Porto score three goals in the final 20 minutes of the game to pull away and seal a comfortable victory against Napoli, who are unable to match their Portuguese opponents in the second half.
MATCH REPORT: Champions League – Porto 4-1 Napoli
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Victims of the Oct. 29 hack that stole approximately $6.3 billion in digital assets from crypto exchange operator Binance will be made whole using company funds, the exchange operator announced the day after the hack.
Richard Teng, Co-CEO of Binance, said in a video statement posted on X that the company has already used $5 billion to purchase the affected digital assets, including USDC, USDT, BTC, and others, through market and over-the-counter purchases.
“Most of what we earn from day-to-day operations is held in crypto assets and then is reinvested into the business and security,” he said. “Because we believe in crypto and the long-term value of this industry, this is precisely why we are able to absorb a loss of this size immediately with our own money.”
Binance plans to release a full proof-of-reserves report by Nov. 2. Until then, it has paused withdrawals to investigate, rebuild, and retest its entire infrastructure. The move has frozen an estimated $3 billion in digital assets, including $2.3 billion in stablecoins such as USDT and USDC, according to CoinDesk.
Binance initially said the hacker gained access to its system via a compromised laptop belonging to a DevOps engineer, but further investigation revealed that the hot wallet hack, which is used for regular transactions, was far more complex and involved multiple breach points.
“The attacker used a self-destruct mechanism that destroyed tooling and tracers as they ran, which makes it more difficult for us to trace and investigate,” said Teng. “The attacker used a known multi-signature protocol, EIP 7702, to obtain on-chain execution approval of a hot wallet. The delegation did not pass through our normal approval controls.”
“The attacker sold about 325 million USDT to market makers within minutes of receiving it,” said Ari Redbord, global head of policy at TRM Labs. “This shows how quickly stolen funds can reach unsuspecting counterparties.”
CFOs of firms with stablecoins frozen by Binance should prepare to prove that the frozen assets belong to their companies by providing copies of account agreements, every deposit and withdrawal address, transaction hashes, statements, and approval logs.
“Treasury should own that file, and copies should live on your own systems, since a custodian’s platform can go dark during an incident,” said Redbord. “When issuers like Tether and Circle freeze funds, the paper trail decides who gets them back.”
He also suggested that every corporate treasury have its custodian commit to five things in writing: a set time to inform you of an incident, clear legal title to the company’s assets that is separate from the custodian’s title, reviewable insurance and audit controls, systems divided by chain and wallet type, and round-the-clock cooperation with stablecoin issuers and law enforcement.
“This hack showed what that cooperation can do, because issuers froze about $2.7 billion within hours,” said Redbord. “Test it before you need it.”
Rob Daly writes about the economy and fintech. You can reach him at rdaly@gfmag.com
WASHINGTON — After spending a month asking voters to treat the midterms as a vote on him, President Trump closed his monthlong campaign sprint on Monday sounding like a man bracing for defeat.
“For some reason, the sitting president doesn’t win the midterms,” Trump said. “But we gave this a very strong shot.”
Still, Trump said he hopes Americans are “ready to do the right thing” and insisted that Republicans could hold on to Congress if voters who buoyed his 2024 victory turn out again. He urged voters to do so, calling this election “the most important midterm, I believe, in our lifetime.” The alternative, he warned, will be a “radical agenda” in Washington as he finishes his last two years in office.
“With your vote, we will decide if these extremists will be given power or not,” Trump said, claiming that the Democratic Party has “nominated the most extreme and dangerous slate of candidates in American history.”
The message capped a dizzying campaign push in which Trump made himself the focus of the midterms as he held dozens of rallies in mostly Republican states. In those rallies, he promised $5,000 checks and brighter days ahead to Americans who vote to keep Republicans in control of Congress. But heading into Tuesday, most polls are predicting a Democratic wave amid a voter backlash to Trump’s handling of the economy and a war in Iran.
Democrats are heavily favored to retake power of the House and are leading in all the key states that would be the likeliest to decide which party will control of the Senate, according to a New York Times/Siena University poll released Sunday. But polling can be flawed, as evidenced by forecasts that underestimated Trump’s support in the 2016 and 2020 elections.
Trump’s approval rating is near historic lows this time around, the poll found. A separate NBC News poll released Sunday found nearly two-thirds of voters are seeking a change from the direction Trump is leading the country.
This year, early voting has already seen strong turnout, outpacing the last midterm election cycle, a trend that could mean bad news for Republicans. If a Democratic surge materializes, party leaders have vowed to use their potential congressional powers to investigate Trump and his family’s business dealings, with a focus on alleged corruption and economic harm to the American people.
