Crypto News

Binance says it has covered 90% of losses from a reported $6.3 billion security breach and restored full backing for 10 major cryptocurrencies. The exchange plans to resume withdrawals on November 1, after suspending them while it responded to the incident. About $3 billion was reportedly frozen on-chain. The article does not name the 10 assets or provide details on how the recovery was funded. Traders will be watching whether Binance withdrawals reopen as scheduled and whether customer funds remain accessible. A smooth restart could help ease concerns about exchange liquidity, while delays or further disclosures could renew pressure on confidence in Binance and the wider crypto market.

Binance says it has raised coverage for funds stolen in its recent security breach to 90%, from about 80% in its previous update. The exchange says users will not bear the financial loss and that it is still buying affected assets through market and over-the-counter channels. Binance plans to use its SAFU emergency reserve, Futures insurance fund and corporate treasury to cover the shortfall. It expects to deploy part of SAFU within 24 hours and says it will restore the fund to around $1 billion. Ten major assets—including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC—are reported to be fully backed. The exchange expects withdrawals to resume on November 1. A new Proof of Reserves snapshot is being prepared, with a zero-knowledge proof expected by November 3. For traders, the recovery effort and withdrawal restart may ease concerns about Binance liquidity, but the hack and remaining uncovered losses still pose risks to confidence and short-term volatility.

The Binance hack has become the largest reported crypto theft, with attackers stealing about $6.4 billion from hot wallets across roughly 10 blockchains. Investigators say the breach targeted Binance’s internal signing systems, not the blockchains themselves, and analytics firms link it to TraderTraitor, a North Korean state-linked group. On Ethereum, attackers reportedly used EIP-7702 authorizations to redirect withdrawals. Binance says customer assets were not affected and has pledged to cover all losses with company funds and its Secure Asset Fund for Users, setting aside more than $6.34 billion. The exchange paused withdrawals for security reviews but kept deposits open and said it aimed to resume withdrawals by Sunday. It is cooperating with law enforcement, including the FBI and US Secret Service. Tether froze more than $1.5 billion in USDT, while Circle froze about $823 million in USDC. Around $3 billion in stolen assets has reportedly been frozen or located, but the attacker still controls assets worth more than $3 billion, including over 420,000 ETH and 18,270 BTC. The Binance hack renewed concerns about centralized exchange security and custody. Bitcoin fell about 4% to $76,400, while more than $1.3 billion in leveraged positions were liquidated. Binance’s reimbursement pledge may limit further withdrawals and wider market contagion, but traders remain exposed to heightened volatility and confidence risks.

Bitcoin marks 18 years since Satoshi Nakamoto published the Bitcoin white paper, tracing its path from a cypherpunk alternative to an asset embraced by traditional finance. The article highlights milestones including the 2014 Mt. Gox collapse, China’s crypto crackdowns, the 2022 FTX failure, US spot Bitcoin ETF approvals in January 2024 and Bitcoin’s rise above $100,000 later that year. BTC reached a record above $126,000 in October 2025. Its future still faces major questions: the impact of quantum computing, the security of centralized exchanges after a reported $6.3 billion Binance hack, and whether transaction fees can replace declining block rewards as a source of miner revenue. Bitcoin’s growing institutional ownership and regulatory acceptance support adoption, while raising concerns about concentration and its original decentralization ethos.

A US official told Axios that Donald Trump may be more inclined to order a major military operation against Iran if Republicans suffer a heavy defeat in the midterm elections. The official said Trump might take bold action if he felt politically weakened, and suggested a deal with Iran was in its best interest now. A White House official, however, said the election result would not affect Trump’s decisions on Iran. The report offers no confirmation that military action is planned. Any escalation in Iran military action risks could unsettle oil markets and increase broader risk aversion, potentially affecting crypto trading.

