Democrats flipped the Iowa Senate seat, securing six total flips to win control of the Senate.

Binance’s Chinese community head Sisi published a response to the recent security incident, stating that Binance is liable for the $6.3 billion loss and will cover all related damages. She emphasized that user assets have remained intact and Binance has never misappropriated customer funds; after withdrawals were reopened, the platform has processed withdrawal requests equivalent in value to the stolen amount. Sisi added that funds that have been frozen and blocked will be tracked and recovered individually by Binance in collaboration with law enforcement agencies and on-chain entities. Per disclosures, as of November 3, the affected wallet system has been rebuilt in a new environment, internal AI tools have been reconstructed with tightened permissions, all affected devices have been replaced, relevant credentials and tokens have been invalidated, and device scanning, wallet risk control, and anomaly detection have been enhanced. According to an FBI advisory, the attack originated from a state-sponsored adversary. Since the start of the year, Binance has blocked 57 suspected attacks linked to the same source. The attackers lurked for months, gradually infiltrating via fake recruitment, tampered development tools, zero-day malware, and other methods, and used internal AI tools as an attack springboard. Furthermore, Binance is willing to share the attack’s characteristics with other exchanges and participate in industry-wide real-time early warning, suspicious fund tracking, and joint risk prevention. Binance will invite an independent third-party security firm to review its rectification efforts and will release the results publicly once finalized.

According to HTX market data, Bitcoin has broken through $78,000, currently trading at $78,007, with a 1.68% daily gain.

According to Bitget market data, spot gold has continued its rally, with its intraday gain expanding to 2% and currently trading at $4009.10 per ounce.

CNBC's election reporting team forecasts that the Democratic Party is on track to secure a clear majority in the U.S. House of Representatives, with its seat count far exceeding the 218 needed to control the chamber. The team projects that Democrats will win at least 235 House seats.

According to TradingBeats monitoring, tech stock contracts on Hyperliquid rebounded in the afternoon. As of noon, SOXL, Micron (MU), and SanDisk (SNDK) rebounded around 13.2%, 4.1%, and 5.3% respectively from today's lows, while ZHIPU rose approximately 9.9%. Some addresses that entered positions at lower levels have recorded unrealized profits. Micron (MU): A whale address starting with 0xd21d added roughly $4.34 million in MU long positions from morning to noon today, with an average entry price of $822.63. Its final purchase at noon was around $1.03 million at an average of $817.37, only 0.4% higher than today's low of $814.06. After the addition, its MU long position increased to about $6.17 million, with a combined cost reduced to $832.78, currently yielding an unrealized profit of around $110,000. NBIS: An address starting with 0xbd33 opened 5,612.87 NBIS long positions at an average price of $144.71 at noon. The current position value is approximately $840,000, with an unrealized profit of around $32,100. ZHIPU: An address starting with 0xe1d3 purchased roughly $665,900 in ZHIPU long positions in batches since the morning. It currently holds 11,968.45 units at an average price of $55.63, with a position value of about $706,900 and an unrealized profit of around $41,000.

US media predicted on the 3rd that House Democratic Leader Hakeem Jeffries will be the next Speaker of the U.S. House of Representatives, set to become the first African American to hold the post in U.S. history. Jeffries delivered a speech on the same day celebrating the Democratic Party’s midterm election victory, stating, “The American people have had enough of extremism and corruption.” He added, “America is back. From the East Coast to the West Coast, the American people have made it clear they are fed up with extremism and corruption.” Jeffries also outlined a “100-day agenda” focused on lowering cost of living and overseeing the Trump administration, “holding those accountable who brought unprecedented corruption to this country.” (Xinhua)