Trump told Fox News on Sunday that if Democrats win control of both chambers he will “become Mr. Veto” and “make deals” with them, but hopes he won’t have to “worry about that.”
On the eve of the election, Trump’s message once again seemed to acknowledged that possibility, but his focus was largely focused on the numerous beautification projects his administration is leading in the nation’s capital.
President Trump holds up an image of algae in the Reflecting Pool as he delivers remarks Monday.
(Andrew Harnik / Getty Images)
His final pitch to voters was made in front of the Lincoln Memorial Reflecting Pool, a landmark his administration has spent months trying, and at times failing, to repair. For the first 20 minutes, he did not mention the election at all. Instead, he flipped through photos of the damaged pool, describing in detail how crews resurfaced and re-caulked its granite, and worked to address the “tremendous algae” that covered the pool.
“Look, it is not an easy thing. The algae is brutal. It forms easily and I don’t think you’ll see too much,” Trump said as he showed a picture of the algae layered over the water. “The green, that’s not grass, that’s algae. It took over the entire pool.”
The renovation has not gone as promised. When he took on the project in April, he said contractors he knew would refinish the pool within weeks for about $1.5 million. The work wrapped up behind schedule at more than 10 times that cost, after algae blooms and a peeling blue liner forced crews to drain it again in July. Trump blamed vandals for the issues, but federal prosecutors in Washington attributed the problems to shoddy workmanship.
Trump spent time listing numerous other renovation projects around the capital, arguing that the construction work shows how his presidency is delivering for the American people.
“Our country is strong, respected and prosperous once more and our capital is cleaner and safer and more spectacular than ever,” Trump said.
His focus on renovation projects drew the attention of Democrats, who argued his message was out of touch with what American voters want from leaders now.
“This is just [what] the median voter wants to hear — an update on various capital improvement projects in the District of Columbia,” Ashley Schapitl, a former Biden Treasury official, posted on X.
It was not the first time Democrats had poked fun at the president’s for being too focused on construction projects. At a rally last week, former President Obama said Trump “should be on HGTV,” ridiculing his ballroom project and the changes he has made to the Rose Garden and the Oval Office.
“He has the White House looking like Saddam Hussein opened a Cheesecake Factory,” Obama said. “There’s just gold everywhere.”
Trump has bristled at such criticism, insisting that renovations relax him and that he gets them done quickly.
His message on Monday struck a similarly dismissive tone as in other campaign events. Even as voters say they are struggling with the cost of living, Trump has insisted the economy is “booming” and brushed off higher gas prices as a “very small price to pay” for the war in Iran.
The contrast was on display over the weekend at a glitzy Halloween party at Mar-a-Lago, the president’s private club in Florida. As hundreds gathered in the club’s ballroom, eating Alaskan king crab and caviar, Trump showed off the crowd to reporters.
“Look at all my rich members,” Trump told reporters. “They spent all day getting ready. Look at these guys.”
Arsenal win at Anfield for the first time since 2012 to earn a three-point lead at the top of the Premier League table following an end-to-end match that leaves Liverpool frustrated to have taken nothing.
MATCH REPORT: Premier League – Liverpool 0-1 Arsenal
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Christian Pulisic, Adrien Rabiot and Diego Moreira score in the first-half to help AC Milan to a 3-1 victory over city rivals Inter Milan in the first Milan derby of the season in Serie A.
MATCH REPORT: AC Milan 3-1 Inter Milan
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North Korean leader Kim Jong Un presided over a major exhibition of uncrewed aerial vehicles (UAVs) on Thursday. A mockup of an apparent new large stealth drone was displayed prominently alongside an increasingly diverse collection of reconnaissance drones, armed UAVs, loitering munitions, and small attack drones. While there is no evidence that North Korea is capable of getting a stealthy flying-wing drone flying, let alone operating as a operationally relevant low-observable platform, there are no doubts that the country has an increasingly impressive uncrewed aircraft arsenal, with the smaller, lower-end types being of greatest importance.
As for the “stealth drone,” photographs released by North Korean state media show a mockup of a tailless flying-wing design. In terms of appearance, there are clear parallels with advanced uncrewed combat aerial vehicles (UCAVs) developed by the United States, China, and Russia.
However, huge questions remain as to what degree the mockup is part of a realistic program. We have no details of the program’s development status and planned capabilities. It is highly questionable if Pyongyang is able to produce a functional prototype. Even if it can get it into the air, there is no evidence that it possesses the capabilities to master meaningful stealth technologies, let alone the command-and-control functions and other elements needed for it to operate in a tactically relevant manner.
The exhibition, titled Unmanned Aeronautical Technology Development-2026, was held on Thursday, with images published by the ruling Workers’ Party newspaper Rodong Sinmun today. Kim called for the country to achieve “absolute superiority” in drone technology and announced unspecified measures to accelerate the development of uncrewed aviation systems and military artificial intelligence.
