Crypto News

Jupiter Lend has restored USDC withdrawals after a period of liquidity tightness ended, according to Odaily. The update indicates that users can once again withdraw USDC from the lending platform. The report did not provide further details on the cause of the liquidity pressure or its duration.

An on-chain analyst reported that a leveraged-loop whale, wallet 0xc79b...12be, sold 200 cbBTC for $15.49 million in USDC, at about $77,458 per token. The wallet had bought the cbBTC between February and July at an average price of $68,750, realizing an estimated profit of $1.74 million. The cbBTC sale is a notable move by one large holder, but the report does not indicate broader market selling.

The Binance hacker group has transferred 120 million TRX, worth about $38.78 million, according to blockchain monitoring service Onchain Lens. The group reportedly uses automated transfers to split funds across multiple wallets, route them back through previously used addresses and then distribute them to new wallets, making the funds harder to trace. The latest TRX movement was followed by further distribution. The transfers could attract attention to potential selling pressure, but the report does not confirm that the tokens have been sold.

A Bitcoin Magazine report says a record crypto hack involving Binance saw $6.3 billion in assets move on-chain. Stablecoin operators froze about $3 billion, while $3.3 billion remains unrecovered, according to the report. It cites blockchain analytics firm TRM Labs, which linked the attack to North Korea’s TraderTraitor group, and discusses how funds moved through stablecoins and Aave. The report also mentions a separate Polymarket incident in which user wallets lost $2.7 million. The Binance hack raises questions about exchange custody, the ability to cover losses and the role of stablecoin freezes in containing stolen funds. It also highlights security risks across crypto markets, while noting Bitcoin’s resilience through hacks and bear markets.

Log Scale Investments CEO Mike Flaum said Strategy (MSTR) could deliver performance “massively” to the upside during Bitcoin’s next bull run. In an interview with Bitcoin Magazine TV, he discussed Strategy’s preferred shares, including Stretch, daily dividends and how issuing Stretch at par could support further Bitcoin purchases. Flaum also addressed Strive’s SATS offering, the appeal of Bitcoin-backed preferred securities compared with Treasury bonds for retirees, and why Strategy’s stock has lagged the value of its Bitcoin holdings. He explained gross, enterprise-value and net mNAV, and discussed capital structures, share buybacks and the four-year cycle. The interview presents Flaum’s outlook, not a company forecast or a new market announcement. His comments are relevant to traders tracking MSTR, Bitcoin treasury companies and the relationship between Bitcoin prices and corporate share performance. The potential for MSTR to outperform Bitcoin depends on future market conditions and the company’s financing and capital structure.

Strategy executives Phong Le and Michael Saylor answered analyst questions on the MSTR Q3 2026 earnings call. Topics included the company’s balance sheet, capital needs for digital credit, when it might resume equity ATM sales, and why its preferred security Stretch (STRC) took four months to return to par. They also discussed the outlook for other preferred securities, Bitcoin’s financialization and volatility, and the potential for tokenized MSTR shares. The conversation highlighted the opportunities and regulatory challenges facing tokenization, including the absence of a US token standard. The article provides a list of discussion topics but does not report specific financial results or detailed answers, so it offers limited new information for traders assessing Strategy or Bitcoin.

The $6.3 billion Binance hack, reported as the largest crypto theft to date, has prompted rival exchanges to review their defenses and call for faster threat-intelligence sharing. Investigators have linked the attack to TraderTraitor, a North Korean hacking group associated with Lazarus Group. Binance said investigators found multiple breach points, while security experts noted that an Ethereum EIP-7702 delegation may have helped attackers gain authority over a hot wallet; the feature itself was not identified as the cause. Tether and Circle froze about $3 billion in stolen USDT and USDC. Binance said it would cover losses with its SAFU fund and corporate reserves, committing more than $6.34 billion, including $5 billion in the same tokens that were stolen. The exchange temporarily paused withdrawals for security reviews and said user balances would not be directly affected. It also plans to restore withdrawals and publish a proof-of-reserves report. The Binance hack has renewed concerns about centralized exchange custody and the role of issuer-frozen stablecoins in asset recovery. Major digital assets fell after the news, although Binance’s reimbursement pledge may ease immediate withdrawal pressure. Traders are likely to watch exchange flows, security updates and market volatility as the investigation continues.

