Crypto News

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.

ZeroDev founder and EIP-7702 contributor Derek Chiang said EIP-7702 itself has no vulnerability, but its transaction-batching feature helped attackers move assets during the Binance hack. The feature lets an externally owned account use a smart contract to combine actions, such as approvals and transfers, into one transaction. Chiang said the attacker moved ETH, USDT and 62 other tokens in a single transaction, avoiding the need to submit a separate transaction for each asset. This made the theft faster, although Binance’s legitimate withdrawals were competing for the wallet’s transaction nonce and could have caused some attacker transactions to fail. To use EIP-7702, the attacker would have needed either the wallet’s private key or a signed 7702 authorization. Chiang said the latter seemed unlikely, but could not be ruled out before Binance publishes its postmortem. He stressed that EIP-7702 is not itself defective, while acknowledging that its greater account capabilities can also benefit attackers.

A wallet linked to the UXLINK hacker holds a 30,282.4 ETH long position on Hyperliquid. According to on-chain analyst Ai Yi, the position’s unrealized profit peaked at $7.422 million early today before narrowing to $2.45 million. The report says ETH has come under pressure amid the Binance hacking incident. The large ETH long position and its shrinking profit may draw traders’ attention to price volatility and potential liquidation risk.

South Korea’s KOSPI fell more than 4% intraday on 22 October 2026, then extended its decline to 5% by 30 October, according to Gate data. Semiconductor stocks led the sell-off: SK Hynix dropped from a loss of more than 6% to nearly 9%, while Samsung Electronics fell from more than 4% to over 5%. The reports did not identify a cause. The KOSPI decline may signal weaker sentiment and greater risk aversion in Asian equities, but neither report provides evidence of a direct effect on cryptocurrency prices.

Robinhood’s third-quarter 2026 results showed weaker crypto trading but growth across its broader business. Robinhood crypto revenue fell 55% year over year to $120 million, while crypto notional trading volume across its app and Bitstamp dropped 38% to $50 billion. The decline came as total net revenue rose 12% to a record $1.42 billion and total transaction revenue increased 19% to $867 million, supported by options, equities and event contracts. Event contract revenue reached $173 million, more than six times its year-earlier level. The platform reported $396 billion in assets, up 19% year over year, $15.7 billion in quarterly net deposits and 28.7 million funded customers. Robinhood Gold subscriptions rose 34% to 5.2 million. Adjusted EBITDA increased 9% to $808 million, while diluted earnings per share fell 16% to $0.51. The results underline that Robinhood crypto revenue is sensitive to trading activity and customer preferences, rather than being a direct measure of crypto adoption or market health. Lower volume at one platform does not establish a broad downturn in crypto use. Traders can monitor future volumes, volatility and customer-asset trends for signals about retail activity, while recognizing that the company’s overall growth is increasingly supported by non-crypto products.

A wallet linked to the Binance hack used MetaMask’s Gas Station to pay transaction fees in USDT, potentially leaving off-chain records such as an IP address. Protocol engineer Justin Kalland flagged the transactions, but said the reason for using the feature is uncertain. The wallet already held 2 ETH, yet received about 0.0337 ETH through Gas Station and paid roughly 127 USDT for the service. Tether blacklisted the wallet about two minutes later, freezing around $175 million in USDT. The attacker later moved about 22 ETH out of the wallet. MetaMask’s privacy policy says it may temporarily process IP addresses for some services, but does not specify a retention period; the company had not commented at the time of publication. The possible IP trail is unconfirmed, and the article notes that blockchain data alone cannot establish whether the attacker made a mistake or intentionally used Gas Station.

Binance has temporarily suspended all deposits and withdrawals after a suspected security incident, and says it will cover all losses. The exchange said it was conducting security checks, freezing funds and working with law enforcement. As of 07:22 on 30 October, Binance reported that it had verified freezes totalling $2.54 billion, with the amount potentially rising. Binance has not announced when deposits and withdrawals will resume. A loss estimate of about $1 billion was cited by DefiLlama founder 0xngmi; Binance co-founder Changpeng Zhao said the loss could be higher but would be covered. Binance’s publicly reported wallet assets were estimated at about $144 billion, while its SAFU fund held 15,000 BTC. Traders will be watching for an incident report, the restoration of transfers and any further movement of the affected ETH.

Aave temporarily froze all DAO-operated markets on Aave V3 and V4 after a wallet linked to a Binance hot-wallet attack deposited about 60 million USDT and borrowed 19,762 ETH, then worth roughly $44.7 million. The freeze pauses new deposits and borrowing, while withdrawals and loan repayments remain available. Aave said its contracts were not compromised and the positions remained overcollateralised, so the incident had not created the same potential bad-debt risk as the Kelp DAO exploit. The wallet reportedly used Aave and Uniswap to convert stablecoins into ETH, which an issuer cannot freeze. Binance said it would cover losses and temporarily halted deposits and withdrawals during its investigation. Aave said it would reopen the markets when possible. AAVE was reported at about $118.16, down 11.9% in 24 hours, as traders reacted to the security concerns and market disruption.

