Crypto News

Bitcoin fell to about $76,917 on 30 October, down 4.98% over 24 hours, ahead of a major Bitcoin options expiry on Deribit. Updated data put the expiring BTC options’ notional value at about $10.39 billion, alongside roughly $783 million in ETH options. Many calls are concentrated at $90,000–$100,000 and are out of the money at current prices, leaving them at risk of expiring without intrinsic value. Deribit’s Jean-David Péquignot said short-dated 25-delta put implied volatility exceeded call volatility by more than 10 volatility points after BTC dropped below $80,000. That skew suggests traders are paying more for downside protection. The 30-day DVOL stood near 36, above realised volatility of about 31, indicating expectations of increased volatility. BTC futures open interest was around $53.09 billion, with $107.99 billion in 24-hour futures trading volume. These figures are distinct from options notional value and should not be added together or mistaken for expected liquidations. Traders are watching whether Bitcoin can regain the $78,000–$80,000 range and whether post-expiry hedging adds to short-term price swings.

A 43-minute Chinese-language Space hosted by crypto veteran Chandler Guo highlighted traders’ concerns about Binance withdrawals, wallet security and market volatility. The discussion addressed fears of a possible Binance hack and withdrawal delays, but these were claims raised by participants, not a confirmed incident. Reassurance that a large exchange could compensate users did not resolve concerns about when holders could access their funds. Participants also debated self-custody risks, including wallet software and key-generation security, and whether ordinary users can assess those risks. Despite the uncertainty, some traders saw potential for a short-term rebound, citing the easing of leveraged selling, short covering and returning market liquidity. That optimism did not establish that prices had reached a durable bottom. One participant described plans to borrow against staked SOL to increase exposure by about 10%, while unstaking was underway. The idea drew questions about borrowing costs, SOL’s volatility and liquidation risk; no agreed safety buffer was identified. Overall, the conversation showed that interest in buying SOL can persist alongside worries about exchange access, custody and further market declines.

CoinKarma founder Benson Sun says roughly $2.5 billion in assets—about half of the amount Binance says was stolen—has been frozen. He argues that stolen BTC may be difficult to move or sell because the addresses can be tracked and Bitcoin has fewer deep-mixing options than Ethereum. Past thefts also suggest stolen BTC can remain dormant for years. Sun therefore expects little short-term selling pressure from the BTC, and says Binance could later need to buy BTC if it uses its SAFU fund to cover losses. By contrast, some stolen tokens were reportedly converted into ETH and sent through Tornado Cash, making them harder to trace. Sun estimates that potential ETH-related selling pressure could reach the tens of billions? No—around the low billions of dollars. These are the author’s estimates, not Binance’s confirmed forecast. The incident may still weigh on market confidence and renew attention to crypto security.

Partners Group’s Next Generation Infrastructure fund has launched on Pendle in the form of NGI+, through Asseto Finance. Partners Group manages $186 billion in private-market assets, while the fund holds about $2.5 billion in energy and digital infrastructure assets, including power-generation facilities and data centres. It also co-invests alongside Partners Group’s flagship direct infrastructure investments. The Pendle platform lets users split, trade and lock in yield from NGI+. The launch brings tokenised exposure to infrastructure assets onto a decentralised finance platform, but the announcement does not specify expected returns or the terms and risks of the product.

Lookonchain reported that nine newly created wallets received 1,900 BTC from Galaxy Digital over a four-hour period. The transfer was valued at about $148 million. The movement came as the market was falling, and Lookonchain described it as whale buying. However, an on-chain transfer alone does not confirm that the BTC was newly purchased or reveal the recipients’ intentions. Traders may watch for further wallet activity and changes in BTC exchange flows for clues about potential selling or long-term holding.

Kraken reported problems affecting users connecting to its platform and placing orders through web, mobile and API services. The outage comes as Aave markets are paused. An analyst cited an alleged Kraken exposure of more than $130 million related to Aave and speculated that the exchange could face liquidity pressure. Kraken has not confirmed a liquidity crisis, and the reported exposure and its implications remain unverified. Traders may watch for service updates, withdrawal status and further information about Kraken’s Aave-related positions.

Trader Killa says the Binance hack could mark the final major low before a strong crypto market rally. He says he still holds a Bitcoin (BTC) long position opened near $76,400 and expects the current pullback to remain below 20%. Bitcoin is about 13% off its recent high. Killa urged traders to stay calm amid market pressure and FUD, and noted that the Binance hack coincides with the US midterm election period. His view is a trader’s opinion, not confirmation that the market has bottomed.

