[Maji Big Brother continues to increase ETH long positions after liquidation, total losses reach $14.5 million] Onchain Lens monitoring shows that Maji Big Brother continued to add 25x leveraged ETH long positions after being liquidated. As of now, his total losses in contract and spot trading have reached $14.5 million.

[SBF Claims FTX Did Not Go Bankrupt, 98% of Creditors Have Received 120% Repayment] FTX founder SBF (Sam Bankman-Fried) stated on his X platform account that FTX was never truly bankrupt, despite lawyers placing it under bankruptcy proceedings. SBF mentioned that over 7 million customers had deposited approximately $20 billion into FTX, and in November 2022, due to an inability to meet customer withdrawal demands, FTX filed for bankruptcy, still owing customers $8 billion at the time. After two years of bankruptcy management, it has now been disclosed that all customers will receive 119% to 143% repayment, with approximately 98% of creditors having already received 120% repayment. Following the payment of $8 billion in claims and $1 billion in legal fees, the bankruptcy management still retains $8 billion in funds.

[OKX CEO Star Responds to Employee Termination Incident: Key Projects Not Completed] OKX founder and CEO Star responded to community users' concerns about employee termination on the X platform, stating that X Layer is an early-stage public chain with a TVL of less than $100 million. The strategic upgrade has been underway for just over three months, while 'builder 00X' has been in the position for less than two months, with no key projects completed. He emphasized that respect is mutual and criticized the waste of resources on immature projects.

[U.S. Senate Agriculture Committee to Release Bipartisan Draft Bill on Crypto Market Structure] The U.S. Senate Agriculture Committee plans to release a bipartisan draft bill aimed at regulating the structure of the cryptocurrency market, particularly in areas related to commodities. Reports indicate that the exact release date of the draft remains uncertain, with some suggesting it could be announced as early as tomorrow (November 1, UTC+8), while others believe final preparations may delay the release until next week. Meanwhile, bipartisan staff from the Banking Committee have resumed related negotiations, incorporating insights from last week's industry roundtable, signaling that the legislative process for crypto market structure is accelerating.

[Brevis Partners with KaitoAI to Introduce Privacy-Protected On-Chain Verification Functionality] On October 31, the smart verifiable computation platform Brevis announced a partnership with KaitoAI to introduce privacy-protected on-chain verification functionality to the InfoFi ecosystem. Activities on the Kaito platform can now verify users' on-chain identities through Brevis' zero-knowledge proof technology without exposing wallet addresses. The first application is the Brevis Yapper leaderboard, addressing the issue of privacy leaks caused by InfoFi's inability to verify on-chain behavior. Users can now anonymously prove themselves as long-term holders or active DeFi users without disclosing their asset portfolios.