Crypto News

Binance says a security incident on 29 October involved about $6.34 billion in digital assets. Its preliminary account describes a multi-stage attack that began with a malicious software package and a fake job interview, which led an employee to install malware. Stolen credentials and a compromised internal AI tool then gave attackers access to wallet-signing operations. They moved BTC, SOL, XRP, OP and ETH, using Ethereum’s EIP-7702 authorization feature to bypass normal withdrawal controls. Binance says about $2.85 billion in assets had been frozen or intercepted. It reported that 98% of affected token assets had been replenished, while it continued sourcing the remaining illiquid assets. The exchange says it will cover losses, has rebuilt affected systems and revoked credentials, and commissioned an independent security review. The FBI has attributed the attack to North Korea’s TraderTraitor group, according to Binance; the investigation is ongoing. The Binance security incident could keep attention on exchange custody and operational security, although reported recovery efforts may help limit further market concern.

US spot Bitcoin ETFs recorded $398.6 million in net outflows on November 2, according to Farside Investors, close to the roughly $399 million reported by SoSoValue. BlackRock’s IBIT saw about $405.3 million in redemptions, partly offset by $6.7 million in inflows to Fidelity’s FBTC. The outflow followed $643.2 million in net withdrawals on October 30. Spot Ethereum ETFs also posted $140 million in net outflows, despite Morgan Stanley’s MSSE adding $3.15 million. The Bitcoin ETF withdrawals were concentrated in IBIT rather than spread evenly across issuers. ETF flows track creations and redemptions; they do not reveal investors’ motives or prove that fund holders sold crypto on the open market. Traders may watch whether outflows persist, broaden across funds and coincide with changes in spot-market liquidity. A single session is not enough to establish a lasting demand trend or predict prices.

US stock futures were mixed on Tuesday as investors weighed midterm election uncertainty, AI spending concerns and upcoming AMD earnings. Dow futures fell about 0.7%, S&P 500 futures lost 0.2%, while Nasdaq-100 futures edged higher. The Nasdaq 100 had entered correction territory after falling 10.4% from its October record. Apple shares dropped about 4.5% in premarket trading despite record quarterly revenue of $114.48 billion, as investors focused on rising memory-chip costs and potential pressure on holiday-quarter margins. Palantir fell about 6.3% despite better-than-expected results and an upgraded revenue outlook; slower growth in US commercial contract value raised questions about the durability of its AI-driven expansion. The selloff reflects broader concerns that large technology companies may not earn sufficient returns on heavy AI infrastructure spending. The 10-year Treasury yield was near 4.94%, adding pressure to technology valuations and financing costs. Investors were also watching the US midterm elections and AMD’s results after the closing bell for signals about AI-chip demand and market sentiment.

Kraken opened funding and trading for EUR CoinVertible (EURCV) on Nov. 3, 2026. EURCV is a euro-pegged stablecoin issued by Societe Generale-FORGE (SG-FORGE), the digital asset subsidiary of Societe Generale. It is issued as an e-money token under the EU’s MiCA regulation and, according to SG-FORGE, is backed 1:1 by euro-denominated collateral held in segregated accounts. The issuer publishes daily collateral reports. The Kraken listing gives traders another venue to access EURCV. Deposits must use networks supported by Kraken; availability may vary by region. Trading through the Kraken app and Instant Buy will begin once liquidity is sufficient.

Strategy has begun paying daily dividends on its Nasdaq-listed STRC preferred stock after shareholders approved the change by 99.3% on October 28, 2026. The plan was outlined in an October 16 filing, which set conditional November record dates. STRC’s annualized dividend rate is 12% for November, equivalent to about $1 per share for the month. Daily payments change the timing, not the total dividend, and do not guarantee daily compounding or alter existing investor protections. Strategy says the schedule may reduce price swings around ex-dividend dates and make STRC more attractive as a source of Bitcoin treasury financing. Its other preferred stocks, STRF, STRK and STRD, are expected to move to daily payments from January 1, 2027. For traders, the arrangement may support Strategy’s fundraising, but it does not remove the risk that dividend payments depend on the company’s ability to raise capital. The financing strategy remains closely tied to its Bitcoin holdings, and the recurring cost could weigh on Strategy if Bitcoin prices weaken.

