Binance

5 hours agoNews Editor

Binance community rewards campaign awaits regulatory approval, He Yi says

He Yi said in a post on X that Binance’s community rewards campaign still needs regulatory approval and is expected to go live tomorrow after it passes review by regulators. She also warned users that there is currently no voucher campaign in place. The notice included a reminder to stay alert to phishing attempts and scam links circulating under the name of promotional activity. The update was reported by ChainCatcher and framed as a compliance-related delay before the campaign can officially launch.

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Binance

5 hours agoNews Editor

Binance says $150 compensation claim over withdrawal suspension is false

Binance said on X that a community user’s claim about a $150 compensation payment tied to a withdrawal suspension was false. The exchange also said the screenshot circulated alongside the claim had been digitally altered. Earlier, the user had posted that Binance was offering $150 in compensation because of a withdrawal suspension and attached an image that appeared to show the alleged compensation details. Binance’s response directly disputed that account and described the screenshot as manipulated.

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U.S. midterms

6 hours agoNews Editor

Crypto Week Ahead: U.S. Midterms, Payrolls, Apple Earnings and Major Token Unlocks

The week of Nov. 2-8 brings a packed calendar for crypto traders and macro watchers. On the token side, Bitway (BTW), Kite (KITE), Ethena (ENA), Momentum (MMT), and Avalanche (AVAX) are all scheduled to unlock tokens, with BTW alone set to release about 101 million tokens worth roughly $114 million. Zcash is also preparing to activate its NU7 network upgrade around Nov. 5. Macro events are just as prominent. The U.S. midterm elections are set for Nov. 3, with all 435 House seats and 35 Senate seats up for election. Apple is due to report earnings after the U.S. market close on Nov. 2, and options markets are implying a 4.3% move in the stock. The U.S. October nonfarm payrolls report will follow on Nov. 6 at 21:30 Beijing time. The week also includes governance votes and protocol changes across the industry. NEAR holders are voting on a proposal to lower the token’s maximum annual issuance rate, Akash is voting on a proposed migration from Cosmos to Solana, Binance expects to complete a full zero-knowledge proof of reserves, and Polymarket has delayed the launch of Protocol V2 to Nov. 9.

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Tech Stocks

5 hours agoNews Editor

Late-October tech selloff puts focus on cash returns as AI growth fails to support Alphabet and Intel shares

U.S. tech stocks sold off sharply in the final two trading days of October, with Alphabet falling 12.6%, Intel dropping 28.6% the next day, and the Philadelphia Semiconductor Index losing about 7.2%. The move came even as AI-linked businesses at both companies continued to post strong growth. Google Cloud revenue rose 103% year over year, while Intel’s data center and AI segment grew 78%. The market reaction centered less on whether AI demand is weakening and more on the quality of that growth. Alphabet reported third-quarter revenue of $127.577 billion, but search advertising missed expectations and capital expenditures of $51.355 billion exceeded operating cash flow of $42.290 billion, pushing free cash flow to negative $9.065 billion. Inventory also climbed sharply as TPU systems remained unsold. Intel posted third-quarter revenue of $16.513 billion, yet its fourth-quarter guidance of $15 billion to $16 billion came in below analyst expectations. Server growth was driven largely by a 54% increase in average selling prices, while unit volume rose only about 10%. The company also continued to face weak PC demand, supply constraints in servers, and losses at its foundry unit, where about 94% of revenue still came from internal transactions. Across the sector, investors are reassessing how much capital AI expansion requires and how quickly that spending can turn into profit and cash flow.

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Binance

6 hours agoNews Editor

Users shift funds to OKX after Binance hack, Star Xu says OKX faces APT attacks every month

After Binance was hit by a hack involving about $6.3 billion, some users began spreading funds across other exchanges. On Nov. 1, OKX founder Star Xu responded on X to a user who said they had moved part of their holdings to OKX, saying the exchange detects and responds to a range of cyber threats every month, including advanced persistent threat, or APT, attacks targeting the crypto sector. Xu said OKX would also "seriously learn lessons" from recent security incidents affecting industry peers. The user said they entered the crypto market in 2023 and 2024 and had seen Bybit, Gate, Bitget and Binance all suffer hacks over the past three years. They said Binance’s latest incident hit hardest because about 80% of their assets were held there, and they had even consolidated funds from other exchanges into Binance eight hours before the theft. Xu added that OKX launched automated penetration testing based on large language models more than a year ago. Binance said later on Nov. 1 that it had resumed withdrawals for assets including BTC, USDT and USDC and had replenished about 95% of the affected amount.

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token unlocks

5 hours agoNews Editor

Token unlocks next week to feature BTW, KITE, ENA, MMT and AVAX, with BTW leading at about $114 million

Token Unlocks data shows that several tokens are set for sizable unlocks next week, led by Bitway (BTW), Kite (KITE), Ethena (ENA), Momentum (MMT), and Avalanche (AVAX). Among them, BTW is scheduled to unlock about 101 million tokens at 4:00 p.m. Beijing time on Nov. 2, equal to roughly 3.37% of its circulating supply and valued at about $114 million. KITE is set to unlock about 640 million tokens at 9:00 p.m. Beijing time on Nov. 3, worth about $75.6 million and equivalent to 17.42% of circulating supply. MMT will unlock about 252 million tokens at 8:00 a.m. Beijing time on Nov. 4, valued at about $32.3 million, with the unlock amount equal to about 294.38% of circulating supply. ENA is scheduled for two unlocks next week totaling about 134 million tokens worth around $25.4 million, while AVAX will unlock about 1.67 million tokens at 8:00 a.m. Beijing time on Nov. 8, valued at about $14.7 million.

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Binance

6 hours agoNews Editor

Binance resumes withdrawals for select assets on Polygon and Avalanche C-Chain

Binance has resumed withdrawals for a group of assets on Polygon and Avalanche C-Chain, according to an official platform announcement cited by Odaily. The restored withdrawals cover POL, USDT, and USDC on the Polygon network, along with AVAX, USDT, and USDC on Avalanche C-Chain. Binance said additional assets and networks will have withdrawals restored in phases after security checks are completed. The exchange had already resumed withdrawals for SOL, USDT, and USDC on the Solana network earlier. The update points to a staged recovery process rather than a full restoration across all supported networks at once.

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CPC Central Committee

5 hours agoNews Editor

CPC decision calls for crackdown on corruption involving virtual currencies and blockchain

According to Xinhua News Agency, a decision issued by the Communist Party of China Central Committee on major issues related to advancing full and rigorous Party self-governance on a sustained basis said authorities should unswervingly push forward the integrated effort to ensure officials do not dare to be corrupt, are unable to be corrupt, and have no desire to be corrupt. The document also said there should be a firm crackdown on corrupt activities carried out through the internet, virtual currencies, cross-border funds, and blockchain. The statement was cited in a ChainCatcher newsflash.

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