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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 Catcher Predict monitoring, in the market prediction on Polymarket for the "Magic vs. Raptors" event, the "Yes" option for the sub-market "Desmond Bane: Points O/U 14.5" has experienced a dramatic fluctuation in winning probability, soaring from 41% an hour ago to the current 67% (a fluctuation of 26%). Please note the impact of related breaking news.

Binance Co-CEO Richard Teng stated that Binance has reserved over $6.34 billion in company funds to compensate for the stolen assets, of which $5 billion is held in affected tokens, including USDC, USDT, BTC, ETH, and BNB. The remaining portion is being purchased through market and over-the-counter channels. He reiterated that the affected wallets are Binance's own hot wallets, and customer funds have not been used; the vast majority of user assets are stored in cold wallets.Regarding the details of the attack, Teng mentioned that this attack was not the work of a single individual and that the methods used were complex. Preliminary investigations pointed to an infected laptop, and subsequent investigations uncovered other points of breach. The attackers employed a self-destruct mechanism, destroying tools and traces while attacking, which increased the difficulty of tracking. The attackers also exploited the known EIP-7702 protocol to gain on-chain execution authorization for the hot wallet, which had not gone through Binance's normal approval controls. As a result, Binance suspended withdrawal services to investigate, rebuild, and retest the entire infrastructure.In terms of follow-up arrangements, Binance is rebuilding the withdrawal service and will only re-enable it after strict testing, aiming to restore withdrawals before the Sunday deadline in approximately 40 hours. Binance is also conducting a comprehensive security review of terminals, cloud platforms, key management, and signatures. Binance plans to release a complete proof of reserves (PoR) report by Monday at the latest and hopes to provide preliminary results before that. Additionally, Binance is collaborating with law enforcement, blockchain intelligence companies, token issuers, and other exchanges to track, freeze, and recover the stolen funds.

Blockchain data analysis company Chainalysis stated on X that investigators observed previously unseen money laundering patterns in the stolen funds from Binance. Thousands of transactions appeared in a short period, indicating that the attackers were using automated methods to obscure the trail of funds. The funds were not transferred in a single direction but circulated repeatedly among multiple addresses, often being sent back to addresses that had appeared earlier in the sequence.In an investigative article released the same day, the company assessed that the theft of approximately $6.4 billion from Binance was carried out by the North Korean cybercrime organization TraderTraitor, calling it one of the largest thefts in cryptocurrency history. The article noted that around 4:20 PM Eastern Time on October 29, funds began to flow out of Binance's hot wallet, involving multiple blockchains, with a total unauthorized outflow of approximately $6.4 billion. On Ethereum, the attackers used operational wallets funded through Tornado Cash to submit valid signature authorizations, allowing Binance's hot wallet to execute the code deployed by the attackers and sweep the assets.The article also stated that the attackers transferred $500 million in stablecoins to a wallet for exchange, converting $325 million in stablecoins to $285 million in ETH within nearly 20 minutes, and then transferred the remaining $175 million in stablecoins to a transit wallet. Related freezes began at 5:14 PM Eastern Time, and as of the publication of the article, approximately $2.8 billion had been frozen. Investigators also observed that multiple addresses first received exactly 1 TRX, then received and transferred out other funds, believing this repetitive sequence indicated a programmatic process in the fund transfers. The investigation is ongoing.

According to Lookonchain monitoring, a certain address closed a long position of 1,000 BTC and 10,000 ETH after holding for 4 months, making a profit of over 20 million dollars. Subsequently, it opened a short position of 13,000 ETH at 20 times leverage, worth 29 million dollars.

The issuer of synthetic US dollars USDe, Ethena, stated in a post on X that it is aware of potential security incidents related to Binance. Ethena indicated that all collateral with exchange exposure is held with an off-chain custodian, rather than directly on the exchange itself. Ethena mentioned that updates will be provided through its official account once more details about the incident are known.Subsequently, Ethena added that the total unrealized profit and loss exposure to Binance amounts to approximately 8.8 million dollars, significantly lower than the excess reserve fund of over 60 million dollars. Ethena stated that information regarding collateral and reserve funds can be found on its transparency page, and it will provide reserve proof executed by multiple external agencies within a few hours, published in that discussion thread.On the same day, Binance announced that it is investigating reports of potential security issues and will release verified information through official channels. Binance co-founder Changpeng Zhao stated that the situation appears to be an attack on Binance and expressed expectations that user funds will be fully covered.

Coinbase stated on platform X that it predicts the annualized revenue for Q3 will exceed 200 million dollars, with the number of daily traders increasing by over 60% month-over-month.Coinbase's market share of cryptocurrency trading volume has increased for the fourth consecutive quarter, nearly doubling compared to the same period last year; the average holding of USDC in its products has reached a record high for the 14th consecutive quarter, and the subscription volume for CB1 has reached a record high for the 5th consecutive quarter.

According to Gate market data, the S&P 500 Communication Services Sector Index has reached a new 14-month low, recently dropping by 6.9%.

In September, the actual personal consumption expenditure month-on-month rate in the United States was 0%, with the previous value revised from 0.6% to 0.5%.

The bank-oriented blockchain project Rayls announced that investors and the team have extended the vesting arrangement for the RLS token. The relevant tokens will be unlocked monthly over four years starting from May 2027, replacing the original unlocking plan scheduled for December 2026.Rayls stated that combined with the lock-up extension announced by the core developer Parfin in August this year, the two arrangements will reduce the circulating RLS by approximately 1.2 billion by 2027, about 25% less than the original plan. At the same time, over 500 million RLS will still be locked as of December 2026. Rayls claimed that the adjusted unlocking pace is slower and smoother. The project is positioned as on-chain infrastructure serving banks, with investors including ParaFi Capital, Framework, Valor Capital, and Alexia Ventures.

