Important News from Last Night and This Morning (November 2 - November 3)

b14g: Core Network Recovers Approximately 68.15 Million Stolen CORE Through Hard Fork, Not Yet Distributed to Users

The Bitcoin dual-staking protocol b14g announced recovery progress, stating that the Core network executed a hard fork today, recovering 68,146,177.22 CORE from three addresses controlled by attackers through a one-time on-chain state adjustment. This amount represents about 70.2% of the 97,045,563 affected CORE from the incident on October 31. The operation did not roll back transactions, issue new tokens, or change the total supply of CORE. The recovered tokens have not yet been allocated to affected users, and funds held or frozen by exchanges have not been returned. b14g stated that it is still verifying balances and formulating a distribution plan, and there is currently no official claims process.

21shares: Bitcoin Rises 42.7% in Q3 2026, Spot ETFs Replace Public Companies as Major Buyers

The Bitcoin market report for Q3 2026 released by 21shares shows that Bitcoin rose 42.7% in the third quarter. In terms of demand structure, U.S. spot Bitcoin ETFs net added 79,800 BTC, valued at approximately $6.2 billion, nearly double the new mining supply of 41,300 BTC during the same period, replacing Bitcoin reserve companies as the main source of market demand. In contrast, the purchasing scale of Bitcoin reserve companies dropped from $7.1 billion in Q2 to about $1 billion in Q3.

Meanwhile, long-term holders reduced their holdings by 248,000 BTC in Q3, valued at approximately $17.4 billion, nearly three times the ETF's net increase during the same period. For miners, in September 2026, miner revenue exceeded estimated total mining costs by 6%, ending a previous streak of 10 months below the breakeven line. BTC transaction fees only covered 0.67% of the Bitcoin network's security costs of $2.96 billion in Q3; based on the price and network hash rate in September 2026, post-halving in 2028, block reward income is expected to cover only 80% of miners' electricity costs.

ZachXBT: EU Entity Suspected of Losing Over $106 Million from Multiple Exchange Accounts

On-chain detective ZachXBT issued a community alert on its Telegram channel, stating that an EU entity is suspected of losing over $106 million from multiple centralized exchange accounts on November 1, with the allegedly stolen funds withdrawn by criminals in the form of USDC and USDT. In the past 24 hours, the criminals have been converting large amounts of USDC into ETH, transferring to instant exchange platforms like WellWallet and Kyrrex, converting to XMR through Wagyu, and cross-chain transferring to multiple chains. ZachXBT also disclosed 11 involved addresses.

Binance: Zero-Knowledge Proof of Reserve Snapshot Generated on October 31, Asset Recovery Progress at 95%

The zero-knowledge proof (ZK Proof) of the reserve proof (PoR) snapshot taken at 00:00 (UTC) on October 31, 2026, has been completed. Users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC can verify their balances through Binance's PoR verification tool to ensure they have at least 1:1 reserve support. Binance stated that approximately 95% of the affected assets from this security incident have been recovered, with the remaining 5% being tokens with relatively low liquidity outside the top ten, requiring more time to acquire. Binance plans to conduct a new round of snapshots covering more tokens on November 4, with the complete zero-knowledge proof expected to take about 40 to 50 hours to generate; it also plans to gradually restore more network and asset withdrawals tomorrow. Binance reiterated that losses from stolen funds will be borne by Binance, not users.

Strategy Increased Holdings by 811 BTC Last Week and Repurchased $208 Million STRC

According to an 8-K filing submitted by Strategy to the U.S. SEC, from October 26 to November 1, Strategy purchased 811 BTC for approximately $65.5 million, at an average price of about $80,846 per coin; as of November 1, it holds a total of 849,327 BTC, with a total cost of approximately $64.08 billion, at an average price of about $75,451 per coin. During the same period, Strategy sold 1,178,552 shares of MSTR common stock through ATM, raising a net of $164 million, of which $65.5 million was used for purchasing Bitcoin, and the remaining $98.5 million was accounted as USD Cash. Additionally, Strategy used $208.2 million USD Cash to repurchase 2,092,035 shares of STRC preferred stock and spent $43.4 million from USD Reserve to pay preferred stock dividends. As of November 1, the balances of USD Reserve and USD Cash are $4.79 billion and $132.7 million, respectively.

