Crypto News

Strategy’s third-quarter results underline its dependence on Bitcoin’s price. The company reported $19.53 billion in net income, while a $20.91 billion fair-value gain on its Bitcoin holdings drove reported operating income. The gain was non-cash; excluding it, Strategy’s operations lost about $2.6 million. Strategy recorded an operating loss of $1.89 billion for the first nine months of 2026, while its software revenue fell about 3% year over year to $125.4 million. During the quarter, Strategy acquired 7,218 BTC and sold 5,552 BTC, for a net increase of 1,666 BTC. It used sale proceeds to fund $239.9 million in preferred dividends and $108.6 million in STRC repurchases. The company also raised $5.41 billion by issuing MSTR shares. Separately, Strategy disclosed about $2.04 billion in STRC repurchases this year and said it sold roughly $431.8 million in BTC to help fund dividends and buybacks. CEO Phong Le said digital credit has become the company’s primary method of acquiring Bitcoin. As of October 25, Strategy held 848,517 BTC, acquired at an average cost of about $75,446 per coin. At a reported October 30 BTC price of about $76,749, the holdings were worth approximately $65.1 billion, around $1.1 billion above their cumulative cost. However, Strategy’s year-to-date BTC Yield was negative 3.7%, a potential dilution concern for common shareholders. Four preferred stock offerings—STRC, STRF, STRK and STRD—will move to daily dividend accrual; this does not mean the shares are tokenized or that cash is paid daily. CFO Andrew Kang is leaving on November 5. Le will serve as principal financial officer through 2026, with Reza Virasteh expected to become CFO in 2027. For Bitcoin traders, Strategy’s large holdings and continued financing activity provide a source of corporate demand, but BTC sales and the company’s reliance on unrealized valuation gains highlight the risks. Bitcoin’s price, financing costs and Strategy’s cash needs remain key factors to watch.

XRP Ledger developers have proposed four protocol changes, bundled in the fixCleanup3_5_0 amendment, to close loopholes that could let restricted tokens reach accounts without issuer approval. The fixes cover trust-line and transaction checks, as well as automated market maker (AMM) pools: accounts would need approval for both pool assets before receiving liquidity provider tokens, and unauthorized trust lines already holding tokens could not receive more. Unapproved holders would generally be able to return restricted tokens to the issuer, which could authorize them later. The changes do not affect XRP or require approval to hold it. The amendment has not yet been merged into the main XRP Ledger software, and activation requires more than 80% support from trusted validators for two consecutive weeks; no activation date has been set. The XRP Ledger Foundation calls the work routine protocol hardening and reports no known outside exploitation or user losses. The proposal follows a 2025 fix for an NFT-related loophole. For XRP traders, the changes could strengthen issuer controls for regulated stablecoins and tokenized assets, but they do not directly alter XRP’s utility or supply.

Anthropic has filed an S-1 registration statement for a potential Nasdaq IPO under the ticker ANT. An earlier report said the company could begin marketing the offering to investors during the week of Nov. 9, with a public debut potentially about a week later; the timetable has not been confirmed. The filing reportedly shows rapid revenue growth alongside a significant net loss, putting the company’s finances under closer scrutiny. Reports have floated a possible valuation as high as $2 trillion, but Anthropic has not confirmed its valuation or offering terms. Prediction-market activity cited in the later report reflects varied expectations, including a market-cap range of $1.75 trillion to $2 trillion. Retail investors cannot yet buy shares directly and may have to wait for the IPO or seek indirect exposure through funds and shareholders such as Amazon and Alphabet. Traders will be watching S-1 updates, the price range, roadshow dates and regulatory decisions. The Anthropic IPO remains subject to an uncertain timetable and valuation.

