Crypto News

Coinbase premium has fallen to its lowest level in four years, according to CryptoQuant founder Ki Young Ju. The last time the indicator reached a similar level was after the FTX collapse in November 2022, when Bitcoin was near its market bottom. Young Ju said sentiment is now pessimistic enough to be bullish. The Coinbase premium tracks the price difference between Bitcoin on Coinbase and other exchanges. Its low reading may signal weak buying demand or widespread caution, but it does not confirm that a market bottom is in.

Bybit has listed six new stock perpetual contracts: XP Inc. (XPUSDT), the Industrial Select Sector SPDR ETF (XLIUSDT), Booking Holdings (BKNGUSDT), the iShares MSCI Brazil Small-Cap ETF (EWZSUSDT), Occidental Petroleum (OXYUSDT) and NuScale Power (SMRUSDT). Bybit stock perpetual contracts support leverage of up to 25x. A launch promotion offers zero fees on limit orders and 50% off taker fees for market orders.

PEPE fell toward $0.0000049 on October 30 after a wallet linked to the Binance hack reportedly sold 7.77 trillion tokens worth about $31.66 million. PEPE had touched an intraday low of $0.0000044 before rebounding. A prominent early investor reportedly bought 45.08 billion PEPE, worth roughly $206,500, but that purchase was small compared with the hacker’s sale. Derivatives data showed futures volume up 59.84% to nearly $1.52 billion, while open interest fell 10.09% to $369.85 million. The combination points to heavier trading alongside a reduction in outstanding leveraged positions. Traders are watching support near $0.0000045 and resistance around $0.0000050–$0.0000052. A sustained breakout could put the $0.0000055–$0.0000057 area in view, while a drop below support may expose the $0.00000435 region. The reported sale added pressure during a broader market decline, though available data does not establish how much of PEPE’s price move it caused.

Wall Street is weighing the odds of a Santa Claus rally against the risk of a tech-led sell-off resembling 2000. Deutsche Bank’s Jim Reid cites data going back to 1928: the S&P 500 typically finds its final yearly low in late October, and 21 of the past 23 midterm-election years saw gains in the following three months. But he warns that historical averages do not rule out bear markets. BTIG strategist Jonathan Krinsky takes a more cautious view. He sees similarities between current semiconductor trading and the 2000 downturn, and argues that markets have not undergone a full washout. Only one of the S&P 500’s 11 sectors has an RSI below 49. The 20-day equity put/call ratio is 0.59, compared with about 0.67 near a market low in March, suggesting limited demand for downside protection. Krinsky expects the semiconductor ETF SOXX to rebound towards $550–$570 before potentially turning lower around the US midterm-election week. Recent mega-cap earnings offered mixed signals: Microsoft rose about 6% after results, while Alphabet fell around 8%. The Federal Reserve held rates but delivered a hawkish message. For traders, the Santa Claus rally remains possible, but weak hedging demand, tech earnings reactions and rate concerns leave risk assets vulnerable to a sharp reversal.

PokéJam, a browser-based Pokémon basketball game created by indie developer KungFuDOOM, launched on 26 October and drew about 808,000 views on X by 30 October. The game features 291 Pokémon, each with eight basketball attributes, and offers quick-play and franchise modes. Online multiplayer is planned but was not yet available at launch. The developer also promoted PJAM, a Solana-based token launched through pump.fun, on the game website and X. At 16:21 on 30 October, DexScreener data showed PJAM had a market capitalisation of about $10,390 and roughly $7,191 in liquidity. Its price was down 21.82% over 24 hours. The developer said he had bought back and locked another 1% of the token supply. PokéJam is a fan-made game and its page notes that Pokémon is a trademark of Nintendo, Game Freak and The Pokémon Company.

