Nasdaq sets Dec. 6 launch for 23/5 trading as Apple posts $114.477 billion in fiscal Q4 revenue

Nasdaq sets Dec. 6 launch for 23/5 trading as Apple posts $114.477 billion in fiscal Q4 revenue

N
News Editor
2026-11-04 01:31:03
A roundup of market, policy, and corporate developments on Nov. 4 led by Nasdaq’s plan to roll out a 23/5 trading schedule on Dec. 6 at 9 p.m. ET, extending U.S. stock trading to 23 hours a day across five days a week. The move adds an overnight session from 9 p.m. to 4 a.m. ET, while keeping the regular 9:30 a.m. to 4 p.m. session and opening and closing auctions unchanged. Nasdaq said the launch still depends on Securities Information Processor readiness and related U.S. Securities and Exchange Commission rule changes. Elsewhere, France’s National Assembly delayed a vote on the revenue section of its 2027 budget after previously rejecting two amendments that would have brought crypto assets into the country’s exit tax regime. Thailand’s Securities and Exchange Commission opened consultation on eight draft rules tied to digital asset derivatives licensing. On the security front, Lookonchain said Brazilian exchange Mercado Bitcoin lost more than $46 million in a hack, with over $9 million frozen and about $9.2 million in altcoins still held by the attacker. Apple reported fiscal fourth-quarter revenue of $114.477 billion, up about 12% year over year, while Kim Yo Jong rejected FBI allegations linking North Korea-backed hackers to the Binance theft case.

Apple reported fiscal fourth-quarter revenue of $114.477 billion, up 12% from a year earlier.

France delays budget vote after rejecting crypto exit tax amendments

According to records from France’s National Assembly and a Cointelegraph report, lawmakers postponed a vote on the revenue section of the 2027 budget and were set to continue reviewing it on Nov. 3, with 758 amendments still pending.

The Assembly had already rejected two amendments on Oct. 30 that would have included crypto assets in the country’s exit tax regime. The proposals concerned unrealized gains when taxpayers move their tax residence abroad. One amendment was voted down 27-55, and the other failed 31-60. The budget bill remains under review.

Backpack warns over fake airdrops tied to tokenized stocks

Backpack said in an official notice that it had identified fake airdrop campaigns being promoted under the name of tokenized stocks issued by Backpack Securities. The company said those activities are not affiliated with Backpack Securities.

Backpack added that scammers may use real token addresses to make the campaigns appear legitimate. It urged users to be careful with unfamiliar links and wallet connection requests, and to verify the official addresses of tokenized securities through its asset directory.

Thailand SEC seeks feedback on digital asset derivatives licensing rules

Thailand’s Securities and Exchange Commission said it opened public consultation on Oct. 29 on eight draft rules for derivatives businesses, part of a broader move to recognize digital assets as eligible underlying assets under derivatives law.

The draft rules cover licensing frameworks for derivatives exchanges, clearing houses, and intermediaries. They would allow digital asset operators to apply for derivatives business licenses without setting up a new company, and would also revise financial reporting standards for exchanges and clearing houses. The consultation runs through Nov. 28.

Nasdaq to launch 23/5 trading on Dec. 6

According to information on Nasdaq’s website, the exchange plans to formally launch its "23/5" trading model on Sunday, Dec. 6 at 9 p.m. ET, extending U.S. equities trading to 23 hours a day, five days a week.

The new structure adds an overnight session from 9 p.m. to 4 a.m. ET. Together with the existing premarket session from 4 a.m. to 9:30 a.m. and after-hours trading from 4 p.m. to 8 p.m., it will form what Nasdaq calls a global trading session. Trading will run from 9 p.m. Sunday through 8 p.m. Friday, with a one-hour pause from 8 p.m. to 9 p.m. each trading day for system maintenance, corporate action processing, and the transition to the next trading day.

The regular session from 9:30 a.m. to 4 p.m. ET will stay in place, as will the opening and closing auctions. The closing price will remain the official benchmark price. Trades executed between 9 p.m. and midnight will be booked into the next trading day, and settlement rules will remain unchanged. On risk controls, the SEC has approved related changes to the Limit Up-Limit Down plan, requiring overnight orders to stay within a 20% price band above or below the reference price.

Nasdaq said the launch timing still depends on Securities Information Processor readiness and related SEC rule changes.

China plans AI safety rules covering the full lifecycle

Bloomberg reported that Wang Ruomeng, an official at China’s National Development and Reform Commission, said Tuesday that China is accelerating AI legislation and will apply full-lifecycle oversight to AI development and deployment, covering areas including data and computing power.

The report said the standards are meant to guard against the risk of increasingly powerful AI systems getting out of control, and described them as one of the more comprehensive AI safety guides now under discussion. The rules would apply to major developers including DeepSeek, Moonshot, and Alibaba, companies working on products that compete with top models from OpenAI and Anthropic.

Mercado Bitcoin hack tops $46 million, attacker still holds about $9.2 million in altcoins

On-chain analytics platform Lookonchain (@lookonchain) said Brazilian crypto exchange Mercado Bitcoin suffered a hack that caused losses of more than $46 million. More than $9 million of the stolen assets has already been frozen.

Lookonchain said the attacker still holds the following altcoins, worth about $9.2 million in total, which may face selling pressure:

  • 372.99 billion PEPE worth about $1.79 million
  • 12,820 AAVE worth about $1.61 million
  • 769,950 PENDLE worth about $1.35 million
  • 29,830 EVA worth about $1.26 million
  • 1.98 million VIRTUAL worth about $1.15 million
  • 147,840 UNI worth about $1.04 million
  • 2.67 million ONDO worth about $1.03 million

Apple posts $114.477 billion in fiscal Q4 revenue

According to Apple’s financial statements, revenue for the company’s fiscal fourth quarter of 2026, ended Sept. 26, came in at $114.477 billion, compared with $102.466 billion a year earlier, an increase of about 12%. Diluted earnings per share were $2.10, up from $1.85 in the same period last year.

By segment, iPhone revenue was $57.583 billion, services revenue reached $31.573 billion, and wearables, home and accessories brought in $8.3 billion. Revenue from Greater China was $17.539 billion.

Kim Yo Jong rejects allegation linking North Korea to Binance hack

KCNA reported that Kim Yo Jong, a department director of the Central Committee of the Workers’ Party of Korea, issued a statement on Nov. 2 rejecting FBI allegations that a North Korea-backed hacking group was involved in the Binance theft case, calling the U.S. claim absurd.

Kim accused the United States of tying international cybercrime incidents to North Korea and described the move as a political provocation against the country. She also said the North Korean government opposes malicious activity in cyberspace.

Anthropic updates Claude Code prompts to limit game cloning

The Verge reported that Anthropic has updated the system prompts for Claude Code on Opus 5.5, steering the tool away from recreating specific existing games made by others.

Addy Osmani of Anthropic said the company added two sentences to the prompts because using Claude to infringe intellectual property violates its usage policy. He said original games, games in the same genre, and games built from a user’s own designs and assets should still be possible to develop. He added that the company will keep adjusting the system to find the right balance.

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