A crypto whale loaded nearly $30 million into semiconductor long positions this afternoon, covering SNDK, MRVL and others.

On-chain detective ZachXBT disclosed today that the EU entity hacked and suffered $130 million in losses is France’s Credit Mutuel Arkea, which has $235 billion in assets under management. Earlier on November 1, an EU entity was suspected of losing over $100 million from multiple centralized exchange accounts, with the stolen funds withdrawn by malicious actors in the form of USDC and USDT.

Binance CEO He Yi has again responded to discussions over security incidents and internal device management, noting: "The rule prohibiting personal use of work computers in the employee code is designed to prevent hackers, and there is strict monitoring of downloads. This year, we have intercepted more than 50 attacks. Offensive and defensive operations are a process of continuous iteration for both sides; this time the monitoring failed because hackers are also evolving."

Today, the U.S. midterm elections resulted in the Democratic Party regaining control of the House of Representatives. California Democratic Representative Robert Garcia will serve as Chair of the House Oversight Committee, responding to the election outcome with "Lawyer up" and stating the committee will focus on issues including the "Trump crime family" and corporate corruption. Garcia told media the committee will review the Trump family’s cryptocurrency transactions, Donald Trump Jr.’s business dealings, and cases where relatives like Jared Kushner have served on corporate boards or secured contracts. He also claimed Trump’s crypto-related businesses have generated over $1 billion in revenue for the Trump family. The Trump family’s crypto firm, World Liberty Financial, is likely to be a primary target of scrutiny. Democrats previously noted a UAE royal invested approximately $500 million in the company last year. The firm is seeking a national banking license that requires approval from relevant U.S. Treasury Department authorities. The Democrats also plan to launch inquiries and issue subpoenas to relevant companies and donors starting in February next year.

Beating AI News Flash: Anthropic has just adjusted game development restrictions for Claude Code. Last week, the company added two prompts to Opus 5.5, banning the replication of existing games, but even projects that normally borrow gameplay were blocked, sparking developer complaints. Anthropic engineer Addy Osmani acknowledged the new rules were overly broad. The issue has now been fixed in Claude Code 2.1.317: developers can directly reference existing games, specify the gameplay they want Claude to implement, and the model will develop an original game of the same type. If a request to copy the original work directly is made, Claude will suggest creating a similar work.

According to data from the BIT Stock Platform, pre-market trading in US stocks showed divergent trends across the semiconductor and optical communication sectors: AMD led gains, surging over 7%, while storage leaders Seagate and Western Digital weakened. Crypto-related stocks opened flat overall. Tesla (TSLA) fell 5.4%, SpaceX (SPCX) dropped 6.9%, and Trump Media & Technology Group (DJT) declined over 6%. Semiconductor & storage: Seagate Technology (STX) down 1.38%; Western Digital (WDC) down 0.86%; SanDisk (SNDK) up 0.80%; Micron (MU) up 0.14%; NVIDIA (NVDA) up 0.37%; Intel (INTC) down 1.09%; Advanced Micro Devices (AMD) up 5.81%. Crypto-related stocks: MicroStrategy (MSTR) up 0.90%; Coinbase (COIN) opened flat; Circle (CRCL) down 0.07%; BitMine (BMNR) up 0.90%; SharpLink (SBET) up 1.06%. Optical communication: FOTO (FOTO) up 0.21%; Marvell Technology (MRVL) up 0.64%; Applied Optoelectronics (AAOI) up 2.86%; Lumentum (LITE) up 2.18%; Coherent (COHR) up 2.36%; Ciena (CIEN) down 2.11%; Fabrinet (FN) down 2.30%; AXT (AXTI) up 2.57%.

He Yi commented on "Binance facing a second public opinion battlefield after its security incident", stating: "When storms hit, they think cutting down the biggest tree will make them winners. Fanning the flames will only alienate everyone and erode confidence in the industry—not just in Binance." Earlier, Binance founder CZ reposted a long article, labeling it "another attack targeting Binance". The article’s data shows that between 05:00 on October 30 and 20:00 on November 2, over roughly 78 hours, 1,083 accounts posted 11,700 hostile posts about Binance’s hot wallet hack, amassing around 20.93 million exposures. Of these posts, 79.6% were replies, and 3,354 were deemed false information, falling into 15 categories of rumors. The article points out that alongside the real security incident, coordinated, structured narrative operations emerged on X, with themes shifting as Binance’s response progressed—including claims of insiders, insolvency, being "the next FTX", reluctance to enable withdrawals, bank runs triggered immediately after withdrawals opened, and exaggerated net outflows.