Crypto Pulse—TradFi

Overview Margins are already improving, just not on the gross margin line. Second-quarter non-GAAP gross margin fell 3.2 percentage points year over year to 73.1%, while non-GAAP operating margin fell only 0.29 points to 13.81%, meaning 2.91 of those 3.2 points were absorbed below the gross line. That is precisely Cloudflare management's argument: AI requests carry lower gross margin but also lower acquisition cost, and upsells such as sandboxes and AI gateways offset the difference at the opera

The U.S. Bureau of Labor Statistics will release the October 2026 jobs report on Friday, November 6, at 8:30 a.m. ET. Economists polled by Reuters expect nonfarm payrolls to rise by 65,000, after a much weaker-than-expected gain of 29,000 in September.The report is one of the last major labor-market readings before the Federal Reserve's December 8–9 meeting. This preview covers the forecasts, what September showed, and how stocks and MEXC index futures moved on recent jobs report days.October Jo

AppLovin reported third-quarter 2026 revenue of $2.19 billion on November 4, up 55% from a year earlier. Net income rose 72% to $1.44 billion, and diluted EPS of $4.30 came in above the $4.03 analyst estimate. AppLovin guided fourth-quarter revenue to $2.365 billion–$2.395 billion.APP closed the regular session at $271.75, up 10.7% on the day, and ended the extended session at $333.80 (+22.8%). The APPSTOCK_USDT futures on MEXC kept trading after 8:00 p.m. ET and were at 325.34 USDT at 11:00

Qualcomm reported fiscal fourth-quarter 2026 revenue of $10.32 billion on November 4, down 8% from a year earlier. Handset chip revenue fell 26% to $5.14 billion, while automotive revenue rose 89% to a record $1.99 billion. Non-GAAP EPS was $2.17, one cent above the $2.16 estimate.QCOM closed the regular session at $173.19, up 5.3%, then fell 7.4% after hours to $160.37 by 8:00 p.m. ET. The QCOMSTOCK_USDT futures on MEXC kept trading after the extended session and were at 157.41 USDT at 11:00 p.

AI data center stocks fell sharply on November 4, the day after the U.S. midterm elections, even as the broader market rallied. Modine (MOD) dropped 21.4%, Hut 8 (HUT) 23.2%, Vertiv (VRT) 12.9% and Nvidia (NVDA) 3.2%.The trigger was the Texas governor race. Democrat Gina Hinojosa defeated Gov. Greg Abbott, according to the Associated Press race call reported by NPR. During the campaign, Hinojosa called for a pause on new data center approvals in Texas.On MEXC, stock futures on Hut 8 and Vertiv h

Arista Networks reported third-quarter 2026 revenue of $3.66 billion on November 3, up 58.5% from a year earlier and above both its own $3.3 billion guidance and the $3.33 billion consensus. Non-GAAP EPS was $1.20 against $1.08 expected. Arista guided fourth-quarter revenue to $3.9 billion–$4.0 billion, above the $3.60 billion LSEG estimate.ANET closed the regular session at $169.91, rose as high as $202.00 (+18.9%) after hours and ended the extended session at $186.01 (+9.5%). The ANETS

Super Micro Computer (NASDAQ: SMCI) reported fiscal first-quarter 2027 net sales of $19.9 billion on November 3, up from $5.0 billion a year earlier and above the $16.39 billion LSEG estimate. Non-GAAP EPS was $1.81 against $1.23 expected. Supermicro guided second-quarter net sales to $19.5 billion–$21.5 billion and raised its fiscal 2027 range to $72 billion–$82 billion from $65 billion–$72 billion.SMCI closed the regular session at $31.39 and traded as high as $34.96 after hours before ending

Overview Circulation growth does not translate proportionally into shareholder profit for three reasons, each with a precise figure attached. First, compression in the reserve yield offsets volume growth: average USDC in circulation rose 25% year over year in the second quarter while reserve income rose only 5%, with the entire gap coming from the reserve return rate falling from roughly 4.16% to 3.50%. Second, most incremental income goes to distribution partners: Circle's own disclosed sensiti

AMD reported record third-quarter 2026 revenue of $13.38 billion on November 3, up 45% from a year earlier and above the $13.09 billion LSEG estimate. Non-GAAP EPS was $2.09 against $1.95 expected. Data center revenue nearly doubled to $8.55 billion, and AMD guided fourth-quarter revenue to about $17 billion, which would be about 27% above Q3.AMD shares closed the regular session at $483.90 and traded as high as $530.38 after hours before ending the extended session at $508.20. The AMDSTOCK_USDT

Overview Closing at $66.60 USD on the New York Stock Exchange on November 3, 2026 at 16:00 EST (November 4, 2026 at 05:00 SGT), Uber Technologies (NYSE: UBER) exhibits a daily technical structure defined by overhead moving-average compression paired with short-term base-building above its October 29 52-week low of $64.04: the share price sits 5.83% below its 50-day simple moving average ($70.72) and 8.97% below its 200-day simple moving average ($73.16), while its 14-day Relative Strength Index