Crypto News

The Nasdaq 100 fell 3.6%, wiping more than $1.3 trillion from its market value in its biggest daily decline since June 5. Disappointing earnings from Amazon and Intel fueled concerns about technology stocks and AI spending. Bitcoin also fell below $77,000 amid the broader market sell-off, while crypto markets showed widespread losses. Prediction-market pricing put the odds of Bitcoin trading above $82,000 by November 3 at 5%. Traders will be watching upcoming technology earnings and wider market signals for signs of whether risk-off pressure will persist.

Crypto liquidations surged as market pressure intensified. In an earlier report on October 15, CoinGlass recorded $476 million in liquidations in one hour, including $457 million in long positions. Binance accounted for about 62% of that total; ETH liquidations were about $199 million and BTC liquidations $110 million. BTC was near $81,000 and ETH near $2,362, both down over 24 hours. The full-day total was $922 million, affecting 174,600 traders. By October 30, 2026, 24-hour crypto liquidations had risen to about $1.67 billion across 254,045 traders. Longs made up roughly 86% of the total, with about $560 million in BTC liquidations and $360 million in ETH liquidations. Binance represented around half of liquidation volume, while Hyperliquid accounted for an estimated 19% to 22%. The latest report also coincided with a reported Binance security breach that the exchange said affected about $6.3 billion in assets and led it to suspend deposits and withdrawals. The breach may have added to market stress, but liquidation figures alone do not establish its precise effect. The sharp increase in crypto liquidations underscores the risks of leverage and restricted exchange access during volatile markets.

zkLink has launched a bounty programme in response to a security incident affecting zkLink Nova. Security researchers and white-hat contributors who provide information that materially helps recover funds may receive up to 20% of the amount recovered. The team will determine eligibility and rewards based on the value of the information provided. The exploiter may also keep 20% as a white-hat bounty by returning all funds, and zkLink says it will take no further legal action over funds returned. The incident’s scale and any confirmed losses were not specified.

Gate founder and CEO Lin Han has called for a crypto security alliance to coordinate security standards, intrusion detection and emergency response across the industry. The appeal follows a Binance security incident that the report says involved losses of about $6.3 billion. Gate also proposed vaults using split keys shared among users, Gate and a recovery partner. Under the plan, at least two parties would need to be compromised before funds could be moved. A 48-hour withdrawal delay would give users time to freeze withdrawals if an attack is suspected. Gate said it has flagged the related hacker addresses and would freeze illicit funds transferred to its platform. The proposals could strengthen crypto security, though withdrawal delays may affect liquidity and user access to funds.

Ocean is facing a Bitcoin transaction-censorship allegation after developer Kruw said miner Powre excluded his consolidation transaction from block 973,817. Kruw’s comparison showed 1,698 transactions in the mined block versus 3,580 in an expected template, with transaction fees 7.68% lower. The figure refers to fees in the comparison, not a proven cut to every pool participant’s payout. Ocean representative Chris said the pool’s DATUM setup allows miners to choose transactions for their own block templates. He acknowledged that leaving fees uncollected may be economically questionable, but argued that Ocean should not control miner choices through payout decisions. Kruw said the pool could reject work that falls below an acceptable fee level. Chris countered that miners may have different mempool data and relay policies, so a fee shortfall against a hypothetical maximum does not by itself prove censorship. The Bitcoin mining dispute highlights a broader debate over miner autonomy, pool rules and fee revenue. It has no clear direct market-price catalyst, but could draw attention to Bitcoin’s transaction-selection practices and mining-pool governance.

