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Zero-knowledge proof computing network Cysic said in a post-incident analysis of its bridge exploit that the attacker minted 10 million 2 CYS on BNB Smart Chain on Oct. 17, 2026. The attacker first conducted two test mints of one CYS each and then minted 10 million CYS. Cysic said it temporarily suspended the bridge after 7.2 million CYS from the minted supply had been sold and froze 2.8 million CYS.

Total crypto market trading volume fell 27.5% from the previous quarter to $1.2 trillion in the third quarter, extending a decline to a third straight quarter, according to a TokenInsight exchange report. Spot trading volume dropped 55% and derivatives volume fell 17%. By contrast, average open interest in the derivatives market rose 11% from the previous quarter. Across the nine exchanges included in the report, cumulative trading volume in equity and commodity perpetual contracts reached $210 billion, including $161 billion in equity contracts. Binance accounted for 58.60% of equity contract volume, followed by OKX at 15.79% and Bitget at 7.60%. TradFi products made up 26.25% of total derivatives volume on Binance, 22.06% on Bitget, 17.38% on MEXC and 15.76% on OKX.

Whale Alert reported that 240,000,005 USDT has been transferred from an unknown wallet to Binance. The transaction is valued at about $240 million.

Competition and tensions around the real-world asset tokenization market on Wall Street are intensifying, Eleanor Terrett, host of the podcast 'Crypto in America,' said on X. Terrett said some companies are pushing back against tokenization business plans by crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, while suspicions have also emerged that Nasdaq has been applying behind-the-scenes pressure. Interest is also growing in the regulatory and policy environment for the tokenization market ahead of the U.S. midterm elections.

Binance recorded about $3.5 billion in net outflows over the past 24 hours, according to DeFi analytics platform DefiLlama. That was down 50% from the daily peak of about $7 billion, while the platform’s inflow-to-outflow ratio rebounded to around 78% from about 20% in the early stage of the hack. Binance’s total assets currently stand at about $127.8 billion, indicating liquidity conditions have improved.

Blockchain-based securities trading infrastructure firm tZERO is seeking a U.S. stock market listing through a SPAC merger at a $350 million valuation, CoinDesk reported. tZERO plans to merge with special purpose acquisition company FG Imperii Acquisition Corp. (FGII) and list on NYSE American under the ticker TZRO. The deal could raise as much as $231 million, although the actual amount will depend on factors including the scale of redemptions by SPAC shareholders. The merger is expected to be completed in early 2027, subject to shareholder and regulatory approval.

North Korean hacking group Lazarus has stolen about $11.87 billion worth of cryptocurrency in total, according to an analysis by on-chain analyst Darkfost. Including the recent $6.3 billion Binance hack, that figure amounts to roughly 45% of North Korea's gross domestic product, Darkfost said.

Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has temporarily suspended deposits and withdrawals after confirming a security incident, Solid Intel reported. The exchange said the incident did not result in any customer fund losses or data leaks. Earlier, blockchain security firm Hypernative was said to have detected more than $40 million in suspicious fund movements across multiple blockchain networks. It has not yet been confirmed whether those transactions involved stolen funds or were directly linked to the security incident.

Glassnode said selling to lock in losses has continued since Bitcoin fell below $80,000. In a post on X, Glassnode said BTC posted its longest streak of daily net realized losses since mid-August last week. It added that concentrated realized-loss periods in August and September also coincided with short-term bottoms, and said BTC holding above $75,000 could fit a similar bottoming pattern. Glassnode added, however, that the pattern does not necessarily imply a price rebound.

Blockchain oracle project Chainlink (LINK) announced the official launch of Chainlink 24/7.

Privacy-focused blockchain Horizen (ZEN) said it plans to migrate to Base. Asset transfers must be completed by 1:00 p.m. UTC on Nov. 4. The proposed roadmap includes privacy pools, private DeFi within Vela, and the reintroduction of ZEN nodes, with further details to be disclosed soon.

North Korean hackers made a string of mistakes while handling funds stolen in the Binance hack, according to ai_9684xtpa. The hackers transferred multiple tokens worth $3.5 million to a NEWT contract address and sold $5 million worth of PROM without checking the liquidity pool size, recovering just $71. ai_9684xtpa also raised the possibility that the use of MetaMask to pay gas fees left records of off-chain activity, including IP addresses. Separately, $250,000 was transferred to Gate, which is said to have frozen two related accounts and plans to cooperate with follow-up investigations. The analysis said the involvement of multiple personnel in handling various types of tokens could make it easier to leave tracking clues, potentially aiding Binance’s fund-tracing efforts.

Iran’s state-run IRNA news agency reported Iran’s supreme leader granted the government authority to negotiate.

Bitmine (BMNR) announced the purchase of 8,573 ETH last week. The company now holds 6,060,506 ETH, equal to 4.9% of Ethereum’s total supply, including 5,227,037 ETH that is staked. Bitmine said it holds about $14.5 billion in assets across cryptocurrencies, cash and stocks. Chairman Tom Lee said $6.3 billion was stolen in the Binance hack, but ETH fell only 4%, showing the crypto market’s resilience.

