Crypto News

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.

S&P Global Ratings has revised Meta’s outlook to negative as the company’s AI infrastructure spending puts pressure on cash flow. Meta reported Q3 2026 revenue of $64.6 billion, up 26% year on year, but free cash flow turned negative at about $2.12 billion for the first time in more than a decade. The company raised its 2026 capital expenditure forecast to $135 billion–$145 billion and expects roughly $825 billion in future data centre and AI infrastructure investment. Meta has proposed non-voting shares and possible equity raises to fund the build-out without adding debt. The negative outlook is not a downgrade, but it signals greater credit risk. Meta shares fell 7%, while five-year credit default swaps rose to 114.79 basis points. The Meta negative outlook is a key risk for bondholders; traders will watch cash flow, leverage and the scale of any equity issuance.

Choice launched sLINJ, a leveraged INJ staking token issued by MidasRWA on Injective EVM. The product packages a looped staking strategy into one token and targets an annual percentage yield of about 12%, paid in INJ. The target is not guaranteed, and actual returns may vary. Users can subscribe with INJ, WINJ or yINJ. sLINJ charges a 1% annual management fee and a 15% performance fee on earned yield. Redemptions may take about three days, while instant withdrawals depend on available vault liquidity. The launch expands Injective’s DeFi yield options, but the leveraged structure, fees and withdrawal limits are important risks for traders and holders to consider.

Cohere has closed the first tranche of its Series E, which aims to raise up to C$7 billion at a post-money valuation of C$35.7 billion. If completed, it would be the largest funding round for a Canadian technology company. The Cohere Series E is led by Germany’s Schwarz Group, with participation from the Canadian government, Bell Ventures and Nvidia. Ottawa has committed up to C$1.6 billion, conditional on Cohere investing in infrastructure. The Toronto-based AI company plans to use the funding to develop models for regulated industries and expand computing capacity in Canada. It is also considering additional neocloud partnerships, following multi-year GPU agreements with BUZZ HPC and CoreWeave. Cohere says annual recurring revenue rose 165% year over year through the third quarter of 2026, while its customer base grew twentyfold to 300. The round’s final size and the pace of new Canadian compute capacity remain key milestones.

Chainalysis is investigating a cybersecurity incident with support from cybersecurity experts. The company said it has found no evidence that investigation content, authentication credentials or session tokens were accessed without authorization. Chainalysis has notified customers and will provide updates as the investigation continues. It said the incident is unrelated to the recent Binance crypto theft.

Jupiter Lend’s USDC vault, holding about 413.7 million USDC, had just 8.44 USDC available for withdrawal at 2:21 p.m. ET on October 30. The amount fluctuated during the day, falling to 6.37 USDC by 3:32 p.m. The protocol said broader market conditions had caused a liquidity crunch, but stated that it was functioning as expected and customer funds were safe. It gave no timeline for withdrawals to resume, saying liquidity would return as borrowers repay loans or new deposits arrive. The USDC vault’s withdrawal availability contrasts with some other Jupiter Lend pools, including SOL, where about a quarter of the supply was withdrawable. Jupiter said the issue was not caused by direct exposure to Binance, amid market concerns following large reported outflows from the exchange.

CFTC Chairman Michael Selig said the roughly $6.4 billion Binance hack underscores the need for US oversight of offshore crypto exchanges. He argued that exchanges should be able to register with the CFTC and meet US cybersecurity standards. Selig said the attack did not exploit a flaw in Ethereum or its smart contracts, but likely involved a vulnerability introduced through a laptop. Binance later reported finding “additional points of breach,” describing a more complex attack than a single engineer’s compromised permissions. TRM Labs said the incident points to a compromise of Binance’s signing infrastructure. The attacker used Ethereum’s EIP-7702 feature to drain a Binance hot wallet, while Tornado Cash was cited as a tool that can obscure transaction trails. Binance has set aside $6.34 billion to cover losses and says customer assets are safe. The Secret Service and FBI are investigating; TRM Labs and Chainalysis have linked the theft to North Korea’s TraderTraitor group. The breach adds momentum to the CFTC’s proposed crypto-market rules, though it does not establish a vulnerability in Ethereum itself.

A reported $6.3 billion Binance hack overshadowed a volatile week in crypto, helping trigger about $1.5 billion in liquidations, mostly long positions. The total crypto market value fell 3.6% in 24 hours to about $2.68 trillion. Binance said it had funds to cover the loss, while some market observers argued the incident was unlikely to cause broader contagion. The Binance hack story came as Quack AI (Q) suffered a sharp reversal. Q briefly reached a record $0.24, then fell to around $0.04, down roughly 60% over the week. PEPE, by contrast, rose about 6% to $0.0000052, giving it a market value near $2.2 billion. Reports that Justin Sun increased his holdings to 11.85 trillion PEPE, alongside a large whale purchase, drew attention to the meme coin. Binance also scheduled the removal of several spot and margin trading pairs on October 30. It temporarily paused ETH network deposits and withdrawals for wallet maintenance on October 28, with service expected to resume. The Binance hack, Q’s volatility and the exchange’s delistings may keep traders focused on risk, liquidity and exchange-related news.

