Crypto News

Binance founder Changpeng Zhao, known as CZ, says Thai partner Gulf Binance offered liquidity support to Binance during two crises: after the exchange’s $4 billion fine in 2023 and again during a cybersecurity incident reported on October 29–30, 2026. Estimated losses are about $6 billion to $6.3 billion, though the figure is not final. Binance says it plans to cover losses with its Secure Asset Fund for Users (SAFU) and other resources. Tether and Circle have reportedly frozen stablecoins linked to the incident. In Thailand, Binance TH has paused crypto deposits and withdrawals while conducting security checks, but trading and fiat services continue. The local venture says customer assets are held in segregated cold wallets. The incident puts Binance’s recovery capacity, transparency and user confidence in focus.

Bitcoin fell sharply after breaking below a five-week descending channel, dropping about $5,500 in several hours to $76,350 before rebounding above $78,000. It later settled near $77,800, leaving traders watching whether support can hold or whether the decline will extend. The article identifies $77,850 as an important daily support level. A break below it could expose Bitcoin to support near $75,600. The 100-day simple moving average offered support during the sell-off, while the 50-day moving average near $82,000 was identified as resistance. On the weekly chart, $77,000 and the 50-week moving average are potential support areas. Broader market conditions may determine Bitcoin’s next move. S&P 500 E-mini futures also sold off but reached trendline support; a rebound in equities could ease pressure on Bitcoin. Nervousness around earnings and capital spending at Microsoft, Google and Amazon added to market uncertainty. The analysis presents two scenarios: Bitcoin could recover into its former channel if support holds, or fall towards $75,600 and potentially lower if equities weaken and key levels fail.

Michael Saylor says Bitcoin treasury companies are buying BTC at 1.6 times the amount produced by miners, potentially creating a supply shock. As demand from Bitcoin treasury firms grows, rising prices could improve these companies’ access to credit and equity funding, allowing further BTC purchases. Saylor described the firms as participants in a mutually reinforcing cycle rather than competitors.

Crypto trader Machi reopened $5.88 million in leveraged long positions in ETH, HYPE and BTC after an earlier ETH position was liquidated during a market drop linked to the Binance hack incident. He deposited another 250,000 USDC to resume trading. The ETH position has a liquidation price of $2,161, about $86 below the current price. On Hyperliquid, Machi has traded for nearly 18 months, recording $15.86 billion in volume and cumulative losses of $37.05 million. The renewed crypto long positions put particular attention on ETH’s narrow liquidation buffer and the risks of high-leverage trading.

Bitcoin Core 32.1 and maintenance releases 31.2, 30.4 and 29.5 include three security fixes. The fixes address peer-triggered memory exhaustion, excessive memory growth from queued messages, and possible undo-file corruption during extreme block-file growth. Bitcoin Core also updated its policy for easily discoverable vulnerabilities: it will backport fixes to supported releases and publish point releases with advisories as soon as possible. Core Lightning disclosed a denial-of-service vulnerability affecting versions 25.02 through 26.04. A malformed channel announcement could crash a node and cause repeated crashes after restart. The issue was fixed in Core Lightning 26.04.1; operators on affected versions should upgrade. The newsletter also covered a proposed protocol for using multiparty wallets with Bitcoin silent payments, plus security and reliability updates for Eclair, LND and LDK. The proposal allows signers to create an aggregated proof without changes to the existing silent-payment standards, though its security paper is still under review. Overall, the updates focus on Bitcoin infrastructure security and operational resilience rather than changes to Bitcoin’s monetary outlook.

The FBI seized the domain of Virtualine, a virtual hosting provider, on 27 October 2026. Blockchain analytics firm TRM Labs said Virtualine was a leading source of cryptocurrency inflows attributed to illicit activity in 2026, despite ranking lower by total value. TRM also reported that ransomware-related transactions accounted for about 5% of Virtualine’s direct inflows. The seizure highlights law enforcement’s focus on infrastructure allegedly used to support cybercrime. The report does not identify specific cryptocurrencies or indicate a direct impact on crypto markets.

