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10/31
04:31
The EU and Canada held a summit in Montreal, launching the "Future Alliance" to deepen their relationship. Canadian Prime Minister Carney, European Commission President von der Leyen, and European Council President Costa jointly signed a digital trade agreement and several other agreements. Both sides also announced that the European Investment Bank will invest in critical Canadian resources and advance cooperation on AI safety. Additionally, Canada will participate in the EU's €90 billion support loan for Ukraine, initially contributing €500 million. This cooperation comes as US President Donald Trump threatens to impose trade tariffs on allies, with both sides seeking to strengthen sovereignty and economic ties amid an increasingly uncertain global landscape.
04:31
Forces of Yemen's internationally recognized government stated that Houthi rebels attacked Aden International Airport and the city's presidential palace with ballistic missiles. Aden is the interim seat of the Yemeni government. Government forces spokesperson Majed al-Nazili claimed on social media that the Houthis "continue to target the assets of the Yemeni people," but did not provide details on casualties, damage, or whether the missiles hit their intended targets. Witnesses told AFP that they saw ambulances entering the Aden presidential palace after hearing two explosions.
04:30
Iranian security chief Mohsen Rezaei posted on X, accusing Europe of now complaining about the billions in costs from a war with Iran, after supporting Israel's "dirty work" against Iran. Rezaei wrote: "When you cheered for war crimes, did you not think the consequences would also reach you? War and terror come at a price. Now it's your turn to pay." Previously, German Chancellor Friedrich Merz stated in June 2025 during an Israeli attack on Iran: "This is Israel doing the dirty work for all of us." European Commission President Ursula von der Leyen also said this month, "Households and industries are paying the price for a war that extends far beyond our borders."
04:30
Here is the English translation:

Following the alleged theft of $6.3 billion in crypto assets from Binance by North Korean hackers, companies including Tether, Circle, Ripple, and World Liberty Financial froze billions of dollars worth of the stolen tokens within hours, preventing nearly half of the funds from escaping. Legal and industry experts broadly supported the decision to freeze the assets, but questioned whether these companies apply the same standards to all hacking victims, or whether an exception was made given Binance's scale and the enormous size of the theft. They also warned that freezing stolen funds is not the same as actually recovering them. Binance has stated that it has set aside $6.34 billion in company funds to cover customer losses, and has frozen approximately $3 billion in stolen assets. Circle CEO Jeremy Allaire confirmed that over $800 million in USDC had been frozen in coordination with law enforcement. Tether CEO Paolo Ardoino confirmed that more than $1.567 billion in USDT had been frozen. Experts noted that freezing is only the first step, and recovering the funds may require a court order, with stablecoin issuers also facing potential liability when carrying out freezes.
04:13
Analysts from Cantor Fitzgerald, TD Cowen, and Compass Point stated in a Friday research note that Binance's record-breaking $6.3 billion (or $6.4 billion) theft was due to the exchange's own security vulnerabilities, rather than a widespread threat to the cryptocurrency industry. They advised clients to buy crypto-related stocks such as Coinbase, Robinhood, and Strategy during periods of low market sentiment. The analysts believe the incident is unlikely to hinder a broader market recovery, noting that stablecoin issuers have frozen approximately $3 billion of the stolen funds. However, Moody's Vice President Cristiano Ventricelli warned that the incident highlights the high cybersecurity risks of hot wallets and the concentration of risks in large centralized intermediaries.
04:04
California, the most populous U.S. state, is undergoing redistricting, which could shift control of the U.S. House of Representatives from Republicans to Democrats.
04:00
Binance, the world's largest cryptocurrency exchange, has pledged to cover the $6.3 billion in client assets affected by a recent security breach, stating it has set aside over $6.3 billion of its own funds for this purpose. Approximately $3 billion of the stolen assets have already been frozen on blockchain networks. The exchange's initial investigation suggests hackers gained access to its withdrawal systems to make unauthorized transfers, but found no evidence of private key leaks. The incident highlights the risks of trusting exchanges with digital assets, with experts advising investors to research exchange regulations and consider self-custody for long-term holdings.
03:55
Binance stated that it expects to resume withdrawal services within 48 hours, and Bitcoin deposits remain open. The exchange estimates the total impact of this security incident to be approximately $6 billion and has frozen about $3 billion of affected assets by working with blockchain partners. Binance pledged to cover the losses using its SAFU fund and company funds, and will release an updated Proof of Reserves after the fix.
03:53
The UK Maritime Trade Operations (UKMTO) reported that a vessel was struck by an unknown projectile 40 nautical miles south of Iran's Lavan Island, causing a fire on board. UKMTO stated that all crew members are safe and there was no immediate environmental impact.
03:49
Premiums for Affordable Care Act (ACA) plans are projected to rise by 13% in 2027. This marks the second consecutive year of double-digit increases in a market already facing declining enrollment.
03:47
A drone launched by the Houthi militia was intercepted and destroyed over Medina province, a spokesperson for the Saudi-led coalition said. The coalition had earlier reported shooting down a ballistic missile and a drone over Riyadh and southern provinces.
03:40
The U.S. Securities and Exchange Commission (SEC) has issued exemptive relief for certain inter-affiliate and non-U.S. repo transactions from Treasury clearing requirements. This move aims to assist broker-dealers and other market participants in achieving central clearing of U.S. Treasury securities.
03:32
Reddit's stock price plummeted 30.44% to $90.15 on Friday, bringing its weekly decline to 44%, after its CEO warned that Google's AI search features were reducing referral traffic. CEO Steve Huffman stated that Google's AI search features are decreasing referral traffic and could lead to a shrinking user base for the platform. The company's strong third-quarter revenue and earnings performance were overshadowed by a weaker-than-expected fourth-quarter revenue forecast and slowing user growth, further exacerbating investor concerns. Huffman noted that Google search referral traffic decreased by an average of over 1 million per week in October, and this downward trend accelerated towards the end of the third quarter. He believes that Google's AI Overviews and AI models directly generate answers and summaries within search results, allowing users to obtain information without clicking through to the Reddit platform, which puts pressure on Reddit's advertising business.
03:02
Coinbase reported third-quarter revenue of $1.2 billion, falling short of analysts' expectations of $1.233 billion, with monthly transacting users (MTUs) decreasing to 7.4 million. Despite this, subscription and services revenue increased to $570 million, and adjusted EBITDA has been profitable for 15 consecutive quarters. Coinbase also disclosed the purchase of $1.5 billion worth of Bitcoin in the third quarter. Additionally, filings show that CEO Brian Armstrong has established a plan under SEC Rule 10b5-1 to sell up to 8.17 million shares of Class A common stock, with co-founder Fred Ehrsam and President Emilie Choi having similar plans, totaling approximately 13.6 million shares. Coinbase's stock (COIN) fell approximately 15% today, impacted by the $6.3 billion Binance security breach.

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