Moon Pursuit Capital founder Utkarsh Ahuja says Bitcoin has likely reached its cycle bottom and may be starting a gradual recovery, though he expects intermittent corrections rather than a straight rally. He cautioned traders against reading too much into US midterm election results, saying liquidity, interest rates and the cost of capital matter more to Bitcoin’s direction. A US jobs report and the Federal Reserve’s December rate decision are key near-term tests. Ahuja also highlighted risks from restrictive monetary policy: US third-quarter growth was 3.4%, September annual PCE inflation was 3.6%, and the Fed held rates at 3.75% to 4% in October. Separately, Binance saw about $5.3 billion in net outflows after an October 29 hack, while OKX and Bybit reported inflows. Ahuja said those flows could reflect diversification, but traders should watch whether confidence concerns spread beyond Binance. Geopolitical tensions involving Iran could also push oil prices higher and keep pressure on risk assets, including Bitcoin.

The CFTC has cleared a path for equity perpetual futures to be listed on qualifying U.S.-regulated exchanges, extending a derivatives product popular in crypto markets to individual stocks. Under Commission Regulation 40.3, the contracts were deemed approved as security futures. A qualifying exchange must be registered with the CFTC and meet the SEC registration and authorization requirements for trading security futures. No exchange, contract or launch date has been announced. Equity perpetual futures have no expiry date. Periodic funding payments help keep their prices aligned with the underlying stocks. The move follows the CFTC’s May approval of Kalshi’s bitcoin perpetual, BTCPERP, and subsequent launches of gold and silver perpetuals. The agency says U.S. listings could give traders a regulated alternative to offshore venues. The decision may face legal scrutiny. CME Group argues that funding-based perpetual contracts should be classified as swaps rather than futures. Equity listings also bring SEC oversight into focus. For crypto traders, the development signals a broader push to bring perpetual futures under U.S. derivatives regulation, but it does not directly change the rules for any announced equity product or establish a launch timeline.

The NASDAQ fell 5.3% in October, its worst monthly performance since March 2025, after a sharp late-month selloff. AI and neocloud stocks including CoreWeave, Nebius and IREN dropped more than 35%, amid concerns about debt and a worsening industry outlook. The article warns that the tech-sector decline may reflect broader market vulnerabilities. The Shiller P/E ratio is near levels last seen during the dot-com boom, while the author says equities offer no risk premium over bonds. About 60% of S&P 500 stocks are in a “stealth bear market,” defined as trading at least 20% below their 52-week highs. For traders, the combination of high valuations, weak market breadth and pressure on AI-related stocks points to elevated volatility and potential downside risk if selling spreads. The article focuses on equities; it does not report a direct cryptocurrency market development.

The tech selloff continued into November, with the Nasdaq 100 about 10% below its record high set on October 6. However, broad market trading did not show signs of a widespread flight from risk: on Friday, S&P 500 gainers and decliners were nearly even, while oil companies and consumer staples rose. On Monday, the Dow advanced and the equal-weighted S&P 500 gained 0.8%. The tech selloff appears to reflect a rotation away from expensive market leaders and towards value stocks, rather than a broad retreat from equities.

Robinhood says it is measuring Robinhood Chain’s long-term success by stock-token growth and total value locked (TVL), not by maximizing transaction fees. CFO Shiv Verma said the chain generated about $50 million in fees and $25 million in net revenue in the third quarter, but those figures are not the team’s primary goal. Daily network fees fell more than 99% from a September 4 peak of about $8.27 million to roughly $30,000–$40,000 by mid-October, while spot trading volume remained above $600 million–$700 million a day. The decline followed reduced congestion from meme-coin launches and higher gas limits. CEO Vlad Tenev sees real-world assets (RWAs), especially tokenized stocks, as the chain’s main opportunity. Robinhood wants to make stock tokens programmable and support more complex products, including tokenized options and DeFi perpetuals. Lighter and Arcus, both strategic investments, are among the protocols active in the perpetuals market, whose daily trading volume exceeds $1 billion. Lighter allows users to use Robinhood Chain stock tokens as perpetual-futures margin; Priors accepts them as collateral for larger USDG borrowing limits. A major constraint is that stock tokens are not currently available to Robinhood’s core US customers, who account for only about 1%–2% of on-chain trading volume. Tenev welcomed the SEC’s proposed innovation exemption and said more US tokenization plans would be announced soon. The company’s direction suggests it may favor projects that use stock tokens as collateral or underlying assets over launchpads dependent mainly on speculative-token fees.

