Crypto News

The Binance hacker holds 18,270 BTC, worth about $1.4 billion, across 19 addresses—199 BTC more than Coinbase disclosed in company-owned holdings for investment and operations as of 30 September. The BTC has not moved since 04:48 Beijing time on 30 October. The attacker also holds 508,621 ETH, exceeding the 495,362 ETH held by treasury company The Ether Machine. The attacker initially stole about 200,600 ETH; the remaining ETH was acquired by converting stolen stablecoins and other tokens. The large, unmoved Binance hacker BTC holdings could draw trader attention to potential selling pressure, although no transfers have been reported.

PancakeSwap said its smart contracts and services remain operational and were not affected by the Binance security incident. The decentralized exchange also voiced support for Binance and thanked ecosystem participants helping affected users and protecting the community. The statement provides reassurance about PancakeSwap’s operations, but does not describe the nature or broader impact of the Binance incident.

A 1kx Capital report forecasts blockchain revenue of about $100 billion in 2026, down 28% year on year as crypto prices and trading activity weaken. The decline broadly tracks an estimated 30% fall in average crypto prices, even as on-chain transaction counts are projected to rise 18% and monthly active users remain near 200 million. The latest figures point to a shift in blockchain revenue towards institutional adoption and real-world applications, which are expected to provide 30% of the total. In the third quarter, revenue from real-world uses—including tokenised real-world assets, payments and prediction markets—reportedly surpassed blockchain infrastructure revenue for the first time. Tokenised equities and prediction markets are among the faster-growing sources, while infrastructure revenue is forecast to fall 39% and transaction fees to roughly halve. DeFi and financial services remain the largest sector, accounting for about 66% of revenue; infrastructure contributes around 22%. Listed companies’ share of blockchain revenue has risen to 16%, from 7% in 2022. A dividend-token index is reported to have gained 82% year to date, highlighting the growing role of distributions and buybacks in crypto valuations. For traders, the data suggest that blockchain revenue is increasingly tied to applications, institutional activity and cash flows, but remains exposed to crypto prices and market liquidity.

A new GCSA forensic report on the Binance hack says 50 verified EIP-7702 authorization signatures prove signing capability, but cannot establish whether a private key was stolen or identify who initiated the requests. The report reviewed 18 transactions, tracked authorization and asset movements, and examined a revocation signature. It stresses that valid EIP-7702 signatures are not proof that Binance’s keys were secure: on-chain data alone cannot distinguish key theft from misuse of a signing service or compromised approvals. GCSA also found that three transactions linked to MetaMask Gas Station had matching funding and gas-budget amounts. This is a verifiable lead for further investigation, not proof of an operator’s identity or IP address. The report does not independently confirm Binance’s account of an engineer’s laptop being compromised or external attribution to North Korean actors. At the report’s snapshot, a target address remained blacklisted with about 175 million USDT. A revoked authorization or frozen funds do not mean assets have been returned. The findings focus on Ethereum and do not constitute a full audit of all affected chains. For traders, the report clarifies the evidence but does not resolve the breach’s root cause or final losses.

Zcash Community Grants (ZCG) has proposed redirecting about 98,000 ZEC from development grants to future miner rewards through the Network Sustainability Mechanism (NSM). The preliminary plan would move 36,200 ZEC from ZCG’s treasury of about 91,500 ZEC into the NSM, while reducing the committee’s expected future allocations by roughly 62,000 ZEC. Its remaining funding would taper by about 3% per month until 2032. The proposal would keep miners’ current 80% share of block rewards unchanged and preserve the 21 million ZEC supply cap and existing halving schedule. The NSM would hold ZEC out of circulation and release it gradually as miner rewards over decades, potentially supporting network security after future halvings. The proposal is not yet a formal governance submission and still requires the usual Zcash approval process. Community responses have been divided, with some welcoming the plan as a compromise and others questioning ZCG’s accountability or calling for the grants committee to be abolished. If adopted, the change would reduce future grant funding while building a longer-term reward reserve for Zcash miners.

