Crypto News

Google shares fell 12.64% after its latest results intensified investor concerns about the cash cost and payback period of AI investment. Third-quarter revenue rose 25% to $127.6bn, while Google Cloud revenue more than doubled. But search advertising growth slowed, and capital expenditure reached $51.4bn, exceeding operating cash flow and pushing free cash flow to a $9.1bn outflow. Management said capital spending would rise further in 2027 without giving a peak date. Amazon also came under pressure as investors weighed softer-than-expected revenue, a deep free-cash-flow deficit and plans to increase capital spending. Intel fell after its fourth-quarter revenue and margin guidance missed expectations, despite strong data-centre growth. Together, the results have sharpened scrutiny of AI investment: demand for cloud and computing capacity remains strong, but markets want clearer evidence that spending will produce profits and cash returns. Eli Lilly offered a contrast. Revenue rose 39% to $24.4bn, led by its Mounjaro and Zepbound drugs, and the company raised its full-year sales forecast for a third time. Its shares gained 6.57% to a record high. Healthcare, financial and energy shares also advanced, suggesting investors were favouring companies with more visible earnings and cash flow rather than abandoning equities or AI outright. Traders will watch Nvidia’s results, future cloud-company capital-spending plans and the Federal Reserve’s rate decision for signs of whether AI investment can generate adequate returns.

After a security incident at Binance, large traders increased hedges against a short-term Bitcoin decline. Early reports described losses exceeding $6 billion, but Binance later put the estimated impact at about $63 million and said it would cover the losses with its SAFU fund and company funds. Paradigm recorded about $590 million in Bitcoin options block trades during the eight hours after the incident became public, with most activity in puts. The earlier report also noted that the first large trade came roughly 15 minutes after funds reportedly began leaving a Binance wallet, before public disclosure. Trades included puts with strikes around $74,000 to $78,000, expiring that week and in mid-November. Paradigm said the flow suggested protection against a near-term pullback rather than bets on a market crash. Deribit also saw sizeable put strategies, including one reported at about $190 million. One-week options skew briefly rose to around 18%, signalling stronger demand for downside protection, before easing; it remained positive across maturities. Some traders also bought calls, including March contracts, so sentiment was not uniformly bearish. The Bitcoin options flow points to caution, and traders may monitor put prices and skew for signs that concerns about the incident or broader market weakness are growing.

Nine companies are expected to spend about $1 trillion on capital expenditure (capex) in 2026, with most of the money going to AI data centres, chips and networking equipment. Amazon, Alphabet and Microsoft account for roughly $590 billion of the total. Amazon forecasts about $220 billion in 2026 capex. Alphabet has held its guidance at $195 billion to $205 billion and reported a $561 billion Google Cloud backlog. Microsoft has trimmed its spending outlook to about $170 billion, from an earlier estimate of $175 billion. The AI data centre capex surge could benefit chipmakers, memory suppliers, networking companies and data centre builders. But investors are weighing the risks of rising depreciation costs, power constraints and limited chip supply. The spending boom may support demand for computing infrastructure, although returns depend on whether AI and cloud revenue can justify the investment.

A suspected Binance hack has left an attacker holding 195,460 ETH, worth more than $440 million, in a wallet that cannot be frozen by a token issuer. The coins had not moved by late evening UTC. Binance estimated the incident’s total impact at about $6.3 billion and said it would cover losses; deposits and withdrawals were suspended. Tether and Circle froze most of the stolen stablecoins, while Ethereum itself was not hacked. The ETH stash is just under 3% of a typical day’s trading volume. Ether fell about 2.6% in under an hour after the news and was trading near $2,230, down about 6% for the week and 17% over the past month. ETH remains below its 50-day average near $2,430 and its 200-day average, leaving both as potential resistance. Daily RSI is near 30, but MACD and trend readings still point to selling pressure. Traders are watching support near $1,940; a break could expose the next floor around $1,850. A sustained move above the 200-day average near $2,320 would signal improved buying strength. The market’s near-term direction may depend on whether the attacker sells ETH in tranches and on Binance’s resumption of withdrawals.