The US 10-year Treasury yield rose to about 4.937% on November 3, up from roughly 4.91% a day earlier, as investors weighed AI-sector financing risks and uncertainty over the US midterm elections. The yield had topped 5% in late October and reached about 5.35% during that selloff. Higher Treasury yields can raise borrowing costs for companies and reduce the present value of future earnings. That puts pressure on AI-related businesses investing heavily in data centres, chips and power infrastructure. Investors are scrutinising how companies such as Oracle and Alphabet will fund expansion, while CoreWeave’s elevated bond yields point to increased credit risk concerns for some leveraged AI firms. Election results could alter expectations for government spending, deficits and regulation, but historical data shows no consistent midterm-related pattern in Treasury yields. Inflation, Federal Reserve policy and corporate financing needs may have a greater influence. For crypto traders, higher Treasury yields can weigh on risk appetite, although the article reports no direct move in cryptocurrency prices.

NEC and Ava Labs have signed a memorandum of understanding to explore biometric identity verification alongside stablecoin payments on Avalanche. The proposed system would let tourists in Japan verify their identity and pay merchants with one approval. It is still in an exploratory phase; no product has launched. The design uses NEC’s FaceVC credentials and a three-chain Avalanche architecture: a permissioned chain for identity registration and revocation, a dedicated chain for stablecoin payments, and Avalanche’s public C-Chain for rewards. Raw biometric data would remain off-chain, with only verification proofs and limited transaction data recorded on-chain. The initial target is inbound tourism. Japan received 42.68 million international visitors in 2025, while its Payment Services Act provides a regulatory framework for stablecoins as electronic payment instruments. The partnership could eventually extend to financial identity checks, cross-border services and AI agent authentication. For Avalanche, the proposal highlights its multi-chain capabilities, but any market impact remains limited until a proof of concept or commercial rollout is announced.

Bitcoin’s price is likely to remain more sensitive to borrowing costs, the US dollar and global liquidity than to US midterm election results, according to Ryan Kirkley, co-founder and CEO of Global Settlement Network (GSN). Bitcoin traded near $77,302 on Tuesday after recovering above $77,600. Kirkley said election headlines may cause short-term volatility, especially when traders anticipate crypto-friendly regulation. But high borrowing costs, a stronger dollar or declining risk appetite could outweigh a favorable vote and pressure Bitcoin and other risk assets. He said institutional interest in crypto is increasingly tied to practical uses, including cheaper cross-border payments, faster settlement and putting financial assets on blockchain networks. For adoption to grow meaningfully in 2027, he argued, regulatory clarity will matter more than election outcomes. Kirkley expects Congress to make another serious attempt at crypto market structure legislation in 2027. Key unresolved issues include which digital assets are securities, the CFTC’s authority and rules for platforms handling traditional and tokenized assets. He said clear, workable requirements for custody, settlement and ownership may be more valuable than a broad bill that cannot pass.

Microsoft, Oracle, Alphabet and Meta have lined up more than $60 billion in bond sales in roughly a week to fund AI infrastructure, including data centres, chips and power. Microsoft issued $25 billion in investment-grade bonds, its first bond sale since 2017. Oracle completed a $10 billion tranche as part of a broader $20 billion plan, while Alphabet sold €6 billion, worth about $6.7 billion. Meta has signalled plans to issue $20 billion in bonds during November; that amount is not yet final. The deals reflect how AI investment is outpacing some companies’ internal cash flows. Cloud and data-centre firms have issued $368 billion in debt so far in 2026, more than six times the pace of the previous year. Global bond sales reached a record $6.61 trillion through late October. Demand has generally been strong, but some new tech bonds have weakened in secondary trading. The wave of Big Tech bond sales could test investor appetite for AI-related debt, with Meta’s planned offering the next key indicator.

Iranian official Mohsen Rezaei said the US response to Iran’s rights and demands was unconvincing. He called on Washington to respond fully and clearly to Iran’s seven conditions and take concrete action. Rezaei said the Strait of Hormuz would reopen only if those demands were met. The comments signal continued tension between Iran and the US, with potential implications for regional security and energy markets.

Binance says hackers used fake job interviews to compromise employee devices and steal cryptocurrency. Reuters reported that Binance did not disclose when the attacks occurred, how much was stolen or which assets were affected. The later account adds that recruitment messages, coding tests and software downloads may be used to gain access to staff systems, though it gives no further details about the devices involved. The incident highlights cybersecurity risks for crypto exchanges. Traders should watch for official Binance updates, but no direct impact on a specific token has been confirmed.

Meta is returning to the dollar bond market after six months to help fund its artificial intelligence infrastructure. The company plans to raise at least $20 billion across US and European markets, with a separate report putting the dollar bond offering at $15 billion. The sale is divided into five tranches, with maturities of five to 30 years; initial guidance for the longest-dated bonds is about 2.5 percentage points above US Treasury yields. Citigroup and Morgan Stanley are underwriting the issue. Meta raised $25 billion in April, when peak orders reached $96 billion. Since then, demand for AI-related debt has cooled and investors have sought higher yields to offset risk. The bond sale highlights the scale of AI spending in the tech sector, but has no direct link to cryptocurrency prices.