A joint proposal from Tachyon Group and Shielded Labs would end automatic future funding for the Zcash Community Grants (ZCG) program while allowing it to continue awarding grants from its remaining treasury. The plan would redirect Zcash’s 8% block subsidy allocation to a new development and legal defense lockbox, where funds would remain inaccessible until a later community decision sets rules for spending. ZCG would also be required to send 50,000 ZEC to an unspendable address within 30 days of community acceptance. The donation would not require a network upgrade. Redirecting the funding stream and incorporating the donated ZEC into the Network Sustainability Mechanism would require a consensus upgrade after NU7. Under the proposed mechanism, the coins could return through future block subsidies, so the donation would not permanently remove them from Zcash’s monetary schedule. The proposal estimates that ZCG would retain 41,452.98 ZEC and about $8.8 million in dollar holdings after the donation, with outstanding grant liabilities of roughly $2.4 million. Its projected remaining treasury value of $60.3 million assumes a ZEC price of $1,300 and is not a current market valuation. Zcash co-founder Zooko Wilcox presented the draft as a compromise that preserves grantmaking while changing how future development funds are managed. The draft has no activation date.

The reported $6.4 billion Binance hack prompted a public exchange between Elon Musk and Binance co-founder Changpeng Zhao (CZ). After Musk responded to discussion of Binance’s potential losses with a grimacing emoji, CZ asked him to stop trolling and pointed to Binance’s SpaceX shares, valued by CZ at more than $1 billion. Binance co-CEO Yi He said the company’s annual revenue could cover the losses without selling those shares. CZ later clarified that he had not proposed selling them. Binance says it has reserved more than $6.34 billion to cover the incident, including $5 billion in the same tokens that were stolen. It is sourcing the remaining amount through market and over-the-counter purchases. Tether and Circle froze assets linked to the attackers, while blockchain analytics firms TRM Labs and Chainalysis attributed the attack to North Korea-linked group TraderTraitor. The Binance hack highlights how recovery options differ across crypto assets: centralized stablecoin issuers can freeze tokens, while Ethereum cannot be frozen by a central issuer. For traders, the scale of the reported theft and questions about exchange security may weigh on sentiment, although Binance’s stated reserves and the frozen funds could help limit concerns about its ability to cover losses.

The Crypto Fear & Greed Index fell 21 points to 29 on October 30, entering fear territory as Bitcoin dropped below $77,000. Bitcoin briefly touched about $76,400, down from a close near $77,839 the previous day. The article attributes the sell-off to a reported $6.3 billion Binance breach spanning October 29–30. BNB fell about 8.5%, while roughly $1.57 billion in crypto futures positions were liquidated in 24 hours, including about $522 million in Bitcoin and $361 million in Ether liquidations. Despite the sharp shift in sentiment, Bitcoin dominance remained near 59% and total crypto market value stood at about $2.6 trillion. Analyst Benjamin Cowen identified the 200-day moving average, near $73,000, as a potential Bitcoin support level. Traders are watching whether that level holds, while the liquidation figures underline the risks of leveraged trading.

Anthropic may struggle to secure an investment-grade credit rating after its planned IPO, despite targeting a valuation of $1.5 trillion to $2 trillion. A Financial Times writer says the company’s large future computing commitments could weigh on its credit profile. Anthropic’s IPO filing reportedly lists at least $417 billion to $430 billion in future computing obligations. Including contingent commitments and additional capacity, the total could reach about $750 billion. Some contracts with Broadcom, Google, Amazon and Microsoft are off balance sheet, but credit agencies may still count them as liabilities. The Claude maker reported $16.3 billion in revenue and an $80.7 billion net loss for the first half of 2026. KBRA assigned Anthropic a BB+ rating in June, one notch below investment grade. An IPO could strengthen its cash position, but the scale of its commitments and losses may continue to limit its rating. Investors will watch the IPO proceeds, rating-agency decisions and whether losses narrow as revenue grows.

Federal Reserve official Musalem said monetary policy and overall financial conditions remain accommodative, while inflation is still too high. He argued that inflation is unlikely to ease without Fed action and that early Fed rate hikes could reduce the risk of a larger shock to the broader economy. His comments signal concern about persistent price pressures, but do not announce a policy decision. Traders may watch upcoming inflation data and Fed communications for clues on the timing and pace of rate hikes.

