Crypto News

Brent crude oil was previously reported at $110.05 a barrel, up 0.1% over 24 hours. In the later update, Gate data put Brent crude oil at $115.87 after a brief pullback, with its 24-hour gain reaching 0.9%. Neither report identified the reasons for the price movement. The updates provide no direct trading signal for cryptocurrencies, though oil price changes can feed into broader inflation and risk-sentiment concerns.

Trader 58bro.eth sold 8,000 ETH, worth more than $17.96 million, within about an hour. The trader withdrew the ETH from Aave and transferred it to OKX in several batches, then withdrew 10.5 million USDT to repay borrowing. The position still has 4,911.05 WETH staked on Aave, against 2.51 million USDT borrowed, with a health factor of 3.69. The ETH sale is linked to debt repayment; the remaining collateral position is not reported as being near liquidation.

Elon Musk responded with a grimacing emoji to an X user who questioned Binance’s assurance that it has enough funds to cover losses from a security incident. The user compared the pledge to similar assurances made by FTX founder Sam Bankman-Fried before FTX collapsed. Binance co-founder Changpeng Zhao had said the exchange had sufficient funds to cover the incident’s losses. Musk’s reaction drew attention, but his specific intent is unclear. The exchange is facing scrutiny over its ability to absorb the losses, though the post itself provides no new evidence about Binance’s financial position.

CME Group’s Sara Carter says the repo market is central to collateral movement, funding and liquidity across global fixed-income markets. The U.S. repo market represents an estimated $12.6 trillion in daily exposures, while Europe has €13.65 trillion outstanding. Repo activity supports government and corporate bonds, asset managers, banks and other participants; disruptions can constrain financing and spread stress into cash and futures markets. Higher and more volatile interest rates have increased the importance of funding costs and transparent pricing. Regulatory capital requirements are also driving banks to manage collateral more actively. In the U.S., mandatory clearing for certain Treasury transactions is scheduled to take effect in stages, with cash Treasury deadlines in 2026 and repo deadlines in 2027. Carter points to electronic trading platforms, repo benchmarks and cross-margining as ways to improve execution and capital efficiency. Digital assets are described as a possible future form of collateral that could enable faster settlement, though the article does not describe a current adoption or market change.

Amazon’s third-quarter results showed accelerating AWS growth alongside rising pressure from AI infrastructure spending. Revenue rose 12% year on year to $201.94 billion, below analyst expectations. Diluted earnings per share fell to $1.89 from $1.95 a year earlier, also missing forecasts. Net income declined 2%, partly because the prior-year period included a $9.5 billion pre-tax gain related to Anthropic. AWS revenue grew 39.3% to $45.98 billion, its fastest rate in nearly five years. AWS backlog reached $578 billion, while operating margin eased slightly from the previous quarter to 38.7%. Amazon CEO Andy Jassy said demand for computing capacity remained strong and forecast AWS revenue growth above 40% in 2027 and 2028. The expansion is costly. Amazon maintained its plan for about $220 billion in 2026 capital expenditure. Cash purchases of property and equipment reached $77.26 billion in the quarter. Over the past 12 months, free cash flow fell to negative $42.36 billion, compared with positive $14.79 billion a year earlier, as capital spending outpaced operating cash-flow growth. Amazon forecast fourth-quarter revenue of $240 billion to $247 billion, with the midpoint slightly below analysts’ expectations. Its shares fell more than 7% at one point in after-hours trading. Investors are weighing whether AWS and AI demand can turn the company’s heavy infrastructure investment into sustained revenue, profits and cash flow.

