Viewpoint: In trending markets, straightforward long positions are far easier to execute than attempting precise shorts, as USDT Dominance (USDT.D) signals a potential low has formed.

Nov 5 Update: #Bitcoin ETFs: 1D NetFlow: +208 $BTC(+$16.56M)?? 7D NetFlow: -14,117 $BTC(-$1.12B)?? #Ethereum ETFs: 1D NetFlow: +16,825 $ETH(+$40.18M)?? 7D NetFlow: -177,044 $ETH(-$422.75M)??

Samsung Wallet has opened stablecoin accounts to eligible U.S. Galaxy users, allowing them to directly buy, hold, send, and receive Solana-based USDC within the wallet—no separate crypto app downloads or private key management required. The feature covers approximately 82 million compatible Galaxy devices. The service is jointly built by licensed custodian Bastion and Coinbase, with Coinbase serving as sub-custodian to hold USDC via Coinbase Prime Vault. Users can transfer funds to other Samsung Wallet users in the U.S. and compatible external wallets with no Samsung fees, as well as send remittances to eligible bank accounts in over 60 countries; credit card top-ups carry a 4% fee. The service is available to U.S. residents aged 18 and above, with New York State currently excluded. Samsung noted it will explore online and offline stablecoin payments and expand to additional markets going forward.

U.S. initial jobless claims for the week ended October 31 came in at 189,000, against expectations of 196,000, with the prior week’s figure revised from 194,000 to 195,000.

According to ABC News, Donald Trump stated that he has not spoken to Democratic leaders Chuck Schumer or Hakeem Jeffries since the midterm elections, but said: "I believe we can work together. If we can do that, it will be good for the United States. The U.S. has had enough." Trump also added: "After the midterm elections, I have talked to other Democrats, not those two, but other Democrats who have been reaching out to me. I also have friends within the Democratic Party."

According to data from BIT Stock Platform, losses widened in pre-market US stock trading across the semiconductor and storage, optical communications, and crypto-themed sectors. Dow Jones Industrial Average futures rose 0.74%, while S&P 500 futures fell 0.01% and Nasdaq futures dropped approximately 1%. Semiconductor and storage stocks: Seagate Technology (STX) down 5.38%, Western Digital (WDC) down 5.01%, SanDisk (SNDK) down 6.48%, Micron Technology (MU) down 4.73%, NVIDIA (NVDA) down 1.80%, Intel (INTC) down 3.03%, Advanced Micro Devices (AMD) down 4.98%. Crypto-themed stocks: Strategy (MSTR) down 2.23%, Coinbase (COIN) down 2.26%, Circle (CRCL) down 3.02%, BitMine (BMNR) down 1.63%, SharpLink (SBET) down 2.02%. Optical communications stocks: FOTO (FOTO) down 3.27%, Marvell Technology (MRVL) down 4.51%, Applied Optoelectronics (AAOI) down 4.77%, Lumentum (LITE) down 4.90%, Coherent (COHR) down 3.17%, Ciena (CIEN) down 5.01%, Fabrinet (FN) down 4.58%, AXT (AXTI) down 5.78%.

According to Lookonchain’s monitoring, a wallet that has remained inactive for over three years and is suspected to be associated with hackers spent roughly 4.16 million DAI to acquire 1,734.1 ETH, then deposited the assets into Tornado Cash.