ZEN

Binance Co-CEO Richard Teng sat down with Fox to talk about the recent security incident. Worth a watch 👇 He opened with an apology: “this should not have happened.” He described it as a highly sophisticated, multi-month campaign that the FBI has attributed to North Korea. The attackers used fake recruitment interviews, malicious software disguised as developer tools, and AI techniques. Not one mistake or one click. What stood out to me is the response: 🛡 Users came first Binance said it bears the full financial impact. It set aside more than 100% of the amount and has replenished 98% of impacted assets. The remaining 2% are less liquid tokens being procured without disrupting markets. You can verify balances yourself through Proof of Reserve. 🔒 The holes are closed All identified entry points have been closed and affected systems rebuilt or replaced. Device controls are tighter, wallet-service risk controls are stronger, and AI anomaly detection has been expanded. 🚨 This wasn’t a one-off threat Binance says it detected and prevented 57 other suspected North Korea-linked cyberthreat cases this year. 💰 Recovering what can be recovered Working with law enforcement, issuers and blockchain intelligence firms, about $2.85B has been frozen or intercepted so far. The bigger lesson is for the whole industry: ⚡ Attacks are scaling fast: from one hack a month, to one a week, to four exchanges in a single day. AI is shortening attack timelines and making them more sophisticated. 🤖 The only defence that scales against AI is AI. Security has to be AI-driven and run at AI speed. 🤝 That means crypto firms working closely with leading AI and security companies, and investing heavily in engineers, AI tools and embedded AI security. As Richard put it, if this can happen to a platform spending heavily on security, it can happen to anyone. What matters is how you protect users and get stronger afterwards. Full details are in Binance’s official security report 👇 nitter.gq/binance/status/2117626…

📈 $BTC is up to $78,380 in a V-shaped comeback, after an early low just below $76K, as midterm uncertainty fades 🗳️ Early reports show Democrats winning both chambers of Congress, but analysts say it was largely priced in (Polymarket had Democrats above 75%). The bigger driver was the removal of uncertainty. 📊 Election-day $BTC options volume hit ~$660M, with ~$420M of calls bought vs ~$105M sold 🔻 US spot $BTC ETFs: $515M in outflows last month, and the same again in the first two trading days of November Altcoins: $ETH $2,324 (+3.1%), $XRP $1.28 (+2.4%), $HYPE $86.87 (+4.1%), $SOL $93.27 (+1.6%) 10x Research’s Markus Thielen says $BTC is oversold on the daily and could rally toward $82K. Resistance sits at $80K-$82K. #Bitcoin #Midterms #Crypto

🏦 OKX’s 49th proof-of-reserves report (Nov 1 snapshot) shows customer $BTC up 9.66% from the Oct 3 snapshot to 156,609 BTC, an increase of 13,800 BTC (~$1B+) 📊 Total customer holdings: ~$12.04B 📊 $ETH: +2.95% to 1.92M 📊 $USDT: -9% to 7.96B 📊 ethereum:0x75231f58b43240c9718dd58b4967c5114342a86c: -0.08% to 19.68M The snapshot doesn’t show how much of the $BTC increase arrived after the Binance hack. Binance context: 🔻 Lost $6.3B to hackers 🔻 Tracked assets fell from ~$144.9B (Oct 29) to ~$128.3B (Nov 2) 🧊 Tether froze $1.5B+ tied to the hack 🔄 Binance plans new reserve snapshots on Nov 4 OKX’s 50th report in early December will be the first to cover a full month after the hack. #OKX #Binance #Crypto

📉 $BTC fell below $77,000 on Tuesday as a chip selloff spread to global markets, wiping out Monday's rebound and sitting just under the ~$77,600 low from late Sunday 🔻 $ETH: -2%, just above $2,250 🔻 $ZEC: -10% to ~$1,140 🔻 $HYPE: -5% to ~$84 🔻 $SOL: -3% to ~$92 🔹 $XRP: flat at $1.25 🟢 $TRX: +2% 📊 US chipmakers' 3-day slide extended to 12% 📊 Nasdaq 100 is 10% below its peak, a correction 📊 Kospi fell more than 3% Oil plunged on hopes the Iran war is nearing its end, but sentiment didn't lift. US midterm results are expected as Asian markets open Wednesday. #Bitcoin #Crypto

🔓 More than $879.9M in token unlocks hit the market in the first week of November 1️⃣ $BTW (Bitway), Nov 2: 101.63M tokens (~$109.66M), 3.37% of released supply 2️⃣ $KITE, Nov 3: 640M tokens (~$78.30M), 17.41% of released supply, going to team/advisors (400M) and investors (240M) 3️⃣ $HYPE, Nov 6: 180,000 tokens (~$15.72M), 0.08% of released supply, all to core contributors (the schedule listed 9.92M, but the team committed to only 180K) Also on the radar: $MMT, $ENA, $HMX. The $BTW and $KITE unlocks are pending verification (Tokenomist), so those figures are projections. #TokenUnlocks #Crypto

