Crypto News

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

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

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

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

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

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

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

MistTrack has launched KYA Batch Screening and Tracing Canvas to support crypto compliance and on-chain investigations. KYA Batch Screening lets teams upload wallet addresses in bulk, review risk scores and suspicious transaction reports, and export results. Addresses are grouped into Severe, High, Moderate and Low risk categories to help prioritize reviews. Tracing Canvas maps upstream and downstream fund flows in an interactive graph. Its AI Smart Tracing feature filters paths by criteria such as transaction amount, date, tracing depth and links to exchanges or entities. Path Finder searches for visible fund paths between specified addresses within selected networks, time ranges and search depths. MistTrack cautions that not finding a path does not rule out other connections. The update adds workflow tools for risk screening and blockchain forensics, but the announcement does not report adoption figures, revenue or changes to any cryptocurrency. Its direct implications for crypto prices and trading activity are therefore limited.

The PREDICT TGE and claims for the Season 1 airdrop have been postponed, according to an announcement by predict.fun on X. The delay follows the postponement of PREDICT’s Binance Alpha and spot trading launch. The project said it will announce a new claim date and time once confirmed, and apologized to users. Until then, traders and airdrop recipients have no confirmed timeline for the PREDICT token launch or claims.

Blockchain investigator ZachXBT said the attackers behind the Binance security incident may be North Korea-linked Lazarus Group. He made the comment on X in response to a question about the attackers’ identity. The attribution remains unconfirmed, and the report provides no further evidence or details about the incident. The possibility of a state-linked hacking group being involved adds to security concerns around Binance and could weigh on trader confidence until more information is available.

Bitget has listed perpetual contracts for Fortinet (FTNT), the iShares MSCI Brazil Small-Cap ETF (EWZS) and Pfizer (PFE). The USDT-settled contracts support leverage of up to 20x and trading 24 hours a day, seven days a week. Bitget now offers 392 stock contract markets. The new Bitget stock perpetual contracts expand access to leveraged trading in individual equities and an ETF, but the announcement does not specify trading volumes or user demand.

Coinbase and Deribit have completed internal security reviews and report that their assets are safe, with no related risks identified. Lin Chen, Deribit’s Asia-Pacific business lead, shared the update on X. The statement may reassure traders, but it provides no further details about the reviews or the risks assessed.

Crypto commentator Seven Research says the Binance hack could disrupt market makers and quantitative trading firms that keep much of their capital and margin on Binance. If withdrawals are suspended, firms may be unable to move funds to meet margin calls at other venues, potentially forcing them to unwind positions elsewhere. The commentator suggests this liquidity squeeze may help explain why SOL and other altcoins saw sharp moves, despite the stolen assets being Ethereum-related. The proposed link is an analyst’s view, not a confirmed cause of the price action.

Binance.US CEO Steve Gregory said customer funds are held separately and were not affected by the reported Binance hack. He said Binance.US and Binance are independent entities with no shared asset custody arrangements. The statement aims to reassure Binance.US customers, although the article provides no further details about the incident or any independent verification of the custody arrangements.

Google Cloud has previewed a multi-party computation (MPC) service for institutional digital-asset custody. The pre-general-availability service uses threshold signing to distribute signing authority, so a complete private key is not held in one operational location. It also offers transaction policy controls and enterprise governance features. The documentation lists secp256k1 signing for Bitcoin and Ethereum-style networks, while Ed25519 support for Solana is marked as coming soon. Availability and blockchain coverage remain limited. Google Cloud has also expanded Bitcoin security rules to assess transaction amounts, destination address types and change outputs. The documentation references an October 2026 API and a migration path, but Google has not confirmed a full launch timeline. The preview follows Google Cloud’s MPC Symposium in New York on Oct. 28, 2026, with expected speakers from Morgan Stanley, Citi, Wells Fargo and crypto exchange OKX. MPC custody may help institutions manage risks such as key theft, signing interruptions and key loss, but it cannot reverse completed transfers or remove risks linked to approvals, credentials, recovery processes and third-party components. Adoption will depend on wider availability, security assessments and integrations with regulated custodians. For traders, the market effect is indirect: improved custody could lower an adoption barrier, but the preview alone does not signal new demand for BTC, ETH or other tokens. Watch for a general launch, customer integrations and disclosed security evaluations.

Binance is investigating unusual fund movements after about $3 billion in crypto assets were frozen in coordination with law enforcement, stablecoin issuers and blockchain security firms. The figure was about $2.54 billion at 7:22 a.m. Taiwan time on 30 October and may rise as investigations continue. Tether froze about $1.567 billion in USDT, Circle more than $800 million in USDC, and Ripple about $200 million in related assets. The Binance security incident has not yet been confirmed as a theft of $3 billion. Estimates of up to $5.8 billion refer to suspected on-chain flows and may include transfers counted more than once. Frozen assets are not necessarily recovered, and Binance has not disclosed a final loss figure or full incident details. Co-founder Yi He said Binance would cover losses, while some withdrawals and Binance Alpha services were temporarily suspended for security checks. Bitcoin was trading near $77,839, down 4.22% over 24 hours, while ETH and BNB also fell. The incident may have added to market unease, but broader pressures—including technology-stock weakness, interest-rate expectations and leveraged-position liquidations—could also have contributed to the declines.

