Crypto News

BTCPay Server has urged operators to shut down affected payment servers and update their software after reports that attackers drained Bitcoin from hot wallets. The suspected attack vector affects versions 2.4.1 and earlier. Founder Nicolas Dorier said attackers gained administrator access to affected servers, but how they obtained it remains under investigation. BTCPay Server says it has received no credible reports of hot-wallet theft involving version 2.4.7, released on October 29. The project has not disclosed the number of affected merchants, total losses or a full technical explanation. Operators are advised to review logs and consider moving funds from internet-connected hot wallets to cold storage. The incident follows an August exposure of Lightning Network Daemon credentials; whether the events are connected is unknown. The reports concern BTCPay Server infrastructure and do not indicate a vulnerability in Bitcoin itself.

Spot XRP ETFs recorded $18.83 million in net inflows in October, extending their positive streak to seven months and bringing cumulative inflows to a reported record $1.81 billion. Earlier figures showed $4.32 million in inflows last week, following $4.25 million the week before. Bitwise led cumulative inflows at $682 million, followed by Franklin Templeton’s XRPZ at $524 million and Canary Capital’s XRPC at $485 million. The latest aggregate disclosures described spot XRP ETFs as the only XRP ETF cohort to post net inflows that month, but did not provide a fund-level breakdown. October was nevertheless the cohort’s second-weakest month for inflows. The demand contrasted with more than $500 million in outflows from Bitcoin ETFs and over $1.6 billion in record outflows from Ethereum ETFs. Despite steady XRP ETF inflows, XRP fell 16% in October, its weakest month since June, ending near $1.25 after dropping below $1.20. The divergence suggests ETF demand has not yet overcome wider market selling pressure; the reported flows do not establish a direct impact on XRP’s price.

Bitcoin rose 1% to about $78,600 on Monday, extending its gains for a third day as Asian equities and US stock futures recovered. The rebound followed a dip to $77,600 after a reported $6.3 billion Binance hack, described in the article as the largest exchange breach on record. The FBI said North Korean actors were responsible and asked the DeFi community to help block affected BTC, ETH and SOL addresses. Binance resumed withdrawals in stages, beginning with Bitcoin. Zcash led large-cap gains, rising 3% to nearly $1,280. Ether and BNB added about 2%, while XRP and TRX gained around 1%; Solana was little changed near $95. Investors are also watching US midterm election results and debate over the CLARITY Act, which could define federal oversight of crypto assets. BTSE executive Jeff Mei warned that high interest rates and macroeconomic pressures may constrain liquidity for Bitcoin and other digital assets. A recovery in technology stocks could support Bitcoin, but the hack, regulatory uncertainty and broader market conditions remain important risks.

Zcash (ZEC) rebounded about 5% on Monday, November 2, rising from an intraday low of $1,210.8 to $1,272 as the broader altcoin market recovered. Two large whale accounts opened or rebuilt ZEC long positions worth a combined $23.268 million. The activity may signal growing short-term confidence in Zcash, but whale positions alone do not confirm a sustained price trend.

BTCPay Server has urged merchants to take internet-connected instances offline after reports that attackers drained bitcoin from linked hot wallets. Users are advised to shut down instances manually with ./btcpay-down.sh while the investigation continues. Founder Nicolas Dorier said reported incidents appear to involve software versions older than 2.4.2. The project has not confirmed the attack method, the number of affected servers or the amount of bitcoin stolen. Reports of possible administrator-level access have also emerged, but remain unconfirmed. BTCPay Server has not announced a fix or confirmed newer versions are safe. The warning followed the release of version 2.4.7, which fixed 85 reported security issues; public and demo servers running that version had not been reported attacked at the time of the earlier update. The incident highlights the risks of outdated payment software and storing wallet seed phrases on online servers. The impact on Bitcoin trading is uncertain, while merchants face potential losses and operational disruption.

The Binance hack saw more than $6 billion in cryptocurrency stolen on October 29. Binance founder Changpeng Zhao thanked the US Secret Service and other federal investigators for helping freeze a significant portion of the funds within minutes of the attack. Authorities have not disclosed the exact amount frozen; Binance estimates that industry partners froze about $3 billion.

