Morning Report | Ethereum rose 1% in the past 24 hours; Tether CEO revealed holding 150,000 Bitcoins, with over 730 million global users
November 3 Market Important Events OverviewCompiled by: ChainCatcher
Data from the Past 24 Hours
Bitcoin is currently priced at $77,454, up 0.8% in the past 24 hours, with a high of $78,063 and a low of $76,389. Ethereum is currently priced at $2,274.77, up 1% in the past 24 hours, with a high of $2,309.00 and a low of $2,241.15. The current Crypto Fear and Greed Index is at 27, indicating fear, down 11 points from the previous reading. The S&P 500 closed at 7,568.92 points on November 3, up 0.4%. The Nasdaq Composite closed at 25,372.01 points on November 3, up 0.8%. The Dow Jones Industrial Average closed at 51,786.72 points on November 3, down 0.4%.
Important Events in the Past 24 Hours
1. Tether CEO Reveals Holding 150,000 Bitcoins, Global Users Exceed 730 Million
Tether CEO Paolo Ardoino revealed during a speech at the Lugano Plan ₿ Forum that Tether owns approximately 150,000 Bitcoins, with over 730 million global users and about 30 million new wallets added each quarter. According to Tether's third-quarter reserve attestation report, it directly holds about $122.8 billion in U.S. Treasury bonds, approximately $132.4 billion when including repurchase agreements, with excess reserves of $7.95 billion. Ardoino also introduced Tether's Independence Stack strategy, which aims to build an infrastructure system covering energy, Bitcoin mining, peer-to-peer communication, self-custody wallets, and local AI through open-source technology, stating that even if Tether ceases to exist in the future, its open-source technology should continue to operate.
2. Circle Mints 1 Billion USDC on the Solana Network
USDC Treasury minted 1 billion USDC on the Solana network in four transactions within 10 minutes. The receiving address is the USDC Treasury token account controlled by Circle, which currently holds approximately 1.756 billion USDC.
3. Binance Gradually Resumes Withdrawals for More Assets, Covering Multiple Networks
Binance announced that starting from November 3, it will gradually reopen the withdrawal function for more assets, involving networks such as BSC, ETH, SOL, XRP, TRON, Arbitrum, Optimism, and Base. Supported assets include BTC, ETH, XRP, SOL, DOGE, ADA, LINK, SHIB, USD1, FDUSD, etc. Binance emphasized that the platform will bear all economic losses caused by this security incident and will not pass the losses onto users.
4. Akash Community Approves Migration from Cosmos to Solana via Proposal 346
The Akash community approved governance proposal 346 to migrate the Akash protocol from the Cosmos independent chain akashnet-2 to the Solana mainnet. The proposal passed with approximately 97% approval and a voter turnout of about 68.8%. After the migration is completed, the computing power trading market Akash Marketplace, AI inference platform AkashML, and Akash Homenode will be natively deployed on Solana.
Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of November 4, 08:00
The top five popular tokens on ETH in the past 24 hours are: Vitoggoth, DacityCoin, CTM, GTA6, SI
The top five popular tokens on Solana in the past 24 hours are: AMD, STONK, DJT, XMR, Mag
The top five popular tokens on Base in the past 24 hours are: XDP, AERO, Reboot, AXIS, NVDAc
The top five popular tokens on BSC in the past 24 hours are: BNCB, Win-win, JAGENT, I Draw My Own Boundaries, SAFU
What Are Some Must-Read Articles from the Past 24 Hours?
Meta's Chief AI Officer: How Was Muse Created?
The prototype of Muse was created in just a week or two, so why did it take another seven months to refine? Meta's Chief AI Officer Alexandr Wang discusses how AI has evolved from occasional brilliance to being worthy of trust.
In the Past Quarter, Tim Cook Led Apple to Earn $30.7 Billion, iPhone Breaks Records Again
Apple's revenue for the fourth quarter of fiscal year 2026 was $114.477 billion, with a net profit of $30.711 billion, both growing over 11% year-on-year; total annual revenue reached $478.8 billion. This is Tim Cook's first financial report since taking over as CEO in September, with both iPhone and services businesses hitting all-time highs.
Zcash co-founder Sean Bowe and Tachyon researcher Dev Ojha detail the Tachyon architecture: collapsing the verification load of full nodes from millions of proofs into a single ZKP, pushing the full-chain throughput to 100 MB/s, supporting 50,000 TPS, and adding quantum resistance. They believe that in a future where monitoring and censorship are tightening, cryptographic hard privacy is the last line of defense.
Binance was hacked for about $6.43 billion, and the attackers used about 12,000 wallets and completed over 40,000 transactions in less than four days, with money laundering highly automated. Elliptic statistics show that about $2.85 billion (44%) has been frozen or seized, while the remaining $3.24 billion is still in related addresses.
The U.S. Treasury will announce a new round of quarterly refinancing plans this Wednesday. Several primary dealers expect the Treasury to adjust its policy wording to open up space for reducing long-term Treasury bond issuance next year while compensating for financing gaps by increasing short-term debt issuance. Citigroup expects the Treasury may start reducing the issuance of 20-year and 30-year Treasury bonds from this month, which would deviate from the previous quarterly refinancing statement's guidance to maintain stable issuance levels.
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