Crypto News

Binance says it has replenished about 98% of assets affected by its security incident and will cover all losses from the theft. The exchange has reserved more than the required value from its own funds and is still acquiring the remaining 2%, which consists of less-liquid tokens, through market and over-the-counter channels. Binance also took a proof-of-reserves snapshot on 4 November covering 44 tokens, up from 10 previously. Generating the zero-knowledge proof is expected to take 50–60 hours; users will then be able to check whether their balances have at least 1:1 reserve backing. Binance says it is continuing efforts to restore withdrawals fully. The recovery and expanded reserves disclosure may reassure users, although the timing of full withdrawal services and the remaining asset purchases remain relevant to confidence in Binance.

Riot Platforms completed its Bitcoin custody transfer from NYDIG Trust Company to BitGo Bank & Trust on October 29, ending an agreement that began in November 2023. The company said it paid no early termination penalty. Under the new terms, BitGo holds Riot’s assets in segregated accounts, and Riot can leave with 14 days’ notice without a fee. Earlier reports linked the custody change to Riot repaying a $200 million Coinbase credit facility and releasing Bitcoin previously pledged as collateral. The transfer amount and Riot’s reasons for changing custodians were not disclosed. Riot sold 20,264 BTC in the first nine months of 2026 for about $1.5 billion and held 2,418 BTC, worth roughly $202 million, at September’s end. Its contracted data center capacity reached 1,151 megawatts as it shifts resources toward expansion. The custody move itself does not signal a change in Bitcoin ownership or an immediate sale, but Riot’s Bitcoin sales and data center strategy remain relevant to traders tracking miner supply and Bitcoin-market exposure.

Bitcoin recovered to about $78,300 after falling to $75,618 on election night, as traders appeared to have priced in the Democrats’ control of both chambers of Congress. Heavy call buying on election day supported the rebound, but Bitcoin now faces resistance near $82,000. US spot Bitcoin ETFs recorded roughly $1.16 billion in outflows over three sessions, and BTC remained about 27% below its level a year earlier, highlighting continued demand concerns. The election result could complicate US crypto policy. The CLARITY Act may have a limited window to pass before the new Congress begins on Jan. 3, while incoming committee leaders could scrutinise Trump-linked crypto ventures and regulatory decisions. The GENIUS Act is still scheduled to take effect on Jan. 18. Although crypto-related election spending exceeded $170 million, several industry-backed candidates lost. For Bitcoin, the immediate price response suggests the political outcome was largely anticipated; ETF flows, macroeconomic conditions and uncertainty over future regulation remain important drivers.

Bitcoin rebounded from below $76,000 to about $78,300 after clearer U.S. midterm election results eased political uncertainty. Reports that Democrats had won both chambers initially weighed on BTC, as a Democratic-controlled Congress was seen as less supportive of pro-crypto legislation. Analysts noted, however, that divided government could limit major policy changes, while President Donald Trump retains executive and veto powers. Bitcoin options block trading reached about $660 million in notional value on election day, more than twice the previous day. Reports cited roughly $420 million in call options bought and $105 million sold, alongside another $230 million in call buying. The activity points to demand for upside exposure, although options can also be used to hedge or trade volatility. Bitcoin’s daily stochastic indicator was described as oversold, with one analyst identifying $82,000 as a possible target. Nasdaq futures also turned positive after falling more than 2%. The rebound suggests election-related volatility may be easing, but the longer-term outlook for U.S. crypto legislation remains uncertain.

NEAR Mobile says its wallet has surpassed 1 million downloads and ranked among Finance apps in 38 countries over a recent 31-day period. It placed first in Serbia, second in Hungary, and fourth in Moldova and Oman, according to company-cited app rankings. Version 4.0.0 adds gasless transactions for supported actions, including cross-chain swaps powered by NEAR Intents, with NEAR Mobile covering relayer fees. The self-custodial wallet provides access to more than 120 assets across 35-plus blockchains, with unified balances intended to reduce manual bridging and the need to hold each network’s native token for fees. The announcement says NEAR Intents has processed more than $33 billion in cumulative volume. NEAR Mobile also supports NEAR and NPRO staking, with the release citing up to 8.58% APY for NPRO, as well as wallet recovery. These adoption and product claims come from a company announcement; the update does not indicate direct changes to NEAR’s token economics.

