funds

According to The Block, TRM Labs has launched a custody service called Beacon Concierge, aimed at assisting law enforcement agencies in collaborating with cryptocurrency exchanges and stablecoin issuers to prevent and seize illegal cryptocurrency flows on any chain or asset.Beacon has over 200 members, covering 80% of cryptocurrency trading volume, with response times measured in minutes.

The U.S. Department of Justice has stated that it is working with the two largest stablecoin issuers globally to attempt to recover nearly half of the stolen funds from the Binance hacking incident. In this attack, hackers stole over $6 billion in assets from the Binance cryptocurrency exchange.The U.S. Department of Justice has obtained court authorization to seize or restrict the disposal of $1.2 billion from the $2.7 billion that Tether and Circle Internet Group immediately froze following the hacking incident on October 29. Investigators are still tracking the remaining funds. The Federal Bureau of Investigation refers to the related hacking group as TraderTraitor, which is currently attempting to transfer and launder the stolen assets through cross-chain bridges, mixers, and cryptocurrency exchanges.

According to Unfolded, citing CFTC position report data, as of November 3, the net short position of leveraged funds in CME standard Bitcoin futures has decreased to 12,955 BTC, down 89% from the peak of 115,985 BTC on December 17, 2024, marking the lowest level since February 2023, indicating that hedge funds have significantly closed their Bitcoin basis trades.Unfolded stated that the arbitrage buying that previously boosted ETF inflows has essentially disappeared, and the capital flow into spot ETFs will more reflect genuine directional demand, with structural buying that can act as a buffer during price declines also decreasing.

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.

DeFi Development Corp preferred stock CHAD raised enough funds to purchase over 1170 Solana, setting a new daily record.

The on-chain analysis platform Arkham has tracked approximately 63 million dollars in stolen funds related to the Bitget hacking incident. Arkham stated that 847.26 BTC of this amount has been traced to mixing (CoinJoin) transactions.In addition, Arkham also reported that another 959.29 BTC is stored in the wallet addresses it has tagged, and the recovery efforts for the related funds are still ongoing.

Binance Research's latest report indicates that while institutional funds have significantly entered the cryptocurrency market, they are primarily flowing into passive Beta products (such as ETFs), and the actively managed sector has not kept pace.The core reason is not a lack of talent or returns, but rather the absence of a middle layer that connects funds with managers for discovery and verification. Currently, the funding sources for active cryptocurrency strategies still heavily rely on personal networks and conferences, lacking a standardized performance verification and benchmarking system.Research shows that 80% of asset allocators prioritize asset safety over historical returns, and verified trading platform data can significantly enhance due diligence. Managers believe that unverifiable performance and lengthy compliance reviews are the biggest obstacles to fundraising.Capital Connect data shows that directional strategies account for 44.3% of the total number of funds but hold only 6.7% of the capital; market-neutral, statistical arbitrage, and traditional multi-strategy funds make up less than half but attract 92.1% of the capital. The average single investment size from institutions in neutral strategies is about 11 times that of directional strategies.In October, BTC fell by 7.2%, with directional funds averaging a positive return of 1.9%, while neutral strategies recorded 1.0%. Binance Research concludes that institutional preferences and the introduction of traditional structures are driving the market towards maturity, but allocators remain highly selective. Only a comprehensive verification system and operational infrastructure can truly unlock the inflow of actively managed funds.

AnomaPay disclosed on platform X that it has discovered an external security vulnerability in the RISC Zero proof system it uses, which may jeopardize user funds. To protect users and ensure the safety of funds, the risc0 validator behind Anoma has been suspended and will be upgraded by the RISC Zero team.AnomaPay stated that the funds deposited by users are safe, but they will be temporarily inaccessible until the Anoma protocol is upgraded to version V2, which includes the new security updates from RISC Zero. The upgrade is expected to take about two weeks. Although this downtime is not ideal, it is necessary to protect user funds. Users do not need to take any action; funds will be automatically migrated to V2 and access will be restored after the upgrade is completed.

