24H Flash Updates

ChainThink report, November 4: According to internal documents, the governance organization behind OpenUSD (OUSD), Open Standard, has established a management fee structure and equity incentive mechanism.

OUSD will charge a management fee of 0.1 basis point (0.001%) based on transaction volume, with a maximum fee of $0.01 per transaction; transactions below $1,000 will be charged proportionally, while those at or above $1,000 will be subject to the cap.

The applicable management fees will be paid to Open Standard. OUSD plans to distribute reserve earnings to partners after deducting the management fees.

Partners may also receive annual equity incentive pool allocations based on their holdings and circulation volume of OUSD, with a minimum threshold of $50 million in holdings or activity, and a maximum individual partner stake capped at 5%.

OUSD was launched by enterprises including Stripe, Visa, Mastercard, Coinbase, and Shopify, aiming to reduce cross-border settlement costs.

Visa has released a technical implementation and user guide exceeding 100 pages to assist partners in integrating OUSD via the Visa Stablecoin Platform.

ChainThink report, Binance co-founder He Yi stated that since 2026, Binance's security team has identified and blocked 57 suspected cyberattacks linked to North Korea.

Attack vectors include fake job interview scams, malicious software disguised as popular development tools, compromised software packages and browser extensions, fraudulent video conferencing applications, and social engineering attacks aimed at stealing account credentials or deploying remote access malware.

He Yi noted that although Binance has successfully intercepted multiple such attacks, failure in any single instance could lead to severe consequences.

ChainThink report, on November 3, Binance Co-CEO Richard Teng stated at the Hong Kong FinTech Week that Binance's current financial condition is "very robust," with the platform's hourly inflows and outflows of funds having largely returned to normal.

95% of the affected tokens have been fully replenished; the remaining 5% primarily consist of low-liquidity tokens, for which Binance is collaborating with over-the-counter (OTC) trading service providers to restore associated assets.

Teng stated that the losses incurred were covered by the User Security Asset Fund (SAFU) and the company's reserved capital, ensuring user fund security.

As of Monday, cumulative net outflows from Binance customers amounted to approximately $4.72 billion, representing about 3% of the platform's total assets, with the majority being USDT. The U.S. Federal Bureau of Investigation previously attributed responsibility for this incident to North Korea, which has denied the allegations.

ChainThink News, November 3: According to data from MSX.COM, at the opening of the U.S. stock market, NVIDIA's market capitalization has reclaimed the top spot among U.S. stocks, reaching $5.02 trillion; its share price rose 3.11% to $208.340 per share.

Apple's share price declined 3.64% to $326.000 per share, with a total market capitalization of $4.74 trillion.

ChainThink News, November 3: Binance released a preliminary report on the security incident, stating that the attack involved approximately $6.34 billion in digital assets. As of this date, Binance has prepared over 100% of the compensation funds and replenished 98% of the affected tokens;

The remaining low-liquidity assets are still under procurement. Approximately $2.85 billion in assets have been frozen or intercepted, though the exact figures require further verification and remain subject to market price fluctuations.

The report states that the attacker gained unauthorized access to internal wallet signing services, initiated transactions outside the normal withdrawal process, and leveraged Ethereum’s EIP-7702 authorization mechanism to obtain partial execution rights over hot wallets.

The attack impacted multiple asset types, with the final unauthorized ETH transfer of 2,961.9 ETH completing on-chain confirmation at 23:56 UTC on October 29. Binance indicated that the incident involved supply chain compromise, social engineering, malware deployment, and abuse of transaction authorization mechanisms.

The company has rebuilt the affected wallet systems and internal AI tools, replaced relevant hardware, revoked compromised employee credentials and access tokens, and enhanced risk controls and anomaly detection capabilities; an independent cybersecurity firm will be engaged for a post-incident audit. The investigation is ongoing, and certain technical details remain undisclosed.

ChainThink report, November 3: According to informed sources, Meta Platforms plans to issue at least $20 billion in bonds across the U.S. and European markets to fund its related financing initiatives.

The issuance is structured into five tranches with maturities ranging from 5 to 30 years; the initial pricing guidance for the longest-dated notes is approximately 250 basis points above U.S. Treasury yields.

Meta last accessed the high-grade bond market in April this year, when it issued bonds raising $25 billion, with investor demand peaking at $96 billion.

Since then, market appetite for AI-related bonds has cooled, prompting investors to demand higher yield premiums. The current offering is underwritten by Citigroup and Morgan Stanley.

ChainThink report, November 3, major stock index futures traded mixed pre-market: Dow futures down 0.70%, S&P 500 futures down 0.15%, Nasdaq 100 futures up 0.35%.

