Crypto News

On-chain analyst Yu Jin reported that 1.223 million SOL, worth about $117 million, entered Coinbase Prime through a single deposit address around two hours before the report. The transfer puts a large amount of SOL in a Coinbase institutional platform, but the destination alone does not confirm whether the tokens will be sold. Traders may watch for further on-chain movements and exchange-related flows for signs of potential selling pressure. The immediate market impact of this SOL transfer remains uncertain.

Iron Fish will end all support for its privacy blockchain after discovering an inflation bug that allowed an attacker to repeatedly spend the same assets and bridge newly created tokens to Base through ChainPort. The flaw stemmed from a 2019 Merkle tree implementation: a note could be presented at a different tree position and produce a different nullifier, evading duplicate-spend checks. Base’s wIRON supply surged from about 3.93 million to more than 2.96 billion in under 16 hours—roughly 36 times the 76.97 million IRON in circulation. IRON fell about 77% in a week to roughly $0.017, leaving it with a market capitalisation of about $1.32 million. Iron Fish merged a patch, but it changes the consensus Merkle root and is compatible only with a newly launched chain; there is no upgrade path for the existing mainnet. The team said it would archive the code repository and end network support. Because Iron Fish hides note positions, the amount created through the exploit cannot be reliably determined from on-chain data.

Binance founder Changpeng Zhao (CZ) clarified on 31 October that mentioning Binance’s more than $1 billion stake in SpaceX was not a threat to Elon Musk, and that he never said the shares would be sold. CZ said he brought up the stake because a comparison with FTX in the discussion could have suggested Binance lacked funds. He said the holding was small relative to SpaceX and that he considers the company’s stock a strong long-term investment. The clarification may ease speculation about a dispute between Binance and Musk, but it does not indicate a change in Binance’s crypto holdings or trading plans.

Weekly NFT sales fell 35.37% to $42.13 million, even as trading activity increased. Buyer addresses rose 44.10% to 216,012, seller addresses climbed 46.59% to 192,788, and transactions increased 30.54% to 935,198. The lower sales total alongside higher activity points to a sharp decline in average transaction value, to about $45. Ethereum led blockchain NFT sales with $13.17 million, down 17.53%, while Polygon ranked second with $9.40 million. Bitcoin fell to third place after sales dropped 79.89% to $6.27 million. Courtyard topped collections with $8.58 million in sales. A single $2.82 million BRC-20 NFT sale was the largest individual transaction and accounted for nearly 45% of Bitcoin’s weekly NFT sales. The data suggest that NFT sales weakened in dollar terms, despite more buyers and transactions. For crypto traders, the divergence points to smaller average trades and uneven activity across networks, rather than a broad-based rise in NFT demand.

Bitcoin is testing the cost basis of short-term holders, according to CryptoQuant analyst Axel Adler Jr. He said the market reaction to the Binance hack has so far been restrained. Compared with the FTX collapse, Bitcoin is showing greater resilience, though the test of the short-term holder cost basis remains an important level for traders to monitor.

Flap says its official website, flap.sh, has returned to normal access, while its backup domain, flap.cool, will remain available. Users can currently access Flap through either domain. The project thanked the community for its patience and support and said it will continue monitoring the platform. The update concerns website availability; it did not report user losses or other effects.

StepDrainer, a wallet-draining toolkit, was detected across at least 12 cryptocurrency websites on October 31 after attackers compromised domain infrastructure. Affected projects include Flap, Kintsu and StonkFun, as well as several DeFi applications. The attacks targeted website frontends, not the underlying smart contracts, and could expose visitors to deceptive wallet connections, transaction approvals or signatures. Kintsu urged users who interacted with its site after 00:00 UTC to revoke suspicious token approvals and move potentially exposed assets. Flap moved its platform to flap.cool, while teams investigated how the domains were compromised. No confirmed estimate of losses or identified attackers has been reported. The StepDrainer incidents follow a separate Polymarket frontend compromise that reportedly drained about $2.7 million earlier in the week, highlighting the risks of DNS and other web infrastructure attacks in crypto.

