Odaily: Brian Armstrong posted on X that he is currently dedicating a significant amount of personal time to improving the quality of the Coinbase app, including explaining the reasons why funds are frozen, simplifying the identity verification process, improving app launch speed, and fixing issues that do not explain the cause of errors or cause operations to be interrupted. He stated that the relevant fixes will roll out in upcoming version updates, and invited users to reply with problems they have recently encountered in the app; he and the team are reading this feedback.

Odaily reports: Tom Robinson, co-founder and chief scientist of Elliptic, stated that the Binance hacker has converted approximately $175 million in stolen altcoins into about 2,300 bitcoins. The related funds were moved across 16 blockchains, more than 20,000 wallets, and at least 65,000 transactions; approximately 88 bitcoins were mixed through Wasabi Wallet.

Robinson said the bitcoin and ether primarily held by the hacker remain untouched. Arkham Intelligence data shows that as of 10 a.m. ET on November 7, addresses associated with the hacker held 18,384.725 bitcoins, but did not show the addition of approximately 2,300 bitcoins. (Bitcoin.com News)

Odaily reports: MEXC CEO Vugar Usi posted on the X platform in response to regulatory measures by the US Financial Crimes Enforcement Network (FinCEN), stating that the platform's deposit and withdrawal services have always operated normally. Although withdrawal volume has increased, overall order remains stable and user assets are secure.

Vugar Usi stated that following communication, blockchain compliance analytics provider Elliptic has restored MEXC Global to the regular "exchange" category in its system and removed the previous special risk flag. Meanwhile, MEXC is seeking constructive communication with FinCEN and has launched an independent review of its anti-money laundering (AML) and sanctions compliance controls.

Previously, FinCEN ordered US financial institutions to prohibit processing fund transfers involving MEXC, and accused the platform of processing at least $16 billion in funds related to sanctions evasion, cybercrime, and other illegal activities between May 2021 and May 2026, involving entities linked to Iran, North Korea, and Russia.

Odaily reports: According to a U.S. Department of Justice announcement, former Federal Bureau of Investigation (FBI) agent Patrick Steven Yaroch pleaded guilty on November 5 to wire fraud and money laundering. He used his official access to obtain cryptocurrency credentials collected during FBI investigations, carrying out approximately 100 fraudulent transfers across 35 separate investigations and illegally acquiring approximately $2,474,400 in crypto assets.

Court documents show that the stolen assets came from wallets controlled by investigation targets and hostile state actors, as well as at least one wallet created by the FBI for investigative operations. Yaroch obscured the source of funds through currency exchanges and multiple transfers, and used some of the funds to pay off personal debts.

The U.S. Department of Justice stated that his actions compromised multiple investigations and related intelligence sources and methods. Sentencing in the case is scheduled for March 4, 2027, and Yaroch faces up to 20 years in prison.

Odaily reports: The U.S. Securities and Exchange Commission (SEC) submitted a crypto broker-dealer rule proposal to the White House on November 3, 2026, requesting regulatory review. The proposal involves four regulations under the Securities Exchange Act, covering broker-dealer capital, customer asset protection, and recordkeeping. There is currently no public draft or confirmed release timeline.

The proposal involves Rules 15c3-1, 15c3-3, 17a-3, and 17a-4, which respectively concern net capital requirements, customer asset protection, recordkeeping, and record retention. A staff statement issued by the SEC in December 2025 provided guidance on certain crypto asset custody arrangements, but did not amend the relevant rules or establish comprehensive custody standards.

Democrats won majorities in both chambers of Congress in the November 3, 2026 midterm elections and are expected to take control in the new Congress beginning January 3, 2027. Congressional Democrats can oversee the proposal through hearings, document requests, and appropriations negotiations, but whether the proposal is adopted will still depend on subsequent regulatory procedures. (Bitcoin.com News)

Odaily reports that crypto analyst Darkfost posted on X platform stating that from mid-August to the end of September, the total market capitalization of altcoins cumulatively grew by approximately $320 billion, but the subsequent pullback has wiped out about $200 billion, equivalent to nearly two-thirds of the previous gains.

Data shows that the proportion of altcoins on the Binance platform below the 200-day moving average dropped from 82% in mid-August to about 10% in early October, and has now rebounded to approximately 70%, close to the level before the August rally began.

Darkfost believes that macroeconomic policy, geopolitical tensions, the uncertainty brought by the U.S. midterm elections, and the decline in U.S. stocks, especially tech stocks, have together exacerbated the weakness of the altcoin market. However, he pointed out that historically, similar extreme market conditions have sometimes also signaled that a trend change is imminent.

