Prediction markets priced a Democratic sweep at 71% to 72% going into the vote. Crypto Briefing Research maps four outcomes across AI, semiconductors, Bitcoin and altcoins, and what to watch as results come in.

The post Midterms 2026: what the vote means for AI stocks, chips, Bitcoin and altcoins appeared first on Crypto Briefing.

Nvidia's limited allocation to China highlights the impact of production constraints and export controls on global AI hardware access.

The post Nvidia allocates 1% of $70B RTX chip order to China clients appeared first on Crypto Briefing.

The denial and diplomatic standoff highlight the complex interplay between cybercrime, international relations, and global security dynamics.

The post North Korea denies Binance hack accusation, sees no need for US talks appeared first on Crypto Briefing.

The incident highlights the urgent need for rapid response and transparency in financial institutions to mitigate crypto-related thefts.

The post French bank Crédit Mutuel Arkéa allegedly targeted in $133M crypto theft appeared first on Crypto Briefing.

The attack highlights vulnerabilities in DeFi protocols, emphasizing the need for robust oracle security to prevent future financial exploits.

The post Flash-loan oracle attack inflates CoreVault redemptions 33x, drains 160.26 BNB appeared first on Crypto Briefing.

Bitcoin Magazine

Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows

Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company’s latest reserve attestation by roughly 50,000 coins.

“We have give or take 150,000 bitcoin ourselves. It’s not much, but it’s honest work,” Ardoino said during his keynote at the Plan ₿ Forum in Lugano, Switzerland, the city where Tether has run a bitcoin and stablecoin adoption program since 2022.

At that size the stack would rank Tether among the largest corporate holders of bitcoin, behind Strategy’s 848,517 BTC (as of Q3) and ahead of most public miners and treasury companies. 

Ardoino did not say where the additional coins sit, when they were bought or whether they belong to the stablecoin issuer or to Tether Investments, the arm that holds the group’s venture and equity positions. The remark does not indicate a new 50,000 BTC purchase.

Tether International’s third-quarter reserve report, published Oct. 30 with an attestation from BDO, lists $8.37 billion in bitcoin valued at $83,621.23 per coin as of Sept. 30. That implies about 100,060 BTC, up around 1,130 from the roughly 98,930 held at the end of June. Most of the quarter’s $2.57 billion rise in the bitcoin line came from price, not purchases.

The gap between the report and Ardoino’s figure has a plausible home. Tether has said the investments it makes from profits are kept apart from the reserves backing USDT, so coins held by Tether Investments would not appear in the attestation. 

Tether’s bitcoin exposure extends past its own wallets. It took full control of Twenty One Capital in May after buying out SoftBank, backs Adecoagro’s mining in Brazil, and runs mining and energy ventures in Latin America. Whether any of those positions sit inside the 150,000 figure is unclear.

Tether’s buffer built on bitcoin and gold

The disclosure lands as Tether’s balance sheet grows more dependent on the two assets. The Q3 report shows $191.45 billion in reserve assets against $183.50 billion in liabilities, an excess of $7.95 billion, up from $4.11 billion in June when the cushion had halved. 

Bitcoin at $8.37 billion and gold at about $19.1 billion together exceed that buffer several times over, so a sharp drop in either would eat into it. Treasury bills remain the bulk of reserves at about $132.4 billion.

Tether earned about $1.5 billion in the quarter and $4.5 billion in the first nine months. In August it completed its first independent audit with KPMG, ending years of reliance on attestations alone. Ardoino said at the forum that USDT has more than 730 million users and is adding about 30 million wallets a quarter.

Bitcoin traded near $77,600 Tuesday, which puts Tether’s stated holdings at $11.6 billion and its attested holdings at about $7.8 billion, below the Sept. 30 mark. The company has not said whether it plans to publish a breakdown of the coins held outside the reserve.

This post Tether Holds 150,000 Bitcoin CEO Says, 50,000 More Than Its Reserve Report Shows first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years

A Democratic sweep of Congress would end the CLARITY Act’s chances for the next two years and sour the political climate for crypto, TD Cowen’s Washington analyst Jaret Seiberg wrote to Bitcoin Magazine and clients in an election-day note.