Riot Platforms sold 10,599 BTC in the third quarter, reducing its holdings from 11,380 at the end of June to 2,418 by 30 September, a fall of nearly 79%. The company sold 20,264 BTC in the first nine months of 2026 for about $1.5 billion, mainly to fund data centre development. It also repaid and terminated a $200 million Coinbase credit facility, releasing all pledged bitcoin. Riot Platforms reported third-quarter revenue of $181.4 million, up about 1% year on year, but net income fell to $4.03 million from $104 million. It mined 1,637 BTC, while mining revenue declined about 28% to $116 million as the average bitcoin price fell. The sales are part of Riot’s shift from bitcoin mining towards digital infrastructure. The company signed a 15-year lease for the full 910 MW capacity of its Corsicana, Texas, site with an unnamed AI lab. The contract is worth about $28 billion, potentially rising to $54 billion if extension options are exercised. Riot expects the project to require about $5.5 billion in capital investment, with capacity delivered in stages from September 2027 to July 2028. Across its contracts, Riot now has 1,151 MW of capacity and about $38 billion in long-term contract revenue. For BTC traders, the sizable sales add a supply-related headwind, while the completed shift in strategy and the company’s infrastructure contracts provide context for the disposals.

US ADP employment rose by 86,000 in October, beating the market forecast of 69,000, according to Odaily. The stronger-than-expected ADP employment reading offers a snapshot of the US labor market but does not alone confirm a broader trend. It may affect expectations for Federal Reserve policy and interest rates. Crypto traders can watch bond yields, the US dollar and upcoming labor-market data for confirmation; the report cited no direct impact on digital-asset prices.

French banking group Crédit Mutuel Arkéa confirmed fraudulent transactions after blockchain investigator ZachXBT linked it to a suspected crypto theft exceeding $133 million. The bank did not disclose its losses or whether the stolen assets were fiat currency or cryptocurrency. It said clients were protected, some transactions were temporarily suspended and authorities were notified. The Crédit Mutuel Arkéa crypto theft remains under investigation, and the attacker’s identity is unknown. Bitquery traced $108.8 million in USDC withdrawals from Kraken, Crypto.com and OKX to 15 wallets over 21 hours on November 1 and 2. ZachXBT later identified another $27 million in exchange withdrawals, putting the suspected total above $133 million; the final figure could be higher if over-the-counter trades are included. The funds moved through hundreds of wallets and were routed via instant exchanges, Monero and cross-chain bridges. Much of the USDC was converted to ETH, with about $61 million still on Ethereum in addresses linked to the suspected attacker as of November 3. Tether froze about $1.14 million in USDT, while Circle had not frozen the remaining $2.53 million in USDC by November 2. Crypto.com said it blocked funds linked to the incident and that customer funds remained secure. ZachXBT said available laundering indicators did not point to North Korea-linked Lazarus Group. The Crédit Mutuel Arkéa crypto theft adds to concerns about exchange security, but the full scope and method of the incident remain unconfirmed.

Democrats’ projected gains in the US midterms have since been reported as giving the party control of both chambers of Congress, raising uncertainty over US crypto regulation and the CLARITY Act. Senator Elizabeth Warren may lead the Senate Banking Committee, while Representative Maxine Waters is expected to chair House Financial Services—positions that could give critics of parts of the crypto industry’s agenda more influence. Sherrod Brown won re-election in Ohio despite more than $64 million in crypto-related spending against him; crypto-linked groups had spent about $176 million across more than 100 congressional races by October 20. The CLARITY Act, which would set a federal framework for digital asset markets, failed to advance in a September procedural vote, receiving 49 votes against 50 and falling short of the 60 needed. Democrats have called for stronger consumer protections, illicit-finance controls and ethics rules. The election does not settle the bill’s fate, but could make passage harder or change its provisions. Earlier expectations of bipartisan support for targeted measures, including tax legislation, remain a possible counterpoint, although lobbyists are less confident about broader market-structure legislation. For crypto traders, the shift points to prolonged US regulatory uncertainty and could weigh on sentiment toward crypto firms and tokens. Democratic lawmakers may also scrutinise the Trump administration’s crypto-related business ties and regulatory decisions.

