24H Trending Coins and News | US Midterm Elections Vote Today; Brazilian Exchange Mercado Bitcoin Hit by Over $46 Million Theft (November 3)
- Key Takeaways: Binance has incurred cumulative losses of approximately $10.7 billion from fines and hacking incidents, accounting for 56% of its five-year estimated pre-tax profit; meanwhile, multiple exchange security incidents have prompted global regulators to accelerate the strengthening of cold wallet storage and asset protection requirements.
- Key Elements:
- Binance's estimated losses reach $10.7 billion, including approximately $4.34 billion in fines and approximately $6.38 billion in hacking incident losses; about $3 billion of recently stolen assets have been frozen.
- Brazilian exchange Mercado Bitcoin suffered over $46 million in stolen funds, with Tether and Circle having frozen approximately $6.2 million of the stolen assets.
- South Korea's Financial Services Commission urgently summoned Upbit, Bithumb, and other platforms to inspect security; current regulations require at least 80% of assets to be stored in cold wallets.
- ETH fell 16.1% in October, marking its second-worst October performance since 2016; BTC, SOL, and other major coins broadly declined over 24 hours.
- A 21shares report shows that spot ETFs have replaced public companies as the primary buyers of Bitcoin, with long-term holders reducing their positions by 248,000 BTC in Q3.
- OKX and ICE's stock tokenization plan faced opposition from 50 companies, accounting for approximately 79%; the NYSE introduced Broadridge to provide on-chain shareholder voting services.
- The SEC released an FAQ on crypto token classification; South Korea plans to impose an 11% tax on overseas exchanges' US stock perpetual contract gains.
CEX Trending Coins
CEX Top 10 by Trading Volume and 24-Hour Change：
- BTC：-1.35%
- ETH：-0.57%
- SOL：-1.71%
- ZEC：-5.80%
- NEAR：-8.43%
- XRP：+0.79%
- BNB：-1.31%
- HYPE：-3.51%
- U：-0.03%
- PEPE：-1.01%
24-Hour Gainers List (Data Source: OKX)：
- TRX：+2.31%
- XAUT：+1.33%
- XRP：+0.85%
- FIL：+0.33%
- UNI：-0.56%
- ETH：-0.57%
- PEPE：-0.94%
- DOGE：-1.02%
- LINK：-1.08%
- BNB：-1.26%
24-Hour Crypto Stock Gainers List (Data Source: msx.com)：
- SEGG：+39.10%
- LITZ：+36.56%
- AXTQ：+20.02%
- AAOZ：+15.12%
- CCXI：+14.60%
- AEHG：+13.19%
- ICG：+11.11%
- ANTA：+10.39%
- COHQ：+9.18%
- SNDQ：+8.50%
Headlines
Binance Fines and Hack Losses Estimated at $10.7 Billion, Roughly 56% of Five-Year Pre-Tax Profit
Cryptocurrency exchange Binance's costs from fines and hack-related losses are estimated at approximately $10.7 billion, equivalent to about 56% of its estimated pre-tax profit from 2021 to 2025. Vetle Lunde, Head of Research at K33 Research, estimates Binance's pre-tax profit over the same period at approximately $19.2 billion. Known fines total approximately $4.34 billion, including the $4.32 billion U.S. criminal settlement Binance agreed to pay in 2023; Binance's local business units in other countries were fined an additional approximately $20 million. Hack-related losses total approximately $6.38 billion, including $6.34 billion reserved for recent incidents and 7,000 BTC stolen in 2019. In the recent hack, approximately $3 billion in stolen crypto assets have been frozen, and the final amount Binance can recover remains unclear. Binance says it has covered approximately 95% of affected assets, withdrawals have recovered and stabilized after an initial surge; its tracked assets have declined more than 11% since October 29 to approximately $128.3 billion. (Bitcoin.com News)
U.S. Midterm Elections Vote Today
Today (November 3), the U.S. midterm elections will hold their official voting day. As of local time October 31, a record 50 million people had already voted early. This election is seen as a referendum on the Trump administration's performance over nearly two years in office, and will also affect the balance of power between Republicans and Democrats in Congress over the next two years, as well as their influence in various states. (CCTV International News)
