Hacking News
Arbitrum Council Moves Binance Hack Funds
Arbitrum's council moved $30 million of Binance hack funds without the hacker's key, rewriting one of the core contracts to do so, marking the second such incident in the year.
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Stories from the past month. Subscribers see every story as it happens, and the full history.
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DescriptionHacking News
XRP Whale Outflows on Binance Surge to 226M Units Amid Security Breach
XRP whale net flow on Binance reached a net outflow of 226 million units on October 29, far exceeding the 83 million‑unit outflow recorded in September 2022. The outflow occurred amid a security breach that is estimated to have stolen about $6.3 billion in assets, with North Korea linked to the attack. Binance has reportedly covered roughly 95 percent of the losses from the breach. Despite the hack, XRP’s price fell only slightly and recovered to around $1.25, while spot XRP ETFs saw positive inflows of $18.83 million in October.
News
Bitcoin and Ether Down, Fear Index at 26
Bitcoin is down 1.93% to $76,844.01 and Ether is down 1.65% to $2,253.98. The Fear & Greed index is at 26, indicating fear. Zcash has the biggest drop, down 10.9% on $182 million. Other cryptocurrencies like NEAR, SOXLB, and INTCB have also dropped significantly. Binance's November 2 update confirms the completion of its $6.3 billion hack recovery, with replenishment at about 95%. A Polymarket account bought Arizona Cardinals at 1.4 cents during a game, suggesting insider information or luck. The room is scared, and sellers are in control.
Hacking News
Polymarket Account Suffers Loss
A Polymarket account, trading as CutJalenHurts, bought Arizona Cardinals shares at 1.4 cents on Sunday, just before the Dallas Cowboys scored a 35-yard field goal. The account ended up with a loss of about $118,500 on the moneyline, despite Arizona winning the game 33–30 in overtime. The account started with a position in the Cowboys and added to it, but ultimately suffered a significant loss due to the market's fluctuation and the eventual outcome of the game.
News
U.S. Midterm Elections Impact Semiconductor Stocks
The U.S. midterm elections are scheduled for November 3, 2026, and are expected to influence market sentiment, technology regulation, government spending, and AI infrastructure investment. Key semiconductor stocks to watch include AMD ($AMD), Super Micro Computer ($SMCI), Arista Networks ($ANET), and the S&P 500 ETF ($SPY). AMD will release its Q3 2026 results on November 3, after market close, focusing on revenue growth, data-center performance, AI accelerator demand, profit margins, and management guidance.
Update
Ethereum Foundation Launches Challenge to Verify Ethereum Block Limits
The Ethereum Foundation has launched a technical challenge called evm.fast to prove a finite worst-case step bound for Ethereum block verification on a RISC-V model. The current best score is infinity. The challenge aims to establish predictable verification costs and mitigate attack risks by proving a uniform bound for block verification across all inputs. The challenge is open to contributors and does not include any monetary prizes or submission platforms.
News
Jim Cramer Calls Ralph Lauren Stock Top Apparel Pick
Jim Cramer, a prominent financial analyst, has called Ralph Lauren stock his top apparel pick ahead of the company's earnings report scheduled for Thursday. The recommendation comes after Ralph Lauren experienced a significant 380% rally in its stock price.
Update
Ethena’s Trading Team Can Approve Borrowers for USDe Lending
Ethena's institutional-lending framework allows its trading team to approve qualifying borrowers for assets backing USDe without individual Risk Committee votes. Borrower documents must be sent to the committee at least three business days before first funding. The committee retains oversight and call-in power, with borrower documents sent privately. The framework also sets loan-to-value rate cards shared monthly with the committee.
News
Putin Suggests Trilateral Summit with Trump and Xi
Russian President Vladimir Putin has proposed a trilateral summit with U.S. President Donald Trump and Chinese President Xi Jinping in Shenzhen, China, to negotiate a peace agreement for Ukraine. The meeting could coincide with the APEC summit on November 18-19. Trump has indicated his willingness to participate.
News
Analysts project S&P 500 earnings near $500 per share by 2028, Yardeni forecasts $450
Analysts continue to expect the S&P 500 earnings to average about $500 per share by 2028. Yardeni Research, however, projects earnings of $450 per share for the same year and describes the higher forecasts as overly optimistic. The commentary was published on BeInCrypto. No additional data or timelines were provided beyond the 2028 outlook. The article highlights the divergence between mainstream analyst expectations and Yardeni’s more conservative estimate.
