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Brazil's largest crypto exchange Mercado Bitcoin suspended deposits and withdrawals on Monday, November 2, after its wallets were emptied across ten blockchains at once. Loss estimates from specialized security firms exceed $40M.
On November 1, Binance gradually reopened crypto asset withdrawals, which had been halted after the largest hack in crypto market history - damage is estimated at $6.3 billion. The exchange states that it has already reimbursed about 95% of the affected assets from its own resources and will not pass the losses on to clients.
On October 30, US spot Bitcoin ETFs (exchange-traded funds through which Bitcoin is bought like a regular stock) lost $643.33 million - more than they had gathered over the previous four days combined. The streak of inflows was broken by the very first full trading session after the security incident at Binance.
On October 29, hackers breached Binance's hot wallets (the exchange's network-connected storage) and withdrew $6.3 billion in assets. Two days later, the story became political: Donald Trump said the administration was dealing with the incident, and letters demanding federal oversight of exchanges began arriving in Congress.
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.
The December Brent futures contract added $1.20 (+1.04%) on Friday and reached $116.08 per barrel after reports of tankers being blown up near the Strait of Hormuz. In October, oil rose by almost 11% - the fourth consecutive month of gains.
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.
Brent futures (the North Sea benchmark crude) fell about 1% on Thursday to $114.20 a barrel, while WTI (the U.S. benchmark) dropped 1.4% to $101.40. The market is simultaneously pricing in two scenarios from Washington: an offer of talks to Iran and preparations for a strike after the November 3 election.
Brent added $1.50 (1.32%) and returned to $115.59 per barrel, WTI rose $1.47 to $101.37. The trigger - a statement by Yemeni Houthis that they hit Ras Tanura, the kingdom's largest oil refinery at 550,000 barrels per day, with a ballistic missile. Riyadh has not confirmed the strike.
The US President invoked the Defense Production Act - a 1950 act passed during the Korean War. The American oil industry has been officially declared vital to national defense, and this opens a direct path for the Pentagon to finance its development.
GMO Internet's cloud hosting, where traders keep MetaTrader terminals and trading robots, was hacked. Broker OANDA Securities Japan postponed client payouts on October 22 to check applications for fraudulent transfers.
Gold slipped to $4,135 per ounce - the third declining session in a row. Two factors are weighing: the yield on 10-year US Treasuries has returned above 5.1%, and oil has risen almost 15% in two weeks.
Trump suspended key sanctions and tariffs against Russia and announced a diesel deal. Oil headed lower in the Asian session on Monday, breaking a seven-day streak of gains.
Bitcoin recovered to $82,000 after Donald Trump's statement that the US will not strike Iran until November 3. Amid easing geopolitical risks, oil reversed downward, and the crypto market partially recouped the overnight decline.
