The US stock market lost $850 billion in market capitalization after opening.

Binance Co-CEO Richard Teng stated that Binance is rebuilding its withdrawal service and will reopen it after passing security tests, aiming to resume withdrawals by November 1st. Binance is conducting security audits of its terminal devices, cloud services, key management, and transaction signature system, and plans to release a full proof-of-reserve report on November 2nd. Currently, Binance's deposit service has resumed, but withdrawal service remains suspended.

Two addresses holding the Morgan Stanley MSBT Bitcoin ETF transferred 1,387 BTC, worth approximately $106 million, to a Coinbase Prime deposit address.

Analysts at StoneX and TD Cowen believe that Strategy's preferred stock financing structure is stabilizing, which will help it resume increasing its Bitcoin holdings. As of the end of the third quarter, Strategy held $5.07 billion in assets, including $4.83 billion in cash reserves. Strategy spent $2 billion to repurchase STRC preferred stock, bringing its price back to near $100 par value. Due to prioritizing cash reserves and supporting preferred stock, Strategy's Bitcoin holdings per share have decreased by 3.7% year-to-date. Furthermore, STRC, STRF, STRK, and STRD preferred stockholders have approved daily dividend payments.

Binance co-CEO Richard Teng stated that Binance is rebuilding its withdrawal service and expects it to be restored within 40 hours. Binance will release a full Proof of Reserves report on Monday. The investigation revealed that the attack involved a compromised laptop and other entry points. The attackers used a self-destruct mechanism to destroy traces and exploited EIP-7702 to gain on-chain execution authorization for a hot wallet.

Brother Machi's Bitcoin long positions were all closed, resulting in a loss of $12,000; his 25x leveraged Ethereum long positions are being reduced, holding 1,700 ETH with a floating loss of $23,000; his 10x leveraged HYPE long positions hold 11,000 HYPE with a floating loss of $2,800.