Trader Killa says the Binance hack could mark a market bottom, drawing a comparison with FTX’s collapse. He argues that Binance may have an incentive to push prices higher to recover losses, and claims the exchange has the capacity to place large Bitcoin long positions that retail traders may not see. Killa also estimates that liquidations, slippage and fees may have generated around $1 billion for exchanges during the volatility, though this figure is his estimate, not a verified amount. He expects short-term market rebalancing but sees the higher-timeframe outlook as bullish. Other traders remain cautious, including a large trader reported to have added Bitcoin put options. The view that the Binance hack signals a bottom is speculation, not a confirmed market outcome.

Binance is cooperating with the FBI and US Secret Service in an investigation into a crypto theft reportedly worth about $6.3 billion, Reuters reported on 30 October, citing an unnamed source. Binance has confirmed it is working with law enforcement but has not publicly named the agencies. The latest report gave no further details about the theft, the assets involved or any recoveries. Binance has said it froze about $3 billion and set aside more than $6.34 billion in company funds to cover the incident, including through its SAFU fund. The attackers have not been officially identified: TRM Labs and Chainalysis have pointed to possible North Korean involvement, while Binance co-CEO Richard Teng said investigators had not assigned responsibility to any individual. The investigation may help trace stolen crypto, but the scale of the case could intensify concerns about Binance security and exchange risk.

SpaceX is shifting its AI business towards renting computing capacity to customers including Anthropic and Google. Anthropic reportedly became SpaceX’s largest customer, contributing more than one-third of its revenue in the third quarter. The pre-market briefing also reported mixed US index futures, with the Nasdaq 100 down 2.58% and the S&P 500 down 1.06%. Oil prices rose, while spot gold and silver fell. Intel forecast server CPU shipments would grow by more than 30% in both 2026 and 2027; Amazon projected AWS growth above 40% in 2027–2028. In crypto, Binance’s hot wallet was reportedly targeted in a suspected hack. The article said more than $3 billion in assets had been frozen and that digital-token prices fell sharply. The report provided no confirmed details on the affected assets or the incident’s final losses.

Stanley Druckenmiller has confirmed an investment in trade.xyz, a derivatives platform built on Hyperliquid, and said he expects to use its products. The investment amount was not disclosed. Separately, Intercontinental Exchange (ICE), the New York Stock Exchange’s parent, plans to invest in trade.xyz and establish a US-regulated exchange and clearing system for perpetual markets. Hyperliquid will provide the technology, while trade.xyz develops the markets; its offshore platform will continue operating. The US launch remains subject to regulatory approval, and contract details and timing have not been announced. The news adds to institutional interest in Hyperliquid. A filing showed Druckenmiller’s Duquesne Family Office held about 2.94 million shares of Hyperliquid Strategies (PURR), worth roughly $23.15 million as of 30 June 2026. This is a separate equity holding, not a disclosure of his trade.xyz investment or a direct HYPE purchase. trade.xyz has reportedly processed more than $650 billion in cumulative volume across tokenised stock, index, commodity and foreign-exchange perpetuals. HYPE climbed from about $79 to above $97 on 29 October, then traded above $90 after a sharp market disruption the following day. A separate market snapshot put HYPE near $92.96, up about 17.9% over 24 hours, with roughly $3.63 billion in trading volume. Hyperliquid’s perpetual volume reached $17.44 billion on 29 October, alongside about $252 million in liquidations. The reports also cite $1.21 billion in protocol fees and $1.19 billion worth of HYPE buybacks. For traders, the proposed US venue could expand demand for on-chain derivatives and strengthen Hyperliquid’s institutional profile. But regulatory approval, execution, and whether new-market fees will support HYPE buybacks remain uncertain.

The reported $6.4 billion Binance hack rattled crypto markets, overshadowing a major Hyperliquid announcement. Binance said it had reserved more than $6.34 billion to cover losses, while Tether and Circle froze about $2.39 billion in related assets. Aave paused Ethereum markets after a wallet linked to the attacker deposited USDT and borrowed WETH. Blockchain investigator ZachXBT said the stolen funds were commingled with funds from a previous Bitget exploit, pointing to a possible North Korean-linked group. Bitcoin fell below $78,000 and major cryptocurrencies declined as traders reacted to the security risk and more than $1.33 billion in positions were liquidated. The incident may increase scrutiny of exchange security and raise near-term volatility. Separately, Intercontinental Exchange plans to invest in Trade.xyz, which aims to offer regulated, round-the-clock perpetual futures on Hyperliquid in the US, pending regulatory approval. HYPE rose as much as 20% before giving back some gains, and remained up about 8% in the report. The Binance hack drove broader market weakness, while the Hyperliquid partnership offered a positive project-specific catalyst.

