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On November 4, the head of the Binance Chinese community, Sisi, responded to the security incident at the end of October, stating that approximately $6.3 billion was transferred out of the Binance system, and the responsibility lies with Binance, not with any individual engineer or technical standard. She stated that the related losses would be compensated by the platform, and users could verify themselves on the reserve proof page; the frozen and intercepted portions would be recovered one by one in cooperation with law enforcement and on-chain institutions.Sisi mentioned that after the withdrawal was reopened, the platform focused on ensuring that every withdrawal was processed. She stated that the scale of withdrawals in the past two days was on the same level as the stolen amount, and every transaction had been fulfilled, with user assets remaining intact; the platform did not misappropriate user assets. She also stated that the company's decision-making body requested that the investigation report be unembellished and truthfully disclosed, with timelines, attack paths, malicious script operations, and internal shortcomings all included in the report.Sisi cited an FBI report stating that the adversary was a nation-state actor, and since the beginning of this year, Binance had intercepted 57 suspected attacks from the same source. She indicated that all intrusion points mentioned in the report had been blocked; as of November 3, the affected wallet system had been rebuilt in a new environment, internal AI tools had been rebuilt and permissions tightened, affected devices had been replaced, relevant credentials and tokens had been invalidated, and a comprehensive device security scan and wallet risk control upgrade had been completed. She also mentioned that some defensive lines would not be made public and that an independent third-party security agency had been hired for review, with the conclusions to be announced externally. Binance's preliminary investigation previously indicated that the incident involved assets of approximately $6.34 billion, with about $2.85 billion frozen or intercepted, and the losses would be borne by the platform.

According to the election forecasting agency Decision Desk Headquarters (DDHQ), Democrat James Talarico is predicted to win the federal Senate seat in Texas, defeating Republican Ken Paxton. This marks the first significant victory for the Democrats in Texas since 1988.This result brings the Democrats closer to regaining a majority in the Senate. The Democrats need a net gain of 4 seats to retake the Senate majority, and according to U.S. media predictions, the Democrats have flipped and won in the Senate elections in North Carolina and South Carolina.

Zach Pandl, the head of research at Grayscale, published an analysis article pointing out that although the hacking attack on Binance on October 19 raised the security losses in the cryptocurrency industry to over $8 billion, a new high for 2026, the proportion of security losses relative to the total market value of cryptocurrencies has significantly decreased in the long term. Currently, Binance has covered 95% of the affected assets, and customers will not bear the losses.Stablecoin issuers like Tether and Circle have assisted in freezing approximately $2.9 billion of stolen funds, accounting for about 45% of the total stolen amount, which is expected to be returned to Binance. Zach Pandl believes that while this incident has temporarily impacted market confidence, it will ultimately drive all exchanges to establish stricter security practices, while also highlighting the importance of institutional-grade custody, prompting more U.S. investors to gain exposure to cryptocurrency assets through exchanges that offer protections such as segregated accounts, cold storage, multi-signature, and commercial insurance.

According to Gelonghui, Xiao Yuanqi, Deputy Director of the China Financial Regulatory Bureau, stated at the Fifth International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that a large influx of capital into the technology sector and leading enterprises has raised the leverage levels in these areas, which may lead to excessive expansion.Xiao Yuanqi mentioned that the excessive concentration of capital has an crowding-out effect on traditional industries, raising the borrowing costs for these enterprises, increasing their financial burdens, weakening their ability to reinvest and expand production, and also increasing credit risks. He believes that policymakers should develop corresponding policy frameworks in advance for the AI-driven economic transformation to strengthen macroeconomic management and prevent economic and financial risks.