Binance says annual revenue can cover losses from a security breach estimated at $6.3 billion, without selling its SpaceX-linked stake. Co-founder Yi He said the exchange would make users whole, while Changpeng Zhao cited the stake—valued by him at more than $1 billion—as a possible resource if needed. The breach, disclosed on October 29, 2026, was reportedly enabled by a compromised employee laptop. Binance says about $3 billion in assets has been frozen on-chain and is working with law enforcement and stablecoin issuers to recover more. Its SAFU user protection fund holds around $1 billion or more; roughly $2 billion of the estimated losses remains to be accounted for by those figures. Binance reportedly held about $144 billion in custody before the incident. For traders, the key issues are how much frozen funds can be recovered, how SAFU payouts will work and whether Binance can cover the remaining losses through revenue without selling investments or passing costs to customers. The assurance may ease concerns about user losses, but the recovery timeline and final cost remain uncertain. The breach could also intensify regulatory scrutiny of exchange security and internal access controls.

Ethereum fell below $2,200 on October 30 as investigators traced nearly 490,361 ETH to wallets linked to a $6.3 billion Binance security breach. Bitquery said attackers initially withdrew about 200,630 ETH from Binance and acquired roughly 290,000 more by swapping stolen assets. One attacker-linked wallet received about 195,460 ETH, worth around $440 million at the time. The holdings had not moved to centralized exchanges or mixing services at the time of Bitquery’s analysis, so they represent potential—not confirmed immediate—selling pressure. Binance says about $3 billion in assets has been frozen and that customer funds will be covered. Ethereum’s price briefly reached about $2,188. Traders are watching $2,170–$2,200 as near-term support; a sustained break could expose $2,150 and $2,100, while a recovery above $2,250–$2,300 may ease pressure. The hack-related selling risk adds to concerns about whale transfers, exchange liquidity and October outflows from US spot Ethereum ETFs.

BNB fell more than 8% during the October 29–30 crypto selloff, dropping from about $760 to an intraday low near $683 after Binance disclosed a security breach. The token later rebounded to around $715–$720, but its break below $700 weakened its short-term price structure. Binance estimated that about $6.3 billion in digital assets were affected, while saying roughly $3 billion had been frozen with help from blockchain partners. The exchange reported no evidence that wallet private keys were exposed and pledged to reimburse affected customers through its SAFU fund and corporate funds. Deposits resumed, but withdrawals remained paused during security updates. Traders are watching $680–$685 as immediate support. A break below it could put $670 and $650 in view. On the upside, BNB needs to reclaim $700 and then $720; the former $750 support area may now act as resistance. Binance’s recovery efforts and further disclosures could influence confidence, while weakness in Bitcoin and Ethereum added pressure across the market.

Brent oil rose above $116 a barrel on October 30 after a tanker was attacked in the Strait of Hormuz, a key route for Gulf energy exports. The expiring December Brent futures contract gained nearly 2% to about $117.15, while US WTI approached $103.79. January Brent traded near $113, reflecting the difference between delivery contracts. The attack reportedly caused an engine-room fire, but the crew was safe and no environmental damage was reported. Concerns were also heightened by Houthi claims of an attack on Saudi Arabia’s Ras Tanura refinery, which Saudi authorities have not independently confirmed. Shipping and insurance costs could rise even if oil production remains unaffected. JPMorgan estimated Brent’s fundamental value at about $94, suggesting a geopolitical premium of more than $20 at prices above $115. Traders are watching resistance around $117–$118 and the $120 level, as well as possible diplomatic progress between Washington and Tehran that could ease prices. The November 1 OPEC+ meeting is another supply-market catalyst; seven major producers are expected to keep December output targets unchanged. US emergency oil reserves are around 282.6 million barrels, their lowest level since 1982.

Brent crude oil rose from $114.03, up 3.5% over 24 hours in the earlier report, to $118.02, up 2.7% over 24 hours in the later update, according to Gate data cited by Odaily. Neither report identified a specific catalyst. The rise in Brent crude oil may influence inflation expectations and broader risk sentiment, but the reports indicate no direct effect on cryptocurrency prices.

He Yi says the hacker took about $46 million in ETH in the AAVE-related incident. A further 60 million USDT deposited as collateral on AAVE is not within the scope of the complete freeze, according to her. If assets are unfrozen through law enforcement channels, the amount that can be recovered could be about $14 million higher. The update clarifies the scale of the loss and the potential recovery, but does not provide details on the incident’s cause or a recovery timeline.

