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Binance co-founder He Yi responded to rumors stating that she does indeed know Wan Hui, co-founder of the crypto venture capital firm Primitive Ventures, but there is no so-called situation of a close friend accompanying childbirth. She stated that even her own mother could not push a project to go live on Binance solely based on personal relationships; if a project succeeds solely due to personal connections, it indicates that Binance's own review capabilities are insufficient.He Yi also mentioned that there have been very few good projects in the cryptocurrency industry in recent years, with BNB being one of them, deserving of the trust of those who believe in Binance, but investment trading does not guarantee profits without losses. The era of 2017, where everything bought would rise, was a time of dividends, and very few remain now. The 2019 IEO was an exception because DEX had not developed at that time, and Binance had bargaining power; after DEX developed, Western VCs raised the prices of VC tokens.She further stated that Binance has never actively adopted unscrupulous methods to compete for market share in the past few years, and has always taken a straightforward defensive strategy in the face of competition. If anyone thinks they have not done well, they are welcome to criticize directly. Regarding IEOs, she said that at that time, market liquidity was concentrated on Binance, and the platform had a strong market dominance, which is why the issuance prices of new projects were generally low, giving participants the opportunity to gain profits.

In terms of the S&P 500, when the Republican Party controls Congress, 65% of respondents expect the U.S. stock market to accelerate or maintain its current pace of growth over the next 12 months (with an average monthly increase of about 1.3% this year); when the Democratic Party controls Congress and during a split Congress, this proportion is 37% and 44%, respectively.In terms of bonds, a Democratic-controlled Congress is considered more favorable, with 53% of respondents expecting U.S. Treasury yields to decline at that time, while the proportions for a split Congress and Republican control are 36% and 26%, respectively.

Some users reported on X that the usage quota for Grok Bot was consumed too quickly this week and asked if Musk could reset the quota.Musk replied that the service cost of Grok Bot is too high relative to its income to be sustainable.

According to a report by Bloomberg, a survey of 301 investors and financial professionals shows that if the Republican Party controls Congress, 29% of respondents expect Bitcoin to exceed $100,000 by the end of 2026; if the Democratic Party controls Congress, this percentage is 8%, and if both parties share control of Congress, it is 14%.The survey used Bitcoin's price of approximately $83,600 at the end of September as a benchmark. In the scenario where the Democratic Party controls Congress, 55% of respondents expect the price to drop by the end of the year but not below $60,000, while 16% expect it to fall below $60,000. The survey was conducted from October 2 to 17, with respondents including Bloomberg terminal clients and website subscribers.

Ethereum co-founder Vitalik Buterin stated that India accounts for about 17% of the global population and has a large number of developers working on Ethereum, zero-knowledge proofs, and other secure, privacy, and open technologies. However, the previous 11 Devcons or Devconnects have not been held in India.Vitalik expressed his anticipation to engage with the local community.

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.

Crypto journalist Eleanor Terrett posted that in response to questions about why Binance still claims user funds are safe after a $6 billion hack, a Binance spokesperson stated that customer funds were unaffected and that the funds that were transferred out came from one of the exchange's own hot wallets. Binance claims that most customer funds are stored in cold wallets and are only transferred to hot wallets when users withdraw.The spokesperson stated that most of Binance's daily operating income is held in the form of crypto assets, and the company retains a significant portion of this, reinvesting it into business and security development, as they believe in the long-term value of crypto assets and the industry.He stated, "This is precisely why we are able to immediately absorb such a large loss with our own funds."

Binance founder Zhao Changpeng responded to community users' comments regarding Bitcoin's resilience against declines, stating that considering the significant drop in traditional financial markets today, which exceeded that of the crypto market, Bitcoin's performance is quite surprising. Typically, a downturn in traditional financial markets drags down the crypto market as investors tend to sell off assets and hoard cash, but this time Bitcoin has shown remarkable resilience.Previously, some community users indicated that if the world's largest cryptocurrency exchange faced a hack exceeding $6 billion, they expected Bitcoin's price to suffer a severe setback; however, it only dropped about 3% that day, suggesting that the market bottom may be approaching.