RWA tokenization gained ground this week, but competing approaches to tokenized US stocks faced regulatory and issuer resistance. RWA assets reached $39.56 billion, up 2% month on month, while holders grew 8.49% to 5.457 million. DTCC launched its tokenization service for 34 securities, with tokens backed 1:1 by DTC-custodied assets and designed to preserve holders’ existing legal and economic rights. The launch highlights an institutional route to RWA tokenization that contrasts with the third-party model proposed by OKX and ICE. A total of 38 companies, including Walmart and Eli Lilly, have objected to that plan. Other developments point to wider adoption: Aviva Investors put £50 million into a tokenized fund share class on the XRP Ledger, and the LME is exploring tokenized metal inventories in Hong Kong for financing. Meanwhile, Canada proposed stablecoin rules that prohibit issuers from paying interest, and the US SEC added tokenization to its 2027 high-risk review priorities for clearing agencies. Stablecoin market value slipped 2.16% to $287.47 billion, even as monthly transfer volume rose 38.53% to $10.09 trillion. The data suggest active trading and transfers are increasing despite a smaller total supply and a slight decline in monthly active addresses. Overall, RWA tokenization is advancing, but regulatory requirements and disputes over issuer consent remain important risks for traders to monitor.

A reported $6.3 billion hack at Binance triggered a broad crypto market sell-off, according to the article. Service providers and blockchain partners had frozen about $3 billion on-chain by the time of the announcement. Early investigations reportedly pointed to a compromised DevOps engineer’s laptop, while Binance said it had found no evidence that wallet private keys were leaked. Bitcoin fell from above $80,000 towards $76,000, while Binance’s token, BNB, dropped more than 6% to about $705. More than 240,000 traders were liquidated, with daily liquidations exceeding $1.5 billion. Pi Network’s PI bucked the downturn, gaining nearly 3% over 24 hours to trade above $0.078. The article reported no clear catalyst for the rise. PI’s market capitalisation topped $880 million, placing it 64th among digital assets, and its price remained about 10% above its reported all-time low of $0.07072. The contrast highlights PI’s short-term resilience, but the reported Binance hack increased wider market volatility and risk aversion.

Foxconn Chairman Young Liu said the company is developing a new partnership with OpenAI, but gave no details on its scope, timing or financial terms. The announcement followed a meeting with OpenAI CEO Sam Altman at the company’s Hon Hai Tech Day in Taipei. Liu forecast double-digit growth for Foxconn next year and said he does not believe AI is in a bubble. Foxconn currently holds about 40% of the global AI server market and aims to increase that share to 45% in 2027. The company already has a 2025 agreement with OpenAI to co-design and manufacture US AI data-centre components, though that deal included no purchase commitments. For traders, the growth outlook and market-share targets are measurable indicators of demand for AI infrastructure. However, the new OpenAI collaboration remains financially undefined, and Foxconn’s heavy exposure to a small group of AI and cloud customers leaves it vulnerable to changes in their spending. Investors will look for details on binding orders, Houston capacity expansion and whether quarterly results support Liu’s forecast.

Anthropic’s IPO prospectus outlines up to $567 billion in compute and infrastructure commitments: $417 billion in minimum compute obligations and as much as $150 billion in additional capacity. The Claude maker says the plans support its expansion and competition with OpenAI, though the disclosure does not name specific supplier partnerships. The commitments could increase demand for AI computing and related infrastructure. They are not a direct cryptocurrency catalyst, but traders may monitor their effects on technology-sector sentiment and risk appetite. The article also reports that prediction markets put the chance of Anthropic reaching a $600 billion valuation by 31 December at about 5%.

Bitcoin, Ethereum and XRP are on track for a fourth consecutive weekly loss as October’s crypto market weakness continues. Bitcoin is down more than 2.5% this week, while Ethereum and XRP have fallen over 4% and 5%, respectively. Bitcoin has traded around $77,500–$77,900, briefly slipping below its 100-day EMA near $77,814. Reclaiming that level is an immediate hurdle for buyers; further resistance sits near $80,585 and $85,000. The key downside level is Bitcoin’s 200-day EMA at about $76,423. Holding it could help preserve the broader upward structure, while a sustained break below it may expose Bitcoin to a deeper pullback. The RSI is 34, near the oversold threshold, and MACD remains negative. These indicators point to persistent selling pressure, though oversold conditions alone do not confirm a reversal. Ethereum fell below $2,215 and XRP traded under $1.230.

Circle will begin lowering burn limits for its legacy Cross-Chain Transfer Protocol (CCTP V1) on 31 October 2026 and suspend the related contracts on 1 December. After the suspension, users will no longer be able to transfer USDC through CCTP V1 routes. CCTP V1 is not backward-compatible with the newer version, so applications, wallets and bridge services must update their integrations. Circle says it will retain enough minting capacity to complete attested transfers already in progress, but has not disclosed the limit schedule. Noble will not adopt the new CCTP. Circle plans to suspend Noble’s USDC contract and remaining cross-chain routes on 12 January 2027. Holders should move their USDC before then; remaining balances will be snapshotted that day, with manual redemptions beginning on 13 January, subject to compliance and security checks and requiring funds to be held in a self-custody wallet.