A security breach at Binance triggered a sharp wave of crypto liquidations, increasing pressure on already weak markets. Binance estimated that $6.3 billion in assets were affected, paused deposits and withdrawals during security checks, and said it would cover user losses. Derivatives data showed $1.53 billion in positions liquidated in 24 hours, including about $1.29 billion in long positions. Binance recorded the most liquidations, at $754.6 million. Bitcoin briefly fell to about $76,460 before recovering towards $78,500, while a late short squeeze pushed most of the latest hourly liquidations onto short sellers. XRP traded near $1.25, below its 50-day and 200-day moving averages. Its indicators remain weak, but the chart shows a drift lower rather than a strong downtrend. Resistance is near $1.31, with support around $1.05 and $0.99. XRP liquidations reached $38.1 million. Cardano (ADA) is under greater pressure. Trading near $0.19, it has fallen about 9% in a week and 21% in a month. Sellers remain in control, and the nearest clear support is around $0.17; a break could leave ADA without an obvious nearby floor. Its first resistance is near $0.21. Both tokens remain vulnerable to fresh selling if Binance’s review reveals deeper losses. XRP appears less trend-bound, while ADA faces the sharper downside risk.

Moody’s assigned Ripple’s RLUSD stablecoin an A2 long-term rating and its highest short-term rating, P-1, on October 27, making it the first stablecoin to receive an investment-grade rating from the agency. The announcement followed final US approval for Ripple to establish a national trust bank and came as RLUSD’s market capitalisation passed $2.5 billion. RLUSD, issued by Standard Custody & Trust Company, runs on the XRP Ledger and Ethereum. Its reserves are mainly cash, short-term US Treasuries and other liquid government assets. Standard Custody targets 103% reserve coverage, and most assets are held at Bank of New York Mellon. Eligible institutional holders can generally redeem directly at par within two business days, but retail holders do not automatically have the same access. Moody’s said Standard Custody is not bankruptcy-remote and RLUSD holders do not directly own the reserve assets, so insolvency could delay access to funds. The rating does not guarantee a constant $1 peg or immediate redemption for every holder, and RLUSD is not a bank deposit with deposit insurance. Weaker reserves, liquidity or operations could prompt a downgrade; stronger legal protections, including provisions of the GENIUS Act expected to take effect in 2027, could support a higher rating. The rating and bank approval may help RLUSD gain institutional adoption, but its growth does not necessarily mean increased demand for XRP.

A crypto wallet’s displayed balance is an estimate based on the latest quoted price, not a guaranteed payout. If a token has limited liquidity, selling a large position can push its price down through price impact and slippage. A position shown as worth $100,000 could, in a hypothetical example, return only $63,000 before fees—a 37% shortfall. Actual results depend on liquidity, pool or order-book depth, and execution conditions. Traders should check the estimated proceeds for the full trade, review market depth, and consider order size before selling. Smaller transactions may reduce price impact but can add fees and exposure to price changes. Unfamiliar tokens also carry the risk of honeypot restrictions that can prevent or penalize sales. A crypto wallet balance therefore should not be treated as cash that can necessarily be realized at the displayed value.

China stocks extended their record losing streak to 12 weeks on Friday, as global concerns over returns on artificial intelligence spending pressured technology shares. The CSI 300 fell 1.4% that day and has lost 15% in 12 weeks. It dropped about 8.5% in October, its steepest monthly decline in more than a decade. The Shenzhen ChiNext Index fell 4.1%, while the CSI 5G Communications Index dropped 6.2%. Optical-module maker Eoptolink Tech slid about 14% on Friday, leaving it down roughly 50% for October. The declines continued despite estimated purchases of up to $25.5 billion in stocks by state-backed investors earlier in the week. AI spending concerns also weighed on global technology stocks, including US companies and Asian chipmakers. South Korea’s SK Hynix fell more than 7%, and the Kospi lost about 3.5% on Friday. Hong Kong’s Hang Seng Index moved in the opposite direction, gaining around 1.5% as investors selectively bought some technology shares. For traders, the diverging performance points to ongoing volatility and a market focused on whether heavy AI investment can deliver sufficient returns.

