hang

Due to the implementation of Daylight Saving Time in the United States, the U.S. "small non-farm" data will be released at 21:15 Beijing time. The market generally expects that the October ADP new employment figures may drop to around 70,000. This data will influence the Federal Reserve's interest rate pricing for December and may trigger fluctuations in the prices of assets such as the U.S. dollar, U.S. stocks, and gold.

Binance founder Zhao Changpeng retweeted a lengthy statistical article regarding public opinion on Binance, stating that this is "another attack against Binance." The statistics cover approximately 78 hours from October 30 to November 2, during which 1,083 accounts posted 11,700 hostile messages about the Binance hacking incident, garnering approximately 20.93 million exposures, of which 3,354 were deemed false information.The statistics show that the related narratives shifted with Binance's official response points, including "insider," "insolvency," and "afraid to withdraw." Among the 641 most active accounts, 452 had collaborative associations; 89% of the accounts rarely mentioned Binance, with posting frequency during the incident rising to 24.6 times the baseline. During Binance's withdrawal recovery phase, mobilization posts such as "immediate withdrawal" and "bank run" reached a peak of 11.2 posts per hour.

According to reports from the Financial Associated Press, the A-share market rebounded quickly in the afternoon, with the Sci-Tech 50 Index rising nearly 10% and the ChiNext Index rising over 6%. The semiconductor industry ETFs collectively rose, with the semiconductor ETF Bosera (159582) and the semiconductor equipment ETF CMB (561980) hitting the daily limit. The total transaction amount in the Shanghai and Shenzhen markets reached 2.04 trillion yuan, an increase of 334.3 billion yuan compared to the previous trading day. Over 4,600 stocks in the entire market rose, with more than a hundred stocks hitting the daily limit.On the market, the semiconductor industry chain rose, with Jingyi Equipment, Torens, Huafeng Measurement and Control, Qiangyi Co., and Jiangfeng Electronics hitting the daily limit of 20%. Northern Huachuang, Tongfu Microelectronics, and Jinhaitong also hit the daily limit. In the precious metals sector, Xiaocheng Technology hit the daily limit of 20%, while Shanjin International, Zhaojin Gold, Sichuan Gold, Chifeng Gold, and Shengda Resources also hit the daily limit. Innovative drugs and CRO concepts experienced fluctuations and rises, with Jinling Pharmaceutical, WuXi AppTec, and Kailai Ying hitting the daily limit. Computing hardware stocks rebounded in the afternoon, with New Yisheng, Zhongji Xuchuang, and Changguang Huaxin rising over 10%.Robotics and physical AI concepts performed actively, with Yongzhen Co. achieving two consecutive limits, while Fulai New Materials and Zhongma Transmission hit the daily limit, and Suochen Technology hit the daily limit of 20%. On the downside, stocks related to the "sheep" category collectively weakened, with Aoyang Health, Sunshine Lighting, Sunshine Dairy, and Baiyang Co. hitting the daily limit. By the close, the Shanghai Composite Index rose 2.16%, the Shenzhen Component Index rose 4.22%, and the ChiNext Index rose 6.4%.

According to CoinDesk, Russia's largest stock exchange, the Moscow Exchange, plans to launch trading for Bitcoin, Ethereum, and USDT starting December 1, with trading hours from 06:50 to 23:50 Moscow time. The National Settlement Depository will be responsible for clearing, using same-day or next-day settlement, and providing swap tools to manage liquidity.Ordinary investors must pass a test and can purchase up to 300,000 rubles (approximately $3,700) of crypto assets per year through a single broker, while qualified investors have no limit. Both the Moscow Exchange and the National Settlement Depository were sanctioned by the U.S. Treasury in June 2024. Reports indicate that USDT is issued by Tether, which will freeze wallets on the U.S. Treasury's sanctions list. Anatoly Popov, Vice Chairman of the Moscow Exchange, has stated that under the new regulations, Russia's crypto trading volume could reach 4 trillion rubles, approximately $49 billion, in the first year.

