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OKX founder and CEO Star released a meme titled "Kim Jong-un dressed as the Grim Reaper knocking on OKX's door," stating that seeing this cartoon made him feel both proud and under immense pressure. He claimed that he can responsibly say that OKX has always prioritized safety and the protection of customer assets as its lifeline. The past 13 years of safety records are backed by over a decade of continuous technological investment, engineering accumulation, security system construction, practical experience, and strict operational management.Star also mentioned that since the recent security incident at Binance, the entire OKX team has been very busy, with many colleagues in security, technology, and risk control working day and night. This is not because OKX has been attacked, but because any security incident faced by a large trading platform serves as a warning for the entire industry. During this time, the OKX team has been continuously working on four aspects: real-time tracking of stolen funds; comprehensively strengthening market risk control; in-depth analysis of attack patterns and potential vulnerabilities. Using the lessons from competitors as a mirror, they are re-evaluating their own security system. Star concluded by stating that in the face of security, the entire industry should stand together.

Binance was hacked for approximately 6.43 billion USD, with the attackers using about 12,000 wallets and completing over 40,000 transactions in less than 4 days, making the money laundering highly automated. Elliptic reported that about 2.85 billion USD (44%) has been frozen or seized, while the remaining 3.24 billion USD is still in the relevant addresses.

According to on-chain analysis platform Lookonchain, the Brazilian cryptocurrency exchange Mercado Bitcoin has been hacked, resulting in a loss of over 46 million dollars, with more than 9 million dollars of stolen assets already frozen.The hackers currently hold a total of approximately 9.2 million dollars worth of altcoins, which may face selling pressure. This includes 37.29 billion PEPE, valued at about 1.79 million dollars; 12,820 AAVE, valued at about 161 thousand dollars; 769,950 PENDLE, valued at about 135 thousand dollars; and 29,830 EVA, valued at about 126 thousand dollars.Additionally, it includes 1.98 million VIRTUAL, valued at about 115 thousand dollars; 147,840 UNI, valued at about 104 thousand dollars; and 2.67 million ONDO, valued at about 103 thousand dollars.

According to a report by the Korean News Agency, Palantir CEO Alex Karp stated in a letter to shareholders released with the third-quarter financial report on November 2 (local time) that alignment issues do exist, but the real problem is not aligning the goals of technological products with human interests, but rather aligning the goals of AI developers and customer interests with the public interest of humanity.The report interprets this as meaning that instead of being wary of AI entities being hostile to humans, we should be more cautious of large AI developers like Anthropic and OpenAI pursuing selfish goals. Karp has previously criticized AI developers for attempting to absorb core data and "alpha" (technological advantages) of enterprise clients into their own AI.

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.

According to a report by ZeroHedge, Tether CEO Paolo Ardoino revealed during a speech at the Lugano Plan ₿ Forum that Tether owns approximately 150,000 Bitcoins, has over 730 million global users, and adds about 30 million new wallets each quarter.According to Tether's third-quarter reserve attestation report, it directly holds approximately $122.8 billion in U.S. Treasury bonds, which amounts to about $132.4 billion when including repurchase agreements, with excess reserves reaching $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 no longer exists in the future, its open-source technology should still be able to continue operating.

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 by over 11% year-on-year; the total revenue for the year was $478.8 billion. This is the first financial report since Tim Cook took over as CEO in September, with both iPhone and services businesses reaching historical highs.

Onchain Lens stated that Binance experienced a net outflow of over 7 billion dollars in the past 48 hours, with a net outflow of 3.89 billion dollars in the past 24 hours and a net outflow of 14.74 billion dollars in the past 7 days.

Under the siege of node fragility, frequent outages, and the 10% rule for criminal funds, decentralized exchanges are facing a life-and-death battle concerning the survival of permissionless finance.

According to reports, Oracle ORCL.N plans to issue $10 billion worth of stock at a discount of 11%, with the expected offering price at $116 per share.

According to exclusive reports from Axios Pro, sources say that the computing power trading platform Ornn is negotiating the third tranche of its Series A financing, which could value the computing power trading startup at over $1 billion. If the deal is finalized, Ornn will become the highest-valued startup in the field.This negotiation follows Ornn's completion of the second tranche of Series A financing at a valuation of $800 million, just about four months after it completed its seed round financing. In June of this year, Ornn completed a $33 million seed round financing led by a16z crypto.Ornn primarily builds financial infrastructure for AI computing power, connecting neocloud with the GPU computing power of data centers to buyers willing to sign short-term contracts, and publishes a computing power price index, which has been integrated into Bloomberg terminals. The Intercontinental Exchange (ICE) plans to launch contracts linked to the Ornn computing power price index, but has not yet received regulatory approval.