About 18,270 BTC stolen from a Binance hot wallet remain in 19 wallets, worth roughly $1.4 billion at the time of the theft. The Bitcoin was moved in 11 transactions, with 17 wallets holding 1,000 BTC each and the other two holding 832.5 BTC and 437.7 BTC. The funds have not been spent, although the wallets are receiving tiny transfers with permanent OP_RETURN messages, including pleas for a share and token promotions. The FBI attributed the broader, approximately $6.3 billion multi-chain theft to North Korea’s TraderTraitor group, linked to Lazarus. Binance says it will use its SAFU fund and company reserves to cover customer losses, and withdrawals were paused during the investigation. About $3 billion in assets linked to the breach have been frozen. Bitcoin transactions, however, cannot be reversed or frozen by an issuer: investigators can trace the coins, but recovery would require access to private keys or intervention if the funds reach an intermediary. For traders, the unmoved Bitcoin presents no confirmed immediate selling pressure, but a future transfer could renew concerns about liquidation and crypto exchange security. The breach and withdrawal pause may also weigh on confidence in Binance; the stolen Bitcoin remains traceable, but its recovery is uncertain.

South Korea’s proposed 2027 AI budget rises 97.2% to 21.3 trillion won ($15.5bn), from 10.8 trillion won in 2026. It is part of a record 820.9 trillion won national budget, up 12.8%, proposed by President Lee Jae-myung’s government. The AI budget prioritises semiconductors, robotics and physical AI, domestic AI data centres, infrastructure and advanced models. Plans include 4.7 trillion won for 10,000 next-generation GPUs and 250 billion won for a free public AI service. The wider plan includes a 162.3 trillion won Future Response Fund, largely supported by higher semiconductor tax revenue, and an 8.2% increase in defence spending to 73.3 trillion won. The government’s AI investment complements private-sector commitments of more than 800 trillion won for semiconductor fabrication and about 550 trillion won for AI data centres, involving companies such as Samsung Electronics and SK Hynix. The budget proposal is subject to parliamentary review, with approval expected by 2 December 2026. For traders, the AI budget points to sustained public support for chip and data-centre growth, but it does not indicate a direct catalyst for cryptocurrency prices.

DogPay says it is expanding beyond crypto cards into a broader stablecoin payment network for businesses, covering collection, accounts, conversion, settlement and card services. Co-founder Peter said the company serves more than 1,000 businesses across over 140 countries and regions, and processes about $500 million in funds each month. The company says its services connect to networks including SWIFT, ACH, SEPA and FPS, and help businesses convert stablecoin receipts into fiat currency for company accounts. DogPay attributes customer demand to faster settlement and reduced exposure to local-currency volatility compared with traditional cross-border transfers. It says it holds Hong Kong MSO and TCSP licences and MSB licences in the US and Canada, while European licensing is in progress. The interview also outlines plans for AI payment routing and future agent payments. These figures and claims were provided by DogPay and were not independently verified in the article.

Paradigm unstaked 2.55 million HYPE over the past two days through 15 wallets. The tokens are worth about $224 million, or 17.85% of the 14.26 million HYPE the firm currently has staked on Hypercore. The unstaking does not confirm that Paradigm plans to sell. Weeks earlier, the firm unstaked HYPE, moved the tokens to new wallets and later restaked them. Observers say it may follow a similar pattern this time, but Paradigm’s next move is unconfirmed. Traders may monitor wallet flows and staking activity for signals about potential HYPE supply entering the market.

Hong Kong Securities and Futures Commission (SFC) chief executive Julia Leung said the regulator plans to develop a cybersecurity framework for licensed firms to strengthen defences against AI-driven cyber threats. Higher-risk firms may face stricter requirements. The SFC also plans principles-based guidance for highly autonomous AI applications, with human accountability and oversight maintained throughout the workflow. Leung said Hong Kong institutions are leading in tokenisation, but adoption must deliver tangible economic benefits to scale. The proposed cybersecurity framework is a regulatory development rather than a direct signal for crypto prices.

