Crypto News

Lookonchain reported that a wallet created three months ago withdrew 69.125 million PONS, worth about $13.97 million, and 5,887 ETH, worth about $13.45 million, from OKX within 12 hours. The combined crypto withdrawals totalled approximately $27.42 million. The later account adds no new transaction details; the wallet owner and reason for moving the PONS and ETH remain unknown. The exchange outflows are notable on-chain activity, but do not confirm whether the assets will be held, traded or transferred elsewhere.

An on-chain analyst says a whale’s short position in Anthropic pre-market contracts on Hyperliquid has reached $25.43 million and is still growing. Anthropic is expected to go public in about two weeks, with an anticipated valuation of $1.75 trillion, while pre-market contracts across platforms imply a value of around $1.8 trillion. The Anthropic short reflects one trader’s view that the implied valuation may be high; it does not establish broader market sentiment or predict the listing price. No direct effect on Hyperliquid’s HYPE token is reported.

VanEck digital assets research head Matthew Sigel estimates that Bitcoin would need to average about $100,000 from now until its next halving, expected in April 2028, for a $3,459 Antminer S21 XP to break even. The estimate assumes electricity costs of $0.08 per kWh, an unchanged network hashrate and three-year equipment depreciation. For cash payback by the end of 2028, Bitcoin would need to reach about $116,000. The network hashrate is near a record high of 1,038 EH/s, while BTC is trading around $77,500. The figures underline how mining costs and competition could pressure miner profitability if Bitcoin prices do not rise. Bitcoin mining economics may also affect market watchers’ assessment of potential miner selling, though the estimates are based on specific assumptions.

The SEC’s Division of Corporation Finance added answers to its crypto FAQ on Nov. 2, clarifying how staff assess governance, control and network functionality under the agency’s digital commodity framework. The SEC crypto governance guidance says unaffiliated token holders generally do not form a controlling group if they have no agreement or understanding to act together outside the governance system. Voting alone does not make holders responsible for a project or establish a token’s regulatory status. The guidance focuses on who can put decisions into effect. Relevant powers include unilaterally changing code, restricting access, altering voting procedures, controlling validators or funds, and exercising emergency authority. Delegated voting can concentrate control even when token ownership appears dispersed, and wallet counts alone may not demonstrate decentralisation. A functional network is not necessarily decentralised. A foundation may also be viewed as a central party if it controls a network or applications built on it. The FAQ does not settle whether token-holder-elected emergency councils exercise authority independently or through governance. The SEC crypto governance guidance is nonbinding staff opinion, not a Commission rule or a determination about any specific token. Whether a controlling group exists remains fact-dependent, and the update does not itself change token trading rules. For traders, it signals possible regulatory scrutiny of governance structures and control rights, rather than an immediate market catalyst.

Hyperliquid’s HYPE token rose more than 2% within minutes after the US Commodity Futures Trading Commission (CFTC) announced that US-regulated markets could offer equity perpetuals. A later report described the move as CFTC approval, but neither account provided details on the decision or its rollout. The news may have lifted near-term optimism about regulated perpetual trading, though no direct link to Hyperliquid or confirmed increase in HYPE trading volumes was established. Traders should treat the HYPE price move as a market reaction, not evidence of a lasting change in demand.

An early Shiba Inu (SHIB) investor transferred 1.07 trillion SHIB, worth about $4.94 million, on 3 November, according to on-chain researcher EmberCN. The transfer does not confirm a sale or show that the tokens were sent to an exchange, but traders may watch for further movements that could signal selling pressure. The investor acquired about 103 trillion SHIB in 2020 for 37.8 ETH, then worth roughly $13,700. EmberCN says the holder has sold 11.73 trillion SHIB in 2021 and this year for around $74.74 million, at an average price near $0.0000064. The wallet still holds about 91.6 trillion SHIB, valued at approximately $418 million. The large balance makes future SHIB transfers relevant to market monitoring, though no sale is confirmed.