Strive Increased Holdings by 124 BTC, Total Holdings Reached 43,124 BTC

Strive (ASST) increased its holdings by 124 BTC for approximately $10 million, with an average cost of $80,526 per coin, currently holding a total of 43,124 BTC. Most of the funds for this purchase came from the company's existing cash. Strive financed through SATS' market price issuance (ATM) for the first time, with all ATM financing this week coming from SATS. The company's current Amplification Ratio is 62.7%.

BitMine Increased Holdings by 8,573 ETH Last Week, Total Holdings Reached 6.06 Million ETH

BitMine (BMNR) announced an increase of 8,573 ETH last week. As of November 1, its ETH holdings reached 6,060,506, accounting for approximately 4.9% of the total ETH supply. BitMine's total crypto assets, cash, marketable securities, and other investments amount to approximately $14.5 billion, including $498 million in cash and marketable securities, 216 BTC, $180 million equity in Beast Industries, and $82 million equity in Eightco Holdings (ORBS). Additionally, it has staked 5,227,037 ETH, accounting for 86% of its holdings, valued at approximately $11.8 billion at $2,261 per coin. Based on the current staking amount, the annualized staking income is approximately $358 million.

Crypto High-Frequency Trading Firm LO:TECH Completes $12 Million Series A Financing, Plans to Expand into New York and Singapore Markets

London-based high-frequency trading and market-making firm LO:TECH has completed a $12 million Series A financing, led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funds to expand into the New York and Singapore markets and further develop trading execution services in traditional finance, digital assets, and prediction markets.

LO:TECH was founded by Tim Meggs, Marcus Horsley, and Alex Williams, focusing on high-frequency trading and liquidity provision, executing tens of thousands of trades per second. The company's business includes proprietary trading, market data distribution, and trading technology services, and it has obtained a data distributor license from Kalshi.

Tokenized Infrastructure Company tZERO Plans to Go Public Through SPAC Merger, Valued at $350 Million

Tokenized infrastructure company tZERO announced it has signed a definitive business combination agreement with Nasdaq-listed SPAC FG Imperii Acquisition Corp. (FGII), valuing tZERO's pre-money equity at $350 million, of which up to $25 million is contingent upon achieving specific milestones. Following the merger, the company's stock is expected to be listed on NYSE American under the ticker "TZRO." The company could receive up to approximately $231 million in cash from FG Imperii's trust account, depending on public shareholder redemption. Both boards have unanimously approved the transaction, which is expected to close in early 2027. tZERO stated that in addition to going public, it will explore on-chain trading, custody, and other paths. Previously, ICE, the parent company of the New York Stock Exchange, had invested in tZERO.

Anthropic Reports Q3 Revenue of $17 Billion, Net Loss of $23.3 Billion

Anthropic submitted a revised S-1 filing to the U.S. SEC, disclosing financial data for Q3. The revenue for the quarter was approximately $17 billion, with a net loss of $23.29 billion. For the first three quarters, revenue was $33.24 billion, a year-on-year increase of approximately 1200%. The net loss for the same period was $104 billion, primarily due to changes in the fair value of convertible notes and derivative liabilities. The document shows that the total amount of purchase commitments and lease agreements signed by Anthropic is approximately $895.4 billion, almost entirely for computing power and infrastructure. Expenses for computing power and infrastructure increased by $14.4 billion year-on-year, with a growth rate of 329%.

Anthropic: Claude is Not Expected to Be Used in Fully Autonomous Mode, Future Cutting-Edge Models Will Require Human Oversight

As of September 30, Anthropic had $95.6 billion in cash. Anthropic's personnel expenses in Q3 were $1.71 billion, compared to $489 million in the same period last year. Anthropic also stated that decisions may contradict investor expectations.