Odaily reports: Michael Saylor posted on X that digital credit combines financial infrastructure that has gradually developed over centuries, including corporate equity, preferred stock, trading markets, tax law, and securities regulation. Strategy's Stretch completed its first offering in July 2025, raising approximately $2.521 billion, and Strategy stated that it has used the net proceeds after deducting fees to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on Nasdaq, adopting a monthly dividend rate policy determined by the board of directors.

Odaily reported: On the 7th local time, Iraqi Foreign Minister Hussein said in a media interview that the current situation indicates the Middle East may see a renewed outbreak of war. Hussein noted that Iraq has lost approximately US$60 billion due to the stagnation of oil exports through the Strait of Hormuz, and that after reaching agreements with the United States and Iran, Iraq resumed oil exports through the Strait of Hormuz. He stated that the United States has formally requested the closure of all border crossings between Iraq and Iran except for two. Iraq has also notified Iran that it accepts developing friendly alliance relations with it but rejects its interference in Iraq's internal affairs. There are indications that external forces are using Iraqi territory to attack neighboring countries. (CCTV)

Odaily: US Central Command announced it has ordered the formation of a task force to support actions being taken by the US government to stop Iran from transporting advanced weapons and other materiel overland.

Reports say that after months of imposing a maritime blockade, the US military is further tightening restrictions on Iran's transport of weapons and other materiel via overland routes and the Caspian Sea. (Reuters)

Odaily reports: Bitcoin News posted on X that publicly listed Bitcoin mining company Core Scientific sold 816 BTC in the third quarter, accounting for 96% of its holdings; as of September 30, it held only 32 BTC on its balance sheet. Core Scientific held more than 9,600 BTC at its peak in 2022, and management stated that the Bitcoin mining business will end on December 31, 2026. Third-quarter revenue was $233 million, of which hosting business revenue was $215 million and mining business revenue was approximately $17.5 million; its power contracts with AI customers CoreWeave and AMD reached a total scale of 1.12 gigawatts.

Odaily Report: As Democrats win big in the midterm elections and take control of Congress, the crypto industry's political advantage in Washington is fading and it may face stricter rules, as well as closer scrutiny of Trump's crypto business. Democrats plan to propose stricter ethics restrictions and stronger consumer protections, and to give the SEC a greater role in digital asset regulation. Maxine Waters and Elizabeth Warren are expected to wield greater influence on the House Financial Services Committee and the Senate Banking Committee.

Odaily reports that predict.fun posted on X stating that the first week of Season 2 PP distribution has been completed, with a total of 7.5096 million PP allocated to 60,213 users. The liquidity PP/hour rate displayed on the page is the maximum enabled rate; actual rewards depend on order duration and market-making fill activity.

Season 1 PREDICT claims and the TGE remain postponed due to Binance Wallet Alpha not yet being restored. predict.fun stated it supports Binance's efforts to strengthen security and is awaiting confirmation of a new launch date.

Odaily reports that "White Hair Stock Guru" Serenity posted on X platform stating that his year-to-date investment return still stands at 594.4%, but admitted that Warren Buffett probably sleeps more soundly than he does.

Serenity stated that his investment thesis in the optoelectronics and storage sectors, originally formulated around 2027 to 2028, now appears to be facing market validation a year ahead of schedule. He also noted that Buffett manages a portfolio far larger than his own, making even Buffett's approximately 19% return difficult to match.

According to monitoring by on-chain analyst Ai Yi, an address (0x4AB…845b8) withdrew 3,300 ETH from Binance after a one-day interval, with cumulative withdrawals reaching 13,077.46 ETH at an average price of $2,290, currently showing an unrealized loss of $681,000.

Odaily Report: According to community user feedback, today multiple ChatGPT and OpenAI users reported that their accounts were suddenly deactivated, with the login page displaying "You do not have an account because it has been deleted or deactivated." Some users stated they had not received any email notification beforehand.

According to user feedback, the affected accounts include free API accounts, team shared accounts, and Pro accounts with a monthly subscription fee of $200. Some users reported that their paid accounts, which they had used for years, were deactivated without prior warning, resulting in the loss of access to previously accumulated conversation history and personal memory.

At present, there is insufficient information to confirm that OpenAI is carrying out a large-scale centralized account suspension campaign, and the reasons for the account deactivations and the specific scope of impact remain to be confirmed.

Odaily reports: Since 2016, in the 7 historical instances where the Federal Reserve restarted rate hikes after pausing, Bitcoin recorded declines within 30 days after the rate hikes, with a median drop of 2.4% and a historical record of 0 wins and 7 losses.

The research points out that 2018 is a relatively similar historical case, when Bitcoin cumulatively fell 42% during the period from the U.S. midterm elections to the Fed's rate hike in December. However, the research sample consists of only 7 instances, and historical performance does not represent future trends. (Bitcoin News)