Barely the reopening of withdrawals on Binance after the crypto hack, over 4 billion $ evaporate in a few hours. Meanwhile, the FBI issues an international wanted notice against a suspect.
Barely the reopening of withdrawals on Binance after the crypto hack, over 4 billion $ evaporate in a few hours. Meanwhile, the FBI issues an international wanted notice against a suspect.
Bitcoin lost 7.32% in October, ending three consecutive months of gains and the traditional "Uptober" scenario. November will not start with a blank slate: before considering a new bullish phase, the market will first need to recover the abandoned levels, restore confidence, and absorb the consequences of the Binance hack.
Ethereum ended October 2026 with a decline of 16.06%, while US spot ETH crypto ETFs recorded $1.61 billion in net outflows. A monthly record since their launch in July 2024. The market's second largest cryptocurrency thus closes three consecutive months of gains, with a price back around $2,250. BlackRock accounts for most of the withdrawals.
On the night of October 17 to 18, an attacker emptied 1,404 Qubic wallets, or 2,940 billion QU. The response followed within hours: the Computors stopped the network, freezing 87.1% of the stolen funds on site, and MEXC blocked in about an hour the account that had received the rest. Twelve days later, the network is running again, 293 billion QU have returned from the exchange to the chain, and the first verified owners have been reimbursed. The flaw did not come from the protocol but from seed generation on certain Apple devices, and it also concerns intact wallets.
The cryptocurrency market is approaching a new observation point, while traditional assets are holding up better. Mike McGlone, senior commodity strategist at Bloomberg Intelligence, warns of a possible inflection. According to him, the performance of bitcoin against U.S. Treasury bonds could weigh on several markets. The 80,000 dollar threshold notably draws his attention. A prolonged weakness below this level could exacerbate difficulties in the sector.
Binance begins to come out of the crisis. On Sunday, November 1, the platform reactivated withdrawals on the Bitcoin network, the first network to return to normal operation since the suspension on October 29. At the same time, it announces having replenished 95% of the stolen assets. An encouraging figure, although customers will still have to wait to recover certain funds.
Fitch maintained France's sovereign rating at A+, but lowered its outlook from "stable" to "negative". Behind the expected debt around 124% of GDP in 2028, the most concrete danger comes from the gradual refinancing of old loans at rates close to 5%.
Ethereum faces a threat after the Binance hack. North Korean hackers are said to hold more than 420,000 ETH, nearly one billion dollars at prices observed at the end of October. These funds could be resold on the crypto market while liquidity remains fragile. Binance has however replenished 95% of the affected assets, and several technical indicators hint at a possible rebound.
The cryptocurrency sector is facing an unprecedented attack. Nearly 6.4 billion dollars were allegedly stolen during an intrusion targeting Binance, one of the leading global exchange platforms. The incident raises questions about infrastructure security, attacker responsibility, and fund protection. While several billion have already been frozen, a significant portion of the loot remains in the hands of the hackers. Here are the known facts and the main areas of uncertainty.
Gold, silver, tech stocks, and bitcoin simultaneously declined on October 30, contrary to the usual behavior of safe havens. For Peter Schiff, this widespread sell-off signals a liquidity tension, but it may also reflect a temporary rush to the dollar amid margin calls.
The Binance hack darkens a week that had otherwise started well for Bitcoin ETFs. After four consecutive days of inflows, these funds experienced $643.33 million in outflows on Friday. Just one session was enough to erase the week's gains and push their assets under management back below $100 billion.
Bitcoin, Ethereum, XRP, and BNB all experienced a sharp increase in volatility after the Binance hack. However, comparing their declines shows very different situations: BTC still defends a long-term trend, while XRP and ETH need to rebuild several lost supports.
Chainalysis, one of the leading blockchain analysis companies, was the victim of a cyberattack using techniques associated with artificial intelligence. The company confirmed on October 30, 2026, that a hacker had accessed its internal systems and certain client data. Names, email addresses, and identifiers are among the compromised information. Crypto investigation records and passwords do not appear to have been affected, according to initial investigations.
Eighteen years after the publication of the white paper, Satoshi Nakamoto's project has far exceeded the initial scope of a rudimentary digital currency. Bitcoin has inspired an entire industry, new financial uses, and several phenomena that have entered popular culture. Yet, its journey raises a central question: should its success be measured by its adoption as an asset or by the lasting influence of its technology? Between hacks, institutional networks, and new uses, its legacy now appears broader than expected.