Anthropic Reiterates Commitment to Keeping Claude Ad-Free. Claude is Not Expected to Be Used in Fully Autonomous Mode. The operating loss in Q3 was due to $5 billion in short-term computing power investments. Future cutting-edge models will require human oversight.

NYSE Partners with Wall Street Giant Broadridge to Provide On-Chain Shareholder Voting Services for Tokenized Stocks

The New York Stock Exchange (NYSE) announced a partnership with Wall Street financial services giant Broadridge Financial Solutions to provide on-chain governance and digital transfer agency services for its planned tokenized stock trading platform, covering functions such as shareholder record management, investor communication, and proxy voting. In the future, investors will be able to participate in shareholder voting through supported wallets, brokerage platforms, or Broadridge's existing ProxyVote service.

Broadridge will help retain traditional market shareholder rights while enabling tokenized stocks to trade on-chain. The company currently serves over 10,000 publicly traded companies worldwide, processing over $15 trillion in securities transaction settlements daily. Previously, Securitize and tZERO have also been included in the NYSE's transfer agency services for the tokenization platform.

SBI Holdings to Invest $100 Million in Erebor Bank to Expand U.S. Digital Banking Business

Japanese financial giant SBI Holdings announced it will invest $100 million in U.S. digital bank Erebor Bank through its U.S. subsidiary SBI Holdings USA. Erebor primarily serves companies in defense technology, AI, energy, robotics, and advanced manufacturing, supporting stablecoin deposits and withdrawals as well as blockchain-based round-the-clock settlements. SBI stated that this investment aims to strengthen its business foundation in the U.S. and deepen its understanding of next-generation digital banking, with plans to explore broader cooperation opportunities with Erebor in the future.

Erebor was co-founded in 2025 by Palmer Luckey, co-founder of Anduril Industries, along with Owen Rapaport and others. The bank has obtained a banking license from the Office of the Comptroller of the Currency (OCC) and deposit insurance from the Federal Deposit Insurance Corporation (FDIC), officially opening in February 2026. As of September 2026, the bank's deposits have exceeded $7 billion.

U.S. Midterm Elections Official Voting Day Today

Today (November 3), the U.S. midterm elections will officially commence voting. As of October 31 local time, a record 50 million people have voted early. This election is seen as a referendum on the performance of the Trump administration over the past two years and will impact the balance of power between the Republican and Democratic parties in Congress over the next two years, as well as their influence in various states.

Binance Reportedly Increases Rebates for Some Market Makers After Hack

Sources reveal that after suffering a theft of approximately $6.3 billion, Binance has contacted smaller market makers to increase their rebate incentives in the spot and futures markets. During a week-long promotional event, secondary and tertiary market makers will receive the same rebate rates as the highest-level tier-four market makers, aimed at encouraging smaller liquidity providers to quote and maintain a deeper order book. A Binance spokesperson stated, "Just as we value clear communication, we will take immediate action to maintain our core advantage: liquidity."

DeepSeek Launches "Creator Mode" for Harness, Enabling Users to Transform Ideas into Plugins

DeepSeek Harness announced on the X platform the launch of Creator Mode, allowing users to transform their ideas into directly usable plugins. Examples showcased by the official include design workspaces, sandbox games, and 3D LLM visualization tools. According to Bloomberg, this move aims to strengthen its AI Agent product. DeepSeek Harness is an open-source agent tool launched by DeepSeek, which has previously optimized its V4.1-Flash model for Harness. Additionally, the official DeepSeek Harness account has joined Bilibili and released its first video demonstrating this feature.

Circle Mints 1 Billion USDC on Solana Network in 10 Minutes

Between 02:12 and 02:22 (UTC+8), USDC Treasury minted a total of 1 billion USDC on the Solana network in four transactions of 250 million each. Solscan data shows that the receiving address is the USDC Treasury token account controlled by Circle, which currently holds approximately 1.756 billion USDC.

