Crypto News

KuCoin has immediately ended all products and services for users in Russia and Belarus, citing legal and regulatory requirements without naming a specific rule. The exchange has not announced a single account-closure or withdrawal deadline, nor disclosed how many users or assets are affected. Instead, KuCoin says affected customers will receive individual instructions and deadlines to close positions and withdraw funds. Users who have not received a notice need not act for now, and KuCoin urges customers to use official support channels to avoid phishing scams. The KuCoin exit follows service restrictions announced by MEXC and Bitget this month, reducing offshore crypto exchange options for traders in the two countries. The announcements point to a broader compliance shift, but the exchanges have not linked their decisions to a specific sanctions measure. Separately, the Bank of Russia says registered crypto exchange operators and digital depositories have 90 days to join a self-regulatory organization; it has not been stated that this requirement prompted KuCoin’s move.

Coinbase (COIN) received a cautious Buy rating upgrade after its third-quarter results showed stronger profitability and a more diversified revenue mix, despite ongoing crypto market volatility and cybersecurity concerns. Revenue was flat quarter over quarter, while adjusted EBITDA reached $333 million as the company kept expenses under control. Subscription and services revenue accounted for 49% of total revenue, offering Coinbase a steadier income base when trading activity and investor sentiment weaken. The article also cites reports of an alleged $6.3 billion Binance hack attributed to a North Korean cybercrime group. The incident highlights security risks across the crypto sector, although the provided article does not establish that Coinbase was affected. The author says Coinbase remains cyclical and its valuation is not yet a bargain. The stock may suit traders seeking tactical exposure to crypto markets, but the rating upgrade is not presented as a clear long-term investment case.

Zebra 7.1.0-alpha.0, a pre-release of the Zcash node software, focuses on faster mining and block propagation. It reduces delays in updating mining templates when transactions or new blocks arrive, speeds up block submission and verification, and relays blocks to peers sooner. The release also adds mining-pool features, including legacy JSON-RPC batch support, optional ZMQ hashblock notifications, the preciousblock RPC, and mining metrics. Zebra 7.1.0-alpha.0 retains the v29 state format used by Zebra 7.0.0, so testers can switch back without resyncing. It is an alpha intended for testing, not a recommended upgrade for production nodes. Some configuration checks have also become stricter.

The Recall Foundation will shut down after concluding that continued development is not commercially viable, citing protocol adoption, operating costs and growth prospects. The decision was not triggered by a hack or security incident. The foundation plans to burn about 359 million RECALL tokens, equal to roughly 35.86% of the total supply. Token holders will not receive distributions, redemptions or buybacks. The foundation’s remaining funds, about $3.7 million, will go towards creditor repayments and liquidation costs. app.recall.network is due to become read-only from 30 November, with liquidation expected to finish in the first quarter of 2027. The shutdown raises concerns about RECALL’s project outlook, despite the planned reduction in token supply.

Binance says it will cover customer losses from a security breach estimated at $6.3 billion, using its SAFU fund and additional company funds. The exchange initially said customer assets were unaffected and that it had reserved more than $6.34 billion, including about $5 billion in stolen tokens; it was also buying remaining assets through market and over-the-counter channels. Later, Binance reported that investigators had found additional breach points beyond the initially suspected compromise of a DevOps engineer’s laptop. It has not blamed an individual and said there is no evidence private keys were leaked. About $3 billion of the funds had been frozen on-chain. Binance paused withdrawals, revamped its withdrawal service, revoked affected address authorizations and began working with law enforcement and blockchain intelligence firms. It planned to restore withdrawals and publish a proof-of-reserves report. The attacker was also reported to have moved funds on Tron, while Aave reopened markets after a precautionary freeze. The Binance hack added to market anxiety: Bitcoin briefly fell to $76,300, with reported liquidations of nearly $479 million in BTC positions and $363 million in ETH positions. The incident keeps exchange security and potential volatility in focus for traders.

