Crypto News

A DBS survey published on October 28 found that 88% of businesses in its sample were piloting or deploying tokenized-money use cases. Companies cited needs such as round-the-clock payments, improved liquidity management and cross-border transactions. More than three quarters of respondents also expected artificial intelligence to improve treasury, payment or collection operations within two years. The 88% figure combines limited pilots with live deployments. It does not show that those businesses have replaced bank accounts with stablecoins, or that they are using public blockchains. “Tokenized money” may refer to stablecoins, tokenized bank deposits or other privately operated systems. For crypto traders, the survey signals institutional interest in digital settlement and stable-value payments, but does not establish a surge in crypto demand. DBS did not provide verified transaction volumes or savings in the findings described. The clearest indicators of broader adoption would be disclosures separating pilots from production use, identifying the types of tokenized money involved, and reporting measurable settlement volumes and operating benefits.

The suspected Binance hack attacker is converting stablecoins into ETH through decentralized finance platforms, including Uniswap and Aave. On-chain data showed wallets borrowing 19,762 ETH on Aave against about $60 million in USDT, while other wallets received tens of thousands of ETH through Uniswap contracts. Aave subsequently paused its Ethereum mainnet V3 markets, and Kamino temporarily halted borrowing in its SOL/BTC market as a precaution. Stablecoin issuers have frozen more than $2 billion in USDT and USDC linked to the incident. Ripple also froze about $200 million in RLUSD, according to Binance co-CEO Yi He. But ETH has no issuer able to freeze it. About 253,000 ETH, worth roughly $570 million at the time, remained in two wallets without outgoing transfers as of 22:07 UTC. Binance is investigating the security incident and has not confirmed whether user funds were affected. Security experts suspect the exchange was hacked, with losses reported at a minimum of $5.5 billion and the total still climbing. The scale and uncertainty could heighten market volatility and concerns about exchange security, although the article reports no confirmed flaw in Uniswap or Aave.

Singapore police say users lost about S$3.5 million (US$2.7 million) in at least two cases involving tampered Ledger hardware wallets. The first case dates to September 10, before Ledger publicly warned on October 9 that compromised devices had appeared in the CryptoBilis supply chain. The investigation is at an early stage, and it is unclear when the September case was reported. Ledger says there is no evidence its own systems were compromised and has asked retailers in several Asian markets to suspend sales while investigations continue. The Singapore cases form part of a wider supply-chain security concern. Bitquery estimated that suspected losses linked to devices sold through CryptoBilis reached about US$102 million across 335 wallets on five blockchains. Authorities advise users to stop using suspicious devices, never enter recovery phrases on them and move remaining funds to a trusted wallet with a newly generated recovery phrase. Alongside the Ledger hardware wallet concerns, Asian digital-asset initiatives continue: Malaysia and Thailand joined Singapore’s BLOOM cross-border payments initiative, which explores stablecoins and tokenized deposits. South Korea is considering delaying its planned 22% crypto gains tax until 2029; Hong Kong named Nasdaq-listed Solana Company a strategic enterprise; and China aims to build a national blockchain network by 2030. The wallet cases highlight security risks but have no clear direct effect on broader crypto prices.

Binance said customer funds were safe after on-chain trackers flagged abnormal transfers from wallets labeled as its hot wallets. Estimates differ: one report cited about $5.6 billion moving across Ethereum, Bitcoin and TRON, while a later account put transfers to an Ethereum address at about $3.52 billion. The later estimate included roughly 197,170 ETH, 1.68 billion USDT, 823 million USDC and $564 million in other tokens. Binance has not confirmed a hack or customer losses, and the investigation remains ongoing. Tether and Circle froze stablecoins linked to the receiving address. Reports differ on the amount frozen: Tether’s chief executive said more than 1.567 billion USDT had been frozen, while Unchained’s Ethereum balance count showed about 1.38 billion USDT; reports also cited $823 million in frozen USDC. Binance hot wallet transfers reportedly continued after the exchange’s reassurance, including a further sweep of about 200 million USDT. Binance co-founder Changpeng Zhao said the incident looked like a hack and expected customers to be covered. Blockaid said movements across Ethereum, Arbitrum and Avalanche were consistent with unauthorized transfers. The incident has raised exchange-security concerns. It also coincided with more than $600 million in perpetual-market liquidations and temporary pullbacks in major cryptocurrencies. For traders, uncertainty around the investigation, exchange liquidity and possible further transfers could keep volatility elevated. Binance has urged users to use verified channels and avoid phishing or fake compensation links.