Seiberg wrote that TD Cowen agrees with polls and prediction markets that Democrats are likely to take both chambers, with the caveat that polls taken a month out, which were more mixed, tend to beat those taken on the eve of a vote. 

His conclusion for crypto is blunt: “Democrats will likely investigate Trump including his crypto entanglements. We see this as souring the political environment for crypto, which is why we do not expect the Clarity Act to pass over the next two years.”

The market structure bill passed the House 294-134 in July 2025 and failed a Senate cloture vote 49-50 on Sept. 15. If it does not pass before the new Congress convenes on Jan. 3, it dies and must be reintroduced. 

Seiberg added that crypto’s influence may shrink further in Congress if Sherrod Brown wins his Ohio Senate race, a contest the industry spent to lose.

In Congress, the Senate is the lever

The note treats Senate control as the bigger prize. A Democratic majority could block Trump’s nominees and use that power to force him to fill Democratic seats on the FDIC, SEC and CFTC, the three agencies at the center of crypto policy. 

It could pressure the White House to drop its effort to remove Lisa Cook from the Federal Reserve board. Trump could answer with acting chiefs, Seiberg wrote, but that risks handing authority to career staff, an outcome “Team Trump” does not want.

Senate control would elevate Sen. Elizabeth Warren to chair the Banking Committee. Seiberg sees room for populist bills such as interest rate caps, limits on bank buybacks and a government credit score, and he thinks Warren and Trump could find common ground on some of them.

Rep. Maxine Waters would take House Financial Services, with a focus on housing and tighter scrutiny of the FHFA.

“That means a focus on housing though we are dubious that she will find GOP support for down payment help and public housing renovations. FHFA scrutiny will increase,” the note read.

For banks, the note says the election changes little: regulators will keep easing capital, liquidity and tiering rules whichever party wins. Divided government does raise the odds of a shutdown or a debt-ceiling standoff, since Trump is expected to reject spending conditions Democrats attach.

Bitcoin on election day

Bitcoin traded near $77,500 Tuesday afternoon eastern time, up from a dip to $76,300 in the morning and about $2,000 below where it opened the month. The price has absorbed a record $6.34 billion Binance hack, two days of spot ETF outflows and a Fed that is leaning toward a December hike. 

Prediction markets on Kalshi give Democrats a 94% chance at the House and 74% at the Senate, so much of Seiberg’s scenario is in the price.

What is not priced is the lame-duck session. Sen. Angela Alsobrooks, a CLARITY negotiator, has said the bill could pass before January even if a Democratic Congress would not make it a priority after. That said, if it fails during that window, she doubts a Democratic-controlled Congress will make it a priority in the future.

According to various reports, crypto groups have spent more than $200 million on the cycle to avoid the outcome Seiberg now expects. The CFTC, for its part, moved without Congress on Tuesday, clearing equity perpetual futures for U.S. exchanges. If the Senate and Congress flips, that agency-by-agency approach, and who sits on those agencies, becomes the whole game.

This post TD Cowen: Democratic Congress Would Sink CLARITY Act for Two Years first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Binance Says $6.34 Billion Hack Began With Fake Job Interview 

The $6.34 billion theft from Binance began with a fake job interview and ran for five months before a single coin moved, the exchange said Tuesday in its first public account of the Oct. 29 attack.

Another initial incident report from Binance, released alongside a media briefing by co-CEO Richard Teng and chief security officer Jimmy Su, describes a campaign that combined a poisoned software download, a staged recruitment process, malware that evaded endpoint detection and an internal AI tool the attackers turned against the company’s own wallet engineers. 

Binance said it has frozen or intercepted about $2.85 billion of the stolen assets and replenished 98% of affected tokens from its own funds, with the balance being bought on the open market.

“This wasn’t one mistake or one breach — it was a months-long campaign,” Teng wrote on X. “We’re publishing the full report because the lessons go far beyond Binance.”

The FBI has attributed the attack to North Korea. Binance’s report cites that finding but stops short of its own attribution. Pyongyang rejected the claim Monday, with Kim Yo Jong, sister of leader Kim Jong Un, calling it a “grave political provocation” through state media.

