Crypto News

Kraken Prop added simulated markets for gold, silver, WTI and Brent crude oil, copper, and natural gas on October 29, 2026. The markets use index oracles and are available around the clock in supported regions, but not in the UAE. Kraken Prop also cut commissions on non-crypto markets from 4 to 2 basis points per side for plans other than Lite. The new rate covers indices including the S&P 500 and XYZ100, and applies to existing evaluation and funded accounts; crypto commissions are unchanged. On a hypothetical $50,000 notional trade signal, the lower rate means $20 in round-trip commissions, versus $40 previously. Gold offers up to 5x leverage and a $500,000 notional cap on non-Lite plans, while limits vary for other commodities. Kraken Prop uses simulated positions rather than real commodity ownership or conventional futures trades. Account limits, evaluation rules, and profit share remain unchanged. Kraken says the service is unregulated and evaluation fees become non-refundable once trading begins; payouts depend on program rules, and simulated account balances are not withdrawable cash. The expansion broadens market access and lowers costs for eligible participants, but it does not create direct exposure to physical commodities or alter crypto trading fees.

The Financial Action Task Force (FATF) will review jurisdictions with significant crypto activity for gaps in enforcing anti-money laundering (AML) standards. The review will cover major hubs representing about 97% of the global virtual asset market, though FATF has not named the jurisdictions or said how many will be included. It will consider existing assessment results, while regular evaluations remain the watchdog’s main compliance tool. The review follows a report showing that 83% of surveyed jurisdictions had adopted Travel Rule legislation, which requires crypto service providers to share information about transfer senders and recipients. However, 55 of the 91 jurisdictions with such laws had yet to take supervisory or enforcement action. As of April 2026, FATF assessments found 33 jurisdictions non-compliant and 64 partially compliant with standards for virtual asset service providers (VASPs). FATF has also warned about large-scale crypto fraud and stablecoin misuse. Initial findings are due in June 2027, with further results expected in October, followed by monitoring and progress reports. The FATF review could increase compliance pressure on crypto hubs and encourage stricter AML supervision, but no immediate restrictions on trading or action against specific markets have been announced.

Binance reported cumulative net outflows of $4.72 billion after reopening withdrawals on 1 November following a reported $6.3 billion security breach. The figure is about 2.8% of its reported $171 billion in assets, and Binance says withdrawals are beginning to stabilise. In the first nine and a half hours, it processed $4.649 billion in withdrawals and received about $1.01 billion in deposits, for net outflows of $3.64 billion. The later $4.72 billion figure is an updated cumulative total, not an additional withdrawal amount. Blockchain trackers recorded more than $5 billion—and, in some estimates, over $6 billion—in outflows from Binance-labeled wallets over 24 hours. Such data can include internal transfers and does not confirm customer withdrawals. Binance says it has replenished about 95% of the affected assets. OKX and Bybit recorded net inflows of roughly $450 million and $134 million, respectively, though the data does not establish that the funds came from Binance. The security incident has also prompted scrutiny of the stolen funds’ movement. Investigator SomaXBT said attackers moved about $242 million in assets through the Tron network. Tether froze around $378.7 million in USDT, while investigators traced transactions through cross-chain services including THORChain, Chainflip and Symbiosis. The FBI attributed the attack to North Korea’s TraderTraitor group and urged crypto services to block linked transactions. For traders, Binance outflows and the laundering investigation keep exchange security and confidence in focus, although wallet-flow data alone is not proof of a continuing customer exodus.

An on-chain address with reported cumulative trading profits of about $195 million was previously reported to have added roughly $7.96 million to its SILVER short at an average price of $52.7033. A later update reported a further $5.02 million addition: 100,000 units opened at an average of $50.1548. The address now holds 435,000 SILVER short units, valued at about $21.82 million, while its reported cumulative profits are approximately $156 million. The profit figures differ between the two reports, and the updates do not explain the discrepancy. The larger short reflects one trader’s bearish positioning on SILVER, but is not enough on its own to confirm a broader market trend.

