Zhao Changpeng stated that Binance did not experience a bank run, and the actual outflow of funds was lower than expected.
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Changpeng Zhao stated that Binance did not experience a bank run, with the actual outflow of funds amounting to approximately $3.6 billion, representing about 2% of total holdings, lower than his expectation of 10% to 30%.
Standard Chartered analyst Geoff Kendrick predicted at the SALT conference that on-chain non-stablecoin assets will grow 50 times in the next two to three years.
Ethereum's privacy Layer 2 network, Aztec, has released the Tierra (Alpha V6) upgrade, fixing security vulnerabilities in version V5 and introducing an AI security testing system. This upgrade doubles the speed of generating privacy-preserving proofs of transactions, reducing the time for Ethereum messages to reach the Aztec network to as little as 12 seconds. The Aztec network currently has over 3,000 validators and no centralized sorting mechanism or privileged key viewing. (Source: The Block)
[Trump: Israel Doesn't Need $4 Billion Aid; Fed Rate Cut Helps Balance Budget] US President Trump, in an interview with Fox News, stated that an agreement has been reached with Israel to halt $4 billion in aid, and that Israel has the right to purchase necessary weapons. Trump claimed that the Fed's rate cut will help balance the budget and believes the midterm election results will be better than expected.
On November 3rd, the Bitcoin ETF saw a net outflow of 5,942 BTC, amounting to $459 million, and a net outflow of 9,593 BTC, amounting to $741 million, over the past seven days. The Ethereum ETF saw a net outflow of 86,589 ETH, amounting to $197 million, and a net outflow of 195,872 ETH, amounting to $446 million, over the past seven days. (Lookonchain)
