In the US midterm elections, the crypto industry spent over $64 million but failed to prevent Sherrod Brown's re-election, and several Republican lawmakers who support cryptocurrencies lost their seats. Pro-crypto Republicans Bryan Steil, Zach Nunn, and Ann Wagner lost their seats, and Mike Lawler has conceded defeat. (Source: Associated Press)

The Mercado Bitcoin hack sold 31 altcoins and exchanged them for approximately $316,000 worth of ETH. The hacker has cashed out approximately 7,988 ETH across multiple wallets, with a total value of approximately $18.19 million.

[Fortuneo Suffers Fraud Attack, Over $133 Million Involved] Fortuneo, the online bank of the French Crédit Mutuel Arkéa Group, suffered a fraud attack in which attackers used forged identities to transfer funds to cryptocurrency exchanges. ZachXBT estimates the amount involved to be over $133 million. Bitquery data shows that approximately $62.98 million worth of stablecoins were exchanged for 27,553 ETH via UniswapX within four hours. The funds were subsequently transferred through cross-chain and instant exchange services, with some being converted into Monero. Kraken and Crypto.com have frozen the funds and confirmed that their systems and customer accounts were not compromised. Crédit Mutuel Arkéa confirmed the attack on November 4th. The situation is currently under control, the bank has suspended some transactions, and stated that customer assets have not been affected. (Source: Cryptooast)

China has confirmed that it is in discussions with the United States and Russia regarding the possibility of a first meeting between President Trump, Xi Jinping, and Putin during this month's APEC summit.

[L2BEAT Renamed ETHBEAT, Expanding Business Scope to the Ethereum Ecosystem] L2BEAT has officially changed its name to ETHBEAT, expanding its business scope from Ethereum Layer 2 to the entire Ethereum ecosystem. ETHBEAT will continue to monitor L2 while strengthening its research in areas such as privacy, interoperability, tokens, zero-knowledge proofs (ZK), and native rollups. It will also expand into the liquidity staking field in the future. ETHBEAT's research focus shifts to assessing whether Ethereum ecosystem projects inherit Ethereum's core security attributes, including censorship resistance, open source, privacy, and security, as well as the intermediaries that users need to trust. ETHBEAT launched the CROPS Guidelines, which include ecosystem projects that meet relevant principles. The organization will help users identify and reduce their reliance on intermediaries through technical research, risk assessment, open-source tools, and industry standard development.