CoreWeave shares fell 10% on Oct. 30 amid a wider tech selloff, bringing their decline for October to about 30%. Investors are scrutinising CoreWeave’s substantial debt and the cost of expanding its AI data centres. Its bonds have reportedly traded at distressed levels, with yields above 15%, while short interest reached 23.7% of the free float. These indicators point to growing concern about leverage and the company’s ability to refinance funding needed to meet contractual obligations. No new financing deal or confirmed bankruptcy development was reported. For crypto traders, CoreWeave is an indirect gauge of confidence in AI infrastructure funding and technology-sector risk appetite, not a direct crypto-market catalyst.

Alexander Block, also known as Alexander Gurevich, has been extradited from Israel to the United States to face an eight-count indictment over the 2022 Nomad hack. US prosecutors allege he exploited a flaw in Nomad’s smart contracts to withdraw more than $2.8 million in tokens. Other users copied the exploit, contributing to more than $186 million being drained from a Nomad-controlled wallet. Block’s lawyers argued that he used the contracts as written and did not change their code. Israel’s Supreme Court rejected that defense, ruling that exploiting a software flaw can still constitute unlawful computer intrusion. Block has not been convicted, and a US court appearance date had not been announced. The case highlights legal risks around DeFi exploits and ongoing security concerns for crypto bridges, but it does not identify a direct price catalyst for a specific cryptocurrency.

The Recall Foundation plans to burn about 358.6 million RECALL tokens as it winds down the project and liquidates its development subsidiary, Recall Labs. The burn represents 35.86% of the token’s 1 billion total supply; staked tokens are excluded. The Foundation estimates supply will fall to 641.4 million RECALL after the burn, expected just before final liquidation in Q1 2027. The Recall Network app is due to become read-only on November 30, 2026, ending new competitions and rewards. Recall Labs is projected to liquidate around December 2026, followed by the Foundation around January 2027. The Foundation says its estimated $3.7 million in stablecoins and fiat will go to creditors and wind-down costs. RECALL holders will receive no compensation, distributions or buybacks. The shutdown follows the Foundation’s conclusion that its tested product directions are no longer viable amid rapid changes in the AI sector.

The SEC has charged BG Wealth Sharing and DSJ Exchange over an alleged crypto fraud that raised more than $130 million from retail investors. The firms allegedly promoted risk-free returns from crypto trading signals and used false regulatory filings and fake SEC-seal certificates to make the program appear approved. The SEC says more than 223,000 blockchain addresses sent funds between March and mid-June 2026, with investor losses exceeding $100 million. After withdrawals were restricted, investors were allegedly asked to pay a “tax” to unlock their accounts, but still could not withdraw. The SEC says its filings are not licenses or endorsements and is seeking injunctions, repayment of funds with interest, and civil penalties. The crypto fraud case highlights investor and regulatory risks, but does not identify a specific cryptocurrency affected.

The Binance hack, initially reported to involve about $6.3 billion, has prompted a broad effort to freeze and trace stolen assets. Binance said roughly $3 billion had been frozen. Elliptic later estimated that $2.84 billion was immobilized by Friday morning, while attackers still controlled about $3.33 billion in assets that issuers could not freeze. These figures reflect separate estimates and do not mean the frozen funds have been recovered. Tether froze about $1.567 billion in USDT, and Circle froze roughly $823 million in USDC. Other issuers and projects also restricted tokens. Binance restricted nearly 29,934 WBETH, while Arbitrum’s Security Council moved ARB and ETH to a restricted wallet; reports gave differing amounts for that transfer. The attack affected assets across Ethereum, Bitcoin, Tron, Arbitrum, Avalanche, Optimism and Base. About 195,000 ETH and 18,270 BTC remained under scrutiny in the earlier report. The Binance hack also reached DeFi. Before the freeze, the attacker deposited $60 million in USDT into Aave and borrowed $44.6 million in WETH. Aave briefly paused markets as a precaution, then restored them, saying the position remained overcollateralized and its contracts were unaffected. Binance said it was working with law enforcement and industry partners, and would cover user losses through SAFU and company funds. Traders may continue to watch on-chain transfers and exchange-related risk: freezes can limit access to some tokens, but do not guarantee recovery, and native assets such as BTC and ETH cannot be frozen by a central issuer.

