Binance plans November 4 reserve snapshot after security incident
Binance announced plans for a new reserve snapshot on November 4, 2026, following a security incident. Binance said the exchange had fully replaced the affected assets using Binance's own funds. Binance said BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC each have 100% reserve backing. Binance said users can independently verify the October 31 reserve snapshot using a zero-knowledge proof that has been generated. Binance plans to broaden token coverage with the new snapshot and then produce an updated, complete zero-knowledge proof.
Trump said he would be willing to offer protective pardons to Elon Musk and close aides if Democrats take control of Congress after the midterm elections https://www.bloomberg.com/news/articles/2026-11-02/trump-says-he-would-offer-pardons-to-musk-aides-if-necessary?taid=6ae886ff1b8d710001946619&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
🗳️ Americans head to the polls tomorrow, while energy markets watch for what comes next. The Reuters Morning Bid podcast explains why oil traders are paying close attention to the midterms https://reut.rs/4A769iu
Chile President José Antonio Kast’s approval rating sank to a record low as a controversy over the early release of convicted child sex offenders added to anger over a stagnant economy https://www.bloomberg.com/news/articles/2026-11-02/chile-s-kast-approval-sinks-over-early-release-of-sex-offenders?taid=6ae8882ac52de30001da16ad&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Phiên tòa xét xử vụ án mạng ở Hong Kong nghe lời khai rằng bạn trai cũ lên kế hoạch giết huấn luyện viên yoga https://www.scmp.com/news/hong-kong/law-and-crime/article/3373019/ex-boyfriend-planned-kill-yoga-instructor-hong-kong-murder-trial-hears?utm_medium=Social&utm_source=Twitter#Echobox=1793624239
Roundup: Some CISOs show little sympathy after multibillion-dollar Binance theft
This is a roundup of cybersecurity developments. Some chief information security officers show limited sympathy for Binance after a theft worth multiple billions of dollars, without expressing support for the hackers. The roundup also covers an airline breach widening and cybersecurity stocks falling.
ZachXBT suspects EU entity lost over $106 million in hack
On-chain investigator ZachXBT issued an alert based on a personal assessment that an EU entity suffered a suspected attack on November 1, losing over $106 million. The alert said multiple centralized exchange accounts were compromised, with funds withdrawn as USDC and USDT. Monitoring showed attackers continuing to move funds through instant exchange platforms, Monero and cross-chain bridges over the past 24 hours. ZachXBT released 11 addresses linked to the incident and urged the community to track the funds.
Roundup: Bitcoin options price brief volatility surge around US midterm elections
This roundup focuses on traders positioning for a brief increase in bitcoin volatility around the U.S. midterm elections. Implied volatility for options expiring November 4 is about 43.5%, compared with roughly 36% for subsequent expiries. Futures positioning suggests traders are protecting existing holdings rather than adding new bets. Bitcoin and ether have recovered above Friday's lows following the Binance hack. However, SoSoValue data show spot bitcoin ETFs recorded about $643 million in outflows on Friday, the largest since June.
Israeli crypto executives opposed Prime Minister Benjamin Netanyahu's proposal to use cryptocurrency to evade possible banking sanctions, Bitcoin.com News reported. The Bank of Israel also objected to the proposal. Addressable CEO Tomer Sharoni and Orbs CEO Ran Hammer warned that the remarks could increase overseas scrutiny of Israeli crypto businesses and damage the local Web3 ecosystem's reputation. Sharoni called for a joint regulatory sandbox, internationally compliant licensing and measures to address access to banking services.
Sexual-health experts disagree on why the rate of infections is swelling in Europe. What is not disputed is the danger the surge poses https://www.economist.com/europe/2026/08/09/sexually-transmitted-infections-are-surging-in-europe?taid=6ae884aa13e4ae000129fbbf&utm_campaign=editorial-social&utm_content=discovery.content&utm_medium=social-media.content.np&utm_source=twitter
XRP Ledger set to fix flaw that could let token-burning partners issue tokens
The XRP Ledger is expected to activate a fix Wednesday for a flaw that can allow accounts with token-burning permission to create tokens under certain conditions. The flaw affects ledger-issued tokens, including stablecoins, but does not affect XRP's supply. Activation could occur as early as around 14:46 UTC on November 4 if validator support remains sufficient, after a temporary decline delayed the update by nearly two weeks. The package also fixes trading pool, vault and lending calculations, although the lending service and its required vault system still lack sufficient validator support to launch.
Roundup: Binance resumes withdrawals after biggest-ever crypto hack
This roundup covers Binance reopening withdrawals after suffering the biggest-ever crypto hack. Binance customers regained access to withdrawals on Sunday after Binance rushed to cover losses. Other topics include an executive close to Nvidia's CEO suspected of giving information to China and the implications of the Weil Gotshal implosion for the legal industry.