LlamaRisk has proposed lowering borrowing caps on 27 Aave V3 reserves and withdrawal limits on six Aave V4 credit lines. The revised limits would be about 1.02 times borrowing levels before the 29 October Binance hot-wallet incident, removing roughly $3.7 billion in unused capacity from Aave V3 and $130 million from Aave V4. In Aave V3 Core, the WETH borrowing cap would fall from 2.4 million to 1.79 million tokens; USDT and USDC caps would be set at 2.56 billion and 2.27 billion, respectively. LlamaRisk said the attacker still holds substantial ETH, stablecoins and governance tokens, and could build large positions quickly after markets are unfrozen. The proposal is a risk-control measure, not a report that these amounts have been borrowed or lost. Aave V3 and Aave V4 users may face reduced borrowing headroom if the changes are adopted.

Taiwan’s GDP growth accelerated to 14.36% year on year in the third quarter of 2026, up from 12.93% in the second quarter and well above market expectations of 12% and ING’s forecast of 11.4%. Gross capital formation was a major driver, as Taiwanese technology companies expanded capacity to meet strong demand linked to artificial intelligence. The figures point to robust investment and momentum in Taiwan’s tech sector, but the article does not identify direct effects on cryptocurrency markets.

CertiK is joining the Arbitrum Mentorship Program, alongside Robinhood Crypto, to help early-stage Web3 startups improve security before launch. The program will offer founders access to CertiK’s AI Auditor and Skynet tools, discounted security assessments, and personalized mentorship on security, technology, business development and go-to-market strategy. Winning teams will receive additional support, including extended AI Auditor access, priority scheduling for pre-launch audits, market-specific regulatory guidance and promotional opportunities. CertiK CEO and co-founder Ronghui Gu said the partnership aims to help founders address security risks early and build stronger foundations for growth. The initiative is designed to help teams identify vulnerabilities in smart contracts and application infrastructure before deployment.

Objections to OKX-ICE tokenized stocks have risen from nine companies on October 15 to 38 by October 28, including 23 Nasdaq-listed issuers. Walmart, Eli Lilly, Cigna and Carnival are among those opposing the listing of tokenized versions of their shares on this specific venue. The latest report says Nasdaq representatives encouraged some companies to object; Nasdaq did not directly address the claim and said it supports issuer-focused tokenization within established market structures. OKX-ICE, a venture between OKX and Intercontinental Exchange, plans 24-hour trading in tokenized US shares for approved users. The proposed service would use permissioned Uniswap v4 pools on XLayer and stablecoins such as USDC. An SEC exemption gives issuers 30 days after notice to block unaffiliated third-party tokenization on the venue, while limiting eligible stocks and trading volumes. The objections do not prohibit tokenized shares on other platforms. Nasdaq is separately working with Kraken on an issuer-focused project targeted for the second quarter of 2027. Canton Strategic Holdings also plans to offer issuer-sponsored tokenized shares through TSV, potentially from November 2, subject to regulatory and operational requirements. The growing objections add uncertainty for tokenized stocks, but do not represent a blanket rejection of blockchain-based securities.

The Binance hack affected an estimated $6.3 billion in crypto, and the exchange says partners have frozen about $3 billion. The freeze is not the same as a recovery: Binance has not published a final accounting of returned assets or its net loss. Binance says it will cover all customer losses using its SAFU fund and company funds. Its preliminary investigation points to a compromised DevOps engineer’s laptop, but the exchange says it has found no evidence of leaked wallet private keys. A technical report and updated proof of reserves are still due. TRM Labs traced transfers across 10 blockchains and attributed the attack to North Korea’s TraderTraitor group; Binance has not confirmed the attribution. Blockaid identified 50 Ethereum EIP-7702 authorizations involving the Binance 14 hot wallet. Investigators describe both these Ethereum transactions and other signed transfers across multiple networks. For traders, the Binance hack raises short-term concerns about exchange security, withdrawal availability and the status of frozen assets. Binance’s reimbursement pledge may limit customer-loss fears, but the scale of the incident and unresolved recovery accounting could weigh on confidence until further disclosures.