Brazilian exchange Mercado Bitcoin said a security incident resulted in more than $46 million in cryptocurrency being transferred out of its wallets on Monday. Hours after the company suspended deposits and withdrawals, funds were still moving from addresses related to the incident, followed by thousands of small ETH transfers into the same address. Security firms say the attack was carried out through regular transfers, not a smart contract exploit. As of 16:42 UTC, stablecoin issuers Tether and Circle had frozen approximately $6.2 million in stolen funds; approximately $20 million was transferred to newly created wallets, while more than $20 million remains in addresses identified by Mercado Bitcoin, including all 106 BTC. A Mercado Bitcoin spokesperson said customers suffered no losses and no data was leaked; the incident is still under investigation and has not yet been attributed to an organized group. (Cointelegraph)
Industry News
50 Companies Oppose OKXICE Stock Tokenization Plan, with 12 New Additions Including Nvidia
OKXICE disclosed that 12 additional companies have opposed its stock tokenization plan, including Nvidia, Costco, Nike, Reddit, and CrowdStrike, bringing the total number of companies that have formally objected to 50, approximately 79% of the 63 companies initially proposed for inclusion. The newly added objecting companies also include Palo Alto Networks, Micron Technology, Corning, Hewlett Packard Enterprise, IREN, USA Rare Earth, and Bloom Energy.
The New York Stock Exchange (NYSE) announced a partnership with Wall Street financial services giant Broadridge Financial Solutions to provide on-chain governance and digital transfer agent services for its planned tokenized stock trading platform, covering shareholder record management, investor communications, and proxy voting. Investors will be able to participate in shareholder voting through supported wallets, brokerage platforms, or Broadridge's existing ProxyVote service. Broadridge will help tokenized stocks retain traditional market shareholder rights while trading on-chain. Previously, Securitize and tZERO were also included in the NYSE tokenized platform's transfer agent service arrangements.
Down 16.1% in October, ETH Records Second-Worst Performance Since 2016
In October 2026, ETH fell 16.1% cumulatively, its second-worst October performance since 2016. The decline also ended a previous three-month winning streak.
21shares: Bitcoin Q3 Demand Structure Shifts, Spot ETFs Replace Public Companies as Main Buyers
21shares' Q3 2026 Bitcoin market report shows that Bitcoin rose 42.7% in Q3, with long-term holders reducing holdings by 248,000 BTC, worth approximately $17.4 billion, nearly 3 times the amount added by ETFs during the same period. On the miner side, miner revenue in September 2026 exceeded estimated total mining costs by 6%, ending a previous 10-month streak below the break-even line. BTC transaction fees covered only 0.67% of the Bitcoin network's $2.96 billion security costs in Q3; at September 2026 prices and network hash rate levels, after the 2028 halving, block reward revenue is expected to cover only 80% of miners' electricity costs.
Project News
Binance Security Incident Recovery Update: Plans to Generate New Reserve Snapshot on November 4
According to an official announcement, Binance released a security incident recovery update. The zero-knowledge proof for the October 31 proof-of-reserves snapshot has been generated, and users can now complete independent verification. It has been confirmed that the affected assets have been fully replenished through Binance's own funds; currently, BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC all have 100% full reserve backing. A new proof-of-reserves snapshot was also completed at 08:00 on October 31, 2026 (UTC+8) to show users the latest asset reserve status and further enhance transparency. Binance plans to generate a new reserve snapshot on November 4, 2026, and expand token coverage, after which an updated full zero-knowledge proof will be generated. Due to the large computational workload, it is expected to take approximately 40 to 50 hours to complete. Binance has currently completed approximately 95% of the backfilling of affected assets. The remaining approximately 5% of assets not yet backfilled are mainly tokens not included in the top ten by market cap mentioned above.
Deposits Exceed $125 Million, Aave V4 Launches on Avalanche
Aave posted that deposits in Aave V4 on Avalanche have exceeded $125 million.
Record High, Solana Stablecoin Market Cap Reaches $17.51 Billion
Solana posted on X that Solana ecosystem applications generated nearly $300 million in revenue in Q3, up 50% from Q2; spot DEX trading volume reached $197 billion, and stablecoin market cap reached $17.51 billion, a record high.