A crypto whale that held Bitcoin (BTC) and Ethereum (ETH) long positions for nearly four months has closed both, booking a reported $17.78 million profit, according to on-chain analyst Ember. The whale originally went long 1,000 BTC at $62,353 and 10,000 ETH at $1,762 in early July. After closing the positions, the trader opened a new ETH short position of 20,000 ETH at $2,228, worth about $44.6 million. The ETH short position signals a bearish stance from this trader, but one whale’s move does not by itself confirm a broader market trend.

South Korea’s Financial Intelligence Unit (FIU) has asked the country’s communications review authority to block access to TetherMax and SuperTrust, which are suspected of operating as unregistered cryptocurrency businesses. The request followed referrals by the Digital Asset Exchange Alliance (DAXA), which also referred Aegis Ventures for investigation. Aegis was not included in the blocking request because it has no separate website or mobile app. The three referrals bring to 47 the number of suspected unregistered crypto operators reported to investigative authorities. Under South Korea’s Specific Financial Information Act, crypto businesses serving local customers must register with the FIU. Unregistered operators can face up to five years in prison or fines of up to 50 million won. The proposed blocks are not yet final; the communications authority must decide whether to implement them. A June inspection found that examined unregistered platforms charged trading fees of 1.5% to 10%, compared with an average of about 0.16% at South Korea’s five largest won-based exchanges. The FIU also warned that platforms outside regulatory supervision may pose money-laundering, fraud, hacking and personal-data risks. The latest action adds to South Korea’s wider effort to restrict access to overseas crypto platforms that serve local users without registration.

Taiwanese trader Huang Licheng, known as Machi Big Brother, was liquidated eight times on Hyperliquid within six hours on 30 October. On-chain data tracked by Lookonchain showed that the account’s positions—mainly leveraged ETH longs—were closed, leaving a balance of about $1.50. The figure refers only to that Hyperliquid account, not Huang’s total wealth; it later received a $250,000 deposit. The liquidations came during a sharp crypto-market downturn. CoinGlass data showed more than $1.5 billion in crypto derivatives liquidations over 24 hours, with about 84% involving long positions. ETH briefly fell below $2,200, while BTC dropped to around $76,460. Huang had previously grown an account from less than $60,000 to about $12.1 million during a market rally, but earlier on-chain estimates put his cumulative trading losses at roughly $36.85 million. That historical estimate is separate from the latest liquidations. The episode highlights how leverage can magnify gains and rapidly wipe out trading capital during volatile markets.

Blockchain Life 2026 will take place in Dubai on 1–2 December. Organisers expect more than 15,000 attendees from over 130 countries, alongside more than 200 speakers and 200 sponsors. The event will feature two stages and an exhibition covering Web3, digital finance, investment, mining and AI. Its new AI Future Forum will focus on practical AI applications, robotics, and the intersection of AI with crypto and business. The announcement describes the event as an industry gathering; it does not report a new token launch, investment or regulatory decision.

Hyperliquid’s market capitalization has risen to $22 billion, overtaking privacy-focused cryptocurrency Zcash, which is valued at $21.4 billion, according to CoinGecko. The change places Hyperliquid’s HYPE token ahead of Zcash (ZEC) in the cryptocurrency rankings, excluding stablecoins. Both assets have recently appeared among the top 10 by market capitalization. The ranking shift may draw traders’ attention to HYPE, but the article provides no details on trading volume or underlying catalysts. Market-cap rankings can change quickly, so traders may want to monitor price action and liquidity before interpreting the move as a lasting trend.

Foxconn chairman Young Liu says the company could grow its share of the global AI server market from about 40% today to 45% next year and 50% within a few years. The forecast points to Foxconn’s expanding role in AI infrastructure and server manufacturing. Cloud and networking made up 51% of Foxconn’s revenue in the second quarter of 2026, up from 41% a year earlier, overtaking its consumer electronics business. The company reported record quarterly net profit of NT$60 billion (about US$1.86 billion), while AI server rack shipments are expected to more than double in 2026. Foxconn is also expanding production in the United States and Mexico. Output at its Houston facility is planned to reach 2,000 racks a week, and the company announced a US$136 million investment in Mexico. For traders, the targets offer indicators to monitor for continued AI hardware demand, but the projected market-share gains depend on execution and customer orders.