Morgan Stanley downgraded Coinbase (COIN) to underweight from equal weight and cut its price target to $120 from $258, a roughly 53% reduction, CNBC reported. Morgan Stanley analyst Michael Cyprys cited slower cryptocurrency trading, weak revenue prospects and market uncertainty following the Binance hack as the main reasons. Cyprys expects Coinbase’s October trading activity weakened, with fourth-quarter transaction revenue likely to come in about 11% below market expectations. Coinbase shares have fallen about 22% over the past month and closed at $143.54 on Nov. 1, according to the report.

The Financial Action Task Force has agreed to closely review the implementation of anti-money laundering rules in major countries and jurisdictions accounting for about 97% of the global virtual asset market, Crypto Briefing reported. The decision was reached at a plenary meeting held in Paris on Oct. 28-30. The review will focus on countries with active virtual asset service providers, or VASPs, including crypto exchanges and custodians, with the aim of promoting implementation of FATF Recommendation 15 on crypto-related oversight. The specific jurisdictions were not disclosed. Initial findings are due in June 2027, followed by additional results in October 2027. FATF also plans to provide technical support to help strengthen regulatory frameworks and anti-money laundering response capacity in the targeted jurisdictions.

Strategy announced the purchase of an additional 810 BTC for $65.5 million at an average price of $80,846 per Bitcoin. The company now holds 849,327 BTC. Strategy also said it sold 1.18 million common shares last week to raise $164 million, of which it plans to retain $98.5 million in cash. During the same period, it repurchased $208.2 million of its preferred stock, STRC.

Strive said it bought an additional 124 BTC for $10 million and now holds a total of 43,124 BTC.

XRP Ledger is expected to fix a flaw on Nov. 4 that allowed accounts with only token-burning authority to mint new tokens, CoinDesk reported. Under the previous structure, when a stablecoin issuer granted a payment service the authority to burn tokens, that service could also create tokens without separate minting authority, but the update would separate those permissions. The change would not affect XRP supply. Governance backing for the fix currently stands at 33 of 35 validators, and activation requires at least 29 validators to maintain support for two weeks. If that backing holds, the earliest activation time is 2:46 p.m. UTC on Nov. 4.

Stablecoin payments platform KAST does not plan to issue a native platform token, founder Raagulan Pathy said. Instead, user points will be converted into "KAST Pioneer Units" issued by a KAST-affiliated special purpose vehicle, or SPV. KAST said it plans to offer periodic redemption opportunities, but added there is no guarantee on redemption size, timing, or returns. The move is intended to prevent conflicts of interest tied to a token issuance while allowing users to share in KAST’s growth.

Concerns are rising in Israel’s crypto industry after Prime Minister Benjamin Netanyahu proposed using cryptocurrencies as a workaround in case of international financial sanctions, Bitcoin News reported. Addressable CEO Tomer Sharoni and ORBS CEO Ran Hammer said Netanyahu’s remarks could prompt offshore exchanges and banks to tighten scrutiny of Israeli crypto companies, hurting the credibility of the local Web3 industry. Sharoni urged the Bank of Israel, securities regulators and capital market authorities to jointly introduce a regulatory sandbox and establish a licensing framework for virtual asset service providers, or VASPs, in line with the EU’s Markets in Crypto-Assets regulation, or MiCA, and the Financial Action Task Force’s travel rule. Netanyahu had earlier said an alternative economy was needed in case Israel faced banking sanctions, while citing blockchain technology and cryptocurrencies as viable alternatives.

A cryptocurrency company based in the European Union appears to have suffered a theft of about $106 million, according to ZachXBT. The hacker is believed to have withdrawn the stolen funds in USDC and USDT. Over the past 24 hours, the attacker swapped USDC for ETH, moved the funds to exchanges including WellWallet and Kyrrex, then swapped them again into Monero (XMR) and dispersed the assets across multiple addresses. The name of the affected company and whether authorities have intervened have not yet been confirmed.

American Bitcoin, a Bitcoin mining company linked to U.S. President Donald Trump’s family, is seeking a stock market listing through a $2 billion deal, Walter Bloomberg reported.

Crypto.com announced it will gradually discontinue services in Hong Kong. A detailed timetable will be provided later, and its app service is scheduled to end in February next year. Crypto.com’s Hong Kong entity had applied for a license with local authorities in February 2024, but approval has yet to be granted.

Spot Bitcoin ETFs emerged as the main source of Bitcoin buying in the third quarter, overtaking major accumulation companies, 21Shares said. 21Shares said spot BTC ETFs posted around $6.2 billion in net inflows in the third quarter, absorbing twice the amount of newly mined Bitcoin after reversing from $4.8 billion in net outflows in the second quarter. But long-term holders sold 248,000 BTC, worth $17.4 billion, or about three times the amount bought by spot ETFs. Major Bitcoin accumulation companies bought $7.1 billion in the second quarter but only $1 billion in the third quarter, according to the analysis.