According to monitoring by Lookonchain, the Binance hacker is continuously exchanging SOL for BTC. They first distribute SOL to multiple wallets and sell it for USDC; then, they transfer USDC to the Ethereum network via a cross-chain bridge and buy ETH, and finally, they exchange ETH for BTC through THORChain.

According to market news, a16z affiliated entities have deposited a total of approximately 32,860 HYPE into Gate, OKX, and Bybit.

According to the official announcement, Gate has officially launched stock trading services in Taiwan, covering the first batch of 19 stocks listed on the Taiwan Stock Exchange (TWSE), including Taiwan Semiconductor Manufacturing Company (2330), MediaTek (2454), Hon Hai Precision Industry (2317), Quanta Computer (2382), and other representative stocks, involving multiple fields such as semiconductors, AI servers, electronic manufacturing, and finance, further enriching the investment targets related to the global technology industry chain.In terms of trading mechanisms, users can directly use USDT through their Gate stock accounts to participate in Taiwan stock trading without needing to exchange for New Taiwan Dollars. Stock prices, market value of holdings, and profit and loss will be displayed in New Taiwan Dollars (TWD), and trading fees will be deducted in USDT based on the platform's rates and applicable exchange rates. Trading supports continuous bidding during regular trading days from 09:00 to 13:25 (UTC+8), allowing users to complete buying, selling, position management, and record inquiries using their existing stock accounts.With the official launch of Taiwan stocks, Gate's stock trading services now cover five major markets: US stocks, Hong Kong stocks, Korean stocks, Japanese stocks, and Taiwan stocks, supporting a total of over 12,800 stocks and ETF assets. This launch strengthens Gate TradFi's layout in the Asian capital market, and in the future, Gate will continue to expand into major global capital markets and asset classes, optimize trading functions and asset management experiences, and promote the integration of digital assets with traditional financial services.

According to the Science and Technology Innovation Board Daily, on November 4, 2026, the IPO guidance public announcement system on the official website of the China Securities Regulatory Commission showed that the Hong Kong-listed company Xizhi Technology (1879.HK, Shanghai Xizhi Technology Co., Ltd.) submitted an A-share IPO guidance filing to the Shanghai Securities Regulatory Bureau, with Guotai Junan as the guiding securities firm.Xizhi Technology was established in February 2018, with its registered location in Zhangjiang, Shanghai. Its main business is the research and development, and sales of optical interconnection and optical computing products. In 2025, the company achieved an operating income of 106 million yuan, with a net profit attributable to the parent company of -1.342 billion yuan. As of the close of the Hong Kong stock market on November 3, the company's total market value was approximately 14.7 billion Hong Kong dollars.

According to Bitcoin.com News, Brazilian cryptocurrency exchange Mercado Bitcoin disclosed on November 2 that it experienced a security incident, with approximately 38 million dollars in digital assets stolen. Additionally, Arkham Intelligence analyst Emmett Gallic estimated that the suspicious transfer amount exceeded 46 million dollars, and these two figures have yet to be verified.The exchange stated that users would not suffer asset losses due to this incident. The platform has suspended deposits, withdrawals, and platform services, and has notified the relevant authorities. Preliminary analysis indicates that the attackers may have controlled the transaction authorization signature credentials. According to Bitquery analysis, the suspicious transfers involved multiple chains including Ethereum, Bitcoin, Solana, Stellar, Arbitrum, Tron, and Polygon, with the specific method of intrusion yet to be determined.Mercado Bitcoin stated that it has collaborated with Tether, Circle, Paxos, BRL1, and Chainalysis to freeze 11 million dollars in assets and has identified other funds that can be frozen. The platform has not yet announced a specific time for restoring services.

