Crypto News

Bitcoin steadied near $76,900 after dipping to $76,300, but persistent ETF outflows and election uncertainty kept pressure on the market. US spot Bitcoin ETFs recorded $399 million in net outflows for a second consecutive day. BlackRock’s IBIT saw $405 million in outflows on Monday, its largest single-day withdrawal since June. The flows suggest investors remain cautious despite Bitcoin’s modest recovery. Since Binance resumed withdrawals on Sunday, users have withdrawn a net $4.72 billion, up from an earlier reported $3.64 billion. Crypto futures volume rose 51% to $168.1 billion, while open interest fell 1.63% to $134.9 billion, pointing to busier trading but limited growth in directional positions. Liquidations climbed 171% to $382.6 million, and market orders leaned toward selling. Options markets also signalled greater near-term risk. Implied volatility rose to about 51% for Bitcoin options and 59% for Ether options, while short-dated contracts showed increased demand for downside protection. For traders, Bitcoin’s rebound has not yet confirmed a stronger trend: ETF outflows, exchange withdrawals and defensive positioning point to continued caution and potentially sharp price swings around the US midterm elections.

Binance founder Changpeng Zhao (CZ) warned on 3 November that AI could make crypto hacks more frequent and faster. He said attacks that once appeared roughly monthly may now occur weekly, and that four crypto trading platforms were reportedly hit in separate attacks the previous day. The platforms and any losses were not identified. CZ urged crypto companies to use AI to strengthen cybersecurity and keep defenses evolving rather than wait for the technology to mature. The warning highlights rising crypto security risks, but no specific exchange or token was reported as compromised.

The XRP Ledger’s fixCleanup3_4_0 amendment is now projected to activate on November 4, following an earlier validator-support dip that reset its 14-day approval countdown. Support currently stands at 33 of 35 tracked validators, or 94.29%, above the 80% threshold; activation could be delayed again if support falls below it during the waiting period. The XRP Ledger security fix closes a PaymentBurn permission loophole. In certain cases, an account delegated to burn issued tokens could also create trust-line tokens or Multi-Purpose Tokens (MPTs). The issue does not affect XRP’s native supply, and documentation has identified no affected issuer or fraudulent minting incident. There is also no public evidence that RLUSD or its reserves were compromised. Issuers are advised not to delegate PaymentBurn until the fix is active, and existing permissions can be changed or revoked. The broader cleanup amendment also includes changes involving trading pools, vault accounting and loan checks. For XRP traders, this is primarily a protocol-security update, not a direct change to XRP’s supply or market fundamentals.

Binance reportedly did not buy cyber insurance, potentially limiting insurance recovery for losses tied to a reported $6.3 billion theft. Bloomberg Law, citing people familiar with the matter, said the exchange has directors and officers (D&O) insurance for executives facing possible investigations or lawsuits, but that policy is not cyber coverage. Insurance policies for digital assets, crime and D&O may also contain exclusions, leaving any payout to cover only a small share of affected users’ losses. Binance says it is replenishing assets with part of its SAFU fund, funds from its futures insurance fund and company money. The insurance gap keeps attention on Binance’s security, liability and user-fund protections, and could weigh on confidence in the exchange.

Wallets linked to the Mercado Bitcoin hack moved about $8 million in Ethereum (ETH) to new addresses, adding a new development to the investigation into the November 2 exchange breach. Reports put the stolen assets at $46 million to $49 million. Investigators have not confirmed whether the ETH was sent to Tornado Cash, a mixer that could make tracking harder. Investigators, Mercado Bitcoin, law enforcement and crypto companies have helped freeze nearly $10 million in stolen assets. Tether restricted more than $9 million, but frozen funds have not necessarily been recovered or returned to victims. The attacker may still control a portfolio estimated at about $46 million, including PEPE, AAVE, PENDLE, VIRTUAL, UNI and ONDO, and has reportedly made hundreds of token swaps. Lookonchain warned that possible sales could pressure some of these tokens. Mercado Bitcoin temporarily suspended deposits and withdrawals after the breach, then said it had contained the incident and that customers were not harmed and their data was not breached. Further transfers, token sales or freezes could affect liquidity in specific assets, but a broader market impact remains uncertain. The Mercado Bitcoin hack also renews concerns about centralized exchange security.