A reported Binance hot-wallet hack on 30 October triggered market volatility, with estimates of outflows ranging from $5.64 billion to $6.26 billion across nine blockchains. Binance paused some services and worked with security firms, stablecoin issuers and law enforcement to trace and freeze funds. The exchange said customer assets were safe and it would cover the losses. Later reports put the attacker’s remaining holdings at about $2.9 billion to $3.3 billion, though estimates differ and are not fully reconciled. Potential selling risks include 18,270 BTC, valued at around $1.44 billion, and 467,000 ETH, worth about $1.06 billion, as well as roughly $180 million in altcoins. Some USDC, USDT and WLFI were reportedly frozen; the attacker may have swapped other assets for tokens that are harder to freeze. The attack route remains under investigation, with EIP-7702 authorisation requests cited but no confirmed cause. The news coincided with sharp price declines: BTC briefly fell below $77,000, ETH to about $2,200 and BNB to around $693. CoinGlass reported more than $1.55 billion in 24-hour liquidations, mostly from long positions. The scale and timing of any BTC or ETH sales remain uncertain, but continued swaps and questions over Binance’s security response could keep volatility elevated.

The Binance hack dominated crypto markets on 30 October. Blockchain monitoring estimated that about $5.64 billion in assets linked to Binance-labelled wallets had flowed out, while Tether and Circle had frozen at least $2.316 billion in USDT and USDC. Binance later said it had confirmed freezing about $3 billion and that customer funds were safe. Co-founder Yi He said the exchange would cover all losses. Withdrawals and deposits were temporarily suspended during security checks and the investigation. The attack intensified market stress. More than $1.1 billion in crypto positions were liquidated over 24 hours, including about $930 million in longs. Bitcoin fell 4.11% and Ethereum 4.80%; most other major tokens also declined. HYPE and TRX rose, while HYPE was among the day’s strongest large-cap performers. Other developments included Google’s planned crypto custody service for financial institutions, a proposed US launch of perpetual futures by ICE and Trade.xyz, and France’s move to advance automatic tax-data sharing for crypto assets. The market backdrop was volatile, with the security incident and heavy liquidations weighing on sentiment.

Binance says it will cover all losses from the reported hack and has assured users that their funds are safe. Withdrawals and other services remain suspended while the exchange reviews security, freezes funds and assists law enforcement; it has not announced any compensation application process. Traders should treat unsolicited Binance compensation claims, forms and links as potential phishing scams and verify updates through the official app or website. Past incidents show how attackers exploit user anxiety: after Bybit’s 2025 hack, BforeAI found 596 suspicious domains within three weeks, while fake Trust Wallet compensation forms sought users’ recovery phrases. Avoid connecting wallets, sharing account details or transferring assets to purported “safe” wallets. The incident may unsettle Binance users, but the article’s central warning is to guard against follow-on fraud.

Securitize plans to integrate with Stellar, making it the fourth blockchain supported by the tokenized-asset platform alongside Ethereum, Solana and Avalanche. The move will allow institutions to issue and manage tokenized financial products on Stellar, with fast settlement and compliance tools including KYC, clawbacks and sanctions screening. No launch date or first supported assets have been announced. Securitize reported about $5 billion in tokenized securities on its platform as of 30 September and manages BlackRock’s BUIDL tokenized money-market fund. Stellar also hosts Franklin Templeton’s tokenized money-market fund and supports MoneyGram’s cross-border payments. The integration gives Securitize clients another network for tokenized assets, but its timing and initial product range remain uncertain. Data from rwa.xyz showed Stellar held $3.77 billion in tokenized real-world assets on 28 October, ranking fourth behind Ethereum, BNB Chain and Solana and about $1.1 billion below Solana. Traders will also be watching a planned Stellar connection to DTCC’s tokenization service, expected in the first half of 2027. The Stellar integration could strengthen the network’s institutional RWA profile, though no immediate market impact is guaranteed.

SlowMist CISO 23pds said investigators should focus on how the Binance theft occurred, particularly whether private keys were leaked or a signing machine was compromised. He said a private-key leak was his leading hypothesis, while stressing that the intrusion route still needs to be confirmed. He also suggested the attacker likely used a customised withdrawal tool. SlowMist recommends examining possible private-key exposure paths and identifying unusual withdrawal-tool features as part of the forensic investigation. The article provides no confirmed loss figure or final finding on the cause of the Binance theft.