US spot Ethereum ETFs saw net outflows climb from $1.08 billion earlier in October to $1.61 billion, the largest monthly withdrawal since the funds launched in July 2024. Weekly data showed outflows in every week of the month, reversing September’s $832 million in inflows. An earlier update reported a $26 million daily inflow, but it did not stop the broader monthly withdrawal; year-to-date net inflows were then about $485 million, with eight trading sessions left in October. The latest report does not update those figures or explain the outflows. ETH had fallen 9.7% in October to $2,438 and was nearly 18% lower in 2026 in the earlier report, although the newer report gives no updated price data. The persistent Ethereum ETF outflows signal weaker demand for ETH investment exposure and may weigh on sentiment. For comparison, US spot Bitcoin ETFs recorded $23 million in inflows on Tuesday after $527 million on Monday; they were still about $67 million down for October, with year-to-date inflows near $809 million.

The XRP Ledger is reviewing two proposals to improve authorization checks. One covers liquidity-pool tokens; the other addresses existing trust-line balances. Both proposals remain under review, and validators have not yet voted. The XRP Ledger changes could affect token and liquidity-pool operations if approved, but no implementation or market impact has been confirmed.

ZAMA gained more than 15% in 24 hours, with its weekly rise topping 11%, as traders anticipated The Rollup’s Q3 Shielded report discussion on 2 November. Daily trading volume exceeded $50 million, while exchange positioning was mixed across whale, smart-money and retail traders. Network indicators also improved. Zama’s TVL, including staking, rose 38% to more than $306 million, of which $173 million was staked. Daily active addresses more than doubled from 210 to 433, and daily transactions climbed from 445 to 932. Holder count increased 9.2% to 6,300. Despite the stronger activity, ZAMA remained within a descending channel on the four-hour chart. Resistance at $0.075–$0.076 is the key hurdle for a potential breakout. MACD momentum and cumulative volume delta turned positive, but neither confirms a trend reversal. A rejection could put support near $0.065 back in focus, followed by recent lows around $0.060 and channel support near $0.052.

CoinGecko data dated November 1, 2026, puts Polkadot (DOT) at $0.947713, down 67.8% over the past year. DOT also fell 0.6% in 24 hours, 7.69% in seven days and 22.52% in 30 days. Its 24-hour range was $0.940565 to $0.960374. The article does not verify any current DOT staking process, eligibility requirements, reward rate or APY. Custody arrangements, fees, reward calculations and withdrawal or lock-up terms are also unconfirmed. Prospective stakers are advised to check current documentation from the network or their chosen provider. The Crypto Fear & Greed Index stood at 34, indicating “Fear” across the overall crypto market; it is not a DOT-specific staking or return signal. The historical price data provides market context but does not predict future DOT prices or staking returns.

Circle has expanded its Cross-Chain Transfer Protocol (CCTP) on Arc to support issuer-controlled ERC-20 tokens beyond USDC. CCTP burns tokens on a supported source chain and mints them on the destination after Circle’s Iris service provides an attestation, avoiding the need for separate bridges or wrapped assets.

Mubadala, Abu Dhabi’s sovereign wealth fund, has reportedly agreed with local AI company Inception42 and OpenAI to use AI for investment analysis and risk assessment. The parties have not publicly confirmed the agreement, and its financial terms, timeline and full scope remain unclear. The reported deal builds on existing ties. Mubadala subsidiary Solutions+ signed a memorandum of understanding with Inception42 on 7 October 2026 to expand its Catalyst AI platform across Mubadala companies and the wider Gulf region. Inception42 also launched its board-focused Insight platform and investor-focused Alpha platform in October. Mubadala’s links to OpenAI include MGX, an investment vehicle affiliated with Mubadala and G42, which co-led OpenAI’s reported $122 billion funding round in March 2026 at an $852 billion valuation. Separate reports say OpenAI is discussing a possible $30 billion fundraising round with UAE funds, but no deal has been confirmed. The reported AI investment analysis agreement would connect Mubadala’s AI investments with the use of AI in its own investment decisions.

RUNE, THORChain’s native token, fell 20.22% in 24 hours to 0.504 USDT on 2 November 2026, after touching a low of 0.497 USDT. The drop comes amid scrutiny of THORChain following a Binance hacking incident. The FBI, US Secret Service and IRS Criminal Investigation urged THORNode operators, RPC nodes and DeFi service providers to block transactions linked to the incident. THORChain co-founder Chad Barraford said node operators only have access to publicly available information. The report does not establish that the calls to block transactions caused RUNE’s price decline.