Changxin Technology announced that the company recently received a proposal from Chairman Zhu Yiming, proposing to increase the repurchase amount from no less than 1 billion yuan (inclusive) and no more than 2 billion yuan (inclusive) to no less than 2.5 billion yuan (inclusive) and no more than 5 billion yuan (inclusive). According to market data, Changxin Technology's stock price is currently reported at 38.80 yuan.

Aave Pro has launched the collateral swap feature for Aave V4's Ethereum, Base, and Avalanche markets, allowing users to change collateral assets without having to close their positions.

The U.S. Commodity Futures Trading Commission (CFTC) has approved the first batch of perpetual futures contracts linked to U.S. individual stocks, allowing such products to be listed and traded on regulated exchanges in the U.S. for the first time.This means that U.S. investors will be able to trade individual stock perpetual contracts through regulated markets, further expanding the crossover between traditional stocks and the cryptocurrency derivatives market.

According to Cointelegraph, the Moscow Exchange plans to launch trading for Bitcoin, Ethereum, and Tether's USDT on December 1, calling it Russia's first organized digital currency market.The exchange stated that pilot trading will begin simultaneously as participants gradually access the platform, with trading relying on its existing stock market infrastructure and clearing completed through the National Clearing Center (NCC). Trading hours will be from 6:50 AM to 11:50 PM Moscow time, initially supporting same-day and next-day settlements as well as swap trading. Non-qualified investors must pass a test before purchasing cryptocurrencies, and each brokerage has an annual purchase limit of 300,000 rubles (approximately $3,700).The plan is advancing based on a cryptocurrency law in Russia, the main provisions of which took effect on September 1. This law allows regulated trading but still prohibits the use of cryptocurrencies for payment of goods and services within Russia. The Moscow Exchange and NCC have been under U.S. sanctions since June 2024, with the UK also imposing sanctions that year, and the EU listing them on the sanctions list in July 2026.Sergey Mendeleev, founder of the Russian cross-border payment platform Exved, told Cointelegraph that he doubts the market will attract significant demand and questions who would trade at a sanctioned exchange.He expects the trading conditions to lack competitiveness, comparing it to the precious metals accounts of Sberbank, and warns that investors may face "extremely outrageous spreads," believing that the product is completely unattractive to ordinary non-qualified investors. However, he is optimistic about its cross-border payment potential, stating that a venue allowing importers and exporters to buy and sell cryptocurrencies directly would be welcomed, but whether adding intermediaries is competitive in a market where traders negotiate spreads as low as 0.05% remains questionable.

According to a report by South Korea's News1, industry sources say that the Financial Services Commission (FSC) of South Korea held an emergency security inspection meeting on November 2 with major cryptocurrency exchanges and custodians, using the Binance theft incident as an opportunity to discuss increasing the proportion of cold wallet custody at exchanges. The current proposal is to raise this proportion from the 80% stipulated by the existing Virtual Asset User Protection Act to around 99%, which is maintained by some large exchanges.It is reported that the cold wallet custody ratio of Upbit user assets exceeds 99%, Bithumb is about 94%, Coinone is 85%, and exchanges like GOPAX are just above 80%. Industry insiders warn that increasing the ratio will reduce the assets available for immediate withdrawals in hot wallets, which may lead to withdrawal delays and increase the operational burden on small and medium-sized exchanges. In August of this year, Bithumb experienced delays of about 13 hours for withdrawals of some altcoins due to insufficient hot wallet balances. This proposal is still under discussion and has not yet been finalized.