Gemini co-founder Cameron Winklevoss said Zcash does not need a redesigned governance system. He argued that token-holder voting is an on-chain version of a mechanism used in capital markets for centuries, and said privacy—not experimental governance—is Zcash’s central mission. He also called for ending the Zcash Community Grants programme, saying it causes distraction and diverging priorities. The comments come as Winklevoss Asset has filed an S-1 registration statement with the US Securities and Exchange Commission for a proposed spot Zcash ETF. The fund would hold ZEC directly, trade on Nasdaq under the ticker WINK, charge a 0.25% fee and use Gemini Trust Company as custodian. The governance remarks may shape discussion around Zcash’s priorities, while the ETF filing could be a longer-term source of market interest; the article reports no immediate trading impact.

The Binance hack left the attackers with an estimated $3.1 billion in assets they could still move, including about 18,270 BTC and 492,000 ETH. XRP, TRX and SOL also make up significant holdings. Blockchain analysts say the BTC, XRP and SOL have not moved, though Binance has not confirmed that these assets belong to the attackers. Most Ethereum-based stablecoins and altcoins were converted into ETH. Tether and Circle froze large amounts of USDT and USDC, while Arbitrum’s security council moved assets out of reach. Binance said it had verified about $3 billion in frozen funds; other estimates varied. The incident could keep traders focused on potential selling pressure from the remaining assets, as well as on exchange security and the effectiveness of issuer freezes.

CoinJar has listed Pump.fun’s PUMP token on its retail platform and CoinJar Exchange. Customers can buy, sell, store and send PUMP, view real-time market data and set price alerts. CoinJar Exchange also provides advanced order types and access to deeper liquidity. The listing gives PUMP another trading venue, but CoinJar has not reported specific trading volumes or other market data related to the launch. PUMP is the native token of Pump.fun, a Solana-based platform for creating and trading tokens that has expanded to include social features and the PumpSwap decentralised exchange. Pump.fun uses part of its fees to buy PUMP on the open market and burn the tokens. PUMP has a fixed maximum supply, but the CoinJar listing itself does not change its tokenomics or the platform’s activity. CoinJar also flags risks including smart contract vulnerabilities, regulatory changes, project failure and data-source issues.

The crypto market faced heightened security concerns after Binance estimated losses of about $6.3 billion in a security incident, while saying roughly $3 billion in assets had been frozen. Binance said it would cover losses through its SAFU fund and corporate funds, and temporarily suspended deposits and withdrawals as it investigated. The reported scale and cause remain subject to the company’s ongoing investigation. Polymarket also paused trading after a breach at a third-party service provider. The platform said affected users would be fully reimbursed; blockchain analytics firm Bubblemaps estimated that more than 700 users lost about $2.7 million. The incidents may prompt traders to reassess exchange, wallet and platform risks. Price action was mixed. HYPE rose more than 13% to above $90 despite reports that a large holder had sold 694,310 tokens worth about $53.3 million over five days. Bitcoin climbed above Strategy’s 2026 purchase-cost level of $78,900, but remained below the estimated $90,600 cost basis for its purchases since 2025. Separately, ZachXBT said AXIS insiders had sold tokens linked to a sharp 40% decline; Axis Robotics denied that team or investor allocations were sold. Institutional and regulatory developments offered a longer-term counterpoint: ICE plans to work with Trade.xyz on a US derivatives platform, subject to CFTC approval, and Galaxy Digital applied to establish a federally regulated trust bank. Overall, security risk is the immediate trading concern, while adoption initiatives may support the crypto market over the longer term.

MistTrack has launched KYA Batch Screening and Tracing Canvas to support crypto compliance and on-chain investigations. KYA Batch Screening lets teams upload wallet addresses in bulk, review risk scores and suspicious transaction reports, and export results. Addresses are grouped into Severe, High, Moderate and Low risk categories to help prioritize reviews. Tracing Canvas maps upstream and downstream fund flows in an interactive graph. Its AI Smart Tracing feature filters paths by criteria such as transaction amount, date, tracing depth and links to exchanges or entities. Path Finder searches for visible fund paths between specified addresses within selected networks, time ranges and search depths. MistTrack cautions that not finding a path does not rule out other connections. The update adds workflow tools for risk screening and blockchain forensics, but the announcement does not report adoption figures, revenue or changes to any cryptocurrency. Its direct implications for crypto prices and trading activity are therefore limited.

