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 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.

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.

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.

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.

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.

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.

Coinbase (COIN) received a cautious Buy rating upgrade after its third-quarter results showed stronger profitability and a more diversified revenue mix, despite ongoing crypto market volatility and cybersecurity concerns. Revenue was flat quarter over quarter, while adjusted EBITDA reached $333 million as the company kept expenses under control. Subscription and services revenue accounted for 49% of total revenue, offering Coinbase a steadier income base when trading activity and investor sentiment weaken. The article also cites reports of an alleged $6.3 billion Binance hack attributed to a North Korean cybercrime group. The incident highlights security risks across the crypto sector, although the provided article does not establish that Coinbase was affected. The author says Coinbase remains cyclical and its valuation is not yet a bargain. The stock may suit traders seeking tactical exposure to crypto markets, but the rating upgrade is not presented as a clear long-term investment case.

Zebra 7.1.0-alpha.0, a pre-release of the Zcash node software, focuses on faster mining and block propagation. It reduces delays in updating mining templates when transactions or new blocks arrive, speeds up block submission and verification, and relays blocks to peers sooner. The release also adds mining-pool features, including legacy JSON-RPC batch support, optional ZMQ hashblock notifications, the preciousblock RPC, and mining metrics. Zebra 7.1.0-alpha.0 retains the v29 state format used by Zebra 7.0.0, so testers can switch back without resyncing. It is an alpha intended for testing, not a recommended upgrade for production nodes. Some configuration checks have also become stricter.

The Recall Foundation will shut down after concluding that continued development is not commercially viable, citing protocol adoption, operating costs and growth prospects. The decision was not triggered by a hack or security incident. The foundation plans to burn about 359 million RECALL tokens, equal to roughly 35.86% of the total supply. Token holders will not receive distributions, redemptions or buybacks. The foundation’s remaining funds, about $3.7 million, will go towards creditor repayments and liquidation costs. app.recall.network is due to become read-only from 30 November, with liquidation expected to finish in the first quarter of 2027. The shutdown raises concerns about RECALL’s project outlook, despite the planned reduction in token supply.

The Recall Foundation plans to burn about 358.6 million RECALL tokens as it winds down the project and liquidates its development subsidiary, Recall Labs. The burn represents 35.86% of the token’s 1 billion total supply; staked tokens are excluded. The Foundation estimates supply will fall to 641.4 million RECALL after the burn, expected just before final liquidation in Q1 2027. The Recall Network app is due to become read-only on November 30, 2026, ending new competitions and rewards. Recall Labs is projected to liquidate around December 2026, followed by the Foundation around January 2027. The Foundation says its estimated $3.7 million in stablecoins and fiat will go to creditors and wind-down costs. RECALL holders will receive no compensation, distributions or buybacks. The shutdown follows the Foundation’s conclusion that its tested product directions are no longer viable amid rapid changes in the AI sector.

Chainlink says its Chainlink Reserve added 427,600 LINK in October, spending more than $5.3 million. The reserve now holds 6.4751 million LINK. Chainlink says the reserve is intended to support the network’s long-term growth and sustainability.

US officials are investigating a reported Binance hack that allegedly affected about $6.3 billion across multiple blockchains, according to the article. President Trump said the probe is under way, and the US Secret Service is helping track the stolen funds. Preliminary findings point to a compromised DevOps engineer’s laptop, with no direct breach of wallet private keys reported. Some experts have suggested North Korea-linked actors may be responsible, but attribution remains unconfirmed. The Binance hack has renewed calls from lawmakers for stricter crypto exchange oversight and could add pressure to Bitcoin and broader digital-asset markets. Traders will be watching for verified investigation findings, Binance’s response and any concrete US regulatory proposals.

A tech selloff erased more than $1 trillion in market value as investors questioned whether heavy artificial intelligence (AI) spending will deliver sufficient returns. The Nasdaq fell 2.86%, the S&P 500 dropped 1.82% and the Dow lost 1.09%, although all three indices closed above their session lows. Intel plunged 28.5% in its steepest intraday decline since 1974. SanDisk fell 13.8%, Marvell lost 10%, Micron slipped 5.3% and Nvidia dropped 4.2%, putting its market capitalization below $5 trillion. The VIX briefly approached 24 before ending just below 20, signaling increased caution. The selloff reflects uncertainty over AI investment economics, not necessarily fading demand for the technology. Financials, healthcare and energy stocks gained, while Treasury prices rose and yields fell. Oil climbed amid escalating Middle East security concerns: WTI topped $104 a barrel and Brent approached $118. Upcoming earnings from Apple, AMD, Qualcomm and other major companies may help traders assess the tech sector, AI spending and broader consumer and energy trends. The tech selloff may remain volatile as investors weigh earnings against the uncertain returns on AI investment.