The marketing head of mETH Protocol, Jowella Lim (X account speicherx), announced that she has rejoined the Ethereum Layer 2 network Mantle, responsible for product marketing. She stated that Mantle has the opportunity to bring global stock exposure on-chain, and the product mStocks is in progress. The official Mantle account responded by welcoming her back.Jowella Lim mentioned that she has made a clear choice regarding her career direction. She noted that this year, areas such as tokenization, perpetual contracts, prediction markets, payments, and stablecoins are developing rapidly, making the team's direction more attractive to her. Her goal is to enhance the visibility of products and assets currently on Mantle and collaborate with ecosystem partners Bybit and Byreal. She also expressed confidence that Mantle will continue to grow among projects built for on-chain adoption.According to her personal website, Jowella Lim has been engaged in marketing at Mantle since April 2024 and has served as the marketing head of the mETH Protocol, incubated by Mantle, since January 2025, being the first marketing employee. The website states that the protocol's peak locked value is $2.19 billion. On the same day, a discussion on the MIP-36 draft appeared in the Mantle forum, proposing to confirm Halo Prime Limited as a strategic partner and issuer of mStocks, describing mStocks as tokenized certificates based on Mantle and linked to listed stocks, with the discussion not involving treasury funds. According to RootData, Mantle originated from BitDAO, completing $230 million in financing in June 2021 and $356 million through an IDO in August of the same year.

Ethereum Institutional announced the appointment of former UBS Executive Director Laurens Schepens as the Head of Asia-Pacific, based in Singapore, responsible for promoting the adoption of Ethereum among financial institutions in the Asia-Pacific region.Schepens has over 15 years of experience in banking and financial services, previously overseeing UBS's digital asset business in the Asia-Pacific region and participating in the development and expansion of UBS Tokenize's tokenization services, covering structured products, funds, bonds, and equities.

On November 2nd at 7:30 PM, Li Jiaqi will start selling Tokens in the Tmall Double 11 live broadcast room. Alibaba Vice President and Qianwen Office Head Chen Yusen will be present, and the live broadcast room has also announced the distribution of 200 trillion Tokens. Also appearing will be AI computers pre-installed with Qianwen Office, AI transcription cards, and desktop robots.On September 3rd, Tmall launched the Token recharge center, connecting with vendors such as Alibaba Cloud, Zhipu, Kimi, and MiniMax, selling monthly subscription AI packages and pay-per-use recharge services, supporting card code redemption or direct recharge.

According to a report by the Korean News Agency, South Korea's Minister of Trade, Industry and Energy, Kim Jong-hwan, stated on November 2 at a public forum of the National Economic Advisory Council held in Seoul that the country will link three major projects: semiconductors, AI data centers, and physical AI, to create a national growth platform. The total investment plan for these three major projects is approximately 160 trillion Korean won, which is about 60% of the annual GDP of South Korea at the project's launch year.The government will promote the semiconductor factory's production timeline by at least two years through measures such as one-stop processing for licensing approvals and the formulation of the "Super Wide Area Special Zone Act." Kim Jong-hwan also proposed the M·E·G·A four major promotion strategies, which are to consolidate national power, encourage participation from all economic entities, create new growth momentum, and expand the effects of the results.

Lin Chen, the Head of Asia-Pacific Business at Deribit, stated that Coinbase and Deribit have confirmed the safety of assets and have completed a self-inspection, with no related risk points found at this time. He also expressed hope that the market can emerge from the shadows and enter the next bull market.

According to a report by the Science and Technology Innovation Board Daily on October 30, the artificial intelligence company Zero One Everything, founded by Kai-Fu Lee, has reached a cooperation agreement with Hangzhou City and Linping District. The municipal and district-level state-owned assets will jointly invest hundreds of millions in Zero One Everything, with the company's headquarters established in Linping, and it will create an industrial AI transformation base.The report states that Zero One Everything is currently in the Pre-IPO layout period, having previously set a 2027 IPO target and a performance target of 1.5 billion yuan in orders for 2026. The company's strategy has shifted from developing foundational large models to the industrial AI track, focusing on an AI transformation operating system.

The trading application Fomo's early investor and advisor HDF (@PaikCapital) announced joining the Fomo team as the head of perpetual contract business.HDF stated that he has been engaged in trading for ten years. The goal of joining Fomo is not only to enable everyone to trade perpetual contracts but also to build a network that can elevate the level of all traders.