The PREDICT TGE and claims for the Season 1 airdrop have been postponed, according to an announcement by predict.fun on X. The delay follows the postponement of PREDICT’s Binance Alpha and spot trading launch. The project said it will announce a new claim date and time once confirmed, and apologized to users. Until then, traders and airdrop recipients have no confirmed timeline for the PREDICT token launch or claims.

Blockchain investigator ZachXBT said the attackers behind the Binance security incident may be North Korea-linked Lazarus Group. He made the comment on X in response to a question about the attackers’ identity. The attribution remains unconfirmed, and the report provides no further evidence or details about the incident. The possibility of a state-linked hacking group being involved adds to security concerns around Binance and could weigh on trader confidence until more information is available.

Bitget has listed perpetual contracts for Fortinet (FTNT), the iShares MSCI Brazil Small-Cap ETF (EWZS) and Pfizer (PFE). The USDT-settled contracts support leverage of up to 20x and trading 24 hours a day, seven days a week. Bitget now offers 392 stock contract markets. The new Bitget stock perpetual contracts expand access to leveraged trading in individual equities and an ETF, but the announcement does not specify trading volumes or user demand.

Coinbase and Deribit have completed internal security reviews and report that their assets are safe, with no related risks identified. Lin Chen, Deribit’s Asia-Pacific business lead, shared the update on X. The statement may reassure traders, but it provides no further details about the reviews or the risks assessed.

Crypto commentator Seven Research says the Binance hack could disrupt market makers and quantitative trading firms that keep much of their capital and margin on Binance. If withdrawals are suspended, firms may be unable to move funds to meet margin calls at other venues, potentially forcing them to unwind positions elsewhere. The commentator suggests this liquidity squeeze may help explain why SOL and other altcoins saw sharp moves, despite the stolen assets being Ethereum-related. The proposed link is an analyst’s view, not a confirmed cause of the price action.

Binance.US CEO Steve Gregory said customer funds are held separately and were not affected by the reported Binance hack. He said Binance.US and Binance are independent entities with no shared asset custody arrangements. The statement aims to reassure Binance.US customers, although the article provides no further details about the incident or any independent verification of the custody arrangements.

Binance is investigating unusual fund movements after about $3 billion in crypto assets were frozen in coordination with law enforcement, stablecoin issuers and blockchain security firms. The figure was about $2.54 billion at 7:22 a.m. Taiwan time on 30 October and may rise as investigations continue. Tether froze about $1.567 billion in USDT, Circle more than $800 million in USDC, and Ripple about $200 million in related assets. The Binance security incident has not yet been confirmed as a theft of $3 billion. Estimates of up to $5.8 billion refer to suspected on-chain flows and may include transfers counted more than once. Frozen assets are not necessarily recovered, and Binance has not disclosed a final loss figure or full incident details. Co-founder Yi He said Binance would cover losses, while some withdrawals and Binance Alpha services were temporarily suspended for security checks. Bitcoin was trading near $77,839, down 4.22% over 24 hours, while ETH and BNB also fell. The incident may have added to market unease, but broader pressures—including technology-stock weakness, interest-rate expectations and leveraged-position liquidations—could also have contributed to the declines.

The Binance hack dominated crypto markets on 30 October. Blockchain monitoring estimated that about $5.64 billion in assets linked to Binance-labelled wallets had flowed out, while Tether and Circle had frozen at least $2.316 billion in USDT and USDC. Binance later said it had confirmed freezing about $3 billion and that customer funds were safe. Co-founder Yi He said the exchange would cover all losses. Withdrawals and deposits were temporarily suspended during security checks and the investigation. The attack intensified market stress. More than $1.1 billion in crypto positions were liquidated over 24 hours, including about $930 million in longs. Bitcoin fell 4.11% and Ethereum 4.80%; most other major tokens also declined. HYPE and TRX rose, while HYPE was among the day’s strongest large-cap performers. Other developments included Google’s planned crypto custody service for financial institutions, a proposed US launch of perpetual futures by ICE and Trade.xyz, and France’s move to advance automatic tax-data sharing for crypto assets. The market backdrop was volatile, with the security incident and heavy liquidations weighing on sentiment.