Intel stock fell nearly 30% on Friday to $65.76, erasing more than $146 billion in market value, after the chipmaker issued a weaker-than-expected fourth-quarter forecast. The decline was its worst single-day fall in more than 50 years. Intel expects Q4 revenue of $15 billion to $16 billion, below analysts’ $17.07 billion estimate. Adjusted earnings per share are forecast at $0.25, versus expectations of $0.43. The outlook overshadowed stronger third-quarter results: revenue rose 21% year over year to $16.5 billion, while adjusted earnings per share reached $0.52. Demand for AI server processors is growing rapidly. Intel’s Data Center and AI division reported $7.3 billion in revenue, up 78% year over year. But manufacturing and packaging constraints, weaker PC demand and a factory accident in Israel are limiting output and pressuring margins. Intel expects its Q4 gross margin to fall to 38%, from 44.1% in Q3. The company also warned it probably will not generate positive free cash flow next year as it invests heavily to expand manufacturing and compete with TSMC. Nvidia’s $5 billion investment and a potential Apple manufacturing deal have supported hopes for Intel’s turnaround, but investors remain concerned about execution, spending and the PC market outlook. Intel stock’s sharp fall highlights the gap between strong AI demand and the company’s ability to supply chips profitably.

Bitcoin has fallen about 8.4% in October and is trading around $76,000–$77,000, putting it on course for a second consecutive month of October losses. The decline follows an early-month rally to roughly $80,000–$84,000 and a subsequent drop, with intraday lows near $76,500. Bitcoin’s 30-day high was in the mid-$86,000s. Traders are watching the $76,000–$76,200 area, where the 100-day simple moving average and the 0.382 Fibonacci retracement converge. A break below this Bitcoin support zone could trigger stop-losses and add to selling pressure. October’s weakness contrasts with Bitcoin’s historical seasonal trend: it has risen in 10 of the past 13 Octobers since 2013, with an average gain of about 19%. Broader market conditions may also affect whether support holds.

Walmart-backed fintech OnePay now lets select US customers deposit USDC directly into OnePay Checking accounts. The USDC deposits are automatically converted into US dollars and credited to users’ checking balances, with no conversion fees at launch. The feature launched on October 30, 2026, and supports transfers across 12 blockchains, including Base, Solana, Ethereum and Tempo. Stripe’s Bridge platform handles deposit addresses, compliance checks and conversion. The service could simplify access to everyday banking for freelancers and gig workers paid in USDC, who may otherwise need to use an exchange and make a separate bank withdrawal. The move builds on OnePay’s earlier crypto services: Bitcoin and Ethereum trading began in January 2025, followed by additional tokens in March 2026. Availability is currently limited to select US customers.

Cardano founder Charles Hoskinson warned of “seriously dangerous code” after sharing an analysis alleging that an attacker used Ethereum’s EIP-7702 delegation feature to target a Binance hot wallet. The analysis, published by CyberSatoshi, describes a custom sweeper that allegedly processed tokens and could call an external vault holding $823 million in USDC. These claims have not been independently confirmed. CyberSatoshi said the alleged operation used 50 pre-signed authorizations to account for the wallet’s changing transaction nonce. It also acknowledged that the attacker would have needed the wallet’s private key or unrestricted access to Binance’s signing systems. EIP-7702 requires a valid signature to delegate account execution; its specification warns that delegated code can have unrestricted access to the account. Hoskinson did not identify a specific protocol flaw or explain which parts of the analysis he endorsed. The report therefore raises questions about wallet security and signing controls, but does not establish how credentials were obtained or confirm the alleged attack’s full impact.

Tokenized stocks could follow stablecoins’ growth path over the next four to five years, Flowdesk CEO Guilhem Chaumont says, as financial institutions explore putting equities and ETFs on blockchain networks. The tokenized stock market has grown from under $1 billion at the start of 2026 to about $4.63 billion by late October. Stablecoins, by comparison, grew nearly 64-fold from a similar market size in 2020 to around $297 billion today. Tokenized stocks remain a small market, concentrated among Binance bStocks, Ondo Finance and xStocks, which together account for more than 80% of capitalization. About 86% of tokenized stocks use collateralized structures, with issuers holding underlying securities. Chaumont says round-the-clock trading and wider access could support adoption, but institutional growth depends on secure custody, settlement infrastructure and clear regulation. Recent exchange security incidents have heightened concerns about moving large balances onchain. The stablecoin comparison signals potential, not a guaranteed repeat of that growth.

