for

Informed sources say that the OPEC+ oil-producing countries are scheduled to hold a meeting on Sunday and have reached a preliminary agreement to maintain the December production target unchanged.

According to Cointelegraph, Strive CEO Matt Cole stated that the approximately $6.3 billion theft from Binance has not changed his long-term investment judgment on Bitcoin. Considering the scale of the attack and the overall market weakness, the decline in Bitcoin's price was less than he expected, but it is still too early to determine whether the price has bottomed out. Currently, the price of Bitcoin is about $77,400, down about 4% from before the attack began on Thursday. Strive previously disclosed that as of October 23, it held 43,000 BTC.Cole compared this wallet attack to a bank robbery, rather than a failure of the Bitcoin network. Paul Chapman, the financial crime chief at Wirex, also emphasized that the attack targeted a company's system, not the Bitcoin network itself.Regarding future trends, Cole believes the market is in an "early spring" recovery phase, which may last another 6 to 9 months, with prices gradually rising rather than rapidly hitting new highs. He stated that this incident would not change his investment logic regarding Bitcoin over any reasonable time span.In terms of historical market reactions, after Bybit was attacked for $1.5 billion in 2025, combined with overall market volatility, Bitcoin fell from nearly $100,000 to about $95,000, a decline of about 5%. Additionally, according to CNBC citing Anchorage Digital data, in the past, after cryptocurrency trading platforms were attacked, Bitcoin's average decline in the first 24 hours was 8.3%.The investigation into the attack is still ongoing. Blockaid CEO Ido Ben-Natan believes that the attackers may have exploited Binance's trading signature process, as his analysis found a transaction containing 50 signature authorizations, with matching authorizations allowing the code controlled by the attackers to execute through the wallet. Binance stated that as of Friday, no evidence of wallet private key leakage had been found.

According to Axios, a U.S. official stated that if the Republicans suffer a crushing defeat in the midterm elections, Trump may be more inclined to order a large-scale military action.The official said, "If Trump feels embarrassed or deprived of power, he will take bold actions. Everyone has told the Iranians this. Now is the best time for them to reach an agreement," however, a White House official stated that the election results will not affect Trump's decision-making on Iran.

According to CoinDesk, Bitwise's fourth-quarter staking report shows that the amount of staked Ethereum has reached 43.8 million ETH, accounting for 35.9% of the total supply, setting a new historical high; the net staking inflow in the third quarter was 1.99 million ETH, maintaining net inflows for six consecutive quarters. The active staking amount for Solana has increased to 440.5 million SOL.However, the staking yields for both networks have declined. The average annualized staking yield for Ethereum in the third quarter dropped from 2.81% in the second quarter to 2.63%, with 96.3% coming from ETH issuance. The gross staking yield for Solana fell from 6.38% to about 6%, with nearly 90% still coming from token issuance.The above data has not deducted service provider fees and does not equate to the actual yield received by clients. Coinbase stated that staking ETFs and digital asset treasury are broadening participation channels. Kean Gilbert, head of institutional relations at the Lido Foundation, pointed out that after custodial institutions support staking, institutions can participate through existing custodial relationships, and the current discussion has shifted to implementation issues such as validator decentralization, code audits, and fund staking ratios. Liquidity remains a constraint faced by institutions.Gilbert stated that funds typically need to meet redemption requests within one or two days, but ETH unstaking may take weeks, so they will retain some un-staked assets. He estimates that the average staking ratio for related products in Europe is only 50% to 60%. Liquid staking tokens can provide alternative exit channels, but actual sales still depend on market liquidity and prices.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale invested $114,000 in the event "Which party will win the House of Representatives in 2026," targeting the "Democratic Party." Based on the current transaction price, the latest corresponding winning probability for this subject is 95%.

Binance released a security incident update stating that the company had previously reserved over $6.34 billion of company funds to cover the stolen losses, with the coverage ratio at that time being approximately 80%, which has now increased to 90%. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% coverage, while the remaining related tokens will continue to be purchased through market and over-the-counter channels until the coverage ratio for all tokens reaches 100%. Binance stated that the financial impact of the stolen funds will be borne by the platform, not the users.The replenished funds come from a partial drawdown of the user security asset fund SAFU, a portion of the contract insurance fund, and Binance's company funds. The partial drawdown of SAFU is expected to occur within the next 24 hours. The remaining 10% consists of assets outside the aforementioned ten tokens with lower liquidity, and the time required for purchase may be longer.Binance completed a new reserve proof snapshot on October 31 at 00:00 (UTC) and updated it on the reserve proof page. The complete zero-knowledge proof is expected to take 40 to 50 hours to generate, approximately by November 3 (UTC). Withdrawal services will continue to progress according to the previous schedule, with plans to reopen on Sunday, November 1.Binance introduced that SAFU was established in July 2018 and is held and managed by Nest Clearing and Custody Limited, regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority. The company commits to replenishing the scale of SAFU to approximately $1 billion and clarifies that the partial drawdown of SAFU is for purchasing the remaining 10% of assets. After withdrawing the balance exceeding the stipulated level, the contract insurance fund remains above the coverage level required by the existing risk management framework; if the balance falls below the requirement, Binance will make up the difference with company funds.

