Changpeng Zhao: The recovery of token assets appears to have begun.
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Binance founder Changpeng Zhao stated that the token asset recovery process appears to have begun. Users pay transaction fees in the cryptocurrency they trade on Binance, thus allowing Binance to naturally accumulate its listed tokens.
Cryptocurrency stocks generally fell after the US stock market opened. Strategy fell 8.05% to $130.23, Robinhood fell 7.94% to $84.32, Coinbase fell 7.75% to $148.15, Circle fell 7.23% to $74.21, and BitMine fell 5.86% to $20.39. The three major US stock indices all declined during the same period. (Source: Nasdaq)
U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.2%, the S&P 500 down 1.1%, and the Nasdaq Composite down 2.2%. Intel (INTC.O) plunged 25.7%, Amazon (AMZN.O) fell 5.3%, Nvidia (NVDA.O) dropped 2.5%, Nebius (NBIS.O) declined 7.3%, and ExxonMobil (XOM.N) rose 1.5%.
Today, the US Bitcoin ETF saw a net inflow of 395 BTC, with a 7-day net inflow of 3,503 BTC; the Ethereum ETF saw a net outflow of 27,947 ETH, with a 7-day net outflow of 109,709 ETH.
[SBI VC Trade and bitbank say limited impact from Binance outflow, customer assets safe] SBI Holdings of Japan stated on October 30 that its subsidiaries have limited exposure to Binance, and Binance has committed to fully compensating for the losses. The company anticipates that the ¥1 trillion theft will not affect the group's consolidated results. SBI's SBI VC Trade and bitbank services are operating normally, and customer assets have not been affected. (Source: CoinPost)