USDC supply on Circle’s Arc blockchain passed $1 billion on October 27, about six weeks after the public mainnet launch. The earlier milestone highlighted rapid liquidity growth, including a reported transfer of about $120 million in collateral from Starknet by trading platform Extended. By early November, Arc held about $1.098 billion in stablecoins, of which USDC accounted for roughly $1.088 billion, or 99.18%. Arc USDC supply rose about 109% in 30 days, even as global stablecoin supply contracted. However, four addresses held about 73% of USDC at the $1 billion milestone; exchange or institutional custody could explain some of this concentration, but it leaves independent user adoption unclear. Traders will watch whether Arc USDC growth continues, activity broadens across wallets and applications, and other stablecoins gain traction.

Binance’s October 31 proof-of-reserves snapshot showed customer USDT balances fell 7.95% month over month to 29.48 billion, down about 2.545 billion. The decline was the largest percentage drop among the 10 assets in the disclosure, but the balance data alone does not explain whether it resulted from withdrawals, trading or transfers. Binance’s USDT reserve coverage ratio fell from 103.88% to 100%, meaning reported reserves matched customer balances on the snapshot date. The report covered 10 cryptocurrencies, compared with 55 in the previous snapshot; Binance said it had replenished the listed assets and expected to publish a complete zero-knowledge reserve proof by November 3. Other reported balances included 3.65 million ETH, down 3.80%; 692,187 BTC, up 0.52%; and 42.64 million BNB, down 0.93%. The snapshot predates withdrawals reopening on November 1 and therefore does not reflect subsequent outflows. Binance later reported $4.649 billion in withdrawals and $1.01 billion in deposits over nine and a half hours, for net outflows of about $3.64 billion. The movements followed a reported $6.3 billion security breach; Binance said it was replenishing affected assets and would cover losses.

An on-chain trader has reduced a HYPE short position by about $3.19 million, but a short worth roughly $32.35 million remains open. The later report also puts the address’s cumulative contract profits at about $142 million. An earlier report described a reduction of 86,704.63 HYPE, valued at around $7.6 million, and said the address retained 59,886.31 HYPE in shorts; it also cited $25.36 million in gains over 30 days but a cumulative loss of about $18.79 million. These figures do not align, and the reports do not clarify whether they use different snapshots or profit measures. The HYPE short reduction could ease some immediate selling pressure, while the sizeable remaining position may continue to weigh on sentiment. The address’s entry price and reason for reducing the HYPE short were not disclosed.

Trezor warned customers about a suspected hardware implant in a Safe 5 purchased through reseller CryptoBilis, which it removed from its authorised network on October 9. A buyer reported finding an extra circuit board, but as of October 30 Trezor had not received the device for laboratory testing. The company said it had no reports of customer losses. Eligible customers who bought CryptoBilis-supplied devices from March 2026 can request a replacement or voucher. Trezor advises affected owners to create a wallet with a fresh recovery phrase and transfer their funds; restoring an old phrase would not protect assets if it had been exposed. It also warned customers to watch for phishing attempts and said four other returned devices showed no signs of tampering. The warning brings renewed attention to hardware-wallet supply-chain security. Trezor said the suspected implant appeared similar to one in a separate Ledger case, but there is no public evidence linking the incidents or their attackers. Ledger confirmed an implant in an affected device that could capture a 24-word recovery phrase through the screen connection, without disrupting the security chip, operating system or normal signing functions. Researchers published overlapping estimates of losses linked to the Ledger investigation: Arkham traced $95.35 million across 1,486 addresses on October 29, while Bitquery counted $102 million across 335 wallets and six blockchains on October 16. These estimates are separate, not additive, and are not final manufacturer-confirmed figures. No losses have been confirmed in the Trezor case. The incidents underscore that verifying a security chip is not the same as checking an entire wallet for added components.

