Daily Brief ยท October 31, 2026
Binance's historic security breach dominates the industry agenda, sparking political blowback, technical scrutiny, and public disputes among tech executives.
Story 1 of 6
CZ and Elon Musk Clash Over SpaceX Equity Following $6.4B Binance Breach
Changpeng Zhao told Elon Musk to stop mocking Binance, noting the exchange holds a $1 billion-plus stake in SpaceX . Co-CEO Yi He stated corporate revenue can cover the $6.4 billion hack without selling equity .
Story 2 of 6
EIP-7702 Under Scrutiny After North Korean Exploiters Drain Binance Wallet
North Korean hackers leveraged an EIP-7702 delegation to execute the $6.4 billion Binance heist . TRM Labs found an attacker wallet used 50 signed authorizations to convert a hot wallet into an automated sweeper .
Story 3 of 6
Rep. Maxine Waters Demands Crypto Accountability After Binance Breach
The top House Financial Services Committee Democrat criticized deregulatory efforts after Binance lost an estimated $6.3 billion . Waters highlighted that millions of depositors cannot currently withdraw funds .
Story 4 of 6
Tether Posts $1.5 Billion Q3 Profit as Excess Reserves Hit $7.95 Billion
Tether generated $1.5 billion in third-quarter operating profit, expanding its surplus reserves to $7.95 billion . The stablecoin issuer holds $132.4 billion in U.S. Treasury bills and $8.37 billion in $BTC .
Story 5 of 6
India's ED Raids Mudrex and Instadapp Over Alleged $600M Forex Violations
The Enforcement Directorate raided premises tied to Mudrex and Instadapp over alleged Rs 5,000 crore in cross-border violations . Mudrex allegedly moved Rs 4,600 crore using $USDT without regulatory authorization .
Story 6 of 6
SEC Sues BG Wealth and DSJ Exchange Over $130 Million Crypto Scheme
The SEC charged two entities for an alleged $130 million fraud scheme targeting retail investors . Regulators claim the defendants fabricated SEC registration filings to market automated trading signals .
The numbers
Bitcoin is trading at $77,268, Ethereum holds at $2,242, and total market capitalization stands at $2.61 trillion amid a Fear & Greed Index reading of 30.
What to watch
Keep reading
Read and listen to the full brief
Every item links to a source-verified story. Free, no sign-up.