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Hyperliquid will receive more than $15 million in USDC reserve yields in November. The revenue is expected to fund the buyback of approximately 180,000 HYPE at the current price. On-chain data shows that the Hyperliquid Assistance Fund (AF) received a test transfer of 2.52 USDC at 00:00 UTC on November 2. Public data shows that reserve yields for October totaled approximately $14.58 million.

SoSoValue data show that spot HYPE ETFs recorded net outflows of $595,000 between October 26 and 30, Eastern Time. The data show that 21Shares’ THYP led weekly net outflows, with $913,400, while Bitwise’s BHYP led weekly net inflows, with $595,900. At the time of writing, SoSoValue data put total net assets at $450 million and cumulative net inflows at $303 million.

SoSoValue data shows that spot bitcoin ETFs recorded total net outflows of $203 million between October 26 and 30, Eastern Time. Fidelity FBTC had the largest weekly net outflows, at $166 million. BlackRock IBIT led weekly net inflows, with $177 million. SoSoValue put the combined net asset value of spot bitcoin ETFs at $98.14 billion as of press time.

Spot XRP ETFs attracted net inflows of $4,325,000 last week, from October 26 to 30, U.S. Eastern Time, according to data from SoSoValue. Franklin Templeton’s XRPZ led weekly net inflows with $5,567,900. Bitwise’s XRP recorded the largest weekly net outflows, at $1.44 million. SoSoValue put the combined net asset value of spot XRP ETFs at $1.42 billion as of press time.

SoSoValue data shows that spot Ethereum ETFs recorded net outflows of $432 million last week, marking the fifth consecutive week of net outflows. The trading period ran from October 26 to 30, U.S. Eastern Time. BlackRock’s ETHA led weekly net outflows, with $391 million, while Fidelity’s FETH led weekly net inflows, with $63,067,300. SoSoValue put the funds’ combined net asset value at $13.22 billion as of publication.

SoSoValue data show that SOL spot ETFs recorded a record weekly net outflow of $71,474,800 from October 26 to 30, Eastern Time. Bitwise's BSOL led weekly net outflows, with $45,817,600, according to SoSoValue. The data put the total net asset value of SOL spot ETFs at $1.4 billion as of press time.

South Korea’s Financial Services Commission urgently convened representatives of cryptocurrency trading platforms for a security review on the morning of November 2. The review examined preparedness for large-scale cyberattacks and systems for protecting users’ assets, following a major asset theft at Binance. South Korea’s Virtual Asset User Protection Act requires platforms to keep at least 80% of users’ virtual assets in cold wallets disconnected from the internet. Discussions included plans to increase the share of users’ assets held in cold wallets.

Binance founder and former CEO Changpeng Zhao said Sunday that 98% of users stayed on the platform after Binance resumed withdrawals following a $6.3 billion cryptocurrency theft. Binance gradually resumed withdrawals Sunday after suspending them to contain the damage. Binance said the exchange has covered $6 billion, approximately 95% of the stolen funds. The U.S. Secret Service said it is working with other federal authorities to track and recover the funds. FBI investigators attributed the attack to North Korean cybercriminals.

Madagascar’s Ministry of Justice said that 148 Chinese citizens were extradited to China on suspicion of involvement in romance scams, cryptocurrency fraud and fake investment schemes. Madagascar dismantled 13 telecommunications fraud centers in raids carried out between August and September this year. The operations led to the seizure of cryptocurrency worth $52 million, approximately 346 million yuan (RMB).

He Yi said that personal relationships alone cannot get a project listed on Binance. In a post responding to rumors, He Yi acknowledged that she knows Dovey Wan, co-founder of Primitive Ventures, but denied the claim that she was a “best friend who accompanied her during childbirth.” He Yi said that listings secured solely through personal relationships would indicate that Binance’s review capabilities were inadequate.

SoSoValue data from November 2 showed a modest recovery in the cryptocurrency sectors, with CeFi rising 1.34% over 24 hours. SoSoValue recorded a 1.04% gain for BTC, which climbed back above $78,000. SoSoValue recorded a 1.06% increase for ETH, which approached $2,300. However, SoSoValue showed a 1.61% decline in the AI sector, with AKE falling 22.42%.

Coin Bureau's analysis concluded that U.S. midterm elections preceded each of the three lows in previous Bitcoin cycles. Coin Bureau suggested that the next Bitcoin cycle low could occur between late 2026 and early 2027 if the pattern repeats.

Binance customers withdrew $3.64 billion, equivalent to 2.1% of assets, as the platform resumed services following last week's $6.3 billion theft. Binance said withdrawals were stabilizing after an initial surge and that deposits remained substantial. Binance said company-funded purchases had replaced 95% of the stolen assets. DefiLlama put outflows at $5.81 billion; Binance disputed DefiLlama's earlier estimate and did not immediately respond about the updated figure. The FBI attributed the attack to TraderTraitor, a state-sponsored North Korean unit, while President Donald Trump said North Korea's involvement remained uncertain. Pyongyang has long denied using state-linked cyber units for espionage, theft, and revenue generation.

Matt Hougan, Bitwise’s chief investment officer, argues that a $6.3 billion hack would have brought down Binance and Bitcoin a decade ago. Hougan says the theft does not change Bitcoin’s long-term trajectory. Binance says the exchange has covered $6 billion of the loss. U.S. spot bitcoin exchange-traded funds (ETFs) recorded $643 million in outflows the following day, although Bitcoin’s price had started falling before the attack. The FBI attributed the attack to North Korea.

THORChain suspended swaps across 10 networks on Saturday after an Ethereum block reorganization exposed a flaw in refunds. THORChain said an additional payment of 10 ETH triggered an automatic pause. Chainalysis said the suspension disrupted North Korean hackers’ attempts to launder funds from last week’s $6.3 billion Binance hack. According to THORChain’s network status page, operations remained available on Avalanche, Base, and XRP. The FBI urged infrastructure providers on Saturday to block transactions linked to addresses used by TraderTraitor to launder the stolen funds.

Bitcoin, Ethereum, XRP, and Dogecoin remained stable on Sunday night following a $6.3 billion hack of Binance. Bitcoin traded between $77,600 and $78,500 as investors assessed the hack and awaited the midterm elections. Coinglass data showed more than $130 million in cryptocurrency liquidations over the past 24 hours, including $74 million in bullish long positions. Analyst Ali Martinez warned that Bitcoin could face another major correction if the declines following the last four midterm elections were repeated. However, analyst Michaël van de Poppe said the elections were already priced into the market and forecast a rally toward the end of the year after a possible final low.

Fu Sheng, chairman and CEO of Cheetah Mobile, said the large-scale theft from Binance reflects the growing fragility of traditional security strategies in the AI era. Fu said the theft does not prove that Binance's security measures are insufficient. He believes a broader approach based on human habits would substantially reduce the problem. Binance co-founder Yi He responded that everyone is learning through trial and error, at a somewhat high cost.

The Digital Renminbi Operation and Management Center said that China Merchants Bank and other operating institutions have added a feature for printing wallet statements through the digital renminbi app. Users can request PDF statement certificates online for purposes such as visa and credit applications. They can also download transaction records in Excel format for reconciliation and verification.