Bitcoin faces a volatile week as US midterm elections, the October jobs report due November 6, technology earnings and Federal Reserve commentary could shift expectations for crypto regulation and interest rates. Economists expect about 62,000 new jobs and unemployment near 4.2%; stronger employment may support higher-for-longer rates, lifting the dollar and Treasury yields and pressuring Bitcoin, while weaker figures could ease rate concerns but heighten growth worries. Bitcoin has struggled to hold $80,000 after dropping to about $76,000 following a major crypto hack, and it lost more than 7% in October. US spot Bitcoin ETFs recorded roughly $643 million in net outflows on October 30, although BlackRock’s Bitcoin fund attracted net inflows over the month. Election outcomes, ETF flows, major tech-company earnings and speeches by five Fed officials are further catalysts. Together, these factors could either help Bitcoin stabilize or extend selling pressure.

Two AI-generated scenarios outline highly speculative paths for SUI to reach high prices by 1 January 2027. An earlier Meta AI scenario put SUI at $28–$50, with a stretch target above $75, if enterprise technology and data firms adopted Sui for real-world asset tokenization and data coordination. A later Claude scenario lowered the range to $25–$45, with a stretch target above $70, and instead assumed adoption by major gaming, social media and AI developers building consumer apps and autonomous agents on Sui. Both articles stress that these are unlikely hypotheticals, not forecasts or confirmed adoption plans. The reported trading picture also shifted: SUI was around $0.92–$0.95 in the earlier article and $0.88–$0.91 in the later one. The later article identified support at $0.85–$0.88 and $0.80–$0.83, resistance at $0.95–$1.05, and a sustained break above $1.20–$1.40 as a possible sign of improving momentum. The earlier article cited support around $0.90–$0.92 and $0.85–$0.88, resistance at $1.00–$1.10, and $1.30–$1.50 as a stronger technical threshold. For SUI, any longer-term upside would still depend on broad crypto market strength, supportive monetary conditions and meaningful growth in adoption—whether for enterprise uses or on-chain consumer applications.

Cosmos contributors say ATOM tokenomics research is being prepared for public review, with potential changes to be submitted as separate governance proposals. An October 29 quarterly update outlined research into ATOM issuance rules, long-term staking incentives and a mechanism to direct future Cosmos Hub revenue into rewards. Contributors had planned to publish process details around November 20, with reviews expected to start in early December; these are tentative plans, not confirmed deadlines. The latest summary does not specify proposed changes, voting dates or effects on ATOM supply and demand. No changes have been approved, so traders will watch for further details and formal governance votes.

Dogecoin’s downside risks have increased. An earlier report said DOGE fell about 7.6% in a week to roughly $0.0802, breaking below the $0.081 level despite reported whale accumulation of around 600 million DOGE since Oct. 12. That price zone had been a major cost-basis area, but it did not hold as support. In the later update, DOGE traded near $0.075 after five consecutive weekly declines. Wallets holding 10 million to 100 million DOGE had sold about 120 million tokens since Thursday, while smaller whale groups accumulated roughly 100 million. This buying has not offset the larger holders’ selling, and on-chain indicators point to continued pressure. DOGE is below its 50-day, 100-day and 200-day exponential moving averages, near $0.082, $0.083 and $0.090. A move above $0.079 could be an early recovery signal, but resistance lies from $0.082 to $0.090. The key support is now $0.068; a daily close below it could expose Dogecoin to further losses. Earlier chart analysis also flagged liquidation concentrations near $0.0773 and $0.0844. Traders are watching whether DOGE can reclaim nearby resistance or whether persistent selling drives another test of support.