HashKey has adopted Standard Chartered’s tokenised deposits for institutional treasury management and settlement, enabling eligible clients to move bank funds through an approved blockchain environment. The service may help HashKey manage working capital across entities and markets beyond traditional banking cut-off times, with near-real-time transfers and more flexible cross-border liquidity management. The announcement follows Hong Kong’s EnsembleTX upgrade, which enables participating banks to settle tokenised deposits in central bank money around the clock. The Hong Kong Monetary Authority says its controlled pilot has expanded to 12 banks and 20 industry pioneers. Tokenised deposits connect commercial bank balances with blockchain-based settlement, but they are institutional funding tools—not freely transferable retail stablecoins. For crypto traders, the adoption could make exchange treasury operations more flexible, but there is no evidence yet of faster retail withdrawals, lower fees, tighter spreads or changes to staking rewards. The effect on crypto prices and trading conditions will depend on whether these treasury efficiencies are passed through to customer-facing services.

Thailand’s Securities and Exchange Commission (SEC) is seeking public feedback on draft rules that would recognise digital assets as underlying assets under the Derivatives Act. The consultation covers derivatives exchanges, clearing houses and intermediaries, with comments due by 28 November. The proposal is not yet in force. Digital asset businesses could apply for derivatives licences without forming a new company. Eligible activities would include brokerage, proprietary trading, investment advice and investment management. The proposed licence fee is 500,000 baht, while existing digital asset exchanges, brokers and dealers would be exempt from application and licence fees. Only exchanges and brokers could apply to operate a derivatives exchange; custodians would not qualify for clearing-house licences. The draft follows an SEC consultation on the principles in April and May. If adopted, the digital asset derivatives rules could establish a regulated route for eligible firms to offer derivatives in Thailand. The proposal may expand market access over time, but it does not itself signal an immediate change in crypto prices.

Cardano (ADA) extended its decline from around $0.201 on Monday to near $0.188 on Tuesday, falling below key support after three weeks of losses totaling more than 20% since early October. The latest move leaves ADA below its 50-day and 100-day EMAs near $0.215–$0.216 and well below its 200-day EMA, with resistance at $0.215–$0.218. A sustained break above that zone could put $0.236 in view, while continued selling may expose support near $0.155. Derivatives signals are mixed: the long-to-short ratio fell from 0.92 to 0.8248, indicating short positioning, but funding shifted from -0.0032% to positive 0.0097%, suggesting some traders are still positioned for a rebound. Spot and futures indicators continue to show sell-side dominance. RSI is near 30, while MACD remains negative or slightly negative. These conditions keep Cardano vulnerable to further losses, although oversold momentum and positive funding leave room for a relief bounce.

The stablecoin market cap has fallen by about $17 billion in six months, from roughly $280 billion in April to $263 billion, its lowest level in more than a year. CryptoQuant analyst Darkfost says the roughly 6% decline reflects weak demand and limited fresh capital entering crypto markets. The contraction had been underway for more than a year, with security concerns and wider economic and geopolitical uncertainty adding to investor caution. Binance holds about 70% of the stablecoin supply on centralised exchanges. Its 90-day average stablecoin market value has dropped from $51 billion to $34 billion. Around $3 billion in stablecoins flowed off the exchange after a security breach, adding to—but not fully explaining—the broader decline. A shrinking stablecoin market cap can mean less trading liquidity and buying power, but the figures alone do not establish the direction of crypto prices.

NFT project Robin Guards says it hired 200 crypto influencers on X with a combined audience of more than 10 million, but the campaign generated only 200 NFT sales—a reported conversion rate of about 0.002%. Robin Guards accuses more than 100 KOLs of using fake followers, engagement groups and AI-generated comments. It says some influencers called the project a scam after it declined to pay further promotion fees. The team also alleges that the first account to make that accusation, @grebby, sold fake-follower and engagement services to clients that included several named KOLs. Robin Guards says it has screenshots and other evidence, and advises projects to assess genuine reach, comment quality and past campaign conversions rather than follower counts alone. The allegations have not been independently verified. The dispute highlights concerns about crypto influencer marketing, but no specific token or direct market impact was identified.

