Hyperliquid traders opened a $43 million long position after losing $5.88 million.

Investment bank H.C. Wainwright reiterated its buy rating on Strategy with a price target of $250.

Binance founder Changpeng Zhao stated that hackers are increasingly utilizing AI technology, and the frequency and speed of hacker attacks are expected to increase in the future. The industry must leverage AI technology to strengthen its defenses in response to these threats.

Binance founder Changpeng Zhao stated that if security attacks continue and protection measures are not improved, the adoption of crypto technology will be hampered. Zhao believes that the early stages of new technology development are inevitably painful, and the industry may encounter more problems before things improve. Zhao hopes the US government will provide support and believes the US government can communicate with North Korea.

Backpack Warns Against Fake Airdrop Scams Using Tokenized Stocks as a Pretext Backpack has issued an official statement warning of fraudulent airdrops claiming to distribute tokenized stocks issued by Backpack Securities. These activities are unrelated to Backpack Securities. Backpack advises users to be cautious of unfamiliar links and wallet connection requests, and to verify the authenticity of tokenized securities addresses through the official asset directory.

[French National Assembly Postpones Budget Vote After Rejecting Crypto Exit Tax Proposal] The French National Assembly has postponed its vote on the 2027 budget revenue section, resuming deliberations on November 3rd. 758 amendments remain to be discussed. Previously, on October 30th, the assembly rejected two amendments that would have included crypto assets in an exit tax, concerning unrealized gains when taxpayers relocate their tax residence abroad. One amendment was rejected with 27 votes in favor and 55 against, and the other with 31 votes in favor and 60 against. The budget is still under review. (Source: French National Assembly)