📉 $BTC closed October down 7.32%, its worst October since 2014 and the first back-to-back October decline in 14 years Why: 🔹 The $6.3B Binance hack on Oct 29 (~$3B in stolen assets reportedly frozen; Binance pledged to cover user losses) 🔹 $1.5B+ in liquidations in the first 24 hours 🔹 ~$643M in US spot ETF outflows on Oct 30 Across 16 Octobers since 2010, 11 were positive, with a median gain of 12.9%. $BTC is down ~11.2% in 2026. Over the last 7 days it traded between $76,337 and $81,840. Levels to watch: 🔻 Support: $76K-$76.5K, then $75K and $73K 🔼 Reclaim $78K-$80K to improve the near-term picture November’s median return is +10.3%. #Bitcoin #Uptober #Crypto

🚨 Binance has reportedly been hacked for over $5.8 BILLION! However, $2.41 billion in stolen funds has already been frozen: $1.58B in $USDT $823M in $USDC That's a massive intervention by stablecoin issuers.

🔻 $ETH is on course for its worst October since 2018, down 13.6% this month and trading at $2,328 (2018: -15.5%) 📊 US spot $ETH ETFs: ~$1.35B in outflows, with net outflows on 17 of 20 trading days (SoSoValue). That’s the 2nd-largest monthly outflow on record, behind only Nov 2025 ($1.42B) 🐋 Long-dormant wallets moved ~56,000 $ETH (over $140M) between Oct 5-29, and 4 of the 5 largest transfers went straight to Coinbase or Kraken 🐋 Latest: a wallet idle for 3 years sent its full 2,119 $ETH to Coinbase An exchange deposit doesn’t prove a sale. Levels to watch: 🔹 Reclaim $2,400 for the first sign of strength 🔹 Hold $2,295; a break opens support at $2,207-$1,725 #Ethereum #ETH #Crypto

💰 The USDC sitting in my Binance Futures account used to just… sit there as margin. Now it can earn a 2% APR reward while I trade 👀 Here's how it works, simply: 💰 What counts USDC you already hold in your Binance Futures or Portfolio Margin account. Rewards apply to eligible Net USDC Holding up to $1,000,000. 📊 How to qualify Trade at least $2,500 in USDC-M Futures volume during each weekly period. Hit it, and you get that week's rewards. 🗓 Four weeks, four chances • Week 1: Oct 27 – Nov 2 • Week 2: Nov 3 – 9 • Week 3: Nov 10 – 16 • Week 4: Nov 17 – 23 Each week has its own threshold and its own settlement. Miss one? There are still others left. 🧮 The math (Binance's own example) Daily reward = min(daily avg Net USDC Holding, $1M) × 2% ÷ 365 Someone holding $1.5M in USDC with $3K in weekly USDC-M volume gets ≈ $383.56 for the week. Only the first $1M counts. ⚙️ Good to know • Holdings are snapshotted at random times each day • Rewards accrue daily and are paid weekly in USDC to your Spot account, within 5 calendar days after each week ends (excluding weekends and UAE public holidays) • Portfolio Margin users: your Margin USDC balance counts too, minus any USDC liability • Sub-accounts are aggregated under the master account • Negative Net USDC Holding doesn't earn rewards ⚠️ Fine print Identity-verified master accounts only. Broker accounts aren't eligible. The 2% APR is an annualized illustration of the maximum reward. It's not interest, and it's not a guaranteed return. If you're already trading USDC-M Futures, this is basically a bonus on collateral you were holding anyway. Are you keeping USDC in your Futures account? 👇 #NFA #DYOR

🚀 Galaxy says #Bitcoin’s bear market ended in June and conditions favor a return to $125K (Alex Thorn, head of firmwide research) Thorn: “Bitcoin has proven its ability to run to at least $125K” Why: 🔹 $BTC logged 5 straight weekly closes above its 50-week average after 44 weeks below it 🔹 The 53% max drawdown was shallower than in prior bear markets 🔹 Spot ETFs added 87,000 BTC after the June low 🔹 Long-dormant coin movement fell to 34K BTC in 2026, from 67K in 2024 🔹 Stablecoin supply is up 129% since early 2024 to $304B, which he reads as capital staying in crypto The thesis weakens on a weekly close below the 50-week average (~$76.5K) that isn’t recovered within a month, or if ETF holdings fall below 1.22M BTC. $BTC trades near $81K. #Bitcoin #Galaxy #Crypto

🐋 Three fresh Solana wallets, likely one whale, moved 482,228 $SOL (~$49.17M) over 3 days starting Oct 23 🔹 171,430 $SOL (~$17.3M) has been deposited to exchanges so far (Lookonchain) 🔹 ~291,700 $SOL (~$29M) still sits in the 3 wallets, which are still sending transactions Onchain analysts say the wallets were all intended for sale. 📉 $SOL trades near $100, down 17% in 30 days and 66% below its $293.31 ATH Supportive points: ~71% of $SOL supply is staked, and Circle has minted $112B of $USDC on Solana in 2026. #Solana #SOL #Crypto

