with an exchange rate pegged to the dollar) laid off about 5% of its employees and spent $9.1 million on it, even though net profit for the quarter grew. The reduction is mentioned in a footnote to the third-quarter report.

PropMarketCapFRESHMacroeconomics and central banks

EUR/USD at 1.1280: 4% eurozone inflation weighs on the ECB rate, dollar slumped after the elections

The euro gained more than 0.6% against the dollar on Wednesday and approached four-week highs. Two reasons came together at once: price growth in the eurozone accelerated to a three-year peak, and the Democrats won the US midterm congressional elections.

PropMarketCapFRESHCurrencies, commodities and indices

Pound at a seven-week high: GBP/USD has reached 1.3500

The pair rose to 1.3500 - its best level since mid-September, and was trading at 1.3473 at the time of publication. The DXY dollar index (the dollar's exchange rate against a basket of major currencies) was down 0.47% and fell to 101.40. The trigger came from the US: Democrats took both chambers of Congress.

PropMarketCapFRESHRegulation

Ukraine approved a law: 5% cryptocurrency tax and rules for exchanges from July 1, 2027

The relevant committee of the Verkhovna Rada supported bill No. 10225-d on regulating the crypto market - the document was prepared over three years. A second reading is ahead in November, with entry into force planned for July 1, 2027.

PropMarketCapFRESHInstitutional players and funds

Morgan Stanley tokenized US stocks and government bonds through DTCC

The bank became one of the first users of the new tokenization service from DTCC, the clearing center through which US securities transactions pass. US stocks and Treasury bonds have been converted into tokenized form.

PropMarketCapFRESHProp industry

Spotware has linked prop firms and brokers into a signal network: one participant's flag is visible to all

On November 4, Cyprus-based Spotware, the developer of the cTrader trading platform, launched the cAntifraud service. If one broker or one prop firm marks a trader as a threat, all connected companies receive a warning. Subscription - $999 per month.

PropMarketCapFRESHMacroeconomics and central banks

Eurozone inflation accelerated to 4% year-on-year - twice the ECB target

Eurostat published a preliminary estimate of consumer inflation for October: 4% year-on-year versus 3.8% in September. The figure came in exactly in line with consensus, but the overall price level in the bloc remains twice the ECB's 2% benchmark.

PropMarketCapFRESHCurrencies, commodities and indices

Democrats took both chambers of Congress, while the Dow futures rose 0.4%, Nasdaq - 0.14%

In the US midterm elections, Democrats won both the Senate and the House of Representatives. US index futures fell overnight but by the European session on November 4 had bought back the dip and turned positive.

PropMarketCapFRESHMacroeconomics and central banks

US ADP at 16:15 MSK: 69 thousand jobs expected vs 90 thousand a month earlier

Today ADP Research Institute publishes its report on private sector employment in the US for October. The consensus is +69 thousand jobs after +90 thousand in September. This is the first labor market figure this week, followed by NFP on Friday.

PropMarketCapFRESHMacroeconomics and central banks

Business activity in the eurozone slumped: Composite PMI fell from 53.1 to 51.7

The final eurozone data for October came in weaker than September's: the composite business activity index dropped to 51.7 versus 53.1 a month earlier. The release took place on November 4 at around 12:01 Moscow time.

PropMarketCapFRESHCurrencies, commodities and indices

In 24 hours, the price of silver gained 4.71%: an ounce costs $52.01

As of 12:31 Moscow time on November 4, silver (XAG/USD) is trading at $52.01 per troy ounce versus $49.67 at Tuesday's close. That is +4.71% in one session, according to FXStreet.

PropMarketCapFRESHProp industry

$10,000 a month for a place in the ranking: three prop firms left PropFirmMatch

In October, the comparison site PropFirmMatch admitted that clicks on company profiles and promo codes opened their websites through its affiliate links. Three prop firms terminated the partnership, and the head of Topstep revealed the price of a listing - $10,000 a month.

PropMarketCapFRESHCurrencies, commodities and indices

China's MFA: Beijing is negotiating with Iran and Saudi Arabia on opening the Strait of Hormuz

On November 4, the Chinese MFA reported that China is discussing with Tehran and Riyadh the opening of the Strait of Hormuz - the narrow outlet from the Persian Gulf through which seaborne oil exports from the region's largest producers pass.

PropMarketCapFRESHRegulation

Both chambers of Congress go to the Democrats: the cryptocurrency law in the US fades into uncertainty

In the midterm elections on November 3, 2026, the Democrats gain control of the House of Representatives and the Senate. The key crypto market structure bill - the CLARITY Act - loses its chances of being passed in its previous form.

PropMarketCapFRESHMacroeconomics and central banks

Eurozone Inflation: 4.0% Expected, Market Prices 72% Chance of ECB Rate Hike in December

The Eurozone consumer price report is due on November 4 - forecast at 4.0% year-on-year versus 3.8% a month earlier. The US session adds ADP employment data and the ISM services business activity index, while in the US Democrats have taken both the House and the Senate.

PropMarketCapFRESHCurrencies, commodities and indices

NVIDIA will fulfill only 1% of $70 billion in Chinese orders for RTX chips

Reuters reports: NVIDIA's customers in China will receive about 1% of the ordered RTX-series graphics chips, while the total order volume is estimated at $70 billion. In monetary terms, that is roughly $700 million in shipments against seventy billion in demand.

PropMarketCapFRESHProp industry

Tighter loss limit - cheaper challenge: new prices at prop firm Goat Funded Trader

Prop firm Goat Funded Trader has allowed traders to change some of the risk parameters on $100,000 accounts themselves. In exchange for a tighter limit, the cost of the evaluation drops by $96-100. The change was announced on November 4.

PropMarketCapFRESHCurrencies, commodities and indices

Oracle terminates multibillion-dollar contract with Tencent under White House pressure

Oracle (one of the largest US cloud providers, ticker ORCL) has terminated a computing capacity lease contract with Chinese holding Tencent (TCEHY as American depositary receipts). The reason is pressure from the Trump administration. The report came out on the morning of November 4, 10:16 Moscow time.

PropMarketCapFRESHMacroeconomics and central banks

Democrats take the Senate: dollar at its lowest since September, gold above $4000

In the midterm elections on November 3, Democrats won a majority in the Senate - 54 seats according to Associated Press counts, with 51 needed for control. Republicans, who entered the elections holding both chambers of Congress, are losing the Senate and risk losing the House of Representatives.

PropMarketCapFRESHRegulation

Jack Dorsey's Block to pay $764M in money laundering case

Block (Jack Dorsey's payment company, founded by the Twitter co-founder, owns the Cash App with Bitcoin purchases) has reached an agreement with the US Department of Justice to pay $764M and close the case over weak anti-money laundering controls. This is more than the company's entire quarterly profit of $566M.

PropMarketCapFRESHCurrencies, commodities and indices

AMD beats forecast: shares on Nasdaq up 5%, data centers delivered $8.55 billion

AMD (the second-largest maker of processors and accelerators for artificial intelligence after Nvidia) reported better-than-expected third-quarter results and ended the additional session on November 3 at $508.20, up 5% from the main close. Data center revenue nearly doubled and for the first time accounted for 64% of all sales versus 47% a year earlier.

PropMarketCapFRESHCrypto market

BTC fell to $75,700 and returned to $78,000 by morning

At night, while votes were being counted in the US congressional elections, BTC dropped below $76,000 with a low of $75,700. By 09:16 Moscow time on November 4, it was trading around $77,918 (+1.6% over the day) — the entire dip was bought back within a few hours.