Huang Licheng, known as Machi Big Brother, had his ETH long positions liquidated eight times on Hyperliquid between early morning and 8:18 a.m. on October 30. The liquidations closed a total of 510.93 ETH, worth about $1.169 million, across 93 trades. The recorded realized losses were about $31,300, with roughly $409 in liquidation fees. Hyperliquid data showed that after withdrawing about $1,419, the account balance fell to around $0.62. Machi Big Brother later deposited 250,000 USDC and reopened long positions in ETH, BTC and HYPE, with positions worth about $4.83 million. The account had reportedly lost about $7.95 million over the previous 30 days and about $37.11 million since May 2025.

Bitcoin dropped from above $80,000 to a low near $76,460 after a major Binance security breach, then traded around $77,000–$78,000. The article estimates the incident involved $6.3 billion in assets and says analysts suspect the North Korean-linked TraderTraitor group. Bitcoin is testing support near $77,000, with further levels around $75,800 and $73,000; options traders are also seeking protection against a move toward $72,000–$75,000. Market sentiment fell to a fear reading of 30. Some traders expect Binance’s use of its own funds and SAFU reserves to cover losses could create forced spot buying, while Standard Chartered’s Geoffrey Kendrick warned that uncertainty over the stolen assets could keep markets under pressure. Withdrawal access and the risk of a second wave of outflows remain key near-term concerns. Ethereum fell below $2,200, while its spot ETFs recorded $105 million in net outflows. The article says the hacker converted assets into ETH after stablecoin issuers froze more than $2.39 billion, adding to volatility and selling pressure. BNB fell more than 8% and Aave paused new borrowing and lending amid bad-debt concerns. In contrast, Hyperliquid’s HYPE rose about 20% after Intercontinental Exchange backed a plan to offer regulated perpetual contracts through Trade[XYZ]. Asian technology shares also sold off: South Korea’s KOSPI fell 3.53%, Japan’s Nikkei 225 lost 2.12%, and China’s ChiNext and STAR 50 indexes dropped 4.13% and 5.48%. Hong Kong’s Hang Seng rose 1.46%, led by consumer stocks. For crypto traders, Bitcoin’s support levels, Binance withdrawal updates, and signs of contagion across exchanges and lending markets are the main risk indicators.

Hyperliquid is moving closer to the U.S. regulated derivatives market as two major financial groups pursue different routes to offer on-chain perpetual contracts. NYSE parent Intercontinental Exchange (ICE) has agreed to acquire a minority stake in Trade[XYZ] and work with Trade[XYZ] and Hyperliquid on a U.S.-based regulated trading and clearing venue. The planned products could cover stocks, indexes, commodities and foreign exchange. ICE is also partnering with OKX on retail distribution, but the necessary regulatory approvals are still pending. Trade[XYZ] has reported more than $650 billion in trading volume since launch and accounts for over 90% of open interest across HIP-3 markets, according to the article. Payward, Kraken’s parent, plans to use its acquired CFTC-regulated entities, including Bitnomial and NinjaTrader Clearing, to deploy a permissioned Hyperliquid HIP-3* market. The framework would restrict access to approved, verified accounts. Its first version is still on testnet, and its final specifications have not been set. The two approaches could extend Hyperliquid from an offshore DeFi venue into infrastructure for regulated derivatives, while keeping U.S. market liquidity separate from offshore markets. The announcement was accompanied by a reported HYPE rally of more than 20% over 24 hours, briefly taking the token back above $90. However, approvals, liquidity arrangements and revenue-sharing terms remain unresolved, so the deals do not yet guarantee greater value capture for HYPE.

THORChain’s RUNE rose more than 13% on Friday, climbing from $0.59 to $0.67, after Binance confirmed a $6.3 billion hack. The price move came as on-chain investigator ZachXBT reported that funds stolen from Binance and September’s Bitget attack had passed through THORChain and converged at the same Ethereum address. TRM Labs and Chainalysis linked the Binance hack to North Korea-linked hackers. ZachXBT said the Bitget attack was attributed to the same group, known as TraderTraitor. THORChain, a cross-chain asset swap protocol, has previously been used to move funds stolen in the $1.4 billion Bybit hack and the $388 million Bitget exploit. After the Bitget incident, CEO Gracy Chen urged THORChain to block addresses linked to the attackers. The protocol declined, saying it cannot block individual swaps; node operators can instead pause activity on a blockchain or across the network. The latest incident puts THORChain’s RUNE price surge alongside renewed scrutiny of the protocol’s role in moving stolen crypto.