Tether CEO Paolo Ardoino announced that the company had acquired another 50,000 Bitcoin, bringing its reported holdings to 150,000 BTC. Bitcoin Treasuries said the purchase lifts private companies’ combined Bitcoin holdings above 200,000 BTC. The announcement highlights corporate demand for Bitcoin, but the reports gave no details on the purchase’s timing or funding. It may support sentiment around long-term adoption, though it does not establish an immediate price impact.

Spot gold fell below $3,900 an ounce on 3 November, reaching $3,899.78 and losing 1.18% on the day. The reports give no reason for the decline. Spot gold can offer context on broader risk sentiment, but this move alone does not confirm a shift in crypto market direction or show a direct effect on digital assets.

Hyperliquid (HYPE) showed mixed price action across late October and early November. On October 25, it traded near $75.47, down almost 19% over the previous month from a September high near $98. By November 3, HYPE had rebounded to about $83.53, but fell 2.37% that day and slipped below $85.19. The latest daily trading volume was $1.10 billion, while futures open interest declined 3.50% to $3.66 billion, indicating some traders reduced exposure. Earlier data showed futures volume down 15.16% to $1.40 billion, open interest at $3.07 billion, and 78.1% of tracked futures positions long, leaving leveraged traders exposed to liquidations. HYPE also recorded about $2.47 million in net spot exchange outflows. Hyperliquid’s fee-funded Assistance Fund has bought HYPE, but those purchases have not prevented the earlier decline. Technical indicators were weak in the October snapshot, with a daily RSI of 34.29 and negative MACD. Support was identified around $70–$75, with $65 as a further downside level; resistance stood near $80 and then $85–$90. In the newer analysis, traders are watching support at $80–$82. A bearish pattern would be confirmed only by a sustained 12-hour close below $76–$78, with potential targets at $62 and $59. Conversely, analyst Michaël van de Poppe viewed $80–$84 as a potential buying area, with targets of $112–$116. A reported distribution of about 180,000 HYPE tokens on November 6 could add to selling concerns, although recipients may not sell. Meanwhile, the proposed ICE and Trade[XYZ] platform using Hyperliquid infrastructure still requires regulatory approval; identity checks, anti-money-laundering rules and regulated intermediaries were highlighted, but no launch date or initial contracts have been confirmed. HYPE’s near-term direction may hinge on holding support or recovering above $84.80 and $85.19.

Bitcoin is trading near $78,299 after losing 7.3% in October, with US midterm elections and economic data adding uncertainty. A Bloomberg survey put median year-end Bitcoin forecasts at $90,800 if Republicans retain both chambers of Congress, $84,100 under a split Congress and $76,450 if Democrats take both chambers. TD Cowen analyst Jaret Seiberg said a Democratic sweep could hinder crypto legislation, including the stalled CLARITY Act; a Republican hold may be more favourable but would not ensure progress. The bill received 50 Senate votes in favour and 49 against, short of the 60 needed to advance. The crypto industry has spent more than $206 million on the 2026 election, according to Public Citizen. Traders are tracking nearby price levels. QCP sees support at $76,000–$76,600 and resistance at $79,500–$80,500. A sustained break below support could put the 50-week moving average near $75,700 and the 200-day average near $73,100 in focus. Earlier levels identified support near $77,000 and resistance at $79,100, with $75,000 and then $72,000 as downside areas. Trader Doctor Profit said two to three daily closes below $76,000 could signal weakening market structure and expose Bitcoin to a fall toward $67,000–$69,000. Analyst Ali Martinez has also warned of a possible 30% correction, which could bring $57,000 into view. Election risk may increase short-term Bitcoin volatility, but analysts caution that political outcomes alone may not drive prices. Bitwise researchers found no statistically significant link between election odds and major crypto performance, citing financial conditions, inflation and AI-related risks as potentially more important factors. Bitcoin fell ahead of each of the four previous midterm elections, but historical data also show an average gain of 53.7% in the 12 months after past midterms. The limited sample and influence of halving cycles make that history an uncertain guide for traders.