Allora says its network and ALLO token contract remain secure, and ALLO held outside Binance was unaffected by the exchange’s security incident. Some ALLO held on Binance was stolen, but Allora activated an emergency safeguard that prevents the tokens from being transferred, sold or used. The tokens have not left the attacker’s wallet and are being returned to Binance in full. Allora says the incident will not change ALLO’s total supply.

The U.S. Federal Reserve has kept interest rates unchanged as it weighs persistent inflation against broader economic uncertainty. Divided policymakers have left the possibility of another rate hike open, while markets look ahead to the Fed’s December decision. Hafiz Noordin, vice president and director of active fixed-income portfolio management at TD Asset Management, discussed the rate outlook. The Fed’s next steps could influence bond yields and the U.S. dollar, with knock-on effects for risk assets, including cryptocurrencies.

Aave market freezes are under scrutiny after an X user claimed a Binance-linked attacker deposited $60 million in stolen USDT and borrowed about 19,762 ETH before the restrictions took effect. The claim has not been confirmed in the article, and Aave has not announced a loan shortfall or losses for depositors. Aave contributor Emilio said the freezes were precautionary and intended to help issuers recover stolen assets. Setting borrow caps to zero could stop new borrowing, he said, but leaving deposits open might still let attackers move funds into the markets. He did not identify the affected markets or give a timeline for lifting restrictions. The incident also prompted a debate over DeFi lending design. Morpho co-founder Paul Frambot said isolated markets can contain risk, while acknowledging they do not eliminate market-level liquidity and interest-rate disruptions. Aave contributor Marc Zeller countered that Morpho Blue lacks certain emergency controls and deposit-loss protections, arguing that lenders in a failed isolated market could bear the losses. For traders, the episode raises questions about Aave’s exposure, asset-recovery controls and the trade-offs between pooled and isolated lending. The alleged 19,762 ETH borrowing and any resulting loss remain unverified.

Stacks co-founder Muneeb Ali warns that Bitcoin could face a “risky era” if it lacks a credible quantum-resistance plan by 2028. His proposed timeline allows roughly two years for protocol upgrades and another two for users to move coins to quantum-resistant addresses. He says AI could accelerate quantum development, potentially bringing the expected transition forward from 2030 to 2029, but cites no hardware evidence for that forecast. Quantum computers have not cracked Bitcoin keys, yet the lack of a clear upgrade roadmap may already make risk-conscious institutions cautious about large BTC purchases. Bitcoin quantum resistance is therefore a long-term confidence issue, not evidence of an imminent attack. NIST guidance calls for US federal systems to transition digital signatures by 2031, while Bitcoin has no equivalent mandated schedule. StarkWare has also reported lowering the estimated cost of an experimental quantum-resistant Bitcoin transaction from about $320 to $67, though the method is non-standard, requires direct miner submission and does not protect coins with exposed public keys. Developers continue to see a protocol-level upgrade as the lasting solution. Ali separately argues that AI-driven analysis of public transaction histories makes Bitcoin privacy a concern for institutions. The later update also mentions BTC rewards being reinvested into stBTC and a three-month Stacks incentive offering 3 BTC for Bitcoin deployed through Bitflow and Zest; these are ecosystem developments, not evidence that Bitcoin’s protocol has changed. For traders, a credible roadmap could support confidence, while delays or disputes could sustain a risk premium and weigh on BTC sentiment.

Binance expects to reopen withdrawals within 42 hours after a complex, multi-stage security incident affected assets worth $6.3 billion. Binance co-CEO Yi He said industry participants helped freeze about $3 billion. The exchange plans to use its own funds to match affected assets with customer balances; most can be covered by existing holdings, so it expects to buy only a small amount on the market. Binance halted withdrawals to secure its systems and says it will publish a technical security audit, update its proof-of-reserves data and work with law enforcement to track the attackers and funds. Yi acknowledged that Binance should have invested more in security. The planned restart and asset matching may ease liquidity concerns, but traders will be watching for confirmation, audit findings and further details about the affected assets.

