Analysis: AI contracts determine how much miners gain from valuable power connections
Bitcoin miners' power connections could become more valuable through AI development, but construction costs and contract terms determine how much shareholders retain. Core Scientific's agreements let CoreWeave recover certain construction contributions through credits that can halve relevant monthly rent payments. Core Scientific recorded $954.2 million in capital expenditure during the first half of 2026, including $180.9 million financed by CoreWeave. SWI Group announced an โฌ800 million capital increase on October 12 to expand AI infrastructure after taking control of Genesis Digital Assets earlier this year. SWI has not disclosed how much of Genesis's power capacity can economically support AI facilities or when converted sites might generate AI revenue.
Binance Co-CEO He Yi said a security audit remains underway between Binance's main site wallet and the prediction market, an independent module. He Yi added: "It will be somewhat deprioritized, so please wait patiently."
China's Communist Party urged stronger action against corruption involving cryptocurrencies. The party also called for stronger leadership at state-owned enterprises and state-owned financial firms.
Symbiosis detects attempted transfers of funds linked to Binance security incident
Symbiosis said monitoring identified an attempt to move funds associated with Binance's recent security incident through the Symbiosis protocol. The Symbiosis team is working to stop the transfers and has contacted Binance. Symbiosis acknowledged vulnerabilities in some screening mechanisms and said repairs are underway. BlockSec previously found that some stolen TRX had reached Ethereum through cross-chain channels including Symbiosis.
Binance restores some cryptocurrency withdrawals after theft of more than $6 billion
Binance said Sunday that withdrawals had restarted for some major cryptocurrencies after hackers stole more than $6 billion in assets from the exchange. Binance pledged to cover 90% of the losses with company funds. Binance said additional withdrawals would become available in stages as security checks finish. The FBI accused North Korea of responsibility for the theft and said actors associated with TraderTraitor were converting stolen assets into Ethereum.
Binance restarts withdrawals in phases after $6.3 billion hack
Binance has begun restoring crypto withdrawals in phases following a hack estimated at about $6.3 billion. Bitcoin and assets on 15 other blockchains were included in the first phase on Sunday. Further withdrawals will open only after each blockchain passes additional security and stability checks. Binance said company funds have replaced about 95% of the affected assets, compared with 90% a day earlier. Binance said the exchange will absorb the losses without charging users and that about $3 billion of stolen funds is currently frozen.
Lookonchain monitoring indicates that the Binance hacker is converting 970,500 stolen SOL, valued at $95.9 million, into BTC. Lookonchain reported that the hacker transferred 487,000 SOL, valued at $46.4 million, during the past hour.
Binance says it has covered 90% of roughly $6.3 billion stolen in hack
Binance says it has covered 90% of roughly $6.3 billion stolen from the exchange's hot wallets in what is believed to be cryptocurrency's largest hack. Binance says the exchange allocated more than $6.34 billion of company money to cover the losses. Binance says the remaining 10% consists of less liquid tokens that may take longer to purchase in sufficient quantities. About $3 billion in stolen assets has been frozen with assistance from law enforcement and industry partners. Binance says the exchange remains on schedule to resume withdrawals on Sunday, November 1.
Binance resumes customer withdrawals after record $6.3 billion hack
Binance has begun restoring customer withdrawals in stages after a record $6.3 billion theft on Thursday night. The FBI blamed the hack on TraderTraitor, a hacker group linked to North Korea. Binance said the company would reimburse affected customers. Binance has assembled funds covering 95% of the stolen assets and is buying tokens to cover the remaining 5%. Withdrawals initially cover ethereum, USDT and USDC on Ethereum, along with some assets on BNB Smart Chain.
OKX Star says OKX detects and counters cyberattacks every month
OKX Star said OKX identifies and counters cyberattacks each month, including advanced persistent threat (APT) attacks aimed at the crypto industry. OKX Star said OKX introduced automated penetration testing based on large language models more than a year ago. Following recent security incidents at peers, OKX Star pledged to learn from those incidents, expand internal security checks and keep improving OKX's security system.
Whale Alert flags about $2 billion leaving Binance after withdrawals reopen
Whale Alert identified about $2 billion leaving Binance within roughly three hours after withdrawals resumed on Sunday. The transfers involved Bitcoin, Ethereum and dollar-pegged stablecoins, with destinations labeled as unknown wallets. Binance says every withdrawal now comes from newly created wallets, but Binance has not publicly linked each transfer to those wallets. Binance suspended withdrawals after attackers stole about $6.3 billion on October 29. Only the first reopening phase, covering 15 networks, is operating, and other wallets have no firm reopening date.
Crypto analyst Plan B said Bitcoin's Relative Strength Index (RSI) has stayed above 50 for three consecutive months, potentially indicating that a new bull market is developing. Plan B said Bitcoin ended October at $77,430 without the October rally the market had anticipated.
Binance says phased withdrawals begin after about $6.3 billion hack
Binance said withdrawals have restarted in phases after a record hack involving about $6.3 billion in funds. Binance said the Bitcoin network reopened in the first phase. The exchange suspended user withdrawals after Thursday's attack, which the FBI attributed to North Korean operatives. Binance warned that the rollout could involve congestion, slower processing and temporary delays.
Arkham monitoring showed that an address labeled as the Binance hacker sent 485,270 SOL, valued at about $46.23 million, to another address. The transfer occurred approximately 1 minute ago.
CZ says US law enforcement helped prevent further Bitcoin losses
CZ credited US law enforcement agencies with helping track and freeze funds connected to the Binance theft. CZ said those agencies were largely responsible for Bitcoin avoiding further declines. The FBI previously confirmed that North Korea was responsible for stealing more than $6 billion from Binance.
XPL crash triggers long liquidations, Hyperliquid HLP vault loses about $556,000
On-chain monitoring data show that today's XPL flash crash caused Hyperliquid's HLP vault to lose approximately $556,000. XPL fell from $0.086431 to $0.069429, triggering successive liquidations of long positions. The HLP vault involuntarily absorbed long exposure to approximately 160.39 million XPL, worth about $12.18 million. The vault acquired the exposure at an average cost basis of $0.07592 and ultimately exited at $0.0725.
He Yi says Binance works with U.S. companies and police to recover stolen assets
Binance co-founder He Yi said Binance is cooperating with U.S. companies and law enforcement to recover stolen assets. He Yi said cooperation with U.S. companies is needed to freeze and recover the assets. Information that law enforcement agencies disclose in globally prominent cases has undergone rigorous verification and has a sound basis.
Polymarket Developers shifts Protocol V2 release to November 9 to avoid US election week
Polymarket Developers announced that Protocol V2 will launch on November 9 instead of November 2 to avoid US midterm election week. Polymarket Developers said the final schedule and deployment plan will follow in the coming days. Users need not act in the meantime, Polymarket Developers said.
Darkfost says Lazarus Group has stolen a cumulative $11.87 billion
Analyst Darkfost said the recent Binance hack brought the Lazarus Group's cumulative theft total to $11.87 billion. The amount corresponds to 45% of North Korea's GDP, based on Bank of Korea data for 2025. The amount also corresponds to 35% of North Korea's Gross National Income. However, some stolen funds were subsequently lost during money laundering.
Yuga Grails OTC said the firm facilitated an over-the-counter sale of BAYC #950 and BAYC #5310. Yuga Grails OTC identified Machi Big Brother (Jeffrey Huang) as the seller and Adam Weitsman as the buyer.
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