Binance says it will cover all losses from the reported hack and has assured users that their funds are safe. Withdrawals and other services remain suspended while the exchange reviews security, freezes funds and assists law enforcement; it has not announced any compensation application process. Traders should treat unsolicited Binance compensation claims, forms and links as potential phishing scams and verify updates through the official app or website. Past incidents show how attackers exploit user anxiety: after Bybit’s 2025 hack, BforeAI found 596 suspicious domains within three weeks, while fake Trust Wallet compensation forms sought users’ recovery phrases. Avoid connecting wallets, sharing account details or transferring assets to purported “safe” wallets. The incident may unsettle Binance users, but the article’s central warning is to guard against follow-on fraud.

SlowMist CISO 23pds said investigators should focus on how the Binance theft occurred, particularly whether private keys were leaked or a signing machine was compromised. He said a private-key leak was his leading hypothesis, while stressing that the intrusion route still needs to be confirmed. He also suggested the attacker likely used a customised withdrawal tool. SlowMist recommends examining possible private-key exposure paths and identifying unusual withdrawal-tool features as part of the forensic investigation. The article provides no confirmed loss figure or final finding on the cause of the Binance theft.

Alphabet lost about $500 billion in market value after its shares fell 12–13% following underwhelming third-quarter results. The Google parent reported slower growth in search advertising revenue, while its AI Mode has yet to meet monetisation expectations. Alphabet has invested more than $50 billion in AI, contributing to negative free cash flow and raising questions about the financial cost of competing with ChatGPT and Claude. Investors will watch for changes in Google’s AI strategy, advertising performance and spending.

An ETH whale closed 36,517 ETH worth about $80.56 million to reduce liquidation risk, according to Lookonchain. The trader still holds a 56,667 ETH long position valued at roughly $125 million. The remaining position has liquidation prices of $2,122.44 and $2,129.72, while the whale’s cumulative losses have exceeded $38 million. The ETH whale’s large position reduction may add short-term pressure to derivatives sentiment, although the report does not confirm spot-market selling.

Binance says it will cover all losses linked to the incident. The crypto exchange has temporarily suspended deposits and withdrawals while it conducts security checks, freezes related funds and assists law enforcement. Binance says its team is working around the clock and will publish a full incident review after the investigation. The suspension may disrupt trading and transfers for Binance users until services resume.

After the Binance attacker reportedly sold 217.5 million ENA, worth about $33.93 million, a newly created wallet began building a long position in ENA on Hyperliquid. Lookonchain said the wallet deposited 2 million USDC and opened a 3x leveraged position of 22.78 million ENA, valued at about $4.09 million. The long position follows substantial ENA selling, but the report does not establish who controls the wallet or whether the trade is connected to the attacker.

A Binance hot wallet was reportedly drained after 50 EIP-7702 authorizations were sent to Ethereum at 04:20:59 Beijing time on 30 October 2026. The authorizations were signed by the wallet’s own private key. About three minutes and 24 seconds later, assets in the wallet were transferred in batches. The report does not specify the amount stolen or confirm the full scale of the incident. The Binance hot wallet hack could heighten concerns about exchange security and prompt traders to watch for official updates, asset freezes and short-term volatility in ETH and other crypto markets.

Anthropic is planning an IPO with four share classes that would split voting rights among its founders, a long-term benefit trust, public investors and strategic partners. The seven co-founders’ Class F shares would carry 50.1% of voting power, while Class A shares for the public, employees and other investors would be capped at 49.9%. The trust’s Class T shares would elect a majority of the board; Class N shares would have no voting rights. The article reports that prediction-market odds put the chance of an Anthropic IPO by 31 December 2026 at 94.5%. It cites a private-market valuation of $965 billion and projected IPO valuations of $1.5 trillion to $2 trillion. These are reported estimates and market expectations, not confirmed offering terms. For crypto traders, the Anthropic IPO has no direct token-market link, though the listing could influence sentiment around AI-related investments and broader risk appetite.

ZeroDev founder and EIP-7702 contributor Derek Chiang said EIP-7702 itself has no vulnerability, but its transaction-batching feature helped attackers move assets during the Binance hack. The feature lets an externally owned account use a smart contract to combine actions, such as approvals and transfers, into one transaction. Chiang said the attacker moved ETH, USDT and 62 other tokens in a single transaction, avoiding the need to submit a separate transaction for each asset. This made the theft faster, although Binance’s legitimate withdrawals were competing for the wallet’s transaction nonce and could have caused some attacker transactions to fail. To use EIP-7702, the attacker would have needed either the wallet’s private key or a signed 7702 authorization. Chiang said the latter seemed unlikely, but could not be ruled out before Binance publishes its postmortem. He stressed that EIP-7702 is not itself defective, while acknowledging that its greater account capabilities can also benefit attackers.