WTI crude oil futures rose 1.18%, closing at $97.596 per barrel; Brent crude oil futures gained 0.41%, settling at $105.196 per barrel. Spot gold fell 0.29%, trading at $3,935.21 per troy ounce;

Spot silver declined 2.00%, priced at $49.61 per troy ounce. European major indices all closed lower, with the UK FTSE 100 dropping 0.68%, France's CAC 40 down 0.07%, and Germany's DAX 30 falling 0.52%.

Apple CEO Tim Cook stated in the earnings call that rising memory prices are weighing on the company’s gross margin for the upcoming quarter, with further increases in memory costs expected ahead.

Samsung Electronics will leverage its second semiconductor fabrication plant in Texas, USA, to produce base die for high-bandwidth memory chips for AMD and NVIDIA. The facility is scheduled to break ground this month.

Musk and TSMC are preparing to renegotiate their collaboration on the Terafab chip fab project, with TSMC likely to take primary responsibility for wafer fab construction and operations.

Qualcomm announced that the first-generation High-Bandwidth Computing (HBC) technology has completed hardware validation, and the AI250 accelerator built on this architecture is slated for sample release in the first half of 2027.

Anthropic stated its goal is to scale compute capacity to over 3.5 gigawatts by end-2026, with plans to double that capacity next year.

CEO of Morgan Stanley projected that AI capital expenditure could reach between $10 trillion and $15 trillion over the next decade, with $2 trillion to $3 trillion already committed or deployed.

The U.S. midterm elections began voting locally on November 3, with results set to determine the power structure of Congress for the next two years and influence the policy space available to the Trump administration.

ChainThink report, November 3: According to Cryptoinamerica, Aave Labs, Veda Tech Labs, and Kamino Foundation submitted a legal analysis opposing the use of human management and decision-making authority as the primary criterion for determining whether a DeFi protocol falls under securities regulation.

Previously, the Crypto Council for Innovation (CCI), in collaboration with Bitwise, Galaxy Digital, and Morpho, submitted a 238-page report to the U.S. Securities and Exchange Commission (SEC), outlining a framework for assessing whether crypto vaults constitute securities.

CCI argues that the degree of human control and discretion over investment strategies is a critical factor; in contrast, Aave and the other two entities emphasize that human management should not automatically trigger securities regulation, provided users retain full asset rights and no legally recognized joint venture or issuing entity exists.

Both parties acknowledge that providing compensated investment advice involving securities may still fall under regulation by the Investment Advisers Act.

ChainThink report: CME data shows that daily trading volume for 2026 October reached a record high of 30 million contracts, a 15% increase compared to the same period in 2025, surpassing the previous record of 26.3 million contracts.

Among them, daily trading volume for cryptocurrency derivatives reached 145,000 contracts, with notional value totaling approximately $7.85 billion.

During the same period, daily trading volumes for interest rate, equity index, energy, and agricultural futures contracts were 14.8 million, 8.8 million, 2.7 million, and 2.1 million contracts, respectively.

ChainThink news, November 3, according to Reuters, the Qatari mediator expects to receive feedback from the United States and Iran on a new proposal within the next 36 hours. The proposal aims to advance the US-Iran negotiation process.

ChainThink news, November 3, according to Sina Finance, the President of Iran stated that the Supreme Leader has authorized negotiations on issues deemed "non-negotiable."

ChainThink report, on November 3, CZ, founder of Binance, stated in an interview that he has not yet communicated with President Trump or Washington officials regarding Binance's approximately $6.3 billion hack incident, but expressed hope for assistance from the U.S. government.

CZ noted that the crypto industry has begun discussing the formation of a security alliance to share security best practices, conduct cross-audits, and coordinate rapid freezing of stolen funds. He also emphasized that North Korean hackers pose risks to both crypto platforms and traditional financial systems.

As tokenized stocks, RWA (Real World Assets), and stablecoins continue to evolve, the integration between the crypto market and the global financial system is increasingly deepening, making large-scale cyberattacks a matter of national security concern.

ChainThink report, November 3: According to a Goldman Sachs research note, global data center capacity additions are expected to reach approximately 170GW over the next five years.

Assuming an empirical investment of USD 50 billion per GW, this corresponds to potential capital expenditures of around USD 8.5 trillion.

Goldman Sachs has upgraded its 2030 global data center capacity forecast from 217GW to 273GW, representing a growth of about 103GW from the 2025 level of approximately 103GW, with a compound annual growth rate (CAGR) of roughly 21%.

The U.S. 2030 capacity forecast has been revised upward from 125GW to 152GW; it is projected that cumulative additions after 2025 will reach 103GW, accounting for approximately 60% of global new capacity during the same period.

ChainThink report, November 3, according to CoinDesk, Bitcoin saw a slight rebound, but market sentiment remains under pressure due to continued net outflows from U.S. spot Bitcoin ETFs for the second consecutive day and uncertainty surrounding the U.S. midterm elections.

