9AM Biz Brief: Binance Hit by Hacker Attack, Freezing $3 Billion in Assets; Zhang Xue Motorcycles Trademark Returns to Zhang Xue; Nasdaq Plunges 700 Points at US Stock Close, Nvidia Loses 1.4 Trillion Yuan in Market Value

Today's Hot Topics Overview Global "stock king" changes hands again; Apple reportedly plans to launch a large-screen foldable iPad in 2028 Mbappé once endorsed a beverage, now merchants are clearing inventory, with some stores recording zero sales in a single day Operator of Japan's Muji says over 27 million user records may have been leaked; MUJI China responds that domestic data is stored independently Down payments drop to under 40,000 yuan as Tesla launches a "0% interest for 5 years" car purchase plan From November 5, fuel surcharges on domestic routes will be raised again Mr. Wild Man (Yerensir) secures first round of funding TOP 3 Major News Binance Hit by Hacker Attack, Freezing $3 Billion in Assets On October 30, Binance, the world's largest cryptocurrency exchange, disclosed a major security incident. Multiple market reports indicate its hot wallet may have been hacked, leading to the freezing of more than $3 billion in assets and a sharp drop in digital token prices. Binance said its team has noticed reports of a potential security issue and is actively investigating, and that user funds are completely safe. Binance has previously suspended withdrawals and Binance Alpha trading. Bobby Lee, founder of crypto storage company Ballet Global Inc., said the bitcoin stolen in the Binance hack is likely impossible to recover. Speaking in an interview on Friday, Lee said the bitcoin is gone for good and has all fallen into the hackers' hands. The industry describes it as the largest hacking attack in the history of the crypto sector. Binance has suspended all deposits and withdrawals and pledged to cover all losses. (Caixin) Zhang Xue Motorcycles Trademark Returns to Zhang Xue Recently, the Chongqing Intellectual Property Office disclosed that a batch of core trademarks, including "ZXMOTO," have been registered, with rights belonging to Chongqing Zhang Xue Motorcycle Industrial Co., Ltd. After multiple rounds of contention, the brand name "Zhang Xue Motorcycles" has formally returned to its founder, Zhang Xue, legally. Zhang Xue called on entrepreneurs to register their own trademarks early on to protect their brand's legal defenses. Industry experts said the experience of Zhang Xue Motorcycles reminds entrepreneurs that intellectual property protection is not a luxury after success but a necessary precaution from the very start. (CCTV Finance) US Stocks Close: Nasdaq Plunges 700 Points; Nvidia Loses 1.4 Trillion Yuan in Market Value Overnight; Intel Plunges 28% US stocks closed broadly lower on Friday Eastern Time, with tech stocks facing a sell-off. The Nasdaq fell 2.86%, its largest single-day drop since June. Nvidia fell 4.22%, single-day