Wall Street is in the red as control of the U.S. Congress remains undecided and the crypto sell-off sinks market sentiment. Crypto exchange Binance pulls out of a deal to buy up troubled rival FTX’s U.S. business, citing “issues beyond our control and our ability to help”. There are three U.S. states whose Senate midterm election results hang in the balance. Georgia is set for a December run-off with Nevada and Arizona still too close to call. Meanwhile, President Biden says he prepared to form bipartisan ties with Republican lawmakers. Social media giant Meta are set to slash 11,000 jobs. CEO Mark Zuckerberg has said he takes full responsibility for the redundancies.

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