Binance says the verified total of assets frozen in connection with the ongoing incident is about $3 billion. The exchange is working with law enforcement, issuers, blockchain intelligence firms and industry partners to trace and freeze additional funds. Binance said it will report only confirmed figures and provide further updates as more information is verified. It also said user funds are safe. The confirmed Binance freeze figure may reassure traders, although the incident and recovery efforts remain ongoing.

SK Hynix broke ground on a $4 billion advanced memory packaging facility in West Lafayette, Indiana, on 27 August 2026. The SK Hynix HBM facility will package high-bandwidth memory for AI applications, with a cleanroom expected by October 2028 and volume production of next-generation HBM4E chips forecast for the second half of 2029. The project could create about 1,000 jobs and receive up to $458 million in US CHIPS Act support. Separately, Solidigm, SK Hynix’s US subsidiary, is considering a US NAND flash plant, with upstate New York among the potential locations. No final investment decision, site, cost or timeline has been confirmed. SK Hynix CEO Kwak Noh-Jung has warned that the global memory shortage could last until the end of 2030. With production years away, the HBM facility and proposed NAND project are unlikely to ease supply constraints in the near term.

KuCoin said it was unaffected by a security incident reportedly involving multiple platforms. The exchange stated that user assets remain safe and its systems are operating normally. Trading and withdrawals are available, according to KuCoin. The announcement may reassure KuCoin users, but it does not provide further details about the incident affecting other platforms.

Trader Killa says he is maintaining several Bitcoin (BTC) long positions, including a position opened at $76,400 that has given back most of an earlier 15% unrealised gain. His target for that trade remains a 75% to 100% return. He also holds a more aggressive 10x leveraged BTC long opened at $82,800, with a stop-loss at $74,000. If BTC reaches that level, he plans to reassess conditions and may open another 10x long at a previously identified invalidation level, but with a smaller position because of his existing exposure. Killa believes BTC’s roughly 13% pullback from its all-time high may be close to the cycle’s last major low, and expects the decline to remain below 20%. He attributes current market fear partly to Binance FUD and the US midterm election period. He said he would buy more BTC at current prices if he had less exposure, and suggested investors with limited positions consider gradual buying over the coming weeks. These are Killa’s personal views and plans, not confirmed market signals.

On-chain data shows that Binance hot wallet Binance 14 revoked its EIP-7702 authorization at 08:10 Beijing time on October 30, 2026. The move follows the wallet’s reported involvement in a theft. Revoking the EIP-7702 authorization is a security step, but the report does not specify whether any assets were recovered or whether other wallets were affected. The Binance wallet incident may keep traders focused on exchange security and on-chain fund movements.

Cycle 408 is the final cycle for ALEX staking and farming rewards. Under the approved End of Emissions proposal, rewards fall to zero from cycle 409, and the ALEX app has stopped accepting new staking and farming positions. New positions would otherwise remain locked while earning no rewards. Existing rewards through cycle 408 remain claimable, with cycle 408 rewards available once cycle 409 begins. Staked ALEX and farmed LP tokens can be claimed when their lock periods end; the longest locks are expected to return principal around cycle 441. Harvest now claims rewards only, while the auto-stake option and Surge have been removed. atALEX V2 holders can withdraw to legacy ALEX and then request migration to ALEX, which is processed by the ALEX DAO. ALEX says users do not need to take immediate action, and no claim deadline has been set. The ALEX buyback and burn will continue. The end of ALEX staking rewards removes a source of token incentives, while the ongoing buyback and burn remains a potential supply-supporting factor.

An Odaily report alleges that Binance hot wallets across several blockchains were compromised, with estimated outflows of about $5.8 billion, a figure it describes as unofficial. The reported activity involved Bitcoin, Ethereum, Tron, Arbitrum, Avalanche, Optimism and Base. The report says the incident may have stemmed from a compromise of Binance’s signing infrastructure, rather than a flaw in Ethereum’s EIP-7702 feature. It alleges that an attacker obtained the ability to request valid signatures from the system, then used EIP-7702 to drain Binance 14’s ETH, USDT and other tokens in a single transaction. Other wallets and assets, including BTC, AVAX and USDC, were also reportedly affected. The account cites Blockaid and blockchain researchers, but says the intrusion route and fund recovery efforts remain under investigation. The alleged Binance hot-wallet breach could raise concerns about exchange custody, operational security and cross-chain contagion. Traders should treat the loss estimate and technical explanation as unconfirmed pending independent verification.

