Morgan Stanley has become one of the first banks to adopt DTCC's Tokenization Service (DTS), tokenizing its U.S. stocks and U.S. Treasuries. Launched on October 28, DTS enables the creation of tokenized representations backed by securities custodied by DTC to improve liquidity, collateral liquidity, and capital efficiency.

On November 2nd, the House of Stake, the governing body of the NEAR Protocol, passed proposal HSP-029 with 99.96% support, granting voting rights of 3.29 million veNEAR. The proposal plans to gradually reduce the annual token issuance cap from 2.5% to 1.6% over 24 months. Initiated by SVRN CEO Sal Ternullo, the proposal requires approval from the House of Stake security committee and completion of the protocol upgrade. Model estimates suggest that approximately 11.8 million fewer NEAR tokens will be issued in the first two years after implementation, and approximately 66.1 million fewer over six years, reducing the daily issuance from approximately 89,500 to 57,300. (Source: Bitcoin.com News)

Binance failed to obtain cybersecurity insurance, and the approximately $6.3 billion in asset losses caused by the hack will only be covered by limited external commercial insurance. Binance's current directors and officers liability insurance does not directly cover the stolen crypto assets, but only provides protection for regulatory investigations and litigation (Source: Bloomberg Law).

Zach Pandl, Head of Research at Grayscale, analyzed that the over $6 billion theft from Binance in October brings the total crypto security losses for 2026 to over $8 billion, a new high. Excluding this incident, the losses in 2026 would be comparable to last year. The proportion of crypto security losses to total market capitalization has been declining in the long term. Binance has restored customer positions; currently, 95% of the affected assets have been replenished, with the remaining 5% requiring more time, but customers will not incur losses. Approximately $2.9 billion of the stolen funds have been frozen by stablecoin issuers such as Tether and Circle, and are expected to be returned to Binance. This incident will prompt exchanges to strengthen their security practices and increase the importance of institutional custody.

Binance - BTC/USDT is currently trading at $76988.01, down 0.20% in the last 5 minutes. Please be aware of market volatility.