Evening Wrap · November 3, 2026
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.
Story 1 of 5
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.
Story 2 of 5
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…
Story 3 of 5
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.
Story 4 of 5
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.
Story 5 of 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.
The numbers
Bitcoin traded at $77,772, with Ethereum at $2,288 and global market capitalization near $2.61 trillion.
What to watch
Keep reading
Read the full brief
Every item links to a source-verified story. Free, no sign-up.