Chainlink says its Chainlink Reserve added 427,600 LINK in October, spending more than $5.3 million. The reserve now holds 6.4751 million LINK. Chainlink says the reserve is intended to support the network’s long-term growth and sustainability.

US officials are investigating a reported Binance hack that allegedly affected about $6.3 billion across multiple blockchains, according to the article. President Trump said the probe is under way, and the US Secret Service is helping track the stolen funds. Preliminary findings point to a compromised DevOps engineer’s laptop, with no direct breach of wallet private keys reported. Some experts have suggested North Korea-linked actors may be responsible, but attribution remains unconfirmed. The Binance hack has renewed calls from lawmakers for stricter crypto exchange oversight and could add pressure to Bitcoin and broader digital-asset markets. Traders will be watching for verified investigation findings, Binance’s response and any concrete US regulatory proposals.

Blockchain data provider Allium says historical data shared through Snowflake, BigQuery and Databricks has passed verification checks across all chains and regions. This recovery milestone follows Allium’s discovery of unauthorized access to some systems on Oct. 25, disclosed on Oct. 28. The company has not said how the access occurred, what information was reached, or whether customer data or API keys were exposed. Allium restricted access, notified affected customers and hired an independent cybersecurity firm to investigate. Allium restored its main app, Explorer and APIs on Oct. 28, revoking existing API keys as a precaution. The app was unavailable for about 61 hours and data delivery paused for just under 24 hours. As of Oct. 30, some features remained offline and the status page still showed partial outages. Allium customers include Visa, Stripe and Coinbase, but there is no indication that those companies’ own systems were accessed. The security investigation and incident response are ongoing; no direct impact on crypto assets has been reported.

A tech selloff erased more than $1 trillion in market value as investors questioned whether heavy artificial intelligence (AI) spending will deliver sufficient returns. The Nasdaq fell 2.86%, the S&P 500 dropped 1.82% and the Dow lost 1.09%, although all three indices closed above their session lows. Intel plunged 28.5% in its steepest intraday decline since 1974. SanDisk fell 13.8%, Marvell lost 10%, Micron slipped 5.3% and Nvidia dropped 4.2%, putting its market capitalization below $5 trillion. The VIX briefly approached 24 before ending just below 20, signaling increased caution. The selloff reflects uncertainty over AI investment economics, not necessarily fading demand for the technology. Financials, healthcare and energy stocks gained, while Treasury prices rose and yields fell. Oil climbed amid escalating Middle East security concerns: WTI topped $104 a barrel and Brent approached $118. Upcoming earnings from Apple, AMD, Qualcomm and other major companies may help traders assess the tech sector, AI spending and broader consumer and energy trends. The tech selloff may remain volatile as investors weigh earnings against the uncertain returns on AI investment.

S&P Global Ratings has revised Meta’s outlook to negative as the company’s AI infrastructure spending puts pressure on cash flow. Meta reported Q3 2026 revenue of $64.6 billion, up 26% year on year, but free cash flow turned negative at about $2.12 billion for the first time in more than a decade. The company raised its 2026 capital expenditure forecast to $135 billion–$145 billion and expects roughly $825 billion in future data centre and AI infrastructure investment. Meta has proposed non-voting shares and possible equity raises to fund the build-out without adding debt. The negative outlook is not a downgrade, but it signals greater credit risk. Meta shares fell 7%, while five-year credit default swaps rose to 114.79 basis points. The Meta negative outlook is a key risk for bondholders; traders will watch cash flow, leverage and the scale of any equity issuance.

