Morning Report | Bitcoin rose 1% in the past 24 hours; Binance completed the transfer of 7,499 BTC from the SAFU fund
Compiled by: ChainCatcher
### Data from the Past 24 Hours
Bitcoin is currently priced at $78,354, up 1% in the past 24 hours, with a high of $78,422 and a low of $77,517.
Ethereum is currently priced at $2,275.31, up 0.9% in the past 24 hours, with a high of $2,278.00 and a low of $2,247.84.
According to Coinglass, the Crypto Fear and Greed Index is at 35, indicating fear, up 4 points from the previous reading.
### Important Events in the Past 24 Hours
**1. [Binance Completes Transfer of 7,499 BTC from SAFU Funds](https://www.chaincatcher.com/en/article/2300692)**
Binance officially announced that its transfer of SAFU funds has been completed, involving a large transfer of 7,499 BTC, worth approximately $581 million. Previously, Whale Alert detected this BTC being transferred from Binance SAFU to an unknown wallet, and Binance confirmed the connection of this transfer to the SAFU funds transfer.
**2. [USDC Treasury Mints 250 Million USDC on Solana Chain](https://www.chaincatcher.com/en/article/2300695)**
According to Whale Alert, the USDC Treasury has minted 250 million USDC on the Solana chain, valued at approximately $250 million.
**3. [North Korean-Linked Address Bridges $38 Million via RelayProtocol](https://www.chaincatcher.com/en/article/2300702)**
On-chain detective Specter detected that a North Korean-linked address transferred over $38 million through the Relay cross-chain bridge within 7 hours, with related transfers still ongoing. Although Relay stated that a transaction monitoring system has been enabled, it failed to prevent the aforementioned fund flow.
**4. [SOON Foundation Suspends svmBNB Cross-Chain Bridge with Mainnet](https://www.chaincatcher.com/en/article/2300709)**
The SOON Foundation, associated with the SVM Rollup project, announced that it has temporarily closed the cross-chain bridge between svmBNB and the SOON mainnet. On October 31, 2026, around 11:00 UTC, abnormal withdrawal activities were detected on the cross-chain bridge, and the foundation immediately closed the bridge service after discovering the anomaly at 14:00 UTC that same day. The related cross-chain bridge has been controlled, and an in-depth investigation is underway.
### Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of November 2, 08:00
The top five popular tokens on ETH in the past 24 hours are: DacityCoin, GTA6, CTM, SI, BEAM
The top five popular tokens on Solana in the past 24 hours are: SIS, Anakin, KIM, BTC, uni
The top five popular tokens on Base in the past 24 hours are: XDP, AERO, AXIS, SOL, ELSA
The top five popular tokens on BSC in the past 24 hours are: BNCB, SA, JAGENT, Cocoon, FAGENT
### What Are Some Must-Read Articles from the Past 24 Hours?
**[The Hacker Paid $119 Million in "Panic Tax," You Probably Haven't Heard of the Person Who Took the Money](https://www.chaincatcher.com/en/article/2300689)**
These builders made a record profit in a day, packaging the hacker's exchanges into blocks.
**[The Eve of the AI Bubble Burst](https://www.chaincatcher.com/en/article/2300691)**
Technology keeps changing, but human nature remains the same.
**[With the U.S. Midterm Elections Approaching, Here's Goldman Sachs' Trading Guide](https://www.chaincatcher.com/en/article/2300723)**
The betting market has raised the probability of the Democratic Party sweeping both houses of Congress to 67%, and Goldman Sachs has released an election trading manual in advance. The core logic is not to bet on policy dividends but to capture changes in regulatory winds: go long on healthcare, renewable energy, residential builders, and non-defense government spending beneficiaries, while shorting large pharmaceutical companies, defense, cryptocurrencies, and some large tech stocks, while being wary of the risk of power cost transfer for AI data centers.
**[a16z Rethinks KYC: Institutions Embrace On-Chain, No Need to Be Stuck in Traditional KYC Frameworks](https://www.chaincatcher.com/en/article/2300720)**
Traditional identity verification is hindering institutions from entering on-chain.
**[Binance's $6.3 Billion Hacker Traced to TraderTraitor, What's the Connection to Lazarus?](https://www.chaincatcher.com/en/article/2300744)**
Early attacks on banks later found that cryptocurrency was a faster way to make money.