The Nasdaq Composite fell 2.86% on October 30 to 25,437, its biggest one-day decline since June 5, as investors questioned whether heavy artificial intelligence spending will generate returns. The Nasdaq is down 7.8% from its October 6 record high and is on track for its worst monthly performance since March 2025. Intel shares plunged nearly 29% after its fourth-quarter outlook disappointed, marking the chipmaker’s worst daily drop since 1974. Amazon disclosed $94.8 billion in capital expenditure, mainly for AI infrastructure, alongside $42.4 billion in free cash flow outflows over the past year. The selloff spread across chip stocks: AMD fell 10.9%, Nvidia lost 4.2%, and the semiconductor index dropped 7.2%. The S&P 500 declined 1.82% and the Dow fell 1.09%. The Nasdaq’s decline underscores growing investor scrutiny of AI investment costs and demand for clearer evidence of profitability.

A wallet linked to the October 29 Binance hack moved 120 million TRX to an unknown address, according to Whale Alert. Investigators have also tracked other large TRX holdings and smaller transfers consistent with a peel-chain laundering strategy. The breach drained about $6.3 billion in assets from Binance hot wallets across roughly 10 blockchains. On Tron, attackers reportedly stole 612.7 million USDT and 46.4 million TRX, then used SunSwap to exchange about 234 million USDT for an estimated 638 million TRX. Unlike USDT and other stablecoins, which issuers can freeze, TRX cannot be frozen by a central issuer, complicating recovery and leaving the stolen TRX harder to seize. The attack has been attributed with high confidence to North Korean group TraderTraitor. Binance is investigating a potentially compromised DevOps laptop and says it will cover customer losses. The movement of 120 million TRX highlights continued laundering concerns and could keep attention on exchange security and potential selling pressure from stolen assets.

India’s crypto probe is examining more than ₹5,000 crore (about $527 million) in alleged unauthorized cross-border transfers. On October 27, the Enforcement Directorate (ED) searched four premises in Bengaluru and Madhya Pradesh under the Foreign Exchange Management Act (FEMA). Its preliminary findings cite more than ₹4,600 crore in alleged violations linked to RPFAS Technologies, operator of Mudrex and Saber.money, and about $40 million linked to Instadapp, which largely operates as Fluid. The ED says overseas payouts involved platforms including Binance and Bybit, but has not accused either exchange of wrongdoing. The earlier findings also referred to USDT and USDC and alleged that stablecoin funds were routed through overseas entities. No arrests, charges or seizures have been announced. Mudrex says it complies with applicable laws and that user funds are secure; Binance, Bybit, Instadapp and Fluid had not publicly commented at the time of reporting. The India crypto probe remains ongoing, with no transaction-level evidence disclosed, adding to scrutiny of crypto remittances and FEMA compliance without establishing wrongdoing by the named exchanges.

Chainalysis says an external actor used “offensive agent techniques” this month to gain unauthorised access to its systems and internal tools. The Chainalysis breach exposed some non-sensitive customer data, including names, email addresses, user IDs and organisational role labels. The company found no evidence that passwords, multi-factor authentication keys, session tokens, investigation materials, or transaction and query results were accessed. It said the incident was unrelated to a recently reported Binance theft. No direct impact on customer funds or trading activity has been reported, though the breach highlights cybersecurity and data-privacy risks for crypto analytics firms.

a16z growth partners say the AI infrastructure boom is accelerating, while adoption of AI tools remains at an early stage. In their September 2026 State of Markets discussion, they estimate that five major cloud providers—Alphabet, Amazon, Meta, Microsoft and Oracle—will spend about $780 billion on capital expenditure in 2026, up from $416 billion in 2025. Forecasts point to annual spending above $1 trillion from 2027. Demand for computing capacity reportedly continues to exceed supply, with cloud backlogs at Microsoft, Google and Amazon totaling about $1.7 trillion. The investors argue that AI infrastructure spending is supported by strong earnings and usage demand, rather than solely by rising share valuations. They also highlight the scale of the opportunity beyond data centres, including power, construction and other physical infrastructure. One estimate cited puts global infrastructure investment needs at $90 trillion by 2040. Despite rapid revenue growth at leading AI labs, enterprise adoption remains shallow: the discussion cites AI deployment at 69% of S&P 500 companies, but measurable impact at 30% and a longer-term tracked outcome at just 2%. Spending is also concentrated among heavy users; the median AI-tool spend of the top 1% of companies is about eight times that of the top 10% group. The partners see room for AI applications to connect general-purpose models with companies’ data and workflows, while lower model costs could enable more use cases. For traders, the discussion points to continued investment in AI infrastructure and related technology sectors, but does not directly address cryptocurrency markets.