The article reports that Binance suffered a $6.3 billion hot-wallet theft on 30 October. It says about $3 billion in affected assets had been frozen, while roughly $3.3 billion remained transferable. The article attributes the breach to an attacker gaining access through a compromised DevOps engineer’s laptop and submitting unauthorised withdrawal transactions; the investigation was described as preliminary. The incident followed an episode of the Silicon Valley 101 podcast featuring Ethereum co-founder Vitalik Buterin, who discussed security and argued that decentralised, distributed defence is less dependent on predicting every possible attack than centralised systems. He also stressed that security involves human and organisational risks, not just technical vulnerabilities. The article also cites a separate Polymarket incident on the same day, in which about $2.7 million was reportedly stolen after a user-interface compromise and trading was temporarily paused. Together, the incidents highlight crypto security risks, including employee-device breaches and platform vulnerabilities. For traders, the reported scale of the Binance theft could heighten short-term concern about exchange custody and prompt closer attention to asset freezes, withdrawals and official investigation updates.

Binance says it expects to resume withdrawals within 48 hours of its 30 October announcement, putting the estimated deadline around midday on 1 November. Withdrawals remain paused while the exchange upgrades the security of its withdrawal service and related addresses. Deposits, Binance said, continue to operate normally. The exchange also revised its account of the incident. An earlier update said a compromised DevOps engineer’s laptop may have enabled attackers to access a service container and submit unauthorised withdrawals. A later statement described the cause as involving “multiple factors” and said a compromised computer may have been the entry point. Binance has not clarified what those factors were or confirmed whether the computer was the same laptop. The company said it had found no evidence that wallet private keys were exposed. However, details about the attack path, compensation, reserves and the withdrawal restart process remain unclear. For traders, the pause and changing explanations may weigh on confidence in Binance in the short term, while the resumption of withdrawals and further security disclosures will be important signals.

A Binance hot-wallet hack on 30 October triggered a brief but unusually large ETH price gap between decentralised exchanges and Aave’s oracle. As the attacker swapped large amounts of USDT for ETH on Uniswap, ETH on the DEX rose to $2,560–$2,750, while Aave’s Chainlink-based oracle remained around $2,250–$2,290. Binance had suspended withdrawals, limiting traders’ ability to move cheaper ETH onto the blockchain and close the gap. One address reportedly deposited stablecoins on Aave, borrowed ETH at the oracle price and sold it on DEXs, then bought ETH back at a lower price to repay the loan. It sold 12,289 ETH at an average of about $2,580 and repurchased 12,314 at about $2,297, generating an estimated $3.47 million before gas fees. The address made 18 borrowing transactions in 44 minutes. In total, 61 addresses borrowed ETH on Aave in the six hours after the incident, excluding the attacker. The top 10 reportedly made about $6.36 million combined, before gas fees. The spread narrowed after 5:30 a.m., and Aave temporarily froze its V3 and V4 markets at 6:44 a.m. The report said Aave’s contracts were not at fault; the opportunity arose from the sharp DEX price move and delayed oracle repricing.

SpaceX shares have fallen below their $150 IPO opening price after making initial gains, drawing attention to the risks of volatile trading after a public listing. The pullback has raised questions about how Anthropic, the AI company behind Claude, might perform when it lists on Nasdaq. Anthropic has not yet set an IPO price range, leaving valuation and investor demand in focus. Traders will be watching its pricing guidance, revenue growth, secondary-market activity and broader AI-sector valuations. SpaceX’s performance is a cautionary comparison, not a reliable forecast of Anthropic’s IPO or its subsequent share price.

Tron founder Justin Sun says the Trump administration has given the crypto industry a two-year grace period to show how digital assets can benefit ordinary Americans. The article provides no official confirmation of a formal policy or regulatory pause. US Congress has yet to pass comprehensive crypto market legislation, leaving the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to shape much of the current regulatory environment. Sun’s comments may influence sentiment around US crypto regulation, but they do not establish a change in law. The article also notes that prediction-market odds for Bitcoin reaching $200,000 by the end of 2026 remain low. Traders will be watching for official agency actions and progress in Congress before treating the reported two-year window as a concrete catalyst for Bitcoin or the wider crypto market.

