UBS: Market Underestimates AI Cycle Duration, Inflection Point for Return on Investment Expected by 2027

Arkhum stated in a social media post that it has detected the Binance attacker deposited $4 million into three Binance deposit addresses. These addresses likely represent "nested services" – third-party trading platforms that leverage Binance's liquidity support and asset custody. BlockBeats Note: The "nested services" referenced by Arkhum are intermediaries that serve third-party clients by borrowing accounts from large compliant trading platforms such as Binance, which can be understood as secondary service providers that "parasitize" on major trading platforms.

According to CNN, on the eve of the U.S. midterm elections, the Democratic Party is close to regaining a Senate majority, but multiple key seats remain deadlocked, and deep-red states could still swing either way. CNN has expanded its list of "most likely to flip" seats to 11, adding South Carolina, while battleground states like Texas and Kansas—once considered longshots earlier this year—have moved up in rankings. The Democrats need to flip four incumbent Republican seats and hold all their own seats to secure a Senate majority. The report notes that CNN’s poll aggregation shows Trump’s approval rating at around 34%, with issues including the economy, the Iran war, and corruption driving Democratic voter mobilization. In the final month, Republicans spent roughly $560 million on ads in these 11 races, while Democrats spent about $521 million; excluding Georgia and North Carolina, the GOP’s ad spending advantage grows larger. The top of the list includes: in North Carolina, Democrat Roy Cooper leads Republican Michael Whatley by roughly 14 points in the final High Point/YouGov poll, marking it as the most likely flip seat; former Ohio Senator Sherrod Brown holds an average lead of about 5 points; in Texas, James Talarico is running against Ken Paxton—CNN’s aggregate shows no clear leader, but recent New York Times/Siena and CNN polls put Talarico ahead, with Elon Musk-related spending accounting for over $168 million of the GOP’s ad budget in the state. The remaining seats on the list are Maine, Alaska, Kansas, Iowa, Michigan, New Hampshire, South Carolina, and Georgia, among others.

U.S. President Donald Trump gave a media interview on November 2 local time. When asked whether he believed regime change was needed in Iran, Trump said: "In a sense, we have already overthrown the Iranian regime. We’ve done it twice before. Whether a deal with Iran will be reached remains to be seen; it can be said that Iran is very eager to strike an agreement." When asked if he was surprised by Iran’s demonstrated resilience, Trump stated: "I don’t know what you mean by 'resilience.' I have been relatively polite to Iran because they want to negotiate and have been talking, but one day we will have to take action. I know some people are angry with me for not completely eliminating Iran." (Jinshi)

Blockchain analytics firm Elliptic has disclosed that North Korea-linked hackers, after stealing approximately $6.43 billion in crypto assets from the Binance exchange, are conducting sophisticated money laundering operations in a highly automated manner. As of the article’s update, the stolen funds have been moved across 11 blockchains via roughly 12,000 wallets, with over 40,000 transactions executed in less than four days—an average of one new wallet created every 25 seconds. Elliptic noted that approximately $3.24 billion remains in addresses linked to the heist, primarily in ETH and BTC; around $2.85 billion has been frozen or seized, with negligible amounts confirmed to have been cashed out. The money laundering trail is dominated by Tron, with funds split into roughly 7,700 addresses and bridged cross-chain to Ethereum; at least $147 million has been moved out of Tron via bridges. Since November 1, portions of ETH, SOL, NEAR, and XRP have begun to be moved; approximately 28 BTC (valued at around $2.2 million) has entered a Wasabi-style coinjoin mixing operation for the first time. Elliptic believes the operations show a fixed rhythm and batch characteristics, pointing to standard automated scripts rather than AI-driven autonomous decision-making. The firm also predicts the attackers will follow the path of the Bybit case in subsequent steps: converting ETH to BTC in batches, then cashing out via channels like over-the-counter (OTC) brokers.

According to official announcements from Bitget, the platform has released its 2026 Q3 Transparency Report. The report shows Bitget’s combined trading volume in Q3 reached $1.86 trillion, with a cumulative monthly growth of 21.2% from July to September. Specifically, crypto derivatives trading volume hit $409.19 billion, up 31.5% quarter-over-quarter; crypto spot trading volume rose 65.7%; and CFD trading volume reached $376.32 billion, growing 39.7%. In terms of product layout, Bitget launched the Cross-Asset Unified Account (UTA), integrating over 370 assets into a unified margin system—including more than 100 tokenized US stocks—with a collateral valuation ratio of up to 95%, further optimizing cross-asset trading and fund management experiences. The platform also extended the application of its AI trading tool GetAgent Playbook to tokenized US stocks, and launched the stablecoin yield product Cash Plus, enriching users’ asset management and income options. On the security and reserve front, Bitget has published monthly reserve reports since December 2022, with 47 consecutive issues released as of September 2026, and all asset reserve ratios have remained above 100%. This quarter, Bitget upgraded its Proof of Reserves (PoR) mechanism, expanding reserve verification coverage from the original 4 cryptocurrencies to 19 major assets. The upgrade also broadened platform-level reserve disclosures and individual asset verification scopes: users can check each asset’s reserve ratio, reserve size, and on-chain distribution via the PoR page, and independently verify whether their personal positions are included in the reserve snapshot through Merkle Tree, further enhancing the transparency and verifiability of reserve information.

According to TradingBeats monitoring, a long-term NEAR whale today liquidated approximately 2.4863 million NEAR long positions in one go, worth around $10.276 million, locking in a profit of roughly $4.4266 million. The account’s original average entry price for NEAR long positions was only about $2.35, while the average liquidation price for this round stood at approximately $4.13. The whale has been reducing its position over the past six hours and has now fully cleared all its NEAR holdings. During the liquidation of NEAR long positions, the whale has shifted to shorting other altcoins. The same account opened short positions in AAVE, and also shorted MEGA and BNB. As of press time, the new short positions include: ~$1.4701 million in AAVE, with an average entry price of $131.92; ~$326,800 in BNB, average entry price $706.94; ~$190,500 in MEGA, average entry price $0.0413.