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PropMarketCapFRESHExchanges and infrastructure

$6.3 billion stolen from Binance hot wallets: crypto exchange has not resumed withdrawals

On Thursday, about $6.3 billion was withdrawn from Binance wallets — the largest theft in crypto market history. The exchange has reserved $6.34 billion to compensate clients, but withdrawals for users still do not work.

PropMarketCapFRESHExchanges and infrastructure

An hour of downtime on the Kraken crypto exchange at the height of the crash: spot, derivatives and API all at once

On October 30, the Kraken trading platform (one of the world's largest crypto exchanges) was completely down for about an hour - from 05:42 to 06:42 Moscow time. The outage coincided with a market slump following the $6.3 billion Binance hack.

PropMarketCapFRESHExchanges and infrastructure

BTC is cheaper on Coinbase than on Binance: this hasn't happened since FTX's collapse

On October 29, the Coinbase Premium Index dropped to -0.27% — the lowest since November 2022, when the FTX exchange collapsed. Put simply, US investors are selling BTC more actively than they are buying it.

PropMarketCapFRESHRegulation

FCA pushes HTX out of the UK: advertising ban until 2031

HTX (a crypto exchange formerly known as Huobi) has agreed to stop attracting clients from the UK. The commitments were formalized through the High Court of London and are valid until October 21, 2031.

PropMarketCapFRESHCrypto market

In 24 hours, $1.65 billion was liquidated on the crypto market: BTC dropped to $76,000

Bitcoin's crash amid reports of a Binance hack wiped out the positions of 254,258 traders. Almost 86% of the total volume was long positions, i.e., bets on growth.

PropMarketCapFRESHCurrencies, commodities and indices

Intel shares on Nasdaq plunged 30.22% - the worst day in 55 years of listing

Intel shares collapsed on Friday from $92.07 to $64.25, and the company lost about $147 billion in market capitalization in a single session. Intraday, the decline exceeded the record of July 5, 1974, which had stood for 55 years.

PropMarketCapFRESHInstitutional players and funds

BTC volatility hits highest since August as 22,159 BTC leaves Binance in a day

After the hack of Binance hot wallets, options traders priced in the strongest Bitcoin swings since August, and the net outflow of coins from the exchange set a yearly record: 22,159 BTC, about $1.7 billion, on October 29 alone.

PropMarketCapFRESHExchanges and infrastructure

Largest theft in crypto history: Binance crypto exchange reserved its $6.34 billion

Late in the evening on October 29, about $6.3-6.4 billion across 10 blockchains was withdrawn from Binance's hot wallets (network-connected storage from which client payouts are made). This is the largest theft in the industry's history - roughly four times larger than the $1.5 billion Bybit hack in February 2025.

PropMarketCapFRESHCrypto market

ETH plunged below $2,200: $360.5 million in liquidations on the crypto market in a day, 84.7% longs

On Friday, Ethereum dipped below $2,200, losing 3-4% for the day. Over 24 hours, $360.5 million worth of positions were forcibly closed on the market, and almost all of that amount was bets on growth.

PropMarketCapFRESHExchanges and infrastructure

Chainalysis: Binance hacker moved $325M through exchangers to evade stablecoin freeze

Analytics firm Chainalysis (a company that tracks coin movements on the blockchain and works with exchanges and regulators) has traced the Binance hack: the attacker managed to convert about $325M into other assets to bypass blockades. In parallel, roughly $2.8B has been frozen in connection with the incident.

PropMarketCapFRESHCurrencies, commodities and indices

Nasdaq 100 falls 2% after earnings reports: Intel -23%, Alphabet -12.6%, Amazon -7%

By 11:07 Moscow time on October 30, the Nasdaq 100 futures were losing more than 2% and trading around 28,960 points. The reason: weak guidance from three of the largest technology companies at once and growing concerns over their spending on artificial intelligence.

PropMarketCapFRESHExchanges and infrastructure

Binance revealed the scheme behind the $6.3 billion theft from the crypto exchange: 11 keys, 50 attempts, one worked

Binance co-CEO Richard Teng stated that no traces of a private key leak (secret access codes to wallets) were found. At the same time, 11 keys of the exchange's hot wallets (wallets connected to the network for fast payouts) signed transfers to the attacker's address. Withdrawals from the exchange are still halted.

