Crypto News

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.

A Saudi-led coalition said it destroyed a drone launched by Yemen’s Houthi forces before it entered restricted airspace over Mecca. Coalition spokesman Turki al-Maliki announced the interception. The Houthis denied targeting the holy city and called the allegation fabricated. The report says this is the second alleged Houthi attempt to target Mecca, following a 2017 ballistic missile launch that Saudi authorities attributed to the group. The latest Houthi drone incident could heighten regional tensions, although the article provides no confirmed independent verification of responsibility.

Crypto commentator Tu’ao Dashi says the 18,270 BTC reportedly stolen from Binance—worth about $1.4 billion—may be difficult to launder and sell quickly. He points to fewer large-scale mixing services, stricter KYC checks at centralised exchanges, cooperation with asset freezes, and more effective on-chain tracking. Any attempt to cash out could take time, require a steep discount and carry a higher risk of interception. The stolen BTC may therefore pose limited near-term selling pressure, although the coins remain a potential market overhang. Binance co-founder He Yi said the exchange would pursue the funds.

Kamino has launched a dedicated Solana lending market where eligible users can use selected Backpack Securities tokenized equities as collateral to borrow USDC. The initial assets track Micron, SK Hynix, SpaceX and SanDisk. The market’s lending terms and risk settings are managed by Kamino and risk curator Allez Labs. The Kamino Solana lending market gives tokenized equities a use beyond trading or holding them, but does not make borrowing against them risk-free. Collateral limits, price feeds and liquidation thresholds vary by asset. Because blockchain markets operate around the clock while underlying equity markets close, price gaps when traditional markets reopen could trigger liquidations. Users also face issuer, custody, legal and smart-contract risks. Traders will be watching collateral supplied, borrowing demand, loan-to-value settings and liquidation performance.

Bitcoin fell to about $76,917 on 30 October, down 4.98% over 24 hours, ahead of a major Bitcoin options expiry on Deribit. Updated data put the expiring BTC options’ notional value at about $10.39 billion, alongside roughly $783 million in ETH options. Many calls are concentrated at $90,000–$100,000 and are out of the money at current prices, leaving them at risk of expiring without intrinsic value. Deribit’s Jean-David Péquignot said short-dated 25-delta put implied volatility exceeded call volatility by more than 10 volatility points after BTC dropped below $80,000. That skew suggests traders are paying more for downside protection. The 30-day DVOL stood near 36, above realised volatility of about 31, indicating expectations of increased volatility. BTC futures open interest was around $53.09 billion, with $107.99 billion in 24-hour futures trading volume. These figures are distinct from options notional value and should not be added together or mistaken for expected liquidations. Traders are watching whether Bitcoin can regain the $78,000–$80,000 range and whether post-expiry hedging adds to short-term price swings.

A 43-minute Chinese-language Space hosted by crypto veteran Chandler Guo highlighted traders’ concerns about Binance withdrawals, wallet security and market volatility. The discussion addressed fears of a possible Binance hack and withdrawal delays, but these were claims raised by participants, not a confirmed incident. Reassurance that a large exchange could compensate users did not resolve concerns about when holders could access their funds. Participants also debated self-custody risks, including wallet software and key-generation security, and whether ordinary users can assess those risks. Despite the uncertainty, some traders saw potential for a short-term rebound, citing the easing of leveraged selling, short covering and returning market liquidity. That optimism did not establish that prices had reached a durable bottom. One participant described plans to borrow against staked SOL to increase exposure by about 10%, while unstaking was underway. The idea drew questions about borrowing costs, SOL’s volatility and liquidation risk; no agreed safety buffer was identified. Overall, the conversation showed that interest in buying SOL can persist alongside worries about exchange access, custody and further market declines.

CoinKarma founder Benson Sun says roughly $2.5 billion in assets—about half of the amount Binance says was stolen—has been frozen. He argues that stolen BTC may be difficult to move or sell because the addresses can be tracked and Bitcoin has fewer deep-mixing options than Ethereum. Past thefts also suggest stolen BTC can remain dormant for years. Sun therefore expects little short-term selling pressure from the BTC, and says Binance could later need to buy BTC if it uses its SAFU fund to cover losses. By contrast, some stolen tokens were reportedly converted into ETH and sent through Tornado Cash, making them harder to trace. Sun estimates that potential ETH-related selling pressure could reach the tens of billions? No—around the low billions of dollars. These are the author’s estimates, not Binance’s confirmed forecast. The incident may still weigh on market confidence and renew attention to crypto security.