Binance says its 10 most-held user assets are backed 1:1 following a security incident reportedly costing about $6.34 billion. The assets are BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC. The exchange says it has covered about 90% of the incident’s impact using part of its SAFU fund and corporate funds. The remaining 10%, largely involving lower-liquidity tokens, is still being addressed through market and over-the-counter purchases. Binance published a new Proof of Reserves snapshot on October 31, 2026, and says a more detailed verification using zk-SNARKs and Merkle trees is expected by November 3. Its previous snapshot, dated October 1, showed major-asset reserve ratios at or above 100%; customer assets were about $129.4 billion against roughly $135.8 billion in on-chain reserves. Withdrawals, paused during a security review, are scheduled to resume in phases from November 1. Traders will be watching the withdrawal rollout, the independently checkable proof of reserves, and whether Binance closes the remaining shortfall.

Binance says it expects to partially deploy its Secure Asset Fund for Users (SAFU) within 24 hours after a breach on October 29 drained about $6.3 billion in crypto from its hot wallets. The exchange says more than $6.34 billion in company funds has been reserved, including $5 billion in the affected tokens, covering about 90% of losses. Binance plans to use SAFU and market or over-the-counter purchases to cover the remaining gap and fully back affected assets, including BTC, ETH and USDT. Binance says it will absorb the losses rather than pass them to users. Withdrawals remain suspended, with a possible resumption on November 1, 2026, after the SAFU deployment. The fund was valued at about $1.17 billion, or 15,000 BTC, and Binance plans to replenish it to around $1 billion after the deployment. Traders will be watching the timing of the SAFU transfer, the reopening of withdrawals and the fund’s replenishment.

Binance says it has replenished about 90% of assets affected by the recent security incident, up from 80% in its earlier update. BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC now have full reserve backing. The remaining assets are mainly tokens outside the top 10, where lower liquidity could slow replenishment. Binance says it used part of its SAFU fund, futures insurance funds and company capital. It completed a new proof-of-reserves snapshot at 08:00 China time on October 31, with the full report expected on November 3 UTC. Withdrawals are expected to resume as planned on November 1. The Binance reserve update and withdrawal plan may ease concerns about exchange liquidity, but traders will be watching the full disclosure and whether withdrawals are available as scheduled.

Uniswap v4 Aggregator Hooks connect external liquidity from seven sources, including Curve, Fluid and PancakeSwap, to trading routes across Ethereum, Base and Robinhood Chain. Uniswap says the integration gives its router access to more than 90% of DEX activity on those networks, while automatically selecting routes so users can trade as usual. The feature could strengthen Uniswap’s role as a liquidity-routing gateway as well as a liquidity provider. Fees from eligible hook-routed trades flow to TokenJar and are intended to support UNI burns. But the latest figures suggest limited near-term value capture: by 22 October, the hooks had routed 88,101 trades worth $2.85 billion across three chains, yet about 85% of volume came from fee-free Sky LitePSM swaps between USDC and USDS. Total fees were only $2,059, with rates ranging from 0.01% to 0.10%. The added reach may improve Uniswap’s distribution position, but charging high-volume external pools could push traders toward cheaper routes. The hooks therefore offer a potential longer-term revenue channel, while their immediate contribution to UNI burns and token value remains uncertain.

Hyperliquid burned 49.87 million HYPE on October 29, equivalent to about 5% of its 1 billion maximum supply. On the same day, Intercontinental Exchange (ICE), parent of the New York Stock Exchange, announced a strategic investment in Trade[XYZ], which plans to offer regulated, round-the-clock perpetual futures for US users using Hyperliquid technology. Investor Stanley Druckenmiller endorsed the deal. The news helped HYPE rise about 25% in three days and briefly approach $98, lifting its market value to $21.78 billion and putting it in the top 10. It has since pulled back to around $88.61. Hyperliquid also reported $1.38 billion in lifetime revenue, $16.5 million in holder payouts over seven days, and about $7.87 billion in open interest. The technical picture remains tilted toward buyers: HYPE is above its 50-day and 200-day moving averages, while RSI is near 61 and MACD remains above its signal line. The key resistance is $95.27; a break could open a move toward $101. Support is near $84.59, followed by $75.58. A drop below the first support could signal that the post-news rally is unwinding. High leverage and broader market stress remain risks.

