News linked to both this project and an event.
According to Bloomberg reports, Bobby Lee, founder of the digital asset hardware wallet company Ballet, stated in an interview with Bloomberg Television that the Bitcoin stolen in the Binance security incident is likely irrecoverable, as the related assets have already fallen into the hands of the hackers. He noted that stablecoins are currently the asset type with the most realistic chance of recovery, but freezing assets does not mean the recovery process is complete. Binance will still need to cooperate with law enforcement agencies on the investigation and formally apply to claim the frozen assets.
according to Bitcoin News monitoring, attackers allegedly used EIP-7702 delegation to point the Binance Wallet to malicious code, thereby transferring funds. How the attacker obtained authorization is still under investigation, with two possibilities currently: the private key was stolen, or the attacker obtained a malicious authorization signature through a compromised signing process. Neither scenario has been confirmed. If the private key was not stolen, this attack may expose a significant vulnerability in the exchange's transaction authorization mechanism, rather than a private key security issue.
Odaily reports: According to Bitcoin News monitoring, on-chain analysis shows that attackers appear to have exploited the Ethereum EIP-7702 mechanism to obtain signature authorization, installing malicious code without directly accessing the private keys of Binance-associated wallets. The attackers then called a function named "sweep" to transfer ETH and dozens of tokens into wallets under their control; the same delegation permission was reportedly also used to transfer $780 million USDC out of another Binance hot wallet. The attackers' transaction relayer received funding through Tornado Cash, and nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the relevant authorization remains unclear. Binance stated that user funds are safe and that an investigation is currently underway.
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
According to CoinDesk, prediction market platform Polymarket launched five-minute cryptocurrency price prediction contracts on Oct. 28 on a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), covering Bitcoin, Ethereum, Solana, and XRP. Users can wager on whether the cryptocurrency’s price at the end of the five-minute cycle will be higher or lower than the starting price; correct predictions pay out $1 per contract, while incorrect ones receive no payout.
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
Odaily reports: Gate Money connects account payments, asset exchange, and everyday spending, with its services underpinned by collaboration among international banks, payment institutions, custody providers, and clearing institutions. Eligible users can use bank accounts in their own name to manage fiat funds by currency, process deposits and withdrawals, and send and receive digital assets through supported blockchain networks. The availability of each feature depends on local regulatory requirements, the service capabilities of partner institutions, and user eligibility.On the compliance front, Gate has obtained a MiCA license and a Payment Institution (PI) license in the EU, its Dubai entity has obtained a VARA license, and its Australian entity has completed AUSTRAC registration as a digital currency exchange provider, with these qualifications applying to the respective entities and approved business activities. Gate US holds 37 state-level Money Transmitter Licenses (MTLs), covering 47 U.S. states and territories. On asset transparency, Gate's latest proof of reserves shows that the platform's total reserve size has risen to USD 8.688 billion, with an overall reserve coverage ratio of 118.49%; BTC reserves reached 25,727, with a reserve ratio of 121.60%; ETH reserves stood at 449,042, with a reserve ratio of 123.78%. Collaboration with financial institutions, compliance qualifications, and verifiable reserves together form the foundation of Gate Money's services, supporting the platform in meeting fund payment and asset management needs beyond trading. (Cointelegraph)
Odaily Report: Approximately $11 billion worth of Bitcoin options are set to expire on October 30, accounting for about one-third of Deribit's total open interest in Bitcoin options. Coupled with the approaching US midterm elections on November 3, the market may face greater volatility.Bitcoin fell below the $80,000 mark on Monday this week and has since hovered around that level, trading at approximately $81,100 in the Singapore market on Thursday. Among the soon-to-expire options, call options outnumber put options, with strike prices concentrated at $90,000, $95,000, and $100,000 — contracts at these levels are likely to expire worthless in the short term. Meanwhile, approximately 70% of the expiring options' Gamma is concentrated in the $75,000 to $82,000 range. Adam Haeems, Head of Asset Management at Tesseract Group, noted that if market makers hold short positions, their hedging activities could accelerate Bitcoin's decline below the $75,000 to $78,000 range; if they hold long positions, it could cushion the downside.Caroline Mauron, co-founder of Orbit Markets, pointed out that some option sellers may wait until after the US midterm elections on November 3 to establish new positions, resulting in a lack of常规 Gamma supply to buffer price fluctuations. Volatility could increase further around the announcement of election results.Additionally, the battle for congressional control could also affect the Trump administration's ability to advance crypto-friendly policies. A Bloomberg Market Pulse survey shows that if Republicans retain control of both chambers of Congress, the median year-end Bitcoin price forecast is $90,800; if Democrats control both chambers, it is $76,450; and if Congress is split between the two parties, it is $84,100. Paul Howard, Senior Director at Wincent, expects that after market volatility hit historic lows over the past year, Bitcoin market volatility in November may rebound significantly. (Bloomberg)
According to CoinDesk, Toronto-based Canadian lending institution APX Lending announced on Wednesday that it plans to launch Bitcoin-secured mortgages in the first quarter of 2027, enabling homebuyers to secure down payments or full purchase prices without selling their Bitcoin. The company has opened its waitlist and claims it will become Canada’s first regulated provider of Bitcoin-secured mortgages, though it has yet to disclose interest rates, repayment terms, maximum loan-to-value caps, and the triggers for additional collateral calls or liquidation.