BNB fell below 700 USDT on 30 October 2026, trading at 699.8 USDT, according to market data reported by Odaily. Its price was down 5.45% over 24 hours. The report provided no specific cause for the decline. Traders may monitor whether BNB can reclaim the 700 USDT level and whether broader market conditions add to selling pressure.

Binance co-founder CZ said a token recovery effort appears to have started, but did not provide details about its scope, timeline or the tokens involved. He said Binance naturally accumulates tokens listed on the exchange because users can pay trading fees with the assets they trade. CZ also said user funds are safe (SAFU). The comments offer limited information about the token recovery process, so traders should look for further details before drawing conclusions about its progress or impact.

Eurozone GDP grew 0.4% quarter on quarter in the third quarter, down from 0.6% in the previous quarter, but growth remained above trend. The figures show Eurozone GDP holding up despite the Middle East crisis and its potential energy-market effects. Growth weakened across several major economies. France’s GDP contracted 0.1%, Italy stagnated and Germany grew 0.2%, down from 0.3%. Spain and the Netherlands each expanded 0.6%, compared with 0.7% in the previous quarter. The data points to continued resilience, though momentum eased in most large economies.

Polymarket briefly restricted trading on its international platform on October 29 after a third-party website supplier was compromised. Trading resumed about an hour later, and the platform said it had identified and fixed the vulnerability, referred the matter to law enforcement and would reimburse affected users. It also paused relayer activity during its investigation. Researchers linked the incident to a monitoring script on the trading website that reportedly tried to access active users’ trading clients and signers, then sell positions or transfer assets. Trader Car said about $800,000 was missing from his account and his positions had been sold. Other users reported losses, while blockchain estimates varied, with some approaching $2.7 million. Polymarket has not confirmed individual claims or published a final loss total, reimbursement schedule or details on how it will value unauthorised sales. Its notice concerned the international platform and did not say whether the separate US exchange was affected. The breach highlights third-party software and account-permission risks for Polymarket users. A similar, separate vendor-related incident in June had also led to a refund pledge. For traders, the key near-term issues are confidence in Polymarket security and clarity on compensation; there is no confirmed evidence of broader crypto-market disruption.

Strategy shareholders approved daily dividends for its STRC preferred stock, with 99.3% of votes in favour. The schedule is expected to start on 1 November, with the first payment due on 2 November. Daily dividends change payment timing, not the amount investors receive, and Strategy says they may reduce price swings around ex-dividend dates and improve liquidity. STRF, STRK and STRD are expected to switch to daily payments in January 2027; earlier reports gave a 4 January start date, while the later report cited 1 January. STRC closed at $99.34, below its $100 stated value. The move comes as Bitcoin treasury firms compete for income-focused investors. Strive has also adopted daily payments for its SATA preferred stock, while its SATS shares offer a fixed 15% annual dividend. Strive recently raised about $630 million through a SATS offering and bought 6,182 BTC. Strategy and Strive use preferred-stock sales to fund Bitcoin purchases. If daily dividends improve preferred-share liquidity and pricing, they could support future fundraising and corporate Bitcoin accumulation. But the change does not increase dividend income or directly drive Bitcoin prices; fundraising will still depend on investor demand and confidence in the issuers.

A reported Binance security breach is renewing concerns about exchange security and the wider software supply chain. Binance estimates the incident’s total impact at $6.3 billion and says about $3 billion in related assets have been frozen. Initial findings suggest an attacker may have compromised a DevOps engineer’s laptop, gained access to a service container and submitted unauthorised withdrawal transactions. The article links the incident to earlier attacks involving Bybit and Bitget, arguing that attackers increasingly target trusted systems and people—such as employee devices, third-party security tools and software dependencies—rather than breaking blockchain cryptography or private keys directly. It also discusses PHP2Shell vulnerabilities, which reportedly put millions of internet-facing systems at risk and were identified with help from AI tools. Ethereum co-founder Vitalik Buterin says AI could eventually strengthen cybersecurity defenses, but the transition will be difficult. He advocates formal verification and a smaller trusted computing base to reduce the software components that must be trusted. For crypto traders, the reported breach could increase short-term concern about exchange custody, withdrawals and counterparty risk. The article’s central message is that stronger security across exchanges and the software supply chain is increasingly important.