The mockup of the new aircraft was positioned prominently in the exhibition hall, suggesting that Pyongyang considers it at least indicative of its broader ambitions.
Based on the available photographs, Hong Min, a senior research fellow at the Korea Institute for National Unification, interviewed by NK News, estimated the wingspan at roughly 56 to 66 feet and its height at around 10 to 11.5 feet. Standout features include a dorsal air intake, a relatively large center fuselage section integrated into the flying wing, and retractable tricycle landing gear.
In terms of general arrangement, there are similarities to Northrop Grumman’s X-47B, the U.S. Navy’s experimental carrier-based UCAV. There are also visual similarities with China’s GJ-11 Sharp Sword and Russia’s S-70 Okhotnik, two other large flying-wing UCAV designs.
At this point, North Korea has not provided any technical information about the aircraft’s propulsion system, payload, intended mission, or flight performance.
Critically, while the external shape is consistent with a stealthy UCAV, a flying-wing configuration on its own is only one part of a far more complex puzzle in achieving a genuinely low radar signature. Other factors include the engine inlet and exhaust arrangements, radar-absorbing materials, surface treatments, manufacturing tolerances, and the alignment of individual edges and surfaces, low probability of intercept communications and much more.
Overall, there are many good reasons to be extremely cautious about North Korea’s apparent ambitions in this area.
Iran is another country that has displayed a drone that resembles an advanced Western stealth platform, without actually reproducing its capabilities. It has, however, gotten a UCAV-lookalike into the air.
After recovering a U.S. RQ-170 Sentinel reconnaissance drone that came down inside Iranian territory in 2011, Tehran announced that it had successfully reverse-engineered the aircraft. In 2014, Iranian authorities displayed what they presented as a domestically produced copy of the American drone, claiming that it would soon undertake a test flight.
Outside observers questioned whether the displayed aircraft was anything more than a non-functional replica, noting apparent shortcomings in its construction and the use of components inconsistent with a sophisticated operational aircraft.
Iran subsequently presented a family of aircraft derived from the RQ-170 concept, including the Shahed-171 Simorgh and the smaller Shahed-191. Iran has demonstrated flying examples of these designs, but they fall far short of replicating the RQ-170’s actual low-observable qualities, let alone its sensors and avionics.
In the case of Pyongyang, however, the possibility of Russian assistance is at least worth considering.
North Korea’s burgeoning military relationship with Moscow, including the deployment of North Korean troops to support Russia’s war in Ukraine, could provide a chance for the exchange of technical knowledge and operational experience from Moscow. Russia has developed and flown the S-70 Okhotnik UCAV, exposing it to some operational trials in Ukraine, and could have passed related information on to Pyongyang.
In particular, North Korea would welcome Russian assistance in developing and manufacturing propulsion, flight control, sensor, and materials technologies.
However, there is so far no proof of technology transfer from Russia. Even if it were to be provided, it is far from clear that this would suffice to get a true UCAV into the air anytime soon, although an Iran-style knockoff with far reduced capabilities cannot be ruled out entirely. It’s also worth noting that Russia’s own UCAV program has been anything but a smooth and rapid advancement to an operational state.
Overall, the new flying-wing concept does not represent a realistic technological undertaking — at least for now. Very few countries have managed to develop and fly drones in this class, and fewer still have been able to field them operationally.
The flying-wing aircraft was only one part of a much larger display. More than 30 types of UAVs reportedly appeared at the exhibition, reflecting North Korea’s efforts to diversify its uncrewed aviation capabilities.
Some of these designs had been seen before, including the Saetbyol-4 and Saetbyol-9. These were first displayed in 2023 and are, in terms of appearance, clones of the U.S. RQ-4 Global Hawk and MQ-9 Reaper, respectively.
Imagery released of the Saetbyol-9 showed it carrying — and firing — several types of air-to-ground weapons. These include a Hellfire-like laser-guided missile, along with smaller rockets and other possible guided munitions.
Other exhibits included loitering munitions resembling Israel’s Harop and Russia’s Lancet, as well as smaller drones with configurations similar to the U.S.-made Switchblade family.
Hundreds of small quadcopter drones were also displayed on storage racks. Some appeared to carry cylindrical containers associated with fiber-optic control systems, a technology that has become increasingly prominent in the Russia-Ukraine war. Unlike conventional radio-controlled drones, fiber-optic systems are largely immune to conventional radio-frequency jamming of their control links. These drones would be a major feature in a cross-DMZ conflict.