Ripple released 1 billion XRP in two back-to-back 500 million-token transactions recorded in the same ledger, an unusual departure from its typical monthly escrow schedule. The activity drew attention from XRP community commentators, including Digital Asset Investor, Xaif Crypto and BankXRP. Ripple later placed 700 million XRP back into escrow: 500 million in one contract and 100 million in each of two others. This re-escrow limits the net amount made available through the transactions, but the reports do not confirm how much XRP entered circulation or was sold. Commentators speculated that the XRP escrow movements could involve an institutional buyer, an over-the-counter (OTC) sale or changes to Ripple’s treasury management. None of these explanations has been verified. Traders may monitor further escrow activity and confirmed details, but the unusual XRP release and subsequent re-escrow do not establish a clear price direction.

The European Central Bank has selected two groups of providers to support connectivity for the digital euro, advancing technical preparations for a pilot. Their contracts could also help build infrastructure for a possible future issuance, but they do not mean the ECB has decided to launch the digital euro. The digital euro is a central bank digital currency, not a crypto asset, and the announcement does not directly signal a change in demand for Bitcoin or other cryptocurrencies.

Bitcoin recovered above $78,000 on Monday after a Binance hack report triggered a sell-off that sent BTC to a six-week low of $76,100 on Friday. The reported loss was $6.3 billion. Bitcoin has since gained more than $2,000, with its market capitalisation near $1.57 trillion and dominance just below 60%. The rebound followed an earlier recovery to around $77,500, but the wider market remained below pre-sell-off levels. The crypto market was mixed, with total market capitalisation near $2.61 trillion, compared with about $2.6 trillion after an estimated $80 billion decline. Ethereum approached $2,300, BNB traded above $710 and TRON rose 1.7% over 24 hours. NEAR fell 6.3% to $4.13, while BCH, TAO, ENA, AAVE, AVAX, PUMP and MORPHO also declined. Earlier trading saw AAVE rise more than 6% and STX gain 11%, while TRX, RAIN and HYPE fell. Traders are watching for further Bitcoin volatility as key macroeconomic events approach.

Bitcoin is trading near $78,600 after a fall of more than 7% in October, having recently dipped towards $76,000. Traders are watching U.S. midterm elections, jobs data, technology earnings and Federal Reserve commentary for signals that could move Bitcoin and broader risk markets. The September JOLTS report and October nonfarm payrolls are key releases; economists expect about 62,000 new jobs and unemployment near 4.2%. Strong employment data could bolster expectations of higher interest rates and support the U.S. dollar, weighing on Bitcoin. Weaker figures may ease rate concerns, although wages and unemployment will also shape the outlook. Election results could affect expectations for fiscal policy and crypto regulation, while Apple, Palantir, AMD and Super Micro Computer earnings will test risk appetite in the tech sector. Market-specific pressures add to the uncertainty: U.S. spot Bitcoin ETFs recorded $643.2 million in outflows on October 30, contributing to about $516 million in net redemptions for October. Binance reported a $6.3 billion security breach, says it has allocated $6.34 billion to restore affected assets and expects further proof-of-reserves verification on November 3. Bitcoin’s near-term direction may hinge on macroeconomic data, ETF flows and confidence in exchange security. The $77,000 area and the 50-week moving average, cited by Galaxy Research at about $76,540, are levels traders may monitor; a sustained weekly break below the average would carry more weight than a brief dip.

After the October 29 hack, Binance said it had prepared more than $6.34 billion to cover roughly $6.3 billion in stolen assets, initially reporting about 80% replaced. The exchange later said it had restored about 95% using company funds. Binance also said it was buying remaining assets through public markets and over-the-counter channels, and users would not bear the loss. About $3 billion in stolen funds remained frozen on-chain. Binance began reopening withdrawals in phases on November 1 for BTC, ETH, BNB and selected stablecoins across several networks. Some withdrawal routes remain unavailable, and full restoration has no announced date. The exchange says it will not fully reopen until security checks are complete. Deposits and unaffected services continued, while net customer withdrawals reached about $3.64 billion, or 2.1% of reported assets, before activity began to stabilise. The investigation is ongoing. Binance said it found no evidence that wallet private keys were exposed, but has not identified every suspected intrusion point; it has revoked affected authorisations and added security controls. It also planned a proof-of-reserves snapshot and publication of results. For traders, the Binance hack remains an exchange-security and confidence risk, while the asset replacement and gradual withdrawal resumption may limit further concern.

