Odaily reports: London-based high-frequency trading and market maker LO:TECH has completed a $12 million Series A funding round, led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funding to expand into the New York and Singapore markets, and to further build out its trade execution services across traditional finance, digital assets, and prediction markets.

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

According to DeFiLlama data, Binance's 24-hour net outflow has fallen from an intraday high of approximately $7 billion to around $3.5 billion, a decline of over 50%. Meanwhile, the platform's deposit-to-withdrawal ratio has recovered from about 20% at the initial stage of the incident to approximately 78%, indicating an improvement in capital flow conditions.

Currently, Binance's total assets remain at approximately $127.8 billion, with overall scale holding steady, and withdrawal services across various networks are gradually resuming.

Odaily — Tokenized securities platform tZERO has announced plans to go public through a merger with special purpose acquisition company FG Imperii Acquisition Corp. (FGII), in a deal that values tZERO at $350 million. The transaction is expected to provide the combined company with up to $231 million in SPAC trust account funds, subject to shareholder redemptions and related fees.

The combined company plans to list on the NYSE American in early 2027 under the ticker symbol TZRO. The deal is expected to close in early 2027, subject to shareholder and regulatory approvals, and tZERO's current CEO Alan Konevsky is expected to remain in his role. (CoinDesk)

According to an official announcement, Odaily reports that the OKX platform will list USDT-margined perpetual stock contracts for ADI, FLEX, MELI, PEP, and UMC, with the five contracts opening for trading at 19:30, 19:45, 20:00, 20:15, and 20:30 Beijing time, respectively. The contracts will trade around the clock, with funding fees typically settled every 8 hours; when the fee rate hits the upper or lower limit, the settlement cycle will automatically adjust to once per hour.

Odaily: Iranian President Masoud Pezeshkian stated that the Supreme Leader has granted the government partial authority in negotiations. Following the news, international oil prices plunged while gold and silver prices surged, with the market interpreting this as a signal that Iran's negotiating stance may become more flexible and that the government's ability to reach an agreement with the US may be strengthened.

It is worth noting that Iran's strategic decisions remain under the control of the Supreme Leader, so any progress in negotiations requires the consensus of both the Supreme Leader and the negotiating team. Iran has previously proposed a two-day framework plan to conditionally reopen the Strait of Hormuz, provided that Iran's demands are met, including lifting the blockade, releasing frozen funds, and easing sanctions. (IRNA)

Odaily reports: Iranian Foreign Ministry spokesman Baghaei said on the 2nd that if the United States agrees to fulfill Iran's demands, the relevant plan could be launched within as little as two days, security in the Strait of Hormuz would be restored, and the Iran-US negotiation process would then begin. Baghaei said that any indirect contact between Iran and the United States through intermediaries would be based on Iran's proposed "seven-day plan." Iran "compressed the implementation timeline of the plan in good faith," and whether the plan can be realized "depends on the will and decision of the United States." (Xinhua News Agency)

According to MSX.COM data, US stock futures extended their gains, with Dow Jones futures up 0.72%, S&P 500 futures up 0.58%, and Nasdaq 100 futures up over 1.00%.

Odaily: Brazilian cryptocurrency exchange Mercado Bitcoin has confirmed a security incident and temporarily suspended user deposit and withdrawal services, while stating that customer assets were not affected.

Previously, blockchain security firm Hypernative detected over $40 million in suspicious transfers across multiple blockchain networks. According to local media outlet BitNotícias, the abnormal fund flows may be related to this security incident. (The Block)

Odaily reports that according to Gate data, Brent crude oil (XBRUSD) has fallen to $110/barrel, currently at $109.95/barrel, down 5.8% from the previous trading session's close.

Odaily: According to Lookonchain monitoring, today US Bitcoin ETFs saw a net outflow of 7,919 BTC, and Ethereum ETFs saw a net outflow of 44,837 ETH.

Odaily: Lookonchain posted that BlackRock has experienced continuous ETH outflows over the past month, totaling 580,145 ETH, valued at $1.32 billion.

According to Gate data, Brent crude oil (XBRUSD) fell to $112/barrel, currently trading at $110.64/barrel, down 5.2% from the previous trading session's close.

According to a report by IRNA, Iran's Supreme Leader has authorized the government to negotiate.

Odaily: Ethereum treasury company Bitmine disclosed that it added 8,573 ETH last week. As of November 1, 2026, its total Ethereum holdings reached 6,060,506 ETH, accounting for approximately 4.9% of Ethereum's total supply.

Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $14.5 billion, including $498 million in cash and marketable securities, 216 BTC, $180 million in Beast Industries equity assets, and an $82 million investment in Eightco Holdings (ORBS).

In addition, the amount of ETH it has staked is 5,227,037 ETH (86% of total holdings), valued at approximately $11.8 billion based on $2,261 per ETH, with current annualized staking yield of approximately $358 million. (PRNewswire)

Odaily reports: According to monitoring by on-chain analyst Ai Yi, the North Korean hackers suspected of attacking Binance made multiple operational errors while transferring stolen assets: first, they transferred various tokens worth approximately $3.5 million to the NEWT contract address; second, they failed to check the liquidity pool status, causing PROM tokens worth approximately $5 million to be sold for only $71; third, they used MetaMask to pay Gas fees on their behalf, which may leave off-chain operation logs such as IP addresses; fourth, they deposited approximately $250,000 to Gate, and Gate has frozen two related accounts and stated it will assist with the follow-up investigation.

Related analysis suggests that the more types of stolen assets there are and the more complex the transaction links and parties involved, the easier it is for attackers to leave tracking clues, which may also help Binance subsequently trace the flow of funds.

According to MSX.COM data, Lumentum's pre-market decline widened to 5.5%, while Marvell Technology fell 3.3%, Odaily reports.

It is reported that the merger agreement between Marvell and Lumentum includes a substantial termination fee. Under certain circumstances, if the transaction is terminated, Marvell would be required to pay Lumentum a termination fee of up to $5.8 billion; in some of these cases, the termination fee would be $3.2 billion. If Lumentum terminates the transaction under certain circumstances, it would be required to pay Marvell a termination fee of $2.9 billion. The aforementioned fees are triggered only under specific termination conditions stipulated in the agreement.