Binance co-founder CZ and co-founder and Chief Customer Service Officer He Yi responded to the recent loss issues at Binance. CZ stated that previous analyses indicated that after USDT and USDC were frozen, Binance's total loss was approximately $1 billion, accounting for about 0.69% of its managed assets. He noted that the actual loss might be slightly higher than that figure, but Binance will bear it.He Yi replied that the company's annual revenue is sufficient to cover the losses, so there is no need to sell SpaceX shares for the time being. CZ then added that he did not mention selling SPCX shares, but merely listed some funding situations that might be known.

Binance customer service representative Sisi responded to community questions on social media, stating that this attack was not an event that could be completed through a single device; the starting point of the attack was a compromised employee's computer. Attacks on cryptocurrency institutions are usually highly targeted, and attackers often attempt to use complex methods to implement infiltration. Binance has discovered important clues related to the incident and has taken measures to control risks. Relevant investigations and tracing are still ongoing, and the platform's core risk control and emergency mechanisms have been activated.Regarding whether the engineer's permissions are too extensive, Sisi stated that this is not an incident where the attacker could directly use a specific engineer's permissions to complete a fund transfer, nor is it the result of a single person being able to operate with one click; the related anomalies involve a more complex attack process. At this stage, the investigation has not attributed responsibility to any individual, and the company will assume corresponding responsibilities while continuing to promote subsequent handling and security upgrades.Currently, there is no evidence of wallet private key leakage. The total losses from this incident will be fully borne by the SAFU fund and company funds, with no need for users to bear any costs. Approximately $3 billion in affected assets have been frozen on-chain, and Binance is cooperating with law enforcement and blockchain intelligence agencies to trace the funds, which are publicly traceable on-chain. Deposits are fully open and unaffected; withdrawals have been suspended as a precautionary measure and are expected to reopen within 48 hours, with specific timing subject to official announcements. Binance will continue to update progress while ensuring the accuracy of the investigation and will publish detailed information and further security reinforcement measures after the incident is handled and reviewed.

Binance founder CZ posted on the X platform stating that user funds are safe (SAFU), and specifically mentioned He Yi working overnight with hundreds of Binance employees to handle the security incident during her pregnancy.CZ noted that many industry friends and even competitors, including those who previously had unfriendly relations, provided much-needed assistance. He described the incident as heartbreaking but emphasized that Binance will get through this tough time.

Yushu Technology disclosed its third-quarter report for 2026. The company's single-quarter revenue was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decline of 17.37%, with a nearly 50% decrease compared to the previous quarter.Regarding the profit decline, a relevant person from Yushu Technology's Board Secretary Office stated that it was mainly due to increased R&D investment in computing power and large model directions. This person also mentioned that looking at the longer term, the impact is controllable, and the single quarter only shows a phase change; currently, R&D investment relies on fundraising planning and will not be blindly increased.

CZ quoted a tweet regarding the new L1 plan for BNB Chain, stating "Multiple chains, one coin." According to the tweet citing the official BNB Chain documentation, the new L1 will coexist with BSC, connected through a native cross-chain bridge, will not issue a separate token, and will continue to use BNB for transaction fees, staking, and governance.The name of the new chain is yet to be determined, with a goal of 200 milliseconds block time and approximately 20 milliseconds transaction pre-confirmation. An internal multi-validator development network is currently running, with plans to launch a testnet by the end of 2026 and a mainnet in early 2027.

Dragonfly partner Haseeb Qureshi published a response to DFINITY founder Dominic Williams regarding the accusation of unauthorized use of threshold ECDSA signature technology by NEAR Intents. He shared screenshots of the relevant patent application, showing that the patent was not approved until the end of July this year and had been in "patent application" status prior to that. NEAR Intents modified the relevant algorithm in September this year. Haseeb Qureshi added that if what Dominic Williams claims is true, the so-called patent infringement may only involve about a month of time, and the relevant algorithm was originally published in an academic paper licensed under CC BY, which NEAR also cited in its implementation.

