Oracle allocated 65% of its $10 billion share offering to the 10 investors with the largest subscriptions, according to people familiar with the matter. According to Sina Finance, demand for the offering was several times the number of shares available. Oracle shares rose as much as 5% to $125.31 in New York on Tuesday. Bank of America led the offering, with 11 other banks participating.

According to CNBC, Bank of America downgraded Marvell Technology to neutral from buy and cut its price target to $225 from $400 after Marvell agreed to acquire Lumentum Holdings in a deal valued at more than $100 billion. The new target implies 31% upside from Monday’s close. Marvell shares fell 13% on Monday after the deal announcement. Analyst Vivek Arya said the transaction could weigh on the stock because of a potentially extended regulatory process, including in China, limited earnings-per-share accretion relative to expected share-count dilution, and possible customer and channel conflicts. He also cited a recent contraction in semiconductor-sector valuations; the Philadelphia Semiconductor Index fell about 19% over the past month.

Binance has published its initial report on the October 29 security incident, revealing that attackers spent months working their way into its systems through a supply-chain compromise, fake job interviews and an internal AI tool before taking control of hot wallets. The Federal Bureau of Investigation has attributed the attack to North Korea, according to Binance. The exchange said it will absorb the financial impact of the stolen funds, not users, and has already set aside more than 100% of the amount needed.“This should not have happened, and we apologise for the concern, disruption and uncertainty it caused our users, partners and the wider industry,” Binance said.Users Fully CoveredAbout $6.34 billion in digital assets were affected, and about $2.85 billion has been frozen or intercepted so far, subject to reconciliation and price movements. Binance said 98% of the affected token assets have been replenished and can be verified on its Proof of Reserves page, and that it is buying the remaining, less liquid tokens.A Months-Long CampaignBinance described a sophisticated, multi-stage campaign rather than a single breach or a simple phishing attack.June: An engineer on the wallet infrastructure team downloaded a tampered installer while setting up a popular AI coding tool. Binance’s security team detected the problem, replaced the device and rotated credentials, but the engineer’s role and colleagues had already been exposed to the attackers.September: A second engineer was approached on a legitimate job platform by someone posing as a project director. After two rounds of interviews, including a live video call designed to build trust, he was told to download a coding “assignment” onto his work computer. It contained malware that was not detected by endpoint security tools at the time.October 20: Using the compromised computer, the attackers used an internal AI tool to reach two wallet engineers, and found a container deployment permission on one of their machines.October 29: Between 17:15 and 19:56 UTC, the attackers logged into an engineer’s computer, used stolen credentials to deploy a container and launched the attack.Binance said its security team had already detected and blocked 57 suspected North Korea-linked threats in 2026, using techniques such as fake job interviews, malicious software disguised as developer tools and fake video-conferencing apps.How the Funds Were TakenThe attackers used unauthorized access to an internal wallet signing service to start transactions outside Binance’s normal withdrawal process. Between 20:05 and 20:09 UTC, five hot wallets sent 233.46 million XRP to an attacker-controlled address. Hot wallets also sent about 970,500 SOL, 44.2 million OP and 18,270 BTC.The attackers then exploited EIP-7702, an Ethereum feature that lets an account delegate certain execution rights to a smart contract without exposing its private key. They submitted 50 signing transactions to set up malicious delegations giving an attacker-controlled contract partial control of a hot wallet.Why Containment Took HoursBinance paused withdrawals, worked with partners to freeze tokens and moved to revoke the unauthorized permissions. But the malicious delegations existed on-chain and operated independently of Binance’s withdrawal systems, so pausing withdrawals alone could not stop every transfer. Because the hot wallet used multi-party computation, there was no single private key that could instantly revoke them, and the team had to build a specialized procedure. The final unauthorized transfer, of 2,961.9 ETH, settled at 23:56 UTC, and Binance cleared the malicious delegation at 00:10 UTC on October 30.What Binance Has FixedAs of November 3, Binance said it has:Rebuilt the affected wallet system in a new environment.Rebuilt the affected internal AI tool and its access controls.Replaced affected devices and retired related credentials.Completed enhanced security scans across all employee devices.Strengthened AI-based anomaly detection and wallet risk controls.Next StepsBinance is engaging independent cybersecurity firms to review the incident and validate its findings, increasing investment in AI-based security, and working to set up a security research fund with AI companies and security firms focused on AI security in blockchain. “Security improves when the industry learns together,” the exchange said, adding that some technical details will remain confidential to avoid helping future attackers.

New Jersey Governor Mikie Sherrill warned port and terminal operators against accepting Russian diesel shipments authorized by US President Donald Trump’s administration, arguing the imports would violate federal law, according to Bloomberg. She said at least one tanker carrying the fuel may be headed for the state.

We need to assess whether the Binance hack is a short-term shock or a long-term threat by examining its business model, corporate culture, and pricing.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

From the elderly woman who made 500 million views in a stand-up comedy show to the AI ​​digital human that was taken down, Yu Jisheng dissects the bottom line for ordinary people to use AI to create IP, the methodology for creating hit products, and three monetization signals.

In just half an hour, Li Jiaqi's livestream sold nearly 100,000 Qianwen Office Monthly Cards, corresponding to approximately 2 trillion Tokens, marking the first time AI computing power has been made available to the general public.

According to calculations by JPMorgan Chase and Goldman Sachs, a Democratic sweep of both houses of Congress is the only scenario that would be detrimental to US stocks, with the AI ​​sector bearing the brunt.

The Hyperliquid ecosystem's first L2 network, Elysium, is about to launch its mainnet. PANews has compiled a list of 29 projects that have already joined the network, covering DeFi, LaunchPad, NFT, gaming, and prediction markets.

Alibaba sold 100,000 monthly office cards priced at 0.01 yuan each, using subsidies to acquire users, while the price of upstream tokens is rising.

Elliott warned that the US deficit, inflation, private credit, and AI bubble are all overlapping, and almost all bear market warnings have been sounded.

Warsh reduced the number of annual FOMC meetings from eight to six, indicating that the Federal Reserve is shifting from data-dependent practices back to a rules-based framework.

North Korea has rejected allegations that it was behind the $6.3 billion cryptocurrency theft from Binance, pushing back against the FBI's attribution of the record-breaking attack to a North Korean-linked hacking group.