💵 The stablecoin market cap has shed $12.73B since May 22 and now sits at $300.36B (DefiLlama, Oct 25) 🔻 $USDC: $71.74B, down $4.69B in 30 days, about 80% of the monthly contraction 🔻 $USDT: $182.42B (60.74% share), down $1.29B in 30 days 🔻 $USD1: -$444.67M, $USDe: -$305.61M 🟢 $PYUSD: +$239.53M, $USDf: +$511.16M 🔻 Tokenized Treasuries: $16.2B (Aug 12) to $14.65B (Oct 25) Crypto’s dry powder is thinning, with $BTC near $80K, well below its $126K peak. But supply alone can’t show whether capital left crypto or just moved elsewhere. #Stablecoins #Crypto

📉 $BTC and gold are the two worst-performing major assets of 2026 (Charlie Bilello, Creative Planning, data through Oct 23) 🔻 $BTC: -7.3% YTD, last among 21 asset classes, at $80,472 and ~35% below its $126K peak 🔻 Gold: -7.5% YTD, closed at $3,995.81 after dropping below $4,000 for the first time since July For comparison: 🔹 Commodities: +52.5% 🔹 US large caps: +12.3% 🔹 T-bills: +2.9% Neither asset pays interest, so higher oil, inflation, and rate-hike fears weigh on both. CME FedWatch shows a 68% chance of a December hike, and the Fed decides Wednesday. #Bitcoin #Gold #Crypto

🤖 Grayscale research head Zach Pandl flags 3 blockchain projects at the crossroads of crypto and AI infrastructure 🔹 $PEARL: +580% in 3 months through Oct 22. It lets GPUs run AI tasks while securing a proof-of-work chain, and Grayscale cites a 93.5% jump in hash rate 🔹 DATA Network: 280M verified records of human-contributed AI training data, moving to Sui with Walrus storage 🔹 USD.AI: GPU-backed lending with $400M+ deployed and a $100M Bullish credit facility #Crypto #AI #Grayscale

⚠️ $BTC trades near $80.1K after briefly dipping below $80K on Saturday (low: $79,220), as Trump says the US could strike Iran as soon as Sunday or reach a deal 💥 $543.68M liquidated in 24h, $461.19M of it longs (CoinGlass) 🔻 US spot $BTC ETFs lost $635.49M on Oct 22, after a $528.40M outflow the day before 🛢️ Brent crude at $117.30 Glassnode puts the cost basis of ETF and treasury-company holders at $80K-$81.5K. A daily close below $80K would leave the average holder at a loss, with the True Market Mean near $77.6K in view. Next up: the Fed decision on Oct 28. #Bitcoin #Iran #Crypto

📉 CryptoQuant’s $BTC Bull Score Index fell from 80 to 60 since late September, after peaking at 90 🔹 The index combines 10 indicators covering demand, investor profitability, network activity, and liquidity 🔹 Readings above 60 are consistent with positive momentum Darkfost (CryptoQuant): “As long as it stays above 60, the overall momentum remains positive.” Weak spots: 🔻 Insufficient incoming liquidity 🔻 Slowing growth in $BTC demand 🔻 Weak sustained profitability among short-term holders All three “still need to improve further before bitcoin can make more progress.” $BTC trades near $81.7K. #Bitcoin #CryptoQuant #Crypto

📈 US spot $BTC ETFs pulled in $1.08B in 3 days (SoSoValue), but the pace is still below what fueled past steep rallies 📊 Past 3 rallies since Jan 2024 averaged ~$235M in daily inflows, with 39 days of $500M+ and 6 days of $1B+ 📊 Since Jul 1, inflows average ~$86M a day, with no $1B day and only 7 days of $500M+ 📈 $BTC is up ~39% since Jul 1, from ~$60K to ~$83.5K Giottus CEO Vikram Subburaj: “Institutional demand shows tentative improvement. However, flows remain volatile.” #Bitcoin #ETF #Crypto

📰 Coinbase Predict’s 8 big stories (Oct 20): 🏦 JPMorgan’s 2027 LTCMA projects a 10% annual $BTC return over 10-15 years, vs 7.5% for US large caps and 5.5% for gold 🇨🇭 Swiss regulator FINMA approved a retail ETF holding bitcoin directly (BBIT), expected to trade on SIX in November 📈 Saylor puts the market bottom just under $60K and says $BTC is “definitely moving back into the six figures” 🚀 SpaceX Q3 revenue: $14.58B, beating estimates 🤖 Anthropic H1 revenue: $16.3B (WSJ) 📊 Grok Bot daily users hit 450K, up 200% since September 🧬 OpenAI acquires Orchestra Bio 🏛️ CFTC holds its inaugural “super intelligence” forum on Oct 28 #Bitcoin #Crypto #AI