Nvidia is discussing credit guarantees to help UK neocloud provider Nscale borrow billions of dollars for a planned 460-megawatt data center expansion in West Virginia. The project’s second building is still under discussion with Anthropic and is expected to use Nvidia’s Vera Rubin chips. A guarantee could reduce Nscale’s borrowing costs and support its expansion, while reinforcing Nvidia’s role as a chip supplier, investor and financing backer. Nvidia previously guaranteed about $860 million of Nscale lease obligations in Texas. Nscale also secured nearly $3 billion in senior secured loan facilities in August 2026. Nscale’s IPO filing reported about $103.4 billion in contracted value but roughly $2.6 billion in active revenue, highlighting the gap between future commitments and current business. Nvidia reported maximum customer-support exposure of $164.5 billion in its July 2026 filing. That figure is not an estimate of expected losses, but it underscores Nvidia’s growing financial links to neocloud partners. For traders, the key risks to monitor are Nscale’s ability to deliver contracted capacity, reliance on Anthropic for demand at the planned building, and any further increase in Nvidia’s support commitments.

Aave says it will continue monitoring the situation and aims to unfreeze all previously frozen V3 and V4 DAO operational markets as soon as possible. The update follows a pause on new deposits and borrowing in those markets; users were still able to withdraw and repay loans. Aave has not provided a specific timetable or further details in the report. The status of Aave DAO markets may affect activity in the protocol, but the announcement alone does not indicate a broader change in market conditions.

Binance said user funds were safe and it was investigating after blockchain data showed billions of dollars in transfers from wallets labelled as its hot wallets. The exchange had not confirmed whether the transfers were unauthorised or disclosed any losses. Total outflows linked to the wallets were estimated at about $5.64 billion, while Tether and Circle froze at least $2.316 billion in stablecoins. Binance hot wallet concerns unsettled traders: BTC briefly fell below $79,000, ETH dropped below $2,240, and BNB was down 6.3% over 24 hours. About $628 million in crypto derivatives positions were liquidated in one hour, with longs accounting for roughly 97% of the total. Separately, Polymarket temporarily halted new trading after a third-party provider was compromised. The platform said it fixed the issue and would fully reimburse affected users. There is no evidence linking the Polymarket incident to Binance.

Binance says it is conducting security checks and will resume withdrawals once the security issue is fully resolved. The exchange says user funds remain safe and that it will provide further updates. Binance had earlier attributed some withdrawal delays to a technical error. On-chain data reportedly showed unusual outflows from a Binance hot wallet, with the value of assets potentially reaching $5.6 billion; the cause and amount have not been confirmed in the exchange’s latest statement. The withdrawal pause and reported outflows may increase short-term uncertainty for Binance users and crypto traders.

Aave froze its Avalanche lending markets after a suspected breach of Binance hot wallets, aiming to prevent the suspected attacker from using potentially stolen AVAX as collateral to borrow other assets. Initial assessments put the outflow at about $3.3 billion across multiple chains, including roughly 1.81 million AVAX and 8.4 million USDT linked to the incident. The estimate may change as Binance’s investigation continues; the exchange says user funds are secure. Tether and Circle also froze assets linked to the transactions, reportedly about $1.5 billion and $823 million respectively. Aave’s freeze is intended to limit bad-debt risk for liquidity providers, but it may temporarily disrupt legitimate Avalanche borrowing and lending. Traders will be watching the scope of the suspected Binance hack, the status of Aave’s Avalanche markets and the movement of the identified wallets. No direct losses for Aave were reported.

