Block News

👀 U.S. OFFICIAL: TRUMP COULD TAKE A TOUGHER LINE ON IRAN IF REPUBLICANS LOSE

According to Axios, a U.S. official said that if Republicans suffer a major defeat in the midterm elections, Trump could be more inclined to launch a larger-scale military campaign.

The official said that feeling humiliated or losing power could prompt Trump to act boldly, while emphasizing that this is a favorable time for Iran to reach a deal.

However, a White House official rejected this connection, asserting that the election results would not affect Trump’s decisions on Iran.
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💵 BINANCE COMMITS TO COVER ALL LOSSES, WITH WITHDRAWALS EXPECTED TO RESUME ON NOVEMBER 1

Binance said the recovery rate for stolen assets has risen from 80% to 90%. Ten assets—BTC, ETH, USDT, $BNB, $SOL, USDC, $XRP, USD1, RLUSD, and ZEC—are now backed by 100% reserves.

The remaining approximately 10% consists of tokens with lower liquidity. Binance is continuing to replenish these assets through market purchases and OTC trades.

The exchange reaffirmed that it will bear all losses and that users will not be affected. Withdrawals are expected to resume on November 1, with the exact time to be announced once confirmed.

A new Proof of Reserves snapshot has been completed, and full evidence is expected to be published on November 3.
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💰 CRYPTO ORGANIZATIONS RAMP UP POLITICAL SPENDING AHEAD OF THE 2026 MIDTERM ELECTIONS

According to Public Citizen, crypto-related organizations have donated more than $200 million during the 2026 U.S. election cycle to increase their political influence and promote regulations favorable to the industry.

Fairshake and its affiliated PACs are supporting 33 House candidates. Coinbase and Ripple each contributed $25 million to Fairshake in 2025.

One notable focus is the Ohio Senate race, where Fairshake has spent $55 million opposing candidate Sherrod Brown, who has been critical of the crypto industry.

Meanwhile, the Clarity Act remains stalled in the Senate. If it is not passed by the end of the year, the process of drafting legislation on digital asset market structure may have to start over in the next Congress.
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🚨 NEXT TECHNOLOGY HOLDING CONSIDERS SELLING OR PLEDGING $449 MILLION IN BITCOIN

Next Technology Holding (NXTT) said its board of directors approved a plan to sell approximately 5,833 $BTC, valued at an estimated $449 million, or use the Bitcoin as collateral to raise capital.

The company cited concerns about the Binance hack, exchange security vulnerabilities, and risks from quantum computing. However, NXTT stated that its $BTC is not stored or held through Binance.

Notably, NXTT's market capitalization is only about $7.8 million, while the BTC the company reports holding is worth more than 50 times that amount. CEO Weihong Liu will make the final decision on the transaction; authorization does not necessarily mean the $BTC will be sold.
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👀 BINANCE IN TALKS WITH MALAYSIAN REGULATORS TO OBTAIN AN OPERATING LICENSE

According to Bloomberg, Binance is in talks with Malaysian regulators about a licensed business model, aiming to officially return to the market.

The company said it has been working continuously with the Securities Commission Malaysia and the central bank over the past 10 months.

Binance was previously ordered to cease operations in Malaysia in 2021 for operating illegally. Notably, the platform was also added back to the investor alert list this month.

Binance said it is cooperating with authorities and adjusting its operations to comply with local regulations.
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💥 MOJTABA KHAMENEI ORDERS IRAN TO UPDATE LIST OF U.S. AND ISRAELI TARGETS

Iran’s Supreme Leader Mojtaba Khamenei has ordered the armed forces to remain combat-ready and immediately respond to any threat, regardless of its level or geographic scope.

He also ordered an update to the list of targets, bringing U.S. and Israeli tangible and intangible assets within Iran’s striking range.

In addition, Mojtaba stressed the need to strengthen intelligence and defense capabilities and coordinate with allied forces in the region, in order to bolster Iran’s strength and deterrence.
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🤝 CZ CLARIFIES BINANCE’S OVER $1 BILLION INVESTMENT IN SPACEX

CZ said he never intended to sell his SpaceX shares or use the investment to pressure Elon

He said the SpaceX shares were mentioned to show that Binance owns assets outside of crypto, in response to questions about its financial strength and comparisons with FTX.

CZ described Binance’s investment as “a drop in the ocean” compared with SpaceX’s scale, while calling it an asset worth holding for the long term.

Earlier, CZ revealed that Binance had invested $500 million in Musk’s acquisition of Twitter, and that the value of its SpaceX shares has now surpassed $1 billion.
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👀 NORTH KOREA'S STATEMENT DRAWS ATTENTION AFTER $6.3 BILLION BINANCE HACK

North Korea declared that international sanctions are ineffective, just one day after the Binance attack, which is believed to be linked to North Korea.

The incident was described as one of the largest cryptocurrency thefts in history, with losses reportedly reaching up to $6.3 billion.
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👀 LOOKONCHAIN: NEW ADDRESS WITHDRAWS LARGE AMOUNTS OF LIT, ENA, AND ARB

According to Lookonchain, a newly created wallet (0x1c75) withdrew assets worth a total of approximately $6 million from OKX, including:

- 1.15 million $LIT: $3.31 million.
- 7.995 million $ENA: $1.51 million.
-7.31 million $ARB: $1.18 million.

