Crypto News

Bitcoin (BTC) traded at a wider discount on Coinbase than on Binance, with the Coinbase Premium Index reaching its steepest level of 2026. The index compares BTC prices on the two exchanges. The divergence suggests weaker relative buying pressure on Coinbase, although the available report excerpt does not provide the size of the discount or explain the Binance freeze in detail. Traders may watch whether the gap persists and whether it is confirmed by broader spot-market flows.

Turkey-based crypto exchange BtcTurk said on November 1, 2026, that it will open deposits for Nillion (NIL), Plume (PLUME) and AltLayer (ALT) on November 3 at 15:00. The exchange announced the three tokens in a notice on its official X account. BtcTurk has not provided further details in the article, including trading pairs or when trading will begin. The announcement adds three altcoins to BtcTurk’s platform, but deposit availability alone does not confirm that trading has started.

A wallet linked to the $6.3 billion Binance hack moved about 486,000 SOL, worth roughly $46 million, on November 1. The reported amount varies: Whale Alert tracked 485,270 SOL, while Lookonchain cited a transfer of about 486,970 SOL. Together, the figures represent roughly half of the 970,500 SOL traced to addresses linked to the attacker. The destination wallet has no known owner, and a possible route through Relay Protocol has not been confirmed as a sale or swap into Bitcoin.\n\nSOL traded near $94.76, down 0.99% over 24 hours. It had already fallen about 6.6% on October 29, before the transfers were reported, so the wallet activity does not explain the full decline. While the movement may add selling concerns and weigh on sentiment, no direct exchange sale has been verified.\n\nThe FBI attributed the Binance hack to North Korea-linked group TraderTraitor. Earlier laundering conversions reportedly went mainly into Ethereum. Binance said it has replaced or covered nearly 95% of customer losses through its SAFU fund and is monitoring the remaining assets. Traders should distinguish on-chain transfers from confirmed exchange deposits or sales when assessing potential SOL or Bitcoin price pressure.

The S&P 500 fell 1.8% on Friday to close at 7,580, its lowest close since September 16, and finished the week down 0.6%. The decline highlights a widening gap between growth and value stocks, as investors react to the costs of artificial intelligence spending by major technology companies. Value stocks have outperformed growth stocks for four consecutive weeks. Energy led the S&P 500 sectors with a 9.5% gain, followed by health care at 9.0% and consumer staples at 7.3%. Technology fell 3.9%, while communication services dropped 8.4%. Those two sectors carry some of the index’s largest weights, making their weakness significant for the broader market. The article cautions that the defensive trade may be crowded and that oversold technology shares could fall further. For traders, the key themes are AI investment costs, sector rotation and the potential for continued volatility in large-cap growth stocks.

Binance recorded $4.65 billion in withdrawals and $1.01 billion in deposits between 06:00 and 15:30 UTC on November 1, resulting in $3.64 billion in net outflows. The withdrawals followed the phased reopening of services after an October 29 hot-wallet breach that reportedly caused $6.3 billion in losses. The FBI attributed the attack to North Korea’s TraderTraitor group and said stolen funds were being converted mainly into ether. Binance said withdrawal volumes eased after an initial surge and that withdrawal routes across 15 networks were available by 12:36 UTC. The exchange and its partners froze about $3 billion in stolen assets, while Binance said company funds had restored about 95% of affected customer balances. Deposits remained open as the exchange continued reviewing assets and networks. The outflows represented about 2.1% of Binance’s reported $171 billion in assets. Binance’s October 31 Proof of Reserves snapshot predates the withdrawal surge. Zero-knowledge verification was still pending, with publication expected by November 3, later than the November 2 expectation cited earlier. Traders are watching Binance outflows, exchange security and reserve transparency as indicators of customer confidence and possible market spillover.

A reported Binance hack and temporary suspension of deposits and withdrawals triggered an unusually wide Bitcoin price gap between Binance and Coinbase. The Coinbase Premium Index fell to about -0.06%, its lowest level in a year, but Galaxy Research’s Alex Thorn said the reading was temporarily unreliable as a measure of US Bitcoin demand because traders could not move BTC between exchanges to arbitrage the difference. The article says hackers stole around $6.3 billion from Binance’s hot wallets on October 29 and 30. Binance reportedly froze some of the stolen assets and said remaining losses would be covered by its Secure Asset Fund for Users (SAFU). During the disruption, Bitcoin traded around $77,000–$78,000, while cross-exchange arbitrage was blocked. Binance began restoring some services on November 1, reopening Bitcoin and Ethereum withdrawals in stages. Traders are watching whether the Coinbase Bitcoin premium returns towards normal as transfers resume. A narrowing gap would support the view that the discount was an operational anomaly; a persistent negative premium after full service returns could point to weaker US demand.

