The crypto market has halted its decline and stabilized. Funding rates show that ETH’s bearish sentiment has eased, while BTC remains in a neutral range overall.

According to the New York Post, US President Donald Trump said in an interview with the paper’s podcast Pod Force One that if the Democrats take control of Congress after the midterm elections and launch investigations or prosecutions against people close to him such as Elon Musk, “we will have to protect these people.” When asked about claims from Democrats that Musk and others could be arrested, Trump stated, “That won’t happen, it’s just talk,” but added, “If that does happen, we will protect them.” Trump also said he is willing to follow Biden’s example and issue preemptive pardons to all those who have worked for him if necessary, noting, “I did that for the January 6th incident.” Also per related reports, Trump said he does not believe Musk’s warning about a Democratic “sweep” is wrong. Musk posted on X on October 30 that if the Democrats win control of the House, Senate, and presidency in 2028, they could push for statehood for Washington, D.C. and Puerto Rico to expand their Senate majority. Earlier, former Labor Secretary Robert Reich called on Democrats to “lay the groundwork” for the nationalization of SpaceX. Trump also publicly defended Musk on October 23, saying Musk “never does anything wrong.”

Following Strategy’s Q3 2026 earnings call, Mizuho reaffirmed its "Outperform" rating and $165 price target for the firm, which implies nearly 27% upside from the current $130 level. Analyst Dan Dolev highlighted the company’s stronger balance sheet: it holds 848,517 BTC, with net leverage falling from 8.4% to 2.4%, and its $5.1 billion in USD assets are sufficient to cover 3.4 years of dividend and interest payments. However, the company’s per-share Bitcoin holdings have dropped 3.7% year-to-date (YTD), sparking market concerns over equity dilution.

According to official data, Trade.xyz acquired the MELI stock ticker for 586.42 HYPE tokens, valued at approximately $50,365. MELI is the US stock symbol for MercadoLibre, Latin America’s leading e-commerce and fintech giant, a move that may signal Trade.xyz is set to launch stock perpetual contracts on Hyperliquid.

According to an official announcement, Binance has launched a user rewards campaign. Eligible users do not need to register—they automatically participate by completing trades to split the reward pool, and can earn up to 10% annualized wealth management returns. The campaign runs from 19:30 on November 2, 2026 to 07:59 on November 22, 2026 (GMT+8). Activity 1: All users who complete KYC and meet compliance requirements will receive a 100 USDC spot trading fee rebate coupon. After claiming, 30% of daily spot trading fees (after deducting referral commissions) will be rebated. Additionally, during the campaign period, users who trade spot, margin, flash swaps, U-based or coin-margined futures, bStocks, and stock trading pairs, with a cumulative valid trading volume of no less than $10,000, will split a total prize pool of 20 million USDC based on their volume proportion, with a maximum individual reward of 4,000 USDC. VIP 3 and above users, market makers, and brokers are excluded from the trading volume split. Activity 2: Wealth management interest boost: Regular USDC current account users can add a tiered interest of 7% to 7.5% on top of the real-time yield (currently around 3%); VIP users add 8% to 8.5%. USDT current accounts get an 8% tiered interest (for 0 to 1,000 USDT). RWUSD has a base yield of 3.61% plus an additional 6.39%. BFUSD has a 7-day average annualized yield of 5.11% plus an additional 5%. Users who borrow stablecoins for arbitrage are not eligible for the tiered interest.

According to on-chain analyst Yu Jin’s monitoring, an address un-staked and retrieved 3.9 million LIT tokens two days ago, and half an hour ago, these tokens valued at $12.21 million were transferred to centralized exchanges including OKX.

Arkhum stated in a social media post that it has detected the Binance attacker deposited $4 million into three Binance deposit addresses. These addresses likely represent "nested services" – third-party trading platforms that leverage Binance's liquidity support and asset custody. BlockBeats Note: The "nested services" referenced by Arkhum are intermediaries that serve third-party clients by borrowing accounts from large compliant trading platforms such as Binance, which can be understood as secondary service providers that "parasitize" on major trading platforms.