Circle is due to report third-quarter results on November 4, with a webcast scheduled for 8 a.m. Eastern (13:00 London time). Investors will assess how USDC balances, reserve returns and distribution costs affect the stablecoin issuer’s finances. The preview includes no Q3 results or earnings estimates. In Q2, Circle reported $701.315 million in revenue and reserve income, against $412.470 million in distribution, transaction and other costs. The $288.845 million retained before operating expenses represented about 41.2% of that total, up from 38.2% in Q2 2025. Average USDC circulation rose about 25% year on year to $76.524 billion, while reserve income increased only 5.3% as yields fell. Coinbase-related distribution costs were $324.6 million. Circle’s rate-sensitivity model estimates that a one-percentage-point change in rates would shift annual reserve income by $737 million and distribution and transaction costs by $360 million, a modelled $377 million difference before other effects. The estimate assumes circulation and reserve allocation stay fixed and is not an earnings forecast. Investors should also distinguish average USDC balances from quarter-end circulation, since issuance and redemption timing affects reserve income. USDC’s backing reserves belong to holders, not Circle shareholders. Traders will watch Q3 USDC balances, reserve yields, partner payments, revenue from newer products, reported and adjusted earnings, and cash generation. USDC growth does not automatically produce proportional earnings growth, while Q2’s improved retained-revenue margin offers a positive baseline. The results may inform sentiment towards Circle, but USDC supply alone does not determine Circle’s profitability or the token’s market price.

US spot Bitcoin ETFs bought 79,800 BTC worth about $6.2 billion in Q3 2026, reversing $4.8 billion in net outflows in Q2. ETF purchases were nearly twice the 41,300 BTC mined during the quarter, but were concentrated in two short periods that accounted for 91% of inflows. Bitcoin rose 42.7% and ended September at $83,570. Public companies’ Bitcoin treasury purchases fell to about $1 billion from $7.1 billion in Q2. Strategy added 1,700 BTC, while reporting $349 million in sales during July and August. Combined ETF and public treasury purchases totalled about $7.2 billion, or 2.4 times the value of newly mined Bitcoin. That demand faced a substantial counterweight: long-term holders sold 248,000 BTC worth about $17.4 billion, more than three times the ETFs’ purchases. The figures show strong institutional demand through Bitcoin ETFs, but also significant holder selling and weaker corporate buying. Traders may watch for sustained ETF inflows and a slowdown in long-term holder sales to gauge whether demand can support Bitcoin prices.

HYPE rebounded after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced a strategic investment in Trade[XYZ] and plans to offer US users regulated, round-the-clock perpetual futures built on Hyperliquid technology. The announcement on October 29 helped lift HYPE by about 18% at the time; investor Stanley Druckenmiller also endorsed the deal. ICE later said the plan requires regulatory approval, with no launch date set and timing dependent on the CFTC. Hyperliquid also burned 49.87 million HYPE on October 29, equivalent to about 5% of its 1 billion maximum supply. The network has reported $1.38 billion in lifetime revenue, while open interest stood at about $7.87 billion and holder payouts totalled $16.5 million over seven days. However, the latest market update shows fresh selling pressure: two wallets sold a combined 1.21 million HYPE for about $109 million, and circulating supply rose from roughly 222 million to 239 million after an unlock. US HYPE ETFs recorded no flows on October 30. HYPE was recently trading near $87.66 after a roughly 15% weekly rebound. It remains above its 50-day moving average near $82.85, and momentum indicators still lean bullish, though the token has pulled back from a brief move toward $98. Traders are watching support around $84.64; a daily close below it could expose the late-October low near $76.15. Resistance lies around $95.25 and $97.74, with a sustained break potentially reopening the path towards $101. The setup remains cautiously bullish while support holds, but regulatory delays, whale selling, new supply and high leverage could undermine HYPE’s recovery.

Kraken added deposits and withdrawals for USDG on Arbitrum One on October 29, giving eligible customers a direct transfer route between the exchange and compatible wallets. USDG was already available to trade on Kraken, so the change adds a funding option rather than a new listing. Paxos issues USDG natively on Arbitrum, meaning users do not need to bridge an Ethereum-based version to use this route. Paxos says USDG is redeemable one-to-one for US dollars and backed by cash and cash equivalents held in segregated accounts. The new route may reduce transfer friction, but it does not increase USDG’s supply or establish that the token has significant liquidity or adoption on Arbitrum. Users should check that both the token and network are supported before transferring. The longer-term effect will depend on actual activity between Kraken and onchain applications.