The Binance hack had five months of preparation

According to Binance, the first foothold for this hack came in June. A wallet DevOps engineer searched for a popular AI coding tool and downloaded a tampered Homebrew installer. 

Binance’s security team caught the anomaly, replaced the device and rotated credentials, but the episode exposed the engineer’s role and the names of colleagues on the wallet infrastructure team.

In September, a second engineer was approached on a legitimate job platform by someone posing as a project director. A video interview with a purported HR representative followed, with the interviewer sharing a personal social media account to build trust. A second interview with a supposed CEO ended with an “assignment”: a code repository the engineer was told to install on his work machine. 

The repository replaced a legitimate pyenv component with a malicious version and opened a channel to an attacker-controlled server. Binance said the zero-day malware was not flagged by its endpoint tools at the time.

On Oct. 20, the attackers used that machine and an internal AI tool to reach two more wallet engineers, one of whom held a container deployment token. On Oct. 29, between 17:15 and 19:56 UTC, they logged into a third engineer’s computer, deployed a container with the stolen credentials and launched the drain. Binance said it blocked 57 other suspected North Korea-linked attempts this year using similar lures.

Four hours to contain

The money left fast. Between 20:05 and 20:09 UTC, five hot wallets sent 233.46 million XRP to an attacker address. Wallets on Solana and Optimism followed with about 970,500 SOL and 44.2 million OP. A Binance hot wallet then sent 18,270 BTC. 

The attacker used the compromised signing service to invoke Ethereum’s EIP-7702, which lets an account delegate execution rights to a smart contract without exposing its key, and gave an attacker-controlled contract partial control of a Binance hot wallet.

Suspending withdrawals did not stop that last channel. The attackers had submitted 50 signing transactions to establish on-chain delegations that operated outside Binance’s withdrawal infrastructure. Because the wallet used multi-party computation, no single key existed to revoke them, and the team had to build a procedure on the spot. The final unauthorized transfer, 2,961.9 ETH, settled at 23:56 UTC. 

Binance cleared the delegation at 00:10 UTC on Oct. 30.

The report acknowledges the gap. “These challenges extended the time required to fully contain the unauthorized asset movements,” it says, adding that the company is reviewing its signing policy coverage and hot wallet controls.

Customers withdrew $10.97 billion in the 46 hours after withdrawals reopened Sunday, with net outflows of $5.28 billion, according todata Teng shared Tuesday. By 03:00 UTC hourly deposits exceeded withdrawals, a shift Teng called a sign of stabilization. Binance reopened withdrawals for dozens more assets across nine networks on Tuesday.

The breach has become a talking point in Washington. CFTC Chairman Michael Selig said the hack “proves our exact point” about the need for a federal registration path for offshore exchanges, and on Tuesday the agency cleared equity perpetual futures for U.S.-regulated venues, extending the onshoring push it began with Kalshi’s bitcoin perp in May.

Binance said it has rebuilt the wallet system and the internal AI tool in new environments, replaced affected devices, revoked the engineers’ credentials and expanded behavioral anomaly detection. 

It is commissioning an independent review, raising spending on endpoint and developer-environment security and planning a research fund on AI security with outside firms. Some technical details, the report says, will stay private. 

This post Binance Says $6.34 Billion Hack Began With Fake Job Interview  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

▶

Bitcoin Magazine

Andrew Hohns: Why Bitcoin Can Fix America’s Debt Spiral

U.S. federal debt has grown 40x in 45 years, from $1 trillion in 1981 to over $40 trillion. Andrew Hohns, founder and CEO of Battery Finance, explains why he doesn’t expect tax hikes or spending cuts to fix it, and how a strategic Bitcoin reserve could help defease the national debt. He also makes the case for the Treasury to pilot BitBonds.