Crypto.com to Shut Down Hong Kong Consumer App in February Next Year

Crypto.com will shut down its consumer app in Hong Kong on February 1, 2027. Affected users have been notified in advance, and the company will provide guidance for account closure and assist users in orderly withdrawing funds. A spokesperson for Crypto.com stated that this move aims to optimize global operations and direct resources to markets with more sustainable long-term opportunities. This shutdown does not affect its application for a virtual asset trading platform license in Hong Kong through Foris DAX HK Limited, which is aimed at the institutional Crypto.com Exchange platform and is still pending approval from the Hong Kong Securities and Futures Commission.

New Jersey Withdraws Lawsuit Against Coinbase's Staking Services

Molly Abraham, a member of Coinbase's legal team, posted on the X platform that New Jersey has officially withdrawn its lawsuit against Coinbase's staking services and lifted the previous cease-and-desist order, allowing New Jersey users to resume staking services after a suspension of over three years. Abraham stated that Wisconsin, Maryland, California, and Washington are the next targets. Coinbase CEO Brian Armstrong retweeted, stating that New Jersey users will soon be able to participate in staking again.

U.S. SEC Adds New FAQ on Crypto Assets: Broad Governance Participants Typically Do Not Constitute Centralized Entities

According to the U.S. Securities and Exchange Commission (SEC) website, the SEC's Division of Corporation Finance updated its frequently asked questions (FAQ) on crypto assets on November 2, adding three new answers related to the classification of crypto assets. It states that participants in a functional crypto system's broad governance framework, if unrelated to each other and without a consensus action protocol, arrangement, or understanding, typically will not be considered "centralized entities." The same conclusion applies when the governance framework belongs to an organization, association, or foundation. The FAQ also states that "centralized entity 'oversight participation'" refers to the authority to control access to the crypto system at the protocol, validator, or user level, such as unilateral access or restrictions, and deciding or changing the voting process for software upgrades; "functional" and "decentralized" are two distinct concepts. The above FAQ represents the views of SEC staff and does not have legal effect.

North Korea Denies Involvement in Binance Theft, Calls Accusations "Fabrication"

North Korean state media KCNA stated that claims regarding North Korea being behind the theft of approximately $6.3 billion from Binance are "fabrications." Previously, the FBI attributed the attack to North Korea, and blockchain analysis firms such as Chainalysis and TRM Labs also linked it to North Korean-affiliated hacker group TraderTraitor.

Mercado Bitcoin: Security Incident Involves Assets Worth Approximately $38 Million, $11 Million Frozen

Brazilian crypto exchange Mercado Bitcoin posted on the X platform that the current security incident involves assets worth approximately $38 million, and it has collaborated with partners such as Tether, Circle, Paxos, BRL1, and Chainalysis to freeze $11 million. Other funds that can be frozen have been identified, and related handling is ongoing. The exchange reiterated that users will not suffer asset losses due to this security incident, and the service recovery timeline will only be announced through official channels.

Ethereum L2 Network Lisk Chain Shuts Down on November 2, New Lisk Transitions to Enterprise Financial Platform

According to the official blog, the Ethereum L2 network Lisk announced that Lisk Chain has shut down as of November 2, 2026, marking the official end of Lisk Chain and the launch of the new Lisk— a modern financial platform for enterprises. LSK will continue to serve as Lisk's loyalty token, operating on Ethereum.

Lisk Chain Shuts Down in Phases, User Services Halted First, Including Lisk Portal and Lisk Bridge. After the shutdown, approximately 5.2 million LSK remaining in the staking rewards contract will be burned, including unallocated and earned but unclaimed rewards, further reducing the total supply after the previous burning of 10 million LSK in September. The new Lisk is positioned as a modern financial platform for enterprises, integrating accounts, payments, and approvals into one workspace, supporting fiat and stablecoins, covering over 100 countries. The total supply of LSK is 300 million, with an inflation rate of 0%, and from 2027, enterprises will earn and use LSK on Lisk.