The UK FTSE 100 rose from 10,652.18, up 0.7% from the previous close, to 10,801.96 in the later report, a 1.0% gain over 24 hours. The FTSE 100’s continued advance signals strength in UK equities, but neither report explains the reasons for the move. The data provides no clear indication of a direct effect on cryptocurrency prices.

Binance co-CEO Yi He said on 4 November that the exchange accepts criticism of its security and access controls, and that protecting user funds is its primary responsibility. She said Binance would take full responsibility for any shortfall in user funds. After disclosing a security incident to share lessons about social engineering and AI access risks, Binance reworked departmental permissions and security boundaries, reset devices and AI tools, and strengthened safeguards based on zero-trust and least-privilege principles. Binance plans to publish a security audit report and has invited AI security specialists and technical experts to review its systems. The changes put Binance’s access management and AI security under scrutiny, although the announcement does not indicate a direct change to user funds.

Anthropic is showcasing Claude chip design capabilities to prospective IPO investors, expanding its pitch beyond AI models and computing costs. Its 15-person hardware team uses Claude in work on the company’s own chips, and engineers say some tasks took less time than they expected under traditional chip-development processes. No specific time savings or completed silicon have been disclosed. The company has reportedly approached electronic design automation (EDA) firms about access to proprietary design data, but has not announced plans to sell Claude chip design tools. A commercial offering could put Anthropic in a market estimated at more than $10 billion; Synopsys and Cadence together generate about $16 billion in annual revenue. Their shares fell around 4% intraday on 3 November after the news. OpenAI has taken a more formal route, signing a multiyear agreement with Synopsys to develop models that operate its EDA tools, with revenue sharing and joint marketing planned. Anthropic’s reported use of Claude remains internal, and its chip-development timeline is unknown. The news points to growing competition in AI-assisted chip design, but has no clear direct effect on cryptocurrency prices.

A large trader on Hyperliquid added about $7.62 million to Anthropic-linked short positions between 12:29 and 18:03 Beijing time on 4 November, bringing total exposure across the contracts to roughly $36.18 million. The trader added about $7.46 million to ANTH, Entropy’s pre-listing contract, increasing the position by around 35.7%, and about $164,800 to ANT, a contract deployed by Trade.xyz. The ANTH short was valued at about $29.80 million, with an unrealised loss of roughly $1.08 million. The ANT short was worth about $6.38 million and showed a loss of about $383,800. Both positions used 6x isolated leverage, for a combined unrealised loss of around $1.46 million. The address was the largest single short across the two Anthropic-linked contracts. The concentrated Anthropic short signals a sizeable directional bet, but these contracts’ activity alone does not establish a broader crypto-market trend.

US midterm elections could slow crypto market-structure legislation, including the CLARITY Act, as a divided government makes new laws harder to advance. Huobi HTX chief analyst Andy says the elections are not the main driver of crypto prices. Existing stablecoin legislation is unlikely to be reversed, but the industry may rely more on SEC and CFTC regulatory changes, leaving policy uncertainty elevated and potentially pressuring projects priced for looser oversight. In the short term, the US midterm elections could weaken risk appetite and add to crypto volatility, including the risk of leveraged liquidations. However, constrained fiscal expansion could lower Treasury yields and improve liquidity. Andy says traders should focus more closely on Federal Reserve policy, ETF flows and US equities. Over the medium term, better liquidity may support valuations, particularly for stablecoin payments and real-world asset (RWA) tokenisation projects with genuine demand.