News
China Regulator Warns AI Investment Crowds Out Traditional Industries
A senior official at China's financial regulator, Xiao Yuanqi, has warned that concentrated AI investment is driving up borrowing costs for traditional industries. He argues that global capital is flowing into technology sectors, leading to higher leverage levels and squeezing traditional companies. Xiao suggests targeted frameworks for macroeconomic management and financial risk prevention to address the economic shifts driven by AI.
New Web Product
Gate Launchpool's $USDT Net Deposit Pool Launch
Gate Launchpool has launched a new $USDT Net Deposit Pool with 1:1 dynamic unlocking, efficient hourly rewards, and over $61.95 million staked with a 6.52% annual percentage rate (APR). The pool is open for new users to join and share 36 $XAUT starting at 12:00 UTC on October 26, ending at 12:00 UTC on November 16. Early stakers can join via the provided link.
Update
Binance Restores Withdrawals for Multiple Networks
Binance will reopen withdrawals for multiple assets across Binance Smart Chain (BSC), Ethereum, Solana, and other networks starting at 04:00 UTC today after recovering from a $6.3 billion hack last week.
Event
WCTC S9 Futures Battle Invitation
WCTC S9 is hosting a futures battle with a 30,000 $USDT prize pool. Winners can claim a 40% reward and their copiers share 60%. CFD participants can earn up to 200 $USDT instantly by hitting volume targets. 100 lucky winners will share 5,000 $USDT. Join the Battle Now.
Update
Binance Resumes Withdrawals for More Assets
Binance has resumed withdrawals for more assets from 9:30 a.m. IST on November 3. The exchange said about 95% of affected assets have been replenished, with the remaining 5% held in lower-liquidity tokens. It has also published a zero-knowledge proof of reserves for its October 31 snapshot. The exchange said it covered the losses from its own balance sheet, without borrowing, selling assets or raising new financing.
Funding
OKX Campaign Offers 100K USDT in Rewards for Solana Token Traders
A campaign by OKX offers 100K USDT in rewards for traders of eligible Solana tokens through Nov 9, 10AM UTC. Traders can receive a 30% trading volume multiplier by using OKX's web interface. Registration is required to track trades and compete for rewards on designated tokens and trading pairs. The campaign excludes trades below $0.01, orders via the DEX API, and trades flagged as abnormal or manipulative.
Price Prediction
Arthur Hayes Predicts Bitcoin Weakness
Arthur Hayes, a notable figure, predicts that Bitcoin will face weakness until the Federal Reserve or banks expand their balance sheets. He notes that a dollar liquidity gauge is rising.
News
Crypto's Washington Playbook Working
Our Socials include OKX Announcement, OKX Campaign, TG, DC, OKX Orbit, Join Affiliate, CN TG, and CN DC. A disclaimer advises against abandoning the crypto Washington playbook and to check the authenticity of all OKX links or channels at OKX channel verification. The disclaimer also mentions that digital asset trading involves significant risk, including potential loss of principal and market dynamics that may influence prices of digital assets, particularly in leveraged products such as contracts and options. It is recommended to carefully consider investment objectives, level of experience, and risk tolerance before engaging in any digital asset transactions and to ensure compliance with applicable local laws and regulations.
News
KuCoin Daily Market Watch: November 3, 2026
KuCoin's daily market watch shows U.S. equities reversing early gains, with the Nasdaq down 1.07% and the S&P 500 down 0.51%. BTC options implied volatility rose to 43.5%, signaling heightened hedging demand. BTC retreated to $76,808.90 (-1.97%) and ETH fell to $2,253.08 (-0.98%). Binance's withdrawal pressure is easing, but liquidity remains fragile. DefiLlama data shows 24-hour net outflows declining to $3.5B from a peak of around $7B. Key levels: Resistance at $79.5K–$80.5K, Support at $76K–$76.6K, Trend: Bearish to range-bound. NEAR's governance proposal to reduce its maximum annual issuance rate was approved, strengthening expectations of slower supply growth. MPLX's trading terminal Vantage expanded its closed beta and Metaplex advanced its standard for RWAs and tokenized securities. LSK's shutdown and pivot toward enterprise finance led to a -18% drop.