Paybis is a cryptocurrency platform that lets users buy digital assets using cards, PayPal or bank transfers. It serves customers in more than 180 countries and lists over 90 cryptocurrencies, although payment options, limits and availability vary by location. The review advises buyers to check the final purchase quote for the total cost, including platform fees, exchange-rate spreads, possible bank charges and network fees. Credit card transactions may be treated as cash advances by issuers, potentially adding fees and immediate interest. Identity verification may also delay a first purchase. Paybis may appeal to buyers seeking multiple payment methods and broad asset selection. The article recommends checking local terms, comparing costs with other platforms and starting with a small test purchase. It is sponsored content and does not report a market-moving development. Paybis and crypto purchases carry risks; cryptocurrency prices can fall sharply.

A reported $6.3 billion hack at Binance dominated a week otherwise focused on the Federal Reserve’s decision to hold interest rates steady. Bitcoin fell to a six-week low of $76,400 after news of the breach emerged, then partially rebounded. The article says other entities froze about $3 billion in assets. The shock spread across the market: BNB fell below $700, Solana (SOL) dropped more than 7%, and total liquidations reached $1.5 billion, wiping out more than 235,000 traders in a day. At the weekly market snapshot, Bitcoin was at $77,380, down 5.1%; Ether (ETH) was $2,225, down 7.4%; and XRP was $1.25, down 4.5%. Bitcoin dominance stood at 57.8%. Other notable developments included the US Office of the Comptroller of the Currency granting final approval for Ripple National Trust Bank, and Intercontinental Exchange agreeing to operate US perpetual futures linked to Hyperliquid, after which HYPE rose 15%. The article also reports a $2.6 million loss at Polymarket and a 6,182 BTC purchase by Strive. Overall, the reported Binance breach intensified risk aversion and added pressure to Bitcoin and the wider crypto market.

Elliptic has released a free Binance exploit blocklist in CSV format, enabling crypto businesses to screen transactions linked to the attack. API access is expected to follow, and Elliptic says it will add addresses as investigators trace the stolen funds. The firm attributes the hack to North Korea-linked actors, raising potential sanctions exposure for businesses that handle the funds. Elliptic estimates the theft at $6.43 billion, making it the largest crypto theft on record and more than four times the $1.46 billion taken in the Bybit exploit in February 2025. It says $2.84 billion has been frozen, while the remaining funds may be laundered through the crypto industry over the coming months. The blocklist is intended to help platforms identify stolen funds and reduce laundering routes.

Bitcoin traded near $77,000 on Friday as a broad sell-off in risk assets weighed on crypto markets. BTC was down about 1.1% on the day and on track to end October 7.7% lower, its weakest October performance since 2014, according to CoinGlass data. The Nasdaq Composite fell 2.5% to around 25,500 after disappointing technology-sector guidance renewed concerns about AI investment and profitability. Intel shares dropped nearly 30% after the company warned of weaker-than-expected fourth-quarter sales. Gold also fell, touching $3,891 an ounce, its lowest level in a year. Crypto faced an additional source of pressure from the reported $6.3 billion Binance hack. Binance said it would cover losses using its own capital, and a spokesperson said the exchange had $5 billion in matching tokens available. QCP Capital said the combination of macroeconomic pressures, technology-sector concerns and the Binance incident had heightened market repricing. For traders, the developments point to elevated volatility and continued sensitivity to risk sentiment and exchange-related news.