US President Donald Trump says he will review the reported $6.3 billion Binance hack, which the article describes as the largest crypto theft on record. The breach reportedly hit Binance hot wallets across several blockchains on October 29 and lasted about 20 minutes. Investigators have attributed the attack to TraderTraitor, a North Korean-linked group, and suspect a compromised laptop belonging to a DevOps engineer enabled access. The attribution has not been independently confirmed in the article. Binance halted withdrawals and said it would use its Secure Asset Fund for Users (SAFU) and corporate treasury to cover losses, setting aside more than $6.34 billion. Around $3 billion in assets, mainly stablecoins, have reportedly been frozen by issuers and partners. Binance aims to resume withdrawals within 45 hours and is working with law enforcement. The reported loss exceeds the $1.5 billion Bybit hack in 2025. The Binance hack has also weighed on crypto prices, raising short-term concerns about exchange security, liquidity and market confidence.

US President Donald Trump said the alleged $6.3 billion Binance hack is under investigation and that officials do not yet know whether North Korea was responsible. He added that Binance says the situation is under control. Blockchain analytics firms Chainalysis and TRM Labs have attributed the attack to TraderTraitor, a hacking group linked to North Korea, but the US government has not formally confirmed that assessment. The Binance hack raises concerns about crypto exchange security, although the reported containment may help limit immediate disruption.

Anthropic’s infrastructure spending commitments could become a financial strain if demand for its AI services slows, warned Tessera PE CEO Chan Ahn, a former Goldman Sachs and JPMorgan executive. The company reported $16.3 billion in first-half 2026 revenue and $131.7 billion in cash and short-term investments, but disclosed about $265.6 billion in fixed or minimum-guaranteed infrastructure commitments. Around 80% of first-half revenue came from consumption-based services, leaving questions about whether revenue will keep pace with future obligations. Anthropic’s filing also disclosed a facility allowing it to issue up to $42 billion in convertible notes to help finance infrastructure lease obligations; none was outstanding as of June 30. Ahn said the company’s financial links with suppliers, investors and distribution partners—including Amazon, Google, Microsoft and Broadcom—could spread stress across the AI infrastructure sector if demand weakens. He stressed that these are risks to monitor, not evidence of an industrywide crisis. The potential $1.5 trillion valuation is not the IPO’s fundraising target. Anthropic has not specified the offering size or share price; Renaissance Capital estimates it could raise about $75 billion. Ahn sees a more direct competition for capital with other technology IPOs than with crypto markets. Anthropic’s spending commitments, revenue growth and partner financing arrangements will be key indicators for investors.

Binance says it is targeting a phased withdrawal restart within about 34 hours of its latest update, following a reported $6.3 billion hot-wallet breach on October 29. The timeline depends on security reviews, and withdrawals remain suspended while checks continue; deposits and unaffected services are still operating. Binance plans to take a Proof of Reserves snapshot within 12 hours and publish the results by November 2. It says more than $6.34 billion in company funds, including assets held through its Secure Asset Fund for Users and corporate treasury, is available to cover losses. About $5 billion is already held in affected cryptocurrencies, and the exchange is acquiring the remainder. Binance also says it has worked with authorities and industry partners to freeze about $3 billion in stolen assets. Investigators have not found evidence that wallet private keys were leaked, but say the attack may have involved multiple security breaches. Binance expects to release further technical findings within about 48 hours and publish a detailed postmortem.

Tether’s excess reserves rose by about $3.85 billion in the third quarter to $7.95 billion, with a rebound in Bitcoin accounting for most of the increase. The company’s September 30 attestation, reviewed by BDO, reported $191.45 billion in assets against $183.5 billion in liabilities, mostly USDT in circulation. Bitcoin’s valuation rose 42.6% over the quarter. At roughly 98,900 BTC, that added an estimated $2.47 billion to Tether’s reserves, according to the article’s calculations. Higher gold prices contributed about $700 million. The reserve buffer remains $278 million below its March-end level of $8.23 billion. Tether reported $1.5 billion in third-quarter net operating profit and said it held $132.4 billion in direct and indirect Treasury bills. The reserve recovery reflects market-price gains in Bitcoin and gold; BDO’s attestation covers balances at September 30 and does not establish that the buffer will remain at that level.

