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According to Bloomberg, Wang Ruomeng, an official from China's National Development and Reform Commission, stated on Tuesday that China is accelerating the legislation of artificial intelligence, implementing full lifecycle supervision on the development and application of AI, covering aspects such as data and computing power.This set of standards aims to prevent the risks of increasingly powerful AI losing control and is considered one of the more comprehensive AI safety guidelines currently available. Regulation will involve major developers such as DeepSeek, Dark Side of the Moon, and Alibaba, which are pushing to create products that can compete with the top models from OpenAI and Anthropic.

According to reports from People's Financial News, Bao Chengchao, the chief strategist of the research department at CITIC Securities, pointed out in his latest insights that, compared to the global market, the valuation of domestic large-cap blue-chip stocks is at a relatively low level. The A-shares market is the only one among the U.S., Japan, South Korea, and A-shares where the AI relative to non-AI valuation premium is still higher than the historical mean. As of October 22, 2026, the PE ratio of A-shares for AI/non-AI is 4.4 times, which is at the 82nd percentile since 2016, while the same indicator for the U.S., Japan, and South Korea has fallen to the 1%, 17%, and 24% percentiles, respectively.The AI premium in overseas markets has largely been absorbed by the rise in non-AI valuations. The PE ratios for non-AI non-financial leaders in the U.S. and Japan are 33.5 times and 23.0 times, respectively, which are at the 98% and 95% percentiles in history. The overall PE ratio for A-shares related to domestic demand and manufacturing non-AI blue-chip stocks is only 15.6 times, which is at the 21% percentile in history. Bao Chengchao believes that this misalignment indicates that the large-cap blue-chip stocks related to domestic demand and manufacturing in A-shares have relatively ample room for valuation recovery.Bao Chengchao also stated that the realization of this space requires coordination with macro conditions. On the overseas front, if the AI spending cycle gradually approaches a downward turning point, long-term U.S. Treasury rates may also decline, leading to marginal improvements in the demand and valuation environment for global non-AI sectors. Domestically, the clear alignment of fiscal and monetary policies places a focus on expanding domestic demand, with increasing signals of marginal improvement in core indicators of domestic demand. If the decline in overseas interest rates and the recovery of the domestic economy create a phase resonance, the profit expectations and valuation constraints of large-cap blue-chip stocks in A-shares are expected to recover simultaneously.

Binance released security incident recovery update #6, announcing that starting from November 3 at 12:00 PM (Beijing time), the withdrawal function for more assets will be gradually reopened in batches, involving networks such as BSC, ETH, SOL, XRP, TRON, Arbitrum, Optimism, Base, etc. Supported assets include BTC, ETH, XRP, SOL, DOGE, ADA, LINK, SHIB, USD1, FDUSD, and others.Binance stated that not all assets will be immediately available for withdrawal, and the recovery will be gradually restored based on security checks and readiness. Due to high traffic, there may be delays or extended processing times during the initial withdrawal phase. Binance emphasized that the platform will bear all economic losses caused by this security incident and will not pass the losses onto users.

Arthur Hayes posted on the X platform that dollar liquidity is being replenished. Before the Federal Reserve and/or banks begin to expand their balance sheets, BTC is expected to weaken.

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.

Bitcoin dual-staking protocol b14g announced recovery progress, stating that the Core network executed a hard fork today, transferring and recovering 68,146,177.22 CORE from three addresses controlled by attackers through a one-time on-chain state adjustment, which accounts for 70.2% of the 97,045,563 affected CORE from the incident on October 31.This operation did not roll back transactions, mint new tokens, or change the total supply of CORE. The recovered tokens have not yet been allocated to affected users, and the related funds held or frozen by exchanges have not been returned. b14g stated that they are still verifying balances and formulating a distribution plan, and there is currently no official claims process.

Liquid Capital founder Yi Lihua stated that, based on the current situation, Binance's profits are sufficient to cover the losses from the recent theft, and there are no issues with asset security or liquidity, which is completely different from the FTX incident of the past. He believes that the core issue now is how trading platforms, including Binance, can prevent secondary theft.Market concerns are not just about the incident itself, but whether, in the AI era, the hacking capabilities have become unbalanced with the defense capabilities of trading platforms, and whether attackers have left other security vulnerabilities within the platform. He believes that trading platforms like Binance should provide users with detailed and reassuring security response plans.

The cross-chain protocol Symbiosis posted on platform X that it has discovered someone attempting to transfer funds related to the recent Binance attack through Symbiosis.The team is currently working hard to stop this and has contacted Binance. The existing screening mechanism of Symbiosis is designed for normal fund flows and has monitoring vulnerabilities for rapid and complex operations, which will be gradually improved. If user funds are in a pending or mistakenly rolled back state, they can contact the team for review and processing.

According to official news from Binance, the first batch of networks to resume withdrawals in phases after the security incident will be the Bitcoin network.Binance previously stated that it plans to launch the first phase of withdrawal service recovery from 14:00 to 17:00 Beijing time on November 1, and will gradually restore withdrawals for other networks and assets after completing security and readiness checks.

