According to MSX.COM data, several US stock-related contracts have extended their 24-hour losses. MRVL is down 14.3%, now trading at 169.59 USDT; ASTS is down 10.1%, now trading at 36.75 USDT.

According to Onchain Lens, BitMine (0x9c5...1A16) bought 5,000 ETH from Kraken, worth approximately $11.37 million. BitMine's ETH holdings account for 4.9% of the total supply.

Odaily — The costs incurred by cryptocurrency exchange Binance from fines and hack-related losses are estimated at approximately $10.7 billion, equivalent to about 56% of its estimated pre-tax profit from 2021 to 2025. Vetle Lunde, Head of Research at K33 Research, estimates that Binance's pre-tax profit over the same period was approximately $19.2 billion.

Known fines total approximately $4.34 billion, including the $4.32 billion U.S. criminal settlement Binance agreed to pay in 2023; Binance's local business units in other countries were separately fined about $20 million. Hack-related losses amount to approximately $6.38 billion, including $6.34 billion reserved for recent incidents and 7,000 BTC stolen in 2019.

In the recent hack incident, approximately $3 billion in stolen crypto assets have been frozen, and the amount Binance will ultimately be able to recover remains unclear. Binance says it has covered about 95% of the affected assets, and withdrawals have recovered and stabilized after an initial surge; its tracked assets have fallen more than 11% since October 29 to approximately $128.3 billion. (Bitcoin.com News)

Odaily reports: The U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance updated its crypto asset FAQ on November 2, adding three new answers related to the classification of crypto assets. The FAQ states that participants in the broad governance system of a functional crypto system, if they are not affiliated with one another and there is no agreement, arrangement, or understanding to act in concert, typically do not constitute a "centralized entity"; the conclusion is the same when the governance system is affiliated with an organization, association, or foundation. The FAQ also notes that "supervisory participation" by a "centralized entity" refers to its authority to control access to the crypto system at the protocol, validator, or user level, including unilateral admission or restriction of access, and deciding or changing the voting process for software upgrades; "functional" and "decentralized" are two distinct concepts. The above FAQ represents only the views of SEC staff and does not have the force of law.

According to MSX.COM data, AAOI has dropped 10.0% over the past 24 hours and is currently trading at 62.64 USDT.

Odaily: A Fox Business crypto reporter posted on X that the SEC has just released a new FAQ on crypto token classification, noting that the document appears intended to clarify some of the decentralization issues that the Clarity Act aims to address through legislation.

Odaily: $5.55 million worth of assets in addresses linked to the Mercado Bitcoin hacker have been frozen.

Odaily reports: Brazilian exchange Mercado Bitcoin stated that a security incident caused over $46 million in cryptocurrency to be transferred out of its wallets on Monday. Several hours after the company suspended deposits and withdrawals, funds were still being moved from addresses linked to the incident, and thousands of small ETH transfers were subsequently sent to the same address. Security firms said the attack was carried out through regular transfers rather than a smart contract exploit.

As of 16:42 UTC, stablecoin issuers Tether and Circle had frozen approximately $6.2 million in stolen funds; about $20 million was moved to newly created wallets, while another over $20 million remained in addresses identified by Mercado Bitcoin as related, including all 106 BTC. A Mercado Bitcoin spokesperson said customers suffered no losses and no data was leaked; the incident is still under investigation and has not yet been attributed to an organized group. (Cointelegraph)

According to MSX.COM data, semiconductor-related assets weakened overall over the past 24 hours. AXTI fell 12.9%, down 6.6% in 1 hour, currently at 48.31 USDT; ALAB fell 10.0%, currently at 234.89 USDT.

Odaily: Brian Armstrong posted on X that Coinbase continues to defend its customers in court and is winning. New Jersey users will soon be able to participate in staking again.

Odaily Report: Between 02:12 and 02:22 (UTC+8), USDC Treasury minted USDC on the Solana network in 4 transactions, each totaling 250 million tokens, for a combined total of 1 billion tokens. The receiving address is a USDC Treasury token account controlled by Circle, which currently holds approximately 1.756 billion USDC.

Odaily reports that Bitcoin Treasuries posted on X that Metaplanet's US Bitcoin treasury subsidiary Super League purchased another 8 BTC prior to the completion of the transaction, bringing its total holdings to 15 BTC. This move will enable Metaplanet to access capital markets on two continents.

According to Odaily's monitoring via Onchain Lens, King, one of the longest-running arbitrage bots on Solana, with cumulative PnL reaching $7.2 million, had approximately $786,000 in assets stolen, including 4,260 WSOL, 191 SOL, and $366,000 in stablecoins. The drain address is BHRayETPjvgg3BCr9H82V1D6NRwxu5v44JAaVuaod3jU, the forwarding address is Ddmy5oM8xtTs1EBC6eF2SZwQfBreewQpFgtUDm51Hkqj, and the victim address is 7dGrdJRYtsNR8UYxZ3TnifXGjGc9eRYLq9sELwYpuuUu.

Odaily reports, according to MSX.COM data, CBRS has fallen 10.2% over the past 24 hours and is currently trading at 98.14 USDT.

Odaily reports: A Fox Business crypto reporter posted on X that NYSE has added Broadridge, Computershare, Equiniti, and Superstate to its transfer agent partner network to support issuer-sponsored tokenized securities. Equiniti has agreed to be acquired by Bullish; these four will join Securitize and tZERO in the network. NYSE's planned tokenization platform was announced in January and has not yet launched; the related trading venue will be introduced after obtaining regulatory approval. The plan is independent of the TSV project of OKX and ICE Markets, which is subject to the SEC's innovation exemption.

According to Odaily, Gate data shows that Brent crude oil (XBRUSD) has fallen to $108/barrel, currently at $107.94/barrel, down 7.5% from the previous trading session's close.