Tether generated about $16.4 million in revenue over 24 hours, topping DefiLlama’s daily rankings and surpassing Tron and Circle. Dashboard readings ranged from roughly $16.38 million to $16.99 million. Tether’s revenue came from interest earned on reserve assets, including US Treasury bills and repurchase agreements, rather than on-chain transaction fees. Its trailing 30-day revenue was estimated at $490 million to $522 million, implying an annualized run rate of about $5.96 billion to $6.3 billion. Circle also earns yield on reserves, but its daily revenue was lower in this snapshot. Tron recorded about $555,000 in chain revenue from user transaction fees and hosts an estimated $92 billion of USDT supply. Tether’s income benefits the issuer, not USDT holders, and depends in part on yields from short-term government debt. Tron’s revenue, meanwhile, is linked to USDT settlement activity on its network.

Amazon and Intel shares plunged in premarket trading as investors questioned whether AI revenue can justify soaring infrastructure costs. Amazon fell about 7% and Intel about 25%; Nasdaq-100 futures dropped more than 2%. The companies risked a combined $300 billion loss in market value if the declines held, a premarket estimate rather than a confirmed closing figure. The sell-off also spread to AMD, Nvidia and Broadcom. Amazon Web Services revenue rose 39% year on year to $46 billion, with operating income of $17.8 billion. However, Amazon’s trailing 12-month free cash flow swung from positive $14.8 billion to negative $42.4 billion, a $57.2 billion reversal. The company expects about $220 billion in cash capital expenditure in 2026, with spending potentially rising further in 2027. Slower online retail and advertising growth, alongside a weaker-than-expected holiday-quarter outlook, added to investor concerns. Intel’s third-quarter revenue increased 21% to $16.5 billion, while its Data Center and AI division grew 78%. Yet its fourth-quarter revenue forecast of $15 billion to $16 billion was below analysts’ roughly $17.3 billion estimate. Intel also expects gross margin to fall from 43% to 38%. Weak PC demand, higher memory prices, manufacturing bottlenecks—including a shortage of advanced packaging substrates—and an explosion at an Israeli plant have weighed on production and deliveries. The company expects no positive cash flow in 2026 and has raised its 2026 capital expenditure forecast to $20 billion. The market reaction shows that AI spending alone is no longer enough to reassure investors: they are demanding stronger returns, sustainable cash flow and reliable supply. For crypto traders, the technology-stock sell-off and falling Nasdaq futures may add to short-term risk-off sentiment, although neither summary identifies a direct catalyst for any specific cryptocurrency.

The Bank of Japan (BOJ) will increase annual sales of its stock exchange-traded funds (ETFs) from ¥330 billion to ¥860 billion at book value, or about $5.5 billion, starting in January 2027. The higher pace is expected to shorten the time needed to unwind its holdings from 112 years to 43 years. Based on recent transactions, the sales could represent about ¥2.46 trillion, or $15.6 billion, in market value each year. The BOJ says sales will amount to roughly 0.1% of stock-market trading value, a measured approach intended to limit pressure on Japanese equities. It may slow or pause disposals during severe market instability. The bank stopped buying ETFs in March 2024 and began gradual sales in January 2026. The decision comes amid volatility in global equities and a 2.1% Friday decline in Japan’s Nikkei 225. Separately, the BOJ held its benchmark interest rate at 1.25%, while leaving further increases possible. Finance Minister Satsuki Katayama said faster sales could raise BOJ profits and government surplus payments, though proceeds depend on market prices. For crypto traders, the main relevance is indirect: Japan’s monetary policy, yen movements and investor demand for risk assets can affect global liquidity and crypto sentiment.