Backpack and South Korea’s SK Securities plan to offer eligible international investors access to Korean equities through the Backpack app, according to a partnership announced on Oct. 29. The service could open a market that has historically been difficult for non-resident foreign investors to enter, but no launch date has been announced. SK Securities will oversee underwriting, issuance and securities distribution. Backpack will provide blockchain infrastructure, digital asset custody and access to its global user base. The firms also plan to explore tokenized securities and real-world assets, subject to local laws and regulations. The partnership extends Backpack’s existing U.S. securities offering, which combines brokerage services with blockchain-based distribution. Backpack says its regulated crypto exchange has recorded more than $450 billion in trading volume across over 150 countries. The move broadens Backpack’s financial services, but its direct effect on crypto prices is likely limited.

Partners Group’s Next Generation Infrastructure fund has launched on Pendle in the form of NGI+, through Asseto Finance. Partners Group manages $186 billion in private-market assets, while the fund holds about $2.5 billion in energy and digital infrastructure assets, including power-generation facilities and data centres. It also co-invests alongside Partners Group’s flagship direct infrastructure investments. The Pendle platform lets users split, trade and lock in yield from NGI+. The launch brings tokenised exposure to infrastructure assets onto a decentralised finance platform, but the announcement does not specify expected returns or the terms and risks of the product.

Lookonchain reported that nine newly created wallets received 1,900 BTC from Galaxy Digital over a four-hour period. The transfer was valued at about $148 million. The movement came as the market was falling, and Lookonchain described it as whale buying. However, an on-chain transfer alone does not confirm that the BTC was newly purchased or reveal the recipients’ intentions. Traders may watch for further wallet activity and changes in BTC exchange flows for clues about potential selling or long-term holding.

Kraken reported problems affecting users connecting to its platform and placing orders through web, mobile and API services. The outage comes as Aave markets are paused. An analyst cited an alleged Kraken exposure of more than $130 million related to Aave and speculated that the exchange could face liquidity pressure. Kraken has not confirmed a liquidity crisis, and the reported exposure and its implications remain unverified. Traders may watch for service updates, withdrawal status and further information about Kraken’s Aave-related positions.

A Binance-linked hacker sold seven altcoins—UNI, ENA, PEPE, LINK, AAVE, ONDO and WLD—for 70,480 ETH, worth about $158 million, according to on-chain analysts. The sales were completed by 09:01 Taipei time, and the addresses reportedly no longer hold the tokens. UNI accounted for the largest sale by value, while ENA saw the steepest 24-hour decline. The seven tokens fell 8.8% to 15.8%, compared with Bitcoin’s 4.6% loss. The sell-off may add short-term pressure to these altcoins, although the report does not say whether the ETH has since been moved or sold. Most stolen stablecoins and PAXG were reportedly frozen by issuers. Binance said it would cover losses and later reported that about $3 billion had been frozen; estimates of total outflows ranged from $5.3 billion to $5.87 billion. Arbitrum also moved 8,426 ETH and 74.56 million ARB to restrict their movement. Binance has not disclosed a final loss figure.

Trader Killa says the Binance hack could mark the final major low before a strong crypto market rally. He says he still holds a Bitcoin (BTC) long position opened near $76,400 and expects the current pullback to remain below 20%. Bitcoin is about 13% off its recent high. Killa urged traders to stay calm amid market pressure and FUD, and noted that the Binance hack coincides with the US midterm election period. His view is a trader’s opinion, not confirmation that the market has bottomed.