Binance co-founder He Yi said the exchange will cover all losses resulting from the hack, assuring users that their funds are safe. Binance has temporarily suspended deposits and withdrawals while its team reviews security, freezes funds and works with law enforcement. The exchange said it will publish a full post-incident analysis after the investigation and urged users to rely only on official channels for updates. The Binance hack response may reassure customers, but the temporary suspension and ongoing investigation could keep traders alert to security and liquidity risks.

A suspected Binance attacker may have left a trace by using MetaMask’s Gas Station, protocol engineer Justin Kalland says. A newly funded wallet received 175 million USDT, then 2 ETH for transaction fees. Two minutes later, it used MetaMask’s Gas Station despite already having enough ETH for gas. Three transactions were included in the same block: an ETH top-up, an unlimited USDT approval for the Kyber Network router, and a 127.67 USDT payment to the Gas Station. The ETH amount exactly matched the maximum gas budgets for the other two transactions, down to the wei. Kalland suspects the attacker was using MetaMask and may have selected USDT for gas by mistake. Using the service requires MetaMask Sentinel, which could leave off-chain records, potentially including IP metadata. Among the attacker wallets he examined, this was the only one that appeared to use the Gas Station. The finding may provide investigators with a lead, but it does not establish the attacker’s identity.

The Binance hack may have involved attackers manipulating the exchange’s transaction-signing infrastructure, rather than stealing private keys, Blockaid CEO Ido Ben-Natan told Cointelegraph. He described the finding as preliminary and said the suspected method resembled “key misuse”: tricking or compromising a signing system so it authorizes malicious transactions without exposing the underlying keys. Blockaid’s on-chain analysis said attackers bundled 50 EIP-7702 authorizations into one transaction targeting Binance 14. An authorization reportedly matched the account’s required nonce, enabling execution and delegation to an unverified contract that could drain tokens and Ether. Binance has not confirmed how the incident occurred. Arkham CEO Miguel Morel said there was not enough information to determine whether keys were stolen or infrastructure was compromised, and suggested the attack might still be ongoing. The article reports losses of more than $2.5 billion. Ben-Natan compared the suspected Binance hack to the February 2025 Bybit attack, in which attackers compromised a developer’s credentials and deceived wallet signers into approving a malicious transaction. He also said the activity showed similarities to operations attributed to North Korean hackers, though this was not confirmed.

Galaxy Digital research chief Alex Thorn said Bitcoin stayed near $80,000 during recent AI-market concerns partly because trading-focused hedge funds had already reduced their spot Bitcoin ETF positions. Galaxy’s review of 13F filings found that nine major filers cut holdings by 29% to 100% and sold a combined 68,000 BTC by June 2026. Across all 2,200 filers, holdings fell 14%, from 355,000 BTC in September 2025 to 307,000 BTC in June 2026. Thorn said longer-term buyers, including wealth managers, may be less likely to sell in response to short-term macro worries. The next batch of 13F filings, due November 16, will show institutional ETF positions as of September 30.

Intercontinental Exchange (ICE), owner of the New York Stock Exchange, plans to develop a US-regulated perpetual futures market with Trade[XYZ] using Hyperliquid infrastructure. ICE will make a strategic minority investment in Trade[XYZ], although the amount was not disclosed. The proposed 24/7 contracts could track cryptocurrencies, equities, indexes, commodities and foreign exchange, with US access subject to regulatory approval and KYC/AML checks. An ICE-OKX joint venture is among the potential distribution channels, but its regulatory status is also pending. Trade[XYZ] says its Hyperliquid markets have processed more than $650 billion in cumulative volume over the past year. Investor Stanley Druckenmiller also disclosed an investment in Trade[XYZ], while Elon Musk amplified his post. HYPE rose by double digits around the announcement, and prediction-market odds of HYPE reaching $100 by the end of 2026 increased to 66% from 24% a day earlier. The proposal does not confirm whether HYPE will be used as collateral or for payments. For HYPE traders, the partnership signals a potential institutional route into the US market, but approvals, launch timing and token utility remain uncertain.

OpenAI chief executive Sam Altman says the five-year cost of building and operating one gigawatt of AI infrastructure should fall from about $70 billion to roughly $20 billion. The target covers chips, data centres, power systems and electricity; it is not a confirmed cost reduction. Altman says cheaper energy and lower supply-chain margins are needed, while warning that power availability remains a constraint. Semiconductor analyst Dylan Patel estimates current construction costs exceed $60 billion per gigawatt, up from about $40 billion in 2024, and says removing supplier margins could bring costs closer to $20 billion. The issue matters to OpenAI, whose infrastructure commitments exceed $1.4 trillion. Its planned Project Camellia campus in Georgia is valued at $20 billion and has contracted capacity of 3.2 gigawatts, with a phased rollout planned for 2028–2032. Lower AI infrastructure costs could support expansion, but persistent energy and capital costs would put pressure on the industry’s growth plans.