Cryptocurrency market maker Wintermute pointed out in its latest market report that last week's market direction was determined by the Binance hacking incident rather than the Federal Reserve and PCE data. Binance lost approximately $6.3 billion on October 29, reportedly related to the North Korea-associated TraderTraitor, with about $3 billion frozen.The liquidation amount after the incident reached $1.5 billion, of which about 85% were long positions. Wintermute stated that the buying funds after this round of decline mainly came from leveraged perpetual contracts, lacking support from spot buying and new funds, indicating that the market remains weak in the short term. Bitcoin has fallen below the critical level of $80,000, currently observed around $78,000, with the 50-week moving average at approximately $76,800 being the next support level. If Bitcoin recovers and holds above $80,000, and buying comes from spot and ETF funds, it will stop the short-term caution; if it falls below the 50-week moving average, the bearish outlook will further intensify.

The public chain NEAR Protocol stated on X that its decentralized on-chain governance body, House of Stake, has voted to approve a proposal to reduce the annual maximum issuance rate of NEAR from 2.5% to 1.6%, to be implemented in phases over 24 months. Token holders adjusted this core parameter through public voting, and the new rate will take effect gradually per epoch according to the announced schedule.The proposal, numbered HSP-029, was put forward by Sal Ternullo from SVRN, and its forum status is approved. The proposal retains the original allocation ratio, with 90% going to staking participants and 10% entering the treasury, only adjusting the issuance cap parameter. Officials stated that the long-term issuance will decrease, and the supply schedule is available for verification.The subsequent process is as follows: the House of Stake Security Committee reviews the voting results before approval; after approval, there will be a grace period of about 90 days; the changes will only become binding after validators adopt them through protocol upgrades. Thereafter, the issuance rate will be gradually reduced each epoch, reaching 1.6% in the 24th month, and quarterly reports will track the actual issuance against the schedule.

The prediction market platforms Polymarket and Kalshi are optimistic about the Democratic Party controlling both the House of Representatives and the Senate in the 2026 U.S. midterm elections. Polymarket gives a 78% probability, with related market trading volume exceeding $58 million; Kalshi gives a 74% probability, with related contract trading volume exceeding $100 million.The individual Senate district markets on both platforms also favor Democratic candidates: James Talarico has a winning probability of 74% to 76% in Texas, Troy Jackson has 73% in Maine, and Abdul El-Sayed has 78% in Michigan. Traditional polls also indicate that the Democratic Party may experience a "blue wave."Kalshi CEO Tarek Mansour stated that this election is the first prediction market election, with related betting transactions exceeding $1.4 billion. However, the platform previously failed to predict Brazilian President Luiz Inácio Lula da Silva's victory in the runoff, and its impact on voter behavior and electoral credibility is also under scrutiny.

According to a post by Onchain Lens, Fidelity Digital Assets transferred 1,722 BTC (approximately 132 million USD) to multiple new wallets in the past hour.

The Liquid Federation of the Bitcoin sidechain Liquid announced that the network's Bitcoin reserves have been fully restored, re-establishing a 1:1 backing of all LBTC with BTC. Users can now transfer between Bitcoin and Liquid at a 1:1 ratio through participating exchange service providers.This development comes weeks after the restoration of BTC and LBTC swaps. The Liquid Federation stated that the network's Bitcoin reserves can be independently verified, and users running their own Liquid nodes can directly verify their reserve proofs. The reserve balances and network activities can also be viewed through a public dashboard. More initiatives and follow-up arrangements will be announced in the coming weeks.

The U.S. Treasury Department will announce a new round of quarterly refinancing plans this Wednesday. Several primary dealers expect that the Treasury will adjust its policy wording to create room for reducing the issuance of long-term government bonds next year, while also increasing the issuance of short-term bonds to fill the financing gap. Citigroup expects that the Treasury may start to cut the issuance of 20-year and 30-year government bonds from this month, which would deviate from the previous quarterly refinancing statement that maintained stable issuance guidance.

Overview of Important Market Events on November 2

Binance founder Zhao Changpeng added regarding the platform's recovery progress that there is one point that has not been mentioned before, which people might not even think of. Binance did not borrow money, did not sell assets, and did not raise funds; it completely used its own balance sheet to cover the stolen losses, which is different from other events that people have been trying to compare it to.

According to Onchain Lens monitoring, BitMine purchased 5,000 ETH from Kraken, worth approximately 11.37 million USD. As of now, BitMine holds about 4.9% of the total ETH supply.