The article examines how North Korean-linked Lazarus hackers may launder assets from the reported Binance hack, using the 2025 Bybit theft as a precedent. In that attack, about 500,000 ETH, then worth roughly $1.4 billion, was reportedly converted into BTC within 10 to 12 days. Around 72% of the ETH moved through THORChain, while other routes included eXch and OKX Web3 Wallet. Bybit later said only 3.8% of the stolen funds had been frozen. The analysis says hackers may favor BTC because it is widely accepted and cannot be frozen by a token issuer. They can then use cross-chain transfers, mixing and underground over-the-counter brokers to exchange crypto for cash or other value, often outside regulated exchanges. For markets, the main near-term risk is concentrated ETH selling as stolen assets are converted. Subsequent BTC cash-outs may be spread over months and handled off-exchange, limiting direct order-book pressure. The article estimates that about 195,000 ETH, worth around $440 million, in the Binance incident could not be frozen; much of the stolen stablecoins was reportedly frozen. Traders are advised to monitor activity on THORChain and Chainflip for signs of cross-chain conversion. The incident is ongoing, and reported figures may change.

Strategy says it could generate up to $30 billion in digital credit from its balance sheet to finance further Bitcoin purchases, without issuing common shares or relying on a higher Bitcoin price. Executive chairman Michael Saylor described this as potential financing capacity, not a confirmed fundraising target. CEO Phong Le said preferred-stock issuance, including STRC, is expected to be Strategy’s main route to acquiring more Bitcoin. The company could potentially raise $1 billion to $2 billion through STRC in a month, placing some proceeds in a dollar reserve and using the rest to buy Bitcoin. The later update added that Strategy reported third-quarter net income of $19.53 billion, largely reflecting a $20.91 billion increase in the value of its digital assets. As of 25 October, it held 848,517 BTC, up 26% year to date. The plan signals continued potential Bitcoin demand, but neither the $30 billion capacity nor a near-term purchase is confirmed.

Ethereum client teams have issued security updates after certificate-authority keys linked to eMudhra were compromised. Teku lists version 26.10.3 as a recommended update, while Besu version 26.10.2 removes affected certificate roots from its Docker images. The issue concerns trust stores used to verify remote services, not Ethereum’s consensus rules. Teams have not reported a successful exploit affecting default mainnet Teku nodes. Operators using standalone Java runtimes may need to update those runtimes or trust stores separately; updating the client alone may not be enough. For ETH traders, the incident highlights operational and supply-chain risks beyond the blockchain protocol. Operators should check official advisories and confirm that their node providers and deployment environments have applied the relevant fixes. The updates do not establish that funds were stolen or that Ethereum’s network was disrupted.

US GDP grew at a 3.4% annualised rate in the third quarter, according to the Bureau of Economic Analysis. A measure of domestic private demand—real final sales to private domestic purchasers—rose 4.9%, indicating strong consumer spending and business activity. A surge in imports, including high-value equipment for AI data centres, weighed on the headline GDP figure because imports are deducted from GDP. The data point to a robust US economy, with consumer demand and AI investment supporting growth.

The XRP Ledger Foundation has added Flare to its recommended validator list after Anodos Finance requested removal ahead of a planned validator shutdown by the end of October. The Foundation and Ripple lists now share 35 validator keys. The XRP Ledger validator list helps server operators choose trusted validators for consensus, but operators can use custom lists and the update does not automatically change their configurations. XRPL amendments need more than 80% support from trusted validators for two consecutive weeks, and validators receive no direct XRP rewards. Flare’s XRP-related DeFi offerings include FXRP, a representation of XRP, and a route to use FXRP as collateral to borrow RLUSD; Flare Smart Accounts are also in development. No payment, grant or product launch was announced with the list change. The XRP Ledger validator update is therefore not, by itself, a clear price catalyst for XRP or FLR.

Visa is exploring stablecoin-based remittances in the Philippines, where cash transfers remain widely trusted but awareness of stablecoins is low. The company has not announced a launch date and says discussions with authorities and other stakeholders are ongoing. Visa’s 2026 survey of 3,101 Filipinos found that 58% had never heard of stablecoins and 21% had heard of them but did not know what they were. Only 38% said they trusted stablecoins, and just 9% preferred them for remittances. By comparison, 41% preferred cash-based transfers and 34% digital transfers. Respondents said stronger fraud protection, easy conversion to local currency, faster access to funds and lower fees could improve their confidence. The opportunity is significant: remittances account for 7.3% of Philippine GDP, while cash remittances from overseas Filipino workers reached $3.03 billion in the first eight months of 2026. Visa says regulatory requirements remain a factor in its plans.