North Korean interest in artificial intelligence was another recurring theme. Kim called for the development of increasingly intelligent uncrewed weapons, although there is no indication of how advanced the country’s existing autonomous navigation, target recognition, or engagement systems actually are.
The exhibition was accompanied by live-fire demonstrations involving UAVs, cruise missiles, and multiple rocket launchers. North Korean state media claimed that missiles launched from drones and other systems struck an island target “with 100 percent accuracy.”
North Korea’s rapidly expanding interest in drones should also be seen against the shortcomings of its aging crewed combat aviation fleet. Relatively inexpensive UAVs offer opportunities for reconnaissance and attacks against military infrastructure without exposing pilots to enemy air defenses. At the same time, Pyongyang has failed to introduce new crewed combat aircraft to modernize its air force, the capabilities of which are thoroughly outmatched by those of South Korea.
The war in Ukraine (as well as lessons from conflicts in the Middle East) also provides Pyongyang with an opportunity to study the use of drones on a large scale. North Korean troops deployed to Russia will have gained first-hand experience of drone warfare, including the integration of reconnaissance UAVs, FPV attack drones, and electronic warfare systems.
That experience could help accelerate the development of North Korea’s own uncrewed platforms, particularly relatively simple systems that can be produced in large quantities.
An attack drone in the Shahed/Geran class, for example, could be produced relatively easily in very large numbers (and that is likely already happening to some degree) and could saturate South Korean air defenses, which are generally tailored to address more conventional threats. North Korea doesn’t need the long range that the Shahed/Geran typically provides, since many of its primary targets are much closer. The shorter distances involved could permit a greater proportion of a drone’s weight to be allocated to its warhead, depending on the design. Alternatively, a drone with the roughly 1,000-mile reach of the Shahed/Geran could fly a very complex route to reach targets in the South, including approaching via the coast. At the very least, expanding North Korean efforts in this area could tilt the balance of power on the peninsula, providing Seoul with a major interdiction problem and forcing the development of new countermeasures, such as directed-energy weapons and cheap interceptors.
The possibility of Russian assistance via its own Geran development effort is likely bringing enhanced technologies within reach of North Korea. Indeed, that kind of expertise is already being gained by tens of thousands of North Korean workers who have been sent to Russia as additional labor for its drone-production efforts.
And once again, it’s these one-way attack munitions and smaller drones that can be mass-produced and rapidly iterated upon that pose a real threat to South Korea. It is likely that North Korea will continue to ramp-up its investment in these systems, building them in very large tranches in order to create an asymmetric advantage — one that has proven challenging to counter in real conflicts around the globe. At the same time, they will also continue to build high-tech-looking clones of far more advanced systems which will have little tactical or strategic impact but work well for propaganda purposes.
Contact the author: thomas@thewarone.com
Wilda Leidhammar scores the only goal as Birmingham secure their first win of the WSL season, beating bottom club Charlton Athletic 1-0 at St Andrews, as the away side’s wait for a first point of the season goes on.
MATCH REPORT: Birmingham 1-0 Charlton
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Maisie Symonds scores a “goal of the season” contender to help Brighton beat West Ham 3-0, securing just their second league win of the season in the Women’s Super League.
MATCH REPORT: Brighton & Hove Albion 3-0 West Ham United
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Samoa score 14 unaswered tries as they thrash Wales 76-0 to secure their first win in Pool A at the 2026 Women’s Rugby League World Cup, whilst the result leaves Wales with two defeats from two.
MATCH REPORT: Samoa run in 14 tries to thrash Wales at World Cup
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Earnings Call Insights: Vitec Software Group AB (VITBF) Q3 2026
CEO Olle Backman framed Q3 as steady execution, saying, “the highlights for the quarter, of course, continued to grow at 15% in total sales” and adding that “EBITDA also up 15%” while “cash EBIT… was up 13%.”
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
Real Madrid maintain their 100 per cent start in the Champions League as they comfortably beat Leipzig 4-1, with Bernardo Silva scoring his first goal for Madrid since moving from Manchester City in the summer.
MATCH REPORT: Champions League – Real Madrid 4-1 RB Leipzig
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Canada fight back to beat England 24-21 in Toronto in the opening match of the WXV Global Series, with Shoshanah Seumanutafa’s 77th-minute try ending the Red Roses’ unbeaten run, stretching back to the 2022 Rugby World Cup final.
WATCH MORE: Rugby Union video on BBC Sport
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Australia beat New Zealand 24-22 in a dramatic Rugby League World Cup opener in Sydney, with debutant Jack Bostock scoring a hat-trick to see the hosts snatch victory late on.
READ MORE: Australia edge New Zealand in epic World Cup opener
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With Man Utd v Spurs, Arsenal v Leeds and Chelsea v Bournemouth as the top flight returns
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