Chapters:
00:00 Andrew Hohns on Bitcoin and the Midterms
00:47 Bond Market Volatility and America’s Fiscal Outlook
01:22 40x Federal Debt Growth in 45 Years
02:55 A Strategic Bitcoin Reserve to Defease the Debt
03:20 Why BitBonds Haven’t Come to Market Yet
05:12 Higher Borrowing Costs and the Digital Credit Boom
06:15 Battery Finance’s Bitcoin-Backed Real Estate Loans
07:03 The $2 Trillion Real Estate Refinancing Wall
08:52 How Battery’s Loans Avoid Margin Calls
11:03 Which Property Types Are Under Pressure
13:34 The Future of Bitcoin and Real Estate Financing
16:25 Digital Credit and Institutional Bitcoin Adoption

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Andrew Hohns: Why Bitcoin Can Fix America’s Debt Spiral first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

CFTC Opens U.S. Stock Market to Equity Perpetual Futures

Perpetual futures on individual stocks can begin trading on U.S.-regulated exchanges for the first time, the Commodity Futures Trading Commission said Tuesday, extending a product that was confined to offshore crypto venues a year ago into the equity market.

In a statement, CFTC Chairman Michael S. Selig said the contracts, which he called “Equity Perps,” were deemed approved under Commission Regulation 40.3 as security futures products. 

They may list on exchanges that hold a CFTC designated contract market registration and a notice registration with the Securities and Exchange Commission as a national securities exchange for security futures.

“This expansion marks a significant step towards allowing U.S. market participants, consistent with applicable law, to avail themselves of the advantages of perpetual futures,” Selig said. He said bringing the products inside the agency’s framework means Americans no longer need to “turn to offshore, and often unregulated, venues.”

The contracts fall under the Commodity Exchange Act, federal securities law and the rulebooks of both agencies. The statement names no exchange, lists no contracts and sets no launch date. 

Those details are expected to come from the designated contract markets themselves.

CFTC: From bitcoin perps to stock perps in five months

Perpetual futures have no expiration date. Instead of settling on a fixed day, longs and shorts exchange periodic funding payments that keep the contract price tied to spot. The structure has dominated crypto derivatives for years, with most volume on platforms outside U.S. jurisdiction.

The CFTC approved the first U.S.-listed bitcoin perpetual, Kalshi’s BTCPERP, on May 29, and Kalshi went live with the product soon after. The same day, staff granted no-action relief that lets Coinbase Financial Markets route U.S. clients into offshore perp and options liquidity. Kalshi added gold and silver perpetuals in September. 

In his statement Tuesday, Selig described the equity contracts as an extension of that May decision “beyond digital commodities and into traditional securities.”

The legal basis is older. The Commodity Futures Modernization Act of 2000 created a joint CFTC-SEC regime for security futures products, and the two agencies signed a memorandum of understanding on March 11 to coordinate rulemaking and enforcement. 

Selig cited both, and repeated SEC Chairman Paul S. Atkins’s description of security futures as stranded in a regulatory “no man’s land” for lack of harmonization. The agencies had set out a joint crypto asset taxonomy earlier in the year.

Not everyone accepts the CFTC’s reading. CME Grou  sued the agency in June over the Kalshi approval, arguing that a contract built on exchanged funding payments is a swap under Dodd-Frank, not a future. 

That case is pending. An equity version adds the SEC’s jurisdiction to the mix and may draw a new set of objections from securities-side participants.

The onshoring argument after Binance

The approval lands five days after the largest theft in crypto’s history. On Oct. 29, attackers that TRM Labs and Chainalysis link to North Korea’s TraderTraitor group drained about $6.3 billion from Binance’s hot wallets in roughly 20 minutes. 

Binance reopened withdrawals on Sunday and says it has replenished about 95% of affected assets.

Selig used the breach to press the case he made in Tuesday’s statement. 

“The real issue here is that these are unregulated offshore exchanges, and they don’t have the same sorts of safeguards that we have in our financial markets here in the United States,” he told CNBC on Oct. 30. 

He said the hack “proves our exact point” about the agency’s October proposal, an advance notice of rulemaking that would create a voluntary federal registration path for crypto exchanges with cybersecurity, proof-of-reserves and custody requirements. Selig has said the CFTC cannot make that registration mandatory without Congress.

The equity perp approval works from the same premise. Perpetuals built the offshore derivatives business; moving them onto dual-registered U.S. exchanges puts the margin, clearing and surveillance rules of two federal agencies around them. 

Selig framed it as a choice between regulated access and “being forced to turn to offshore, and often unregulated, venues.”