Choice launched sLINJ, a leveraged INJ staking token issued by MidasRWA on Injective EVM. The product packages a looped staking strategy into one token and targets an annual percentage yield of about 12%, paid in INJ. The target is not guaranteed, and actual returns may vary. Users can subscribe with INJ, WINJ or yINJ. sLINJ charges a 1% annual management fee and a 15% performance fee on earned yield. Redemptions may take about three days, while instant withdrawals depend on available vault liquidity. The launch expands Injective’s DeFi yield options, but the leveraged structure, fees and withdrawal limits are important risks for traders and holders to consider.

Cohere has closed the first tranche of its Series E, which aims to raise up to C$7 billion at a post-money valuation of C$35.7 billion. If completed, it would be the largest funding round for a Canadian technology company. The Cohere Series E is led by Germany’s Schwarz Group, with participation from the Canadian government, Bell Ventures and Nvidia. Ottawa has committed up to C$1.6 billion, conditional on Cohere investing in infrastructure. The Toronto-based AI company plans to use the funding to develop models for regulated industries and expand computing capacity in Canada. It is also considering additional neocloud partnerships, following multi-year GPU agreements with BUZZ HPC and CoreWeave. Cohere says annual recurring revenue rose 165% year over year through the third quarter of 2026, while its customer base grew twentyfold to 300. The round’s final size and the pace of new Canadian compute capacity remain key milestones.

Chainalysis is investigating a cybersecurity incident with support from cybersecurity experts. The company said it has found no evidence that investigation content, authentication credentials or session tokens were accessed without authorization. Chainalysis has notified customers and will provide updates as the investigation continues. It said the incident is unrelated to the recent Binance crypto theft.

Jupiter Lend’s USDC vault, holding about 413.7 million USDC, had just 8.44 USDC available for withdrawal at 2:21 p.m. ET on October 30. The amount fluctuated during the day, falling to 6.37 USDC by 3:32 p.m. The protocol said broader market conditions had caused a liquidity crunch, but stated that it was functioning as expected and customer funds were safe. It gave no timeline for withdrawals to resume, saying liquidity would return as borrowers repay loans or new deposits arrive. The USDC vault’s withdrawal availability contrasts with some other Jupiter Lend pools, including SOL, where about a quarter of the supply was withdrawable. Jupiter said the issue was not caused by direct exposure to Binance, amid market concerns following large reported outflows from the exchange.

CFTC Chairman Michael Selig said the roughly $6.4 billion Binance hack underscores the need for US oversight of offshore crypto exchanges. He argued that exchanges should be able to register with the CFTC and meet US cybersecurity standards. Selig said the attack did not exploit a flaw in Ethereum or its smart contracts, but likely involved a vulnerability introduced through a laptop. Binance later reported finding “additional points of breach,” describing a more complex attack than a single engineer’s compromised permissions. TRM Labs said the incident points to a compromise of Binance’s signing infrastructure. The attacker used Ethereum’s EIP-7702 feature to drain a Binance hot wallet, while Tornado Cash was cited as a tool that can obscure transaction trails. Binance has set aside $6.34 billion to cover losses and says customer assets are safe. The Secret Service and FBI are investigating; TRM Labs and Chainalysis have linked the theft to North Korea’s TraderTraitor group. The breach adds momentum to the CFTC’s proposed crypto-market rules, though it does not establish a vulnerability in Ethereum itself.