Bitcoin tracking data shows Bhutan now holds 518 BTC, down from roughly 13,000 BTC previously. At its earlier peak, Bhutan’s holdings were close to twice El Salvador’s reported Bitcoin holdings. The data does not specify when or why the holdings declined, or whether the reduction reflects sales, transfers, or changes in tracking.

Bitcoin sweeper bots spent about $4,800 in transaction fees to capture just $12.67 from a compromised address in January 2026. The address used a private key derived from a publicly visible Bitcoin coinbase transaction ID, making its funds accessible to anyone who could identify the weakness. Competing bots used replace-by-fee (RBF) transactions to outbid one another. The deposits totalled 0.00020305 BTC and were swept within minutes. The fee bidding transferred most of the cost to miners, while the bots collectively spent roughly 380 times the value they claimed. The episode highlights the risks of weak keys and the potentially poor economics of automated Bitcoin sweeping. It is unlikely to affect Bitcoin’s broader market price, but repeated bidding wars could lead bot operators to set tighter spending limits.

XRP remains below $10 despite Ripple’s cross-border payment technology being used by financial institutions in regions including Dubai, Japan, Asia and the Middle East. Crypto commentator Sunny Girl has questioned why adoption has not translated into stronger XRP price performance, underscoring the difference between using Ripple’s payment network and creating demand for XRP itself. The summaries point to several possible constraints: XRP has a total supply of 100 billion tokens, substantial holdings are associated with Ripple and early investors, and institutions may use XRP only briefly as a bridge asset before settling in fiat. Such transactions can create demand without encouraging long-term token holdings. Community members disagree on whether institutional adoption or escrow releases could support a repricing, while others question ambitious price targets. The earlier account said the SEC case had ended and the regulatory climate had improved, although the market may still be adjusting to those developments. For XRP traders, the key signal is whether payment-network adoption produces measurable, sustained demand for the token. Adoption alone has not established a clear path to higher prices.

The FBI has attributed the 29 October Binance hack to North Korea-linked group TraderTraitor, calling it the largest crypto theft on record. Estimates of the stolen assets range from about $6 billion to $6.4 billion. The FBI, US Secret Service and IRS Criminal Investigation unit identified more than 600 Ethereum addresses, nearly 20 Bitcoin addresses and one Solana address, and urged crypto firms and services to block transactions linked to them—including funds moved downstream from the listed wallets. Investigators say the attackers converted much of the stolen crypto into Ether and used automated tools to move funds across blockchains. Chainalysis warned that laundering could spread through bridges, DeFi platforms and instant exchanges, complicating efforts to trace and recover assets. Binance says it has committed more than $6.34 billion in resources to cover losses, replaced about 90% of users’ lost tokens and worked with partners to freeze assets. About $2.4 billion in stablecoins was frozen. The Binance hack increases scrutiny of crypto security and cross-platform coordination. At publication, ETH was trading at $2,268.27 and BTC at $77,838; the article said neither price move was linked to the theft, leaving the direct market impact unclear.

PUMP fell nearly 30% in October as the memecoin market weakened. Memecoin market capitalisation dropped 15%, losing more than $5 billion, while Dogecoin declined almost 20% and Ethereum fell 16%. Pump.fun co-founder Alon said the wider market downturn had weighed on PUMP in the short term but remained optimistic about its long-term outlook. Data cited in the article raises concerns about Pump.fun’s growth model: just 312 of the platform’s 24 million launches exceeded a $100,000 market cap, a success rate of 0.0013%. Stonk.fun recorded a 0.038% rate, nearly 29 times higher, based on 75 of 197,664 launches. Cooling speculative demand and the low rate of successful launches could make it harder for Pump.fun to sustain user activity and trading volume. Traders will be watching whether PUMP can hold the $0.004 support level and whether a broader market recovery revives interest in memecoins.

Ethereum tokenized stock trading reached $827 million in cumulative volume by the end of October, according to a report from analytics platform Token… The article says activity expanded across more wrappers and trading venues during the month. The reported growth was 170% on an annualized basis. The figures point to rising activity in tokenized stocks on Ethereum, but the article provides no detail on the volume methodology or any direct effect on ETH’s price.