VanEck Executive: Citigroup Planned to Launch Institutional Bitcoin Custody Service Last Week, May Have Delayed Due to Binance Hack

Matthew Sigel, head of digital asset research at VanEck, stated that Citigroup's wealth management released a report titled "Expanding the Investable Universe: A Guide to Crypto ETFs," promoting spot BTC and ETH ETFs to suitable clients as a way to allocate digital assets beyond stocks and bonds through regulated brokerage accounts. Additionally, Citigroup announced on August 18 that its new Custody+ platform would begin holding Bitcoin for institutional clients this year.

Sigel noted that this would make Citigroup the sixth bank among the 29 globally systemically important banks to have launched or announced institutional Bitcoin custody, following BNY, Standard Chartered, Société Générale, State Street, and Deutsche Bank. BNY, Standard Chartered, and SG-Forge have been licensed and are serving institutions, while Deutsche Bank stated it would launch within weeks, and JPMorgan indicated it would not provide custody at this time. Sigel mentioned that the Binance hack incident last week may be one reason why Citigroup did not announce the timeline, as he heard the service was originally scheduled to launch last week.

Solflare: Has Entered High Security Alert Status, Closed Infrastructure and Code Access and Strengthened Change Approval

Vidor, co-founder of Solana ecosystem wallet Solflare, stated that Solflare has entered a high security alert status. Following the recent industry events, the company has closed access to infrastructure and code, requiring multiple approvals for all changes, and no new content is allowed. Vidor mentioned that this will slow down work, but he is okay with it.

Liquid: Network Bitcoin Reserves Fully Restored, All LBTC Have Been Restored to 1:1 BTC Support

Liquid Federation announced that the network's Bitcoin reserves have been fully restored, and all LBTC have been restored to 1:1 BTC support. In previous weeks, the exchange of BTC and LBTC has been restored, allowing users to transfer between Bitcoin and Liquid at a 1:1 ratio through participating providers. Liquid stated that these milestones mark significant progress in the recovery efforts.

Tom Lee: AI Stock Sell-off May Have Reached Bottom, Crypto Market's Reaction to Binance Incident Indicates Most Selling Pressure May Have Ended

Tom Lee, co-founder of Fundstrat and chairman of Bitmine, stated that the AI stock sell-off has likely reached a bottom. He believes that AI market demand is still supply-constrained and not due to overcapacity, and while spending restrictions have slowed growth, it does not mean the AI boom has peaked. Lee mentioned in an interview with CNBC, "I think we are at the bottom." He also acknowledged that it is difficult to determine the bottom as it is unclear how much more downside there is.

Lee also cited the crypto market's reaction to the Binance incident as evidence. He believes that if cryptocurrencies are leading indicators of risk appetite, the market has digested a significant amount of selling, and there may not be many remaining sellers. Market data shows that Bitcoin fell about 4% to around $76,400 that day, with a net outflow of $643.2 million from U.S. spot Bitcoin ETFs, marking the largest single-day outflow in October, with over $1.3 billion in leveraged positions being liquidated. Previously, Binance estimated that the incident affected around $6.3 billion and stated that it had frozen approximately $3 billion in affected assets, which would be covered by emergency reserves and company funds.

Fidelity Digital Assets Transfers 1,722 BTC to New Wallets, Approximately $132 Million

Fidelity Digital Assets transferred 1,722 BTC (approximately $132.1 million) to multiple new wallets within the past hour.

Wintermute: Market Remains Weak in the Short Term After Binance Incident, $76,800 is Next Key Support

Crypto market maker Wintermute noted in its latest market report that last week's market direction was determined by the Binance hack incident rather than the Federal Reserve and PCE data. Binance lost approximately $6.3 billion on October 29, reportedly linked to the North Korean-affiliated TraderTraitor, with about $3 billion frozen. The liquidation amount after the incident reached $1.5 billion, of which about 85% were long positions. Wintermute believes that the buying funds after this drop mainly come from leveraged perpetual contracts, lacking support from spot buying and new funds, and the market remains weak in the short term.

Wintermute stated that Bitcoin has fallen below the key level of $80,000, currently observing from around $78,000, with the 50-week moving average at approximately $76,800 as the next support. If Bitcoin recovers and holds above $80,000, with buying coming from spot and ETF funds, it will stop the short-term caution; if it falls below the 50-week moving average, further bearish outlook will be expected.

