Following the $6.3 billion hack, Binance has increased rebate incentives for smaller market makers in the spot and futures markets. During a week-long promotion, Tier 2 and 3 market makers will receive the same rebate rates as Tier 4 market makers, incentivizing liquidity providers to quote prices and maintain order book depth. A Binance spokesperson stated that the company is taking steps to maintain its core liquidity advantage (Source: Bloomberg).

[CZ: Binance has allocated all compensation funds, with only 5% of the remaining funds still being used to purchase smaller cryptocurrencies] On November 3, Binance co-founder CZ stated that Binance has allocated all relevant funds, with only about 5% remaining due to liquidity issues and still being used to purchase smaller cryptocurrencies.

Bitcoin Treasuries stated on the X platform that DeFi Development Corp. has increased its holdings by 5,336 Solana, bringing its total holdings to 2.6 million SOL. CEO Joseph Onorati stated that tokenization will be a key driver of SOL's long-term growth, and the company is continuing to increase its holdings accordingly.

Bitcoin futures are trading at a 5.8% premium to spot prices, a metric that has been improving over the past 90 days, signaling a strong recovery in the derivatives market. (Bitcoin Archive)

A key provider of shareholder voting and corporate services on Wall Street, Broadridge will help bring investor rights onchain for the exchange's upcoming venue.