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Evening wrap · November 3, 2026

Binance Audits Reserves After $6.3B Hack

Binance proved full backing for core assets after a severe exploit, while First Digital plans a public listing that deepens its ties to the exchange.

  1. 1

    Binance Audits Reserves After $6.3B Exploit

    Binance issued zero-knowledge reserve proofs confirming full backing for 10 assets, committing over $6.34 billion from corporate funds to cover shortfalls after an Oct. 29 exploit.

  2. 2

    First Digital Prepares $250M Listing

    First Digital Trust signed a merger agreement to go public at a $250 million valuation. Binance affiliate Alphanest Holdings holds warrants convertible to about 25% equity in the firm, whose revenue dropped sharply this year.

  3. 3

    Crypto PACs Deploy $176M for Midterms

    Crypto political groups spent roughly $176 million across over 100 congressional races as voters decide control of Congress and potential momentum for the stalled CLARITY Act.

  4. 4

    NEAR Protocol Cuts Token Issuance

    The Near Protocol community overwhelmingly passed proposal HSP-029 to lower annual token emissions from 2.5% to 1.6% over two years, reducing projected gross staking yields.

  5. 5

    Evernorth Files for 73.7M Share Resale

    Evernorth filed an SEC shelf registration permitting early equity and warrant holders to offload up to 73.7 million Class A shares after its SPAC merger with Armada Acquisition Corp. II.

Numbers

Bitcoin traded at $77,772, with Ethereum at $2,288 and global market capitalization near $2.61 trillion.

Watch

Nov. 4 snapshot for Binance's multi-token reserves · Post-election scheduling for the CLARITY Act · Nov. 17 deadline for French deputies to finish the budget reading

Full text

Binance proved full backing for core assets after a severe exploit, while First Digital plans a public listing that deepens its ties to the exchange.

  1. Binance Audits Reserves After $6.3B Exploit Binance issued zero-knowledge reserve proofs confirming full backing for 10 assets, committing over $6.34 billion from corporate funds to cover shortfalls after an Oct. 29 exploit.

  2. First Digital Prepares $250M Listing First Digital Trust signed a merger agreement to go public at a $250 million valuation. Binance affiliate Alphanest Holdings holds warrants convertible to about 25% equity in the firm, whose revenue dropped sharply this year.

  3. Crypto PACs Deploy $176M for Midterms Crypto political groups spent roughly $176 million across over 100 congressional races as voters decide control of Congress and potential momentum for the stalled CLARITY Act.

  4. NEAR Protocol Cuts Token Issuance The Near Protocol community overwhelmingly passed proposal HSP-029 to lower annual token emissions from 2.5% to 1.6% over two years, reducing projected gross staking yields.

  5. Evernorth Files for 73.7M Share Resale Evernorth filed an SEC shelf registration permitting early equity and warrant holders to offload up to 73.7 million Class A shares after its SPAC merger with Armada Acquisition Corp. II.

Numbers Bitcoin traded at $77,772, with Ethereum at $2,288 and global market capitalization near $2.61 trillion.

Watch

  • Nov. 4 snapshot for Binance's multi-token reserves
  • Post-election scheduling for the CLARITY Act
  • Nov. 17 deadline for French deputies to finish the budget reading

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.