Lisk Chain Shuts Down, Lisk Transitions to Enterprise Financial Platform
According to the official blog, Lisk announced that Lisk Chain was shut down on November 2, 2026, and Lisk will transition to a modern financial platform for enterprises. LSK will continue to operate as Lisk's loyalty token on Ethereum; after the shutdown, approximately 5.2 million LSK remaining in the staking rewards contract will be burned, including unallocated and earned but unclaimed rewards.
Funding & Investment
Crypto High-Frequency Trading Firm LO:TECH Completes $12 Million Series A Funding, Led by MMC
London-based high-frequency trading and market maker LO:TECH has completed a $12 million Series A funding round led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funding to expand into New York and Singapore markets and further develop trading execution services for traditional finance, digital assets, and prediction markets. Since completing a $5 million seed round in August 2025, LO:TECH's revenue has tripled, its team size has doubled, and it now serves more than 50 clients, including public companies. The company says revenue has achieved triple-digit growth over the past two years.
According to official news, StableStock recently completed a new strategic funding round at a $75 million valuation, with participation from Amber, Nomad Capital, Flow Traders, and Gate. Previously, StableStock was a first-batch incubated project of YZi Labs EASY Residency and received seed-round investment from YZi Labs, MPCi, and Vertex Ventures. StableStock will launch its Genesis points program on November 2.
tZERO Plans to Go Public Through $350 Million SPAC Deal, Aims for NYSE Listing in Early 2027
Tokenized securities platform tZERO announced plans to go public through a merger with special purpose acquisition company FG Imperii Acquisition Corp. (FGII), valuing tZERO at $350 million. The transaction is expected to bring up to $231 million in SPAC trust account funds to the combined company, depending on shareholder redemptions and related fees. The combined company plans to list on NYSE American in early 2027 under the ticker TZRO.
Regulatory Developments
A Fox Business crypto reporter posted on X that the SEC has just released a new FAQ on crypto token classification, saying the document appears intended to clarify some of the decentralization issues the Clarity Act seeks to address through legislation.
South Korea's Ministry of Economy and Finance has decided to classify perpetual contracts tied to U.S. stocks as overseas stock derivatives and include them in the capital gains tax scope. Starting next year, gains earned by South Korean investors through overseas crypto exchanges investing in such products will be taxed at 11%, after a basic deduction of 2.5 million won in annual gains, half the 22% tax rate on overseas spot stocks. U.S. stock perpetual contracts are traded through overseas crypto exchanges such as Binance and track U.S. stocks including Nvidia, Apple, and Tesla. Because South Korea's Financial Services Commission has not permitted perpetual contracts, South Korean investors can only participate through overseas exchanges. Data shows that from January to August this year, trading volume of such products across 19 global exchanges was approximately $1 trillion. The South Korean government plans to obtain records of investors' related transactions on overseas exchanges and tax accordingly.
U.S. Democratic Senator Elizabeth Warren and Republican Senator John Curtis sent a letter on October 28 to prediction market platforms Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Copeland, asking them to explain how they will prevent 2026 midterm election contracts from being improperly influenced. The two senators said election event contracts have attracted widespread attention and are viewed by some observers as political momentum indicators. They asked the platforms to explain how they will prevent candidates, campaign team members, and other election officials with non-public information from participating in related trading. The senators also questioned the platforms' claim that such contracts are financial products distinct from traditional gambling, and mentioned incidents including Kalshi user and California gubernatorial candidate Kyle Langford betting on his own campaign, and former Congressman George Santos allegedly betting on whether he would attend Trump's State of the Union address. The two also mentioned allegations of wash trading in Polymarket election contracts in 2024. Researchers found that traders with inside information on political events such as the timing of Israel's attack on Iran made a combined $143 million in profits on Polymarket between 2024 and 2026. Kalshi enforcement head Robert DeNault said the platform prohibits insider trading and market manipulation and proactively blocks candidates and campaign team members from trading; Polymarket did not respond. (Business Insider)
South Korea's Financial Services Commission urgently summoned representatives