1inch says it is supporting Binance after a security exploit and has blocked addresses linked to the incident across the 1inch DApp, Wallet and API. The risk team worked with ZeroShadow, SEAL 911 and TRM Labs, and says it is continuing to add newly identified addresses to the blocklist shared with integrators. Some of the stolen assets are 1INCH tokens. Because 1INCH is a standard ERC-20 token without freeze or blacklist controls, no party can freeze the stolen tokens. 1inch says it will help Binance and law enforcement trace and recover the assets. The incident may weigh on short-term sentiment toward 1INCH and add to security concerns, although address blocking limits access through 1inch services and does not itself freeze tokens on-chain.

CoinDCX has temporarily placed its futures market in reduce-only mode after an incident involving Binance, which the exchange identified as an affected liquidity provider. CoinDCX futures traders cannot open new positions or increase existing long or short positions, but can adjust margin and reduce positions; open orders remain active. Deposits and withdrawals continue normally, and CoinDCX says customer funds are safe. The restriction applies only to futures, and no timetable for restoring normal trading has been announced. The CoinDCX futures measure may limit trading activity on the platform, but the report does not indicate a broader market disruption.

Kraken resolved a one-hour outage on October 30 that disrupted connectivity and order placement across spot and derivatives markets. The exchange began investigating at 02:42 UTC and confirmed service was restored at 03:42 UTC. Its website, mobile app, REST and WebSocket APIs, FIX connections and some derivatives services were affected. Customers reported failed trades, error messages and difficulty accessing withdrawals, though Kraken did not publish figures for affected accounts or transactions. The exchange has not disclosed the cause or linked the Kraken outage to the previous day’s scheduled maintenance. Separate claims of more than $130 million in Kraken exposure to Aave remain unconfirmed and have not been tied to the incident.

A Polymarket security breach on October 29 led to unauthorised withdrawals from 737 user accounts, with blockchain analysis tracing about $2.73 million in crypto transfers across 985 transactions. An earlier, broader estimate put the affected value at about $3.46 million when positions still on the platform were included. Investigators said malicious JavaScript delivered through compromised monitoring provider DebugBear targeted logged-in users on Polymarket’s international website, enabling attackers to sell prediction-market positions. Funds were converted into POL and moved across wallets; some were routed towards Ethereum. Polymarket said there was no confirmed smart-contract exploit. It suspended trading and relayer operations, removed the compromised integration and restored service after about an hour. The platform has promised to reimburse users and referred the case to UK law enforcement, but has not published a final loss figure or repayment schedule. The Polymarket hack follows a separate third-party breach reported in June, raising further questions about vendor security and trading permissions. For traders, the incident underscores the risks of website integrations and could weigh on confidence in the platform, although no direct market-wide impact has been established.

Blockchain investigator ZachXBT says funds stolen in the Binance and Bitget hacks were routed through THORChain to the same address and mixed. The movement, which he reported about 45 minutes before his post, suggests the two attacks may have been carried out by the same actor. The incidents involved approximately $6.3 billion in Binance-related losses and $388 million in Bitget-related losses, according to the report. ZachXBT noted that the Bitget attack had previously been attributed to TraiderTraitor, a hacking group linked to North Korea and associated with other incidents, including one involving Kelp DAO. The on-chain link is an investigative indication, not definitive proof of shared responsibility.

Trader Long Loyalist deposited 4.9 million USDC into Hyperliquid and placed an ETH buy order for 9,630 ETH, worth about $20 million, according to Onchain Lens. The order was placed about an hour before the report and does not confirm that the trade was filled. The trader already held a long position of 4,860 ETH, valued at roughly $10.94 million. Across 39 positions, unrealised losses stood at $4.63 million, while lifetime cumulative losses were $4.29 million. The large ETH buy order may draw attention from traders, but the reported losses and the unfilled status of the order temper its significance.

BSC-based AI platform AGENT ID has opened AI minting. The protocol follows a process similar to Jagent but adds changes to its minting mechanism. Each Agent ID can be minted in a limited quantity of 10. Users are instructed to follow the official guide: have the AI check eligibility and estimate gas fees before authorizing and submitting the transaction. The announcement does not specify a token launch or price impact.