XRP linked to the October 29 Binance hack moved on November 2, but reports differ on the scale and transaction details. One account tracked 80 million XRP, worth about $101 million, transferred in two transactions 50 seconds apart to two unidentified addresses. A later report, citing crypto commentator Digital Asset Investor, said about 233.45 million XRP—valued at roughly $296 million—was split from one wallet across six newly created addresses over eight minutes, after around 80 hours of inactivity. The figures may reflect different tracking or transfers and have not been reconciled. As of November 3, the six wallets had not sent the XRP onward, and no exchange had reported receiving it; there is no confirmed evidence the funds were sold. The movements came as Binance resumed withdrawals. The exchange said it had replaced about 95% of affected assets, while customers made net withdrawals of $3.64 billion in the first nine and a half hours. The XRP is reportedly part of an attack affecting ten blockchains, with estimated total losses of about $6.36 billion. Ripple reportedly froze $40.5 million in stolen RLUSD, but native XRP cannot be frozen or reversed at the protocol level. Splitting XRP across new wallets can be a laundering step, but the transfers alone do not prove laundering or a sale. US authorities have attributed the broader attack to North Korean hackers.

Worldcoin (WLD) has weakened sharply since an earlier rebound: after falling 6.61% in 24 hours to about $0.5455 on October 22, it later extended a roughly two-week decline from $0.58 to $0.36, down more than 17% over the latest week. The newer price action puts the earlier $0.50 support and $0.596–$0.624 resistance levels out of date; traders are now watching $0.36 support, with $0.31 at risk if it breaks. A sustained move above $0.41 would be needed to improve the outlook, followed by resistance near $0.47 and $0.58. Selling concerns have increased as large WLD transfers reached exchanges. Binance moved 10 million WLD across five addresses, while a whale deposited 56.15 million WLD, worth about $25.85 million, to Bybit, OKX, Binance and Gate. These transfers may indicate potential selling but do not confirm that tokens were sold. Daily unlocks of 2.90 million WLD add to supply concerns; an earlier tracker also listed about 100.1 million WLD for an October 24 vesting event, though trackers can classify releases differently and vesting does not guarantee selling. Trading volume had fallen during the earlier pullback, while current money-flow and trend indicators point to stronger bearish pressure. World Chain activity has also cooled: bridge deposits fell from more than $600 million to $348.6 million, and total value locked declined about 19% to $60.78 million. Weaker market sentiment after the Binance hack may add pressure. For WLD traders, defending $0.36 is the immediate test; a breakdown could expose $0.31, while a recovery above $0.41 would be an initial sign of improvement. Any rebound would likely need stronger volume and sustained demand; World ID interest or corporate holdings alone do not guarantee fresh demand for WLD.

Dormant Bitcoin wallets transferred 2,159.15 BTC in October through 35 transactions, worth about $167.56 million at a reference price of $77,606 per BTC. Activity fell 81% from August, marking a second consecutive monthly decline. Wallets dating to 2013 accounted for the largest share of transfers, while wallets from Bitcoin’s earliest years remained inactive. Dormant Bitcoin movements can attract traders’ attention because older holders may sell, potentially increasing market supply. However, the transfers do not show whether coins went to exchanges or were sold, so they do not confirm immediate selling pressure.

Blockchain investigator ZachXBT reported that an unidentified attacker allegedly stole more than $106 million from accounts at several centralized crypto exchanges linked to an EU-based entity on 1 November. The entity has not publicly confirmed the incident. The attacker reportedly swapped USDC and USDT for ETH, moved funds through instant exchanges including WellWallet and Kyrrex, and converted some to privacy-focused XMR. Cross-chain transfers may make tracing and recovery more difficult. ZachXBT said he was highly confident the activity was not linked to North Korea’s Lazarus Group. The report adds to recent crypto security concerns. Separately, Brazil’s Mercado Bitcoin confirmed a security incident after more than $40 million in suspicious outflows were flagged across 10 networks, including Bitcoin, Ethereum and Solana. The exchange said it contained the incident, reported no customer impact or data breach, and temporarily paused deposits and withdrawals while investigating. BTCPay Server also warned of reported hot-wallet attacks affecting versions 2.4.1 and earlier, while saying there were no credible reports of affected users on version 2.4.7. The alleged $106 million crypto theft remains unconfirmed and does not alone indicate wider market stress or a material effect on crypto liquidity. It may, however, prompt closer scrutiny of exchange security and laundering controls. The article also notes EU stablecoin regulation: the European Banking Authority recognized USDC as a major e-money token under MiCA, while ESMA called for restrictions on services involving stablecoins that do not comply with the framework.