Bitcoin and gold have become the worst-performing major asset classes of 2026, an unprecedented pairing in Charlie Bilello’s data dating back to 2011. Gold is down about 10% year to date and Bitcoin has fallen more than 11%, placing both at the bottom of a ranking of 21 asset classes. By comparison, commodities have gained over 50%, US large-cap stocks more than 12%, and short-term Treasury bills nearly 3%. The reversal follows strong gains in 2025 and early 2026, when investors bought gold and Bitcoin as hedges against debt, deficits and currency debasement. Higher oil prices have since revived inflation concerns and expectations of tighter Federal Reserve policy. That shift has weighed on non-yielding assets, as higher interest rates make cash and government debt more attractive. Bitcoin has fallen about 35% from its 2025 peak of $126,000, despite a rebound to $87,000, and could post a second consecutive annual loss if conditions do not improve. The longer-term record remains stronger: Bilello’s figures show Bitcoin returned about 120.6% annualized since 2011, compared with 6.3% for gold.

zkLink lost about $783,000 in an exploit on 29 October, according to security firm SlowMist. The attack used a transient-storage validation value that was neither cleared nor bound to the current call. After obtaining the value through a legitimate cross-chain message, the attacker reused it to forge a withdrawal batch root. They then completed 12 withdrawals: one in ETH and 11 in ERC-20 tokens. SlowMist’s findings highlight risks in zkLink’s withdrawal verification and contract access controls, as well as broader vulnerabilities in cross-chain infrastructure. No further developments are reported in the summaries. The direct trading impact is likely to focus on zkLink-related assets; wider market effects may remain limited unless additional losses or contagion emerge.

Sazmining began selling Block-developed Proto immersion hashboards to individual Bitcoin miners on 16 October 2026. Each board delivers about 204 TH/s at 15 J/TH, using roughly 3,060 watts. The price is $4,187, or $3,978 for crypto payments. Buyers can also choose advertised 0% financing: $1,397 upfront followed by 18 monthly payments of $155. The offer gives retail buyers access to industrial-grade Bitcoin mining without running their own site or cooling equipment. Sazmining manages operations, but costs include about $153 a month for hosting and maintenance, electricity at roughly $0.063 per kWh, and a 15% fee on mined Bitcoin. Estimates put the payback period at more than six years, with the next Bitcoin halving potentially extending it. Ambire CEO Ivo Georgiev, who mined Bitcoin in 2011, said individual mining remains difficult to make profitable. The launch came as Bitcoin network hashrate had recovered to about 1,076 EH/s on 30 October 2026, while mining difficulty stood at 148.36T. The service lowers operational barriers, but Bitcoin mining returns remain exposed to BTC prices, network difficulty, block rewards, transaction fees and uptime. Long payback times and the risk that hardware loses competitiveness make profitability uncertain.

Two Texas brothers have been sentenced to more than 15 years in prison for a 2025 armed crypto robbery and kidnapping in Minnesota. Raymond Christian Garcia received 180 months and Isiah Angelo Garcia 186 months after pleading guilty. Court documents say they held a family at gunpoint for more than nine hours, forced a victim to access cryptocurrency accounts and hardware wallets, and took him to a cabin to retrieve additional funds. More than $8 million was stolen. They fled after the victim’s son called 911 and were later arrested near Houston. The case highlights the physical security risks facing crypto holders and the seriousness with which US courts treat crypto robbery and other wrench attacks. The earlier report cited Chainalysis figures of 46 violent incidents targeting crypto holders in the first half of 2026, with more than $30 million stolen. A later report cited CertiK data showing 52 publicly verified wrench attacks worldwide in the same period, up 33% from 39 a year earlier; it reported 20 home invasions and 16 kidnappings. The figures come from different sources and may use different reporting criteria. The case reinforces security concerns but does not identify a particular cryptocurrency or indicate a direct effect on crypto prices.

Microsoft’s AI business is growing quickly, but the expansion is raising infrastructure costs and weighing on cash flow. Azure revenue rose 48%, accounting for nearly 74% of Microsoft’s incremental quarterly revenue, despite delays in third-party capacity deliveries. Foundry revenue more than tripled, while Copilot usage and enterprise adoption of AI agents also strengthened. The investment comes with a financial trade-off. Operating cash flow increased 29%, but cash capital expenditure doubled, reducing quarterly free cash flow to $18.6 billion. About three-quarters of first-quarter capital spending went to shorter-lived CPUs and GPUs, raising questions about replacement costs and future cash conversion. The article argues that Microsoft’s AI demand remains strong, while the key challenge is making its infrastructure investment more efficient. At roughly 21.6 times estimated FY2028 earnings, the stock’s valuation is described as reasonable if Azure growth continues and infrastructure efficiency improves. These results highlight both the scale of Microsoft’s AI opportunity and the cost of sustaining it.