Microsoft Copilot outlined a highly speculative scenario in which XRP could reach $28–$50, with a stretch target above $75, by 1 January 2027. The hypothetical catalyst is a coordinated decision by central banks and payment networks to use the XRP Ledger for multi-CBDC cross-border payment corridors, potentially generating substantial demand for XRP. The article stresses that such coordination is considered highly unlikely and the figures are not a realistic base-case forecast. At the time cited, XRP traded at $1.25, down 2.7% for the day amid reports of an alleged $6.3 billion Binance-related hack. The article identifies support around $1.18–$1.22 and $1.10–$1.15, with resistance near $1.35–$1.45. It says a sustained move above $1.60–$1.80 could signal stronger intermediate momentum, while XRP’s previous all-time high is given as about $3.66. These technical levels and the extreme AI-generated targets are scenarios, not guarantees.

Strategy executive chairman Michael Saylor backed Binance’s pledge to reimburse users after a breach on October 29–30 that the exchange estimates caused about $6.3 billion in losses. Saylor said Binance has committed more than $6.34 billion to cover losses, with $5 billion in affected tokens already allocated and the exchange’s balance sheet set to cover any shortfall. The attackers reportedly moved nearly $6.36 billion across at least 10 blockchains in about 20 minutes. Around $3 billion was frozen with help from law enforcement and industry partners. Binance paused withdrawals as it introduced security measures. Investigators have found no evidence so far that employee negligence or compromised private keys caused the breach. For Binance users and traders, the key issues are whether reimbursements arrive in full and on time, when withdrawals resume, and whether more assets can be recovered. The scale of the theft could weigh on confidence in Binance and the wider crypto market, while the reimbursement commitment and frozen funds may help contain the fallout.

European Central Bank Executive Board member Philip Lane says artificial intelligence is already influencing the euro area economy, though its productivity gains have yet to fully appear. Firms are expected to allocate about 10% of investment to AI in 2026, while AI-related lending accounts for roughly one-quarter of recent corporate credit growth. AI use has also expanded: 64% of firms reported using it experimentally or moderately in late 2025, and 52% of workers used AI at work in 2026, up from 26% in 2024. Europe remains behind the US and China in AI infrastructure and development. It holds about 5% of global AI computing capacity, compared with roughly 75% for the US. ECB scenarios suggest AI could add 0.3 to 0.4 percentage points to euro area productivity growth annually over the next decade, with rapid adoption potentially delivering cumulative gains above 4%. Meanwhile, global AI investment is contributing to higher long-term interest rates. Lane sees AI as a long-term growth opportunity, but one that creates near-term economic and financial challenges.

European Central Bank chief economist Philip R. Lane says AI is having little effect on euro area inflation so far. AI-linked goods, including smartphones and electronics, have relatively low weights in the consumer price basket. The ECB also sees no clear aggregate impact yet on employment, productivity or prices, despite workplace AI use rising from 26% in 2024 to 52%, and 64% of firms reporting some AI use. Lane says AI’s demand for electricity could put slight upward pressure on prices. Its more visible economic effect is through global investment and higher long-term bond yields, which tighten financial conditions and may weigh on medium-term activity and inflation. The ECB’s assessment suggests AI is not currently a reason to tighten policy further. Traders will be watching energy prices, ECB commentary, adoption data and global yields.

A reported $2.8 billion outflow from a Binance hot wallet and temporary withdrawal pauses sparked a leveraged crypto sell-off on Oct. 29–30. Binance has not confirmed any loss of customer funds. Liquidations reached an estimated $590 million to $628 million in the peak hour, with estimates for the full day ranging from $356 million to $834 million. Bitcoin fell about 5%, while Ethereum lost 6%; mid-cap altcoins were hit harder. Chainlink (LINK) dropped about 11% before recovering to around $11.04, just above its 200-day average. LINK has logged 18 consecutive days of net outflows from Binance, a sign that some holders may be moving tokens into self-custody. However, LINK remains below resistance near $12.06 and its 50-day average. Avalanche (AVAX) rebounded about 3% to $8.51 but remains below its 200-day and 50-day averages, near $9.11 and $9.35. LINK’s hold above the $11 area and AVAX’s ability to reclaim resistance are key near-term tests. Renewed selling could put LINK’s support near $9.75 and AVAX’s near $7.04 at risk.