Binance held about $165 billion in crypto reserves on October 1, equal to 68.7% of the $240.2 billion tracked across eight major centralized exchanges. Its reserves rose from $154.3 billion in September, partly because of higher prices and partly due to deposits. Binance recorded net inflows of 25,155 BTC during the month, while its seven largest rivals saw combined outflows of about 3,950 BTC. Bitcoin makes up roughly 34% of Binance’s reserves, followed by USDT at 19% and BNB at 16.5%. The exchange reported reserve ratios of at least 100% for major assets, including 100.35% for BTC and 103.88% for USDT. The figures highlight Binance’s scale and continued Bitcoin inflows, but also raise concerns about crypto exchange concentration. Proof of reserves offers a snapshot of assets against customer balances; it does not show every liability. Traders may watch future BTC flows, Binance’s BNB exposure and reserve ratios for signs of changing confidence or liquidity risk.

BitGo has temporarily frozen USD1 at a single blockchain address linked to stolen funds. The stablecoin issuer said it found no security vulnerability in its systems. The freeze is permitted under USD1’s smart-contract and compliance framework; on certain chains, frozen tokens can also be drained or reallocated. USD1 is linked to World Liberty Financial (WLFI). BitGo currently issues the stablecoin and holds its reserves, while WLFI manages its brand and compliance actions. WLFI is preparing to establish the World Liberty Trust Company after receiving conditional preliminary approval from the US Office of the Comptroller of the Currency on 14 August 2026. The trust company is expected to eventually take over issuance and custody, subject to a minimum capital requirement of $20 million. USD1 supply fell by about $400 million, or 9%, to roughly $4 billion by mid-October 2026, amid increased redemptions. The freeze affects only one flagged address, so the immediate impact on other holders appears limited. Traders will be watching whether the tokens are later moved or reallocated, whether redemptions continue, and how quickly WLFI’s proposed trust company begins operating.

Two US senators have asked prediction markets Kalshi and Polymarket to explain how they will prevent insider trading and market manipulation in election betting ahead of next week’s midterm elections. Democratic Senator Elizabeth Warren and Republican Senator John Curtis want details on controls for blocking suspicious trades before they occur, as well as the number of suspected violations detected after trading. They requested written responses by November 3 and questioned whether the platforms can effectively review and enforce rules for election event contracts. The inquiry raises regulatory scrutiny of prediction markets, but the article reports no specific enforcement action or direct impact on crypto prices.

Polymarket suspended trading for about an hour after an alleged attack let an attacker sell users’ positions and withdraw funds through active sessions, without passwords or seed phrases. Reports said compromised DebugBear monitoring code had been replaced with malicious code that users’ browsers treated as trusted. Polymarket said it would compensate affected users and referred the incident to UK law enforcement. The Polymarket attack highlights risks from compromised third-party scripts and may weigh on confidence in the prediction market platform.

UNI fell 13.2% over 24 hours amid reported selling by a Binance-linked hacker, according to Odaily. The token was trading at $6.29 at the time of publication. The report did not provide details on the volume or timing of the sales, so the extent of direct selling pressure on UNI is unclear.

Self-custody platform Bron joined the Hashgraph Association’s Global Membership Program on October 28, adding a new connection to the Hedera ecosystem. Bron already supports holding and managing HBAR and Hedera-based digital assets, and offers swaps through third-party solvers and smart contracts. The program aims to connect Bron with enterprises, developers and other ecosystem participants. The announcement does not introduce a Hedera protocol upgrade, guarantee wallet security or provide evidence of new HBAR demand. Membership alone is not proof of increased users or onchain activity. Traders will be watching for concrete integrations, independently documented security practices and measurable adoption. Those outcomes will better indicate whether Bron’s membership has a lasting effect on Hedera usage.

Binance said a technical error has left some users unable to make Binance withdrawals. Its technical team is working to restore service, and the exchange said it will provide an update when withdrawals are fully back online. Binance also said user funds are safe (SAFU). The outage comes amid reports that Binance’s hot wallet may have been attacked. On-chain data reportedly points to asset outflows of up to $5.6 billion, but Binance has not confirmed an attack or linked it to the withdrawal problem. The exchange said it is investigating potential security issues.

On-chain analysts say a wallet suspected of being linked to a Binance incident holds $47.3 million in Uniswap’s UNI, its largest disclosed altcoin position. The wallet also holds $41.4 million in ENA, $38.5 million in PEPE, $28.7 million in LINK and $16.4 million in AAVE. The suspected Binance wallet’s holdings could draw attention from traders because a transfer to exchanges may be viewed as a potential precursor to selling. However, Binance has not confirmed that the wallet is connected to an incident, and the reported link is based on on-chain tracking. No details have been confirmed about a breach or the wallet’s full transaction history.