Mirae Asset Securities’ Hong Kong unit has privately issued six-month, US dollar-denominated floating-rate notes on Solana to eligible institutional investors. The notes are part of its $3 billion Guaranteed Structured Note Programme; the programme limit is not the size of this issuance, which was not disclosed. Marketnode acted as authorized distributor, while Mirae used its own technology to manage token issuance, payments and the notes’ lifecycle. The Solana tokenized notes apply blockchain infrastructure to a traditional securities product, but are not available to retail investors. The announcement did not disclose the issue size, coupon, investor identities or secondary-market liquidity. The transaction is an institutional adoption example, not a direct price catalyst for SOL. Traders can watch for repeat Solana tokenized notes issuances and measurable settlement activity to gauge whether the model can scale.

Binance says cryptocurrency deposits remain operational, while withdrawals are still suspended after a security incident. The exchange expects to restore withdrawals within 48 hours of its announcement, but says this is an estimate, not a confirmed reopening time. Binance is strengthening withdrawal systems and wallet security as it investigates the attack. An earlier preliminary assessment suggested a compromised engineer’s computer may have provided a way into internal services, but Binance says the incident involved multiple factors and the full attack path is not yet known. The exchange has referenced about $6.3 billion in affected assets, with roughly $3 billion reportedly frozen. Binance says it will publish a full incident report, including the root cause, after the investigation. Traders should monitor official updates and verify withdrawal availability in their accounts.

AI cash-flow concerns and renewed rate-hike expectations drove a risk-off session across US markets. The Nasdaq fell 1.38% after Alphabet dropped 12.64%, while the S&P 500 slipped 0.30%. Investors focused on rising AI infrastructure costs, weaker free cash flow and debt risks at major technology firms and emerging cloud providers. US GDP grew at a 3.4% annualised rate in the third quarter, while core PCE inflation reached 3.1% year on year. Markets priced in about a 75% chance of a 25-basis-point Fed rate increase in December. US public debt also crossed 100% of GDP for the first time since World War II. These pressures could weigh on the crypto market by reducing appetite for risk assets and tightening financial conditions. Coinbase shares fell after revenue declined 35% year on year, while Strategy reported holding 848,517 BTC. For crypto traders, rate expectations, tech-sector financing stress and Bitcoin’s ability to hold up during risk-off trading are key signals to watch.

Binance co-founder He Yi said deposits are operating normally and have not been affected by the exchange’s security incident. The team is strengthening withdrawal services and controls on related addresses. Binance expects to begin gradually restoring withdrawals within the next 48 hours. The timeline is an estimate, and the article does not specify when withdrawals will be fully available.

Bitcoin fell to $76,350 after Binance confirmed it had been hit by a major hack. Some reports put the amount drained at more than $6 billion, although the article does not independently verify that figure. Bitcoin has since rebounded to just above $78,000. The sell-off also pressured altcoins: Ethereum fell 3% to below $2,250, BNB dropped more than 4% to $715, and XRP slid to $1.25. Privacy tokens ZEC and XMR rose, while HYPE gained more than 17% following positive US developments. The market-wide liquidation total reached $1.52 billion over 24 hours, including $1.36 billion after news of the Binance hack. Long positions accounted for most liquidations. BTC and ETH led, with $482 million and $365 million wiped out, respectively. Nearly 240,000 traders were liquidated, and the largest single liquidation was an order worth more than $11 million on Binance. Bitcoin’s sharp decline and the surge in liquidations point to heightened volatility and risk aversion across crypto markets.

SlowMist co-founder Cos said Binance hacker funds have been linked to wallet addresses associated with the January 2025 Phemex hack. SlowMist previously attributed that incident to North Korean hackers. The reported link is based on wallet activity; it does not by itself confirm that the same actors carried out both attacks or establish how much money is involved. The Binance hacker funds connection may prompt further blockchain tracing and scrutiny of potential laundering routes, but the report provides no new details on asset movements or recovery.

