Cryptoast

🇺🇸 According to Kalshi, the favorite in its prediction markets won 479 of 487 U.S. midterm election races, a 98% success rate, with odds set before vote counting began. The platform says it outperformed polls and forecasting models.

🇺🇸 The U.S. stock market gained more than $900 billion in market capitalization at the open, following the Democrats’ victory, which gave them control of the House of Representatives and the Senate in the midterm elections.
Amazon shares rose more than 7%, Apple more than 5%, and Microsoft did too. Tesla, however, fell nearly 4%.

🔴 In Paraguay, nearly half the population can no longer access their money after a bank collapsed.
On Tuesday, the Central Bank of Paraguay took emergency control of Ueno Bank, the country’s 5th-largest private bank: withdrawals, transfers, and card payments are frozen for its nearly 3 million customers, in a country of 6.5 million people.
The cause: loans granted based solely on a signature to companies linked to the bank’s shareholders, and 8 people, including the CEO, have turned themselves in to the police.
According to the authorities, deposit insurance would fully protect 97% of custome

🪙 Central banks accelerated their gold purchases in the third quarter, at the fastest pace since late 2024, according to the World Gold Council, driven by geopolitical risks and concerns about governments’ fiscal discipline.

🚨 According to on-chain investigator ZachXBT, French bank Crédit Mutuel Arkéa was allegedly the victim of a crypto theft worth more than $133 million.
On November 1, ZachXBT had already reported that a European financial institution had lost more than $106 million from several accounts on centralized exchanges. He has since identified an additional $27 million in withdrawals, before naming Crédit Mutuel Arkéa as the presumed victim.
The hacker allegedly withdrew stablecoins, then converted them into ETH and Monero (XMR) before dispersing the funds across several blockchains. The attack report