Crypto security losses topped $8 billion in 2026, a record, after more than $6 billion was reportedly stolen in an October Binance incident, according to Grayscale research head Zach Pandl. Without the Binance theft, losses would have been broadly in line with last year. Over the longer term, security losses have declined as a share of the total crypto market value. Binance has restored 95% of affected customer balances. The remaining 5%, involving less liquid tokens, may take longer to replace, but customers are not expected to bear the losses. Tether and Circle froze about $2.9 billion, or 45% of the stolen funds, which are expected to be returned to Binance. The Binance security incident may dent market confidence in the short term. Pandl said it could also encourage exchanges to improve safeguards and draw attention to institutional custody, including segregated holdings, offline storage, multisignature wallets, internal controls and insurance used by US crypto exchange-traded products.

Shopify and Coinbase are developing the Commerce Payments Protocol on Base to help Shopify Payments merchants accept USDC and other supported stablecoins. Customers can pay from compatible wallets without holding ETH for gas, while merchants can choose payouts in local currency or USDC. A case study published on October 29 reported more than $42 million in net settled payments and over 448,000 payments on the protocol dashboard as of October 2. These are protocol-wide figures, not Shopify-only sales or order counts. The Shopify Coinbase payments initiative could simplify stablecoin checkout and settlement, but the announcement did not set a launch date or adoption targets. Merchant eligibility, fees, foreign-exchange terms and compliance will affect uptake. The figures indicate activity, but do not establish broad Shopify adoption or create a direct price catalyst for USDC or ETH.

Solana Mobile says its SKR buyback and burn programme has removed 1.2 million SKR from circulation since launching on 15 October 2026. The company buys SKR on the open market with a portion of revenue from its validators, Seed Vault wallet exchanges and USDC Earn Vault, then permanently burns the tokens. Purchases and burns are recorded on-chain. The programme does not pay holders or stakers, and staking rewards remain unchanged. The 1.2 million tokens add to earlier reported activity: the first purchase used 24,573 USDC to buy and burn 60,885 SKR. Launched in January 2026 with a total supply of 10 billion, SKR supports governance, Guardian delegation staking and ecosystem incentives. The buyback links circulating supply to activity across Solana Mobile, but its pace depends on revenue and user engagement. Separately, a malicious third-party app briefly appeared in the dApp Store on 1 November; Solana Mobile reported no breach of its own systems. The incident may weigh on user trust, while the SKR buyback could provide modest supply-side support.

The 2026 US midterm elections could reshape Congress and the outlook for crypto regulation. Voters will elect all 435 House members and 35 senators. Republicans currently control both chambers; Democrats would need to gain three House seats and four Senate seats to take control, according to the summaries. The result could affect the stalled CLARITY Act, which would divide digital-asset oversight between the SEC and CFTC and set rules for intermediaries. The bill failed to advance in a 49–50 Senate procedural vote in September. A change in congressional control could reset its timetable, though its prospects also depend on factors beyond party control. The GENIUS Act, establishing a federal stablecoin framework, became law in July 2025. Election outcomes may also shape congressional scrutiny of crypto businesses, regulatory oversight and confirmations of nominees, including scrutiny of President Donald Trump’s crypto-related business interests. Crypto industry groups have spent about $176 million across more than 100 races, with Coinbase, Ripple and Andreessen Horowitz among the backers of Fairshake and its affiliated political groups. Ohio, Nebraska, Texas, Wyoming and Maine are among the closely watched contests. Spending has targeted Ohio’s race involving Republican Jon Husted and crypto critic Sherrod Brown, and supported Republican Pete Ricketts in Nebraska against independent Dan Osborn. Candidates in Texas and Wyoming have voiced support for crypto legislation, while Maine Senator Susan Collins opposed advancing the CLARITY Act in a procedural vote. For traders, the midterms could shift expectations for crypto policy and long-term regulatory certainty, but the election result alone is not a reliable signal for near-term token prices. Bitcoin’s historical midterm declines are not a dependable forecast; ETF and institutional flows, interest rates, liquidity and broader risk appetite are more immediate BTC price drivers.