Gemini co-founder Cameron Winklevoss said Zcash does not need a redesigned governance system. He argued that token-holder voting is an on-chain version of a mechanism used in capital markets for centuries, and said privacy—not experimental governance—is Zcash’s central mission. He also called for ending the Zcash Community Grants programme, saying it causes distraction and diverging priorities. The comments come as Winklevoss Asset has filed an S-1 registration statement with the US Securities and Exchange Commission for a proposed spot Zcash ETF. The fund would hold ZEC directly, trade on Nasdaq under the ticker WINK, charge a 0.25% fee and use Gemini Trust Company as custodian. The governance remarks may shape discussion around Zcash’s priorities, while the ETF filing could be a longer-term source of market interest; the article reports no immediate trading impact.

The Stellar Development Foundation introduced Project Thruput on October 28 as a technology preview for scaling transaction execution, now available on FutureNet. Controlled tests showed capacity rising from about 1.18 million payments per second on one machine to roughly 7.02 million across eight machines. Project Thruput measures execution inside a single validator, not end-to-end throughput on Stellar’s public network. Consensus, networking and data storage can affect real-world performance, and the initial reports did not establish live-network capacity. The open-source preview includes reproducible benchmarks, but broader independent testing and potential public-network integration remain ahead. The proposed design allocates scheduling capacity according to accounts’ unlocked native-token balances when demand exceeds capacity, rather than charging execution fees per transaction; computational limits still apply. Project Thruput does not mean Stellar mainnet currently supports these capabilities or unlimited free transactions. For XLM traders, the benchmark is a technical development, not evidence of an immediate change in adoption or price.

The Binance hack left the attackers with an estimated $3.1 billion in assets they could still move, including about 18,270 BTC and 492,000 ETH. XRP, TRX and SOL also make up significant holdings. Blockchain analysts say the BTC, XRP and SOL have not moved, though Binance has not confirmed that these assets belong to the attackers. Most Ethereum-based stablecoins and altcoins were converted into ETH. Tether and Circle froze large amounts of USDT and USDC, while Arbitrum’s security council moved assets out of reach. Binance said it had verified about $3 billion in frozen funds; other estimates varied. The incident could keep traders focused on potential selling pressure from the remaining assets, as well as on exchange security and the effectiveness of issuer freezes.

CoinJar has listed Pump.fun’s PUMP token on its retail platform and CoinJar Exchange. Customers can buy, sell, store and send PUMP, view real-time market data and set price alerts. CoinJar Exchange also provides advanced order types and access to deeper liquidity. The listing gives PUMP another trading venue, but CoinJar has not reported specific trading volumes or other market data related to the launch. PUMP is the native token of Pump.fun, a Solana-based platform for creating and trading tokens that has expanded to include social features and the PumpSwap decentralised exchange. Pump.fun uses part of its fees to buy PUMP on the open market and burn the tokens. PUMP has a fixed maximum supply, but the CoinJar listing itself does not change its tokenomics or the platform’s activity. CoinJar also flags risks including smart contract vulnerabilities, regulatory changes, project failure and data-source issues.

The crypto market faced heightened security concerns after Binance estimated losses of about $6.3 billion in a security incident, while saying roughly $3 billion in assets had been frozen. Binance said it would cover losses through its SAFU fund and corporate funds, and temporarily suspended deposits and withdrawals as it investigated. The reported scale and cause remain subject to the company’s ongoing investigation. Polymarket also paused trading after a breach at a third-party service provider. The platform said affected users would be fully reimbursed; blockchain analytics firm Bubblemaps estimated that more than 700 users lost about $2.7 million. The incidents may prompt traders to reassess exchange, wallet and platform risks. Price action was mixed. HYPE rose more than 13% to above $90 despite reports that a large holder had sold 694,310 tokens worth about $53.3 million over five days. Bitcoin climbed above Strategy’s 2026 purchase-cost level of $78,900, but remained below the estimated $90,600 cost basis for its purchases since 2025. Separately, ZachXBT said AXIS insiders had sold tokens linked to a sharp 40% decline; Axis Robotics denied that team or investor allocations were sold. Institutional and regulatory developments offered a longer-term counterpoint: ICE plans to work with Trade.xyz on a US derivatives platform, subject to CFTC approval, and Galaxy Digital applied to establish a federally regulated trust bank. Overall, security risk is the immediate trading concern, while adoption initiatives may support the crypto market over the longer term.