A barrel of crude priced at $100 can cost buyers around $130 to deliver, as oil delivery costs extend beyond the benchmark price. Shipping, insurance, storage, handling, trade financing and refining all add to the final bill. The article says tanker attacks around the Strait of Hormuz, cited in a UK Maritime Trade Operations report, have highlighted the risk of moving oil through dangerous waters. Higher freight and insurance costs can lift delivered prices even when production has not fallen. Markets may also add a geopolitical risk premium based on fears of future disruption. Refining margins and tight supplies of gasoline or diesel can further widen the gap between crude prices and fuel prices. The article also cites a JPMorgan estimate of $94 oil while Brent traded above $115, illustrating how market prices can exceed some estimates of oil’s fundamental value. The extra cost is spread across transport firms, insurers, financiers, traders, storage operators and refiners.

Scroll plans to transition its Layer 2 network to a permissioned model and move SCR and USX to Ethereum mainnet. The changes were outlined in the network’s 30 October DAO meeting summary; Scroll says it will submit a detailed proposal for governance review. Scroll is also preparing tools to help users check their positions and safely transfer or withdraw assets during the transition. Separately, its AI app Compass has launched paid subscriptions on iOS, with Android support and additional fiat payment options still in development.

A reported Binance hack dominated pre-market news on 30 October. The article says hackers stole about $5.3 billion from the crypto exchange’s hot wallet, while more than $3 billion in assets had been frozen. It also reports a sharp drop in digital-token prices following the incident. The scale of the reported Binance hack may heighten concerns about exchange security and trigger volatility as traders assess the details. Elsewhere, US equity futures were mixed: the S&P 500 futures fell 1.06% and Nasdaq 100 futures dropped 2.58%. Oil prices rose, while spot gold and silver declined. Anthropic reportedly became SpaceX’s largest customer, contributing more than a third of its third-quarter revenue.

Binance says it has committed more than $6.3 billion to cover losses from its October 29 security breach and has begun replacing stolen cryptocurrencies in matching token amounts. The exchange already holds about $5 billion in affected assets and is buying the rest through open-market and over-the-counter (OTC) trades. Binance says it will use its SAFU fund and company reserves, including BTC and ETH; limited liquidity and OTC settlement could slow purchases. It has not disclosed how much it has bought so far or whether it may sell BTC or ETH to fund the effort. Separately, about $3 billion in assets has been frozen with help from industry partners and authorities; those funds are excluded from the replacement calculations. Chainalysis linked the attack to North Korea-associated TraderTraitor and reported automated laundering activity. Binance says it can cover the losses independently, despite an offer of liquidity support from its Thai partner Gulf. The Binance hack could create buying demand for affected altcoins, but the scale of any market impact remains uncertain. The episode also keeps crypto security and exchange reserves in focus for traders.

Google shares fell 12.64% after its latest results intensified investor concerns about the cash cost and payback period of AI investment. Third-quarter revenue rose 25% to $127.6bn, while Google Cloud revenue more than doubled. But search advertising growth slowed, and capital expenditure reached $51.4bn, exceeding operating cash flow and pushing free cash flow to a $9.1bn outflow. Management said capital spending would rise further in 2027 without giving a peak date. Amazon also came under pressure as investors weighed softer-than-expected revenue, a deep free-cash-flow deficit and plans to increase capital spending. Intel fell after its fourth-quarter revenue and margin guidance missed expectations, despite strong data-centre growth. Together, the results have sharpened scrutiny of AI investment: demand for cloud and computing capacity remains strong, but markets want clearer evidence that spending will produce profits and cash returns. Eli Lilly offered a contrast. Revenue rose 39% to $24.4bn, led by its Mounjaro and Zepbound drugs, and the company raised its full-year sales forecast for a third time. Its shares gained 6.57% to a record high. Healthcare, financial and energy shares also advanced, suggesting investors were favouring companies with more visible earnings and cash flow rather than abandoning equities or AI outright. Traders will watch Nvidia’s results, future cloud-company capital-spending plans and the Federal Reserve’s rate decision for signs of whether AI investment can generate adequate returns.

After a security incident at Binance, large traders increased hedges against a short-term Bitcoin decline. Early reports described losses exceeding $6 billion, but Binance later put the estimated impact at about $63 million and said it would cover the losses with its SAFU fund and company funds. Paradigm recorded about $590 million in Bitcoin options block trades during the eight hours after the incident became public, with most activity in puts. The earlier report also noted that the first large trade came roughly 15 minutes after funds reportedly began leaving a Binance wallet, before public disclosure. Trades included puts with strikes around $74,000 to $78,000, expiring that week and in mid-November. Paradigm said the flow suggested protection against a near-term pullback rather than bets on a market crash. Deribit also saw sizeable put strategies, including one reported at about $190 million. One-week options skew briefly rose to around 18%, signalling stronger demand for downside protection, before easing; it remained positive across maturities. Some traders also bought calls, including March contracts, so sentiment was not uniformly bearish. The Bitcoin options flow points to caution, and traders may monitor put prices and skew for signs that concerns about the incident or broader market weakness are growing.