Alphabet lost about $500 billion in market value after its shares fell 12–13% following underwhelming third-quarter results. The Google parent reported slower growth in search advertising revenue, while its AI Mode has yet to meet monetisation expectations. Alphabet has invested more than $50 billion in AI, contributing to negative free cash flow and raising questions about the financial cost of competing with ChatGPT and Claude. Investors will watch for changes in Google’s AI strategy, advertising performance and spending.

An ETH whale closed 36,517 ETH worth about $80.56 million to reduce liquidation risk, according to Lookonchain. The trader still holds a 56,667 ETH long position valued at roughly $125 million. The remaining position has liquidation prices of $2,122.44 and $2,129.72, while the whale’s cumulative losses have exceeded $38 million. The ETH whale’s large position reduction may add short-term pressure to derivatives sentiment, although the report does not confirm spot-market selling.

Binance says it will cover all losses linked to the incident. The crypto exchange has temporarily suspended deposits and withdrawals while it conducts security checks, freezes related funds and assists law enforcement. Binance says its team is working around the clock and will publish a full incident review after the investigation. The suspension may disrupt trading and transfers for Binance users until services resume.

After the Binance attacker reportedly sold 217.5 million ENA, worth about $33.93 million, a newly created wallet began building a long position in ENA on Hyperliquid. Lookonchain said the wallet deposited 2 million USDC and opened a 3x leveraged position of 22.78 million ENA, valued at about $4.09 million. The long position follows substantial ENA selling, but the report does not establish who controls the wallet or whether the trade is connected to the attacker.

Robinhood CEO Vlad Tenev says the SEC’s proposed five-year innovation exemption is not enough to give major issuers confidence in tokenized stocks. He supports the initiative but says lasting growth in tokenized stocks will require a durable regulatory framework or legislation. The SEC proposal would require tokenized shares to retain the rights of conventional stock, including dividends and voting—unlike Robinhood’s current European products, which provide economic exposure without shareholder status. More than 10 public companies, including AMC and GameStop, have opposed third parties issuing tokens linked to their shares. The tokenized equities market was valued at about $4.43 billion in September; Binance Research’s base-case forecast puts it at $349 billion by 2030. Robinhood also faces near-term pressure from weaker crypto trading. The later account reports third-quarter crypto revenue down 55% year over year to $268 million and notional trading volume down 38% to $42.2 billion; an earlier account gave different figures, reporting $120 million in revenue and $50 billion in volume. Tenev says Robinhood is pursuing private-company stock tokens overseas while exploring a compliant US offering. For traders, tokenized stocks remain a long-term growth prospect, but unresolved rules and soft crypto activity are near-term headwinds for Robinhood.

US Treasury Secretary Scott Bessent said at Ripple’s Swell conference that digital assets are part of the US-China technology competition, and that US influence increasingly depends on technology leadership. He argued that stablecoins could extend the dollar into markets affected by inflation or currency volatility. More than 98% of stablecoins are dollar-denominated, according to CoinGecko, and wider adoption could increase demand for US Treasury debt. Bessent previously estimated stablecoins might generate $2 trillion in demand for short-term government debt, though that would depend on market growth and reserve rules. With the CLARITY Act stalled after falling short of the 60 votes needed to advance in a September 15 Senate procedural vote, Bessent said the Treasury could work with the SEC and CFTC to address regulatory gaps. He also supported safeguards against banks cutting off services to crypto firms, but offered no formal plan or timeline. Agency-led rules could bring progress, but are less durable than legislation and may change with a new administration. For crypto traders, the comments signal policy support for stablecoins and their role in dollar-based finance, but do not resolve uncertainty over US crypto market rules. The impact on cryptocurrency prices remains unclear; Bitcoin was trading around $80,000–$81,000 ahead of the Federal Reserve decision. Whether Congress revives the CLARITY Act and how regulators act are key developments to watch.

A Binance hot wallet was reportedly drained after 50 EIP-7702 authorizations were sent to Ethereum at 04:20:59 Beijing time on 30 October 2026. The authorizations were signed by the wallet’s own private key. About three minutes and 24 seconds later, assets in the wallet were transferred in batches. The report does not specify the amount stolen or confirm the full scale of the incident. The Binance hot wallet hack could heighten concerns about exchange security and prompt traders to watch for official updates, asset freezes and short-term volatility in ETH and other crypto markets.

Anthropic is planning an IPO with four share classes that would split voting rights among its founders, a long-term benefit trust, public investors and strategic partners. The seven co-founders’ Class F shares would carry 50.1% of voting power, while Class A shares for the public, employees and other investors would be capped at 49.9%. The trust’s Class T shares would elect a majority of the board; Class N shares would have no voting rights. The article reports that prediction-market odds put the chance of an Anthropic IPO by 31 December 2026 at 94.5%. It cites a private-market valuation of $965 billion and projected IPO valuations of $1.5 trillion to $2 trillion. These are reported estimates and market expectations, not confirmed offering terms. For crypto traders, the Anthropic IPO has no direct token-market link, though the listing could influence sentiment around AI-related investments and broader risk appetite.