Binance co-founder He Yi responded to users on the X platform, stating that the current $6.3 billion has covered all stolen assets, and Binance still needs to go through formal processes to recover the frozen $3 billion.This response was directed at user @LIZHIGE2026 regarding whether the frozen USDT will be returned to Binance. He Yi also addressed concerns from the public about Binance's solvency, assuring users that they can feel at ease.

Binance released a second update on the security incident signed by Co-CEO He Yi and Richard Teng, stating that the technical team aims to begin phased withdrawals within approximately 34 hours, contingent on the completion of security checks; services such as deposits that were not affected are operating normally.Binance stated that it has reserved over $6.34 billion in funds, of which $5 billion consists of stolen tokens, covering about 80% of the affected amount, with the remaining portion being purchased through market and over-the-counter channels; the first reserve proof snapshot will be conducted within 12 hours, with results announced on November 2.In terms of investigation, in addition to the initially suspected laptop breach, other points of compromise have been discovered, and no evidence of wallet private key leakage has been found so far. Further technical findings are expected to be disclosed within approximately 48 hours.ChainCatcher previously reported that the losses from this incident are approximately $6.3 billion, with about $3 billion frozen on-chain.

According to market news, the United States Secret Service stated that investigators are collaborating with private sector partners, including Circle, to identify, freeze, track, and recover funds stolen from Binance.

According to CoinDesk, analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—believe that despite Binance experiencing a hack of approximately $6.3 billion, there are currently no sufficient signs indicating that this event will threaten the entire cryptocurrency market, and the previous trend of market recovery is unlikely to be interrupted.Cantor Fitzgerald analyst Ramsey El-Assal pointed out that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen about $800 million, Ripple has frozen about $200 million, and Binance claims that the total amount of frozen stolen funds is approximately $3 billion. He believes that the cryptocurrency industry is gradually enhancing its ability to respond to such security incidents and expects that after market panic subsides, cryptocurrency-related stocks like Coinbase, Robinhood, and Strategy are likely to rebound, advising investors to buy on dips.TD Cowen analyst Lance Vitanza believes that this attack exposes security weaknesses in Binance's own transaction signature infrastructure, rather than issues with the underlying technology of cryptocurrencies like Bitcoin. The market sell-off may provide an opportunity to increase holdings in Bitcoin and stocks of publicly traded companies that hold Bitcoin.Compass Point analysts believe that Binance has sufficient liquidity to cover the funding gap, expecting that its excess USDT reserves, BTC reserves, and USDC funds are enough to cover the losses. However, the firm also warns that Binance's compensation to customers may put pressure on the supply of stablecoins and could drive users to shift from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid.

Trader Killa posted that the collapse of FTX marked the bottom of the market, and this Binance hacking incident may have a similar effect. He believes that the best way to recover losses is to drive prices significantly higher rather than further declines, and mentioned that Binance holds billions of dollars in Bitcoin, having the financial strength to initiate billions of dollars in long positions, which may not be directly observed by retail investors.Killa also speculated that Binance may have generated about $1 billion in revenue through liquidation, slippage, and trading fees. Although the market may take some time to digest the short-term impact of this incident, he remains optimistic about the medium to long-term trend of the crypto market.

The Financial Services Agency of Japan (FSA) released a commissioned research report on overseas financial regulatory systems, totaling 609 pages, authored by the Japanese law firm Atsumi & Sakai. The report covers eight countries and regions, including the United States, the United Kingdom, the European Union, China, and Hong Kong, aiming to provide references for Japan's financial system planning and legislation.The report focuses on outlining the regulatory systems for cryptocurrency exchanges, stablecoins, and the tokenization of real-world assets (RWA) in various regions, including the U.S. "GENIUS Act," the EU MiCA regulations, the UK's stablecoin regulatory framework, and China's regulations on virtual currencies and RWAs to be released in February 2026.The report points out that, according to current Chinese regulations, the issuance, trading, and related services of RWA tokenization within the country are generally prohibited, except for businesses that have obtained approval from the competent authorities and rely on specific financial infrastructures. Additionally, the report discusses Hong Kong's expansion of the scope of tokenized securities trading and related market regulatory arrangements.

Binance founder Zhao Changpeng stated that the recovery work for token assets seems to have begun.He added that users pay transaction fees in the currency they are trading when using Binance, so Binance will naturally accumulate various tokens that it lists.Zhao Changpeng also emphasized: "User funds are safe!"

Synthetix posted on platform X that the SNX stolen from Binance has been recovered by Synthetix protocolDAO and is currently stored in the protocolDAO multi-signature wallet, to be returned at Binance's request. Synthetix has notified Binance.On-chain data shows that Synthetix protocolDAO has returned approximately 8.41 million SNX from the attacker's address, valued at about 1.53 million USD.