Coinbase said its prediction markets business has surpassed $200 million in annualized revenue, despite a challenging crypto market in the third quarter. Revenue from the product has grown at an 82% compound quarterly rate since launch, and daily prediction traders increased more than 60% from Q2. More than half of contracts traded in Q3 were non-sports events. Coinbase also said it received CFTC approval to list its own prediction market contracts, which could improve the business’s economics. The exchange reported $1.2 billion in revenue, unchanged from Q2 despite a 10% market-wide decline in crypto trading volume. Net income was $719 million, largely due to unrealized gains on crypto held for investment, compared with adjusted net income of $78 million. Subscription and services revenue reached $570 million, while Coinbase One subscribers rose 24% year over year to a record high.

Anthropic’s IPO filing warns that its AI models could pose catastrophic or existential risks. A Reuters Breakingviews analysis argues that a more immediate threat may be AI’s ability to reproduce proprietary software, potentially undermining licensing and subscription business models and inviting legal challenges. The company, founded by former OpenAI researchers and led by Dario Amodei, filed to list on Nasdaq under the ticker ANT. Anthropic reported $16.3 billion in revenue for the first half of 2026, up 1,368% year over year, alongside an $80.7 billion net loss. The filing says much of the loss reflects accounting treatment of convertible notes rather than cash outflows. It also discloses infrastructure commitments exceeding $500 billion. Anthropic reportedly seeks a valuation of $1.5 trillion to $2 trillion, above its previous private-market valuation of about $965 billion. The IPO filing devotes roughly one-third of its content to risks, including models resisting shutdown and security issues during training. For investors, the AI software-cloning risk could affect both Anthropic’s legal exposure and the wider software sector. The scale of its losses, valuation target and infrastructure commitments are also likely to draw scrutiny.

Google parent Alphabet, Amazon and Meta have collectively lost nearly $900 billion in market value as investors question whether heavy AI infrastructure spending will generate sufficient returns. Alphabet has maintained capital expenditure guidance of up to $205 billion, while Amazon’s spending is around $220 billion. The sell-off highlights growing scrutiny of Big Tech AI spending and its potential financial returns. It may also weigh on sentiment toward AI companies such as Anthropic, whose valuation is being monitored in prediction markets. The article gives no specific details on the valuation outcomes or market odds.

Chainalysis says the $6.4 billion Binance exploit is likely the work of TraderTraitor, a North Korean cybercrime group. The assessment is based on on-chain activity, including funds from the Binance theft mixing with assets linked to a previous Bitget exploit attributed to North Korean actors. The attack began on October 29, with unauthorized transfers from Binance hot wallets across multiple blockchains. The attacker attempted to convert $500 million in stablecoins into harder-to-freeze assets, swapping $325 million into $285 million worth of ETH before freezes began. Chainalysis says about $2.8 billion has been frozen through coordinated efforts by investigators, law enforcement, stablecoin issuers and industry partners. Investigators report thousands of transactions and repeated transfers between addresses, patterns that suggest automated laundering. The investigation is ongoing, and Chainalysis expects the stolen funds to keep moving. The exploit raises security and counterparty-risk concerns for crypto traders, while the scale of the freezes shows that rapid coordination can limit some losses.

EMCD Coinhold Wallet reported that new sign-ups from Latin America rose 108% in Q3 2026 from the previous quarter, while sign-ups from Africa increased 98%. The company said its platform holds more than $70 million in total value and offers digital-asset storage, transfers, conversions and reward products. The growth comes as stablecoin use and wider crypto activity expand in both regions. Chainalysis data cited in the announcement put Latin America’s crypto activity at $593.8 billion from July 2025 to June 2026. Sub-Saharan Africa received more than $205 billion in on-chain value between July 2024 and June 2025. EMCD Coinhold Wallet also offers a USDT-funded payment card in supported locations. The figures are company-reported sign-up growth, not evidence of equivalent increases in active users or trading volume. The announcement does not point to a direct change in cryptocurrency prices.