Polymarket says it will fully reimburse users affected by a breach at a third-party service provider, while its US platform was not affected. On-chain analysis indicates about $2.7 million was transferred from roughly 710 wallets. Under the proposed Polymarket repayment plan, users with losses below $10,000 are expected to have their funds restored directly by October 30. Users with losses above $10,000 must sign a settlement and release agreement before receiving compensation. Some affected users also say they were asked to provide identity information. Polymarket has not published the full agreement. The platform says it reported the incident to law enforcement.

Ethena says its USDe stablecoin remains overcollateralized, with more than $60 million in excess collateral and a collateral ratio above 101%, according to its latest reserve attestation. Chainlink and Llama Risk were among the independent third parties that confirmed the figures. Ethena also said no reserves backing USDe are held directly on Binance or other centralized exchanges. Reserve attestations are typically provided weekly. The disclosure may reassure traders concerned about USDe’s backing and exposure to centralized exchange risks, but it does not eliminate broader market or counterparty risks.

On-chain analyst Dickson estimates that a Binance hot wallet hack moved about $6.28 billion in assets across eight blockchains, including roughly $6.07 billion within 55 minutes. The reported haul included 167,464 ETH, 18,270 BTC, USDT, USDC, XRP, SOL and other assets. The attacker reportedly exploited EIP-7702 authorizations signed by Binance wallets after preparing and testing contracts in advance. As Tether and Circle froze addresses linked to the transfers, about $2.8 billion in assets had reportedly been frozen by around 23:50 UTC. Dickson estimated that approximately $3.27 billion remained freely movable, while another $60 million in USDT was tied up as Aave collateral. At the time of the report, funds on Bitcoin, XRP Ledger, Solana and Optimism had not moved. The figures are based on on-chain tracking and are not an official final loss total. The reported Binance hot wallet hack puts exchange wallet security, delegated account permissions and cross-chain liquidity in focus. Traders may watch for official confirmation, further freezes and movement of the remaining assets, which could affect market sentiment and liquidity in the tokens involved.

Opposition to the OKX-ICE stock tokenisation plan has grown. An earlier notice showed 33 objections among the 62 companies initially identified, including JPMorgan, AMD, Coca-Cola, Adobe, Dell and SanDisk. The latest update puts the total number of objecting companies at 38, with five not on the original list; 33 of the original 62 have objected, or 53.2%. Other named objectors include Walmart and Eli Lilly. The proposal would let eligible investors trade tokenised US stocks around the clock on OKX’s X Layer blockchain, using stablecoins and automated market-maker pools for liquidity. Under the US SEC’s Innovation Exemption framework, issuers can object to their shares being traded by a third party under the exemption. The objections are not necessarily opposition to blockchain or stock tokenisation as a whole. JPMorgan, for example, is also involved in a separate tokenisation service from the Depository Trust & Clearing Corporation that applies blockchain within existing custody and settlement systems. The growing resistance highlights issuer concerns about consent and third-party trading structures. It could limit the stocks available through OKX-ICE and make liquidity and investor trust harder to build. Still, tokenised securities continue to develop: RWA.xyz data cited in the latest article puts global tokenised stock assets at about $3.77 billion as of 29 October.

A Minnesota-based used IT hardware seller listed a decommissioned AI cluster containing 9,600 Nvidia A100 GPUs on eBay for $59.7 million, with shipping included. The listing ended on October 28, and the seller did not say whether the equipment had sold. The A100 GPU cluster comprised 300 racks and 1,200 servers, with AMD EPYC processors and about 269,000 CPU cores. Its GPU count exceeds the 6,080 A100s used in the first phase of Meta’s AI research supercomputer. The seller’s asking price works out to roughly $6,200 per A100 when the full system is included. Tom’s Hardware estimated that the GPUs, processors and memory alone were worth about $28.1 million, excluding infrastructure such as racks, cooling and power equipment. Despite being based on a 2020-generation GPU, the A100 cluster may still appeal to AI computing providers. CoreWeave’s chief executive said the company had signed an A100 rental contract through 2029, while older GPUs can offer a lower-cost alternative to newer systems facing supply delays. The listing’s removal leaves its sale status unknown.