News
Australia hikes rates to 18-year high to fight inflation
Australia raised interest rates to an 18‑year high in an effort to curb inflation, marking a significant monetary policy move.
Funding
Gate Trenches Launches New Token Listings
Gate Trenches, a professional on-chain trading aggregation platform, has added a new token listing for MAMESUKE. Users can now trade MAMESUKE on the platform. Additionally, Gate Trenches is running a 7-day check-in sprint with rewards, including a share of a 40,000 USDT pool and the chance to win up to 2,000 USDT.
Update
Kinetic’s FXRP Pool Shows $24M Supplied with 0.04% Base APR
Kinetic’s FXRP pool on the Flare network showed approximately $24 million in supply on November 1. The base annualized rate for lenders was about 0.04% before rewards. The displayed supply APY included a 0.55% reward component. The FXRP supply APR was about 0.04%, while the FXRP borrower APR was about 0.7%. The reward component was much larger than the quoted base rate.
News
Marvell to acquire Lumentum for $115 B as AI infrastructure sector sees sharp divergence
Marvell announced an all‑stock acquisition of optical‑module maker Lumentum valued at about $115 billion, a roughly 23.9% premium, and both shares fell about 13% and 19% on the news. Apple reported fiscal Q4 revenue of $114.5 billion and EPS of $2.10, beating expectations, but warned margin pressure from rising memory costs, affecting after‑hours trading. Oracle raised $20 billion through a $10 billion stock offering and $10 billion of bonds to fund AI cloud and data‑center spending, with its stock down about 9%. The Philadelphia Semiconductor Index dropped more than 3%, and Palantir posted Q3 revenue of $2.31 billion, with commercial revenue up 148% YoY, surpassing government revenue. The U.S. midterm elections on November 3 add regulatory uncertainty for AI‑related stocks.
Update
Standard Chartered Launches Tokenized Deposits in Hong Kong
Standard Chartered has introduced tokenized deposits for corporate clients in Hong Kong. This new feature allows corporate clients to tokenize their deposits, marking a step towards digital asset integration in the banking sector.
New Web Product
Virtuals App Now Available on Web
Virtuals App has launched a closed beta version on the web, offering Butler, a tool designed to provide research and signals for trading, across various chains and assets. The app is now available for users to invite their friends to join the closed beta.
All Time High
Binance All Time High: Withdrawals Reopen for Selected Assets
Binance, a cryptocurrency exchange, announces the reopening of withdrawals for selected assets, following the successful reopening of withdrawals for selected networks and assets on 2026-11-01. The reopening begins at 04:00 UTC on 2026-11-03.
All Time High
XRP Hits $76,962.6
XRP's price has already reached $76,962.6, the highest value recorded. No other details are provided in the given text.
News
Intel stock falls 30% as US government holds 10% stake
Intel's stock has dropped by 30 percent. The U.S. government owns a ten percent share in Intel, which it purchased a year ago at a reduced price of $20.47 per share.
News
Binance explains how auto-deleveraging can cut profitable Bitcoin futures hedges
Binance says its auto‑deleveraging (ADL) rules may reduce a profitable short position that offsets a Bitcoin holding. In a hypothetical example, a trader with 1 BTC spot and a 1 BTC linear futures short that becomes profitable could have the short cut to 0.5 BTC, leaving half the hedge exposed. Binance’s November 2 reserve‑proof update confirmed that ten tokens, including Bitcoin, were backed 1:1 at the Oct 31 snapshot. The exchange clarified that only surplus futures insurance reserves were reallocated and that ADL can be triggered when takeover capacity is reached or unrealized losses exceed the fund’s balance. ADL priority considers profitability and leverage, allowing winning positions to be selected for reduction. The guidance notes that Delta‑Neutral accounts may receive lower ADL priority but are not exempt.
Update
Altcoin Season Could Arrive Sooner Than Traders Anticipate
Peter Anthony, founder of The House of Crypto, an educational platform with over 400,000 followers, suggests that the next altcoin season might arrive sooner than traders currently anticipate, despite Bitcoin's struggles below $80,000.