About $275.9 million in token unlocks is scheduled across 12 altcoins from November 2 to 8, 2026, with times listed in UTC+3. The latest schedule names Bitway (BTW) as the largest release at $112.07 million on November 2, followed by Kite (KITE) at $96.56 million on November 3. Kite’s unlock is reported as 30.45% of its stated market value. Stable (STABLE) is scheduled to unlock $23.28 million on November 8, while Ethena (ENA) has a $17.72 million unlock listed for November 2. The schedule also includes Quack AI (Q), DoubleZero (2Z), Impossible Cloud Network (ICNT), Lagrange (LA), Momentum (MMT), Succinct (PROVE), Power Protocol (POWER) and GoldFinger (GF). Lagrange’s $1.68 million unlock is equivalent to 15.04% of its market value. An earlier report gave different estimates for several unlocks, including BTW, KITE and ENA, and said ENA had releases on both November 2 and 5. It also cited an AVAX unlock on November 8, which is not included in the later 12-token schedule. The later figures should be treated as the updated schedule, while the discrepancy remains unclear. Token unlocks increase the amount of a token that may become tradable and can weigh on prices if recipients sell. The size of an unlock relative to market value, alongside price action, trading volume and exchange liquidity, may help traders assess short-term pressure. However, the schedule does not indicate whether recipients will sell, so token unlocks alone do not confirm selling or predict a price move.

Binance co-founder Yi He warned users on Sunday, November 1, that the exchange is not running a cash voucher campaign. She urged the community to treat reward links circulating on social media as potential phishing attempts. The warning follows fake claims offering $150 in compensation, ahead of a Monday review. The available report says Binance’s community rewards campaign has specific requirements but does not provide further details. Users should verify promotions through official Binance channels and avoid sharing account details through unverified links.

Tokenized stocks on Ethereum rose 170% year over year to $827 million at the end of October 2026, according to Token Terminal. The increase points to growing activity in on-chain equities, though Ethereum’s tokenized stock market remains smaller than those on some other networks. About 86% of tokenized stocks use a fully backed, 1:1 structure. Ethereum also hosts 53.8% of the global stablecoin market, worth $158.71 billion, giving tokenized stocks access to established blockchain infrastructure and liquidity. Trading is expanding in derivatives as well: open interest in contracts referencing tokenized equities reached a record $1.76 billion. Hyperliquid offers spot and derivatives markets for tokenized stocks and crypto assets. Its HYPE token was reported near $87.70, with the platform buying back about $1.24 million of HYPE daily. The article cites $70–$76 as a support area and $90–$100 as a potential near-term target, though these are market expectations, not guarantees. The growth in Ethereum tokenized stocks and equity derivatives highlights the development of on-chain markets for traditional financial assets. It does not, by itself, confirm broad adoption or indicate a direct shift in prices across the wider crypto market.

Tracked exchange wallets held 22.48 billion XRP on October 31, down 133 million tokens, or about 0.6%, over seven days. The decline came just before Ripple released 1 billion XRP from escrow on November 1, in two transactions of 500 million each. Ripple’s locked balance fell from about 31.4 billion to 30.4 billion XRP. The movements do not confirm that XRP was sold or that the full escrow release entered the market. Exchange wallet data can be affected by internal transfers and address reclassification. Ripple has returned about 700 million XRP to escrow in each of the previous two monthly cycles, limiting the net increase in unlocked supply to roughly 300 million each time. XRP traded near $1.25 after falling about 18% in October. The exchange balance decline may ease concerns about immediate selling pressure, but the escrow release and recent price weakness leave supply and demand in focus. Traders are likely to monitor subsequent transfers and market flows for clearer signals.

Binance has restored withdrawals on 15 networks after processing a net outflow of about $3.64 billion on 1 November. By 15:30 UTC, Binance had handled $4.649 billion in withdrawals and $1.01 billion in deposits. The net outflow was around 2.1% of its $171 billion in assets under management. Binance said withdrawals surged initially but later stabilized, while deposits remained elevated. It is testing other networks and assets for later withdrawal-restoration phases. Binance also completed a new proof-of-reserves snapshot and began zero-knowledge proof calculations; an updated report is expected on 2 November.

Credit default swap (CDS) spreads on major AI-linked companies, including Meta, Broadcom and Nvidia, have widened even as their share prices have remained resilient or risen. The divergence suggests credit investors are pricing in greater default risk than equity markets appear to reflect; the article provides no specific spread figures or default-probability estimates. Wider credit spreads can increase financing costs and weigh on equity valuations. That leaves high-valued AI companies more dependent on rapid earnings growth to support their share prices. If spending continues to rise while earnings growth slows, the gap between credit-market caution and equity-market optimism could become a source of volatility, particularly for heavily weighted S&P 500 stocks.

