Key Factor: $188 Million in BTC Orders Concentrated in the Same Range

On September 6, attackers exploited an Elements range proof-of-validation vulnerability to issue approximately 4,000 L-BTC, causing the reserves to drop from approximately 4,205 BTC to 197 BTC. Most of the tokens have been returned, with the final 250 BTC deposited on November 2nd filling the gap. SideSwap shows that 4270.54 BTC support an equivalent amount of L-BTC. Direct redemption through the affiliate program remains restricted; users must exit through an exchange service provider.

[Sequoia Capital Restructures and Raises $10 Billion New Fund, Closes London Office] On November 4th, Sequoia Capital published an article on X, announcing a series of adjustments one year after completing its generational transition. Sequoia Capital will focus on high-conviction venture capital, discontinue the Arc Accelerator and Scouts programs, streamline its operations and investment teams, and eliminate the distinction between early-stage and growth-stage teams. Sequoia Capital will close its London office and will support European entrepreneurs from its San Francisco Bay Area headquarters. Simultaneously, Sequoia Capital has flattened its partner structure, eliminated weekly partner meetings, and raised a new $10 billion fund. Currently, Sequoia Capital is run by seven general partners, focusing on AI, space, biotechnology, and re-industrialization.

Bitcoin rose $2,700 in one hour, returning to the $81,000 mark. (Bitcoin Archive)

Binance has recovered approximately 98% of the stolen assets. The remaining 2% of tokens are in low liquidity and will require time to purchase. Binance will absorb all losses and has reserved more than 100% of the required total assets from its own funds. Binance completed a new round of reserve proof snapshots at 8:00 AM on November 4th, increasing the number of covered tokens from 10 to 44. The complete zero-knowledge proof is expected to take 50 to 60 hours to generate, at which point users can independently verify whether their account balance is supported by at least 1:1 reserves.

Aave announced on its X platform that SPCXc is now available on the Coinbase tokenized stock Aave V4 market on Base, allowing users to use it as collateral to borrow USDC. Tokenized shares are only available to users in eligible jurisdictions outside the United States.