HSBC will establish a global AI research institute in Hong Kong, initially focusing on blockchain technology.

[Lazarus Steals $11.87 Billion in Crypto Assets, Equivalent to 45% of North Korea's GDP] According to statistics from on-chain analyst Darkfost, the North Korean hacking group Lazarus has stolen a total of $11.87 billion in crypto assets, equivalent to 45% of North Korea's Gross Domestic Product (GDP) and 35% of its Gross National Income (GNI). The recent Binance hack was Lazarus's largest attack in terms of the amount stolen, and some of the stolen funds were lost during money laundering.

The number of traders on the Hyperliquid platform has exceeded 3 million.

HSBC's Co-CEO for Asia and the Middle East, Liao Yijian, announced that HSBC will establish a global AI research institute in Hong Kong, expected to begin operations in early 2027. Initially, it will focus on AI application cases, blockchain technology, and post-quantum cryptography. HSBC currently has a team of 150 AI professionals in Hong Kong, and expects to double that size within the next two to three years. (Source: Caixin)

Binance has restored withdrawal services for USDC, USDT, and ETH on the Ethereum network, and USDC, USDT, and BNB on the BNB Smart Chain network. Binance will continue to conduct security checks and will restore withdrawal services for more assets and networks in phases after the checks are completed.

On-chain analyst Murphy pointed out that as of October 31, the total supply of BTC held by short-term holders was 2.2353 million coins, of which 1.147 million coins were in a floating loss state, accounting for 51.3%. The cost structure of short-term holders' positions shows a bimodal structure, with 1.145 million coins concentrated in the high-cost zone of $78,000 to $86,000, and 556,000 coins concentrated in the low-cost zone of $60,000 to $65,000. The average daily net reduction of low-cost coins was 6,733 coins in September, and the slowdown was in October.