Binance co-founder Yi He said on 30 October that $60 million in USDT deposited by the suspected hacker as collateral on Aave was not fully frozen. She said the attacker had taken about $46 million worth of ETH and that up to $14 million more could be recovered if the assets are released through law-enforcement channels. On-chain records show the address deposited about 60 million USDT into Aave and borrowed 19,762 ETH. Aave contract data later put the collateral at roughly $59.94 million and the loan at about $44.28 million, leaving a health factor of around 1.056. If ETH rises to approximately $2,366, the position’s health factor could fall below 1, triggering liquidation. Aave had paused new deposits and borrowing on its V3 and V4 markets. The figures cited by Yi He differ from the contract values, and she did not explain how the assets might be unfrozen. Binance separately said it had reserved more than $6.34 billion to cover losses and was working with partners and law enforcement to recover about $3 billion in frozen assets.

First Digital CEO Vincent Chok confirmed that the stablecoin issuer froze about 3.4 million FDUSD held at an address linked by blockchain analyst Specter to the Binance attacker. First Digital said it is coordinating with Binance to prevent the tokens from moving and protect holders. The FDUSD freeze demonstrates how an issuer’s blacklist can halt transfers, while also highlighting the centralized controls built into fiat-backed stablecoins. Binance said its early investigation points to a compromised DevOps engineer’s laptop and unauthorized withdrawals, with no evidence so far of a wallet private-key leak. The exchange estimated the incident’s impact at about $6.3 billion and said roughly $3 billion in affected assets had been frozen on-chain. Binance also said it would cover losses using its SAFU fund and company funds, and that user funds are safe. Details on the frozen FDUSD and how those tokens may be recovered remain unclear.

CertiK has joined the Arbitrum Mentorship Program alongside Arbitrum and Robinhood Crypto to support early-stage Web3 startups. The programme offers security tools, discounted assessments and mentorship on technology, business development and market entry. Teams can use CertiK’s AI Auditor and Skynet services to identify smart-contract and infrastructure vulnerabilities before launch. Winning teams may also receive priority pre-launch audits, regulatory guidance and promotional support. The partnership adds security resources to the Arbitrum mentorship programme, but announces no token launch or direct change to the Arbitrum protocol.

Bitcoin linked to the attackers behind the $6.3 billion Binance hack has exceeded Coinbase’s reported corporate holdings. Blockchain analytics firm Bitquery traced 18,270 BTC, worth about $1.4 billion, to 19 attacker-linked addresses—199 BTC more than Coinbase’s 18,071 BTC held for investment and operations at the end of September. Coinbase’s figure excludes customer assets. Bitquery also traced 508,621 ETH to the attackers, more than the 495,362 ETH attributed to corporate holder The Ether Machine. The group initially stole 200,630 ETH and reportedly built its balance by swapping stolen stablecoins and other tokens. Binance said about $3 billion in stolen assets had been frozen and pledged to cover all losses. The breach affected nine blockchains in under four hours. TRM Labs attributed the attack to North Korea’s TraderTraitor group, while Binance said investigators had found additional breach points after first suspecting an engineer’s compromised laptop. The large attacker-held balances may keep attention on asset movements and recovery efforts, although Binance’s loss-coverage pledge could help limit concern about customer losses.

Blockaid says Ethereum’s EIP-7702 did not cause the reported $6.3 billion Binance hack, but may have helped attackers move funds in a single sweep or bypass withdrawal safeguards. Without the upgrade, attackers could still have stolen funds, though they might have needed multiple transactions. Blockaid CEO Ido Ben-Natan suspects compromised developer equipment gave attackers access to Binance’s wallet-signing infrastructure. Binance CEO Richard Teng said investigators had found no evidence that private keys were leaked. Ambire CEO Ivo Georgiev said EIP-7702 likely made little difference if attackers could already authorize transactions, but warned that a malicious delegation could remain active if not revoked. Introduced in Ethereum’s 2025 Pectra upgrade, EIP-7702 lets standard wallets use smart-contract features, including bundled transactions. Security experts have previously warned that malicious delegations can drain wallets. Binance says it will cover the reported losses. The incident highlights risks to exchange signing systems and the need for transaction simulation and careful delegation management.