Aave froze new tBTC deposits and borrowing in its Ethereum Core market on October 31, after Threshold Network paused tBTC deposits, minting and redemptions for a security review. The restriction affects about 1,760 tBTC, worth roughly $136.6 million, or around 42% of the token’s circulating supply; it does not apply to Aave’s other lending pools. Threshold says the issue is contained and tBTC remains fully backed. Investigators have found no evidence of unauthorized minting or lost funds. Existing tBTC can still move between Ethereum and layer-2 networks, while Aave users can repay loans, withdraw eligible collateral and remain subject to existing liquidation rules. Risk adviser LlamaRisk supported the restriction, and Gauntlet withdrew about 65,000 USDC from Morpho vaults backed by tBTC collateral. The tBTC pause may constrain liquidity and make it harder to exchange the token for BTC, potentially complicating collateral liquidations if tBTC trades at a discount. Threshold has not announced when minting and redemptions will resume and warned users not to send bitcoin to old deposit addresses. Traders should monitor Threshold’s updates, tBTC liquidity and any changes to Aave market parameters.

BitGo has moved from announcing a planned institutional Bitcoin staking service to launching it for eligible clients of BitGo Bank & Trust. The Bitcoin staking product uses the Stacks network and lets clients earn weekly BTC rewards while their principal remains timelocked in qualified custody on Bitcoin Layer 1. BitGo says it requires no wrapping or bridging and carries no slashing risk. Bonds last about six months and require participants to pair BTC with STX worth roughly 5% of the BTC amount. The target return is around 3% APY, but is variable, not guaranteed, and depends partly on Stacks miner activity. Access is limited to whitelisted institutional accounts managed by Stacks Labs. Stacks’ earlier Genesis Bond reportedly attracted an estimated 230–250 BTC, with participants including 21Shares, HashKey Cloud and UTXO Management. The launch adds a qualified-custody option for institutional Bitcoin yield, although the lock-up and STX exposure remain key considerations.

South Korea’s Financial Services Commission (FSC) has urged crypto exchanges to strengthen security after Binance reported roughly $6.3 billion in hot-wallet losses. At an emergency meeting on Nov. 2, the FSC called for continuous deposit and withdrawal monitoring, stronger incident-response teams, faster reporting of suspicious access and additional financial reserves. Binance said it would cover the losses using its SAFU fund and company funds; the FBI attributed the theft to North Korea’s TraderTraitor group. South Korean exchanges must currently keep at least 80% of customer crypto assets in cold storage. The FSC has not announced a higher target, despite reports it may consider a 99% requirement. As of Sept. 30, offline holdings ranged from 80.54% at Streami, Gopax’s operator, to 99.17% at Upbit. The regulator is also reportedly reviewing whether exchanges could be allowed to suspend withdrawals during another platform’s security emergency. For traders, stronger cold storage and monitoring could reduce the risk of exchange breaches, but a higher offline share or emergency withdrawal suspensions could slow access to funds during market volatility. Binance’s incident has not prompted a confirmed change to South Korea’s rules, so any direct impact on crypto prices is likely limited unless the proposed safeguards affect liquidity or trading confidence.

Bitcoin moved from briefly trading above $77,000 at $77,009.10, when it was down 0.65% on the day, to a later price of $78,006.30, up 0.40%. The latest Bitcoin price update shows the cryptocurrency crossing $78,000 and turning positive on the day, according to OKX market data. Neither update cited a catalyst, trading-volume details or other factors behind the move.

Strategy said on November 2 that it bought 811 Bitcoin for about $65.5 million and repurchased roughly $208.2 million of STRC preferred shares—more than three times its Bitcoin spending. The purchase adds to Strategy’s Bitcoin holdings, reported at 848,517 BTC, with an average acquisition cost of $75,446 per coin. Because the latest purchase price was above that average, it slightly increased the blended cost basis. The transactions highlight a balance between continued Bitcoin accumulation and preferred-share liquidity management. Traders should monitor future filings for changes in BTC holdings and securities issued or retired, which can indicate how Strategy finances its Bitcoin strategy and the costs and risks involved.

Strategy (MSTR), Michael Saylor’s Bitcoin treasury company, has at times recorded higher daily share volume than Boeing and JPMorgan in 2026. MSTR typically trades about 15 million to 25 million shares a day, with volume reaching roughly 46 million to 49 million on its busiest days. Daily turnover has ranged from about $1.5 billion to $3.9 billion, despite a market capitalisation of around $38 billion to $50 billion. Strategy holds more than 845,000 BTC, acquired at an estimated cost above $63 billion. The company has funded Bitcoin purchases through share sales and raised more than $5.6 billion from preferred-share offerings. Traders use MSTR as a liquid, publicly traded route to Bitcoin exposure, so its activity can track Bitcoin prices and market sentiment. High trading volume may support liquidity, but MSTR’s close link to Bitcoin can amplify moves in either direction. Its roughly 64% 30-day historical volatility and continued share issuance also highlight the risks of sharp price swings and shareholder dilution.