Ethereum fell below $2,200 on October 30 as investigators traced nearly 490,361 ETH to wallets linked to a $6.3 billion Binance security breach. Bitquery said attackers initially withdrew about 200,630 ETH from Binance and acquired roughly 290,000 more by swapping stolen assets. One attacker-linked wallet received about 195,460 ETH, worth around $440 million at the time. The holdings had not moved to centralized exchanges or mixing services at the time of Bitquery’s analysis, so they represent potential—not confirmed immediate—selling pressure. Binance says about $3 billion in assets has been frozen and that customer funds will be covered. Ethereum’s price briefly reached about $2,188. Traders are watching $2,170–$2,200 as near-term support; a sustained break could expose $2,150 and $2,100, while a recovery above $2,250–$2,300 may ease pressure. The hack-related selling risk adds to concerns about whale transfers, exchange liquidity and October outflows from US spot Ethereum ETFs.

BNB fell more than 8% during the October 29–30 crypto selloff, dropping from about $760 to an intraday low near $683 after Binance disclosed a security breach. The token later rebounded to around $715–$720, but its break below $700 weakened its short-term price structure. Binance estimated that about $6.3 billion in digital assets were affected, while saying roughly $3 billion had been frozen with help from blockchain partners. The exchange reported no evidence that wallet private keys were exposed and pledged to reimburse affected customers through its SAFU fund and corporate funds. Deposits resumed, but withdrawals remained paused during security updates. Traders are watching $680–$685 as immediate support. A break below it could put $670 and $650 in view. On the upside, BNB needs to reclaim $700 and then $720; the former $750 support area may now act as resistance. Binance’s recovery efforts and further disclosures could influence confidence, while weakness in Bitcoin and Ethereum added pressure across the market.

Brent oil rose above $116 a barrel on October 30 after a tanker was attacked in the Strait of Hormuz, a key route for Gulf energy exports. The expiring December Brent futures contract gained nearly 2% to about $117.15, while US WTI approached $103.79. January Brent traded near $113, reflecting the difference between delivery contracts. The attack reportedly caused an engine-room fire, but the crew was safe and no environmental damage was reported. Concerns were also heightened by Houthi claims of an attack on Saudi Arabia’s Ras Tanura refinery, which Saudi authorities have not independently confirmed. Shipping and insurance costs could rise even if oil production remains unaffected. JPMorgan estimated Brent’s fundamental value at about $94, suggesting a geopolitical premium of more than $20 at prices above $115. Traders are watching resistance around $117–$118 and the $120 level, as well as possible diplomatic progress between Washington and Tehran that could ease prices. The November 1 OPEC+ meeting is another supply-market catalyst; seven major producers are expected to keep December output targets unchanged. US emergency oil reserves are around 282.6 million barrels, their lowest level since 1982.

He Yi says the hacker took about $46 million in ETH in the AAVE-related incident. A further 60 million USDT deposited as collateral on AAVE is not within the scope of the complete freeze, according to her. If assets are unfrozen through law enforcement channels, the amount that can be recovered could be about $14 million higher. The update clarifies the scale of the loss and the potential recovery, but does not provide details on the incident’s cause or a recovery timeline.

Taiwan’s GDP growth accelerated to 14.36% year on year in the third quarter of 2026, up from 12.93% in the second quarter and well above market expectations of 12% and ING’s forecast of 11.4%. Gross capital formation was a major driver, as Taiwanese technology companies expanded capacity to meet strong demand linked to artificial intelligence. The figures point to robust investment and momentum in Taiwan’s tech sector, but the article does not identify direct effects on cryptocurrency markets.

Huang Licheng, known as Machi Big Brother, had his ETH long positions liquidated eight times on Hyperliquid between early morning and 8:18 a.m. on October 30. The liquidations closed a total of 510.93 ETH, worth about $1.169 million, across 93 trades. The recorded realized losses were about $31,300, with roughly $409 in liquidation fees. Hyperliquid data showed that after withdrawing about $1,419, the account balance fell to around $0.62. Machi Big Brother later deposited 250,000 USDC and reopened long positions in ETH, BTC and HYPE, with positions worth about $4.83 million. The account had reportedly lost about $7.95 million over the previous 30 days and about $37.11 million since May 2025.

