Odaily reports: According to unfolded. monitoring, North Korea-linked crypto hacking attacks since 2019 have cumulatively involved approximately $9.6 billion, of which the Binance theft incident accounts for about $6.4 billion, roughly two-thirds of the total; approximately $3 billion of that has been frozen. This total exceeds the combined amount involved in the next nine largest hacking incidents (approximately $5.4 billion). Other North Korea-linked incidents include Bybit (approximately $1.4 billion), the Ronin cross-chain bridge (approximately $624 million), Bitget (approximately $387 million), Drift (approximately $295 million), and Kelp DAO (approximately $293 million). unfolded. noted that the attribution of recent incidents such as Binance, Bitget, and Drift mainly comes from security firms and has not yet been confirmed by the FBI.
Odaily reported: According to MSX.COM data, as the U.S. stock market suffered a sell-off, investors' risk-aversion sentiment has noticeably intensified. The CBOE Volatility Index (VIX) rose 3 points to 20.17, having touched 22.31 intraday, hitting a recent high. The VIX index has climbed back above the 20 threshold, indicating a marked increase in market concerns over short-term stock market volatility.
Odaily report: Crypto analyst Darkfost posted that market sentiment deteriorated noticeably within a single day, with the Fear and Greed Index falling from 51 (neutral) to 30 (fear), the lowest level since mid-August. Over the same period, Bitcoin dropped about 4% to 5% within 24 hours, briefly touching a six-week low near $76,500; Ethereum fell below $2,200, and total liquidations across the market exceeded $1.6 billion in the past 24 hours.
Darkfost noted that historically, periods of market pessimism often correspond to accumulation opportunities, but the current index reading of 30 only represents fear and has not yet entered the extreme fear zone below 25, suggesting market sentiment may remain under pressure. In addition, this round of decline was partly triggered by Binance's $6.3 billion hack incident and did not stem entirely from a clear deterioration in market fundamentals.
Odaily: In an interview with CNBC, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), addressed the Binance hack incident, stating that the CFTC wants to provide a federal-level registration option for relevant exchanges so they can prioritize completing registration through federal regulatory channels.
Odaily report: According to MSX.COM data, US semiconductor stocks fell collectively, with the Philadelphia Semiconductor Index down 7%. Individual stocks: Intel plunged 28.33%, AMD fell 9.64%, Qualcomm dropped 11.30%, SanDisk declined 11%, ARM fell 10.70%, Broadcom dropped 5.36%, Nvidia fell 3.56%, Micron Technology declined 5.01%, SK Hynix dropped 7.63%, and TSMC fell 5.33%.
Additionally, semiconductor equipment stocks also moved lower in tandem: Applied Materials fell 7.04%, Lam Research dropped 6.50%, and ASML declined 5.67%. The triple-leveraged semiconductor ETF (SOXL) fell over 24%.
Odaily: According to market news, the U.S. Secret Service stated that investigators are collaborating with private sector partners, including Circle, to identify, freeze, trace, and recover funds stolen from Binance.
Odaily reports: Binance co-CEO He Yi said in a video posted on X that the affected assets in the hacking incident totaled $6.3 billion, of which $3 billion was frozen with the help of industry participants. Withdrawals are expected to reopen in the next 42 hours; withdrawals were previously suspended to ensure the entire environment was uncontaminated. In addition to rebuilding a secure environment, the pursuit of the hackers will not be abandoned, and the investigation will be carried through to the end.
Odaily: Uber recently participated in a blockchain investment pilot involving institutions such as HSBC and Franklin Templeton. Using HSBC's tokenized deposits, Uber purchased tokenized money market fund shares issued by Franklin Templeton on Thursday and sold them on Sunday, earning an extra 1.5 days of yield. The model enables fund investment and settlement via public chains, allowing companies to avoid having to sell assets before banks and markets close on Friday as they would under traditional methods. The pilot also involved Tradeweb and Fireblocks, with liquidity and settlement provided by Canton Network.
Corporations are seeking to improve treasury management yields while reducing reliance on overdraft facilities and credit lines. Fireblocks CEO Michael Shaulov expects hundreds of large enterprises to adopt this model within the next 18 months. HSBC said the pilot has verified the technical feasibility, and the related services are now ready to be promoted and scaled to other clients. (Bloomberg)
Odaily: Bonk Guy posted that although Bitcoin has further dropped from around $79,000 to near $77,000, most altcoins have shown relatively strong resilience against Bitcoin. While some tokens also declined, the drops were relatively limited. Binance appears to have bought back most of the tokens sold off during the hack incident, and approximately $3 billion in assets have been frozen and are expected to be returned. Of the $6.3 billion in losses involved in this incident, about half has been frozen, and the remaining portion may also be recovered within a reasonably short timeframe.