According to a report by CNBC, data from Public Citizen shows that crypto-related organizations have donated over $200 million in this round of the U.S. election cycle, attempting to influence the 2026 midterm elections and push Congress to pass regulations favorable to the industry. One of the current priority goals for the industry is to promote comprehensive digital asset market structure legislation after the Clarity Act was stalled.Fairshake and its affiliated super PAC are supporting 33 House candidates, including 19 Republicans and 14 Democrats. Coinbase and Ripple each donated $25 million to Fairshake's midterm election efforts in 2025. The Ohio Senate election is a key battleground.Fairshake stated that this election cycle has spent $55 million opposing long-time critic of the crypto industry, Democratic candidate Sherrod Brown, whose opponent is pro-crypto Republican incumbent Senator Jon Husted.The advocacy organization Stand With Crypto, initiated by Coinbase, has endorsed 45 candidates, including 42 House candidates and 3 Senate candidates. The Clarity Act was stalled in the Senate in September, with Democratic lawmakers arguing that it is insufficient to prevent government officials from profiting from crypto businesses.Reports indicate that if the bill cannot advance by the end of the year, the new Congress will need to restart market structure legislation. Coinbase Vice Chairman Ryan VanGrack stated that regardless of who is elected, the industry will still gain more regulatory clarity, but there remains uncertainty about whether legislation can ultimately be completed.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale sold $74,471.48 in a single transaction regarding the event "Which swing states can the Republican Party win?" for "IA". Based on the current transaction price, the latest corresponding winning probability for this subject is 89%.

According to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for 38 consecutive days, with the latest at -0.2434%, as purchasing power in the U.S. market continues to remain sluggish.Previously, on August 24, the Coinbase Bitcoin Premium Index showed a positive signal for the first time since May 19, reporting 0.0052%, temporarily ending the longest historical negative premium period of 97 days. The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically indicates that Coinbase's prices are relatively low, reflecting weak buying interest or significant selling pressure in the U.S. market, but it should not be solely relied upon to conclude that institutional funds are flowing out.

Renowned trader Doctor Profit stated that although Bitcoin has lost the daily EMA50 and MA50 support in the $80,000 to $81,000 range after this black swan event, it is still within its bullish fractal structure. He emphasized that $76,000 is a key support level, as breaking through this area previously confirmed the start of a bull market. If it falls below this level, it would severely impact the bulls and pose a higher risk of dropping to the $67,000 to $69,000 range; as long as it holds above $76,000, he believes there is no need to panic for now.He views the recent market action as a large-scale washout that triggered significant liquidations and panic selling, and he still believes the bull market will continue. He stated that he is still holding long positions opened at $80,400 and all spot purchases made at $60,000. If it breaks below $76,000, he will acknowledge that his bullish judgment in the $80,000 to $81,000 range was incorrect, but he will not turn bearish; he still sees the current trend as a cleansing before the next round of upward movement.

Cryptocurrency trader Ansem shared in a post that the cryptocurrency market may have peaked earlier than the U.S. stock market in this cycle. If the recent rebound is merely a counter-trend bounce, and the U.S. stock market has just begun a larger-scale adjustment, then the cryptocurrency market may still face a new round of declines.Ansem pointed out that the risk appetite in this cycle has been largely driven by AI and the U.S. stock market trends, so it is worth considering the possibility that the cryptocurrency market does not peak in sync with the traditional stock market. However, he is not certain that the market will necessarily develop along this scenario and will remain open to judgment, paying attention to the price reactions of the two asset classes as they approach key price levels.He also stated that even if the cryptocurrency market and the U.S. stock market continue to decline in the short term, Bitcoin may bottom out before the overall stock market.

OKX's social media director, Haiteng, stated that some accounts are spreading the claim of "OKX being hacked," based on an on-chain transaction transferring funds from OKX to an "unknown wallet." He indicated that "unknown wallet" simply means that the on-chain monitoring platform has not yet identified the ownership of that address and does not imply that assets have been stolen; this transfer of 172 million USDT was an internal fund transfer conducted by OKX.Haiteng mentioned that OKX had previously issued a clarification through the same media channel, but there are still accounts interpreting normal on-chain transfers as hacker theft. He stated that when the industry faces security challenges, it is more important to collectively maintain trust rather than amplify panic with unverified claims.Haiteng also invited the on-chain monitoring platform Whale Alert to contact OKX, stating that the platform is willing to provide relevant address information to assist in improving labeling and reducing misunderstandings caused by unclear address ownership.

According to the official announcement, Bitget will implement dynamic leverage management for 21 foreign exchange currency pairs including EURUSD (Euro/US Dollar) and USDJPY (US Dollar/Japanese Yen) starting from November 1, with the maximum leverage upgraded to 2,000 times. The platform will also adopt a tiered margin calculation mechanism, applying corresponding margin rates to positions within different exposure ranges.This adjustment further enriches the CFD leverage configuration options, enhancing capital efficiency and strategy flexibility.

Binance co-founder He Yi responded to the "self-theft" allegations arising from the Binance theft incident on the X platform.He Yi stated that investing is often a test of judgment, logical reasoning, and the ability to extract effective information from complex data. Regarding some users' concerns about Binance's solvency, she expressed understanding and pointed out that Binance's trading volume, transaction fees, user scale, and BNB quarterly burn data are all publicly available information.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,240.80. The largest order book is on Binance spot: buy orders amount to $9,923,200, and sell orders amount to $6,551,500, with buy orders exceeding sell orders by $3,371,700.The perpetual buy orders on OKX 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.

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.