Robinhood reported Q3 2025 revenue of $1.27 billion on November 5, doubling year-over-year and beating Wall Street's $1.19 billion estimate. Crypto trading revenue jumped over 300% to $268 million. Earnings per share reached 61 cents, up from 17 cents in Q3 2024, while net income climbed 271% to $556 million.

Bitcoin retreated toward $100,000 after reaching above $126,000 in early October, marking a 15-20% decline. Major BTC ETFs including IBIT and FBTC recorded outflows exceeding $500 million in late October, following mid-month inflows of over $400 million. The reversal reflects weakening institutional demand amid mounting macroeconomic pressures.

The cryptocurrency market lost nearly $1 trillion in market capitalization between early October and November 5, with total market cap declining from $4.3 trillion to $3.4 trillion. Bitcoin tested the $100,000 support level after an 8% weekly decline, while Ethereum dropped 16% to $3,300. The selloff triggered $2.1 billion in overnight liquidations on November 5, affecting approximately 486,069 traders.

BlackRock saw combined outflows of $379.3 million from its Bitcoin and Ethereum spot ETFs between November 3 and November 4. The Bitcoin fund recorded approximately $186.5 million in withdrawals, while the Ethereum product saw $192.8 million exit. The outflows coincided with broader market volatility that pushed Bitcoin below $100,000 and Ethereum off recent peaks.

U.S. spot Bitcoin ETFs recorded $578 million in net outflows on November 4, while Ethereum ETFs saw $219 million in redemptions, marking their fourth and fifth consecutive days of withdrawals. Solana-based ETFs attracted $14.83 million in inflows the same day, extending a six-day streak despite SOL dropping over 30% in the past month.

The White House said President Donald Trump's pardon of Binance founder Changpeng Zhao followed a comprehensive review by the Department of Justice and White House Counsel's Office. Press Secretary Karoline Leavitt stated the clemency decision adhered to standard procedures applied to all pardon requests. Zhao pleaded guilty in November 2023 to Bank Secrecy Act violations and served a four-month sentence from April through September 2024.

The Monetary Authority of Singapore released its annual Financial Stability Review on November 5, 2025, flagging elevated valuations in technology and artificial intelligence equity segments. The central bank warned that fading optimism about AI's profit potential could trigger sharp equity market corrections and increased defaults in private credit markets. The assessment follows a semiconductor sector selloff that erased approximately $500 billion in market value this week.

Coinbase Chief Legal Officer Paul Grewal criticized traditional banking associations for opposing the exchange's national trust bank charter application on November 4, 2025. The Independent Community Bankers of America submitted a formal objection to the Office of the Comptroller of the Currency on November 3, 2025, urging regulators to deny the application. Banking groups argued the application fails to meet statutory standards and challenged the legal validity of OCC interpretive guidance permitting expanded activities for national trust banks.