Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Per EmberCN monitoring, an entity address transferred 912,383 HYPE tokens (valued at around $82.09 million) to institutional trading platform FalconX roughly two hours ago. The tokens were accumulated over the past 1 to 2 months via Coinbase Prime and FalconX, with an average cost of approximately $81 each. The transfer was executed at a current price of around $90 per token, generating an estimated profit of roughly $8.03 million.

Beating AI News Flash: According to a Financial Times report, OpenAI has cut its target size for the latest funding round by $10 billion and is now rushing to finalize the deal. Earlier sell-offs in public-market AI stocks, combined with the upcoming IPO of its top rival Anthropic, have cast a shadow over the round. ChatGPT developer OpenAI originally planned to raise $30 billion at a $1.4 trillion valuation last month, marketing the deal as the final chance for investors to take a stake in OpenAI ahead of its planned IPO next year. At the time, OpenAI cited rapid revenue growth since July to justify the valuation, which nearly doubled from the previous $852 billion. However, as tech stocks faced heavy sell-offs and market concerns over the scale and growth rate of AI spending intensified, OpenAI began lowering its funding expectations. Multiple sources familiar with the matter disclosed that OpenAI is now seeking to raise around $20 billion at a $1.25 trillion valuation. OpenAI set the investor subscription deadline for last Friday. Sources added that the first close of the funding round is expected to be less than $20 billion, as some investors have reduced their subscription commitments.

According to EmberCN's monitoring, over the past two hours, Ethena has transferred 128.6 million ENA tokens to Binance, valued at approximately $24.33 million. EmberCN speculates that Binance is currently repurchasing the stolen assets via both on-exchange and over-the-counter (OTC) trades to fill the asset gap in its Proof of Reserves (PoR). This transfer may be linked to Binance's OTC purchase of ENA from Ethena. Earlier, 217.5 million ENA tokens were stolen in the Binance hack, and the exact nature of the transactions remains unconfirmed.

According to Bloomberg Terminal reports, US President Donald Trump said he is monitoring the Binance hacking incident and investigating whether North Korea is behind the attack. No further details of the investigation have been disclosed.

US President Donald Trump said the U.S. and Iran are currently in negotiations over the Iran issue, with no specific details or progress of the talks made public yet. A diplomatic source disclosed that Qatari negotiators have held 12 straight hours of talks with Iranian counterparts in Tehran, and the negotiations remain ongoing. The source added that Qatari mediators have also maintained regular contact with the White House throughout the day, noting: "All parties are continuing negotiations, working to advance a deal between the U.S. and Iran."

Binance released Security Incident Update Announcement #2 at 3:33 AM today, disclosing its 24-hour investigation and asset compensation progress. The announcement noted that at 04:05 UTC+8 on October 30, 2026, Binance’s hot wallet was hacked, resulting in losses of approximately $6.3 billion in token assets. Binance emphasized that it will fully cover all losses via its SAFU Fund and corporate capital, with no losses passed on to users. To date, Binance has secured over $6.34 billion in corporate funds: more than $5 billion equivalent in assets including USDC, USDT, BTC, ETH and BNB are already in place, around 80% of the stolen funds have been replenished, while the remaining portion is being acquired via market and over-the-counter (OTC) channels. Earlier, Binance froze roughly $3 billion in assets on-chain. Regarding the attack’s cause, Binance said initial probes pointed to a compromised laptop as a possible factor, but subsequent investigations uncovered additional intrusion vectors. No evidence of wallet private key leakage has been found so far, with further technical investigation results expected in approximately 48 hours. For next steps, Binance is targeting to restore withdrawal services in phases within around 34 hours, subject to security check progress; it plans to conduct its first Proof of Reserves snapshot within 12 hours, with results to be published by November 2. Additionally, Binance will continue collaborating with law enforcement agencies, blockchain intelligence firms and asset issuers to track and recover stolen funds, and will release a full technical review report.