Ethena transferred 128.6 million ENA, worth about $24.33 million, to Binance over a two-hour period, according to on-chain analyst Ember. Binance is buying back stolen assets through on- and off-exchange transactions to restore a gap in its proof of reserves. Ember speculated that the transfer may be linked to an over-the-counter ENA purchase by Binance. The exchange had 217.5 million ENA stolen the previous day. The purpose of this transfer has not been confirmed.

An Ethereum core proposal could let externally owned accounts (EOAs) permanently disable EIP-7702 delegation while keeping their existing addresses and ability to make ordinary transfers and contract calls. Developer nicolashw submitted the draft on 30 October. Unlike clearing a current delegation, the proposed irreversible action would prevent an account from authorising smart-contract code to act on its behalf in the future. It would not protect funds if a private key is compromised or revoke existing token approvals, and could affect account recovery or access to assets that depend on delegation. The draft has not been merged or assigned an official EIP number. If adopted, it would still require activation through an Ethereum network upgrade. The proposal has no immediate protocol effect, but it raises security and account-management considerations for users and developers evaluating EIP-7702.

US stocks closed lower as the sell-off in AI stocks and technology shares deepened. An earlier snapshot highlighted CoreWeave, down 11.91%, and Twilio, down 10.62%; the later report showed Twilio’s loss widening to 15.24%, alongside declines of 10.93% for Astera Labs and 10.88% for AMD. Dell and Marvell also fell more than 10%. The updated figures put the Dow down 1.09%, the S&P 500 down 1.82% and the Nasdaq down 2.86%, while the VIX rose 12.91%. The broad weakness in AI stocks may point to softer risk appetite, a sentiment signal crypto traders often monitor, although the reports provide no direct cryptocurrency price data.

Titan Builder recorded $22.83 million in protocol revenue over the past 24 hours, ranking first in data from DeFiLlama. Tether followed with $16.99 million, while Circle ranked third with $6.76 million. The figures put Titan Builder ahead of two major stablecoin issuers in this short-term revenue comparison. The ranking is a snapshot of reported protocol revenue and does not, by itself, indicate a change in token prices or broader market conditions.

A crypto whale known as “Set Ten Big Goals First” says they rebuilt a full BTC long position between $76,000 and $78,000 after observing signs of market stabilisation over the past two days. The trader had previously closed about two-thirds of their long position near $76,000 to limit risk after a sharp market shock. Their view is that $58,000 remains the bottom of the current BTC cycle. They expect BTC could reach $120,000 by year-end, with later bull-market targets near $118,000 and $150,000. These are the trader’s personal forecasts and positioning, not confirmed market-wide signals.

North Korean crypto hacks accounted for nearly 89% of reported cryptocurrency hacking losses in 2026 through 29 October, up from 15% in 2021, according to Chainalysis. The firm says average losses per suspected North Korean attack rose from $50.65 million in 2021 to about $186 million in 2026. Across 2021 to 29 October 2026, reported crypto hack losses reached $22.34 billion, with $13.24 billion attributed to suspected North Korean attacks—about 59% of the total. A small number of major incidents drove the 2026 figures. The article cites an estimated $6.3 billion–$6.4 billion loss in an October 29 Binance hack and a reported $387 million loss from a September Bitget exploit, both linked to the TraderTraitor group. Reported methods include social engineering and laundering funds across blockchains. TRM Labs separately estimates North Korea-linked activity made up about 85% of 2026 hack losses and puts cumulative theft since 2017 at $12.8 billion–$13.5 billion. Although estimates differ by methodology and period, both firms identify North Korean crypto hacks as a leading security threat.