Chainalysis disclosed a security breach on October 30, saying an external attacker used “offensive agentic techniques” to access internal systems and tools. Exposed customer data included user IDs, names, email addresses and organizational roles; the number of affected users and organizations has not been disclosed. Chainalysis said it has found no evidence that investigation records, transaction or query results, plaintext passwords, multifactor authentication secrets or active session tokens were accessed. The findings remain preliminary, and the company is working with external cybersecurity specialists to assess the breach and strengthen its systems. It plans to provide affected customers with individual assessments. The Chainalysis breach was unrelated to a recent Binance crypto theft, and no cryptocurrency theft or direct impact on customer funds or trading activity has been reported. However, the exposed details could support targeted phishing. Chainalysis advised customers to watch for unexpected password resets or authentication prompts and enable two-factor authentication.

Blackstone reportedly told investors in a $63 billion chip-financing deal that Anthropic may receive a speculative-grade BB rating after going public, rather than the investment-grade rating Blackstone had expected earlier. S&P, Moody’s and Fitch have not formally rated the company; KBRA previously assigned it BB+. The rating could affect borrowing costs and the pool of potential bond buyers. Blackstone funds hold about $9 billion of subordinated debt in the financing, carrying a 10% coupon. The deal also includes senior debt backed by Broadcom, while Anthropic’s own credit rating is more relevant to the subordinated portion. Investors are weighing Anthropic’s substantial computing commitments, which are reported to exceed $800 billion through 2045, against its liquidity. As of 30 June, the company reported $112.4 billion in cash and equivalents and $19.3 billion in short-term investments. The scale of its future AI infrastructure spending could mean further borrowing after its planned IPO, adding scrutiny to Anthropic’s credit risk and financing costs.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has deleted its original post about a partnership with Trade.xyz but still retains a repost of Trade.xyz’s promotional announcement. The planned collaboration would bring perpetual futures to US regulated markets using the Hyperliquid platform. The products would be linked to stock indexes, commodities and currencies, with separate clearing, customer verification and anti-money-laundering systems. The launch is still subject to regulatory approval. ICE’s deletion of the original post does not, by itself, confirm that the proposed partnership has been cancelled.

Anthropic’s planned Nasdaq listing has put AI infrastructure spending under scrutiny. After the company filed its S-1 on 26 October, Vertiv shares rose 25% over three trading days, while CoreWeave gained 17.9%, Oracle 14.4% and Nvidia 2.1%. The contrast suggests investors are rewarding visible orders and nearer-term cash flows, not simply the largest AI spending commitments. Anthropic reported second-quarter revenue of $11.555 billion, up 144% quarter on quarter, and an 8% operating margin. However, it recorded an operating loss for the first half. Its S-1 lists roughly $657 billion in named computing arrangements, including about $266 billion in fixed or minimum commitments. The filing does not state a single $807 billion total cited in some media reports. The commitments span cloud capacity, chips, networking, power and cooling. Cloud providers are investing heavily to build capacity, while Broadcom has a distinctive role as both equipment supplier and financing participant. Vertiv’s share surge followed strong results, but its orders and payments still need to translate into delivered capacity and cash receipts. For traders, the key signals are AI customer usage, infrastructure delivery, supplier cash collection and cloud providers’ capital spending. The filing may support demand expectations across the AI supply chain, but long-term commitments also create financing and execution risks if usage growth slows.

Titan Builder briefly led DeFiLlama’s 24-hour revenue rankings on October 31, 2026, with $22.83 million, ahead of Tether’s $16.99 million and Circle’s $6.76 million. The spike was linked to increased Ethereum MEV bot activity, which intensified competition for profitable transaction ordering. Titan Builder reportedly accounted for about 52% of MEV-Boost blocks in October and has generated more than $160 million in cumulative revenue. The ranking was a short-term surge: builder income can fluctuate with network activity, and Titan’s longer-term revenue generally remains below Tether’s. Titan Builder has no token and says it avoids searching for its own MEV opportunities.

