Yu Xian: Binance hack indirectly boosts stETH yields; Lido's 7-day average APR rises to 4.2%.

[7,499 BTC transferred from Binance SAFU to unknown address] 7,499 BTC, worth approximately $581 million, were transferred from the Binance SAFU wallet to an unknown address.

[Key information: Are major players secretly building a bottom for BTC across multiple platforms?] Large buy orders persist across platforms, with ambiguous intent. The upcoming market dynamics remain intriguing.

In October, ETH staking reached the highest monthly level in Ethereum's history.

Binance has completed the replenishment of approximately 90% of the affected assets, with BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC achieving 100% full reserve support. The remaining approximately 10% of assets require more time to replenish due to lower liquidity; funds for this replenishment will come from the SAFU Fund, the Contract Insurance Fund, and Binance's own funds. Binance completed a new round of reserve proof snapshots on October 31st at 08:00, with complete proofs expected to be generated on November 3rd at 08:00.

Yu Xian, founder of SlowMist, said that Lido's 7-day average APR has risen from 2.2% to 4.2% in the past two days. Yesterday's Binance hack triggered fierce competition on the blockchain, which increased Ethereum execution layer rewards, benefiting stETH holders.