An unidentified address reported about $25.36 million in account gains over the past 30 days and reduced its HYPE short position by 86,704.63 tokens. The closed position was worth approximately $7.6 million, at an average price of $87.668. The address still holds a short position of 59,886.31 HYPE. Despite the reported recent gains, its cumulative profit and loss stands at a loss of about $18.79 million.

An address monitored by Odaily has earned about $25.36 million over the past 30 days and reduced its BTC short position by approximately $11.94 million. It still holds about 79.69 BTC in shorts, worth roughly $6.17 million. The address closed around $11.92 million of BTC shorts during the period at an average price of $77,362.13. Despite the recent gains, its reported cumulative profit and loss stands at a loss of about $18.79 million. The BTC short reduction may indicate less bearish exposure from this trader, but it does not by itself establish a broader market trend.

Crypto political spending has grown from an estimate of $176 million across more than 100 U.S. midterm races through October 20 to more than $200 million for the 2026 election cycle, according to newer figures from Public Citizen. The estimates use different scopes and should not be treated as directly comparable. Fairshake and its affiliates accounted for about $150.8 million in the earlier estimate; the group now says it backs 33 House candidates and has spent $55 million opposing Democrat Sherrod Brown in Ohio’s Senate race against crypto-supportive incumbent Jon Husted. Coinbase and Ripple each donated $25 million to Fairshake’s midterm efforts in 2025, while Coinbase-backed Stand With Crypto endorsed 45 candidates. The spending aims to elect lawmakers receptive to digital assets and advance market-structure legislation. The CLARITY Act stalled in the Senate after a September 15 procedural vote failed 49–50 to advance a motion to proceed; that was not a final passage vote. Democrats have also argued the bill does not adequately prevent senior government officials from profiting from crypto businesses. Fairshake previously reported that 53 of 58 candidates it backed in primaries or special elections won, but campaign spending and election results do not guarantee support for any particular bill. The 2026 midterm results could shape the prospects for U.S. crypto regulation. If lawmakers do not advance legislation by year-end, the next Congress would need to restart the process. Coinbase executive Ryan VanGrack expects greater regulatory clarity regardless of the election outcome, but passage remains uncertain. Traders will be watching the November 3 results and subsequent Senate negotiations for signals about the long-term regulatory environment; political spending alone is not a direct price catalyst.

The XRP Ledger has recorded 14,547,668 AI-agent transactions through the x402 payment protocol, up from about 13.49 million in an earlier tracker update. The latest figures, dated 19 October 2026, show 173 merchants and cumulative settlements of 7,010.24 XRP and 16,509.25 RLUSD, worth about $33,506. The XRP Ledger’s transaction count has risen from roughly 1 million in July to more than 10 million by early October, with some days topping 600,000 transactions. However, activity is concentrated: Heurist Inference Router processed close to 10 million transactions in mid-October. RippleX engineering head J. Ayo Akinyele previously estimated that AI-agent payments made up about 25% of ledger activity and said 100 million transactions could arrive sooner than expected, without giving a timeline. The XRPL AI Starter Kit, launched in June 2026, helps developers build agents that transact on the ledger. Payment facilitator t54.ai raised a $5 million seed round backed by Ripple and Franklin Templeton; Visa and Mastercard are also collaborating on x402. For XRP traders, the growth points to expanding technical use of the XRP Ledger for frequent, low-value AI payments, but transaction counts have not yet translated into substantial settlement value. Merchant growth, settlement totals and reduced reliance on a single service will be important indicators of whether this activity creates meaningful demand for XRP.