XRP is trading near $1.25 after failing to break above the upper boundary of its short-term descending channel. The level aligns with the 0.618 Fibonacci retracement and a previous demand zone. A recent dip to about $1.20 was followed by a modest rebound, but buyers have not yet confirmed a firm defense of support. A daily close below $1.20 could expose the $1.10–$1.14 demand area. To improve the short-term outlook, XRP would need to recover $1.28, break above the descending channel and reclaim resistance around $1.40. For now, the chart structure favors sellers.

Crypto funding reached at least $1.24 billion across 10 disclosed deals from Oct. 24 to 30. The total includes debt and secondary share sales, and excludes Ibis’s separate $250 million institutional credit facility. Kalshi led the crypto funding activity with a $1 billion Series G at a $40 billion valuation. Wellington Management and Sequoia co-led the round. Kalshi plans to invest in product development, institutional sales and international expansion. It reported more than 30 million accounts and annualized trading volume above $1 trillion. HIVE Digital Technologies’ BUZZ subsidiary arranged about $129 million in three-year debt at a fixed 9% interest rate to finance Nvidia GPU infrastructure for a Canadian deployment. PhotonPay raised $40 million in a Series C led by Blockchain Capital to expand its stablecoin payments platform, wallets and global payment services. Other deals included $30 million for AI-computing company Hyperbolic, $16 million for Luxor, and smaller rounds for compliance, brokerage, cross-chain trading and tokenized-credit projects. The activity points to continued investment in crypto infrastructure, stablecoin payments and AI computing, though fundraising figures alone do not indicate an immediate change in token prices.

StonkFun says its website is back online after it was taken down in response to a domain attack and migrated to new infrastructure. The project reports that its on-chain functions are operating normally and that it has not identified any affected users. StonkFun advises users to wait up to an hour for DNS changes to synchronize before connecting a wallet through the official website.

Changpeng Zhao (CZ) said he has never stated that Binance plans to sell its SPCX shares and described the stock as a worthwhile long-term holding. He said he mentioned the stake to clarify that Binance holds assets beyond cryptocurrencies, after a post comparing Binance with FTX raised questions about the exchange’s financial resources. CZ added that Binance’s holding is too small to pose a threat and urged people not to frame the matter as a conflict. The SPCX shares came from Binance’s $500 million investment in Elon Musk’s acquisition of Twitter and are now worth more than $1 billion, according to CZ’s earlier post.

USDC’s circulating supply fell by about 800 million tokens in the seven days to 29 October, as Circle issued roughly 10.9 billion USDC and redeemed about 11.7 billion. Despite the weekly decline, total USDC circulation stood at 70 billion tokens. Circle reported reserves of about $71.4 billion, including $32.9 billion in overnight reverse Treasury repurchase agreements, $27.5 billion in US Treasuries with maturities under three months, $10.4 billion in deposits at systemically important institutions and $600 million in other bank deposits. The figures provide a snapshot of USDC issuance, redemptions and reserves; they do not by themselves indicate a broader shift in crypto-market direction.