Nine companies are expected to spend about $1 trillion on capital expenditure (capex) in 2026, with most of the money going to AI data centres, chips and networking equipment. Amazon, Alphabet and Microsoft account for roughly $590 billion of the total. Amazon forecasts about $220 billion in 2026 capex. Alphabet has held its guidance at $195 billion to $205 billion and reported a $561 billion Google Cloud backlog. Microsoft has trimmed its spending outlook to about $170 billion, from an earlier estimate of $175 billion. The AI data centre capex surge could benefit chipmakers, memory suppliers, networking companies and data centre builders. But investors are weighing the risks of rising depreciation costs, power constraints and limited chip supply. The spending boom may support demand for computing infrastructure, although returns depend on whether AI and cloud revenue can justify the investment.

A suspected Binance hack has left an attacker holding 195,460 ETH, worth more than $440 million, in a wallet that cannot be frozen by a token issuer. The coins had not moved by late evening UTC. Binance estimated the incident’s total impact at about $6.3 billion and said it would cover losses; deposits and withdrawals were suspended. Tether and Circle froze most of the stolen stablecoins, while Ethereum itself was not hacked. The ETH stash is just under 3% of a typical day’s trading volume. Ether fell about 2.6% in under an hour after the news and was trading near $2,230, down about 6% for the week and 17% over the past month. ETH remains below its 50-day average near $2,430 and its 200-day average, leaving both as potential resistance. Daily RSI is near 30, but MACD and trend readings still point to selling pressure. Traders are watching support near $1,940; a break could expose the next floor around $1,850. A sustained move above the 200-day average near $2,320 would signal improved buying strength. The market’s near-term direction may depend on whether the attacker sells ETH in tranches and on Binance’s resumption of withdrawals.

A security breach at Binance triggered a sharp wave of crypto liquidations, increasing pressure on already weak markets. Binance estimated that $6.3 billion in assets were affected, paused deposits and withdrawals during security checks, and said it would cover user losses. Derivatives data showed $1.53 billion in positions liquidated in 24 hours, including about $1.29 billion in long positions. Binance recorded the most liquidations, at $754.6 million. Bitcoin briefly fell to about $76,460 before recovering towards $78,500, while a late short squeeze pushed most of the latest hourly liquidations onto short sellers. XRP traded near $1.25, below its 50-day and 200-day moving averages. Its indicators remain weak, but the chart shows a drift lower rather than a strong downtrend. Resistance is near $1.31, with support around $1.05 and $0.99. XRP liquidations reached $38.1 million. Cardano (ADA) is under greater pressure. Trading near $0.19, it has fallen about 9% in a week and 21% in a month. Sellers remain in control, and the nearest clear support is around $0.17; a break could leave ADA without an obvious nearby floor. Its first resistance is near $0.21. Both tokens remain vulnerable to fresh selling if Binance’s review reveals deeper losses. XRP appears less trend-bound, while ADA faces the sharper downside risk.

Moody’s assigned Ripple’s RLUSD stablecoin an A2 long-term rating and its highest short-term rating, P-1, on October 27, making it the first stablecoin to receive an investment-grade rating from the agency. The announcement followed final US approval for Ripple to establish a national trust bank and came as RLUSD’s market capitalisation passed $2.5 billion. RLUSD, issued by Standard Custody & Trust Company, runs on the XRP Ledger and Ethereum. Its reserves are mainly cash, short-term US Treasuries and other liquid government assets. Standard Custody targets 103% reserve coverage, and most assets are held at Bank of New York Mellon. Eligible institutional holders can generally redeem directly at par within two business days, but retail holders do not automatically have the same access. Moody’s said Standard Custody is not bankruptcy-remote and RLUSD holders do not directly own the reserve assets, so insolvency could delay access to funds. The rating does not guarantee a constant $1 peg or immediate redemption for every holder, and RLUSD is not a bank deposit with deposit insurance. Weaker reserves, liquidity or operations could prompt a downgrade; stronger legal protections, including provisions of the GENIUS Act expected to take effect in 2027, could support a higher rating. The rating and bank approval may help RLUSD gain institutional adoption, but its growth does not necessarily mean increased demand for XRP.

