- Yi He said Binance blocked 57 suspected North Korea-linked cyberattacks in 2026.
- Block expects to pay roughly $964 million under a DOJ deferred prosecution deal.
- BTC miners grossed $1.215 billion in October, their highest since November 2025.
The global crypto market cap fell 0.6% to $2.655 trillion over the past 24 hours. Bitcoin traded at $76,585.53, down 0.3% on the day and down 5.5% over the past week. Ethereum changed hands at $2,255.66, down 0.1% in 24 hours and down 4.6% over seven days. BNB fell 1.4% to $687.38, down 8.0% weekly. XRP rose 0.9% to $1.26 but is down 5.6% over the week.
CoinGlass data showed $397 million in liquidations over 24 hours, with longs accounting for $323 million and shorts for $73.7509 million.
Trending Searches
AudaCity led trending searches, down 13.3% to $0.01676. Hyperliquid slipped 0.2% to $82.96 and NEAR Protocol edged down 0.1% to $3.80. Among top gainers, Capybobo rose 50.1% to $0.0005919, Bubblemaps climbed 38.6% to $0.02991 and Incentiv gained 37.2% to $0.002246.
Midterm Results
Democrat James Talarico has defeated Republican Ken Paxton in the Texas Senate race. Talarico would be the first Democrat to win a US Senate seat in Texas since 1988. In North Carolina, former Governor Roy Cooper, a Democrat, defeated Republican Michael Whatley, ending an 18-year Republican run in the state’s Senate races.
The Hill reported projections that Democrats will retake the House. Trump told The New York Times he will accept the results and is willing to work with Democrats.
Before results came in, Polymarket put the odds of Democrats winning the Senate at 76% and the House at 94%. The Block reported that Democratic control could put lawmakers such as Elizabeth Warren and Sherrod Brown in charge of key committees overseeing digital assets.
Binance Investigation
Binance’s preliminary investigation report said the October 29 attack, which involved about $6.34 billion in assets, began with a fake recruitment approach to a software engineer in September. The engineer downloaded a code repository for a supposed “homework” task, and a zero-day trojan inside it bypassed endpoint protection.
The attackers then used tampered Homebrew packages and internal AI tools to compromise more employee devices and reach the wallet signing service. From there, they used EIP-7702 to move assets out of hot wallets. Binance said about $2.85 billion has been frozen or blocked and that 98% of affected assets had been replenished as of October 31.
Binance co-founder Yi He said the exchange has blocked 57 suspected North Korea-linked cyberattacks this year. Lookonchain said the attacker is now converting SOL into BTC through THORChain.
Related: Binance Theft Wallet Uses Privacy Cash for $798K SOL Transfers
Other Security Incidents
ZachXBT said the EU financial institution that lost more than $133 million in an attack is allegedly the French bank Crédit Mutuel Arkéa. Mercado Bitcoin said affected assets now total about $36.3 million, of which $12.9 million has been frozen. Its platform remains suspended.
Regulation and Legal
The SEC’s Division of Corporation Finance issued a no-action letter calling Canton Coin a digital commodity. Cboe, Citadel Securities and other members of the Capital Markets Alliance sued the CFTC to overturn its approval of perpetual derivatives on individual US stocks.
Reports disclosed an agreement in principle with the DOJ to defer prosecution in an anti-money laundering probe, at a total cost of about $964 million. South Korea’s ruling party leader Kim Min-seok said he has formally proposed delaying the crypto income tax due to start on January 1, 2027.
Institutional and Payments
Morgan Stanley said it is among the first banks to tokenize US equities and Treasuries through DTCC’s Tokenization Service. Shopify and Coinbase are developing a Commerce Payments Protocol on Base to help merchants accept USDC. CoinDesk said 56 companies, including Amazon and Tesla, now object to tokenized trading of their shares on OKXICE.
Related: CryptoQuant CEO Ki Young Ju Says Bitcoin May Find Direction After US Midterm Elections
Market Outlook
Crypto stocks rallied on Tuesday, with Riot Platforms up 18.58% and MARA up 11.26%. Jinshi reported that Nasdaq futures fell about 1.5% on CME as early results favored Democrats. Newhedge.io data showed Bitcoin miners earned $1.215 billion in October, the highest monthly total since November 2025. Markus Thielen, founder of 10x Research, expects Bitcoin to reach $90,000 by year-end but said it may first drop to between $77,000 and $79,000.
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