AM Markets Need to Know: Binance outflows surge, Democratic sweep bets rise, and more

Stock index futures were higher on Monday as traders geared up for a busy week filled with corporate earnings, labor market data, and the U.S. midterm elections.Here are the five news items investors should watch:Binance records $3.64B in net outflows: Binance processed ~$4.65B in withdrawals and $1.01B in deposits between 1 a.m. and 10:30 a.m. EST on Sunday as it gradually restored withdrawals following last week's $6.3B hack. The $3.64B in net outflows represented 2.1% of its $171B in total assets under management, based on October 28 Proof of Reserves data. The exchange said withdrawal volumes were stabilizing while deposits remained substantial.Democrats' chances of congressional sweep rise: Prediction-market traders are increasingly betting on Democrats winning control of both chambers of Congress in Tuesday's midterm . Kalshi placed the probability of a Democratic sweep at ~70% on Sunday, compared with less than 50% in early September. Polymarket showed similar odds at 72%, while a Republican sweep was priced at just 5%-7%.Anthropic plans $3.5B Japan share offering: Anthropic plans to offer up to 552.9B yen ($3.5B) worth of shares to Japanese investors as part of its proposed U.S. IPO, Reuters reported, citing a company filing. Proceeds are to support working capital, operating expenses, and capital expenditure. Japan is among several jurisdictions identified in the company's October 26 SEC registration statement for its broader international offering.Musk sees orbital AI computing overtaking Earth: Elon Musk expects monthly additions to AI computing capacity deployed in orbit to surpass new terrestrial installations by late 2028, according to an October 30 post on X. He predicted the gap could widen substantially in 2029 as SpaceX expands its ambitions in AI infrastructure through xAI. The vision positions orbital computing as a potential longer-term competitor to infrastructure investments by Microsoft , Alphabet (GOOG, GOOGL), Amazon , and OpenAI.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.