Two reports describe a hypothetical scenario in which Zcash (ZEC) could reach $5,000 by 1 January 2027, but they attribute the analysis to different AI tools: Grok in the earlier summary and Claude in the later one. The scenario depends on unconfirmed catalysts, including a major payments company adopting Zcash’s shielded transaction technology and investing in ZEC, stronger demand for financial privacy, institutional participation and a broader crypto market rally. ZEC was reported at about $1,250–$1,272 on 29 October 2026, with resistance near $1,356 and support around $1,266. A sustained break above resistance could bring $1,500 into focus, while a move to $3,000 or $5,000 would require substantial new demand and stronger catalysts. Security concerns, privacy-coin regulation and wider market weakness remain risks. Neither the adoption scenario nor the Zcash price target is confirmed, so traders should treat it as speculation rather than a reliable signal.

Prediction markets on Kalshi and Polymarket increasingly favor Democrats in the 2026 US midterm elections. Earlier odds put Democrats’ chances of winning the Senate at 75% to 76% and the House at 94%; a later estimate placed their chance of controlling both chambers at about 75%. Nearly $1.9 billion in election contracts had traded on the platforms, according to a Washington Post analysis. These prediction markets reflect trader expectations, not election results. The races could shape crypto regulation. In Ohio, traders give Democrat Sherrod Brown about a 71% to 72% chance of defeating Republican Jon Husted, despite spending by the Fairshake-aligned Defend American Jobs PAC against Brown. If elected, Brown could influence the Senate Agriculture Committee, which oversees the CFTC. In Maine, crypto-friendly Democrat Troy Jackson has about a 71% chance of unseating Senator Susan Collins, who opposed advancing the CLARITY Act. A Democratic takeover could also give lawmakers including Elizabeth Warren and Brown influence over committees overseeing digital assets. Polymarket estimates the chance of a US recession by the end of 2027 at 35% if Democrats sweep Congress, versus 19% otherwise. The forecasts are uncertain; prediction markets have previously misjudged election outcomes, including Brazil’s presidential runoff. For crypto traders, the main significance is the potential effect of congressional control on future crypto legislation, not an immediate token-specific catalyst.

Sui’s v1.83.0 devnet release introduced Protocol Version 140, followed by the v1.83.1 testnet release with further updates for Move, validators, full nodes and APIs. The Sui upgrade adds bulk vector operations and lets Move functions return references for use in programmable transaction blocks (PTBs). For mainnet, insufficient object-fund withdrawals will fail during execution with a Move abort. Transaction effects will no longer report dependency data, while object-version and per-object previous-transaction metadata remain unchanged. Other changes include validator limits on the rate of user-transaction data proposed to consensus, more resilient checkpoint syncing, and gRPC and GraphQL improvements to pagination, subscriptions and error reporting. The technical upgrade may improve network and developer-tool reliability, but it includes no announced token-economic changes.

On October 31, the FBI attributed the theft of more than $6 billion from Binance to North Korean actors linked to the TraderTraitor operation. The FBI, US Secret Service and IRS Criminal Investigation urged crypto exchanges, node operators and DeFi platforms to block transactions involving 628 listed wallets: 19 Bitcoin addresses, one Solana address and 608 Ethereum addresses. Chainalysis reported that about $2.8 billion had been frozen, while more than $500 million moved through over 1,000 TRON addresses. It also tracked laundering activity expanding to Solana, raising concerns about cross-chain flows and security across crypto infrastructure. The Binance theft has prompted calls for stronger monitoring, but tracing, freezing and recovering funds are separate processes and can take time. The FBI’s attribution is an official law-enforcement finding, not a public court judgment against named individuals. The full investigative record is not public, and the reported loss may change. The announcement also does not show that every wallet or service later touched by the funds knowingly aided laundering. Traders should monitor new wallet identifiers, court filings, seizures and platform updates, while distinguishing confirmed developments from unresolved questions.

