BitGo launches its institutional trading and financial services division, Global Markets.

Nasdaq futures turned negative, and Nvidia's pre-market stock price fell by more than 1%.

The North Korean hacking group TraderTraitor is transferring $6.3 billion of stolen funds from Binance via THORChain, converting Ethereum into Bitcoin, which has driven RUNE up nearly 10% in the past 24 hours. The attackers used the stolen funds to buy ETH through the Ethereum network and then exchanged it for BTC via THORChain. As of November 1, the attackers had exchanged approximately $48.3 million through this protocol, ultimately receiving approximately $42.7 million, with transaction fees and slippage losses amounting to approximately 12%. The FBI has attributed the October 29 attack on Binance to TraderTraitor and has called on THORChain node operators and crypto service providers to intercept the relevant addresses. Binance has frozen approximately $2.85 billion in stolen funds and replenished about 98% of the affected tokens with company funds. Elliptic believes that the stolen funds are currently still being transferred between different addresses.

Meta shares are currently up 0.61% in pre-market trading, at $626. Meta Platforms issued its first euro-denominated bonds, attracting a record €53 billion in demand.

Analyst Adam stated that the on-chain transaction terminal is approaching the fifth retracement in history with a magnitude of 90%. Historical data shows that such retracements typically last about 45 days from peak to trough, with the longest lasting 61 days, occurring in March 2025. This current pullback has lasted 58 days, approaching the longest record in history. Assuming the on-chain trading market does not fall into a prolonged recession, trading volume may begin to recover soon.

USDC issuer Circle laid off 5% of its workforce during the quarter it achieved profitability.