Daily Brief, 3 Nov 2026
The five stories that matter today, in two minutes.
2 min read
FRAX
Image: CoinDesk CoinDesk1 min readStory 1 of 5
Binance has spent half its SAFU bitcoin, about $580 million worth, data shows
On-chain data indicates that cryptocurrency exchange Binance has spent approximately half of the Bitcoin held in its Secure Asset Fund for Users, totaling around $580 million. Following these withdrawals, the reserve balance has dropped below the $800 million threshold that mandates a refill under Binance's internal guidelines. The company has not announced when it plans to replenish the fund.
Image: CoinDesk CoinDesk1 min readStory 2 of 5
Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key
Arbitrum's security council recently transferred $30 million connected to a Binance hack without needing the hacker's private key. To execute the move, the 12-person committee temporarily modified one of Arbitrum's core smart contracts before restoring the original code. This event marks the second time the council has taken such action during this year.
Image: Cointelegraph Cointelegraph1 min readStory 3 of 5
Crypto.com to withdraw Hong Kong consumer app citing regulatory changes
Cryptocurrency exchange Crypto.com announced it will discontinue its consumer application services in Hong Kong. The decision comes in response to local regulatory changes in the region. According to the company, the withdrawal of the consumer app is scheduled to take full effect in February of next year as compliance adjustments continue.
Image: CoinDesk CoinDesk1 min readStory 4 of 5
Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
Bitcoin fell below $77,000 alongside broader market declines driven by a deepening semiconductor stock sell-off prior to the U.S. midterm elections. The downturn extended to other digital assets, with ZEC plunging almost 10% and BNB dropping beneath $700. These crypto losses coincided with the Nasdaq 100 entering correction territory and pulling Asian equities lower.
Image: Cointelegraph Cointelegraph1 min readStory 5 of 5
Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation
The Reserve Bank of Australia has increased its official cash rate to 4.85%, marking an 18-year high. Australian central bankers cited accelerating inflation driven by soaring energy costs and massive corporate investments into artificial intelligence technology. The rate hike aims to cool persistent price pressures building across the domestic economy.
Brief quiz
Get all 3 right to earn 20 Kites
Question 1 of 3How much Bitcoin from its Secure Asset Fund for Users (SAFU) has Binance spent according to on-chain data?
BTC
ARB
BNB
ZECBinance has spent half its SAFU bitcoin, about $580 million worth, data shows
On-chain data indicates that cryptocurrency exchange Binance has spent approximately half of the Bitcoin held in its Secure Asset Fund for Users, totaling around $580 million. Following these withdrawals, the reserve balance has dropped below the $800 million threshold that mandates a refill under Binance's internal guidelines.
Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key
Arbitrum's security council recently transferred $30 million connected to a Binance hack without needing the hacker's private key. To execute the move, the 12-person committee temporarily modified one of Arbitrum's core smart contracts before restoring the original code.
Crypto.com to withdraw Hong Kong consumer app citing regulatory changes
Cryptocurrency exchange Crypto.com announced it will discontinue its consumer application services in Hong Kong. The decision comes in response to local regulatory changes in the region.
Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
Bitcoin fell below $77,000 alongside broader market declines driven by a deepening semiconductor stock sell-off prior to the U.S. midterm elections. The downturn extended to other digital assets, with ZEC plunging almost 10% and BNB dropping beneath $700.
Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation
The Reserve Bank of Australia has increased its official cash rate to 4.85%, marking an 18-year high. Australian central bankers cited accelerating inflation driven by soaring energy costs and massive corporate investments into artificial intelligence technology.
Brief quiz
Get all 3 right to earn 20 Kites
How much Bitcoin from its Secure Asset Fund for Users (SAFU) has Binance spent according to on-chain data?
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