DTCC chief executive Frank La Salla appeared with Chainlink co-founder Sergey Nazarov in New York, saying Chainlink could help unlock billions of dollars in trapped liquidity. The appearance followed DTCC’s launch of a tokenization service. Chainlink also introduced continuous, 24/7 pricing for tokenized assets. Despite the institutional headlines, LINK rose only modestly and remains about 78% below its May 2021 peak. Earlier DTCC announcements also failed to produce a sustained price rally, and Chainlink has not disclosed a fee model that directly benefits LINK holders. LINK traded near $11.74, between its 200-day moving average at about $11.02 and its 50-day average near $12.11. A daily close above the 50-day line could signal improving momentum. Support is around $10.91, while resistance is near $12.71. Momentum indicators remain weak, so the rebound is not yet confirmed. AVAX traded around $8.91, below both key moving averages. It needs to rise about 9% to reach resistance near $9.76; a drop below $8.26 could expose support near $7.04. Traders are watching whether LINK can reclaim its 50-day average and whether AVAX can clear its overhead averages. The technical picture remains fragile for both tokens.

CAP fell 17% in 24 hours, with CoinGlass data showing about $59,400 in long liquidations versus $395.63 for shorts. The imbalance highlights strong selling pressure on CAP. Perpetual-market netflow was negative by $2.26 million, indicating capital outflows. Spot-market netflow was positive by $27,700, suggesting a modest increase in exchange-bound tokens and potential selling pressure. However, CAP’s funding rate remained positive at 0.0050%, pointing to continued long positioning among perpetual traders. Nearby liquidation clusters below the current price could attract a further decline, while buying demand in that area may support a rebound. The analysis identifies about $0.12 as a possible upside target if demand returns, but continued selling could prolong CAP’s losses.

U.S. spot Bitcoin ETF outflows surged to $643.2 million on Friday, the largest single-day withdrawal reported for October, after an earlier snapshot showed $137.9 million in outflows. The later figures erased a four-day inflow streak and put the week’s net flows at about -$202 million, compared with an earlier estimate of +$301 million. Bitcoin ETFs’ cumulative net inflows were reported at $57.4 billion, versus $57.6 billion in the earlier account. Ethereum ETFs also shifted from an earlier reported $4.4 million Friday inflow to $155.7 million in outflows in the later report, which put weekly withdrawals at about $431 million. Solana ETFs recorded $10.8 million in Friday outflows and roughly $72 million for the week. The later report linked the sell-off to the first full trading session after a reported $6.4 billion Binance hack. Bitcoin fell about 4% to around $76,400 before stabilising near $77,520, while more than $1.3 billion in leveraged positions were liquidated. Ether traded near $2,251 and Solana around $96. Binance said it would cover losses, and Tether and Circle froze more than $2.3 billion in stolen stablecoins. Prediction-market traders also showed bearish expectations for ETH and SOL. The sharp Bitcoin ETF outflows and price decline point to near-term caution, although Bitcoin’s recovery and the response to the hack could help contain wider market stress.

Bitcoin closed October down 7.32%, its worst October performance since 2014 and its second consecutive annual October loss. BTC traded between $76,337 and $81,840 in the final week as reports of a major Binance security breach unsettled the market. The article puts the reported breach at $6.3 billion, while investigators were said to have frozen about $3 billion in assets. More than $1.5 billion in leveraged positions were liquidated during the initial 24 hours, and US spot Bitcoin ETFs saw about $643 million in net outflows on Oct. 30. Bitcoin is down roughly 11.2% year to date. Traders are watching support around $76,000–$76,500; a break could expose $75,000 and $73,000, while a recovery above $78,000–$80,000 may improve the near-term outlook. November has historically been a strong month for Bitcoin, but seasonal trends may be outweighed by security concerns and fund flows.

Binance co-founder He Yi has warned users about a scam that uses Telegram’s GRAM transfer feature to impersonate Binance. Scammers send small amounts of GRAM with transaction messages containing a fake Binance announcement that claims the exchange has been hacked and user assets are at risk. The message then urges recipients to move funds to a purported “Binance insurance vault.” The warning says the announcement is fraudulent; users should not transfer assets or trust instructions delivered through GRAM transaction messages. The scam highlights the risk of social engineering and fake security alerts, rather than confirming any Binance breach.

US Senator Cynthia Lummis said hackers stole $6.3 billion in crypto assets this week and moved the funds across blockchains within minutes. She said the proposed CLARITY Act would establish a pilot programme for crypto companies to share intelligence directly with federal law enforcement. Lummis argued that closer cooperation could help stop stolen crypto funds from being transferred. The article does not identify the affected assets or provide further details about the reported thefts.