Bithumb stated that its internal mobile collaboration system DaouOffice was accessed without authorization by external parties, resulting in the theft of some personal information of customers and employees. This incident involves 6,444 customers, of which the data of 5,600 people is in an encrypted state and cannot be read, while 844 customers have confirmed that their personal information has been leaked. Additionally, the information of 715 employees and partners has also been affected.

According to The Defiant, Australian bank Westpac announced that starting in December, it will set a monthly limit of 10,000 Australian dollars on payments involving cryptocurrency for its customers, and it will not provide exemptions or arrangements for higher limits.Westpac also stated that withdrawals from cryptocurrency exchanges to Westpac accounts are not affected by this adjustment and will continue to be processed as before.

According to The Defiant, the Monero exchange service Wagyu has confirmed a data breach, with the leaked content involving Monero exchange order records.Cybersecurity company Hudson Rock discovered that the breach includes 4,580 orders, which associate public chain recharge transactions, Monero receiving addresses, and customer IP addresses.

Hacker News discussion thread shows that the number of new questions on the programming Q&A site Stack Overflow has fallen below 1,000 per month. The post was submitted by user babelfish and points to a public query chart from Stack Exchange Data Explorer, which has about 247 points and 223 comments.In the comments, some users indicated that the decline in the number of questions began before ChatGPT was publicly launched in November 2022, and that AI tools have accelerated the decline. Other users mentioned that the threshold for asking questions is high, the review process is strict, the community is not friendly enough to questioners, and that existing Q&A has already covered a large number of common issues.Some comments referenced logarithmic scale statistics across Stack Exchange sites, suggesting that the decline has become more pronounced since the launch of ChatGPT, and provided corresponding queries and charts as evidence.

According to the official announcement, Gate Money has recently adjusted the fee standards for its USD-named accounts. While continuing to offer free account opening services, the account management fee has been reduced from 2 USDT per month to 1 USDT, and the USD withdrawal fee has been lowered from 50 USDT per transaction to 25 USDT, with both fees seeing a reduction of 50%. In addition, VIP 5 and above users can enjoy a full waiver of the account management fee, further reducing the costs of account usage and cross-border fund management.Currently, Gate Money supports four major fiat currencies—USD, EUR, GBP, and AED—for cross-border deposits and withdrawals via SWIFT. Eligible users can open a USD bank account in their name with one click and complete fund transfers, asset exchanges, yield management, and daily payments through the Gate App, enhancing the convenience of multi-currency fund management.Additionally, Gate Money is launching a limited-time account opening reward activity, lasting until November 11 at 16:00 (UTC+8). Users who complete registration and identity verification, open a USD-named account for the first time, and complete a valid bank transfer will have the chance to receive a random reward of 2–100 USDT, with specific rules subject to the official announcement.

According to CBC, a federal judge in Miami, USA, sentenced 20-year-old Canadian man Trenton Johnston to 25 months in prison. Previously, he admitted to participating in a money laundering conspiracy and surrendered approximately 3.8 million dollars worth of stolen cryptocurrency.Johnston began his crimes in January 2024, impersonating Google technical support and representatives from cryptocurrency companies to trick victims into providing wallet access codes. In one case, he and an accomplice defrauded a victim in California of 185 bitcoins (worth about 13 million dollars at the time). He then used the stolen funds to purchase luxury items such as a Lamborghini Aventador SVJ, two BMWs, jewelry, and private jet rentals. Johnston has agreed to be deported back to Canada and is still facing drug possession charges in Florida.

According to an official report from Cointelegraph, the competition among cryptocurrency exchanges is undergoing transformation, with the industry's focus gradually shifting from trading data to users' broader daily financial needs. During TOKEN2049, Gate officially launched a one-stop financial service application, Gate Money, to lead this new competitive landscape.Dr. Han, the founder and CEO of Gate, pointed out that Gate Money aims to break down the barriers between traditional investments and daily consumption. It integrates users' named bank accounts, fiat currencies, cryptocurrency assets, and traditional financial holdings such as stocks and gold into the same account system, combined with the Gate Card that supports Apple Pay and Google Pay, as well as a Visa co-branded card, granting assets instant consumption capabilities. It also integrates various fiat currency deposits and withdrawals, on-chain transfers, instant exchanges, and up to 3.6% annualized wealth management, achieving a one-stop experience for asset management, appreciation, and payments.While expanding its business, Gate always places compliance and transparency at its core. Currently, the platform has obtained compliance qualifications in Malta, Dubai, Australia, and the United States; the platform's total reserves amount to $8.688 billion, with a comprehensive reserve ratio of 118.49%. The launch of Gate Money marks Gate's acceleration towards upgrading into a comprehensive financial ecosystem that encompasses daily payments and comprehensive asset management.

According to an exclusive report from "Du Jia," Douyin is currently testing exclusive interactive props for short drama scenes. Viewers can spend platform diamonds to send these props, which will trigger corresponding interactive effects in the short drama, allowing viewers to transition from simply "watching the drama" to paying for participation in the storyline.The report indicates that some short dramas will display entrances for props like "Iron Sand Palm · 1 Diamond" at key conflict points in the plot, with 1 diamond approximately equal to 0.1 yuan. This model opens up an interactive tipping monetization channel beyond traditional full episode unlock payments, advertisements, and short drama cards. In terms of industry background, current short drama revenue is highly concentrated among a few hit titles, putting significant pressure on small to medium projects to recoup costs, while one-time full episode payments filter out users who are only willing to make small payments. Prop payments will connect live tipping capabilities to short drama content, aiming to tap into the fragmented consumption potential of existing users.The report also warns that low-threshold props may provoke controversies related to deliberately creating conflicts and inducing consumption, requiring the platform to maintain ongoing regulation.