China’s financial regulator has warned that concentrated AI investment could increase leverage in the technology sector and make financing more difficult for traditional industries. At a Hong Kong financial summit, National Financial Regulatory Administration deputy head Xiao Yuanqi said heavy capital flows into technology firms and industry leaders risk fuelling overly rapid expansion. The crowding-out effect could raise borrowing costs for traditional businesses, limit reinvestment and production growth, and increase credit risks. Xiao called for policymakers to prepare a framework for the AI-driven economic transition. The latest comments add a call for advance planning, but no new policy measures were announced. The warning may be relevant to crypto traders as a signal of broader concerns about credit conditions and financial stability in China; it does not mention any cryptocurrency or propose crypto-specific action.

Crypto exchanges are competing for stablecoin deposits with promotional yields of up to 12% APR. The latest offers include 11.85% on the first 1,000 USDT in a Binance flexible product, about 10.16% on BFUSD and 10% on RWUSD, and 12% on eligible Bitget USDC balances up to 300,000 USDC. Gate advertises up to 9% on qualifying USDT products. OKX has a 1 million USDT reward pool for eligible VIP users who hold BTC or ETH and meet other requirements, rather than a fixed annual yield. The newer figures add product-specific rates and estimated portfolio returns: the article estimates roughly 10.72% annually for a 5,000 USDT allocation, 10.30% for a 20,000 US dollar portfolio, and 10.11% for a 100,000 USDT allocation. These are estimates, not guaranteed returns. Rates, caps, campaign periods and eligibility can change. A reported Binance asset theft has also heightened attention to exchange security. Traders should verify current terms and weigh custody and product risks before moving funds; stablecoin yields do not remove platform risk.

Tether CEO Paolo Ardoino said the stablecoin issuer holds about 150,000 Bitcoin (BTC), worth more than $11.5 billion, at the Plan ₿ Forum in Lugano. Tether has allocated up to 15% of quarterly net profits to Bitcoin since May 2023. Its Q3 2026 attestation valued its Bitcoin holdings at $8.37 billion as of 30 September, a figure that may reflect holdings at an earlier point than Ardoino’s latest estimate. The report also said Tether serves more than 730 million users and adds about 30 million wallets each quarter. Its Q3 attestation listed about $122.8 billion in directly held US Treasury bills, or $132.4 billion including repurchase agreements, alongside $7.95 billion in excess reserves. Ardoino also outlined Tether’s “Independence Stack,” covering energy, Bitcoin mining, peer-to-peer communications, self-custody wallets and on-device AI. For traders, Tether’s growing Bitcoin position is a notable corporate holding, but the company says its BTC purchases are funded by profits rather than reserves backing USDT.

CoreWeave’s major contracts with Microsoft, OpenAI, Meta and Nvidia, plus a $104.2 billion backlog and access to financing, have supported its rapid AI infrastructure expansion. But newer figures show rising financial strain: liabilities reached $72 billion by June 2026, against $5.5 billion in cash and $20.9 billion in current liabilities. The company forecast $35 billion to $39 billion in capital spending for 2026, while its founders sold about $3.3 billion in shares since the 2025 IPO. CoreWeave says the sales were pre-arranged and disclosed. Market confidence has weakened. CoreWeave shares and bonds have fallen, an unsecured bond traded below 80 cents on the dollar, and CDS pricing implied a five-year default probability above 60%, according to the article. Earlier bankruptcy estimates were lower, at 14.5% by January 2028 and 28.5% by January 2030. CoreWeave is seeking longer-term refinancing and building its own data centres, but its ability to service debt depends on contract delivery, borrowing costs and returns on AI infrastructure spending. For crypto traders, CoreWeave’s stress is an indirect warning about leveraged technology credit; neither summary identifies a direct catalyst for cryptocurrency prices.

CFTC Chair Michael Selig said the reported $6.3 billion Binance security incident exposed gaps between offshore crypto exchange safeguards and standards in U.S. financial markets. He advocated a voluntary federal registration pathway under which participating exchanges would adopt stronger cybersecurity protections. Making registration mandatory would require further congressional authorization, so the proposal does not currently impose new rules or change trading conditions. Selig said the attack did not target the blockchain or on-chain contracts. He added that blockchain transaction records could help investigators trace stolen funds, even when attackers use mixers such as Tornado Cash, and said the CFTC would work with law enforcement. The Binance hack has renewed debate over exchange security, compliance costs and the reach of U.S. crypto regulation, but has not directly altered market rules.