BNB fell 8.7% in an hour after a reported $6.36 billion hack targeting Binance, its closely associated exchange. The token later traded around $702, down 6.2% over 24 hours, while its 200-day EMA sat near $692. The reported breach did not affect BNB Chain, but traders are pricing in risk to Binance itself. BNB futures funding turned negative and open interest rose 20%, suggesting increased bearish positioning alongside dip buying by smaller accounts. Binance said it would cover the losses, and other crypto firms reportedly froze about $2.7 billion of stolen funds. Withdrawals remained suspended pending a reopening expected within 48 hours of a Friday update. In previous Binance-related security incidents, BNB initially fell but recovered within a month; the article notes those past rebounds do not rule out further losses this time. Key levels are $674.60 as support, the 200-day EMA near $692, and the 50-day EMA around $733 as resistance. A smooth reopening could prompt a short squeeze, while delays or concerns about how Binance funds reimbursements could put $674.60 and then $600 in focus. BNB’s near-term direction is likely to depend heavily on Binance’s response and withdrawal status.

Chevron says its Project Kilby data center project near Pecos, West Texas, remains on schedule despite a temporary freeze on permits by Texas authorities. The site is intended to supply Microsoft under a 20-year power agreement, using a co-located natural-gas facility. Chevron’s continued commitment suggests it expects the permitting issue to be resolved, but the project’s final investment decision has not been confirmed. The status of the Texas permit freeze and any formal state action remain key factors to watch. The Chevron-Microsoft data center project reflects growing demand for power to support AI and cloud computing, while highlighting regulatory and grid-related risks for large infrastructure developments.

MediaTek said it has begun co-design work with a second customer for its AI ASIC chips, with mass production expected in 2028. The company confirmed the buyer is not Chinese, countering speculation that ByteDance was behind the deal. MediaTek began small-volume shipments of its first AI accelerator ASIC in September 2026. It raised its 2027 ASIC revenue target to about $16 billion, which it estimates could represent roughly 20% of the AI accelerator market. The company also forecast $2.5 billion in data-centre revenue for the fourth quarter of 2026. The second-generation AI ASIC uses advanced multi-die packaging, with some designs already finalized for manufacturing. MediaTek expects improved performance per watt and lower ownership costs. The customer addition may reduce reliance on a single buyer, but the 2027 revenue figure remains a target, and the second customer’s chips are not expected to enter mass production until 2028.

Binance founder Changpeng Zhao, known as CZ, says Thai partner Gulf Binance offered liquidity support to Binance during two crises: after the exchange’s $4 billion fine in 2023 and again during a cybersecurity incident reported on October 29–30, 2026. Estimated losses are about $6 billion to $6.3 billion, though the figure is not final. Binance says it plans to cover losses with its Secure Asset Fund for Users (SAFU) and other resources. Tether and Circle have reportedly frozen stablecoins linked to the incident. In Thailand, Binance TH has paused crypto deposits and withdrawals while conducting security checks, but trading and fiat services continue. The local venture says customer assets are held in segregated cold wallets. The incident puts Binance’s recovery capacity, transparency and user confidence in focus.

Bitcoin fell sharply after breaking below a five-week descending channel, dropping about $5,500 in several hours to $76,350 before rebounding above $78,000. It later settled near $77,800, leaving traders watching whether support can hold or whether the decline will extend. The article identifies $77,850 as an important daily support level. A break below it could expose Bitcoin to support near $75,600. The 100-day simple moving average offered support during the sell-off, while the 50-day moving average near $82,000 was identified as resistance. On the weekly chart, $77,000 and the 50-week moving average are potential support areas. Broader market conditions may determine Bitcoin’s next move. S&P 500 E-mini futures also sold off but reached trendline support; a rebound in equities could ease pressure on Bitcoin. Nervousness around earnings and capital spending at Microsoft, Google and Amazon added to market uncertainty. The analysis presents two scenarios: Bitcoin could recover into its former channel if support holds, or fall towards $75,600 and potentially lower if equities weaken and key levels fail.