Iron Fish will end all remaining support for its network after confirming a protocol-level inflation vulnerability, rather than a flaw in the ChainPort bridge, caused the recent abnormal activity involving wIRON. The Iron Fish bug traces back to a Merkle tree implementation change from early 2019. A flaw in how nullifiers—identifiers used to prevent duplicate spending of privacy notes—were calculated could let an attacker spend the same note repeatedly and move assets out through ChainPort. The team said the code had been included in internal and external audits, but the vulnerability went undetected. Iron Fish has submitted a fix and published a detailed post-mortem with the related pull request. It plans to close and archive its code repositories, marking the end of network support.

Franklin Templeton’s bitcoin dividend ETFs, FBEQ and FIBT, began trading on Nasdaq on October 29, recording about $72,000 in combined first-day trading. FBEQ traded 2,461 shares, worth about $62,000 at its $25.28 close; FIBT traded 399 shares, worth about $9,800 at its $24.52 close. The bitcoin dividend ETFs start with 95% of their index in stocks and 5% in bitcoin exposure. Company dividends are used to add bitcoin exposure, which is generally reviewed quarterly. The funds do not hold bitcoin directly: they use bitcoin exchange-traded products, futures and options, and depositary receipts. FBEQ charges a 0.09% annual fee, while FIBT charges 0.19%. The modest first-day volume suggests limited immediate investor demand. The ETFs offer a new route to bitcoin exposure, but their trading activity and effect on the wider market remain to be seen.

Three senior Gulf officials say the Trump administration has told regional allies to prepare for possible Iran strikes on November 4, the day after the US midterm elections. The reported plan could involve a brief but intense attack aimed at further damaging Iran’s nuclear programme or pressuring Tehran into a deal. The US has not struck Iran since September 1 and is currently applying pressure through a naval blockade of Iranian ports. Some Gulf states may oppose US forces using bases on their territory. The report is unconfirmed by the officials’ governments. For crypto traders, the prospect of Iran strikes is a potential source of short-term geopolitical risk and volatility; no direct impact on crypto markets is reported.

A tech selloff driven by concerns about the cost and potential returns of artificial intelligence (AI) weighed on major stock indices. Markets have spent months debating whether AI-driven productivity will justify the billions of dollars being invested in the technology. The article says Intel recorded its worst trading day since 1974 and Nvidia lost $5 trillion in market capitalisation. It also highlights the broader selloff’s reported $1 trillion loss in value. For crypto traders, the episode matters as a signal of weaker risk appetite, although the article does not report direct effects on digital assets.

The Canadian dollar climbed to a six-week high of C$1.3955 per US dollar, gaining 2% for the month as higher oil prices raised inflation concerns. The Canadian dollar’s strength has added to market expectations that the Bank of Canada could raise interest rates again in December. The central bank recently lifted its policy rate by 25 basis points to 2.5%, citing energy costs as an inflation risk. Investors will watch remarks from Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers, as well as upcoming inflation and employment data, for clues on the next rate decision.

The IRS is preparing to revise its voluntary disclosure programme, with a new plan expected by December that could reduce penalties for taxpayers who report unpaid tax. IRS criminal investigation chief Jarod Koopman said cases could be resolved within 120 days after taxpayers submit complete filings, but the agency has not announced penalty rates or eligibility rules. The news follows Roger Ver’s case. Ver admitted that he willfully failed to report Bitcoin holdings and pay tax on their deemed sale when he renounced US citizenship. He paid about $49.9 million in taxes, penalties and interest. The case illustrates that the IRS can pursue tax fraud without a time limit; ordinary assessment periods are generally three years, or six years for substantial income omissions. For US taxpayers, digital assets are generally treated as property. Sales, swaps and payments may create taxable events, while staking, mining, airdrops and DeFi income can be taxable as ordinary income. Centralised platforms are expected to report certain sales on Form 1099-DA, but taxpayers remain responsible for records and reporting transactions that do not appear on those forms. The IRS crypto tax disclosure plan may encourage voluntary compliance, but it does not change the underlying tax obligations.