MiniMax faced further price pressure in the latest market update. On 26 October 2026, it was down 10.8% in one hour and 8.7% over 24 hours, trading at 21.59 USDT. By 3 November, market data cited by Odaily showed MiniMax down 8.0% over 24 hours to 19.89 USDT. The reports give no reason for the declines and provide no trading-volume data. The moves point to short-term selling pressure in MiniMax, but traders may want to watch price action and liquidity before judging whether the weakness could persist or has broader significance.

Zhipu faced short-term selling pressure in two Odaily market updates. An earlier report said it fell 10.5% in 24 hours to 65.32 USDT; a later update, dated 3 November 2026, put the 24-hour decline at 9.1%, with Zhipu trading at 55.91 USDT. These are separate 24-hour snapshots, so the figures do not establish a continuous price move. Neither report gave a cause, trading-volume data or evidence of a wider market impact. Traders may monitor Zhipu’s price and volume for signs of whether selling pressure is easing or continuing.

Metaplanet has repaid ¥8 billion in bonds to EVO FUND ahead of their April 2027 maturity, using cash on hand. The Tokyo-listed Bitcoin treasury firm had initially planned to use proceeds from its 27th stock acquisition rights offering for repayment, but has now redirected that amount to planned Bitcoin purchases. Metaplanet’s planned Bitcoin allocation for April 2026 to April 2028 rises from ¥25.422 billion to ¥33.422 billion. The ¥3.714 billion allocation for its Bitcoin income-generation business is unchanged, and planned proceeds remain ¥37.135 billion in total. The company said the revision is not expected to affect its 2026 financial results. The change signals a stronger commitment to Bitcoin accumulation, but it is not confirmation that the company has bought more BTC. Purchases depend on funds raised when the stock acquisition rights are exercised, so the timing and scale of any added buying remain uncertain.

A whale transferred AAVE and WLD to multiple cryptocurrency exchanges over 10 days, according to Lookonchain. The latest figures show deposits of 184,200 AAVE, worth about $25.5 million, and 56.15 million WLD, worth about $25.85 million—a combined value exceeding $51 million. An earlier report recorded 152,000 AAVE and 45.17 million WLD deposited over five days, worth about $42.7 million in total. The updated figures indicate that the reported exchange deposits grew over time. Large AAVE and WLD deposits may signal potential selling pressure, but transfers to exchanges do not confirm that the tokens were sold.

Tether froze more than $4.5 million in USDT linked to a security breach at Brazilian crypto exchange Mercado Bitcoin, CEO Paolo Ardoino said. The freeze was part of coordinated action by security researchers and stablecoin issuers that Specter said had blocked more than $9 million across nine digital assets, including USDC, PAXG and RLUSD. Arkham Intelligence reported that wallets linked to the attacker still held about $46 million in crypto, including ETH, BTC and PEPE. Mercado Bitcoin said it had contained an incident involving an internal system and temporarily suspended deposits and withdrawals during its investigation. The exchange said customer funds and personal information were unaffected, but has not disclosed the total loss or whether its reserves were impacted. The freezes may limit the attacker’s ability to move assets, but the remaining funds and unanswered questions keep exchange security in focus. For traders, the incident adds custody risk to the outlook for Mercado Bitcoin; the freezes alone do not establish a direct price impact on the tokens involved.

Trade.xyz restored its GitBook documentation by 9:15 a.m. ET on November 2 after detecting unauthorized activity. The company is still investigating and has urged users not to click links in the documentation until it lifts the warning. It has not explained how access was gained or confirmed whether any links or pages were changed. So far, Trade.xyz has reported no confirmed user losses, trading interruptions or disruption to on-chain settlements. The issue has been described as affecting documentation; there is no reported evidence that Hyperliquid’s smart contracts or settlement infrastructure were compromised. The Trade.xyz incident is therefore a documentation security risk, not a confirmed breach of its trading platform. Users should rely on verified channels for updates. The incident follows Intercontinental Exchange’s strategic investment in Trade.xyz and plans to develop a US market for 24/7 Hyperliquid perpetual futures, subject to CFTC approval. Trade.xyz says its existing markets have recorded more than $650 billion in cumulative trading volume in just over a year.