In response to external criticism of Binance's security and access control, He Yi stated that Binance accepts all criticism and emphasizes that user fund security is its primary responsibility. If a funding shortfall occurs, Binance will assume full responsibility. He Yi stated that Binance's decision to publicly disclose the details of the security incident aims to build trust through transparent disclosure and provide a reference for the industry in dealing with social engineering attacks and the risks of AI permission boundaries. Binance has restructured access permissions and security boundaries for all departments, updated equipment, reset AI tools, and adjusted its security system according to the principles of zero trust and least privilege. A security audit report will be released later. He Yi welcomes AI security experts and technical talents to join Binance to jointly verify and improve the security system.

Bitcoin's price rebounded to $78,000, leading to the liquidation of $70 million in leveraged short positions. (Bitcoin Archive)

Polymarket trader 0xa2 topped the platform's daily rankings during the US midterm elections, posting a profit of $917,000. After Democrats won control of both the House and Senate, the trader's position betting that Republicans wouldn't win any Senate swing states rose to 87%. The trader invested $609,600 to buy into the above outcome, bringing the current position value to $1.48 million and generating a paper profit of approximately $860,000. The majority of this profit still depends on the final Alaska result. Polymarket traders believe there is a 14% probability of a Republican upset. In addition, 0xa2 has profited $106,100 betting on a Democratic victory in the Texas Senate election. The platform's top ten traders on the daily leaderboard have all profited over $170,000. (Source: Decrypt)

[U.S. Second Circuit Court of Appeals Rejects Injunction Petitions by Coinbase and Kalshi] The U.S. Second Circuit Court of Appeals rejected an appeal by Coinbase Financial Markets and Kalshi seeking an injunction in connection with enforcement actions against prediction markets in Connecticut and New York. The court heard cases involving Coinbase in Connecticut and Kalshi in Connecticut and New York. The judge stated that the applicants failed to demonstrate the necessity of an injunction during the appeal process. The ruling did not address the substantive issues of the appeals, nor did it require the platforms to cease trading or close existing positions.

Circle, the issuer of the stablecoin USDC, announced its third-quarter results, with total revenue and reserve income of $864.9 million, a year-over-year increase of 17%, exceeding market expectations of $776.7 million. Adjusted EBITDA was $317 million, a year-over-year increase of 91%, exceeding expectations of $202.8 million. Circle reported net income of $226 million, exceeding the expected $91.6 million; earnings per share were 84 cents, compared to 64 cents in the same period last year. Circle maintained its guidance, and its shares rose more than 3% in pre-market trading.