Binance began a phased resumption of withdrawals at 06:00 on November 1st, completing the first phase of withdrawals for 15 networks and assets at 12:36. As of 15:30 that day, Binance had processed a total of $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion, representing 2.1% of its total assets under management of $171 billion. Binance completed a new round of Proof-of-Reserve (PoR) snapshots at 00:00 on October 31st and launched Zero-Knowledge Proof (ZKP) calculations. The updated report is expected to be published on the PoR website on November 2nd.

Loomis stated that hackers stole $6.3 billion worth of crypto assets this week and transferred them to different blockchains within minutes. The CLARITY Act proposes a pilot program to encourage crypto companies to share intelligence directly with federal law enforcement agencies, and collaborative action between industry and law enforcement could curb the transfer of stolen funds.

On November 1, US President Trump stated that if Democrats win a majority of seats in the midterm elections, he will veto any bills proposed by the Democrats until they negotiate with him. Trump will hold campaign rallies in Kansas and Iowa on Sunday to support the Republicans in retaining control of Congress.

[He Yi: Beware of Scams Using GRAM Transfer Information to Forge Binance Announcements] Binance co-founder He Yi warned users to be wary of scams. Scammers send users small amounts of GRAM and insert fake Binance announcements into the transfer information, claiming that users' assets are not safe and inducing users to transfer to the so-called "Binance Vault." Users should not click on related links, connect wallets, or transfer funds to unfamiliar wallets.

Binance - LIT is currently priced at $3.24, up 11.72% in the last 24 hours. 24-hour trading volume is $300 million, representing a 215.29% increase. (For reference only.)