Bonk Guy expects that Bitcoin may decline further and form a阶段性 low, but most of the selling pressure on altcoins may have already been released. Market conditions could improve over the coming weeks to months, and he believes it is currently more suitable to go long on altcoins, buying in batches during pullbacks.
Odaily reports: Starknet posted on X that account abstraction allows accounts to change their verification logic without changing their address, balance, or history, enabling a switch to post-quantum signature schemes without modifying the protocol. Starknet stated that, as an Ethereum L2, its settlement, data availability, and cross-chain bridges still depend on Ethereum and elliptic curve cryptography; researching an independent L1 would allow it to set its own cryptographic schemes and migration timeline. The independent L1 is currently still a research direction, STRK remains the native token, there are no plans to issue a new token, and any decision to migrate to an L1 would require a binding governance vote.
Odaily reports that DeFi researcher Ignas posted on X stating that during the current market downturn, the "buy the dip" sentiment commonly seen in the past has rarely appeared on social media. Although some market participants believe that Bitcoin holding the $77,000 to $80,000 range is a bullish signal, most crypto traders may already hold substantial token positions, and some investors would rather wait for price confirmation of an uptrend before buying than bottom-fish amid panic. Assets decoupled from Bitcoin's price action such as HYPE, as well as "conviction tokens" like ZEC and revenue-generating assets like HYPE, remain attractive. However, there is currently insufficient potential buying interest—retail investors who previously favored crypto assets are now being buffeted by volatility in assets such as AI stocks, gold, and quantum computing, and crypto ETF fund flows have also turned to net outflows over the past 30 days.
Odaily reports that Yi Lihua, founder of Liquid Capital, posted: "Actually, the trading process is extremely difficult. When we insisted on being bullish, there were multiple pullbacks along the way; when we reached 86 and insisted on expecting a pullback, there were likewise multiple rebounds, even reaching 87. Each time it hit 81 or 80, it immediately rebounded to the key level of 84. For a whole month it fluctuated back and forth—this is also why we kept repeating ourselves. Stick to the principle: don't be thinking about trading all the time. Rallies don't move in a straight line, and pullbacks aren't either. At the same time, when expecting a pullback, don't short—patiently wait for the best bottom-fishing moment. I founded and manage three different funds—crypto investment, crypto trading, and AI technology—and the hardest of them is crypto trading. It is entirely a counter-intuitive discipline. For example, in the moments of extreme panic that lie ahead, can you bottom-fish with full confidence? Buffett got stuck in Google, and Duan Yongping got stuck in Pop Mart, but I believe these are all temporary. AI will keep creating miracles, and the money printer won't stop either. So quality AI stocks and crypto assets are the trend—if you pick the right bottom, you'll never get stuck."
Odaily: A sharp decline in the share prices of several major companies riding the artificial intelligence infrastructure boom has made life harder for investors who previously took part in their large stock offerings. On Friday, shares of Intel, Alphabet and Meta Platforms fell.
A disappointing round of earnings had already pushed these companies' share prices below the levels at which investors who joined their stock offerings in recent months bought in. The sell-off began on Wednesday when Alphabet reported earnings, with the company's advertising revenue from Search and other channels coming in below expectations; Intel then disclosed supply chain problems in data center components, further aggravating market concerns. Both companies underscore doubts about whether the massive AI investment can be sustained.
The market is already struggling to absorb large-scale AI-related stock offerings and is also assessing whether the huge investments can translate into long-term share price gains. The decline will further increase the difficulty for companies to raise the capital they need, and it also makes the outlook more uncertain for whether Anthropic can match or exceed the fundraising scale of SpaceX's record listing earlier this year in its IPO.
Odaily reports that, according to Arkham monitoring, two addresses associated with the Morgan Stanley MSBT Bitcoin ETF separately transferred 713.458 BTC and 673.864 BTC to Coinbase Prime deposit addresses, totaling approximately 1,387 BTC, valued at about $106 million.
Odaily reports: Binance Co-CEO Richard Teng released a video statement, stating that Binance is rebuilding its withdrawal services, which will only be reopened after passing rigorous security tests, and is striving to restore withdrawals before the deadline of November 1 (Sunday). Meanwhile, Binance is conducting a comprehensive security review of systems including endpoint devices, cloud services, key management, and transaction signing, and plans to publish a full Proof of Reserves (PoR) report on November 2 (Monday), hoping to release preliminary data beforehand. Currently, Binance's deposit services have returned to normal, while withdrawal services remain suspended.
