Stock Market Commentary: On November 2, U.S. stocks diverged: the S&P 500 and Nasdaq fell 0.51% and 1.07%, while the Dow gained 0.41%. Semiconductors weakened, with the Philadelphia Semiconductor Index down 3.37% and Intel down 8.80%, while consumer discretionary and materials strengthened. Hong Kong stocks advanced, with the Hang Seng and Hang Seng TECH indexes gaining 0.42% and 2.25%. South Korean equities reversed early losses: the KOSPI and KOSDAQ rose 2.24% and 1.38%, respectively, as semiconductor, shipbuilding, and power-equipment shares strengthened.
Crypto Market Commentary: BTC traded at 77,218.30 USDT, down 1.31% over 24 hours, while ETH fell 0.69% to 2,260.80 USDT. Short-term recoveries had not reversed either asset’s weak technical structure. Total cryptocurrency market capitalization was approximately US$2.60 trillion, down 3.04%. BTC dominance was 59.93%, and the Fear and Greed Index was 26, in fear territory. The Altcoin Season Index stood at 48, not yet signaling broad altcoin dominance, while risk appetite remained constrained. On November 2, U.S. spot BTC and ETH ETFs recorded net inflows of approximately US$6.68 million and US$3.15 million, respectively.
Trending Tokens: ELA, ARIA, and MPLX gained 105.26%, 39.54%, and 22.90%, respectively, over 24 hours. Elastos released its internet operating system, ElastOS V2, on November 2. ELA’s hourly RSI reached 75.74, warranting attention to sustained turnover and selling pressure at elevated levels. AriaAI and Metaplex had no recent updates capable of catalyzing their gains, which may have been primarily capital-driven.
Alpha Insights: North Korea rejected the FBI’s attribution of the Binance theft. Mercado Bitcoin suspended deposits and withdrawals following a security incident; the amount involved remains undetermined, and freezing assets does not mean they have been returned. StoneX said DTCC’s permissioned tokenization service could encourage adoption and validate Securitize’s public-chain business model; this does not imply a partnership. Securitize expanded its tokenized U.S. equity offering to 25 products; 24/7 trading remains a future plan.
Discover more details today → Gate Research: BTC Falls Toward 77,000 USDT, Exchange Security Risks Remain in Focus
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Gate Team
November 3, 2026
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