US stocks opened mixed on 3 November. The Dow Jones Industrial Average fell 0.46%, while the Nasdaq Composite rose 0.16% and the S&P 500 slipped 0.07%. The early moves show a split across major US stock indexes, with no broader market direction established by the figures alone.

FLOP Labs, founded by Arthur Hayes, opened its verified AI inference devnet to builders on November 3, 2026. Developers can use a block explorer, test-token faucet, public API, MCP interface, SDKs and CLI to test inference sessions and inspect settlement records. FLOP’s Proof of Inference system is designed to record evidence that registered AI workloads ran as specified, allowing sessions to be challenged. It does not establish that an answer is accurate, safe or useful. The network is a resettable development sandbox, and its test FLOP has no value, earns no rewards and provides no airdrop eligibility. There is no live FLOP token to trade. The launch gives developers a chance to test FLOP’s AI inference and settlement tools, but it is not a token launch or a market catalyst. A broader testnet remains a separate provisional track, with a Q1 2027 mainnet window as a target.

Chia is partnering with stablecoin provider Brale to help developers integrate Brale’s fiat-backed stablecoins into applications on the Chia blockchain. The integration is intended to streamline on- and off-ramps, cross-chain transfers and stablecoin issuance and redemption, while providing custody, reserve management and compliance controls. The companies say the collaboration combines compliance and security features with predictable transactions supported by Chia’s coinset model. Chia builders can also use recent improvements to Chia Asset Tokens (CATs) to create and trade on-chain assets. The partnership aims to make it easier for enterprise applications and real-world assets to connect with traditional finance. No launch date, supported stablecoin tickers or financial terms were provided.

TRON Proposal 108 took effect on November 2 after approval by the network’s Super Representatives. The upgrade enables network parameter 102, introducing an optimized storage feature for the TRON Virtual Machine (TVM) intended to improve smart contract reliability. The proposal received 26 recorded approvals, above the 18-approval threshold required among TRON’s 27 active Super Representatives. Node operators were instructed to install GreatVoyage-v4.8.2.4 before activation. The change does not directly affect TRX supply, staking rewards or transaction fees. It may support confidence in TRON’s infrastructure, but any longer-term benefit depends on developers’ adoption and network activity. TRON reported about $2.21 trillion in stablecoin settlement during the third quarter of 2026. TRX rose around 2% in 24 hours to near $0.32 on November 3, but remained down more than 4% over the month. Traders are watching resistance near $0.325; a sustained break could put $0.33 and $0.34 in focus. Support around $0.314–$0.316 is a key downside level, with $0.30 a possible target if it fails.

New Jersey has rescinded its 2023 cease-and-desist order against Coinbase staking, lifting the state’s restriction on new deposits and withdrawing a proposed $5 million penalty. The bureau did not rule on whether Coinbase staking is an unregistered securities offering, and the action was taken without prejudice, leaving the possibility of future enforcement open. Coinbase CEO Brian Armstrong said New Jersey users would regain access soon, but no reopening date has been announced and the state remained listed as restricted on the exchange’s eligibility page. Existing stakers could continue earning rewards during the restriction but could not add funds or compound rewards. Coinbase estimates residents missed about $15 million in rewards. New Jersey is the sixth of 10 states involved in the 2023 coordinated action to step back. California, Maryland and Wisconsin still restrict new Coinbase staking, while Washington allows staking but is pursuing a $4 million fine. The decision improves the outlook for Coinbase staking access in New Jersey, but leaves broader US crypto-staking regulation unresolved and is unlikely to have a material effect on the wider crypto market.

Bitcoin is nearing a fifth consecutive weekly decline, with its price falling from about $87,000 to around $76,500. CoinDesk’s snapshot put Bitcoin at $76,924.58, down 1.37%; another weekly loss would tie its joint third-longest losing streak. Caution ahead of the US midterm elections is weighing on risk-sensitive assets as investors assess possible effects on economic policy and crypto regulation. Pressure has also come from the tech sector. Apple warned that higher memory-chip costs and spending on AI services could squeeze margins. Its shares fell in premarket trading despite stronger-than-expected quarterly results, renewing concerns about returns on big technology companies’ AI investments. Rising oil prices and US-Iran tensions have added to market uncertainty. WTI crude approached $98 a barrel and Brent rose above $106, stoking inflation concerns and potentially reducing expectations for interest-rate cuts. The earlier report also said the US carried out limited airstrikes on Iran’s Qeshm Island after Iran’s Revolutionary Guard reportedly fired on a US aircraft. These developments are weakening risk appetite and leave Bitcoin exposed to further volatility in the near term.

