Morning Report | Ethereum rose 0.5% in the past 24 hours; the compensation ratio for stolen assets at Binance has increased to 90%

Compiled by: ChainCatcher

### Data from the Past 24 Hours

Bitcoin is currently priced at $77,582, up 0.3% in the past 24 hours, with a high of $77,796 and a low of $77,114.

Ethereum is currently priced at $2,255.66, up 0.5% in the past 24 hours, with a high of $2,268.76 and a low of $2,237.00.

According to Coinglass, the Crypto Fear and Greed Index is at 31, indicating fear, up 2 points from the previous reading.

### Important Events in the Past 24 Hours

**1. [Binance's Recovery Rate for Stolen Assets Rises to 90%](https://www.chaincatcher.com/en/article/2300674)**

Binance released a security incident update, stating that the company has reserved over $6.34 billion to cover the stolen losses, increasing the coverage rate from 80% to 90%. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% coverage, while the remaining tokens will continue to be purchased until fully covered. The recovery funds come from the user security asset fund SAFU, the contract insurance fund, and Binance's own funds. A partial draw from SAFU is expected to occur within the next 24 hours. Withdrawal services are scheduled to reopen on November 1.

**2. [Binance Plans to Resume Withdrawals and Conduct Reserve Proof](https://www.chaincatcher.com/en/article/2300571)**

Binance announced that it plans to complete the first reserve proof snapshot by October 31 at 15:33 and begin phased resumption of withdrawal services by November 1 at 13:33. The company has prepared over $6.34 billion in funds, with approximately $5 billion worth of affected token assets already in place, covering about 80% of the stolen assets, while the remaining portion is being purchased through both on-chain and off-chain channels. Approximately $3 billion in affected assets have been frozen on-chain.

**3. [Kintsu Official Website Faces DNS Hijacking](https://www.chaincatcher.com/en/article/2300611)**

Kintsu officially confirmed that its website has been hijacked due to issues with its domain registrar, and accessing the website may lead to malicious sites. Kintsu advises users not to visit the official website, connect wallets, or sign any transactions, and suggests affected users revoke authorizations and transfer assets through the Revoke platform.

**4. [7,499 BTC Transferred from Binance SAFU to Unknown Wallet](https://www.chaincatcher.com/en/article/2300677)**

According to Whale Alert monitoring, 7,499 BTC were transferred from Binance SAFU to an unknown wallet, valued at approximately $581 million.

### Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of November 1 at 08:00:

The top five popular tokens in ETH over the past 24 hours are: USDS, GTA6, CTM, SI, HYPEPE.

The top five popular tokens in Solana over the past 24 hours are: KIM, LUMI, DJT, iCoin, BTC.

The top five popular tokens in Base over the past 24 hours are: AERO, XDP, RSGP, AXIS, STONKEX.

The top five popular tokens in BSC over the past 24 hours are: BNCB, FAGENT, HI, JAGENT, SAFU.

### What Are the Must-Read Articles from the Past 24 Hours?

**[Binance Lost $6.3 Billion, Yet Titan Builder Earned $22.83 Million in a Single Day to Top the Revenue Chart](https://www.chaincatcher.com/en/article/2300595)**

A company of sixteen people has taken three years to occupy half of Ethereum's block packaging rights and connected over 90% of validators.

**[Intel Lost $140 Billion Overnight](https://www.chaincatcher.com/en/article/2300575)**

AI has driven demand for data center chips but has also imposed new pressures on Intel's traditional business through supply chain cost transmission.

**[Just Now, Claude Announced the Removal of the 5-Hour Limit, First Batch of Ultra Users Have Been "Unleashed"](https://www.chaincatcher.com/en/article/2300590)**

Is everyone on board with Claude's move of "renaming" and "lifting limits"?

**[GCSA Insights: Independent Evidence Collection of Binance's $6.3 Billion Theft and EIP-7702 Attack Link Analysis](https://www.chaincatcher.com/en/article/2300613)**

How did the attackers bypass the security boundaries between the company's internal systems and on-chain wallets, transforming certain access permissions into effective asset transfer capabilities?

**[Bitwise Report: Bitcoin Could Be the Best Performing Mainstream Asset of the Next Decade](https://www.chaincatcher.com/en/article/2300584)**

Bitwise updated Bitcoin's long-term target price: reaching $1.6 million by 2036, with an expected annualized return of 34.3%.