Perspective: 'Junk L2s' Are Being Phased Out, Ethereum’s Value Capture Logic Poised to Return

Beating AI Flash News: ByteDance’s TRAE today launched its developer personal assistant "TRAE Bao", which focuses on cross-project long-term memory and multi-task scheduling. Developers no longer need to repeatedly provide context or switch between multiple AI sessions to coordinate different tasks. TRAE Bao is split into two modules: "Global Assistant" and "Project Assistant". The Global Assistant handles cross-project searches of historical conversations, tasks, and deliverables, extracting past technical solutions, constraints, and decisions. For instance, when adding permission management to a new product, it can first locate previously implemented solutions to identify reusable ones, then hand over the work to the Project Assistant for further development. The Project Assistant is responsible for specific execution. When a requirement involves front-end, back-end, testing, and documentation, it can break down tasks, arrange parallel development, and organize joint debugging and verification based on dependencies. Developers can assign other tasks as needed, and the assistant will uniformly report progress, issues, and results. Currently, TRAE Bao mainly runs local tasks on desktop, supporting remote command input via WeChat and Feishu. Cloud tasks and standalone mobile capabilities are still pending future launch.

Per its official announcement, Binance will conduct a system upgrade for its US stock trading service from 4:50 AM to 6:30 AM Beijing time on November 1, with an estimated duration of 100 minutes. The upgrade is executed by its partner brokerage, during which users will be unable to place stock trading orders. Scheduled outside regular US stock trading hours, the service will automatically resume once the upgrade is complete; the actual maintenance window may end early or be extended.

According to Lookonchain’s monitoring, an unidentified crypto whale has sold off 1.02 million SOL tokens over the past five days, valued at approximately $104.3 million.

A mysterious whale has dumped 1.02M $SOL ($104.3M) over the past 5 days!

Indian certificate authority eMudhra’s cryptographic security vulnerability has impacted Ethereum clients Teku and Besu. Researchers discovered that the private keys of 8 intermediate certificate authorities under eMudhra may be derivable due to insufficient randomness, enabling attackers to forge certificates and trick unpatched software into trusting malicious services. Teku has released version 26.10.3, and Besu has released version 26.10.2, both removing trust in the relevant certificates from their Docker images. Attackers could carry out man-in-the-middle attacks to deceive some validators into sending block fee rewards to attacker addresses; the risk is higher in specific configurations using external signers. The Teku team noted that Teku nodes on Ethereum mainnet with default configurations are not affected, requiring no action, and there have been no reports of the vulnerability being exploited. For operators running Teku or Besu directly on hosts without Docker, updating the client alone is insufficient—they must also manually update Java and its trusted certificate list. Operators still using end-of-life Java 26 need to migrate to Java 25.

According to Farside data, U.S. spot Bitcoin ETFs saw a total net inflow of $137.3 million yesterday. Of that, IBIT recorded a net inflow of $136 million, BITB a net inflow of $1.3 million; FBTC, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC, and BTC all had zero net flows. U.S. spot Ethereum ETFs posted a total net outflow of $21.4 million yesterday. Breakdown shows ETHA had a net outflow of $44.8 million, FETH a net inflow of $18.8 million, MSSE a net inflow of $1 million, and ETH a net inflow of $3.6 million; ETHB, ETHW, TETH, ETHV, QETH, EZET, and ETHE all reported zero net flows.