唐华斑竹

Let’s keep going, everyone! Help Lao Tang push toward reaching 10,000 followers!
Lao Tang plans to make lots of friends on Binance Square. First, let’s reach 10,000 followers! I’ll stop by to follow people whenever I have time each day, prioritizing those who comment below this post. I’ll do my best to support newcomers on Square as they build their accounts!
I’m sending out a round of red packets first—share this with your friends so they can claim one too! Just comment “Lao Tang wants 10,000 followers” below to receive a token red packet. I’ll send out 1,000 to start, and add more if that’s not enough. I promise there’ll be one for everyone!
You can claim a red packet within 7 days. After they expire, I’ll make another post and send out a new round! Please follow me to claim a red packet. #红包大派送 #RedPacketMission $BNB

Actually, don't forget, President Trump's term has two years left. There's still plenty of time! $SOL

I just saw an analysis saying that the bottoms of Bitcoin’s past three cycles all occurred after the U.S. midterm elections: 71 days after the election in 2014, 39 days in 2018, and 13 days in 2022. If this pattern repeats, another opportunity may be right in front of us. What do you think? $SOL

Bitcoin has rallied, so I wouldn’t chase it for now. I think BNB and SOL offer better value at the moment. When BTC takes a breather, these two are very likely to catch up. $SOL

Yi He: There is no situation in which Binance listing decisions are influenced solely by personal relationships
Yi He responded to rumors in a post, saying that she knows Dovey Wan, co-founder of Primitive Ventures, but that there was no so-called “best friend accompanying her during childbirth” situation. No one can get a project listed on Binance based solely on personal connections. She said that if a project could be listed just through personal connections, it would indicate that Binance’s review process was inadequate. Investing and trading never guarantee profits, and the broad market rally in 2017 was a product of its time. $BNB

Binance resumed withdrawals as expected, with all 15 networks open. Yesterday, November 1, cumulative net outflows were about $3.64 billion. Binance doesn’t seem to be under any pressure—if people want to withdraw, let them. Although a few people online were clearly trying to stir things up, it didn’t cause much of a stir. I don’t know who’s withdrawing; I haven’t seen anyone around me doing so, and everyone’s reaction has been pretty calm. Bitcoin is recovering this Monday and is now at 78,496. The small long position I opened at 76,786 has started making a profit. Pretty good. $BNB

Unitree is really no fun—what happened? Unitree Technology plunged more than 11%, now at 575.07 yuan. The stock market is more volatile than the crypto market now. $UNITREE

Trump says the U.S. will engage with North Korea if its involvement in the Binance theft is confirmed
According to a video released by the White House Rapid Response team, U.S. President Trump said in response to a question about the Binance theft: "We are looking into the situation. It is not yet clear whether North Korea was responsible. If North Korea was indeed involved, we will engage with them." $SOL

It’s all going to be space computing power from now on
Musk on SpaceX’s computing power strategy: Space-based computing power could surpass ground-based computing power by the end of 2028
Sequoia Capital partner Shaun Maguire used a model to predict that SpaceX’s revenue will grow from around $51.5 billion in fiscal 2026 to around $274 billion in fiscal 2027, an increase of about 5.3 times year over year, and rise further to around $731 billion in fiscal 2028. Analysts believe SpaceX’s growth will be driven mainly by its space infrastructure (SI) business, especially its ground-based computing business, whose deployment capacity is expected to expand from 1 GW in early 2026 to 21 GW by the end of 2028.

In response, Musk said that future ground-based computing capacity will be negligible compared with space-based computing capacity. He expects SpaceX’s monthly additions to deployed orbital computing capacity to potentially exceed those on the ground by the end of 2028, and to pull far ahead in 2029. $SOL

He Yi responds to “whale withdrawals”: Unknown wallet flagged by Whale Alert is actually a new Binance address
In response to a community user sharing Whale Alert’s report of a large Bitcoin transfer from Binance to an unknown wallet and saying that “some whales have started withdrawing,” Binance co-CEO He Yi posted a response: “The so-called unknown wallet is a new Binance address, already listed in POR.”
$BNB

He Yi: Binance is working with U.S. companies and law enforcement to recover stolen assets
Binance co-founder He Yi said that Binance needs to work with U.S. companies to freeze and recover the assets in question. U.S. law enforcement agencies are highly efficient in their response, and for cases attracting global attention, any information released by law enforcement agencies is rigorously verified and supported by evidence. $SOL

Is the AI stock boom over?!
Goldman Sachs: Hedge funds liquidate all AI stock positions bought since the start of 2025 in just 5 days
According to Goldman Sachs data, hedge funds sold off all the global AI-related stocks they had accumulated since the start of 2025 in just five trading days, recording net sales of global AI stocks for five consecutive trading days. In addition, hedge funds reduced their technology stock holdings by about $20 billion over two weeks, most of it by selling existing positions. They sold at a rate 3.5 times faster than they opened new short positions in AI-related stocks.