CBB said daily trading volume for Hyperliquid HIP-4 outcome contracts increased tenfold over the past 30 days. CBB expects growth to accelerate, citing fees it says are 100 times lower than those on Polymarket and Kalshi, and argued that Hyperliquid could be a leading venue for prediction markets. The report did not provide absolute volume figures or independently verify the fee comparison.

Solana improvement proposal SIMD-0567 has been merged into the network’s proposal repository. It outlines a rebuilt associated token account program, with tests reporting an average 81% reduction in compute-unit use. The change could make token account operations more efficient on Solana, but the article does not say it has been deployed or provide a rollout timeline. For SOL traders, the proposal is a network-efficiency development rather than a confirmed near-term price catalyst.

Asia factory activity remained in expansion in October, but growth slowed in Japan, South Korea and Taiwan, key economies in the AI chip supply chain. South Korea’s manufacturing PMI fell to 51.3, an eight-month low; Japan’s dropped to 53.3, a seven-month low; and Taiwan’s eased to 54.9 from 56.7. China’s official PMI fell to 49.3, indicating contraction. The slowdown adds weight to the IMF’s warning that a correction in AI-driven demand could hurt Asia’s technology supply chains. The fund forecasts regional growth of 4.8% in 2026, down from 5.0% in 2025, and 4.4% in 2027. In a sharp AI-demand correction scenario, Asian output could fall about 1.7% below baseline. South Korea’s central bank estimates that weaker AI-related investment could reduce semiconductor exports by $50 billion to $100 billion and trim 2027 GDP growth by 0.4 percentage points. For traders, cooling Asia factory activity highlights risks to the semiconductor and broader technology sectors, though the article does not point to a direct cryptocurrency-market catalyst.

Solana has merged SIMD-0567, a proposal to replace its existing Associated Token Account (ATA) program with p-ATA, an optimized version built with Pinocchio. The proposed Solana p-ATA aims to reduce compute-unit (CU) use and improve execution efficiency. Developer benchmarks indicate transactions execute about 35% faster than with the old program. Supplying the Rent Sysvar can further reduce CU consumption, though execution time may rise slightly; the reported transaction-level slowdown is about 1%. The merge is not a mainnet deployment. The replacement must still follow the planned migration process, so any network-wide performance effects will depend on implementation.

An address linked to an attacker associated with Binance transferred 40 million XRP, worth about $50.46 million, to an unknown wallet, Odaily reported on 2 November 2026. The destination and purpose of the transfer are not known. The XRP movement alone does not confirm that the tokens will be sold, but traders may monitor for further transfers or deposits to exchanges that could signal potential selling pressure.

Bitcoin steadied near $79,000 on Monday after a 24-hour liquidation wave in perpetual futures. Short positions accounted for 77.26% of the $29.16 million in Bitcoin liquidations recorded by 04:00 UTC, according to derivatives data. The forced short closures may have supported Bitcoin’s recovery, though liquidation figures alone do not confirm a lasting trend. Ethereum showed a similar pattern, but the report provided no further figures.

A speculative Meta AI scenario suggests XRP could reach double-digit prices if major banks and a global payments consortium adopt the XRP Ledger for cross-border payments. No agreements, confirmed participants, transaction estimates or timelines have been disclosed, and the report does not establish that the forecast came from an official Meta statement. XRP was described as consolidating around $1.20–$1.30, with resistance at $1.35–$1.45 and support near $1.18–$1.22 and $1.10–$1.15. A move above $1.60–$1.80 could open the way to a test of its previous all-time high near $3.65, according to the technical analysis cited. The double-digit XRP outlook remains conditional on unconfirmed institutional adoption. Separately, Binance said it would begin restoring withdrawals in phases from November 1 after a security breach. The exchange said user funds were not affected, it absorbed the losses and recovered about 95% of the sum involved. It also said deposits continued uninterrupted and that it was working with law enforcement and external partners. Further technical details and independent verification were not provided. For traders, the XRP scenario is not a confirmed catalyst, while Binance’s withdrawal update may ease some user concerns but leaves questions about the incident and recovery unresolved.