Amazon’s AI business and custom chip business have each surpassed a $25 billion annualised revenue run rate, with triple-digit year-over-year growth. CEO Andy Jassy says the chip business is growing about threefold annually and could have a standalone run rate near $50 billion, as much of its value is recorded through AWS. The Amazon AI chips business is drawing strong demand: customers have made more than $225 billion in multi-year Trainium commitments, and demand for newer chips is nearing available capacity. Amazon also says 98% of its top 1,000 EC2 customers use Graviton5 processors, while AWS compute capacity is booked well into 2027 and 2028. AWS revenue rose 37% year over year to $42.2 billion, with a 39.4% operating margin. Amazon reported a $496 billion backlog, but demand exceeds available capacity. It raised 2026 capital expenditure guidance to about $220 billion to expand data centres, power infrastructure and hardware. Bedrock usage in Q2 exceeded the total of all previous quarters combined, and Trainium chips are being adopted by Anthropic and OpenAI. However, trailing 12-month free cash flow was negative $7.6 billion. For traders, Amazon AI chips and AWS demand support the growth outlook, but capacity constraints, heavy investment and cash flow are important risks to monitor.

BNB fell 6.23% intraday, reaching a low of $678.13 before trading at $703.55. Bitcoin was also lower, down 3.25% to $79,117. The declines came amid concerns over a suspected Binance hot-wallet attack, with on-chain data indicating that related assets outflows may have exceeded $5.6 billion. Binance said some users’ withdrawals were delayed by a technical error and that it was working to restore service. The potential security incident and withdrawal disruption have put Binance and BNB under pressure, although the reported outflows and their cause were not confirmed in the article.

A Bitcoin address identified in Binance’s transparency disclosures as a hot wallet reportedly transferred about 17,500 BTC, according to monitoring cited by Bitcoin News. The move comes amid reports of a major security incident involving a Binance-linked Ethereum wallet. It remains unclear whether the Binance-linked Bitcoin wallet transfer was unauthorized or a precautionary security measure. Traders may monitor BTC price action, exchange flows and Binance updates for signs of withdrawal pressure or further operational disruption. The transfer alone does not confirm a breach or a sale.

Alphabet is expanding its AI chip business as its latest tensor processing units (TPUs), the TPU 8t and 8i, promise better performance per dollar than the previous-generation TPU v7, known as Ironwood. The gains could lower AI token costs and strengthen Google’s position in the market for AI computing services. Google began selling TPUs to outside customers in April and recorded a small amount of TPU-related revenue in the second quarter. The article describes this as an early step from announcement to commercial execution, rather than evidence of large-scale sales so far. Google Cloud’s operating margin reached 35.6% in Q2, up about 15 percentage points year over year. Operating income more than tripled to $8.8 billion as demand for AI services grew. The figures point to improving cloud profitability alongside Alphabet’s push to sell its own AI chips, potentially challenging Nvidia in the accelerator market.

Alphabet shares plunged 12.29% after the company missed earnings expectations, reported a $9.07 billion drop in free cash flow and weaker Google search revenue. The record post-earnings decline weighed on technology stocks as investors questioned rising AI spending and the threat of competition to Google Search. The Nasdaq fell 1.38%, while the S&P 500 lost 0.30% and the Dow dropped 0.25%. Caterpillar shares also came under pressure despite results above expectations, with investors focused on its capacity constraints and record $78.1 billion backlog. After the market close, Amazon fell more than 7% on missed sales and profit expectations, while Intel dropped nearly 18% after giving a weak forecast. Economic data added to market uncertainty: annual inflation reached 3.6%, above the Federal Reserve’s 2% target, while third-quarter GDP grew at a 3.4% annual rate. The figures could influence expectations for interest rates and investor appetite for technology and other growth stocks.

Binance says it is investigating reports of a potential security issue and has not confirmed that user funds were affected. Its security team is reviewing the available information, and the exchange says it will provide updates through official channels. On-chain data showed that about $3.3 billion in assets was transferred from Binance hot wallets Binance 14 and Hot Wallet 34 earlier that day. Binance has urged users to avoid unofficial links and messages, and never to share account details in response to requests. The transfers have raised concerns about Binance security, but the exchange has not confirmed that they were caused by a breach.