Binance reported a $6.3 billion security breach on Oct. 29 and said it would cover customer losses using its SAFU fund and company resources. Partners froze about $3 billion in assets. Binance’s preliminary investigation pointed to a compromised engineer’s laptop, but found no evidence that wallet private keys were exposed. The Binance breach adds security concerns to an already volatile market; TRM Labs linked the attack to North Korea’s TraderTraitor group, though Binance has not confirmed that assessment. The Federal Reserve held its benchmark rate at 3.75%–4.00% in a 10–2 vote, with two officials favoring a further increase. Bitcoin was near $80,800 at the time. The CFTC is seeking feedback on a possible voluntary registration framework for crypto exchanges handling leveraged retail trades; comments are due Dec. 14, and no framework has been finalized. Other market developments included $440.8 million in US spot Bitcoin ETF inflows over four sessions, mostly into BlackRock’s IBIT. Coinbase reported $719 million in quarterly net income, including $715 million in unrealized crypto investment gains. Tether reported $1.5 billion in operating profit and $7.95 billion in excess reserves. Institutional activity also advanced: DTCC launched a securities tokenization service, while Aviva Investors issued a tokenized fund share class on the XRP Ledger. Separately, CoinDCX acknowledged a $15.99 million USDT wallet loss and said customer balances were unaffected.

PEARL has fallen more than 35% from its $2.43 record high in ten days, while network hashrate dropped from a peak of 100.92 EH/s to 85.52 EH/s. Rising mining difficulty and lower prices have cut GPU returns by more than 30%, prompting high-cost miners to leave. PEARL mining economics vary widely: home miners may remain profitable because their GPUs are already paid for, while short-term cloud renters can lose money when prices fall. Some large farms are also switching GPUs to AI rental services, which reportedly offered better returns than mining on 30 October. The article also highlights longer-term risks for PEARL: a study found more than 90% of sampled computing capacity was not doing genuine AI work; daily token issuance of about one million PEARL could add substantial sell pressure; and one mining pool reportedly controls close to half of the network hashrate. Whether Pearl can attract real AI workloads may determine its long-term prospects.

Monad co-founder Keone Hon has urged crypto teams to make operational security a priority and test smart contracts with Ultrafuzz, the foundation’s open-source AI-assisted security tool. Ultrafuzz supports Solidity and Vyper and uses AI agents to investigate contract behavior and identify potential vulnerabilities. Monad advises running the tool only in isolated, disposable virtual machines because its agents have unrestricted permissions. Hon also shared the Crypto OpSec Bible and guidance on administrator access, phishing, credential management, employee devices and third-party accounts. The guide cites ChainLight’s Lumos tracker, which recorded $3.31 billion in losses from control hijacking, compared with $983 million from smart-contract vulnerabilities, for incidents tracked from January 2023 to its reporting cutoff. Control hijacking includes stolen keys, social engineering and supply-chain attacks. The appeal renews attention to Ultrafuzz, which was open-sourced on September 10, and follows incidents involving compromised credentials and malicious software dependencies. The announcement is primarily a security-focused development, rather than a direct trading catalyst for MON or the wider crypto market.

Bitget will introduce dynamic leverage management for 21 CFD forex pairs from 1 November, with maximum leverage of 2,000x. The pairs include EUR/USD and USD/JPY. Bitget CFD forex positions will also use tiered margin rates, with requirements varying by exposure range. The change expands leverage options and may improve capital efficiency, but high leverage can magnify both gains and losses.

Binance co-founder He Yi said she understands why some users are concerned about Binance’s solvency following a theft incident that prompted allegations of an inside job. She pointed to publicly available data, including Binance’s trading volume, fee revenue, user base and quarterly BNB burns, as information users can assess. Her response did not provide specific figures or details about the incident. The comments may reassure some traders, but public operating metrics alone do not establish an exchange’s full reserves or prove its ability to meet all obligations.

StonkBrokers founder SimpleFarmer said the platform’s official website was not attacked after Blockaid issued a security alert about a suspected domain attack. The alert was a false positive: the flagged malicious domain was not the official site, which is StonkBrokers.io. Blockaid removed StonkBrokers from its affected list and deleted its warning post. The team said the malicious domain has been taken offline. The clarification reduces immediate concerns about a StonkBrokers security breach, though users should continue to verify website URLs before connecting wallets.

