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According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.047 billion USD, with long positions at 3.716 billion USD, accounting for 46.18% of the holdings, and short positions at 4.331 billion USD, accounting for 53.82%. The profit and loss for long positions is 90.9641 million USD, while for short positions it is -68.7405 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a full margin at a price of 2322.73 USD, currently showing an unrealized profit and loss of 7.957 million USD.

According to Onchain Lens monitoring, a whale who previously bought HYPE from Galaxy Digital has unstaked 304,600 HYPE after a 3-month silence, worth approximately 27.19 million USD.

According to Caixin, the Binance hacking incident may present opportunities for decentralized exchanges (DEX). Each time a major centralized exchange (CEX) experiences a sudden significant security incident or trust crisis, DEX and the entire DeFi sector tend to see a notable influx of capital and development opportunities, and this time is no exception.The advantage of DEX is that its security is guaranteed by computers and cryptography, preventing situations where malware is implanted or systems are breached due to social engineering attacks. The hard rules on-chain for DEX are strictly enforced, such as time locks and automatic circuit breakers. Even if hackers obtain the keys, they must still adhere to the rules set by the contracts.This security incident also once again sounds the alarm for "Not your keys, not your coins." A large number of users, due to concerns about the security of centralized custody, will withdraw their assets to personal cold wallets or on-chain non-custodial wallets. Once the assets flow back on-chain, the trading, liquidity mining, and wealth management demands of this portion of idle funds will be directly taken over by leading DEXs like Uniswap and Jupiter, driving a surge in DEX trading volume and total value locked (TVL) in the short term.

Binance released the second progress announcement regarding the security incident, disclosing two key timelines. The announcement was made at 3:33 AM on October 31 (UTC+8).Binance stated that it plans to conduct the first proof of reserves snapshot within 12 hours after the announcement and will publish the results before November 2; at the same time, the technical team's goal is to gradually restore withdrawal services within approximately 34 hours, depending on the progress of security checks.Based on the announcement time, Binance plans to complete the first proof of reserves snapshot by 3:33 PM on October 31, with the goal of starting a phased restoration of withdrawal services by 1:33 PM on November 1.Binance previously stated that it has prepared over $6.34 billion in company funds, of which approximately $5 billion worth of affected token assets are in place, covering about 80% of the stolen assets, with the remaining portion being purchased through on-chain and off-chain channels. Additionally, approximately $3 billion of affected assets have been frozen on-chain.

According to Chainalysis data, as of October 29, 2026, losses from suspected North Korean-related hacking attacks accounted for nearly 89% of the reported cryptocurrency hacking losses this year, compared to 15% in 2021.In terms of losses from individual attacks, the average loss from suspected North Korean-related attacks has increased from $50.65 million in 2021 to $185.65 million in 2026, approximately 3.7 times that of 2021.From 2021 to October 29, 2026, the reported cryptocurrency hacking losses have totaled $22.34 billion, of which losses from suspected North Korean-related attacks amounted to $13.24 billion, accounting for about 59% of the total.

The board of the Recall Foundation, a decentralized AI agent evaluation platform, announced that it will orderly liquidate the Recall Foundation in the short term, a decision made independently of Recall Labs. RECALL was launched in October 2025.Data from RootData shows that Recall has raised approximately $42 million in total funding. The board believes that continuing to develop the protocol is commercially unfeasible, and the announcement states that this decision was not caused by a hacking incident or security event.The foundation intends to transfer all RECALL it holds or controls to a designated empty address for destruction, expected to be 358,562,442 tokens, accounting for approximately 35.86% of the total supply of 1 billion tokens. After the destruction, the expected total supply will be 641,437,558 tokens. Holders will not receive any distributions, redemptions, or monetary compensation. Staked RECALL is not included in the destruction scope, and holders must un-stake and withdraw it themselves. From the date of the announcement, new un-staking applications will no longer have a 30-day cooling-off period.As of October 30, the foundation holds approximately $3.7 million in assets, intended to pay creditors and vendors about $3.45 million, liquidation costs of about $200,000, and reserve about $50,000 for contingencies. The foundation plans to voluntarily liquidate under Cayman law. On that day, new competitions and staking rewards will cease, and by November 30, the official application will switch to read-only mode, with final liquidation and destruction of remaining tokens expected to be completed in the first quarter of 2027.

Blockchain analysis company Chainalysis issued a security incident notification stating that this month, external attackers exploited Agentic Techniques to gain unauthorized access to its systems and internal tools. The team is currently investigating the unauthorized activities, patching vulnerabilities, and strengthening system security.Chainalysis stated that based on the evidence currently available, there are no signs of unauthorized access to the investigation content (including charts, notes, and case information), transactions or query results, plaintext passwords, multi-factor authentication (MFA) keys, and user session tokens.However, some non-sensitive customer data has been accessed, including platform user IDs, names, email addresses, and organizational role information, involving relevant customers and their organizational members. Chainalysis is confirming the specific affected records and will release further details later.Chainalysis specifically emphasized that this security incident is unrelated to the recent theft of cryptocurrency assets from Binance.

According to the market information platform Liquid247.xyz, the current price of BTC is $77,352. The thickest order book is on Binance spot: buy orders amount to $14,703,300, and sell orders amount to $7,243,700, with buy orders exceeding sell orders by $7,459,600.Coinbase spot and OKX perpetual buy orders are also thicker than sell orders, but the scale is smaller than that of Binance spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

Market news reports that Google (GOOG.O) is in talks with the Pentagon regarding the "Iron Dome" project.

Standard & Poor's has downgraded the outlook for Meta Platforms (META.O) to negative due to significant uncertainty surrounding its capital expenditures and free operating cash flow.