PropMarketCapFRESHCurrencies, commodities and indices

Intel shares on Nasdaq plunged 23.6% overnight: minus $115 billion after a strong report

Intel shares (the largest American processor manufacturer) fell 23.56% to $70.39 in Friday's overnight trading - that's minus $21.69 from Thursday's close of $92.07. The market punished the company not for the past quarter, but for its guidance for the coming ones.

PropMarketCapFRESHInstitutional players and funds

Strategy (formerly MicroStrategy): $19.53 billion profit for the quarter and $432 million in Bitcoin sales

Strategy (Michael Saylor's company, the largest corporate holder of Bitcoin) reported third-quarter 2026 results with net income of $19.53 billion versus $2.79 billion a year earlier. Almost all of it is paper: it is a revaluation of crypto reserves, not business income.

PropMarketCapFRESHExchanges and infrastructure

The largest crypto theft in history, $6.36 billion from a crypto exchange, was attributed to DPRK hackers

Analytics firm TRM Labs linked the Binance hack "with high confidence" to the TraderTraitor group - the FBI's name for North Korean state hackers, who are classified as part of the Lazarus Group. This is four times more than the $1.5 billion stolen from Bybit in February 2025.

PropMarketCapFRESHCurrencies, commodities and indices

KOSPI plunged 5.25%: the market is selling off memory manufacturers

On Friday, South Korea's main KOSPI index plummeted 5.25% to 5,626.02 points (05:20 MSK). SK hynix lost 8.65%, Samsung Electronics - 6.03%. The reason is investors' doubts about the returns on artificial intelligence investments, not poor earnings reports.

PropMarketCapFRESHRegulation

Circle cuts limits on legacy USDC cross-chain transfers starting October 31

Circle, the issuer of the USDC stablecoin (a coin whose rate is pegged to the dollar), is lowering limits on USDC transfers between blockchains via the old scheme starting October 31. The contracts of this scheme themselves will be halted on December 1, and holders of USDC on the Noble network have their own exit deadline - January.

PropMarketCapFRESHExchanges and infrastructure

CoinDCX, India's largest crypto exchange, disabled new futures after Binance hack

India's largest crypto exchange CoinDCX banned opening new futures positions (leveraged contracts on an asset's price). The reason is a security incident at Binance, from which CoinDCX sources a significant portion of liquidity for its futures market.

PropMarketCapFRESHExchanges and infrastructure

Withdrawals will resume within 48 hours: Binance estimates hack damage at $6.3 billion

Binance co-founder Yi He said withdrawals will begin to resume within 48 hours. The exchange halted withdrawals overnight after the attack, which it estimates caused $6.3 billion in damage, and promises to cover all user losses.

PropMarketCapFRESHCrypto market

Binance $6.3B Hack Crashes Crypto Market: BTC Below $77,000, Longs Burned for $606M

Overnight on October 30, about $6.3 billion left Binance's hot wallets (exchange storage connected to the network for fast withdrawals) - the largest theft in crypto history, four times larger than the $1.5 billion Bybit hack in February 2025.

PropMarketCapFRESHExchanges and infrastructure

Polymarket halted trading: about $2.65 million in stablecoins withdrawn and swapped into POL

On the evening of October 29, the largest prediction platform Polymarket switched the exchange to cancel-only mode. Through a compromised third-party contractor, approximately $2.65 million drained from user accounts in a matter of minutes.

PropMarketCapFRESHRegulation

KuCoin leaves Russia and Belarus, citing cryptocurrency regulatory requirements

On October 29, the KuCoin crypto exchange announced the termination of services for users from Russia and Belarus. The restrictions apply to all products and services of the platform and take effect immediately, with no transition period.

PropMarketCapFRESHMacroeconomics and central banks

On Friday, $10.86 billion worth of Bitcoin options expire — and the market is paying for a decline

On October 30 at 11:00 Moscow time, monthly options on BTC worth $10.86 billion and on ETH worth $783 million expire on the Deribit exchange. After BTC fell below $80,000, downside protection there costs noticeably more than bets on growth.

PropMarketCapFRESHExchanges and infrastructure

Indonesia's largest crypto exchange Indodax has halted deposits and withdrawals due to cyberattacks

Indonesia's largest crypto exchange Indodax has suspended all deposit and withdrawal operations. The reason is a sharp increase in the number of cyberattacks on the platform. The announcement was made on October 29 at around 15:15-15:25 Moscow time.