Bitcoin dropped from above $80,000 to a low near $76,460 after a major Binance security breach, then traded around $77,000–$78,000. The article estimates the incident involved $6.3 billion in assets and says analysts suspect the North Korean-linked TraderTraitor group. Bitcoin is testing support near $77,000, with further levels around $75,800 and $73,000; options traders are also seeking protection against a move toward $72,000–$75,000. Market sentiment fell to a fear reading of 30. Some traders expect Binance’s use of its own funds and SAFU reserves to cover losses could create forced spot buying, while Standard Chartered’s Geoffrey Kendrick warned that uncertainty over the stolen assets could keep markets under pressure. Withdrawal access and the risk of a second wave of outflows remain key near-term concerns. Ethereum fell below $2,200, while its spot ETFs recorded $105 million in net outflows. The article says the hacker converted assets into ETH after stablecoin issuers froze more than $2.39 billion, adding to volatility and selling pressure. BNB fell more than 8% and Aave paused new borrowing and lending amid bad-debt concerns. In contrast, Hyperliquid’s HYPE rose about 20% after Intercontinental Exchange backed a plan to offer regulated perpetual contracts through Trade[XYZ]. Asian technology shares also sold off: South Korea’s KOSPI fell 3.53%, Japan’s Nikkei 225 lost 2.12%, and China’s ChiNext and STAR 50 indexes dropped 4.13% and 5.48%. Hong Kong’s Hang Seng rose 1.46%, led by consumer stocks. For crypto traders, Bitcoin’s support levels, Binance withdrawal updates, and signs of contagion across exchanges and lending markets are the main risk indicators.

Hyperliquid is moving closer to the U.S. regulated derivatives market as two major financial groups pursue different routes to offer on-chain perpetual contracts. NYSE parent Intercontinental Exchange (ICE) has agreed to acquire a minority stake in Trade[XYZ] and work with Trade[XYZ] and Hyperliquid on a U.S.-based regulated trading and clearing venue. The planned products could cover stocks, indexes, commodities and foreign exchange. ICE is also partnering with OKX on retail distribution, but the necessary regulatory approvals are still pending. Trade[XYZ] has reported more than $650 billion in trading volume since launch and accounts for over 90% of open interest across HIP-3 markets, according to the article. Payward, Kraken’s parent, plans to use its acquired CFTC-regulated entities, including Bitnomial and NinjaTrader Clearing, to deploy a permissioned Hyperliquid HIP-3* market. The framework would restrict access to approved, verified accounts. Its first version is still on testnet, and its final specifications have not been set. The two approaches could extend Hyperliquid from an offshore DeFi venue into infrastructure for regulated derivatives, while keeping U.S. market liquidity separate from offshore markets. The announcement was accompanied by a reported HYPE rally of more than 20% over 24 hours, briefly taking the token back above $90. However, approvals, liquidity arrangements and revenue-sharing terms remain unresolved, so the deals do not yet guarantee greater value capture for HYPE.

Coinbase said its prediction markets business has surpassed $200 million in annualized revenue, despite a challenging crypto market in the third quarter. Revenue from the product has grown at an 82% compound quarterly rate since launch, and daily prediction traders increased more than 60% from Q2. More than half of contracts traded in Q3 were non-sports events. Coinbase also said it received CFTC approval to list its own prediction market contracts, which could improve the business’s economics. The exchange reported $1.2 billion in revenue, unchanged from Q2 despite a 10% market-wide decline in crypto trading volume. Net income was $719 million, largely due to unrealized gains on crypto held for investment, compared with adjusted net income of $78 million. Subscription and services revenue reached $570 million, while Coinbase One subscribers rose 24% year over year to a record high.

Google parent Alphabet, Amazon and Meta have collectively lost nearly $900 billion in market value as investors question whether heavy AI infrastructure spending will generate sufficient returns. Alphabet has maintained capital expenditure guidance of up to $205 billion, while Amazon’s spending is around $220 billion. The sell-off highlights growing scrutiny of Big Tech AI spending and its potential financial returns. It may also weigh on sentiment toward AI companies such as Anthropic, whose valuation is being monitored in prediction markets. The article gives no specific details on the valuation outcomes or market odds.

