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● The week in review

Weekly Recap — 27 Oct–2 Nov 2026

The week opened with regulatory momentum and institutional tokenisation pilots, then pivoted sharply when the Binance hack landed mid-week, wiping over ten percent from bitcoin's price, triggering more than a billion dollars in liquidations, and accelerating every dormant argument in Washington about offshore exchange oversight. By the weekend, the dominant question was no longer whether crypto infrastructure would be regulated but how quickly the Binance breach would be used to force the answer. The two threads — a genuine wave of institutional adoption and a genuine security crisis — ran in parallel all week, and the tension between them defined the mood.

  1. Binance hack mechanics: EIP-7702 delegation and multi-chain hot wallet drain.The EIP-7702 exploit mechanics revealed a novel attack surface across multi-chain hot wallets.31 Oct
  2. North Korean actors launder $242M of Binance loot through Tron bridges.DPRK attribution and $242M laundered through Tron made meaningful recovery essentially impossible.2 Nov
  3. RLUSD earns Moody's A2 rating and lands on Coinbase in the same week.Moody's A2 rating plus OCC charter plus Coinbase listing gave RLUSD institutional-grade infrastructure in one week.29 Oct
  4. DTCC and major banks test bringing $30 trillion in securities onto blockchain rails.DTCC piloting blockchain settlement moves the conversation from fringe to core US market infrastructure.29 Oct
  5. ICE and Trade[XYZ] partner to launch regulated Hyperliquid perpetual futures in the US.ICE investing in a regulated Hyperliquid perps bridge is the most concrete TradFi-DeFi structural link yet.30 Oct
  6. Utah files felony charges against Kalshi and its co-founders over alleged illegal sports betting.Federal-versus-state jurisdictional fight over Kalshi sets the legal boundary for all US prediction markets.30 Oct
  7. Twenty-six companies now formally object to OKX and ICE's tokenised-equity venue.Thirty-eight corporate objections make the OKX-ICE tokenised equity venue structurally unlaunchable as designed.28 Oct
  8. Ethereum client flaw patched before attackers could redirect validator rewards.A coordinated Ethereum client patch closed a validator-reward redirect flaw before it could be exploited.29 Oct