Cipher Digital revenue falls to $26.7 million as first AI data center rent arrives

Binance said the zero-knowledge proof for its Oct. 31 reserve snapshot is ready a day ahead of its Nov. 3 target, letting users check that 10 assets, including BTC, ETH, USDT, USDC and XRP, are backed at least one-to-one. The exchange says it has replaced about 95% of the stolen funds from its own money; the rest sits in thinner tokens outside those 10. A broader snapshot follows on Nov. 4, with its proof expected to take another 40 to 50 hours. Source: The Block

Circle said it has frozen more than $1.1 billion in USDC connected to last week's Binance theft, up from the roughly $823 million it locked in the attacker's wallet within minutes of the hack. The company has not explained the gap between the two figures. Bitcoin and ether, which no issuer can freeze, make up an estimated $2.4 billion of the stolen funds, according to TRM Labs. Source: American Banker