Binance co-founders Changpeng Zhao and Yi He shared an anonymous X post alleging a coordinated social media campaign during the exchange’s response to a recent hack. The author claimed 1,083 accounts published 11,700 hostile posts in about 78 hours, generating roughly 20.93 million impressions. The post classified 3,354 messages as misinformation, including claims of insider involvement, insolvency and withdrawal restrictions. It also said 452 of the 641 most active accounts showed signs of coordination, with 444 connected in one network, and that calls to withdraw immediately peaked during the phased withdrawal restart. These figures and labels have not been independently verified. The account sample and misinformation classifications were chosen by the anonymous author, and the stated 78-hour period appears to conflict with an observation window of about 87 hours. The author also said high-follower accounts drove most exposure, while accounts labelled as likely coordinated critics generated less than 1% of total impressions. Binance’s preliminary investigation said about $6.34 billion in digital assets were affected and that the company would absorb the losses. Withdrawals resumed in stages from 1 November. Binance reported net outflows of about $3.64 billion, or 2.1% of assets under management, in the first 12 hours after withdrawals restarted. The anonymous post also cited a peak of 11.2 hourly calls to withdraw immediately during the phased restart. The campaign allegations remain unproven and do not establish that any company directed the activity. For traders, the hack and withdrawal flows are relevant to exchange confidence and short-term market sentiment, while the unverified claims warrant caution.

US midterm election results have made the outlook for crypto regulation less predictable. More than $64 million in industry spending failed to prevent Democrat Sherrod Brown from returning to the Senate. Brown has called for strict consumer safeguards and could lead a committee with oversight of crypto policy, though he has not ruled out stablecoin or market-structure legislation. Several pro-crypto House Republicans lost their races, and Mike Lawler conceded, although the Associated Press had not called his district at the time. The later results also pointed to Republicans losing control of the Senate: Tim Scott was expected to become the Senate Banking Committee’s top Republican, while Maxine Waters was expected to chair the House Financial Services Committee and French Hill to serve as its top Republican. Crypto supporters Pete Ricketts and Andy Barr also won, with Barr potentially seeking a place on the Banking Committee. For traders, the results suggest tougher and less predictable conditions for crypto regulation, not a definitive halt to legislation; the impact on crypto prices remains indirect and will depend on future policy developments.

Gate’s gold (XAU) and silver (XAG) contracts ranked among the world’s top three on several trading metrics in CoinGlass data, although reported figures differ across snapshots. An earlier report cited on 3 November put Gate XAU 24-hour volume at about $641 million and open interest at $308 million, while XAG volume was about $249 million and open interest $142 million. A later snapshot recorded XAU volume of $553.4 million, second globally, with its trade count ranking third; XAG volume was $297.06 million and its 87,540 trades both ranked third. In that later data, total open interest across exchanges was about $2.047 billion for XAU and $641 million for XAG. Gold and silver prices were slightly lower in the later snapshot, at $3,948.13 and $49.73 respectively. Gate’s crude oil contract also ranked third in open interest, at $137.46 million. The figures show active trading in Gate commodity derivatives, but do not provide a clear directional signal for cryptocurrency prices.

A derivatives trader with reported cumulative profits of about $142 million expanded a ZEC short position, adding 8,398.37 ZEC and bringing the total to 21,144.6 ZEC. An earlier report said the trader had sold 5,000 ZEC in a position worth about $5.6 million. In the later reported window, the address opened positions worth roughly $10.67 million and closed about $30,000. The larger ZEC short points to a significant bearish bet by one trader, but the reports do not show whether it reflects broader market sentiment or will materially affect ZEC’s price.

Bitcoin fell to about $75,600–$75,700 amid uncertainty over the US midterm elections, then rebounded to nearly $78,000 as buyers stepped in. The latest report linked the sell-off to prediction markets increasingly pricing in a Democratic sweep, which traders fear could slow or reverse crypto-friendly policy efforts. Bitcoin was still down about 4% over the week and 10% over the month. Bitcoin’s short-term holder realized price near $75,800 and its 200-day moving average around $76,000 are key support levels. Spot demand reportedly absorbed some selling from liquidations and ETF outflows, but the broader trend remains consolidative. The 50-day moving average near $80,000 is resistance; reclaiming it could open a move toward $82,000, while a daily close below $76,000 could expose support near $65,000. RSI near 41 and a bearish MACD signal point to continued downside momentum, and one analyst warned Bitcoin could revisit its bear-market low near $56,000. Election headlines may keep volatility elevated, making these levels central to traders’ risk management.