A reported $6.3 billion Binance hack overshadowed a volatile week in crypto, helping trigger about $1.5 billion in liquidations, mostly long positions. The total crypto market value fell 3.6% in 24 hours to about $2.68 trillion. Binance said it had funds to cover the loss, while some market observers argued the incident was unlikely to cause broader contagion. The Binance hack story came as Quack AI (Q) suffered a sharp reversal. Q briefly reached a record $0.24, then fell to around $0.04, down roughly 60% over the week. PEPE, by contrast, rose about 6% to $0.0000052, giving it a market value near $2.2 billion. Reports that Justin Sun increased his holdings to 11.85 trillion PEPE, alongside a large whale purchase, drew attention to the meme coin. Binance also scheduled the removal of several spot and margin trading pairs on October 30. It temporarily paused ETH network deposits and withdrawals for wallet maintenance on October 28, with service expected to resume. The Binance hack, Q’s volatility and the exchange’s delistings may keep traders focused on risk, liquidity and exchange-related news.

Intel stock fell nearly 30% on Friday to $65.76, erasing more than $146 billion in market value, after the chipmaker issued a weaker-than-expected fourth-quarter forecast. The decline was its worst single-day fall in more than 50 years. Intel expects Q4 revenue of $15 billion to $16 billion, below analysts’ $17.07 billion estimate. Adjusted earnings per share are forecast at $0.25, versus expectations of $0.43. The outlook overshadowed stronger third-quarter results: revenue rose 21% year over year to $16.5 billion, while adjusted earnings per share reached $0.52. Demand for AI server processors is growing rapidly. Intel’s Data Center and AI division reported $7.3 billion in revenue, up 78% year over year. But manufacturing and packaging constraints, weaker PC demand and a factory accident in Israel are limiting output and pressuring margins. Intel expects its Q4 gross margin to fall to 38%, from 44.1% in Q3. The company also warned it probably will not generate positive free cash flow next year as it invests heavily to expand manufacturing and compete with TSMC. Nvidia’s $5 billion investment and a potential Apple manufacturing deal have supported hopes for Intel’s turnaround, but investors remain concerned about execution, spending and the PC market outlook. Intel stock’s sharp fall highlights the gap between strong AI demand and the company’s ability to supply chips profitably.

Bitcoin has fallen about 8.4% in October and is trading around $76,000–$77,000, putting it on course for a second consecutive month of October losses. The decline follows an early-month rally to roughly $80,000–$84,000 and a subsequent drop, with intraday lows near $76,500. Bitcoin’s 30-day high was in the mid-$86,000s. Traders are watching the $76,000–$76,200 area, where the 100-day simple moving average and the 0.382 Fibonacci retracement converge. A break below this Bitcoin support zone could trigger stop-losses and add to selling pressure. October’s weakness contrasts with Bitcoin’s historical seasonal trend: it has risen in 10 of the past 13 Octobers since 2013, with an average gain of about 19%. Broader market conditions may also affect whether support holds.

The CFTC has proposed a voluntary federal registration option for US crypto exchanges offering retail customers leveraged, margined or financed trading. The CFTC proposal would bring registered venues under requirements for market surveillance, anti-manipulation measures, customer protection and proof of reserves. Basic spot exchanges could remain primarily under state oversight, and Congress has not authorised the CFTC to require every crypto exchange to register federally. The proposal is not final and would not immediately change exchange operations. For traders, it is a regulatory signal rather than a direct price catalyst; its longer-term effect will depend on the rulemaking process, congressional action, exchange participation and compliance costs. The summaries cite no concrete evidence of a direct impact on Bitcoin prices.

Walmart-backed fintech OnePay now lets select US customers deposit USDC directly into OnePay Checking accounts. The USDC deposits are automatically converted into US dollars and credited to users’ checking balances, with no conversion fees at launch. The feature launched on October 30, 2026, and supports transfers across 12 blockchains, including Base, Solana, Ethereum and Tempo. Stripe’s Bridge platform handles deposit addresses, compliance checks and conversion. The service could simplify access to everyday banking for freelancers and gig workers paid in USDC, who may otherwise need to use an exchange and make a separate bank withdrawal. The move builds on OnePay’s earlier crypto services: Bitcoin and Ethereum trading began in January 2025, followed by additional tokens in March 2026. Availability is currently limited to select US customers.

