Daily Market Wrap | Nov. 03

Hot Topics

• Standard Chartered CEO sees Hong Kong’s stablecoin and tokenized deposits transforming global trade, as SFC allows shared order books.
• U.S. shutdown nears record, stalling crypto bills; Senate market structure draft eyed for Thanksgiving markup amid NDAA priority.
• Balancer suffers $70.9M exploit draining 6,850 osETH, 6,590 WETH, and 4,260 wstETH, with exploiter consolidating funds and BAL token down over 5%, marking the protocol's third breach.

Market Updates

• Berachain halts its network and plans an emergency hard fork to address a Balancer V2 exploit on its BEX DEX, risking $12M in user funds, with BERA down 6%.
• Swiss crypto bank AMINA secures MiCA license in Austria to launch regulated trading, custody, portfolio management, and staking for professional EU investors.