According to local media outlet Valor Econômico, the bank submitted its notice to the Central Bank of Brazil on Tuesday, ahead of the compliance deadline of October 30. Under the regulatory framework, banks authorized by the central bank can offer crypto services through a notification process, while dedicated virtual asset service providers must apply for an operating license. According to its website, Itaú Unibanco offers 15 crypto assets, including Bitcoin, Ethereum, and the US dollar-pegged stablecoin USDC; the service launched in December 2023, and the bank has not disclosed the number of clients or trading volumes.
Odaily reports: USAT is independently issued by Anchorage Digital Bank, N.A., with Tether providing technology and supporting branding, strategy, and distribution. Anchorage's disclosure states that Tether is not the issuer of USAT and has no obligation to redeem or guarantee the token; USAT and USDT are different products with different issuers and legal arrangements.Anchorage's terms only allow approved customers to directly mint or redeem USAT, while other holders typically need to trade through exchanges or the secondary market. Its August 31, 2026 reserve report shows approximately 175.7 million redeemable USAT in circulation, corresponding to approximately $176.4 million in reserve assets.The GENIUS Act took effect on July 18, 2025, with its main issuance framework set to be implemented on January 18, 2027. The U.S. Office of the Comptroller of the Currency (OCC) published the main implementing rules on October 21, 2026; as of October 27, the OCC had not yet initiated the application process, and public materials do not indicate that USAT has obtained issuance approval under the Act. (Bitcoin.com News)
Odaily Report: Following the capture of Chen Zhi, the "mastermind" behind Cambodia's Prince Group, multiple jurisdictions have successively initiated proceedings to dispose of Prince Group's related assets. In connection with the 30 British Virgin Islands (BVI) entities effectively controlled by Chen Zhi, local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets. The BVI insolvency proceedings are collective in nature, and eligibility to file claims is not determined by nationality or jurisdiction—potential victims from any jurisdiction may file claims. This means that victims of telecom fraud and online gambling from China may also be able to submit claims at some point in the future.It is noted that "the scope of liquidation is not determined solely on the basis of sanctions." Two companies not subject to sanctions but included in the liquidation list—Amber Hill Ventures Limited ("AHV") and Lateral Bridge Global Limited ("LBG")—were mentioned in U.S. judicial proceedings and are entities within the broad network associated with Prince Group. Prosecutors stated that of the more than 120,000 BTC seized by the United States, over 90,000 BTC flowed through AHV, LBG, and another entity registered in the Cayman Islands, Future Technology Investment. As for claims by victims of telecom fraud and online gambling, no claims filing and distribution process has yet been established. If liquidation proceedings commence in the future and sufficient funds are available to support distributions to creditors, the liquidators will establish a claims process, adjudicate claims, and make distributions in accordance with BVI insolvency law. (Caixin)
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Brazilian Supreme Court Justice Luiz Fux will hold a public hearing on November 3 regarding the ban on sports betting and online casinos, and has not yet ruled on whether to suspend the ban. The hearing is scheduled for 10 a.m. local time and will focus on the economic impact of the ban.The ban took effect on October 25, and Brazil's 85 gambling licenses were invalidated as a result. Brazilian President Luiz Inácio Lula da Silva won re-election on the same day, and the gambling industry organization ANJL called for the resumption of dialogue with the government.The hearing will have 26 participants, including relevant litigants, government agencies, football clubs, and industry organizations; individual betting operators were not invited. Congress was initially required to vote on the provisional measure by November 23, with the deadline extendable once for up to 60 days. (Bitcoin.com News)
