U.S. elections put pressure on the market: According to preliminary results, Democrats are taking a majority in the Senate. For crypto, this signals tighter regulation ahead. Bitcoin (BTC) briefly fell to $75,600 but bounced back and is trading around $77,600–$78,000. Traders are actively hedging risks with options.

Details of the $6.3 billion Binance hack: The FBI blamed the Lazarus Group. The hackers infiltrated the company through a fake LinkedIn job interview, infected an engineer’s computer, and used the exchange’s internal AI tools to breach DevOps containers. Binance has already frozen $2.5 billion in assets in cooperation with Tether/Circle, and covered the rest from its reserves. Daily outflows from the exchange exceeded $3.6 billion.

BitMart under attack: The BitMart exchange confirmed it was hacked. The attack is linked to the same group that previously tried to hack Mercado Bitcoin. The breach was caused by staff shortages following layoffs.

Altcoins: NEAR is undergoing the v2.14.0 hard fork today and recovering to $3.84 amid yesterday’s news of lower inflation. XRP is trading higher at around $1.25 — the XRPL network is urgently fixing a bug that allowed partners to secretly issue stablecoins.