This post CFTC Opens U.S. Stock Market to Equity Perpetual Futures first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Justin Sun accused the President Donald Trump-backed crypto firm World Liberty Financial of concealing UAE citizenship to escape his federal lawsuit. The Tron founder said on Nov. 3 that his lawyers had requested sanctions against World Liberty Financial and its attorneys after the company disclosed foreign ownership connections months into litigation over his $45 million…

Read the full story on CryptoSlate

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Binance said it thwarted 57 suspected North Korea-linked cyber threats in 2026, yet a fake interview compromised one of its engineers. The disclosure, in the exchange's Nov. 3 security report, reveals how attackers used a recruitment scam involving staged interviews, fabricated identities, and malicious software to access systems involved in the $6.34 billion cryptocurrency theft…

Read the full story on CryptoSlate

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

At the November 2 close, an independent comparison narrows XRP’s Coinbase discount from 0.168% to 0.006% after converting USDT into dollars.

Read the full story on CryptoSlate

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Hackers exploited Binance's internal artificial intelligence tools to compromise engineers before stealing $6.34 billion in cryptocurrency, the exchange disclosed. In its Nov. 3 security report, Binance said attackers used a compromised employee computer and an internal AI tool on Oct. 20 to take control of two engineers responsible for its wallet infrastructure. The attackers subsequently…

Read the full story on CryptoSlate

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

The Fed's November 2 survey shows tougher approvals alongside stronger nonbank demand, with no evidence of forced Bitcoin sales.

Read the full story on CryptoSlate

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Zcash is rallying just ahead of the largest network upgrade in its history, and the Zcash Foundation has hardened its node software for the occasion in seven places. ZEC holders do not need to move anything themselves, but they should update their wallet app and move any old Sprout balances before block 3,543,405. Anyone running their own node needs Zebra 7.0.0; otherwise they will end up on a different blockchain after activation.

Zcash price at $1,231: up 8.6 percent about 50 hours before NU7

Zcash (ZEC) traded at $1,230.91 at 0:48 a.m. German time on November 4, 2026, or roughly 1,099 euros. That is a gain of 8.6 percent in 24 hours, the strongest showing among the 25 largest cryptocurrencies according to CoinGecko. The daily low was $1,122.37 and the daily high $1,243.03. Despite the jump, ZEC is still down 6.0 percent over seven days. With a market capitalisation of around $20.9 billion, Zcash ranks tenth in the market.

The broader market moved far less over the same period. Bitcoin rose 1.3 percent to $77,678 and Ether 1.5 percent to $2,282. Monero, the other large privacy coin, gained 4.1 percent. There is no single documented trigger for the jump in ZEC. The day before, the price had fallen by around 11 percent after a large leveraged position was unwound and the dispute over funding for Zcash Community Grants escalated; the background is in our report on the ZCG grants dispute from November 3. What is certain is the date the market is heading towards: the activation of Network Upgrade 7, or NU7 for short.

Zebra 7.0.0: the first stable node software for NU7 on mainnet

A node is a computer that stores the full blockchain, verifies every transaction itself and passes new blocks on to other participants. Zcash has had two programs for this for years: the older zcashd, which grew out of the Bitcoin code, and Zebra, a version written from scratch in the Rust programming language by the Zcash Foundation. NU7 supports only Zebra.

The Zcash Foundation released Zebra 7.0.0 on October 22, 2026 and describes it as the first stable release with NU7 support on mainnet. Activation is set at block height 3,543,405. The foundation states explicitly that all mainnet node operators must upgrade before this block to remain on the consensus blockchain. After activation, NU7 nodes disconnect from older versions, and nodes that have not been updated will follow a different chain.

Two details matter mainly for operators. On first start, Zebra 7.0.0 converts its own database to a new format, from version 28 to version 29; rolling back to Zebra 6.x afterwards requires a full resync. The foundation will also support this release for only eight weeks instead of the usual twelve, so the upgrade will soon be followed by the next mandatory update. The trade site crypto.news revisited the list of fixes on November 3 and also pointed to the alpha release 7.1.0-alpha.0 of October 31, which the developers say fixes delays in mining.