Chainalysis says the $6.4 billion Binance exploit is likely the work of TraderTraitor, a North Korean cybercrime group. The assessment is based on on-chain activity, including funds from the Binance theft mixing with assets linked to a previous Bitget exploit attributed to North Korean actors. The attack began on October 29, with unauthorized transfers from Binance hot wallets across multiple blockchains. The attacker attempted to convert $500 million in stablecoins into harder-to-freeze assets, swapping $325 million into $285 million worth of ETH before freezes began. Chainalysis says about $2.8 billion has been frozen through coordinated efforts by investigators, law enforcement, stablecoin issuers and industry partners. Investigators report thousands of transactions and repeated transfers between addresses, patterns that suggest automated laundering. The investigation is ongoing, and Chainalysis expects the stolen funds to keep moving. The exploit raises security and counterparty-risk concerns for crypto traders, while the scale of the freezes shows that rapid coordination can limit some losses.

EMCD Coinhold Wallet reported that new sign-ups from Latin America rose 108% in Q3 2026 from the previous quarter, while sign-ups from Africa increased 98%. The company said its platform holds more than $70 million in total value and offers digital-asset storage, transfers, conversions and reward products. The growth comes as stablecoin use and wider crypto activity expand in both regions. Chainalysis data cited in the announcement put Latin America’s crypto activity at $593.8 billion from July 2025 to June 2026. Sub-Saharan Africa received more than $205 billion in on-chain value between July 2024 and June 2025. EMCD Coinhold Wallet also offers a USDT-funded payment card in supported locations. The figures are company-reported sign-up growth, not evidence of equivalent increases in active users or trading volume. The announcement does not point to a direct change in cryptocurrency prices.

Ripple says its Ripple Payments service has helped Water.org, co-founded by Matt Damon and Gary White, cut cross-border transaction fees by up to 66%. The nonprofit has transferred more than $3.2 million across four markets, with settlement in Mexico and Brazil shortened from two or three days to the same day. Ripple Payments also enables processing around the clock, helping Water.org move funds to local lending partners faster for water and sanitation loans. Ripple awarded Water.org a $1.25 million grant in RLUSD through its Stablecoin Impact Fund. The funding is intended to support stablecoin-enabled WaterCredit disbursements in Indonesia, the Philippines and Uganda. Ripple has separately committed $6 million over three years to Water.org’s financial inclusion programs, and Water.org plans to use Ripple’s Wallet-as-a-Service technology. The partnership highlights adoption of Ripple’s payments infrastructure and RLUSD, but does not necessarily create demand for XRP. Ripple Payments, RLUSD and XRP are separate components, and payments processed through Ripple’s system do not automatically use XRP for settlement.

Binance co-CEO He Yi said the exchange’s annual revenue is sufficient to cover its losses, so Binance does not currently need to sell its SpaceX shares. Her statement offers reassurance about Binance’s finances, but the report provides no figures on the losses, annual revenue or value of the SpaceX holding. The comments alone do not establish how the exchange’s financial position may change.

A wallet of unknown ownership transferred 250,000 HYPE to Bybit at 17:42 Beijing time on 30 October. The tokens were worth about $22.85 million at the time, and the transaction was confirmed. The receiving address is labelled as a Bybit wallet. The HYPE transfer puts a sizable amount of the token on an exchange, where it could potentially be sold, but the transaction alone does not confirm the holder’s intentions.