Binance founder Zhao Changpeng responded for the first time to the incident of approximately $6.3 billion being stolen from Binance during an interview with Talking Tokens, stating that all hacking attacks are preventable and that a long period without security incidents can lead to complacency in enterprises.He pointed out that the frequency of hacking attacks on cryptocurrency exchanges has risen from about once a month to almost once a week, with AI accelerating the development of attack capabilities, while the industry's defensive capabilities have not kept pace. He called for the cryptocurrency industry to form a security alliance to share best security practices, conduct cross-audits, and achieve rapid coordination in freezing stolen funds, expressing hope to promote the establishment of this alliance.Regarding government cooperation, Zhao Changpeng stated that there has been no communication with Trump or Washington regarding this incident, but he hopes to receive assistance from the U.S. government. He also mentioned that when it comes to communication with North Korea, perhaps only the U.S. and China have the necessary conditions. Speaking about market reactions,Zhao Changpeng noted that on the day Binance was attacked, the decline in the cryptocurrency market was less than that of tech stocks, a situation that is almost unheard of. He believes this is due to Binance's prompt confirmation of user fund security and its ability to provide full compensation.He also revealed that less than 10% of the stolen funds flowed to other centralized exchanges; recently, some hardware wallets have also been attacked, and some users have returned their funds to Binance after comparing the security situations of different platforms. Binance switched from net outflow to net inflow within less than 24 hours based on hourly statistics.Regarding the future of the industry, Zhao Changpeng believes that AI will enhance the security of the cryptocurrency industry and software systems in the medium to long term, and may even detect vulnerabilities in blockchain software before quantum computing can crack the existing encryption systems. At the same time, AI will drive trading speeds far beyond current levels, and blockchain may become the only financial technology capable of supporting such trading speeds. He also reminded retail investors to strengthen the use of asset protection tools and to continuously pay attention to industry security dynamics.

Binance founder Changpeng Zhao stated in an interview, "Typically, after an attack event, some users do choose to withdraw their funds. Some large institutions are required by internal policies to withdraw funds, and some retail investors may follow suit.However, after withdrawing, users face another question: where is it safer to store their money? I personally have not suffered any financial losses on Binance because Binance has absorbed the losses caused by this incident. This event is indeed frightening, but the question is, where can I transfer my funds? Recently, several hardware wallets have also been attacked, including one supply chain attack and another involving the mnemonic phrase generation process. This means that even if users make no operational mistakes and strictly follow all security protocols, purchasing hardware wallets and generating mnemonic phrases, they could still lose all their funds five years later without any fault, and no institution will bear the losses.The first wave of impact has already occurred, and Binance has also been attacked and completed repairs. Next, the second wave of impact may affect smaller platforms, which may not necessarily be more secure. Therefore, some users may initially choose to withdraw, but later realize that they need to manage their mnemonic phrases and store their assets themselves. In fact, less than 10% of the funds flowed to other centralized trading platforms, which means that most of the funds may have been transferred to users' own self-custody wallets. However, using self-custody wallets is not without risks. Users must properly back up their mnemonic phrases and ensure they do not get lost or damaged.In fact, most losses suffered by users when self-custodying assets are not even caused by hacker attacks. Therefore, after weighing their options, users may reconsider depositing their funds back into trading platforms. In fact, within less than 24 hours, we have already seen a change in fund flows. I also saw a tweet earlier showing that the fund flow statistics for the platform have turned into a net inflow on an hourly basis, which actually reflects the strength of the platform and users' trust in it. I believe that in the coming weeks and even months, fund flows will continue to fluctuate. As we mentioned before, if the market re-enters a bull market, we will see more funds flowing in.I believe there are many aspects that need attention. First, the speed of technological development is very fast, especially AI, which is growing at an astonishing rate, and the trend of exponential growth even exceeds people's understanding. Secondly, I believe that the entire cryptocurrency industry is still under-invested in the security field. Frankly speaking, many AI security tools are not yet truly applied in the industry.Therefore, I encourage all practitioners to increase their investment in these areas, including increasing the number of security engineers, introducing more AI tools, and closely collaborating with AI security service providers. I believe these are crucial. For ordinary users, what we call retail investors, I suggest everyone actively learn about different security tools, understand how to protect their assets, and closely follow industry trends and relevant news. Especially at this current stage, all of this is very important."