The enforcement director of the U.S. Securities and Exchange Commission stated that the agency is reviewing the information disclosure of artificial intelligence companies.

Zhao Changpeng responded to discussions regarding the scale of the theft at Binance and the reaction of BTC prices, stating that this $6.3 billion theft is the largest in terms of dollar value, but not when measured by the quantity of BTC. He cited the Mt. Gox incident, which involved 650,000 BTC, accounting for over 5% of the BTC supply at that time, emphasizing that assessing market impact cannot rely solely on dollar amounts.He believes that attention should also be paid to the number of affected users and the proportion of affected assets relative to user assets. According to him, in both the Mt. Gox and FTX incidents, nearly all users and their assets were impacted. The more critical issue is who ultimately bears the loss, whether the platform can fully cover it, rather than letting users suffer the losses.Zhao Changpeng stated that this incident remains a significant disaster for the industry, Binance, and himself, but they can withstand this shock. He emphasized, "The most important thing is that we protect our users."

The founder and CEO of trading company DRW, Don Wilson, published an article raising several questions about the New York Stock Exchange's parent company's push to introduce the decentralized perpetual contract platform Hyperliquid to the U.S. market. He also expressed gratitude to CFTC Chairman Selig and the Trump administration for making such experiments possible and stated that only the market can determine whether an arrangement is useful.Don Wilson: What are the benefits of trading perpetual contracts on a regulated exchange in an on-chain manner? He believes the main advantage of on-chain trading is the reduction of friction in a trustless, identity-verification-free environment, or receiving the purchased assets in real-time through atomic transactions; however, perpetual contracts themselves are not assets, so the latter benefit does not apply.He also specifically mentioned Stan Druckenmiller, asking whether he is aware that positions and transactions on Hyperliquid can be tracked in real-time and whether he sees this as an advantage. Additionally, he noted that Hyperliquid's priority fee mechanism allows participants to pay to see information earlier or to move their orders ahead in the queue, and he inquired whether this aligns with CFTC core principles.Don Wilson further asked whether the liquidity of offshore order books can be merged with onshore order books; if not, whether listing perpetual contracts on regulated exchanges using traditional centralized order books is preferable to bearing the inefficiencies brought by on-chain matching.Previously, Intercontinental Exchange (ICE) and trade[XYZ] announced plans to deploy a perpetual contract market covering crypto assets, stocks, commodities, foreign exchange, and other physical assets for U.S. traders based on Hyperliquid infrastructure, pending regulatory approval, with ICE operating the regulated market and clearing framework.

According to a Reuters report citing an interview with CNBC, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that the CFTC hopes to provide a federal-level option for exchanges like Binance to register with the CFTC in light of the recent hacking incident.Selig previously mentioned that federal registration is a voluntary path for exchanges rather than a mandatory requirement, and that requiring all cryptocurrency exchanges to register can only be achieved through congressional legislation; however, retail cryptocurrency trading involving margin, leverage, or financing must fall under federal regulation.The CFTC issued a notice of proposed rulemaking regarding relevant retail cryptocurrency trading rules on October 5, with the comment period ending on December 14.

Bonk Guy posted that BTC has fallen from about $79,000 to about $77,000, with most altcoins following with slight declines, but overall performance is stronger than BTC.He believes that Binance seems to have repurchased most of the stolen tokens from the theft incident, with the involved funds amounting to about $6.3 billion, of which about half (approximately $3 billion) has been frozen and is expected to be returned to Binance, while the remaining portion is also expected to recover most of it within a reasonable timeframe.Bonk Guy assesses that BTC may dip slightly again to form a local low, after which the market may turn positive in the coming weeks to months, and most of the downward pressure on altcoins may have been released, leaning towards going long on altcoins and gradually dollar-cost averaging during pullbacks.

Starknet posted on platform X stating that account abstraction allows for changing the verification logic while keeping the address, balance, and history unchanged, thus switching to a post-quantum signature scheme without modifying the protocol.Starknet stated that as an Ethereum L2, its settlement, data publishing, and cross-chain bridges still rely on Ethereum and elliptic curve cryptography; researching an independent L1 would allow it to set its own cryptographic schemes and migration timelines. The independent L1 is still a research direction, STRK remains the native token, and there are currently no plans to issue new tokens. Any decision to migrate to L1 must go through a binding governance vote.

Liquid Capital founder Yi Lihua stated that the trading process is not easy. Previously, while maintaining a bullish outlook, the market experienced multiple corrections; after the price rose to $86,000, he insisted on looking for corrections, during which there were also several rebounds, even reaching $87,000. In the past month, the price has repeatedly fallen back to the $80,000 to $81,000 range before quickly rebounding to the key position of $84,000.He emphasized that both the rise and the correction are not linear, and one should not always think about trading, but rather adhere to the principle of "looking for corrections without shorting," patiently waiting for the best bottom-fishing opportunity. He mentioned that he founded and manages three different funds, focusing on cryptocurrency investment, cryptocurrency trading, and AI technology, with cryptocurrency trading being the most challenging, described as "a practice against human nature." He raised the question of whether investors will still have the confidence to bottom-fish in the face of the upcoming extreme panic, which is worth contemplating.Regarding the future market, he views what he calls Buffett being trapped in Google and Duan Yongping being trapped in Pop Mart as a temporary phenomenon, and believes that AI will continue to create miracles, monetary expansion will not stop, and high-quality AI stocks and cryptocurrency assets remain his favored trend direction.

Meta, Alphabet, and Intel saw significant stock price declines due to stock issuance, leading to losses for investors. Alphabet's financial report showed that advertising revenue fell short of expectations, and Intel's supply chain issues intensified market concerns, raising doubts about the sustainability of AI investments.