US spot Bitcoin and Ether ETF flows weakened through October, with later data showing substantial outflows. On 28 October, Bitcoin ETFs still recorded $137 million in net inflows, led in part by BlackRock’s IBIT, while Ether ETFs lost $21.41 million, with BlackRock’s ETHA contributing to withdrawals. Later figures showed Bitcoin ETFs losing $203 million over a week and nearly $516 million for October; Ether ETFs lost $432 million over a week and more than $1.6 billion for the month, including as many as 23 consecutive days of outflows. Combined October outflows exceeded $1 billion, although Bitcoin ETF flows were mixed during the month. The contrast suggests demand for Ether funds weakened more sharply, while Bitcoin fund flows also turned negative overall. Since launch, Bitcoin ETFs have drawn about $57 billion in cumulative net inflows and held roughly $98–100 billion in assets; Ether ETFs have accumulated around $12–14 billion in net inflows. Traders may track flows at major issuers such as BlackRock and Fidelity for signs of stabilization. ETF flows can signal shifts in institutional demand, but alone do not confirm a lasting price trend; Bitcoin traded around $80,000–$81,500 in late October.

The Bank of Korea has surveyed 31 financial institutions—18 banks and 13 securities firms—about their exposure to crypto risks. Sent on October 23, the survey asks about crypto-related staffing, budgets, investments and business activities, as well as responses to a major exchange hack or shutdown, a prolonged market downturn and losses at another financial institution. Responses are due by November 4. The review began before the reported $6.3 billion Binance hack, which US authorities attributed to North Korean hackers, and follows a June central-bank report warning of closer links between digital assets and traditional finance. The Bank of Korea survey does not introduce new rules, but its findings could shape future oversight and financial-sector resilience. For crypto traders, it signals closer scrutiny of connections between crypto firms and South Korea’s financial system, rather than an immediate change to market rules.

Rising AI financing costs and weak chipmaker guidance triggered a broad tech sell-off, adding pressure to cryptocurrency-linked stocks and risk assets. The Nasdaq fell 2.86%, while the Philadelphia Semiconductor Index dropped 7.20%. Intel plunged 28.58% after its fourth-quarter revenue and earnings guidance missed expectations. Investors also questioned whether heavy AI investment can continue as borrowing costs rise and companies face more difficult fundraising conditions. Crypto-related equities fell sharply: Bullish lost 16.05%, Galaxy Digital 11.75%, Coinbase 10.62% and Strategy 7.84%. Bitcoin spot ETFs recorded $643 million in net outflows. Binance processed about $4.65 billion in withdrawals during a reported hot-wallet security incident, though analysts said the event was unlikely to derail the broader crypto market recovery. The FBI attributed the theft to North Korea. For traders, the main near-term signals are risk appetite, ETF flows and credit-market stress—not a confirmed change in crypto fundamentals. Apple, AMD and major US economic data, including the non-farm payrolls report, are key events to watch this week.

Brevan Howard Digital investor Tze Donn Ng argues that durable crypto tokens generally follow one of two paths: strong community belief or verifiable cash flow shared with token holders. Bitcoin, Zcash and Hyperliquid illustrate the belief-driven model, built on distinctive narratives, committed communities and survival through crises. Hyperliquid also exemplifies the cash-flow model, alongside LIT, PUMP and SKY, where protocol profits can support buybacks or distributions. Ng says traders should assess whether revenue is sustainable and verifiable on-chain, whether equity entities divert value, and whether token buybacks or dividends are automatic. Projects that retain profits for growth require holders to trust that the value will eventually accrue to the token. He contrasts this with SHFL, whose underlying gambling business revenue goes to a private company rather than its token holders. The article views cash-flow tokens as an emerging market category and flags potential developments such as a token from Polymarket, a fully on-chain Shuffle casino, and new perpetual DEX tokens including VAR and XTEN. For traders, the framework highlights token economics, revenue quality and value capture as key factors when evaluating long-term crypto investments; it is an analytical thesis, not a market-moving announcement.