According to on-chain detective ZachXBT, the crypto exchange M2 was hacked yesterday and about $13 million was stolen from hot wallets on multiple chains.

The SMILE token distribution is as follows: bitSmiley DAO accounts for 26%, user incentives account for 21.5%, the team and advisors account for 12.5%, staking and liquidity account for 12.5% and 7.5% respectively, and the rest is allocated to investors, airdrops and launchpads.

The "smart money address with a 85% winning rate in the wave" began to build a large position, buying 6,748 WETH (about 16.97 million US dollars) in the past half hour, with an average price of 2,510 US dollars. So far, a total of 7,482.88 ETH has been built in this round of waves, with a total value of 18.78 million US dollars.

The TON Foundation announced the launch of a new governance model, Society DAO, which aims to promote decentralization and enhance its growing ecosystem. Society DAO will become the organizational body for core ecosystem functions, and its founding members include: TON Core (core development, upgrades and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operations), and wallets in Telegram (payment methods).

Paxos announced the launch of its second localized stablecoin product in Singapore, USDG, a Singapore-compliant stablecoin with USD reserves managed and held by DBS Bank. USDG complies with the upcoming stablecoin framework set by MAS in August 2023. As such, USDG is currently available on the Ethereum blockchain and will be launched on other blockchains as regulations evolve.

BNB Chain completed the 29th BNB quarterly destruction, destroying a total of 1,772,712.363 BNB, with a USD value of approximately US$1.07 billion at the time of destruction.

PANews reported on November 1 that according to Onchain Lens monitoring, in the past 20 hours, WisdomTree deposited 8,258 BTC worth $598.89 million and 48.83 ETH worth $125,000 to Coinbase. WisdomTree still holds 5,611 BTC worth $388 million and 16,767 ETH worth $41.9 million.

The ZetaChain status page shows that the ZetaChain mainnet network outage has been resolved and all systems are operating normally.

The ZetaChain status page posted an update at 12:23: “The cause has been identified. The network outage was caused by a new update that was rolled out to a small number of validators, which caused a consensus failure. We believe that we have identified the root cause of this consensus failure and will provide a more detailed root cause update after reproducing the problem on the development network. The current priority is to restore the normal operation of the network. We have rolled back the managed validators to version v20.0.5 of the node software and asked community members to do the same. Most members of the community have completed this operation, and currently about 60% of participants are using the correct version of the software. A small number of validators were unable to participate in voting after trying to run the version that caused the consensus outage (v20.0.6) and are currently resynchronizing from the snapshot. Once these remaining validators have completed synchronization, we expect the network to resume operation. We will provide another update in 60 minutes and hope that the network will be back to normal before then.”