☕️ Binance Audits Reserves After $6.3B Hack Binance proved full backing for core assets after a severe exploit, while First Digital plans a public listing that deepens its ties to the exchange.
1. Binance Audits Reserves After $6.3B Exploit — Binance issued zero-knowledge reserve proofs confirming full backing for 10 assets, committing over $6.34 billion from corporate funds to cover shortfalls after an Oct. 29 exploit. 2. First Digital Prepares $250M Listing — First Digital Trust signed a merger agreement to go public at a $250 million valuation. Binance affiliate Alphanest Holdings holds warrants convertible to about 25% equity in the firm, whose revenue dropped sharply this year. 3. Crypto PACs Deploy $176M for Midterms — Crypto political groups spent roughly $176 million across over 100 congressional races as voters decide control of Congress and potential momentum for the stalled CLARITY Act. 4. NEAR Protocol Cuts Token Issuance — The Near Protocol community overwhelmingly passed proposal HSP-029 to lower annual token emissions from 2.5% to 1.6% over two years, reducing projected gross staking yields. 5. Evernorth Files for 73.7M Share Resale — Evernorth filed an SEC shelf registration permitting early equity and warrant holders to offload up to 73.7 million Class A shares after its SPAC merger with Armada Acquisition Corp. II.
📊 Bitcoin traded at $77,772, with Ethereum at $2,288 and global market capitalization near $2.61 trillion.