Binance is investigating a suspected security incident, but has not confirmed whether customer funds were affected. Founder Changpeng Zhao (CZ) said user funds are safe. He reported that Tether froze about $971 million in USDT and Circle froze about $823 million in USDC, totaling approximately $1.794 billion. CZ said he no longer manages Binance.com but expects users’ funds to be fully covered as a shareholder. The Binance security incident could weigh on confidence in the exchange and BNB, while the reported freezes may limit potential losses. The investigation’s findings remain unclear.

Binance is investigating a potential security incident after at least $5.57 billion in crypto left exchange-linked hot wallets across Ethereum, Bitcoin and Tron. The exchange said it has not confirmed any impact on user funds. The outflows included about $3.51 billion on Ethereum, $1.44 billion in Bitcoin and $630 million on Tron. The incident’s cause remains unknown. On Ethereum, a newly created address received 167,464 ETH and token transfers, including 1.615 billion USDT. Tether froze 975.1 million USDT, while Circle froze 823 million USDC in the main receiving wallet—about $1.8 billion combined. The scale of the outflows has not been confirmed as a hack. Crypto markets weakened as reports emerged: Bitcoin fell below $79,000, BNB dropped about 7% to around $699, and Monero rose about 6% to $637. If confirmed, the reported $5.57 billion loss would exceed the roughly $1.5 billion Bybit hack in 2025 and rank as the largest crypto hack on record.

Binance is investigating suspicious transfers from an Ethereum wallet linked to the exchange after blockchain researcher Spreek flagged activity involving a newly created address. The alleged breach has not been confirmed, and Binance said it has not verified any impact on user funds. Binance co-founder Changpeng Zhao said the activity appeared to be a hack and reported that Tether and Circle had frozen about $971 million and $823 million in stablecoins, respectively. He said he expected user funds to be fully covered. Spreek also reported that wallets connected to the transfers began selling USDT on decentralised exchanges. The scale of the suspected incident could prompt short-term volatility and heightened scrutiny of exchange security, but its market impact will depend on Binance’s investigation and confirmation of any losses.

Intel’s data center and AI revenue could exceed forecasts by nearly $10 billion by year-end, CFO David Zinsner said, as demand for server chips outpaces supply. The Data Center and AI segment generated $7.3 billion in Q3 2026 revenue, up 78% year over year—the fastest growth in 15 years. Demand for Xeon processors is being driven by AI inference and agentic workloads. Intel’s total quarterly revenue rose 21% to $16.5 billion, and adjusted earnings per share beat expectations at $0.52. However, its Q4 revenue outlook of $15 billion to $16 billion fell short of consensus. Weak PC demand and disruption at its Kiryat Gat fabrication facility are weighing on the outlook. Intel raised 2026 capital expenditure to $20 billion and has signed long-term supply agreements to expand capacity. The data center and AI revenue outlook highlights strong AI infrastructure demand, but does not directly signal a change in cryptocurrency fundamentals.

Tether froze more than $1.567 billion in USDT after roughly $3.3 billion flowed out of two Binance hot wallets on Ethereum on 29 October. Circle also froze about $823 million in USDC linked to the activity. The issuers acted within about an hour after on-chain analysts flagged the receiving addresses. Binance said it is investigating and has not confirmed a hack or user losses. Former CEO Changpeng Zhao said the incident appeared similar to a hack, but stated that user funds were secure and expected to be fully covered. Reports say roughly $700 million in USDT and ETH moved beyond the reach of the freezes. The Tether USDT freeze demonstrates how quickly stablecoin issuers can block flagged balances, but it also highlights the limits of those controls: ETH cannot be frozen by a central issuer. Traders will be watching for Binance updates, evidence of losses and any further movement of the funds.

Tether has frozen more than 1.567 billion USDT, according to Bloomberg. The report does not specify the reason for the freeze or identify the wallets involved. The move highlights Tether’s ability to restrict transfers of USDT, the world’s largest stablecoin by market value. Traders may monitor further details for signs of enforcement activity or potential effects on USDT liquidity.