Canton Strategic Holdings (Nasdaq: CNTN) plans to tokenize its common shares for trading on TSV LLC’s Canton venue, potentially as early as Nov. 2, 2026. This would bring tokenized CNTN shares onto the Canton Network, with an automated market maker offering 24/7 trading and immediate onchain settlement. Trading has not begun and depends on meeting the conditions of the SEC’s Sept. 17 Innovation Exemption for certain permissioned venues trading tokenized US stocks. SEC-registered transfer agent Fairmint is expected to issue the tokens, maintain the official ownership record and oversee transfer compliance. The shares are intended to carry the same shareholder rights as CNTN stock listed on Nasdaq. TSV says approved participants would face identity and sanctions screening, volume limits and other risk controls. Canton Strategic shifted its focus to digital assets in 2025 and holds Canton Coin while supporting projects on the network. The proposed tokenized share trading is a test of regulated onchain equity markets, not a direct cryptocurrency launch. Its implications for Canton Coin and wider market adoption remain uncertain; the announcement does not establish trading demand.

A Chinese legal commentary advises crypto holders who receive overseas-income tax reminders to respond promptly, but not to calculate tax by simply applying a rate to bank deposits. Bank receipts may reflect asset-sale proceeds, service income, transfers between a person’s own wallets, or other transactions; they are not automatically taxable income. Crypto tax assessments should establish the income type, tax year, asset cost basis, eligible expenses and any foreign tax credits. The article recommends verifying notices through official channels and documenting exchange records, wallet ownership, on-chain transfers, contracts and fiat payments. It also cautions that paying tax does not make crypto trading or payment routes compliant with financial regulations. The guidance highlights uncertainty around the tax treatment of some crypto activities and recommends professional advice for complex cases. It is a compliance-focused advisory, not a report of a new tax policy or a market-moving event.

Circle has published a developer guide explaining how issuers can use CCTP to move ERC-20 tokens other than USDC across supported EVM chains. Issuers can deploy a new native cross-chain token or configure an existing ERC-20 token as a custom CCTP connection. Both options use Circle’s messaging and attestation infrastructure and a burn-and-mint model. The guide says issuers retain control over ownership, operators, pause permissions, rate limits and per-transfer caps; Circle cannot take over those controls. CCTP for non-USDC tokens launched in September 2026 and supports Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS and Arc. It does not support non-EVM networks such as Solana. The expansion could give token issuers another way to connect liquidity across EVM networks, while its market impact will depend on adoption and transfer volumes.

Amazon’s AI infrastructure spending has pushed free cash flow sharply lower even as AWS growth accelerates. In the 12 months to September 30, 2026, free cash flow swung from a $14.8 billion inflow to a $42.4 billion outflow, a $57.2 billion reversal. Amazon’s AI spending included $77.3 billion in third-quarter property and equipment expenditure, more than twice the year-earlier level. The company maintained its 2026 capital expenditure outlook of about $220 billion and indicated spending could rise further in 2027. The investment is supporting strong results: AWS revenue grew 39.3% year over year to $46 billion, its fastest pace in nearly five years, while quarterly total revenue rose 12% to $201.9 billion. Trailing-12-month operating cash flow increased 29% to $168.3 billion, but long-term debt reached about $173 billion. Amazon also reported record consolidated operating income of $28.1 billion and net profit of $20.7 billion, with an AWS backlog of $578 billion. Its fourth-quarter sales outlook was slightly below analysts’ expectations. Amazon shares fell 4.3% on October 29 and dropped a further 7% in after-hours trading as investors weighed the cost and potential returns of the AI buildout. Traders will watch AWS growth, cash generation and capital spending for signs that the investment can deliver returns. The results add to wider tech-sector scrutiny of AI spending, though they have no direct price implication for a specific cryptocurrency.

Don Wilson has questioned Hyperliquid’s priority-fee mechanism and the transparency of positions and trades as ICE and trade[XYZ] plan to use Hyperliquid infrastructure for a US perpetual-futures market, subject to regulatory approval. ICE would operate the regulated market and clearing framework. Wilson asked whether priority fees align with core CFTC principles and whether offshore and US order-book liquidity can be combined. He also challenged the claimed benefits of on-chain trading: while atomic settlement can deliver purchased assets in real time, perpetual futures are contracts rather than assets, so that benefit does not apply. He asked whether investor Stan Druckenmiller would view real-time visibility into positions and trades as an advantage. The discussion puts Hyperliquid’s market design, transparency and regulatory fit under scrutiny as the proposed US offering takes shape.