AI inference platform Fal raised $1.3 billion in a Series F round in October 2026, valuing the company at $16 billion. The round, led by Bessemer Venture Partners, included Nvidia, Sound Ventures, HOF Capital and T. Rowe Price. Fal had raised $350 million in its Series E in April, led by Sequoia Capital; some reports put combined Series E and F fundraising at $1.65 billion. Fal’s valuation doubled from $8 billion in April and rose from $4.5 billion in December 2025. Its annualized revenue was reported at about $800 million by September, implying a valuation of roughly 20 times that figure. Fal provides computing infrastructure for businesses running generative image, video and audio models, with clients including Adobe, Canva and Shopify. CEO Burkay Gur said Fal restricted customer access during a summer demand surge because capacity was limited. The company plans to use the new capital to expand computing capacity and hire staff. The funding highlights investor appetite for AI infrastructure, but Fal is not a cryptocurrency project and the news has no clear direct implication for crypto-token prices. Traders should treat it as a technology-sector development rather than a direct crypto market catalyst.

Cross River Bank is working with Offchain Labs, the company behind Arbitrum, to build a loan-tokenization platform on Arbitrum One. The bank plans to tokenize loans at origination, recording funding, ownership transfers, payments and servicing on a shared blockchain ledger. Borrowers would keep using existing interfaces, while ZeroDev provides embedded wallets for blockchain interactions. Cross River would remain the regulated lender, responsible for underwriting, compliance and risk management. The partners have completed a proof of concept and are targeting a production launch in early 2027. They have not disclosed lending volumes, commercial commitments or revenue-sharing terms. The project could expand institutional access to onchain credit, but it does not establish direct demand for ARB: Arbitrum One fees are paid in ETH, and no ARB purchases were announced. Separately, Cross River has agreed to buy up to $250 million in Figure’s crypto-backed loans. The loan-tokenization project remains under development, with no immediate effect on lending markets or crypto trading.

Ethereum remains under bearish pressure as its recovery attempts have failed to reverse the downtrend. Earlier, ETH was rejected near $2,520 and fell below key support around $2,360–$2,320. The latest analysis shows Ethereum has also lost its daily ascending channel and remains within a descending four-hour channel, with resistance at $2,440–$2,520. Near-term support is now around $2,170–$2,220. A sustained break below it could expose $2,000 and the broader $1,820–$1,980 demand zone. Liquidation heatmaps show estimated clusters around $2,150–$2,200 and $2,000–$2,050, which may increase volatility but are not guaranteed price targets. To improve its outlook, ETH needs to reclaim $2,300–$2,310 and break out of the descending channel. The earlier analysis also noted that Iran–US tensions could add risk-off pressure, but did not establish them as the cause of Ethereum’s decline.

About 3,600 SOL stolen from Binance reached a HitBTC hot wallet at 16:51 Beijing time on 3 November, blockchain monitoring firm Salus said. The Binance-stolen SOL was routed through multiple paths using automated scripts and a peeling-chain pattern; the later report also described cross-chain transfers. Salus noted that HitBTC has appeared in routes linked to other major crypto thefts. It estimated that about $22 million in illicit funds had flowed to HitBTC by July, including at least $3.68 million linked to a North Korean laundering network in the Bybit hack. Salus said requests for cooperation received little response. Stolen funds are often moved through instant-swap services, smaller exchanges and over-the-counter desks. The reports do not say whether HitBTC froze the SOL or whether any of it was sold. The transfer raises security and compliance concerns, but no direct market impact was reported.

ARK Invest bought about $17 million in Coinbase and Circle shares across October 30 and November 2, while selling roughly $8 million in Bullish shares. Across ARKK, ARKW and ARKF, the firm bought 64,208 Coinbase shares and 110,551 Circle shares. It also purchased about $646,000 in Robinhood shares. The trades indicate selective positioning in crypto-related stocks, not a broad increase in crypto exposure. Circle accounted for 4.4% to 5.9% of three ARK fund portfolios, according to disclosures. The purchases came as crypto stocks faced pressure following reports of a $6.3 billion Binance security breach. On November 2, Coinbase fell 3.98% to $137.83, Circle slipped 0.63% to $72.08 and Bullish dropped 5.7% to $22.54. Robinhood fell 1.4% to $83.80. Coinbase reported third-quarter net income of $719 million, while transaction revenue declined 44% year over year. Circle was due to report earnings on November 4; much of its revenue comes from interest on USDC reserves. For traders, ARK’s buying may indicate longer-term confidence in Coinbase and Circle, but these stock purchases do not establish a near-term view on crypto prices or represent direct token buying. The reported breach and related withdrawals remain sources of uncertainty for crypto-market sentiment.