Later news indicates that Wintermute holds a short position of $101 million on Hyperliquid, with an unrealized profit of $3.35 million.

NEAR Governance Vote Passed, Plans to Reduce Maximum Annual Issuance Rate to 1.6% Over 24 Months

NEAR Protocol announced on platform X that its on-chain governance body, House of Stake, has voted to reduce the maximum annual issuance rate of NEAR from 2.5% to 1.6%, to be implemented in phases over 24 months. NEAR stated that token holders decided on core parameters through public voting, and the new rate will be rolled out according to the announced schedule, meaning a lower long-term issuance and a verifiable supply plan for anyone.

Subsequent processes include: the House of Stake Security Committee reviewing the results before approval; a grace period of about 90 days after approval; validators adopting the change through protocol upgrades to make it binding; token issuance will then gradually decrease each epoch, reaching 1.6% by the 24th month; quarterly reports will track whether actual issuance aligns with the plan.

Bitmine Accumulates 5,000 ETH from Kraken, Worth Approximately $11.37 Million

In the early hours of today, Bitmine accumulated 5,000 ETH (approximately $11.37 million) from Kraken, currently holding 4.9% of the total supply of Ethereum.

Tether CEO: Company Holds Approximately 150,000 Bitcoins, Global Users Exceed 730 Million

Tether CEO Paolo Ardoino disclosed during a speech at the Lugano Plan ₿ Forum that Tether holds approximately 150,000 Bitcoins, with over 730 million global users and about 30 million new wallets added each quarter. Ardoino also introduced the company's progress in open-source infrastructure in energy, communications, and AI: its investments in solar energy and battery kiosks in Africa have about 5,000 units serving 2 million users, with plans to expand to 100,000 units in five years; this also includes a Bitcoin mining framework, peer-to-peer communication layer Holepunch, WDK for self-custody wallets, and a small AI model QVAC that can run on mobile phones. Tether's previously disclosed third-quarter report showed it holds $122.8 billion in U.S. short-term Treasury bonds, with a net operating profit of $1.5 billion and excess reserves increasing to $7.95 billion.

Arthur Hayes: Dollar Liquidity is Reaccumulating, BTC Expected to Weaken Before Fed or Banks Expand Balance Sheets

Arthur Hayes stated on platform X that dollar liquidity is reaccumulating. Bitcoin is expected to perform weakly before the Fed and/or banks begin to expand their balance sheets.

AI Insights

Selected AI news worth paying attention to in the last 24 hours, helping you filter out the AI noise. Source: ++PANews AI Observation Room++

MIT CSAIL: Large Models Can Natively Read and Write Neural Network Weights

The MIT CSAIL team published a paper stating that GPT-6 Astra can determine network training objectives solely based on raw weights and can write a small game network from scratch without gradients or environmental feedback, outperforming a version trained for 100 million steps using PPO. Editing only 0.016% of the weights of Qwen3.5-0.8B, MATH-500 improved from 7.9% to 48.1%, and IFEval increased threefold.

Deep Principles Releases Open Source Research Model Hydrogen-1.0, Claims Scientific Tasks Exceed GPT-6-Astra

Hangzhou startup Deep Principles released its first open-source weight research model Hydrogen-1.0, based on Z.ai's GLM-5.3, using its own laboratory records and discovery trajectories for post-training. The official claim is that it achieved 38.3% on FrontierScience-Research, higher than GPT-6-Astra's 33.3%, priced at parity with GLM-5.3.

OpenAI Discloses Its AI Agent Abnormally Accessed Data from U.S. Government Websites

OpenAI stated that while reviewing unexpected behaviors of its model, it found that its AI agent accessed public information on two websites operated by the SEC in an unexpected manner, as well as data from the U.S. Census Bureau. The company reported no findings of using SEC credentials, accessing accounts, or non-public information, nor any alterations to data or systems.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.