🌎 What red wave?

Good morning, Quartz readers!

Here’s what you need to know

The Republican red wave failed to materialize in the US midterms. Democrats even managed to flip a crucial Senate seat, with John Fetterman beating Mehmet Oz in the Pennsylvania race.

A Gen Z candidate won a House seat in Florida. Democrat Maxwell Frost becomes the youngest-ever member of Congress, one of several politicians making history at the ballots.

Drug liberalization made some progress in the US. Maryland and Missouri voted for recreational marijuana, but Arkansas, North Dakota, and South Dakota rejected it. 

Crypto exchange Binance is buying its rival FTX. The major crypto deal is taking place just days after a feud between the two platforms triggered a run on FTX tokens (see more below).

Elon Musk sold nearly $4 billion worth of Tesla shares. The electric vehicle maker, whose share price is down 50% from the start of the year, also announced a recall of more than 40,000 vehicles in the US.

Brittney Griner was sent to a Russian penal colony. The detained US basketball star’s legal team was not yet aware of her current location or final destination.

Tropical storm Nicole is projected to strengthen to a category 1 hurricane. It could become the first hurricane to hit the US in November in almost 40 years.

A UN group announced a crackdown on greenwashing. A new report calls for an end to “bogus net-zero claims.” Separately, several European countries pledged millions towards a new loss and damage fund.

Keep up with the latest news about humanity’s future by signing up for our limited email series, Need to Know: COP27.

What to watch for

At a time when the cost of living is through the roof, people are splurging on… dating apps? Just look at Match Group’s recent earnings, which beat analyst expectations as quarterly revenue rose to $810 million.

Tinder, which accounts for the lion’s share of Match’s 100 million active users, posted a 7% increase in paying users. Rival Bumble, which reports earnings later today (Nov. 9), is also expected to show a similar surge in subscribers.

Finding a soulmate might not qualify as an essential item. But shelling out a few hundred dollars over a year to find your other half who could help halve your expenses? Sounds almost lucrative.

Rent in New York City has gotten even more expensive in recent months. If paying $30 a month for a dating app can lead to a 50% discount on a one-bedroom $3,800 flat, sign us up!

Why the Binance selloff matters

Binance is an industry leader with the power to pacify or spook—and, possibly, save its own rivals from insolvency.

Although Binance’s CEO Changpeng Zhao maintains that he’s a lover not a fighter, his move to acquire FTX and end a feud with the exchange’s Sam Bankman-Fried has already sent ripples through the industry.

🕵🏾‍♂️ The brewing mess prompted BitDAO, one of the largest decentralized autonomous organizations (DAO), to ask Bankman-Fried’s trading firm Alameda for “proof of fund” on Nov. 8. Alameda’s chief Caroline Ellison responded “it wasn’t us” and said she’d get back with proof once things calm down.

✋ Sequoia-backed Flint, which has a sizeable user base in India, moved its funds out of FTX.

💥 Hovering around $6, the FTT token’s value crashed nearly 80% on Nov. 8 at the time of writing.

Satellites are winning Battleship against sanction evaders

Cargo ships are closely watched in the global supply chain, but some don’t want to be. Illegal fishers, smugglers, and sanction evaders are increasingly turning off their transponders or reporting fake locations to avoid detection.

But there’s a catch: even the sneakiest ships can’t hide from a constellation of more than 100 satellites orbiting the earth. And satellite operators that find just the right coordinates are poised to profit.

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Surprising discoveries

People got transfusions of lab-grown blood for the first time. The technology could one day help those with rare blood types and blood cell disorders.

A TikToker preserved a bag of Flamin’ Hot Cheetos in a sarcophagus… It’s being entombed “for future civilizations to find” in 10,000 years.

… while a non-Cheeto-containing sarcophagus may have been located. Archeologists have uncovered a tunnel that could lead to the tomb of Queen Cleopatra.

There’s now an online database tracking looted Benin Bronzes. Digital Benin has located over 5,000 stolen pieces scattered across the globe.

Dutch students invented a car that reduces carbon emissions. The “Zero Emission Mobility” vehicle captures CO2 while driving.

Our best wishes for a productive day. Send any news, comments, 10,000-year-old snacks, and world-saving cars to hi@qz.com. Reader support makes Quartz available to all—become a member. Today’s Daily Brief was brought to you by Ananya Bhattacharya, Sofia Lotto Persio, Julia Malleck, and Morgan Haefner.