Ripple says its Ripple Payments service has helped Water.org, co-founded by Matt Damon and Gary White, cut cross-border transaction fees by up to 66%. The nonprofit has transferred more than $3.2 million across four markets, with settlement in Mexico and Brazil shortened from two or three days to the same day. Ripple Payments also enables processing around the clock, helping Water.org move funds to local lending partners faster for water and sanitation loans. Ripple awarded Water.org a $1.25 million grant in RLUSD through its Stablecoin Impact Fund. The funding is intended to support stablecoin-enabled WaterCredit disbursements in Indonesia, the Philippines and Uganda. Ripple has separately committed $6 million over three years to Water.org’s financial inclusion programs, and Water.org plans to use Ripple’s Wallet-as-a-Service technology. The partnership highlights adoption of Ripple’s payments infrastructure and RLUSD, but does not necessarily create demand for XRP. Ripple Payments, RLUSD and XRP are separate components, and payments processed through Ripple’s system do not automatically use XRP for settlement.

Binance co-founder Changpeng Zhao (CZ) says the Binance hack caused losses of more than $6 billion, leaving the exchange with an estimated $2 billion funding gap. About $3 billion has been frozen, while Binance’s SAFU fund holds more than $1 billion. CZ said Binance’s SpaceX shares, valued at over $1 billion and linked to its $500 million investment in Elon Musk’s Twitter acquisition, could cover most of the remaining shortfall. He described the gap as painful but manageable and said Binance would bear the losses. For traders, the scale of the hack and the exchange’s ability to absorb the damage may affect confidence in Binance and the BNB token, while keeping attention on exchange security and recovery efforts.

Binance co-CEO He Yi said the exchange’s annual revenue is sufficient to cover its losses, so Binance does not currently need to sell its SpaceX shares. Her statement offers reassurance about Binance’s finances, but the report provides no figures on the losses, annual revenue or value of the SpaceX holding. The comments alone do not establish how the exchange’s financial position may change.

A wallet of unknown ownership transferred 250,000 HYPE to Bybit at 17:42 Beijing time on 30 October. The tokens were worth about $22.85 million at the time, and the transaction was confirmed. The receiving address is labelled as a Bybit wallet. The HYPE transfer puts a sizable amount of the token on an exchange, where it could potentially be sold, but the transaction alone does not confirm the holder’s intentions.

USDD reported growth in circulating supply, total value locked (TVL) and treasury revenue in Q3 2026. The stablecoin’s circulating supply exceeded $1.48 billion on October 29, while protocol TVL reached $2.18 billion. The article says USDD had the largest market-cap increase among the top 10 stablecoin issuers during October 12–19, adding $180.3 million. USDD’s Q3 treasury revenue rose 26.7% quarter over quarter to $9.70 million, and its treasury balance reached $31.24 million. Its Smart Allocator generated $9.11 million in Q3 income, according to the report. The project is expanding USDD integrations across TRON, Ethereum and BNB Chain. It also highlighted DeFi earning options and transfer services through platforms including Binance Wallet, Gate DEX, GasFree and TokenPocket. USDD said Ethereum held $329.94 million, or about 22.3%, of its circulating supply. The figures and performance claims are reported by the project and do not establish future demand or returns.

This guide compares five dedicated crypto prop firms: Leveraged, HyroTrader, Breakout, WenCrypto and Crypto Fund Trader. It assesses entry costs, evaluation targets, drawdown limits, trading platforms, profit splits and payout methods. Leveraged charges $8.88 to start and collects its activation fee only after a trader passes. Its crypto program runs on MetaTrader 5 and cTrader, has a 6% profit target and offers an 80% profit split. HyroTrader supports exchange-based perpetual futures trading through Bybit and offers splits of up to 90%. Breakout provides on-demand payouts and static drawdown limits. WenCrypto has a low-cost pay-after-passing option, while Crypto Fund Trader’s profit split can rise progressively to 90%. The article says there is no single best crypto prop firm. Traders should compare the total cost if they pass, platform compatibility, loss limits, leverage and funded-account payout rules. Fees and program conditions can change, so traders should check current terms before signing up. These services generally use simulated accounts and have firm-specific evaluation and risk rules.