Odaily — SNZ Holding officially announced at the 2026 Hong Kong Digital Asset Forum that its Web3 ecosystem platform BlockUnion has begun operations, further clarifying the division of responsibilities between its investment and ecosystem businesses. SNZ Capital will continue to focus on Web3 and frontier technology investments, while BlockUnion will concentrate on infrastructure support, ecosystem building, strategic partnerships, and developer community development.

Guided by the philosophy of "Connect to Empower," BlockUnion draws on the team's more than a decade of experience in the Ethereum and Web3 ecosystem, with a focus on community connectivity, ecosystem services and acceleration, technical research and consulting, and support for entrepreneurs.

Henry Chen, Chief Business Officer of SNZ Holding and Partner at BlockUnion, said: "BlockUnion is rooted in the early expansion of Asia's Ethereum ecosystem. Going forward, we will remain committed to connecting global technology, talent, and industry resources, with a focus on community building, research and innovation, bridging East and West, and accelerating the mass adoption of Web3. Our areas of focus include on-chain finance, decentralized agent-driven applications, and enterprise-grade smart contract solutions, driving Web3 innovation and real-world use cases."

Odaily: Bloquo has announced the completion of a $3.7 million seed round led by Crescera Capital and Triaxis Capital, with participation from Lattice Fund. The project is a Brazilian fintech company dedicated to building stablecoin-based financial infrastructure for banks and enterprises. The platform integrates cross-border payments, foreign exchange trading, and liquidity provision, supports stablecoins such as USDC and USDT, and can be accessed via API or dashboard. Bloquo has registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a money services business and has applied to the Central Bank of Brazil for registration as a virtual asset broker.

Odaily reports: Analyst Murphy stated that since Binance gradually restored withdrawal functions on November 1, the platform has seen a wave of fund withdrawals. On-chain data shows that Binance's BTC balance has dropped from 732,000 coins to 711,000 coins, a cumulative decrease of 21,064 coins. However, compared to the platform's original BTC reserves, the outflow scale is still less than 3%, and the overall impact is relatively limited.

Murphy believes that for ordinary users with limited technical capabilities, self-custody wallets also carry risks such as private key loss and asset theft, and these risks may not necessarily be lower than keeping assets on large exchanges. By comparison, diversifying some assets across different exchanges may be an option for risk distribution.

He also pointed out that Binance's current on-chain asset reserves still amount to approximately $139.7 billion, of which BTC and USDT together account for nearly 60%, BNB accounts for 18%, and ETH accounts for 6%.

Odaily reports: On-chain analyst Ember posted that as ZEC fell 9% today, a whale who recently went long on both ZEC spot and futures lost $5.84 million. On the spot side, the whale spent $31.78 million over the past 4 days to buy 25,002 ZEC at an average price of $1,271, currently sitting on an unrealized loss of $3.26 million. On the futures side, the whale simultaneously opened a long position of 18,910 ZEC on Hyperliquid at $1,378; the position was fully closed via stop-loss after ZEC fell below $1,200 in the early hours of today, resulting in a loss of $2.58 million.

Odaily reports that CRSHMARKET has announced the completion of a $3.5 million seed round led by 6th Man Ventures (6MV), with participation from Reciprocal Ventures, Lattice Fund, and Starting Line. The project is a live-stream prediction market built on Monad, where viewers can predict the subsequent developments of content such as gaming and real-life live streams. Markets settle within 60 seconds, transforming real-time live streams into fast, social prediction markets.

Odaily reports: On November 3, according to SoSoValue data, all crypto market sectors fell over the past 24 hours, with the AI sector down 4.71%. Among them, Akedo (AKE) fell 33.19%, Venice Token (VVV) fell 4.81%, and Quack AI (Q) fell 9.04%; Pieverse (PIEVERSE) and SoSoValue (SOSO) rose 5.58% and 4.90%, respectively.

BTC fell 1.68%, briefly dropping below $77,000 during intraday trading; ETH fell 1.44%, falling below $2,300.

Among other sectors, CeFi fell 2.01%, with OKB down 3.92%; PayFi fell 2.07%, with ZEC down 8.26%; Meme fell 2.64%, with TRUMP down 8.28%; Layer1 fell 2.66%, with NEAR down 10.78%; Layer2 fell 3.20%, with SOON down 14.93%; DeFi fell 3.71%, with ENA down 7.83%. Among the crypto sector indices reflecting historical sector performance, ssiGameFi, ssiRWA, and ssiDeFi fell 7.38%, 4.74%, and 4.21%, respectively.