The S&P 500 ended October modestly lower as a late-month sell-off in technology and AI stocks offset gains in energy, defensive and value shares. The S&P 500 ETF (SPY) fell 2% for the month. Energy led sector gains, supported by stronger oil trends and robust third-quarter results from Exxon Mobil and Chevron. Defensive stocks recorded their strongest monthly performance relative to technology since the early 2000s. Economic signals remain mixed: job growth is weak, consumer spending is resilient, and inflation remains above 3%, leaving the Federal Reserve’s policy path uncertain. Despite the S&P 500’s decline, earnings estimates are rising and valuations have eased to about 18 times earnings. The article also notes that historical seasonality tends to favor stocks in November and December, although that is not a guarantee of future gains.

Canary Capital has amended its SEC filing for the proposed Canary Staked INJ ETF, which would trade on Nasdaq under ticker INJC if approved. The fund would hold Injective’s INJ token and stake at least 90% of its assets through third-party providers, reinvesting net staking rewards rather than paying them out to shareholders. The filing sets a 1.10% annual management fee and allocates 30% of staking rewards to fees. Injective’s 21-day unstaking period means the fund plans to retain some liquid assets to meet redemptions. The Injective Foundation has committed to an initial purchase of up to $15 million in shares, paid in INJ. The proposal remains subject to SEC approval. Investors would gain regulated exposure to INJ and its staking rewards, but would still face token-price volatility, validator and operational risks, liquidity constraints and significant fees.

Coinbase reported third-quarter revenue of $1.20 billion, below analysts’ $1.233 billion estimate. Subscription and services revenue reached $570 million, while monthly transacting users fell to 7.4 million from 9.3 million a year earlier. Coinbase’s share of crypto trading volume rose for a fourth consecutive quarter to 10.7%, and adjusted EBITDA was $332.9 million, marking 15 straight profitable quarters on that measure. The company also said its prediction markets business exceeded $200 million in annualized revenue, and Coinbase One subscriptions reached a record high. Separately, CEO Brian Armstrong filed a Rule 10b5-1 plan to sell up to 8.17 million Coinbase Class A shares between November 2026 and October 2027, subject to price conditions. Similar plans by co-founder Fred Ehrsam and President Emilie Choi bring the total to about 13.6 million shares. Armstrong has described scheduled sales as personal risk management. Coinbase shares fell about 15% amid wider market weakness following Binance’s disclosure of a major security breach. Bitcoin dropped roughly 4.5% to below $77,000, while Strategy and Strive shares also declined. The article additionally reports that Coinbase bought 643 BTC, worth about $1.5 billion, for its balance sheet in the third quarter. Coinbase shares are down more than 55% this year.

US real wages fell 0.7% year over year through September, marking a sixth consecutive month of declines. Weekly pay also slipped below zero, despite workers putting in longer hours. The article attributes the squeeze mainly to rising energy costs: gasoline prices were up 34.2% and overall energy prices 20.4%, while core CPI rose 2.6%, below wage growth of about 3.0%. Households are coping through longer working hours, reduced savings and increased credit-card borrowing. The labor market offers less support than it did in 2022: September payrolls grew by just 29,000. Meanwhile, discretionary stocks have underperformed staples by about 19% since their late-2025 peak, with losses accelerating around the September CPI report. The article argues that weakening real wages are already pressuring consumer-facing stocks and could signal broader household spending weakness. For traders, real wages, energy inflation, employment data and consumer-sector performance are key indicators to watch.

Connection Capital founder Dan Krupka warns that a stronger US dollar could pressure Bitcoin, gold and broader markets in the coming months. He argues that rising energy prices may weigh on the euro and Japanese yen, supporting the dollar and challenging the Bitcoin “dollar debasement trade” — the view that fiat-currency concerns will lift scarce assets. Bitcoin was trading near $77,500, while the US Dollar Index closed at about 101.85 on October 29, up from 101.45 at the end of September. Dollar strength can tighten financial conditions and reduce demand for risk-sensitive assets, including Bitcoin. The relationship is not certain: Federal Reserve policy, institutional demand and crypto-specific flows could change the outlook, and gold may attract defensive buyers even if Bitcoin falls. Traders are watching energy prices, the dollar index and yields for signs of whether dollar strength will persist.

CFTC Chairman Michael Selig says the reported $6.3 billion Binance security incident highlights the need for stronger safeguards at offshore crypto exchanges. He is advocating a federal registration pathway that would let exchanges register with the CFTC and adopt cybersecurity protections comparable to those required in US markets. The proposed pathway is currently voluntary. Requiring offshore platforms to register would need further congressional authorization. Selig also said blockchain ledgers could help investigators trace stolen funds, even when attackers use mixers such as Tornado Cash, and that the CFTC would work with law enforcement. The remarks renew attention on Binance security, crypto exchange regulation and compliance costs. They may increase pressure on offshore platforms serving US users, but do not by themselves impose new rules or directly change trading conditions.