Seven Zebra security vulnerabilities: the Zcash Foundation rates five as high

Alongside NU7, Zebra 7.0.0 closes seven reported security vulnerabilities, known as security advisories. The foundation rates five of them as high severity and two as medium. According to its description, none of the flaws allowed access to other people's coins. The issue was a different one: a hostile participant in the network could crash a Zebra node, slow it down or cut it off from honest peers.

• Forged checkpoint blocks (high, two cases): A peer, meaning another connected node, could supply forged block contents during the initial sync. Zebra only downloaded the genuine block again after a restart.
• Invalid scripts without penalty (high): Transactions with faulty transparent scripts kept verification busy without the sender being banned.
• Quadratic cost of signature hashes (high): A single 2-megabyte transaction with tens of thousands of inputs could tie up a node's CPU for minutes.
• Mempool verification (high): The mempool is the waiting room for transactions that have not yet been confirmed. A crafted transaction cost ten seconds or more of computing time there, and could be repeated at will. The flaw was only introduced with Zebra 6.4.0.
• Crash on disconnect (medium): Zebra could crash when disconnecting a busy peer.
• Honest peers banned (medium): By deliberately spreading transactions with a lock time set slightly too early, an attacker could get a node to ban its best connections.

For ZEC holders who trade through an exchange or a wallet app, this is an indirect question. Their coins do not sit on a Zebra node, but exchanges, block explorers and wallet servers do depend on one. A node that stalls shortly before or after activation delays deposits and withdrawals. That is why the timing of the fixes matters.

Block 3,543,405: when NU7 activates based on block times

NU7 has no fixed clock time, because activation is tied to a block height. The Zcash Foundation gives its plan as "around November 5". At 0:48 a.m. German time on November 4, the Zcash blockchain stood at block 3,540,980. That leaves 2,425 blocks until activation. In the preceding 24 hours, 1,145 blocks were produced, an average of one every 75.5 seconds.

If that pace holds, block 3,543,405 will arrive in about 50.8 hours, around 3:40 a.m. German time on November 6. At the target of 75 seconds per block, the result is about 3:20 a.m. If miners' hash rate fluctuates, the time shifts by a few minutes to a few hours. cryptoticker.io compiled this analysis itself on November 4, 2026, based on public block data from the Zcash blockchain covering 1,145 checked blocks. There is one inconsistency on the official upgrade page at z.cash: it still says the activation height has not been set, while the Zcash Foundation names height 3,543,405 in its release announcement.

With NU7, the interval between two blocks falls from 75 to 25 seconds under ZIP 218. ZIP stands for Zcash Improvement Proposal, the process used to describe changes to the protocol. Daily issuance of new ZEC stays the same, because the reward per block is divided by three. According to the foundation, the four-year halving cycle and the cap of 21 million ZEC are also unchanged. A detailed calculation of the new block interval is in our article from October 28.

Network Sustainability Mechanism: 60 percent of fees go into a reserve

The second major change concerns fees. Under ZIP 235, from NU7 onwards 60 percent of the transaction fees in a block are taken out of circulation and placed in a reserve. Miners keep 40 percent. Later blocks are meant to pay out a small, predictable share from this reserve on top of the normal reward; on mainnet, according to ZIP 259, this begins only at block height 8,939,664. The foundation justifies this with the long horizon: the block reward shrinks with every halving, and at some point network security has to be paid for through fees.

There are also new per-block limits for transactions in the shielded pools Orchard, Ironwood and Sapling. In Zcash, a pool is a separate area with its own encryption in which balances are held. According to the Zcash Foundation, possible throughput in the Orchard pool rises from 2.9 to 6.6 transactions per second. At the same time, the amount of data an attacker could at worst push onto light wallets through spam falls by about 37 percent. Light wallets are smartphone apps that do not load the entire blockchain, only the data relevant to them.

Zodl wallet 3.19.0: the app update needed before November 5

For retail investors, the wallet is what matters most. The provider of the Zodl wallet app, formerly known as Zashi, said on X on November 3 that users must update to version 3.19.0 before November 5 to keep using the app after the upgrade. The trade site Tron Weekly quotes Zodl's post verbatim. Other wallets generally follow through their normal update channels; nobody is forced to move their coins.