The article argues that concerns about an AI bubble have not changed the case for investing in AI infrastructure leaders. It says Microsoft stands out among major technology companies for maintaining free cash flow discipline while signalling strength in its core software business, despite plans for substantial capital expenditure. Amazon, Google and Meta are also increasing AI-related spending. The article says these companies aim to build broader AI ecosystems and reduce reliance on Nvidia’s chips. Meta is seeking an early advantage with its Meta Muse AI agent, while Google is pursuing an end-to-end AI strategy that includes custom chips. The author acknowledges near-term volatility and macroeconomic risks but remains optimistic about long-term growth in AI infrastructure. The article does not provide detailed earnings figures or specific capital-spending forecasts.

Nvidia’s long-term supply and capacity commitments rose to $279 billion by July 26, 2026, from $119 billion one quarter earlier, putting its fabless model and future flexibility under scrutiny. The commitments are mainly tied to memory supply and capacity. Ahead of its expected November 17–18 earnings release, Nvidia has forecast fiscal Q3 2027 revenue of $108 billion, plus or minus 2%, and a gross margin of about 74%. Some estimates put revenue at $113 billion to $114 billion. In Q2, Nvidia reported $96.22 billion in revenue, including $89 billion from Data Center, and adjusted earnings per share of $2.22. The large supply commitments could signal confidence in sustained AI demand, but they also create risk if spending slows. Traders will watch Nvidia’s revenue against guidance, gross margins, the growth of its supply obligations and any contribution from the Vera Rubin platform.

Crypto venture capital figures said the reported Binance hack, which the article puts at more than $6 billion in losses, triggered a relatively restrained market response. Dragonfly’s Haseeb Qureshi contrasted the reaction with the fallout from FTX, noting that prices fell only a few percentage points and that market participants appeared confident Binance could cover losses. Other investors described the sell-off as a possible market reset, while warning that macroeconomic uncertainty could fuel volatility in the coming weeks. HashKey Capital’s Rui cautioned that a loss of this scale could still prompt some outflows. The article also flags possible US expansion for Hyperliquid. The parent company of the New York Stock Exchange, ICE, reportedly partnered with Trade.xyz on plans for a perpetual-futures market built on Hyperliquid. The roundup lists research from 1kx on crypto-industry revenues, IOSG Ventures on post-conference building activity, and Galaxy on indicators suggesting Bitcoin may be near a market bottom. It also says 15 funding rounds were publicly announced between 19 and 25 October, totaling more than $100 million. For traders, the immediate focus is Binance-related flows, market liquidity, and volatility, alongside developments around Hyperliquid’s US plans. The article’s loss figure and event details are reported claims, not independently verified here.

Bitcoin rebounded from support near $76,000 after market turbulence linked to a reported $6.3 billion Binance hot-wallet security breach. It was trading near $77,170 on Saturday, still about 39% below its October 2025 record of roughly $126,000. TRM Labs reported that attackers moved about 18,270 BTC, worth $1.47 billion, alongside funds on other blockchains. Binance said withdrawals resumed on November 1 as its investigation continued; earlier, it had indicated a phased restart would depend on security checks. Bitcoin now faces resistance around $78,000–$78,800, with $79,800 a further level traders are watching. A sustained move above resistance could bring $80,000 and then $82,000–$83,000 into focus. If the recovery fails, BTC could retest support below $75,000; a break under $76,000 had also put about $73,000 in view. US spot Bitcoin ETFs recorded about $643 million in net outflows on October 30, ending four sessions of inflows. BlackRock’s IBIT and Fidelity’s FBTC accounted for roughly $233.7 million and $201 million in withdrawals, adding to pressure from liquidations and weaker risk appetite. Strategy holds 848,517 BTC, valued at about $66 billion, but its latest filing showed no purchases in the prior week, despite Michael Saylor hinting the company may have room to buy more. Traders are watching Bitcoin’s ability to reclaim resistance, ETF flows and further Binance updates for signals on near-term volatility.

Blockchain analytics firm Lookonchain says the Binance hacker sold more than 130 altcoins across EVM-compatible networks, generating proceeds of about $279 million. The reported sales included 123,400 ETH worth roughly $277.26 million, 1.69 million USDC and 499.9 billion SHIB valued at about $1.96 million. The hacker was also reported to have swapped 970,522 SOL, worth around $95.9 million, for BTC. The breach reportedly affected about $6.3 billion in assets. Binance said it had replenished roughly 95% of affected assets and would cover users’ losses while restoring remaining token balances. SHIB fell to $0.00000446 on 29 October amid the wider market sell-off, then rebounded. At the time of the report, it traded at $0.00000469, down 3.14% over the week. Continued liquidation by the Binance hacker may sustain short-term selling pressure, while Binance’s reimbursement efforts could help limit concerns about user losses.