NewsDesk
The wire: crypto and markets news from other outlets, newest first.
AI summaryStories from the outlets we follow, summarised by AI and linked to the original. A story whose AI summary is not ready is held for an editor; older items may still show the outlet’s own summary, quoted and labelled. Bullish, Bearish and Neutral are an AI reading of a story’s tone, not investment advice.6 publishers843 storiesWhere AI is used
Binance finance chief Kaiser Ng to leave after five years, Yi He says
Binance's chief financial officer, Kaiser Ng, is leaving the exchange after more than five years, co-CEO Yi He said. Justin Yek, formerly of Airwallex, will replace him.
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Stories from our sources, newest first, each credited to the publisher and linked to the original.
Trezor raises passphrase limit to 128 characters after Coldcard attacks
The hardware wallet maker has extended optional passphrases from 50 to 128 characters in its Trezor Suite, citing July's Coldcard attacks in which strong passphrases protected some affected users.
Hyperliquid's two most profitable traders hold $1.06bn in short positions
The top two accounts on Hyperliquid's monthly profit leaderboard are betting on crypto falling, with the larger holding shorts across 22 markets led by ether and Bitcoin.
OKX leads exchange inflows with $445m as Binance sees $7bn outflows
DefiLlama data shows OKX drew about $445m in 24-hour net inflows while Binance, resuming withdrawals after a $6.3bn hack, recorded more than $7bn in net outflows.
Binance tracked assets fall $16.6bn since hack as reserve proof slips to 3 Nov
DefiLlama data shows Binance's tracked assets dropped from $145bn on 29 Oct to about $128bn on 2 Nov. Its full zero-knowledge proof of reserves, promised for 2 Nov, is now due by 3 Nov.
Grayscale says BlackRock, JPMorgan and Visa deals support crypto growth
Grayscale's research chief says tokenised funds and stablecoin settlement show digital assets are now embedded in mainstream finance, whatever the US midterm result.
Bank of Korea surveys 31 financial firms on crypto risk exposure
The central bank has asked 18 banks and 13 brokerages how a major exchange shutdown, a sustained crypto slump or losses at another firm would affect them, with responses due on 4 November.
