In response to external criticism of Binance's security and access control, He Yi stated that Binance accepts all criticism and emphasizes that user fund security is its primary responsibility. If a funding shortfall occurs, Binance will assume full responsibility. He Yi stated that Binance's decision to publicly disclose the details of the security incident aims to build trust through transparent disclosure and provide a reference for the industry in dealing with social engineering attacks and the risks of AI permission boundaries. Binance has restructured access permissions and security boundaries for all departments, updated equipment, reset AI tools, and adjusted its security system according to the principles of zero trust and least privilege. A security audit report will be released later. He Yi welcomes AI security experts and technical talents to join Binance to jointly verify and improve the security system.

BitGo launched its Global Markets division, integrating liquidity, trade execution, financing, derivatives, and settlement services, headed by former NYDIG executive Pete Janney. BitGo acquired NYDIG's institutional and trading business on August 27, adding approximately 30 employees. The new division offers spot and bulk OTC trading, crypto asset-backed financing, options, swaps, custom structured products, asset management strategies, private equity, and research services. Clearing and settlement are handled by Go Network, and the former BitGo Prime has been incorporated into this division. BTGO shares rose 3.4% in pre-market trading on Wednesday. (Source: The Block)

Bitcoin's price rebounded to $78,000, leading to the liquidation of $70 million in leveraged short positions. (Bitcoin Archive)

Polymarket trader 0xa2 topped the platform's daily rankings during the US midterm elections, posting a profit of $917,000. After Democrats won control of both the House and Senate, the trader's position betting that Republicans wouldn't win any Senate swing states rose to 87%. The trader invested $609,600 to buy into the above outcome, bringing the current position value to $1.48 million and generating a paper profit of approximately $860,000. The majority of this profit still depends on the final Alaska result. Polymarket traders believe there is a 14% probability of a Republican upset. In addition, 0xa2 has profited $106,100 betting on a Democratic victory in the Texas Senate election. The platform's top ten traders on the daily leaderboard have all profited over $170,000. (Source: Decrypt)

[U.S. Second Circuit Court of Appeals Rejects Injunction Petitions by Coinbase and Kalshi] The U.S. Second Circuit Court of Appeals rejected an appeal by Coinbase Financial Markets and Kalshi seeking an injunction in connection with enforcement actions against prediction markets in Connecticut and New York. The court heard cases involving Coinbase in Connecticut and Kalshi in Connecticut and New York. The judge stated that the applicants failed to demonstrate the necessity of an injunction during the appeal process. The ruling did not address the substantive issues of the appeals, nor did it require the platforms to cease trading or close existing positions.