The latest monitoring report released by Morgan Stanley's prime brokerage team on Tuesday shows that global equity hedge funds staged the most intense de-risking action in over a decade during the first week of November, with a widespread wave of liquidations spreading across global markets.In the Asian market, hedge funds are controlling risk exposure through a dual strategy of reducing long positions and increasing short positions, a phenomenon particularly pronounced in the tech-heavy South Korean market. The selling pressure is mainly driven by fundamental stock-picking funds, while multi-strategy, macro, and quantitative funds are taking the opportunity to close out previous short positions, indicating a clear divergence in institutional strategies.Goldman Sachs data shows that the total leverage of U.S. fundamental long-short funds plummeted by 8.7 percentage points in a single week, marking the largest decline since the outbreak of the pandemic in March 2020; however, from the perspective of all-inclusive PB clients, the overall total leverage remains as high as 314.2%, placing it in the 85th percentile over the past year. Dubravko Lakos-Bujas, Global Market Strategy Chief at JPMorgan, believes that this round of adjustment is essentially a concentrated deleveraging by momentum traders, with capitulation-style selling already quite deep, and technical indicators suggest that short-term oversold and bottoming signals are accumulating.

According to Onchain Lens monitoring, the Binance hacker has transferred or laundered nearly 900 million dollars in funds, out of an estimated total of 6.34 billion dollars in stolen funds: 891.37 million dollars may have been transferred or laundered; 2.85 billion dollars is still under the hacker's control; 2.6 billion dollars has been frozen.In the past 2 to 3 days, the hacker has been actively transferring funds through THORChain and Chainflip.

Community user @is9203029798693 posted that they invested approximately 3,000 USDT in Lista-related products through Binance Wallet, and after more than a year, they are still unable to redeem it. They have contacted customer service multiple times without resolution.Lista DAO responded on November 10, stating that the involved treasury is independently managed by a third party, MEV Capital, and is not a self-operated treasury of Lista. MEV Capital is responsible for fund management and user assets, and has already filed a lawsuit against Stables Labs. Lista DAO stated that it only provides underlying lending infrastructure and cannot directly intervene in the risk parameters of third-party treasuries, and will continue to assist in resolving the issue.

According to Ember Monitoring, Brother Ma Ji actively closed his Hyperliquid ETH long position yesterday afternoon and transferred all account funds to his address used for Papertrade.Since May of last year, he has been intensively going long on ETH almost daily. After a liquidation yesterday morning, he recharged and continued to open long positions on ETH, but actively closed his positions and emptied his account yesterday afternoon. Over the past year and a half, he has accumulated losses of approximately 37.46 million dollars.

Token Terminal data shows that since KelpDAO was attacked on April 18, the total market value of stablecoins and tokenized funds on Ethereum has dropped from 206.7 billion dollars to 168.3 billion dollars, a decline of 19%.

On November 9, the intertwined Rollup network Initia stated that the team is investigating an issue affecting the Rollup infrastructure. The team has coordinated with the relevant Rollup and implemented a temporary pause on the related network. Initia stated that no user funds have been identified as affected at this time and hopes that the relevant Rollup can resume block production soon.Initia also clarified that its L1 remains online and operational, although some services are experiencing performance degradation, including the block explorer Initia Scan. The official scope of the issue has been described as related to the Rollup infrastructure, and it confirmed that the temporary pause was taken after coordination with the relevant Rollup.

According to Elliptic, North Korea-linked Binance hackers used homemade tokens and decentralized exchange liquidity pools to transfer stolen funds, with approximately 117,000 NEAR circulating through six types of homemade meme coins, valued at around $430,000.Elliptic stated that money launderers paired new tokens with assets like NEAR to establish liquidity pools, then a group of wallets purchased tokens with the illicit funds, while another group of wallets sold the tokens back to the pool and withdrew assets to avoid direct transfers between the buying and receiving wallets.The agency discovered this method on Tron and NEAR, and found similar operations on Solana, but the latter used existing low liquidity tokens. Elliptic indicated that related transactions can still be traced through on-chain records.

Binance co-founder He Yi reminded users, "Funds from 'friends' discounted U', 'coins sent from relatives on-chain', 'money from doing business in Myanmar', 'accounts received in Cambodia', 'friends' money transferred from an account' should not be transferred to Binance." He Yi stated that Binance implements global compliance standards, and the compliance team can easily identify such funds. The relevant addresses are marked before the funds are transferred in, and after the transfer, they may be frozen by law enforcement. Such cases are usually complex and have a long processing cycle, and Binance does not have the authority to unfreeze.