Bitcoin recovered to about $78,053 after falling near $76,100 amid a sell-off following the reported $6.4 billion Binance hack. Binance later said withdrawals were stabilising after customers pulled out a net $3.64 billion, and that it had replaced about 95% of the stolen assets. The rebound has yet to restore bullish momentum. Bitcoin remains below its 20-day and 50-day exponential moving averages near $80,200, while its daily RSI is around 39 and the daily MACD remains negative. A bullish crossover on the four-hour MACD suggests selling pressure may be easing, but a sustained move above $78,219 is needed to bring resistance at $79,485 and $80,508 into focus. Support lies near $77,761 and $76,460, with the recent low around $76,173. US spot Bitcoin ETFs recorded about $643 million in net outflows on October 30, their largest single-day withdrawal since June. Options markets also turned more cautious: the chance of Bitcoin topping $100,000 by Christmas fell to 3.5%, while the odds of finishing above $90,000 and $80,000 stood at 14% and 44%, respectively. Bitcoin has nonetheless closed seven consecutive weeks above its 50-week moving average near $75,728. Traders are watching the $80,000 resistance zone, ETF flows and whether support holds.

The Bitcoin price gap between Coinbase and Binance reached its widest point of 2026 on November 1, with BTC trading cheaper on Coinbase after adjusting for USDT’s value against the US dollar. The Bitcoin price gap widened after Binance suspended withdrawals on October 29, following unauthorized hot-wallet transfers reported to total nearly $6.3 billion. Binance said it would cover affected losses and that its investigation found no evidence of a private-key leak. CryptoQuant separately reported that the Coinbase Premium Index fell to -0.27% on October 29, its lowest reading since November 2022. However, the withdrawal halt restricted cross-exchange arbitrage, making the Bitcoin price gap a less reliable measure of US spot demand. Binance began restoring withdrawals in phases on November 1, including BTC, ETH and some stablecoins. Resumed transfers could help narrow the Bitcoin price gap, though delays, fees and liquidity conditions may slow the adjustment.

About 18,270 BTC stolen from a Binance hot wallet remain in 19 wallets, worth roughly $1.4 billion at the time of the theft. The Bitcoin was moved in 11 transactions, with 17 wallets holding 1,000 BTC each and the other two holding 832.5 BTC and 437.7 BTC. The funds have not been spent, although the wallets are receiving tiny transfers with permanent OP_RETURN messages, including pleas for a share and token promotions. The FBI attributed the broader, approximately $6.3 billion multi-chain theft to North Korea’s TraderTraitor group, linked to Lazarus. Binance says it will use its SAFU fund and company reserves to cover customer losses, and withdrawals were paused during the investigation. About $3 billion in assets linked to the breach have been frozen. Bitcoin transactions, however, cannot be reversed or frozen by an issuer: investigators can trace the coins, but recovery would require access to private keys or intervention if the funds reach an intermediary. For traders, the unmoved Bitcoin presents no confirmed immediate selling pressure, but a future transfer could renew concerns about liquidation and crypto exchange security. The breach and withdrawal pause may also weigh on confidence in Binance; the stolen Bitcoin remains traceable, but its recovery is uncertain.

South Korea’s proposed 2027 AI budget rises 97.2% to 21.3 trillion won ($15.5bn), from 10.8 trillion won in 2026. It is part of a record 820.9 trillion won national budget, up 12.8%, proposed by President Lee Jae-myung’s government. The AI budget prioritises semiconductors, robotics and physical AI, domestic AI data centres, infrastructure and advanced models. Plans include 4.7 trillion won for 10,000 next-generation GPUs and 250 billion won for a free public AI service. The wider plan includes a 162.3 trillion won Future Response Fund, largely supported by higher semiconductor tax revenue, and an 8.2% increase in defence spending to 73.3 trillion won. The government’s AI investment complements private-sector commitments of more than 800 trillion won for semiconductor fabrication and about 550 trillion won for AI data centres, involving companies such as Samsung Electronics and SK Hynix. The budget proposal is subject to parliamentary review, with approval expected by 2 December 2026. For traders, the AI budget points to sustained public support for chip and data-centre growth, but it does not indicate a direct catalyst for cryptocurrency prices.