OpenAI has reportedly reduced its fundraising target by 10 billion dollars, according to the Financial Times on October 30, 2026. The company behind ChatGPT is now seeking 20 billion dollars, down from the initial 30 billion. Its targeted valuation also decreases from 1,400 to 1,250 billion dollars. This revision comes as investors become more cautious about the colossal spending in AI.
Pi Network deploys four updates to facilitate the creation, launch and monitoring of applications before its first Ecosystem Summit. These tools reduce several technical obstacles, but only one new feature directly creates measurable demand for the PI token.
Bitget has launched #NoCap, a new affiliate program that offers a 40% base commission for as long as referred users keep trading. The percentage may look familiar, but the lifetime payouts and broader asset coverage give the offer a different edge.
Exchange-traded funds (ETFs) linked to bitcoin are going through a delicate period. For the first time since late July, their cumulative net flows over 30 days have returned to negative territory. This change occurs while the market is experiencing a new decline and investors are monitoring several price levels. However, outflows remain limited compared to previous waves of withdrawals. Does this signal a real institutional trend change?
The record theft of 6.4 billion dollars suffered by Binance only caused Bitcoin to retreat by about 4%, compared to nearly 11% during a failed attack in 2018. This resistance mainly reflects a new distribution of liquidity: a growing share of BTC now escapes the panic reactions typical of crypto platforms.
Elon Musk chose irony to react to the Binance hack, which resulted in estimated losses of $6.36 billion. But Changpeng Zhao (CZ) did not appreciate the joke. The founder of Binance responded by recalling a rather embarrassing financial detail for his critic: the $500 million invested by Binance in the acquisition of Twitter in 2022 is now worth more than $1 billion in SpaceX shares.
The theft of 6.3 billion dollars suffered by Binance resulted in more than 1.5 billion dollars of liquidations in the crypto market. However, the magnitude of the drop is not only due to the hack, as the massive use of leverage and the decline of technology stocks amplified the initial shock.
A hack estimated at 6.3 billion dollars puts Binance facing a major recovery operation. The platform is now looking to recover part of the stolen assets, with the support of law enforcement and industry partners. In this case, the announced freeze of 3 billion dollars constitutes a first challenge. The company also claims to have mobilized its resources to cover the losses related to this security breach. The case now also involves American authorities.
Trezor asks CryptoBilis buyers since March 2026 to move their crypto assets after the reporting of an implant in a Safe 5. The device has not yet been examined.
North Korea is believed to be behind the $6.3 billion hack suffered by Binance on October 29. TRM Labs attributes the attack to the TraderTraitor group with a high level of confidence. Crypto investigator ZachXBT found another clue: stolen funds from Binance and Bitget ended up at the same address. The platform has not yet confirmed the identity of the hackers.
Bitget has teamed up with Reality and Keyring to explore a new way of earning returns from tokenized stocks. Their joint study examines a strategy that combines tokenized shares with short equity perpetuals. However, the results reveal a significant gap between the funding income generated and what investors could actually keep.
Nearly 4 million BTC held long-term show an estimated acquisition price between 85000 and 118000 dollars. This concentration turns any bitcoin rise into a possible "repayment market", where some investors might sell as soon as they recover their investment.
XRP is going through a difficult period, but investors in American crypto ETFs do not seem in a hurry to reduce their exposure. On October 29, the token was trading around $1.29, nearly 25% below the estimated average acquisition price of the funds. Yet, their monitored holdings decreased by only 0.26% between October 23 and 28. Six spot ETFs still held approximately 1.17 billion XRP.
Polymarket suspended its trades for about an hour after the diversion of at least $2.6 million belonging to its users. The attack did not target the blockchain itself, but a performance measurement tool integrated into the site, revealing a often overlooked weakness of non-custodial platforms.
Strategy has just published historic quarterly results, driven by the increase in the valuation of its bitcoin reserves. The group reports nearly 21 billion dollars of operating profit in the third quarter of 2026, despite a decline in its revenues. This financial performance occurs in a context marked by an evolution in its dividend policy, repurchases of preferred shares, and a change in financial management. Michael Saylor also anticipates a new bitcoin bullish cycle.
Vitalik Buterin points out a limit of artificial intelligence: despite its extensive knowledge, it struggles to assess the depth of a text, especially when discovering it for the first time. For the co-founder of Ethereum, this difference between knowledge and wisdom deserves special attention.