Polymarket is investigating newly created accounts that placed well-timed bets on Israel’s Oct. 27 election, according to Bloomberg. Hundreds of accounts backed Benjamin Netanyahu to remain in office and his Likud party to win the most seats shortly before polls closed. The bets turned profitable after exit polls showed stronger results for Likud than early reports suggested. Blockchain analytics firm Bubblemaps identified 101 accounts first funded on election day, while Polysights reported large inflows into “YES” positions from new wallets. Some accounts reportedly cashed out more than $100,000 combined. Polymarket’s three main Israel election markets recorded about $106.4 million in trading volume, though the amount linked to wallets under review is unknown. The investigation has not established wrongdoing, and no traders have been publicly accused. Polymarket prohibits trading on stolen confidential information and says it can ban wallets or refer cases to law enforcement. The case adds to scrutiny of insider trading and oversight on prediction markets, but its direct effect on broader crypto prices is likely limited.

Cardano founder Charles Hoskinson warned of “seriously dangerous code” after sharing an analysis alleging that an attacker used Ethereum’s EIP-7702 delegation feature to target a Binance hot wallet. The analysis, published by CyberSatoshi, describes a custom sweeper that allegedly processed tokens and could call an external vault holding $823 million in USDC. These claims have not been independently confirmed. CyberSatoshi said the alleged operation used 50 pre-signed authorizations to account for the wallet’s changing transaction nonce. It also acknowledged that the attacker would have needed the wallet’s private key or unrestricted access to Binance’s signing systems. EIP-7702 requires a valid signature to delegate account execution; its specification warns that delegated code can have unrestricted access to the account. Hoskinson did not identify a specific protocol flaw or explain which parts of the analysis he endorsed. The report therefore raises questions about wallet security and signing controls, but does not establish how credentials were obtained or confirm the alleged attack’s full impact.

Binance says it will cover all losses from the 30 October hot-wallet attack, which involved about $6.3 billion in tokens. The exchange has secured more than $5 billion to reimburse users through its SAFU fund and company funds, and says roughly 80% of the stolen assets have been replaced. Binance has also frozen about $3 billion on-chain; the remaining funds are being sourced through market and over-the-counter purchases. Deposits and withdrawals were suspended after the attack, while spot trading continued. Binance says withdrawals could resume in stages within about 34 hours, subject to security checks. Investigators have identified possible points of intrusion but found no evidence that wallet private keys were exposed. Binance expects to publish further technical findings within about 48 hours and plans a proof-of-reserves snapshot, with results expected by 2 November. Traders are watching the withdrawal restart, recovery of remaining funds and security disclosures for signs of further market volatility. Binance has warned users to avoid unsolicited compensation links.

A reported $6.3 billion Binance security breach coincided with a sharp crypto market sell-off. The Binance hack saw Bitcoin fall 4.8% to about $77,131 and Ethereum drop 5.7% to roughly $2,217, while BNB lost 8.2% to around $693. XRP, Solana, AAVE and UNI also declined. The Crypto Fear and Greed Index fell to 30. CoinGlass data showed more than $1.5 billion in leveraged positions liquidated over 24 hours, including about $1.34 billion in longs. Bitcoin accounted for roughly $499 million of liquidations and Ethereum $358 million. Futures open interest fell 3% to about $136.3 billion, while trading volume rose 74% to $346.1 billion, indicating reduced exposure amid heightened volatility. Bitcoin and Ethereum later recovered some losses but remained below pre-sell-off levels. Binance said it would cover affected customer losses and that about $3 billion in related assets had been frozen with industry partners. It temporarily paused deposits and withdrawals while investigating. Aave restricted new deposits and borrowing in its V3 and V4 markets as a precaution, while saying its smart contracts were not compromised and withdrawals and loan repayments remained available. The Binance hack has intensified security concerns and may keep traders cautious as they assess market risk and exposure.