The move to accumulate large amounts of altcoins from an exchange is attracting the community's attention.
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📉 U.S. BITCOIN ETFs REVERSE COURSE, $643.2 MILLION WITHDRAWN IN ONE DAY

According to Farside, U.S. spot Bitcoin ETFs recorded $643.2 million in net outflows yesterday, ending a four-session streak of inflows.

Meanwhile, Ethereum ETFs saw $155.7 million in outflows, marking their fifth consecutive session of withdrawals.

Institutional funds appear to be pulling back from both $BTC and $ETH.
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💀 RECALL FOUNDATION SHUTS DOWN, 358.56 MILLION TOKENS TO BE BURNED

Recall Foundation announced its dissolution because the project is no longer commercially viable. An estimated 358.56 million $RECALL, equivalent to 35.86% of the total supply, will be burned.

Exchanges are expected to delist $RECALL and stop supporting liquidity. Staked tokens will not be burned; users need to unstake and withdraw them themselves.

There will be no new tokens, airdrops, or conversion program. Holders should beware of impersonation scams.
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👀 ONCHAIN LENS DETECTS 120 MILLION TRX BEING CONTINUOUSLY SPLIT UP

According to Onchain Lens, the hacker group behind the Binance attack is accelerating its money laundering efforts by automatically splitting assets across multiple wallets, making them harder to trace.

The latest transaction involved 120 million $TRX, worth approximately $38.78 million, which was then further dispersed across multiple addresses.
Onchain Lens says this automated transfer pattern is quite unusual.
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💰 TITAN BUILDER REVENUE SURPASSES TETHER AFTER BINANCE ATTACK

Titan Builder’s revenue on Ethereum surged to $22.83 million in 24 hours, surpassing Tether’s $16.99 million.

This was driven by the Binance attack, during which the attacker dumped assets on Ethereum, creating numerous arbitrage and MEV opportunities.

By capitalizing on order flow from searchers, Titan Builder earned substantial profits from building high-value blocks.
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🎉 18 YEARS AGO TODAY, SATOSHI NAKAMOTO PUBLISHED THE BITCOIN WHITE PAPER

It has been exactly 18 years since Satoshi Nakamoto published the Bitcoin white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” on the P2P Foundation forum.

The Bitcoin network officially went live on January 3, 2009, with an initial trading price of just around $0.0008.

BTC is currently trading at $77,376, bringing its total market capitalization to around $1.56 trillion.

From an idea for peer-to-peer digital cash to a trillion-dollar asset, Bitcoin has come a long way—not
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🚀 OP RISES 23%, OPTIMISM PROPOSES REVENUE SHARING WITH SUPERCHAIN PARTNERS

OP rose more than 23% to $0.1211, bringing its market capitalization to $524 million and reaching its highest level in nearly a week.

The rally was driven by a new proposal from the Optimism Foundation to share a portion of sequencer revenue in ETH with partners that make significant contributions to OP Mainnet.

Notably, Uniswap’s Unichain is also moving to $OP Enterprise, helping Optimism expand the Superchain ecosystem and increase future revenue.
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🚀 TETHER REPORTS $1.5 BILLION IN PROFIT IN Q3, EXCESS RESERVES NEARLY DOUBLE

Tether announced net operating profit of $1.5 billion in Q3 2026, bringing its total profit for the first nine months of the year to $4.5 billion.

Notably, excess reserves rose to $7.95 billion, nearly double the previous quarter. Total reserve assets reached $191.5 billion, of which $132.4 billion was allocated to U.S. Treasury securities.

Tether said its reserve strategy focuses on highly liquid, short-term assets to ensure it can meet demand for USDT redemptions even during periods of severe market volatility.
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🚀 AAVE UNFREEZES MARKETS AFTER BINANCE INCIDENT, SOME ASSETS REMAIN RESTRICTED

Aave announced that all Aave V3 and V4 markets have been unfrozen following the Binance incident. Users can now resume supplying assets and taking out new loans.

Aave confirmed that the contracts were unaffected and that positions remain fully collateralized.

However, the loan-to-value (LTV) ratios for some assets, including USDT, USDC, POL, WAVAX, XAUT, and PAXG, remain at 0, meaning they temporarily cannot be used as collateral for new loans.
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👀 BINANCE HACKER MISTAKENLY TRANSFERS $3.5 MILLION WORTH OF TOKENS INTO NEWT CONTRACT AND PERMANENTLY LOCKS THEM

According to the Newton Foundation, the attacker mistakenly transferred around 8 million $NEWT, along with 17 other types of tokens worth a total of approximately $3.5 million, directly into the $NEWT token contract.

Notably, the contract cannot be upgraded, nor can assets be recovered from it. All of the tokens have been permanently locked, and the hacker cannot control them or sell them on the market.

The Newton Foundation confirmed that the contract was not attacked and has shared the investigation findings with Binance.
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💥 322 CRYPTO HACKS RECORDED IN 2026, MORE THAN DOUBLE LAST YEAR’S TOTAL

According to DefiLlama, the crypto market recorded 322 confirmed hacks in 2026, with total losses exceeding $8 billion—more than double the total number of incidents last year.

Notably, there are still two months left in 2026. This figure shows that security risks in the crypto industry remain alarmingly high.
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💵 NEWLY CREATED WALLET WITHDRAWS 68,773 SOL FROM KRAKEN, BYBIT, AND OKX

According to Lookonchain, a newly created wallet (2VXozU) has just withdrawn a total of 68,773 $SOL, worth approximately $6.65 million, from the three exchanges Kraken, Bybit, and OKX.

The move is attracting attention from the community as a large amount of $SOL is transferred off exchanges.
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