After Huang Licheng's ETH long positions were liquidated, he deposited more funds and now holds a long position of $5.88 million.

[Hashib Qureshi: Market Reaction After Binance Hack Calm Compared to FTX Incident, Industry Has Matured] Dragonfly Managing Partner Hashib Qureshi stated that the market reaction to the Binance hack differed from that of the FTX incident. The market only dropped a few percentage points, sentiment was calm, and bargain hunters continued to pour in. Although the losses from the theft were slightly over $6 billion, only about 25% less than the FTX funding gap, the market has a high opinion of Binance's business reputation, and the industry is cooperating with each other, reflecting that the industry has matured.

Fireblocks CEO Michael Shaulov stated at the Meridian 2026 event in StellarOrg that traditional banks need more industry talent to provide assistance when trying to tokenize assets.

CryptoQuant data shows that Coinbase Premium has fallen to its lowest point in four years, the first time since the FTX crash in November 2022. (Source: CryptoQuant)

Within approximately eight hours of the Binance hack, the notional trading volume of BTC options on the Paradigm platform reached approximately $590 million, accounting for about half of the total notional trading volume of Deribit BTC options during the same period. The funds flowed primarily into put options. The first transaction occurred about 15 minutes after funds flowed out of the Binance wallet, with a buyer purchasing 250 put options expiring on October 31st with a strike price of $78,000. During the most active hour, two separate transactions of 1,000 put options each expiring in mid-November with a strike price of $74,000 were executed, with a notional value of approximately $155 million. Paradigm noted that the buying was concentrated at the $74,000 to $78,000 strike price, mainly for hedging against short-term pullbacks.

Blockaid CEO Ido Ben-Natan stated that Ethereum EIP-7702 was not the cause of the $6.3 billion Binance theft, but it may have helped attackers bypass security checks and transfer funds in one go. (Source: Cointelegraph)