Elliptic says about $6.43 billion was stolen from Binance on October 29 in what it describes as the largest cryptoasset theft on record. The FBI attributed the attack to the North Korean group TraderTraitor, while Elliptic says its investigators traced the funds through more than 12,000 wallets across 11 blockchains. The article is an invitation to submit questions for an upcoming video Q&A with Elliptic founder and chief scientist Dr Tom Robinson; it does not provide new technical findings about the Binance hack. Elliptic says the incident raises concerns about laundering and sanctions exposure linked to North Korea-related crypto theft.

Sui is trading near $0.86 after falling about 27% in 30 days, with futures open interest down to roughly $255.6 million from more than $400 million at October’s peak. Despite the decline in leverage, funding rates remain positive, meaning long traders are still paying to maintain positions. Spot and futures buying pressure is weak, and there has been no major liquidation flush to reset positioning. Sui trades below its 50-day moving average near $0.95 and its 200-day average near $0.97, a bearish alignment that leaves sellers in control. A daily close above $0.95 is the first key hurdle for a possible move toward $1; resistance is then near $1.06. On the downside, a close below support around $0.84 could put $0.80 at risk, with chart support near $0.71 and $0.64. Until demand returns and Sui reclaims its moving averages, the outlook remains cautious, with leveraged longs vulnerable to a squeeze if support breaks.

Trader Killa says Bitcoin could trade sideways for several months, creating opportunities for short-term traders before its next potential rally. Killa added that if Bitcoin has already formed a market bottom, the current cycle may advance faster than expected. The outlook is a market opinion, not a confirmed forecast, and does not specify price targets or timing.

US midterm elections could reshape crypto regulation by changing control of Congress, where lawmakers will decide the future of the stalled CLARITY Act and oversee key regulators. Crypto industry groups have spent about $176 million across more than 100 races. Coinbase, Ripple and Andreessen Horowitz are among the main backers of the Fairshake political network. Ohio, Nebraska and Texas are closely watched Senate contests. Spending has included more than $50 million opposing Ohio Democrat Sherrod Brown and nearly $11 million supporting Nebraska Republican Pete Ricketts, according to reports cited in the article. The election outcome could affect congressional scrutiny of crypto businesses and confirmation of regulatory nominees. The CLARITY Act would divide crypto-market oversight between the SEC and CFTC and set rules for intermediaries. It failed to advance in a 49–50 Senate procedural vote in September, despite Republican control. Analysts quoted in the article say a change in congressional control could reset its timetable, but its difficulties go beyond party politics. The GENIUS Act, which established a federal stablecoin framework, became law in July 2025. Bitcoin’s past midterm price declines are not considered a reliable guide to future performance. Analysts say ETF and institutional flows, interest rates, liquidity and broader risk appetite are more immediate drivers for BTC than the election result.

The US Securities and Exchange Commission (SEC) has updated its staff FAQ on federal securities laws and governance tokens, clarifying when token holders may be treated as a controlling group. The guidance says holders who vote independently are generally not a group unless they are connected or have an agreement or understanding to coordinate, including through delegation. Even if they are considered a group, they must exercise actual operational, economic or voting control to qualify as a “central party.” The FAQ describes control as the unilateral ability to change voting procedures, select validators, modify code, reverse transactions or restrict access. It is staff guidance, not a binding SEC rule, and does not classify UNI or any other token as a digital commodity. Projects will still need to show that voting power is broadly distributed and no entity or coordinated bloc has unilateral control. The update offers DAO projects and market participants a clearer framework for assessing governance tokens, but case-by-case uncertainty remains. It follows the failure of the CLARITY Act in the Senate in September 2026, leaving lawmakers’ next steps uncertain.

Aztec, an Ethereum layer-2 network focused on privacy, has launched Tierra (Alpha V6), fixing a critical vulnerability in its previous version and strengthening security with AI-powered testing and formal verification of core cryptographic components. Aztec says private transaction proofs now take about one second to generate on standard devices—twice as fast as before—while Ethereum-to-Aztec message delivery has fallen from an average of two minutes to as little as 12 seconds. The upgrade accompanies the launch of privacy-focused apps, including zk.money for payments, Galactica for private AI inference, Nemi for private perpetuals trading, and Nulo and Rolling Chat. Aztec has more than 3,000 validators and has raised $17 million. The improvements could support adoption of Aztec and Ethereum privacy applications, but no direct ETH price impact has been established.