US spot Bitcoin ETFs recorded $643 million in net outflows on October 30, more than reversing the $424 million to $441 million they attracted over the previous four trading days. BlackRock’s IBIT lost about $234 million and Fidelity’s FBTC about $201 million. Bitcoin ETFs still held $98.14 billion in net assets—about 6.34% of Bitcoin’s market capitalisation—and retained roughly $56.98 billion in cumulative net inflows since launch in January 2024. Spot Ethereum ETFs also saw significant withdrawals, with $156 million in net outflows, including about $76.6 million from BlackRock’s ETHA. Their holdings were estimated at $13 billion to $14 billion, making the withdrawals larger relative to their asset base. The Bitcoin ETF outflows followed Binance’s report of approximately $6.3 billion in unauthorised withdrawals. That incident may have weighed on sentiment, though profit-taking and month-end risk management are also possible explanations. Traders will be watching whether ETF flows recover or signal sustained demand weakness.

Bitcoin marked the 18th anniversary of its white paper as institutional adoption and security risks featured in the latest crypto headlines. Morgan Stanley reportedly bought 1,302 BTC for more than $100 million, while Upbit disclosed that Dunamu & Partners holds about 2,081 BTC and has sold none. The purchases underscore continued institutional interest in Bitcoin, though they do not guarantee further price gains. Several crypto websites, including Flap and Kintsu, suffered DNS hijacking incidents. Users were warned not to connect wallets; Kintsu also advised users to revoke permissions and move assets. Blockaid separately warned that StepDrainer attacks are expanding. An a16z-linked entity was suspected of selling 118,000 HYPE worth about $10.7 million. Vitalik Buterin also advocated reducing reliance on social media and the internet in the AI era.

Bitdeer reported mining 294.2 BTC in the week through 16 October and selling all of it. In its later update, the Bitcoin miner said it produced 265.5 BTC in the week ended 30 October 2026 and again sold the entire amount. Bitdeer’s reported Bitcoin holdings remain at zero, excluding customer deposits, with no net additions. The latest output was 28.7 BTC lower than the earlier weekly figure. For traders, the sales represent a modest source of miner-related BTC supply, while the repeated zero-balance reports suggest Bitdeer is continuing to sell newly mined Bitcoin rather than build a corporate treasury position.

Titan Builder, an Ethereum block builder operated by London-based Gattaca, reported $22.83 million in revenue in 24 hours after a major crypto theft triggered frantic token swaps and intense competition to have trades included in blocks. The figure put Titan Builder ahead of Tether and Circle on DefiLlama’s protocol revenue rankings for the period. Blockchain analytics firm Bitquery counted 10,251 ETH in tips paid to block builders during the episode, compared with 4.6 ETH during the same period the previous night. More than 10,000 transactions failed, while Ethereum network fees rose to $56.4 million. The article says traders and bots earned about $59.9 million, block builders and validators received $29.5 million, liquidity providers received $20.2 million, and execution intermediaries took $6.7 million. Titan Builder constructs roughly half of Ethereum’s blocks and its relay connects to more than 90% of validators, according to the article. Gattaca says it does not trade on its own account; its revenue comes from transaction ordering and related infrastructure services. The incident highlights how Ethereum block builder revenue can surge during market stress, while also drawing attention to the concentration of block-building and validator connections.

Flap has moved its website to flap.cool, saying the change is intended to protect user security and maintain platform stability. The project warned users not to visit flap.sh or connect a wallet or sign transactions on that domain. Users should verify they are using Flap’s new domain before interacting with the platform.

A reported $6.3 billion breach at Binance has prompted major crypto exchanges to review and strengthen their security measures. Blockchain analysts attributed the incident to compromised transaction-signing infrastructure. Binance said customer funds were safe and it would cover the losses. Coinbase and Kraken are among the exchanges reportedly tightening offline-key controls, improving employee training and sharing threat information in real time. The Binance breach highlights risks to exchange operations and could renew calls for stronger oversight. For traders, further details about the incident and any follow-up security changes may affect confidence in centralized exchanges and short-term market sentiment.