Odaily reports: Mike Wilson, Chief US Equity Strategist at Morgan Stanley, said the US stock market may face several short-term correction risks in the future, including the US midterm elections, market concerns triggered by AI spending, and liquidity constraints, which could push the S&P 500 down about 9% from its recent historical high to 7,100 points. However, he believes these corrections will create opportunities to buy on dips, and expects that once the relevant risks are released, the S&P 500 could rise further to 8,000 points. Historically, since 1950, the US stock market has risen in both the 6 months and 12 months following every midterm election. Therefore, he recommends buying US stocks on dips regardless of the midterm election results. (Bloomberg)

Odaily: As the US midterm elections approach, a group of seasoned traders on Kalshi and Polymarket have begun seeking trading advantages through on-the-ground "street-walking" fieldwork and voter data analysis. Among them: former Democratic National Committee (DNC) economics professor and election model analyst Douglas Campbell, who goes by the username AlexanderHam on Kalshi, has accumulated over $800,000 in profits, ranking as the platform's sixth most profitable election trader; another trader, David Bensoussan, is primarily active on Polymarket, where under the username Scottilicious he has accumulated over $1.5 million in profits, with a position of more than $280,000 betting on Democrats winning the House, a market whose probability has now risen to approximately 94%.

Analysts suggest that some traders are seeking information advantages through fieldwork, which has raised concerns about information asymmetry and insider trading. Polymarket this week has launched an investigation into suspicious trading during the Israeli election period. (Bloomberg)

Odaily reports: Crypto analyst Darkfost posted that Bitcoin short-term holders (STH) saw a sharp increase in profits yesterday, with their cost basis now approaching $76,000, and the market is testing this group's conviction to hold. The short-term holder MVRV metric is currently approaching the neutral level of 1, after having risen above 1.18 in late September—a new high since July 2025—meaning short-term holders had previously been sitting on the highest level of unrealized profits in over a year.

Darkfost noted that the short-term holder cost basis has been rising continuously since mid-August, when it was around $67,500, reflecting this group's continued entry as Bitcoin rallied. As Bitcoin's medium-term trend turns positive, MVRV returning to near 1 could become a key price zone for short-term holders to take action: some investors may choose to keep buying, while others may capitulate and exit due to lack of confidence. Which force ultimately prevails in the market remains to be seen.

Odaily reports that Binance has updated its withdrawal restoration progress on X, having resumed withdrawals of USDC, USDT, and ETH on the Ethereum network, as well as USDC, USDT, and BNB on the BNB Smart Chain (BSC) network.

Binance stated that after completing relevant security checks, it will continue to restore withdrawal services for other assets and networks in phases, and further progress will be announced through official channels.

Odaily reports that Binance has published a security incident recovery progress announcement, stating that it plans to resume phase one withdrawal services between 14:00 and 17:00 (UTC+8) on November 1.

The first batch supports networks and assets including BTC, ETH, BNB, TRX, SOL, XRP, ZEC, DOGE, TON, POL, AVAX, ARB, BASE, OP, and SUI. In addition, Binance noted that there may be brief delays initially due to traffic, and other networks and assets will be opened successively once ready; deposit services remain open.

Odaily reports that Binance has once again updated the progress of the hacking incident, stating that it has now covered $6 billion of the losses caused by the hack. Previously, Binance said it had completed the backfilling of approximately 90% of affected assets, a further increase from the previously disclosed 80%; BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have all achieved 100% full reserve backing.

Odaily Report: The FBI has announced that North Korea is responsible for the theft of over $6 billion in virtual assets from Binance around October 29, and has labeled the related malicious cyber activity as "TraderTraitor." The FBI stated that it, along with the U.S. Secret Service (USSS) and the Internal Revenue Service Criminal Investigation Division (IRS-CI), observed that the attackers primarily converted the stolen assets into ETH and are expected to launder the funds through DeFi and instant exchange services. The FBI called on THORChain node operators, RPC node operators, instant exchange platforms, DeFi services, and blockchain analytics firms to block transactions with the relevant addresses, and published hundreds of related ETH, BTC, and SOL addresses. Previously, Trump had stated that an investigation was underway into whether North Korea was behind the incident.

According to blockchain analytics firm Chainalysis, on the morning of October 31 (Eastern Time), a chain reorganization occurred on Ethereum, causing cross-chain protocol THORChain to erroneously issue a double refund to a user who had deposited 10 ETH, triggering an emergency pause. The pause shut down swap functionality across most of THORChain's cross-chain bridges for all users, including North Korean money launderers, inadvertently slowing down the laundering of a large amount of stolen Binance funds. THORChain's status interface shows that transactions on 12 of its 13 listed chains remain paused, while outbound signing remains enabled on most chains.

Odaily reports: Kintsu officially announced that its official website is currently displaying a malicious site to users due to a DNS hijacking incident at its domain registrar. Users are urged not to visit the website, connect their wallets, or sign any transactions. If users have connected their wallets or signed transactions since 00:00 (UTC) on October 31, they should immediately revoke the relevant approvals via the Revoke platform and transfer their assets. Further notice will be provided once the website is confirmed to be secure again.

Odaily reports that Pons founder Ozzy posted on X platform that, according to a Blockaid warning, the StepDrainer attack previously targeting projects such as Kintsu and Flap is expanding and now involves StonkFun, Pickle Finance, Echelon, Origami, Fluxbeam, Stakepoint, SupSwap, Longbow, SHPRD, and ApeX DeFi. Blockaid reminds users to temporarily avoid visiting the above websites and the previously disclosed affected DApps, and not to connect their wallets.

Odaily reports that World Liberty advisor Ogle posted on X platform stating that they received an alert from security firm Blockaid, warning users to temporarily avoid visiting the relevant websites or connecting wallets. According to the publicly disclosed alert information, Blockaid stated it has detected an active front-end attack related to the StepDrainer toolkit, involving Kintsu, Flap, and StonkBrokers. The affected sites have been injected with malicious scripts, and users who click "Connect Wallet" may be redirected to malicious asset-draining pages. Blockaid is currently investigating and gathering more information, with further updates to be announced.

Odaily: Flap posted on X that its official website is currently experiencing a DNS hijacking and has been redirected to an unauthorized website. The team reminds users not to visit the official website, connect wallets, or sign any transactions for the time being, and states that they are working on the issue and will publish an update once the website is confirmed to be safe.

Odaily Report: Anthropic PBC has committed in its IPO filing that, as infrastructure expansion accelerates, the company will spend nearly $900 billion on servers, buildings, and power through future obligations. This scale far exceeds the liabilities listed on its balance sheet that investors can directly see. Investors need to read deep into the notes of Anthropic's financial statements to see the details of its planned expenditures—these off-balance-sheet obligations include future lease contracts and purchase agreements for data centers, power, and GPUs.

David Trainer, CEO of investment research firm New Constructs, said that the scale of committed expenditures of this kind, known as "hidden debt," is enormous at Anthropic. He stated: "They must invest massive amounts of capital in training, inference, and energy." (Jinshi)