Google is exploring demand-response programs to manage rising electricity needs at its AI data centers. The company’s electricity consumption rose 37% in 2025, and it has reportedly secured about 1 gigawatt of demand-response capacity through utility agreements. Demand response allows Google to shift or reduce machine-learning workloads during periods of peak demand, helping it manage power use without relying solely on new generation. The approach could ease pressure on electricity grids and influence debates over data center restrictions, including in Louisiana. The development has no direct cryptocurrency-market impact, but it highlights the growing energy demands of AI infrastructure.

Trezor is investigating a report that a Safe 5 hardware wallet bought through former Indonesian reseller CryptoBilis contained a hidden cellular module. The suspected implant may have captured a recovery phrase displayed on the device and transmitted it over a mobile network. The claim remains unconfirmed: the device has not undergone independent laboratory testing, and Trezor says it has received no reports of related customer losses. The Trezor warning covers devices bought through CryptoBilis from March 2026 onward, across all Trezor models. Owners who initialized an affected wallet should move funds to a new wallet created with a fresh recovery phrase; importing an old phrase onto another device may not secure the funds. Buyers who have not set up their wallets should not initialize them or enter existing backups. Trezor is offering eligible customers replacement devices or vouchers and advises them to contact support and remain alert to phishing attempts. Trezor removed CryptoBilis from its authorized reseller network on October 9, following a separate confirmed hardware-tampering incident involving Ledger devices sold by the reseller. Trezor says it found no evidence of tampering in four other wallets it inspected, while the origin of the reported Safe 5 modification remains unknown. The incident highlights supply-chain risks for hardware wallets, but no direct impact on cryptocurrency prices has been established.

Intel stock fell nearly 30% in a single session, wiping more than $146 billion from its market value, after the chipmaker issued a weaker-than-expected fourth-quarter outlook. Intel stock closed at $65.76, marking its steepest one-day decline in more than 50 years. The fourth-quarter forecast calls for revenue of $15 billion to $16 billion and adjusted earnings of $0.25 per share, below analyst estimates of $17.07 billion and $0.43. Intel expects gross margin to drop to 38%, from 44.1% in the third quarter. The sell-off came despite third-quarter revenue rising 21% year on year to $16.5 billion and adjusted earnings reaching $0.52 per share. Data Center and AI revenue surged 78% to $7.3 billion as demand for Xeon server processors grew, but manufacturing and packaging constraints are limiting supply. An explosion at an Israeli facility is expected to reduce revenue by about $600 million over two quarters. Meanwhile, Client Computing and Physical AI revenue fell 5% to $8.1 billion, with weaker PC demand and higher memory prices weighing on purchases. Intel reported $3.3 billion in quarterly net income, but heavy factory investment is pressuring cash flow. The company does not expect positive free cash flow next year and has warned it may not generate positive cash flow for the full year. Nvidia’s $5 billion investment and a possible Apple manufacturing deal have supported hopes for a turnaround, but execution risks, spending and PC weakness remain concerns. For traders, Intel’s results underscore the gap between strong AI chip demand and the company’s ability to meet it profitably; the sharp decline may also weigh on sentiment toward semiconductor and technology stocks.

Uniswap has opened its TJAR fee-conversion system to all applications. Apps can use TJAR to convert fees received in different tokens into a chosen token. Uniswap said TJAR processed more than $15.3 million in swaps last month and now operates across seven chains. Robinhood is already using TJAR through the Uniswap API, receiving fees in USDC and USDG.

RedStone has launched two bug bounty programs to identify security flaws in its oracle infrastructure. The smart contract program offers up to $250,000 for critical vulnerabilities, with smaller rewards for high-, medium- and low-severity findings. A separate web security program pays up to $10,000. The programs are hosted on HackenProof and Cantina and went live on October 22, 2026; RedStone announced them publicly on October 31. More than 201 submissions had been logged on HackenProof by late October. RedStone says it secures over $10 billion in DeFi value and serves projects including Spark, Compound, Morpho and Lido. The initiative adds to the company’s external audits and other security measures. It may support confidence in RedStone, although its effect on token prices is likely limited unless the program leads to significant findings or demonstrates a strong response to reported vulnerabilities.