Early US midterm results first showed Democratic gains, while control of Congress remained uncertain. Later reports said Democrats had won both chambers, raising the prospect of closer scrutiny of President Donald Trump’s crypto policies. The shift could complicate the CLARITY Act, which would set digital-asset market rules and clarify SEC and CFTC oversight. Its prospects may depend on bipartisan negotiations; the election does not automatically repeal the GENIUS Act on stablecoins. Bitcoin initially fell more than 1%, briefly trading near $75,700, before recovering. A later report put BTC near $78,020, up about 2% over 24 hours, but also cited roughly $1.157bn in net outflows from US spot Bitcoin ETFs over three trading days, a technology-stock pullback and a Binance security incident. For Bitcoin traders, regulatory uncertainty and ETF outflows could limit risk appetite, while a weaker US dollar and lower Treasury yields may support liquidity. Watch congressional developments, ETF flows and whether BTC holds the $76,000–$78,000 range; broader market conditions and spot demand remain important to its near-term direction.

On 31 October, Binance said about 90% of assets affected by a hot-wallet theft had been replenished, up from an earlier estimate of 80%. Around 7,500 BTC were then moved from a Binance SAFU wallet on 3 November to an unlabeled wallet, in three initial transfers. The receiving wallet split the funds into about 150 transfers of roughly 50 BTC each, with some later consolidated and sent onward. The BTC was withdrawn from the Secure Asset Fund for Users (SAFU) to cover theft-related losses. SAFU now holds slightly more than 7,500 BTC, below Binance’s $800 million rebalancing threshold. Binance has pledged to restore the fund to about $1 billion but has provided no timeline, and has not explained the latest transfer. On-chain data does not identify the recipient, so the transfer’s purpose remains unconfirmed.

CertiK is expanding its digital asset security work in the UAE, with local staff and partnerships involving Abu Dhabi’s Hub71 and Gate Dubai. Eligible Hub71 startups can access discounted security services and free CertiK Compliance tools to support licensing preparation and ongoing regulatory compliance. In March 2026, CertiK verified that Gate Dubai held at least 100% reserves across 10 digital assets as of 31 December 2025. CertiK also identified five security incidents in 2026 that originated in the UAE or involved UAE-registered entities. Four incidents caused about $8.02 million in documented losses; losses in the fifth case remain unconfirmed, and incomplete reporting could mean the total is higher. At the Dubai FinTech Summit, CertiK executive Jason Jiang said institutions need continuous security and compliance, not just regulatory approval. The developments point to rising demand for digital asset security and risk management as UAE institutions expand their crypto operations.

XRP wallets holding at least 1 million tokens reached 2,147, their highest count in 2026, according to Santiment. The number rose by 28 in 10 days, including 18 in the final three days. The earlier report said XRP traded in a narrow $1.20–$1.25 range during the increase; the later summary provided no updated price data. Santiment also recorded 7,934 new XRP Ledger wallets on 1 November, the sixth-highest daily total of the year. The rising XRP whale-wallet count may signal accumulation, but wallet numbers do not confirm net buying or show whether separate investors control the addresses. Santiment described a more constructive setup if the count stays above 2,140 and XRP reclaims $1.30, followed by $1.40. The signal is not a guarantee: in a similar episode, large-holder wallets increased while XRP’s market capitalisation fell 29%.

Bitcoin is trading above $77,000 after a weak start to the week, with its near-term outlook still fragile. The key level is the 200-day EMA at $76,466: a sustained daily close below it could deepen the decline and prompt further selling. Bitcoin has moved above the 100-day EMA near $77,770, but faces resistance at $78,760 and around $80,000, where the 50-day EMA sits near $79,997. A sustained break above $80,000 could improve the outlook and bring $85,000 resistance into focus. Momentum remains mixed: the daily RSI is near 40, while MACD is below its neutral line. Traders are watching support and resistance for confirmation of Bitcoin’s next move.

Ripple CEO Brad Garlinghouse said RLUSD is intended to compete with other stablecoins, not XRP, and that he wants RLUSD use cases to run on the XRP Ledger (XRPL). His remarks reinforce Ripple’s view that RLUSD and XRP can serve different purposes on the same ledger. They followed comments from XRP community commentator WrathofKahneman, who said greater RLUSD liquidity could improve XRPL’s utility, while noting that the effect on XRP’s price may be limited if transactions do not directly use XRP. The discussion adds to debate over whether RLUSD will expand the XRP ecosystem or displace XRP in some payment flows. No adoption figures or market-impact data were provided, and whether RLUSD growth will drive broader XRP use remains uncertain.