Bitcoin fell below $80,000 on Tuesday, down about 0.4% since midnight UTC, briefly dropping to around $79,700. Ethereum decreased by 0.5%, and the DeFi index dropped by 1.8%, making it the largest decline among the indices tracked by CoinDesk.Meanwhile, the Korea Composite Stock Price Index (KOSPI) rose by 3.1%, and Asian tech stocks strengthened, but the crypto market failed to follow the rebound. On the macro front, the Federal Reserve will begin a two-day meeting on interest rates on Tuesday and announce its rate decision on Wednesday. CME FedWatch data shows that the market expects about a 90% probability that the Federal Reserve will keep interest rates unchanged, and traders will be watching for any potential rate hikes later in the year.In the options market, the $72,000 put option expiring on December 25 was the most traded Bitcoin option in the past 24 hours, and the 25 Delta put/call skew for Bitcoin across all maturities is positive, indicating that there is still demand for downside protection in the market.

Amira Valliani, the Head of Payment Growth at the Solana Foundation, stated that there are tokens in both the cryptocurrency and artificial intelligence fields, and tokens are merely a machine-readable format of assets.She believes that in the next 10 years, it will become evident that any asset can become a token.

The London Stock Exchange Group (LSEG) data shows that a tanker flying the Maltese flag, carrying 40,000 tons of Russian diesel, is heading to New York, USA.Previously, Russian President Vladimir Putin and U.S. President Donald Trump reached an agreement, with Russia agreeing to lift the diesel export ban and supply diesel to the global market to lower fuel prices.

Beating AI news reports that Wen Shilei, the head of ByteDance's commercialization GenAI R&D, has recently left the company, with his next stop likely being the embodied intelligence company Octopus Power, where he will serve as a partner. Wen Shilei joined Baidu in 2011, previously serving as the head of visual technology and chief architect of the smart city division, and has won Baidu's highest award twice. After moving to ByteDance in 2021, he initially focused on digital humans, XR, and other technologies, and later took charge of engineering R&D for generative AI in commercial scenarios such as advertising.This business line has recently lost several core leaders. Former head of the commercialization GenAI department, Peng Bingyue, left in July this year and subsequently joined Google; the former head of the China region, Yuan Zehuan, also left in July to pursue a startup in world modeling. With Wen Shilei's departure, the remaining team members have been reassigned to other departments.Octopus Power was founded in January 2026 by former Horizon and Jianzhihui Robotics executive Du Dalong, primarily developing world models for robots, dexterous hands, and data collection systems, having raised nearly 1 billion yuan in total financing by June this year. On October 15, Octopus Power confirmed that co-founder Liang Zhujin will leave; Liang Zhujin previously oversaw post-training and data operations, and it is currently unclear whether Wen Shilei will take over related responsibilities.

Ethereum Institutional official X platform has released a recruitment notice, currently hiring a head for the Asia-Pacific region in Tokyo. This role involves establishing partnerships with Japanese banks, financial market infrastructure institutions, asset management companies, and enterprises, as well as planning and organizing communication meetings and presentations aimed at financial institutions and institutional investors, promoting Ethereum as the infrastructure for next-generation financial services.Job requirements include 5 to 7 years of practical experience in banking, asset management, capital markets, payments, or financial infrastructure, proficiency in both Japanese and English at a business level, experience in the digital asset field, particularly in products or collaborative business with financial institutions and institutional investors, and a broad network with Japanese financial institutions and institutional investors.

AI Agent trading project NeoSoul announced today that Alan, former product head at Tencent and ByteDance, has been appointed as Chief Product Officer (CPO), fully responsible for product direction.Alan graduated from Tsinghua University and has worked on AI products at Tencent, ByteDance's TikTok, and SenseTime, with 8 years of Web3 experience. NeoSoul stated that it will continue to invest in product research and development, with a long-term focus on Agentic Trading.

Ethereum Institutional announced the appointment of David Duong as the head of the U.S. region, responsible for promoting collaboration with U.S. institutional investors to further engage institutions in the Ethereum ecosystem.David Duong previously served as the Global Head of Investment Research at Coinbase, focusing on cryptocurrency market research for institutional clients of the exchange, covering areas such as macroeconomic analysis, valuation models, and market structure. He has 17 years of experience in sell-side macro strategy research at HSBC, Santander Bank, and Deutsche Bank.