The portfolio of hedge funds’ most favored stocks tracked by Goldman Sachs fell 4.2% on October 22, its largest one-day drop since 2011. Citing Morgan Stanley data going back to 2016, Steno Research said hedge funds cut their overall equity exposure by about 7.8%, the largest decline in the data series. $SOL

As one of the grassroots members of the crypto community, I sincerely thank U.S. law enforcement agencies!
CZ: Bitcoin’s failure to fall further is largely thanks to U.S. law enforcement agencies
According to CZ, U.S. law enforcement agencies including the FBI, the U.S. Secret Service (USSS), and the Internal Revenue Service (IRS) provided crucial assistance in the Binance hack, including tracking and freezing funds. CZ said that a single tweet could not fully express his gratitude, and many crypto users may not realize that Bitcoin’s failure to fall further is largely thanks to these agencies. The FBI previously confirmed that North Korea was behind the theft of more than $6 billion from Binance.$SOL

Is that for real?
Plan B: Bitcoin RSI above 50 for three consecutive months may signal the start of a new bull market
Crypto analyst Plan B posted that Bitcoin closed October at $77,430, failing to deliver the “Uptober” rally the market had hoped for. However, Bitcoin’s Relative Strength Index (RSI) has remained above 50 for the third consecutive month, and Plan B believes this signal suggests a new bull market is taking shape.$SOL

Turns out iPhones are even less reliable than Android phones
OneKey founder: iPhone 11 and earlier models have hardware vulnerabilities that cannot be fixed through system updates and are not recommended for storing recovery phrases
OneKey founder Yishi posted a warning on X that using older iPhones as cold wallets for crypto assets may pose security risks. The checkm8 vulnerability in the BootROM affects iPhone 4S through iPhone X. The usbliter8 vulnerability, disclosed this June, affects the iPhone XS, XR, and 11 series, as well as the second-generation SE. All involve low-level boot code and cannot be fixed through iOS system updates. After gaining physical access to a device, an attacker can execute code via the USB port before iOS starts. Enabling Airplane Mode cannot prevent this type of attack.

Yishi advised against using iPhone 11 and earlier models to store recovery phrases. Users who have already saved recovery phrases on such devices should generate new ones in a trusted environment and transfer their assets, rather than simply changing the wallet address associated with the original recovery phrase. Users should also keep their systems up to date, use more complex device and wallet passwords, avoid charging through public USB ports, and be alert to the risk of physical attacks while their devices are out of their control for extended periods.

Previously, OneKey founder Yishi had posted on X recommending that users use an iPhone as a cold wallet, but only an iPhone 17 or newer model. $SOL

The FBI takes action
FBI attributes over $6 billion stolen from Binance to North Korea, urges DeFi platforms and operators, including THORSwap, to block related transactions
The FBI announced that North Korea was responsible for the theft of more than $6 billion in virtual assets from Binance around October 29, and dubbed the related malicious cyber activity “TraderTraitor.” The FBI said that it, the U.S. Secret Service (USSS), and the Internal Revenue Service Criminal Investigation Division (IRS-CI) observed that the attackers had primarily converted the stolen assets into ETH, and were expected to launder them through DeFi and instant exchange services.

The FBI also urged THORChain node operators, RPC node operators, instant exchange platforms, DeFi services, and blockchain analytics firms to block transactions involving the related addresses, and published hundreds of associated ETH, BTC, and SOL addresses. Trump previously said that an investigation was underway into whether North Korea was behind the incident. $SOL

There was no extreme black swan event, largely because Binance is so powerful. People believe it can weather the storm, afford to compensate users, and make the money back.
The atmosphere was completely different from the tension not long ago after Bitget was hacked. Without being asked or urged, major institutions and projects proactively helped Binance track down and intercept the funds, return them, and otherwise prove their loyalty. No one online was fixated on when withdrawals would reopen; instead, quite a few people deposited funds into Binance to buy the dip. That’s how much weight Binance carries. $BNB

The long, sluggish weekend is finally almost over. After tonight, it’ll be Monday. Thankfully, the market hasn’t suffered a cliff-like crash; Bitcoin has held above 77,000 and even ticked upward slightly, showing signs of recovery. That’s a good sign. If no more bad news breaks, we may see a small rebound on Monday, giving those who bought the dip a modest profit. $SOL

About 90% of affected assets have been replenished; Binance announces proof-of-reserves snapshot

Binance announced that as of October 31, about 90% of affected assets had been replenished, up from the previously disclosed 80%. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are now fully backed by reserves; the remaining approximately 10% consists of tokens outside the top 10 previously mentioned. Due to their relatively lower liquidity, it may take longer to acquire enough of them.

Binance said the funds used to replenish the assets came from a portion of the SAFU Fund (expected to be completed within the next 24 hours), some funds from the contract insurance fund, and Binance’s own funds. Binance completed a new proof-of-reserves snapshot at 08:00 on October 31 (UTC+8). The full attestation is expected to be generated on November 3 (UTC).

On-chain data shows that the Binance SAFU Fund address transferred a total of 7,500 BTC in three transactions at around 10:30 and 10:48. The address currently holds 7,500 BTC, worth approximately $580 million. $BNB

Making money on Toutiao is so easy—there are business opportunities everywhere. Any friends in the US? Can a set of mahjong tiles really sell for 400 bucks over there?! Mahjong machine manufacturers back home, what are you waiting for? Get to work already! $SOL