BSC-based meme coin JAGENT has surpassed an $8 million market capitalisation, according to data from GMGN. JAGENT is a fair-mint token built around the Binance AI Agent ID ecosystem. The milestone highlights activity in BSC meme coins, but the report provides no details on trading volume, price performance or the token’s liquidity.

Lookonchain reported that a BTC short position worth $13.74 million was liquidated during a market rebound. The liquidation involved 174.86 BTC. The BTC short liquidation highlights the risk of leveraged bearish trades when prices move against traders, but the report gives no details on the exact price level or broader market activity.

Bitcoin fell below $80,000 in early October 29 trading as investors weighed the Federal Reserve’s decision to hold its policy rate at 3.75%–4.00% and two votes in favor of a rate increase. Weakness in technology shares and concerns about risk appetite also weighed on crypto markets. The move reflects macroeconomic pressure, not a change to Bitcoin’s protocol or supply. Traders are watching whether Bitcoin stabilizes, whether spot-market selling persists, and whether leveraged positions are liquidated. Fed communications, equity-market performance and ETF demand may shape the next move. The reported price level describes that trading session, not a live quote.

Cameron and Tyler Winklevoss have called for Zcash to dissolve its community grants committee, arguing that ZEC holders should have a direct say in how development funds are spent. Tyler criticized the committee’s accountability, while Cameron said Zcash should focus on financial privacy rather than experimenting with governance. The dispute centers on Zcash’s development funding. The Zcash Community Grants committee receives 8% of block rewards and controls a treasury valued by co-founder Sean Bowe at more than $125 million. A separate coinholder-directed grants program receives 12% of block rewards. In September, ZEC holders approved $8.39 million for 17 projects, with about 2.18 million ZEC participating. Bowe has proposed directing the committee’s 8% allocation to a network sustainability reserve after existing grant commitments are met. No change has been approved, and the proposal would require a network upgrade. Community members remain divided over whether the committee provides valuable development support or lacks adequate oversight. For traders, the dispute may add uncertainty around Zcash governance and future ecosystem funding, but it does not currently change ZEC’s funding rules or network operations.

Alphabet’s 12.64% plunge after weaker-than-expected third-quarter revenue wiped about $482 billion from its market value and intensified concern that big technology firms’ AI spending may be excessive. Disappointing after-hours results from Amazon and Intel added to pressure, with Nasdaq futures down 1.88% at the reported time. Crypto markets faced separate risks. Binance said an attack affected $6.3 billion in assets; platforms reportedly froze more than $2.5 billion, while withdrawals were temporarily halted. Bitcoin fell below $77,000 before recovering to around $78,329. Strategy reported $20.9 billion in third-quarter operating profit, driven by Bitcoin fair-value gains, but revenue declined 3% year on year. Its year-to-date BTC Yield was negative 3.7%, indicating lower Bitcoin exposure per share. With its shares trading at a reported 0.82 times the value of its Bitcoin holdings, the company’s share issuance strategy may be less effective. Bitcoin was also approaching Strategy’s average purchase price of $75,446. Higher oil prices, geopolitical tensions and upcoming US GDP and PCE data add to market uncertainty. Traders are watching Binance withdrawal updates, Bitcoin’s support near Strategy’s cost basis, and whether a broader retreat from technology stocks spills over into crypto.

Trader 58bro.eth sold 8,000 ETH, worth more than $17.96 million, within about an hour. The trader withdrew the ETH from Aave and transferred it to OKX in several batches, then withdrew 10.5 million USDT to repay borrowing. The position still has 4,911.05 WETH staked on Aave, against 2.51 million USDT borrowed, with a health factor of 3.69. The ETH sale is linked to debt repayment; the remaining collateral position is not reported as being near liquidation.

Elon Musk responded with a grimacing emoji to an X user who questioned Binance’s assurance that it has enough funds to cover losses from a security incident. The user compared the pledge to similar assurances made by FTX founder Sam Bankman-Fried before FTX collapsed. Binance co-founder Changpeng Zhao had said the exchange had sufficient funds to cover the incident’s losses. Musk’s reaction drew attention, but his specific intent is unclear. The exchange is facing scrutiny over its ability to absorb the losses, though the post itself provides no new evidence about Binance’s financial position.