USDD reported growth in circulating supply, total value locked (TVL) and treasury revenue in Q3 2026. The stablecoin’s circulating supply exceeded $1.48 billion on October 29, while protocol TVL reached $2.18 billion. The article says USDD had the largest market-cap increase among the top 10 stablecoin issuers during October 12–19, adding $180.3 million. USDD’s Q3 treasury revenue rose 26.7% quarter over quarter to $9.70 million, and its treasury balance reached $31.24 million. Its Smart Allocator generated $9.11 million in Q3 income, according to the report. The project is expanding USDD integrations across TRON, Ethereum and BNB Chain. It also highlighted DeFi earning options and transfer services through platforms including Binance Wallet, Gate DEX, GasFree and TokenPocket. USDD said Ethereum held $329.94 million, or about 22.3%, of its circulating supply. The figures and performance claims are reported by the project and do not establish future demand or returns.

This guide compares five dedicated crypto prop firms: Leveraged, HyroTrader, Breakout, WenCrypto and Crypto Fund Trader. It assesses entry costs, evaluation targets, drawdown limits, trading platforms, profit splits and payout methods. Leveraged charges $8.88 to start and collects its activation fee only after a trader passes. Its crypto program runs on MetaTrader 5 and cTrader, has a 6% profit target and offers an 80% profit split. HyroTrader supports exchange-based perpetual futures trading through Bybit and offers splits of up to 90%. Breakout provides on-demand payouts and static drawdown limits. WenCrypto has a low-cost pay-after-passing option, while Crypto Fund Trader’s profit split can rise progressively to 90%. The article says there is no single best crypto prop firm. Traders should compare the total cost if they pass, platform compatibility, loss limits, leverage and funded-account payout rules. Fees and program conditions can change, so traders should check current terms before signing up. These services generally use simulated accounts and have firm-specific evaluation and risk rules.

Uniswap (UNI) fell 3.99% to $6.73 on October 30 after the attacker behind the Binance hack sold 7.02 million UNI tokens for about $39.63 million. The sale was part of a wider operation involving seven altcoins; the attacker converted the proceeds into 70,480 ETH, worth around $158.25 million. UNI recovered from an intraday low near $6.27 but remained down 7.62% over seven days and 23.48% over the past month. Traders are watching support at $6.25–$6.50, with resistance near $7.00 and $7.50. Standard Chartered analyst Geoffrey Kendrick said the security incident could encourage traders to use decentralized exchanges such as Uniswap, and maintained a $100 UNI price target for 2030. However, near-term momentum remains weak, with a slightly negative money-flow reading and further market weakness possible.

Anthropic was identified as SpaceX’s largest customer in the third quarter, accounting for 34.5% of revenue, or about $5.03 billion. SpaceX’s SEC filing called it “Customer B” and did not name the company; Bloomberg cited people familiar with the matter. The customer’s share was below 10% a year earlier. The revenue came from SpaceX’s Super Intelligence (SI) division, which generated $7.56 billion in the quarter. Anthropic therefore represented roughly two-thirds of SI revenue. SpaceX reported total third-quarter revenue of $14.58 billion. Anthropic’s October S-1 filing disclosed computing-capacity agreements with SpaceX.AI worth up to $120.5 billion, extending to 2029. The contracts’ non-cancellable periods end in January and March 2027. After that, either party can terminate with 90 days’ written notice. Once all capacity is delivered, the combined monthly fees are expected to be about $3.1 billion. The disclosure highlights both the rapid growth of SpaceX’s AI infrastructure business and its reliance on a single major customer. For traders, the concentration and termination terms are relevant to assessing SpaceX’s future revenue stability, though the report has no direct cryptocurrency-market catalyst.

A proposed US permitting bill has drawn criticism from a prominent Democrat, who warned it could spark a “gold rush for gas.” The Bipartisan American Affordability and Jobs Act of 2026 is under discussion in the Senate, but some Democratic senators say they want clean-energy grants restored before supporting it. The permitting bill could affect energy policy and expectations for future fossil-fuel supply. The article says traders may view a rise in gas exploration and production as supportive of greater oil supply and potentially lower oil prices, although it provides no direct evidence of a change in production forecasts. Prediction-market odds tied to oil prices and control of the Senate were described as fluctuating; the article gives no clear market-price data beyond a term-structure table. A procedural vote is expected on November 9. Changes in Senate support, global supply conditions and geopolitical developments could shape the bill’s prospects and energy-market expectations. The story has no direct cryptocurrency catalyst.

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.