Threshold Network has paused tBTC minting and redemptions while it carries out security maintenance following disclosure of Linux kernel vulnerability CVE-2026-98432. The flaw could enable remote code execution on vulnerable servers. Threshold says tBTC node operators have patched their systems or taken nodes offline, with no evidence the vulnerability was used to attack the network. Threshold reports about 4,320 BTC in reserves against roughly 4,185 tBTC in circulation, a coverage ratio of around 103.2%. It has found no reserve losses or unauthorised tBTC minting. Separately, about 0.5 ETH was taken from an operator’s fee-paying account; the operator said its node was offline and found no evidence that signing keys were accessed. Threshold says moving bridge reserves requires signatures from a majority of independent operators, so a single operator cannot transfer the BTC alone. Aave has also paused new tBTC deposits and borrowing. Although tBTC was trading near BTC, at about a 0.11% discount at the time reported, protocol redemptions remain unavailable, leaving holders exposed to secondary-market liquidity and slippage risks. Threshold initially said it would provide an update within 24 hours, but has not announced a reopening date; services are expected to resume after security work is complete.

Web3Caff Research’s reports for 17–30 October 2026 trace growing interest in AI payments and blockchain across China’s payment sector. The earlier report examined real-time and autonomous transactions, cross-border settlement, CIPS, the digital yuan, mBridge and Hong Kong dollar stablecoins. The later report added examples of AI-agent payment exploration by UnionPay, Ant Group and WeChat Pay, and discussed protocols including APOP, ACT 2.0 and AMP. Both reports highlight interoperability, cross-platform compatibility, cost control, cross-border compliance and risk management as challenges. The later market overview also flags stablecoins, tokenized assets, Ethereum infrastructure, privacy tools and protocol standardization as key Web3 themes. The reports give no specific market data, funding figures or token announcements, so AI payments and blockchain adoption are longer-term themes rather than immediate trading signals for ETH or other crypto assets.

South Korea’s KOSPI reversed an early loss of nearly 2% and rose 2% on the day, extending an earlier recovery from a drop of more than 1.5%. Chip stocks also strengthened: SK Hynix moved from a modest gain to a 3.8% rise, while Samsung Electronics reversed an earlier decline to gain 1.3%. The KOSPI rebound points to firmer sentiment in South Korean equities, but the reports identify no direct connection to cryptocurrency prices or trading activity.

Blockworks Research compared five revenue-generating crypto tokens, finding that token-holder value depends on buybacks, burns and distributions—and on whether new issuance dilutes those benefits. Estimates are annualised from the 30 days to 28 October. The later analysis adds revenue and mechanism details to the initial comparison. HYPE leads with $773 million in annualised revenue, but staking-related issuance offsets much of Hyperliquid’s buyback benefit, leaving a dilution-adjusted annual accrual yield (DAAY) of 0.29%. SKY’s DAAY is 3.8%, with some value distributed through SKY purchases and USDS payments; holders must stake, and governance can change the arrangements. CAKE generates an estimated $48 million in annualised revenue and has been net deflationary for 37 consecutive months. Its DAAY is 2.2%, as fee-funded burns are partly offset by emissions; implementation and proposed changes to fee allocations and emissions are also relevant. AERO earns about $92 million annualised, but emissions currently exceed holder accruals, producing a DAAY of -6.2%. The analysis says emissions would need to fall below roughly 6% for that measure to turn positive. UNI generates an estimated $87 million in annualised holder value—about 8% of Uniswap’s $1.04 billion in fees—but its DAAY is -1.3%, as token burns do not offset new supply from a growth allocation. For traders, the comparison shows why crypto token value cannot be judged by protocol revenue alone: buybacks, burns, distributions and dilution all affect potential holder returns. These estimates do not establish that any token is undervalued or a good investment.

