Source publication: November 7, 2026, at 10:08:42 UTC+8. This retrospective draws on Odaily’s weekly editor’s picks for October 31–November 6.
Binance: loss coverage and withdrawal pressure
Odaily’s roundup reported an approximately $6.3 billion theft from Binance, followed by the exchange progressively replenishing the stolen funds and restoring withdrawals. It also highlighted $7 billion in net outflows over 24 hours, while reporting that most institutions had held their positions.
According to the preliminary incident report summarized by Odaily, attackers used a fake recruitment interview to compromise an employee’s device and subsequently gain access to wallet infrastructure. The roundup said the FBI identified North Korean hackers as responsible; North Korea denied involvement and called the allegations fabricated.
CZ said Binance covered the losses from its own balance sheet without borrowing, selling assets or raising financing. That is an attributed statement about loss coverage—not, by itself, a complete account of reserves, liabilities or customer protections.
The roundup also reported that Polymarket and Binance proposed a Polygon hard fork that would directly zero out approximately 70.49 million POL held at the attacker’s address. It described a proposal, not an implemented change.
Custody providers move toward broader financial roles
A Tiger Research analysis featured in the selection described a digital-asset custody industry that had grown fourfold in a year. Its central argument was that fees tied to assets under custody constrain revenue, encouraging providers to expand into trust services that allow institutions to manage and invest assets directly.
The summary identified two directions:
- Anchorage and BitGo: expansion into stablecoin issuance, clearing and settlement.
- Agora and Catena: investment advisory and asset management services.
According to the source, all four institutions were either operating under or applying for U.S. national trust bank charters to broaden their activities. The roundup did not specify each institution’s individual licensing status.
Circle: distinguish reserve income from other revenue
Odaily’s featured Circle earnings analysis reported third-quarter revenue of $865 million, but argued that a substantial portion of growth came from ARC token presales. It also described pressure on the USDC business from declining reserve yields and slower circulation growth.
The analysis framed the durability of non-interest revenue as an open question: as the presale-related accounting benefit fades over subsequent quarters, can payment-network and blockchain-ecosystem activity provide recurring revenue? The summary did not establish that this transition had occurred.
Trading access does not settle market-structure concerns
The roundup described issuer resistance to OKXICE, reporting opposition from 90% of U.S. listed companies despite regulatory clearance. It identified three concerns: fragmented pricing and liquidity, reduced visibility into trading, and potential reputational damage to issuers from third-party trading activity.
Separately, it reported that the U.S. CFTC had approved single-stock perpetual futures for trading on regulated U.S. exchanges, while Wall Street participants sought reversal of that approval.
Withdrawal rights remain a critical distinction
The source’s discussion of perpetual DEX security focused on where assets sit and who can authorize their movement: a smart contract, a team-controlled wallet, an exchange custody account or a bridge. It also distinguished unilateral keys, multisignature controls and proof-based withdrawal authorization, citing Lighter as an example of the latter.
Its second test was whether users could exit without the operator through forced withdrawals, escape mechanisms or other contract provisions. The “DEX” label alone, the source cautioned, is not a security guarantee.
For Mt. Gox creditors, the roundup reported another delay: trustee Nobuaki Kobayashi announced on October 16 that the Tokyo District Court had approved extending the deadline for base, early lump-sum and intermediate repayments from October 31, 2026, to October 31, 2027. It described this as the fourth consecutive one-year extension since the original October 2023 deadline, with approximately 34,400 BTC remaining on-chain—about one-quarter of the planned distribution.