S&P Global Ratings has changed Meta’s credit outlook from stable to negative but kept its rating at AA-. The agency now warns that Meta’s expanding AI spending could push free operating cash flow into a $71 billion deficit in 2027, with negative cash generation potentially continuing beyond 2028. This sharpens earlier concerns after Meta reported negative free cash flow of about $2.12 billion in the third quarter, its first deficit in more than a decade. Meta reported third-quarter revenue of $64.6 billion, up 26% year on year, and capital expenditure of $34.91 billion. It raised its 2026 capital expenditure forecast to $135 billion–$145 billion and faces an estimated $825 billion in future data-centre and AI infrastructure investment. The company has discussed non-voting shares and possible equity issuance to fund expansion without adding debt. It also holds about $82.45 billion in cash and marketable securities, and argues AI investment can support new products and advertising. S&P warns that persistent negative cash flow could increase Meta’s debt and leverage, raising the risk of a future downgrade. The outlook change is not an immediate rating cut. Earlier market signals included a 7% fall in Meta shares and a rise in five-year credit default swaps to 114.79 basis points. For crypto traders, the story has no direct impact on a named cryptocurrency, but adds to scrutiny of AI infrastructure costs and could influence broader technology-sector risk sentiment. Watch Meta’s cash flow, leverage and any equity issuance.

Nasdaq-listed Next Technology Holding (NXTT) has authorized the gradual sale or use as collateral of its 5,833 Bitcoin, valued at about $449 million. The authorization lets CEO Weihong Liu decide the timing, price and size of any transactions, but does not confirm that a sale or pledge will occur. NXTT says its Bitcoin is not held on Binance; the board cited exchange vulnerabilities, the Binance hack and potential quantum-computing threats to Bitcoin’s cryptography as risks. Most of NXTT’s Bitcoin came from a March 2025 acquisition of 5,000 BTC for $158.1 million in shares, warrants and cash advances—about $31,600 per coin. At a Bitcoin price of around $77,000, the holdings were worth more than 50 times NXTT’s roughly $7.8 million market capitalisation. An actual Bitcoin sale could add supply and create some selling pressure, while collateralized borrowing could raise funds without an outright sale. For now, the authorization alone does not mean Bitcoin will enter the market.

Cipher Digital (CIFR) and TeraWulf (WULF) receive BUY ratings in an analysis comparing them with CoreWeave (CRWV). The author says CIFR and WULF have stronger balance sheets, less debt pressure and more available capacity. Their secured-power model may also require less capital spending than CoreWeave’s compute-focused model, reducing exposure to higher funding costs. The stocks have fallen sharply from their highs: CIFR is down more than 70%, WULF about 50%, and CRWV 66%. The analysis links weakness partly to high US Treasury yields. It also flags risks shared across the AI infrastructure sector, including slower AI capital expenditure, supply-chain constraints, and pressure on growth and free cash flow. These are equity investment ratings, not cryptocurrency recommendations.

Onchain Lens reported that Galaxy Digital OTC deposited 47,000 HYPE, worth about $4.06 million, to OKX around four hours before the report. The transfer could indicate a plan to sell, but no sale was confirmed. Traders may watch HYPE exchange inflows and price action for signs of near-term selling pressure. The HYPE deposit alone does not establish a broader market trend.

AI cyberattacks are becoming faster and more automated, raising security concerns for crypto traders and platforms. Google Threat Intelligence says attackers are moving beyond simple prompts to agent-based workflows. In one 2026 case, AI agents reportedly stole thousands of third-party credentials in under six hours. Anthropic has also observed attackers running agents in parallel for reconnaissance, exploitation and data theft. Binance estimated the impact of an October 30 incident at $6.3 billion, while a September Bitget incident involved about $387.5 million transferred to attacker-controlled addresses. Neither exchange publicly attributed its incident to AI. Separately, a flaw affecting some COLDCARD-generated seed randomness was linked to the theft of 1,367 BTC across more than 4,500 addresses, worth nearly $116 million at the time. Keystone said a website incident in October exposed personal information associated with 25,964 buyer records. FBI data showed account-takeover complaints caused more than $262 million in reported losses from January to November 2025. The incidents underscore growing AI cyberattack risks, but do not establish AI as the cause of the exchange events.