On Monday, U.S. spot Bitcoin ETFs experienced net outflows of $399 million, with BlackRock's IBIT recording a single-day net outflow of $405 million—the largest since June.

Since Binance resumed withdrawals on Sunday, cumulative net withdrawal amounts have risen to $4.72 billion, surpassing the previous figure of $3.64 billion.

In the derivatives market, cryptocurrency futures 24-hour trading volume surged 51% to $168.1 billion, while open interest declined 1.63% to $134.9 billion;

Meanwhile, total liquidation value across the entire market increased by 171% to $382.6 million. Near-term Bitcoin options implied volatility rose to approximately 51%, while Ethereum options implied volatility climbed to around 59%.

ChainThink report, November 3, according to CoinDesk, Tether CEO Paolo Ardoino stated at the Plan ₿ Forum in Lugano, Switzerland, that the company currently holds approximately 150,000 BTC, with a market value of around $11.5 billion based on current pricing.

This position exceeds the previously disclosed range of about 96,000 to 100,000 BTC from early to mid-2026. Tether has implemented a policy since May 2023 to allocate up to 15% of its quarterly net profits toward Bitcoin acquisition.

Its Q3 reserve proof shows that as of September 30, the Bitcoin reserves were valued at approximately $8.37 billion.

The total market capitalization of the stablecoin market has dropped to its lowest level in over a year, with a decline of approximately $17 billion over the past six months. According to ChainThink, on November 3, CryptoQuant analyst Darkfost posted that the stablecoin market's total market cap has fallen from around $280 billion in April to $263 billion, representing a decrease of about $17 billion, or roughly 6%.

Currently, Binance accounts for approximately 70% of centralized exchange stablecoin supply. The 90-day moving average of Binance's stablecoin market cap has declined from $51 billion to $34 billion. Following a recent hack, approximately $3 billion in stablecoins have exited Binance's ecosystem.

Darkfost stated that the downward trend in stablecoin market capitalization is linked to insufficient demand, as well as a lack of new capital inflows and liquidity into the sector.

ChainThink report, November 3: According to on-chain investigator ZachXBT, a European entity has made an anomalous withdrawal exceeding $27 million from a centralized exchange, bringing the total funds involved in this incident to over $133 million, with some withdrawals occurring after the initial public disclosure.

ZachXBT initially suspects the victim may be a major financial institution in Western Europe currently concealing the breach. He notes that the delayed disclosure allowed over $30 million in illicit funds to be laundered—funds that could have otherwise been frozen by EU law enforcement authorities.

Previously, ZachXBT issued a community alert stating that a European entity allegedly suffered a theft exceeding $106 million on November 1, with stolen funds withdrawn in USDC and USDT forms from multiple centralized exchange accounts.

ChainThink message: Binance stated on the X platform that, as of Beijing time 11:00, the hourly deposit volume on the platform has exceeded the withdrawal volume. Binance noted this reflects an improvement in user activity and a stabilization of platform liquidity.

ChainThink report, November 3: According to Bloomberg, executives from institutions including PIMCO, Bain Capital, Blackstone, and Franklin Templeton expressed concerns over the AI investment frenzy at the 2026 Global Financial Leaders' Investment Summit held in Hong Kong.

PIMCO CEO Emmanuel Roman stated that the market will eventually face a downturn cycle, with potential triggers including rising U.S. interest rates, Middle East conflicts, and an Eurozone crisis;

Bain Capital Chairman John Connaughton noted that valuations of certain AI assets have already reached elevated levels, emphasizing that the key lies in whether investors can achieve returns commensurate with those valuations.

Franklin Templeton CEO Jenny Johnson said that hyperscale cloud service providers are transitioning from low-capital-expenditure enterprises into capital-intensive businesses, suggesting that the AI investment cycle may already be overextended.

Meanwhile, Morgan Stanley CEO Ted Pick anticipates that AI capital expenditure could reach between $10 trillion and $15 trillion, though it may also displace funding needs in non-AI sectors.

Goldman Sachs CEO David Solomon stated that although the technological supercycle will not unfold smoothly, capital markets will continue to provide financing to meet the demands for AI and compute power.

ChainThink report, according to SoSoValue data, on November 2, Eastern Time, Ethereum spot ETFs recorded a net outflow of $140 million, marking six consecutive days of net outflows.

Among them, MSSE recorded the highest single-day net inflow at $3.151 million, with a cumulative historical net inflow reaching $48.24 million;

ETHA recorded the largest single-day net outflow at $138 million, with a cumulative historical net inflow amounting to $11.731 billion.

As of press time, the total net asset value of Ethereum spot ETFs stands at $13.183 billion, with an ETF net asset ratio of 4.8%, and a cumulative historical net inflow totaling $12.148 billion.