Recently, Sun Yuchen discussed his lawsuit against the Trump family's cryptocurrency project WLFI in a conversation with Jin Ming. He clearly stated that he remains firmly supportive of President Trump's cryptocurrency policy and AI strategy, believing it to be very successful.The reason for suing World Liberty Financial is entirely a normal action for commercial investors to protect their rights. The cause stems from the project's lack of investment transparency and insufficient information disclosure, even involving allegations of fraud. The case has been formally submitted to the federal court in California and is to be decided by a federal judge, which fully complies with the operation of the rule of law in the United States.Sun Yuchen further clarified that this lawsuit will not affect his judgment of the macro trends in the United States. He continues to hold a significant position in U.S. technology stocks and is optimistic about TRX being approved for a spot ETF in the U.S., the on-chain business of U.S. stocks, as well as expectations for a stronger dollar and the continued strength of the AI industry.Sun Yuchen believes that public opinion has exaggerated and complicated this lawsuit; in fact, it is simply a "business-to-business" lawsuit. Even if the agreement's subject matter involves 400 to 500 million dollars, it does not significantly impact his overall asset portfolio.Sun Yuchen also stated that he invests with the patience of an old hunter. Once he is thoroughly optimistic and makes a significant decision, he will invest at least 4 to 5 billion dollars or more in a single transaction.

According to market news, the ransomware/disclosure organization FulcrumSec publicly claimed to have continuously stolen about 10.6 TB of data from PingCAP's managed database service TiDB Cloud and released about 200 GB of the first phase sample.PingCAP issued a statement acknowledging that "some internal operational data" was accessed without authorization, but emphasized that it does not involve product vulnerabilities and will not affect the security of customer databases and business data. Companies such as Bitget and Baidu have collaborated with this data company.

The spokesperson of the Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter from AFP asked whether the U.S. government has requested federal agencies to stop using Chinese artificial intelligence products like DeepSeek, citing concerns about the potential transfer of sensitive data, and inquired about China's comments.Mao Ning stated that China has always opposed the generalization of the concept of national security and the politicization of technological and economic issues, and will firmly safeguard the legitimate rights and interests of Chinese enterprises. Previously, the U.S. government prohibited civilian agencies from using DeepSeek products.

Binance founder Zhao Changpeng responded to community user Spigg regarding the suggestion to launch a BNB phone, stating that he rarely disagrees with Spigg but holds a reserved attitude towards the idea of "walking around with a cryptocurrency phone."Previously, Spigg had proposed launching a BNB phone that natively supports wallets, instant payments and transfers, and can centrally access dApps in the BNB Chain ecosystem, believing that this model would provide a different experience on the BNB Chain.

Recently, there has been a viewpoint in the community that a 20% correction in the US stock market would trigger Bitcoin to plummet to $10,000. Crypto analyst Darkfost published an analysis indicating that if Bitcoin falls to $10,000, it would represent a decline of about 87% from the current price and a retracement of about 92% from its historical peak. Historically, Bitcoin has only experienced a maximum retracement of over 92% in 2011; the maximum retracements in 2015, 2019, 2022, and 2026 were 82.5%, 82.6%, 74.4%, and 54.2%, respectively.Darkfost further pointed out that during a correction of about 19.53% in the S&P 500 index, Bitcoin fell by about 80% in 2018. However, in April 2025, when the S&P 500 index also corrected by over 19%, Bitcoin only dropped by about 22%. Therefore, directly linking a 20% correction in the US stock market to Bitcoin falling to $10,000 lacks sufficient historical data support.

Michael Saylor, the founder of Bitcoin Strategy Company, responded to Bloomberg's interview regarding the possibility of MSCI's new index rules excluding MSTR. He stated that this move is not very important for Strategy, as the scale of funds they control is relatively small, but he is disappointed with MSCI's stance so far. Oil, natural gas, land, and machinery are all considered capital, while Bitcoin is not. This is a value judgment and actually reflects a bias against digital assets. They are like unregistered financial advisors, setting a "bad precedent" for the entire industry, and he hopes they will reconsider. Digital assets represent the future; MSCI may not want to participate in this future, but investors will not agree, and neither will the United States. If MSCI abandons the proposal to exclude MSTR, it would benefit the entire industry.Regarding the core controversy of whether Strategy belongs to companies with actual operating businesses, Michael Saylor compared it to banks and insurance companies. He believes these financial institutions sell credit and policies, while Strategy supports digital credit products with Bitcoin. Therefore, Strategy is an operating enterprise and should be viewed like other financial companies.