Binance co-CEO He Yi said she knows Primitive Ventures co-founder Dovey Wan, but denied rumors that they are close friends or that Wan accompanied her during childbirth. He Yi said personal connections cannot secure a Binance listing; if a project were listed solely through such ties, it would expose weaknesses in Binance’s review process. She also discussed Binance listings and initial exchange offerings (IEOs), calling the 2019 IEO boom an exceptional period when liquidity was concentrated on Binance and decentralised exchanges were less developed. As decentralised exchanges expanded, venture-backed tokens increasingly launched at higher valuations. He Yi’s comments did not announce a policy change or concern a specific token. She has also cautioned that trading and investing do not guarantee profits, noting that the broad market rise in 2017 was a feature of that period. The remarks may renew scrutiny of Binance listing standards, but have no direct price catalyst for a particular asset.

Plasma (XPL) fell 18% in one minute on Hyperliquid on 1 November, while Bitcoin declined just 0.04%. An on-chain investigation found that 16 wallets held about 269 million XPL in long positions, worth roughly $23.1 million, before the plunge. Fourteen wallets showed links through funding or trading activity, although investigators could not identify their controllers. Twelve wallets withdrew a combined $2.039 million before the crash. They accounted for 90.7% of the positions later taken over by Hyperliquid’s HLP liquidation vault, which assumed about 160 million XPL and lost approximately $555,800—around 55.6% of its funds—as it closed the positions over about 75 minutes. The 16 wallets lost about $711,000 on Hyperliquid overall, and investigators found no evidence that they profited there. The XPL sell-off began before Hyperliquid’s first liquidation: the token had already fallen about 6%, and Binance recorded heavier trading and aggressive selling in the initial phase. Investigators could not establish that the wallets caused the crash or determine whether they hedged elsewhere. The episode highlights how concentrated XPL positions, limited order-book depth and withdrawals near minimum margin levels can intensify volatility and strain liquidation backstops, leaving XPL exposed to further sharp moves.

Zcash faced increased selling pressure in late October as a dispute over Zcash Community Grants (ZCG) raised concerns about governance and oversight. ZEC briefly reached about $1,280, then traded around $1,220–$1,245, below resistance near $1,390 and its late-September high of $1,698. Its reported market capitalisation was $21.8 billion.

Coinbase reported third-quarter 2026 net income of $719 million, up 66% year on year, reversing two quarterly losses. But the headline profit relied heavily on a $715 million pre-tax gain from crypto holdings; adjusted net income excluding those gains was $78 million. Revenue fell 35% to $1.216 billion, operating profit dropped 87% to $61.7 million, and trading revenue declined 44% to $590 million as spot volumes weakened and monthly transacting users fell from 9.3 million to 7.4 million. Subscription and services revenue decreased 20% to $570 million, although it accounted for a larger share of revenue. USDC-related income was comparatively resilient as average USDC held across Coinbase products reached a record $22 billion, but lower interest rates weighed on returns. Coinbase also said prediction markets surpassed $200 million in annualized revenue, adjusted EBITDA rose 60% quarter on quarter to $333 million, and it cut its 2026 adjusted expense forecast by $100 million. The filing disclosed Rule 10b5-1 stock-sale plans covering up to 13.59 million shares for CEO Brian Armstrong, co-founder Fred Ehrsam and President Emilie Choi. The plans have price conditions and future execution windows, so they do not signal immediate sales, but their scale may concern investors. Coinbase shares fell about 4.8% in pre-market trading after the results; an earlier report noted a 1.1% daily decline. For crypto traders, Coinbase’s results underline its exposure to crypto prices and trading activity, while highlighting the growing role of stablecoin revenue.