A crypto wallet’s displayed balance is an estimate based on the latest quoted price, not a guaranteed payout. If a token has limited liquidity, selling a large position can push its price down through price impact and slippage. A position shown as worth $100,000 could, in a hypothetical example, return only $63,000 before fees—a 37% shortfall. Actual results depend on liquidity, pool or order-book depth, and execution conditions. Traders should check the estimated proceeds for the full trade, review market depth, and consider order size before selling. Smaller transactions may reduce price impact but can add fees and exposure to price changes. Unfamiliar tokens also carry the risk of honeypot restrictions that can prevent or penalize sales. A crypto wallet balance therefore should not be treated as cash that can necessarily be realized at the displayed value.

China stocks extended their record losing streak to 12 weeks on Friday, as global concerns over returns on artificial intelligence spending pressured technology shares. The CSI 300 fell 1.4% that day and has lost 15% in 12 weeks. It dropped about 8.5% in October, its steepest monthly decline in more than a decade. The Shenzhen ChiNext Index fell 4.1%, while the CSI 5G Communications Index dropped 6.2%. Optical-module maker Eoptolink Tech slid about 14% on Friday, leaving it down roughly 50% for October. The declines continued despite estimated purchases of up to $25.5 billion in stocks by state-backed investors earlier in the week. AI spending concerns also weighed on global technology stocks, including US companies and Asian chipmakers. South Korea’s SK Hynix fell more than 7%, and the Kospi lost about 3.5% on Friday. Hong Kong’s Hang Seng Index moved in the opposite direction, gaining around 1.5% as investors selectively bought some technology shares. For traders, the diverging performance points to ongoing volatility and a market focused on whether heavy AI investment can deliver sufficient returns.

BNB fell below 700 USDT on 30 October 2026, trading at 699.8 USDT, according to market data reported by Odaily. Its price was down 5.45% over 24 hours. The report provided no specific cause for the decline. Traders may monitor whether BNB can reclaim the 700 USDT level and whether broader market conditions add to selling pressure.

Binance co-founder CZ said a token recovery effort appears to have started, but did not provide details about its scope, timeline or the tokens involved. He said Binance naturally accumulates tokens listed on the exchange because users can pay trading fees with the assets they trade. CZ also said user funds are safe (SAFU). The comments offer limited information about the token recovery process, so traders should look for further details before drawing conclusions about its progress or impact.

Eurozone GDP grew 0.4% quarter on quarter in the third quarter, down from 0.6% in the previous quarter, but growth remained above trend. The figures show Eurozone GDP holding up despite the Middle East crisis and its potential energy-market effects. Growth weakened across several major economies. France’s GDP contracted 0.1%, Italy stagnated and Germany grew 0.2%, down from 0.3%. Spain and the Netherlands each expanded 0.6%, compared with 0.7% in the previous quarter. The data points to continued resilience, though momentum eased in most large economies.

Polymarket briefly restricted trading on its international platform on October 29 after a third-party website supplier was compromised. Trading resumed about an hour later, and the platform said it had identified and fixed the vulnerability, referred the matter to law enforcement and would reimburse affected users. It also paused relayer activity during its investigation. Researchers linked the incident to a monitoring script on the trading website that reportedly tried to access active users’ trading clients and signers, then sell positions or transfer assets. Trader Car said about $800,000 was missing from his account and his positions had been sold. Other users reported losses, while blockchain estimates varied, with some approaching $2.7 million. Polymarket has not confirmed individual claims or published a final loss total, reimbursement schedule or details on how it will value unauthorised sales. Its notice concerned the international platform and did not say whether the separate US exchange was affected. The breach highlights third-party software and account-permission risks for Polymarket users. A similar, separate vendor-related incident in June had also led to a refund pledge. For traders, the key near-term issues are confidence in Polymarket security and clarity on compensation; there is no confirmed evidence of broader crypto-market disruption.