Citi explains what ’hawk’ and ’dove’ really mean as ECB faces leadership change

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• Binance says it has covered 90% of its hack losses, having set aside $6.34B+ of company funds; the remaining 10% is in less liquid tokens (Angela Christy/Reuters)

  The cryptocurrency exchange has mobilized substantial internal reserves to protect users following a major security breach. By deploying billions of dollars in company capital, the platform aims to stabilize confidence and absorb the bulk of the incident's fallout. However, a portion of the compromised assets remains unresolved due to market liquidity constraints.

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• What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

  Blockchain investigators have linked an unprecedented multi-billion-dollar breach of the world's largest exchange to TraderTraitor, an elite North Korean cyber unit. The rapid operation drained assets across ten distinct networks, prompting U.S. federal inquiries amid concerns the proceeds will fund Pyongyang's heavily sanctioned nuclear weapons program. Meanwhile, the platform has pledged corporate reserves to ensure user balances remain fully protected.

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• Stock market prediction Nov 2-6 week: Nifty, Sensex rebound from losses - Will bulls deliver a Diwali bonanza? Outlook

  Strong buying in pharmaceutical and information technology shares helped Indian equities recover ahead of the festive season. However, analysts expect cautious, range-bound trading driven by international political risks and corporate financial results. Surging global crude prices also threaten to inject further volatility into domestic sentiment over the coming sessions.

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