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According to the official announcement, Gate has officially launched a new Proof of Security (PoSEC), becoming the first digital asset trading platform in the industry to propose a PoSEC security certification system, extending security verification from reserve adequacy to asset storage structure and risk protection.According to Gate's official page, as of the snapshot on November 4 at 08:00 (UTC+8), the platform's cold storage coverage rate reached 104.58%, with cold storage and hot wallet asset ratios being 88.26% and 11.74%, respectively. This means that according to the corresponding statistical criteria, even if all hot wallet assets are lost, cold storage can still cover all user assets. Currently, this data is being verified by an independent third-party auditing agency, and the report will be published on the official website once completed.In 2020, Gate was the first to launch an open-source Proof of Reserves (PoR) related program, and has since continued to strengthen a multi-layered security system that includes mechanisms such as the separation of cold and hot wallets, multi-signature, multi-party secure computation (MPC), and dynamic risk monitoring. The introduction of PoSEC further extends the verification of fund security from reserve adequacy to storage safety and extreme risk coverage capability, providing a new practical path for establishing a more comprehensive and transparent fund security standard for the industry.

The state of Arkansas in the United States has filed a lawsuit against the prediction market platform Kalshi, demanding that it cease the alleged illegal gambling activities. The state seeks compensation, recovery of unpaid taxes, and civil penalties in the lawsuit.Meanwhile, Kalshi continues to advance its federal appeal regarding the enforcement issues of gambling laws in various states.

According to the improvement proposal (PIP) disclosed by the Polygon community forum, a member proposed to zero out approximately 70.49 million native POL (approximately 6.5 million USD at about 0.0924 USD on October 29) from the addresses on the blacklist through a hard fork of the Polygon PoS mainnet and transfer it to a designated recovery address. Among these, approximately 23.86 million are related to Polymarket, and approximately 46.63 million are related to Binance, with the total supply remaining unchanged.The proposal is scheduled to be introduced at the protocol governance meeting on November 5 at 22:30 Beijing time, with the activation block and client version to be determined.

Bitcoin News posted on the X platform that Bitcoin security researcher Talip stated that his team discovered over 10,000 potential vulnerabilities using AI within two months.The team consists of volunteer engineers, and some findings have been assessed, disclosed, and fixed, while other disclosures are still ongoing. Talip mentioned that AI-generated findings need independent verification, as many of them may be false positives or exaggerate the severity of the vulnerabilities.

Bitcoin mining company Riot Platforms has signed a $28 billion AI leasing agreement, covering the entire site of its Corsicana campus.To fund the construction of data centers, Riot has sold a total of 20,264 bitcoins this year. The company's third-quarter performance shows that the mining business still contributes about 64% of its revenue.

Binance released an update on the progress of the security incident recovery, stating that approximately 98% of the affected assets have been replenished. Binance will continue to purchase the remaining token assets through market and over-the-counter trading channels. Due to the low liquidity of the remaining 2% of tokens, the purchase is expected to take some time.Binance stated that it will bear the full loss of the stolen funds from this incident and has reserved more than 100% of the total required assets from its own funds.Additionally, Binance completed a new round of reserve proof snapshots on November 4 at 8:00, expanding the number of tokens covered from 10 in the previous round to 44. The complete zero-knowledge proof is expected to take about 50 to 60 hours to generate, at which point users holding tokens within the coverage range can independently verify whether their account balances have at least 1:1 sufficient reserve support.

According to Bloomberg Law, citing informed sources, Binance has failed to obtain cybersecurity insurance. Following the hacker attack involving approximately $6.3 billion in stolen assets, it is expected that the losses covered by external commercial insurance will be limited.Binance currently holds directors and officers liability insurance, which may provide some protection against regulatory investigations and lawsuits targeting the company's directors or executives after the incident, but it does not directly cover the stolen cryptocurrency assets. According to the report, digital asset companies, even if they hold relevant insurance, may be subject to exclusions in the policy, and the specific compensation scope still depends on the policy terms.

According to official news from Chainlink, its Asia-Pacific stock data stream has expanded its coverage, involving over $40 trillion in stock markets in China, Japan, South Korea, Taiwan, and Hong Kong.Chainlink stated that the covered companies include TSMC, Tencent, Samsung, SK Hynix, and BYD, and the related data streams have been launched on Lighter, Jupiter, and Predict.

According to Bloomberg, citing informed sources, Binance holds Directors and Officers (D&O) liability insurance to address claims against executives from regulatory investigations or lawsuits, but like most cryptocurrency companies, Binance has been unable to obtain cyber insurance. Cyber insurance in the cryptocurrency sector is considered nearly impossible to acquire.Additionally, Binance's Secure Asset Fund for Users (SAFU) has no external insurance or reinsurance support. Even if some companies seek compensation through crypto, crime, or D&O policies, these policies typically contain numerous denial clauses.

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.