Binance founder Changpeng Zhao (CZ) says users affected by the reported $6.3 billion Binance hack will be fully reimbursed. He said he was speaking as a shareholder, not as an exchange manager. Binance estimates about $3 billion in assets have been frozen on-chain; the remaining losses are expected to be covered by its SAFU fund and company resources. The final bill will depend on how much stolen cryptocurrency can be recovered. Binance previously said withdrawals were expected to resume within 48 hours, while deposits remained available. Investigators are examining a potentially compromised computer as a possible entry point. A later report said Binance’s $500 million investment in Elon Musk’s acquisition of Twitter, now X, may be worth more than $1 billion. Binance has not said it will sell the stake or use it to reimburse users; the investment is in X, not confirmed SpaceX equity, and its estimated value may not be readily accessible as cash. The incident has shaken confidence in exchange security. The report put Bitcoin below $77,000 and noted additional pressure on BNB, leaving traders focused on recovery progress and the scale of any unrecovered losses.

Michael Saylor says Bitcoin treasury companies are buying BTC at 1.6 times the amount produced by miners, potentially creating a supply shock. As demand from Bitcoin treasury firms grows, rising prices could improve these companies’ access to credit and equity funding, allowing further BTC purchases. Saylor described the firms as participants in a mutually reinforcing cycle rather than competitors.

A crypto trader reportedly closed 660.40951 BTC of a Bitcoin short at an average price of about $77,663.88 between 16:56 and 18:22 on 30 October, cutting the position by roughly $51.3 million. The address still holds a short of 1,818.0894 BTC, worth about $141 million, and its derivatives account has reportedly accumulated around $149 million in profit. An earlier report cited a smaller reduction of 180.8 BTC, a remaining short of 3.15 BTC and cumulative profits of about $31.86 million, so the figures appear to reflect different snapshots or reporting details. Closing part of the Bitcoin short could add near-term buying pressure, but the reported remaining position is substantial and may continue to weigh on sentiment.

Crypto trader Machi reopened $5.88 million in leveraged long positions in ETH, HYPE and BTC after an earlier ETH position was liquidated during a market drop linked to the Binance hack incident. He deposited another 250,000 USDC to resume trading. The ETH position has a liquidation price of $2,161, about $86 below the current price. On Hyperliquid, Machi has traded for nearly 18 months, recording $15.86 billion in volume and cumulative losses of $37.05 million. The renewed crypto long positions put particular attention on ETH’s narrow liquidation buffer and the risks of high-leverage trading.

Arkham Intelligence estimates that wallets linked to Justin Sun held about 2.82% of PEPE’s supply, worth approximately $51.25 million on October 27, 2026. The estimate includes addresses Arkham attributes to Sun and others it predicts may be linked to him, so ownership is not confirmed for every wallet. Sun had not publicly acknowledged the reported holdings as of that date. Two withdrawals from Poloniex—7.2 trillion PEPE on October 17 and 4.65 trillion on October 26—totaled 11.85 trillion tokens, valued at about $48.76 million at the time. Arkham also traced $77 million in stablecoin transfers from Sun-linked wallets to Poloniex, but did not confirm that the funds were used to buy PEPE. Exchange withdrawals show tokens moving off-platform; they do not establish when or at what price tokens were bought, or prove an intention to sell. The reported PEPE whale holding could attract trader attention, but its concentration also presents potential selling-pressure risk. For a fixed 11.85 trillion PEPE position, a $0.000001 price move changes its quoted value by $11.85 million—an estimate, not guaranteed sale proceeds, since liquidity and market impact affect execution. Traders may monitor attributed wallet balances and exchange deposits, while remembering that transfers alone do not confirm a sale. PEPE remains a speculative memecoin whose price can react sharply to sentiment, liquidity and whale activity.