Hyperliquid’s HYPE token is facing rising near-term correction risk after failing to extend its rally. Following a move to about $97 on 29 October—after ICE announced a partnership with Hyperliquid to launch a regulated US perpetual futures market—HYPE fell 14.19% over six days. It had previously gained nearly 10% in a week despite a broader market pullback, but was later trading below its recent high near $98. Analyst Ali Martinez says a potential head-and-shoulders pattern could point to a roughly 22% correction if HYPE closes a 12-hour session below the $76–$78 neckline. That break could open the way to targets around $62 and $59; another analyst has also identified $76–$77 as key support. Trading data points to a liquidity pocket near $74, while six consecutive days of positive exchange netflows in CoinGlass data suggest more HYPE may be moving onto exchanges and becoming available for sale. A recovery above about $90 would weaken the bearish setup, and the pattern is not confirmed unless support breaks. For traders, the signals raise downside risk in the short term, but do not yet confirm a lasting trend reversal. HYPE’s broader weekly trend may remain bullish, leaving room for a retracement rather than a deeper reversal. Bitwise CIO Matt Hougan noted that in 2026 the median return among the top 20 crypto assets was -15%, versus an average gain of 14%, with HYPE, NEAR and ZEC among the stronger performers.

Microsoft Copilot’s speculative NEAR price forecast has been given a specific adoption premise: major technology companies and AI research institutions would use NEAR for a decentralized AI-agent network and data marketplace. Under that scenario, NEAR could reach $45–$80 by 1 January 2027, with a stretch target above $120. The article says coordinated adoption is currently unlikely, so these AI-generated figures are not a base-case forecast or evidence of stronger fundamentals. The article places NEAR in a consolidation range around $3.75–$4.00, while listing support at $4.20–$4.30 and $3.80–$4.00, and resistance at $5.00–$5.50. A sustained break above $6–$7 would be a stronger technical signal; broader liquidity and institutional demand are also relevant. The cited levels should be checked against live market data. The article additionally promotes LiquidChain, a cross-chain Layer 3 project. It reports a presale price of $0.014971, more than $988,000 raised toward a $1 million target, and staking APY above 1,100%. These figures are project-reported, and its execution remains unproven. For NEAR traders, the AI adoption thesis is a possible long-term catalyst, but price action and real adoption—not the forecast alone—remain key.

XRP’s four-hour Bollinger Bands have tightened to their narrowest levels since August, and the latest chart shows the price moving above the upper band. Analyst Ali Martinez says this could signal a bullish breakout as volatility expands, but the direction is not confirmed. He identifies a four-hour close above $1.27 as bullish and below $1.23 as bearish, with the range between them a no-trade zone. XRP was recently around $1.28, up from about $1.25 in the earlier chart. A similar squeeze in August preceded a rally of nearly 71% in three days, but past performance does not guarantee a repeat. Traders may watch for a confirmed close beyond either threshold; the setup could bring short-term volatility without establishing a sustained trend.

Broadcom (AVGO) remains a Buy, with AI chip growth supporting the investment case but profitability and financial risks in focus. Earlier analysis highlighted its acquisition strategy, VMware integration, strong free cash flow and debt repayment capacity; it also flagged rising customer concentration, $201 billion in off-balance-sheet purchase commitments and $179.2 billion in remaining performance obligations. The later analysis adds that acquisition-related amortisation and stock-based compensation may make headline earnings multiples overstate Broadcom’s valuation. AI custom-chip revenue is expected to double, although lower margins and reliance on a small group of customers could mean profits grow more slowly than sales. A reported $43 billion financing backstop is another exposure to monitor. Investors are watching the December gross-margin report for evidence that AI demand is translating into stronger profitability. For traders, Broadcom’s AI outlook offers a growth catalyst, but customer concentration, margins, acquisition execution and financing commitments could drive volatility.