North Korea-linked crypto hacks have involved about $9.6 billion since 2019, according to monitoring account unfolded. The reported Binance theft accounts for roughly $6.4 billion—about two-thirds of the total—with around $3 billion reportedly frozen. That figure exceeds the combined value of the next nine largest hacks, estimated at $5.4 billion. Other cited incidents include Bybit ($1.4 billion), the Ronin bridge ($624 million), Bitget ($387 million), Drift ($295 million) and Kelp DAO ($293 million). Attribution for several recent incidents, including those involving Binance, Bitget and Drift, is based mainly on security firms’ assessments and has not been confirmed by the FBI. The figures highlight the scale of North Korea-linked crypto hacks and the continuing security and attribution risks facing crypto exchanges and protocols.

Binance co-CEO He Yi said the exchange’s hot-wallet breach caused net losses of more than $3bn. She said the affected funds represent just over 2% of Binance user assets and publicly disclosed reserves. Binance has paused withdrawals as a precaution, while He Yi said user funds remain safe. The exchange plans to increase security investment and step up efforts to combat hackers. The scale of the Binance hack may weigh on confidence in the short term, even as the exchange’s reserve comparison is intended to reassure users.

Listed Bitcoin treasury companies hold about 1.3 million BTC across 180 firms, equal to roughly 6.2% of Bitcoin’s eventual supply, according to figures cited by Bitfinex. Strategy holds 848,517 BTC, around two-thirds of the total, making its ability to keep raising funds especially significant for the market. Bitfinex warns that discounts on preferred shares could weaken the financing model used to fund further Bitcoin purchases. If investor demand falls or fundraising becomes more expensive, companies could face pressure to sell Bitcoin to meet dividend obligations. Strategy’s STRC closed at $99.34 on Oct. 29, below its $100 stated value. The company plans to move STRC to daily dividend record dates from Nov. 1, a change intended to reduce price volatility around payment dates, not increase the dividend amount. Other Strategy preferred securities are scheduled to follow in 2027. Strive, which already pays daily dividends on its SATA preferred shares, raised about $630 million by selling 7 million SATS shares at $90 each. It also bought 6,182 BTC between Oct. 17 and 23, bringing its holdings to 43,000 BTC. Its cash balance was $504.4 million on Oct. 23. For Bitcoin traders, the data show continued corporate demand but also highlight how dependent some treasury purchases are on preferred-share markets. A deterioration in financing conditions could curb buying or create eventual selling pressure.

Crypto stocks fell broadly on Oct. 30, with Coinbase down 12.54% after reporting a 44% year-on-year drop in third-quarter transaction revenue. Riot Platforms, Hut 8 and Robinhood each lost more than 8%. The declines came as Bitcoin traded near $77,454, down about 5% in a market snapshot, and followed news of a Binance security breach affecting an estimated $6.3 billion in assets. Binance said it had committed more than $6.34 billion in company funds to replace affected assets, including $5 billion held in the relevant cryptocurrencies. It also reported that about $3 billion had been frozen through industry cooperation and said buybacks were underway, though thin liquidity could slow some purchases. Coinbase returned to quarterly profit, reporting net income of $718.7 million, but total revenue fell 35% year on year to $1.216 billion. Strategy was down 6.23% after recovering from its session low. The broad sell-off in crypto stocks exceeded declines in major US equity benchmarks, reflecting pressure from weaker trading revenue, the breach and a broader market downturn.

CFTC Chairman Michael Selig says the agency is advancing a voluntary federal registration option for crypto exchanges. He discussed the proposal with CNBC while speaking about the Binance hack, Reuters reported. With Congress yet to pass related legislation, the CFTC registration route could offer exchanges a clearer path into federal oversight. Selig says the aim is to provide crypto markets with protections similar to those in US derivatives markets. The proposal is not mandatory, and no requirements, timeline or immediate changes to exchange operations have been reported.