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[Spot Gold Price Hits $4010/oz, Up 1.45% Intraday] The spot gold price has risen to $4010/oz, with an intraday increase of 1.45%.
**[Wintermute Denies Plans to Sue Binance, Founder Responds to Market Rumors]** Wintermute founder and CEO Evgeny Gaevoy stated on social platform X that the company has never planned to file a lawsuit against Binance and sees no reason to do so in the future. This statement aims to address recent market rumors. Previously, on October 11 (UTC+8), the crypto market experienced a large-scale deleveraging event, with approximately $20 billion in leveraged positions liquidated. Binance subsequently paid around $283 million to affected traders and launched a $400 million user compensation and low-interest loan program. Gaevoy noted that Wintermute's operations are "completely normal" but pointed out "abnormalities" in the prices of some liquidated positions. It remains unclear whether Wintermute has received compensation.
[Balancer V2 Stable Pools Attacked, Some Legacy Pools Suspended] Balancer officially confirmed that its V2 Composable Stable Pools were attacked yesterday at 15:48 (UTC+8). Since some legacy pools have been online for years and were not suspended in time, measures have been taken to suspend controllable pools and initiate recovery mechanisms. Other V3 pools and non-related pools were not affected. The team is collaborating with security researchers to investigate and plans to release a full incident report. Users are also reminded to be cautious of potential phishing information.
[CZ reminds the market is filled with a lot of FUD, advises verifying official sources] On November 4, Binance founder CZ posted on social media, stating that the market is filled with a lot of random panic-inducing messages (FUD). Currently, people are in a state of pain, tension, and anxiety. Some large players are taking the opportunity to spread more FUD for profit. He advises investors to learn to verify information and check official sources for any news.
[Ethereum Plummets on Monday Due to Network Protocol Hack] The cryptocurrency market has yet to stabilize after the liquidation storm three weeks ago. On Monday, Ethereum experienced a sharp decline due to a hack targeting its token network protocol.
[BlackRock and 30 Other Companies Participate in Tokenized Collateral Pilot Study for Money Market Funds] A report from the Global Digital Finance (GDF) organization reveals that a working group of 70 companies has completed legal research and simulation testing on the tokenized collateralization of European money market funds. Participating institutions include BlackRock, State Street, UBS, Deutsche Bank, HSBC, and 30 other companies. The report highlights that currently, 68% of collateral is still delivered in cash form, and tokenizing money market funds could enhance collateral liquidity and alleviate asset liquidation pressure. The study focuses on analyzing the legal frameworks of the UK, Ireland, and Luxembourg, assessing the impact of tokenization on fund availability, operational risks, and regulatory risks.