Odaily: Lawmakers from the Democratic Party of Korea on the National Assembly's Strategy and Finance Committee have decided to recommend to the party leadership that the virtual asset tax originally scheduled to take effect next year be postponed. Ruling party secretary Oh Ki-hyung said the majority opinion holds that it is not appropriate to begin levying the tax immediately next year, and that there is a preference for about two more years of policy preparation; the specific plan will be discussed by the policy committee after the party leadership reviews it. The exchange of overseas taxation information is expected to enter a substantive phase around 2029, and the Digital Asset Basic Act, which may be introduced in the first half of next year, could also change the taxation system.

Odaily reports: On-chain analyst Yu Jin posted that the "top holder," who in 2020 spent only 37.8 ETH ($13,700) to buy 103 trillion SHIB, accounting for 17.4% of the total SHIB supply, transferred out 1.07 trillion SHIB today, worth $4.94 million. At the 2021 price peak, this batch of SHIB was once worth $9.1 billion. This address sold portions of SHIB in 2021 and this year, cumulatively selling 11.73 trillion at approximately $0.0000064, earning $74.74 million; it currently still holds 91.6 trillion SHIB, worth $418 million.

According to market data reported by Odaily, the storage sector of Hong Kong stocks weakened in early trading. Montage Technology (06809.HK) fell over 6%, GigaDevice (03986.HK) dropped more than 3%, while Longsys (09976.HK), VSTECS (00856.HK) and others followed the decline.

According to a post by Lookonchain, the exchange Mercado Bitcoin was hacked, with losses exceeding $46 million. More than $9 million of the stolen assets have been frozen. The hacker still holds the following altcoins, which may face selling pressure: 372.99 billion PEPE, worth $1.79 million; 12,820 AAVE, worth $1.61 million; 769,950 PENDLE, worth $1.35 million; 29,830 EVA, worth $1.26 million; 1.98 million VIRTUAL, worth $1.15 million; 147,840 UNI, worth $1.04 million; 2.67 million ONDO, worth $1.03 million.

Odaily: Cathie Wood's Ark Invest on Monday purchased $3.4 million worth of Coinbase shares, $2.6 million worth of Circle shares, and $645,800 worth of Robinhood shares, with all three stocks closing lower that day. Ark Invest also sold $2.3 million worth of Bullish shares, which fell 5.6% that day.

1. North Korea denies involvement in the approximately $6.3 billion Binance theft, calling the allegations fabricated;

2. CZ: Binance covered the stolen losses with its own balance sheet, without borrowing, selling assets, or raising financing;

3. Kalshi and Polymarket both predict that the Democratic Party is likely to win control of both chambers in the midterm elections, with probabilities of 78% and 74% respectively;

4. Apple's fiscal fourth-quarter revenue growth slowed, with shares falling nearly 3% after hours;

5. Palantir's Q3 revenue grew 96% year-over-year, with shares falling another 2.65% after hours;

6. Holding $101 million in short positions, Wintermute warns that Bitcoin may fall further;

7. "White-haired Stock God" Serenity: Marvell's acquisition of Lumentum is strategically positive, but the share exchange ratio limits LITE's independent pricing space;

8. Oracle is reportedly planning to issue $10 billion in stock at an 11% discount.

Odaily reports: On the morning of November 3, Wang Xingxing, founder of Unitree Robotics, attended the World Internet Conference Wuzhen Summit. In an interview before the opening ceremony, Wang Xingxing stated that Unitree Robotics will focus on conquering robot brain technology in the future. In addition to its own technological breakthroughs, Unitree will also seek global cooperation, is optimistic about physical AI technology, and is committed to making breakthroughs. (Cailian Press)

According to market data, Unitree Robotics is currently trading at 630.05 yuan, down 4.85%.

Odaily: Arthur Hayes posted on X that USD liquidity is being replenished. He expects BTC to weaken before the Federal Reserve and/or banks begin expanding their balance sheets.

Odaily Report: Paolo Ardoino stated in a speech at the Plan ₿ Forum in Lugano that Tether holds approximately 150,000 BTC, has over 730 million global users, and adds about 30 million wallets per quarter. Tether's Q3 reserve attestation report shows that it directly holds approximately $122.8 billion in U.S. Treasury bonds, or about $132.4 billion when repurchase agreements are included, with excess reserves reaching $7.95 billion.

Ardoino also introduced Tether's Independence Stack strategy, which plans to use open-source technology to build an infrastructure system covering energy, Bitcoin mining, peer-to-peer communications, self-custodial wallets, and local AI. He stated that even if Tether ceases to exist in the future, its open-source technology should be able to continue operating.

Odaily: The decentralized computing marketplace Akash Network has announced that on-chain governance has approved its migration plan, with approximately 97% of voting token holders supporting the migration of its blockchain infrastructure to Solana within 24 months. Akash Marketplace, AkashML, and Akash Homenode will launch natively on Solana. Akash stated that the migration will replace its Cosmos-based chain, covering the underlying blockchain infrastructure rather than just the token; existing AKT holders will be able to convert their tokens to SPL AKT at a 1:1 ratio through a dedicated portal.