Odaily reports: CF Benchmarks, the index provider under Kraken's parent company Payward, has launched CFB Oracle, bringing pricing benchmarks for BlackRock's Bitcoin ETF and CME Group cryptocurrency futures into blockchain applications. The service provides benchmark data across cryptocurrency, equities, bonds, commodities, and forex markets, enabling developers to build products such as on-chain index funds, tokenized portfolios, and derivatives.CF Benchmarks states that its indices currently serve products representing over $120 billion in assets. CFB Oracle now supports Ethereum, HyperEVM, and Robinhood Chain, with plans to expand to other compatible networks in the future. Payward also plans to use the service to provide pricing data for its upcoming U.S. perpetual contract product, which is still awaiting regulatory approval. The service will compete with oracle providers such as Chainlink and Pyth. (CoinDesk)
According to Decrypt, NIP Group, the parent company of the esports organization Ninjas in Pyjamas, has acquired its third batch of Bitcoin mining machines through the issuance of over 247 million Class A ordinary shares as consideration. Following the transaction, the company’s total hash rate will reach approximately 13.85 EH/s, with expected monthly production of around 195 BTC. Valued at current market prices, this amounts to roughly $2.8 million, representing an increase of 35 coins over the previous monthly target of 160. CEO Hicham Chahine stated that the company strategically timed its entry into mining during a market cooldown, adding that the initiative has cleared a comprehensive internal review focused on boosting profit margins and achieving profitability. He further noted that should the AI and high-performance computing divisions continue to deliver superior returns compared to mining, the company may redirect a portion of its computing capacity toward AI infrastructure.
Odaily reports: Crypto analyst Darkfost posted that the Bitcoin Unified Sentiment Index has fallen back into negative territory, currently at -11 and continuing to decline, indicating that the previous extreme greed phase has passed and bearish market sentiment is beginning to accumulate.Darkfost noted that the current index reading remains within a relatively neutral range but clearly reflects deteriorating sentiment in the Bitcoin market. The index fluctuates between -100 and +100, combining the Fear and Greed Index and CoinGecko sentiment survey data, and is standardized based on a rolling one-year window.
According to Bitcoin.com News, a collaborative project in Thailand has launched a digital wallet app called WORPT, which allows foreign tourists to exchange stablecoins such as USDT and USDC for Thai baht and make payments to local merchants via Thailand's QR Promptpay network. Launched under the Securities and Exchange Commission of Thailand’s (SEC) tourist Digipay regulatory sandbox initiative, the app is jointly developed by Waan Exchange and Wipay, in partnership with the USDT issuer, The Mall Group, and Visa. Designed within the sandbox framework, local merchants will not receive cryptocurrency directly; instead, payments are settled in Thai baht through standard payment channels. WORPT also plans to introduce physical and virtual Visa prepaid cards, allowing users to draw from a shared Thai baht balance for both QR code scans and card transactions. The project is slated to hold its official launch event in November 2026.
据 Bitcoin.com News 报道，西班牙国民警卫队在对加密货币平台 Arbistar 的调查中发现，与该已倒闭公司相关的数字钱包在平台崩盘后仍发生大额比特币转移。调查显示，2020年 9 月平台崩盘时约 881 枚比特币被转入外部钱包；2021年 1 月至 3 月，与主要被告关联的钱包累计流入流出超过 2 万枚比特币，按 2021年 3月 31 日比特币价格计算价值逾 11 亿美元。 西班牙当局将该平台定性为影响多达 3.2 万名投资者的庞氏骗局，2020 年检方称约 10 亿美元投资者资金去向不明。创始人 Santiago Fuentes Jover 及合伙人 Diego Fernández Nojarova 分别被判处 16 年和 11 年监禁。
According to Bitcoin.com News, the Central Bank of Ireland announced on October 22 a fine of €3.252618 million against Coinbase Ireland Limited for violating the client fund protection and outsourcing requirements under Ireland's Electronic Money Regulations 2011. Coinbase acknowledged the violations, with regulators stating the breaches occurred between November 1, 2020, and August 19, 2025, and a settlement was reached on October 21. The case involves Coinbase Ireland's role as an electronic money institution, specifically covering fiat and e-money used by customers to purchase crypto assets, and should not be described as a MiCA custody enforcement action.