Your balance itself does not change with NU7. Your seed phrase, the sequence of words from which all the wallet's keys can be restored, remains valid. If you keep your ZEC on a hardware wallet, you will usually need a firmware or app update there once the manufacturer releases it; our hardware wallet comparison shows which devices support Zcash with shielded addresses. An update from an unknown source, a link in a direct message or a supposed support email is a well-known attack vector around upgrades. Updates come only from the official app store or the manufacturer's own website.

Sprout pool and version 4 transactions: which balances NU7 freezes

With NU7, transactions in the old version 4 format become invalid, as described in ZIP 2003 and ZIP 259. Versions 5 and 6 remain valid. This hits the oldest shielded pool, Sprout. Transfers out of Sprout only work in the version 4 format. Anyone who still has ZEC there will no longer be able to move it after activation. The Zcash Foundation states that such balances become "unspendable".

This mainly affects users who have not touched their wallet for years. Modern wallets such as Zodl do not use Sprout. If you own an old desktop wallet from Zcash's early days, you should transfer the balance to a newer pool or a current wallet before block 3,543,405. How to do that, and how to recognise Sprout addresses, is explained in our guide to the Sprout pool.

Exchange pauses and leverage: why the upgrade date matters for traders

Exchanges usually suspend deposits and withdrawals of a coin for a few hours during network upgrades, until their own nodes are running the new version and the first blocks are confirmed. By the time of writing, we had not found a specific announcement on NU7 from Binance, Kraken or Coinbase. If you want to move ZEC between an exchange and a wallet during the night of November 6, you are better off building in a buffer and checking your exchange's status page beforehand.

This matters more for leveraged trading than for the spot market. With a leveraged contract, the position is closed by force as soon as losses eat up the posted collateral; this is called liquidation. If you cannot top up with ZEC during that window because deposits are paused, the only option left is collateral in another form. The previous day showed how fast this can happen: the slide to the daily low set off a series of forced sales that the price only recovered over the course of the day.

Buying ZEC in Europe: MiCA exchanges, holding period and custody before the upgrade

For investors in Germany, NU7 changes nothing about how to buy. You still buy ZEC through exchanges licensed under the EU's MiCA regulation. MiCA stands for Markets in Crypto-Assets and has governed since the end of 2024 which providers may offer crypto assets in the EU. Which platforms list ZEC and what trading costs there is shown in our crypto exchange comparison. In the longer term, a different deadline looms for privacy coins: under the new EU anti-money-laundering rules, providers may no longer hold accounts for coins with obscured transactions from July 2027. That plays no role for NU7 yet.

For tax purposes, the upgrade is not an event. No new coins are created, and a software update is neither a sale nor an exchange. The one-year holding period under Section 23 of the German Income Tax Act continues to run unchanged for your ZEC. Transferring coins from an exchange to your own wallet before the upgrade is not a sale either; you should still record the transfer with date and amount so that the proof of the holding period remains complete later on.

On custody, the usual trade-off applies. On an exchange, the provider takes care of the upgrade, but it also holds the keys. In your own wallet you have full control and have to install the app update yourself. Both are possible ahead of NU7; what matters is that wallet and exchange are up to date before block 3,543,405.

Zcash price levels: $1,122 below, $1,243 above

The next level to the upside is the daily high at $1,243.03. Above that lies the zone around $1,279, which we described as resistance on November 3. To the downside, the round $1,200 mark is the first support; according to our November 3 report, a large stop-loss was triggered there the day before. Below that comes the daily low at $1,122.37. If the price falls below it, the entire jump of the past 24 hours will have been given back.

A major upgrade can cut both ways. If activation goes through without outages, a technical risk that many traders price in beforehand disappears. If exchanges stay frozen for longer or part of the nodes split off, uncertainty rises. Neither can be established in advance, which is why tight positions with high leverage are among the riskiest options in ZEC over the next 50 hours.

Zcash upgrade countdown: about 50 hours left until block 3,543,405

1. Update your wallet: Install your wallet app's update before November 5, at least version 3.19.0 for Zodl. If you want to keep ZEC in self-custody for the long term, the hardware wallet comparison lists devices with Zcash support.
2. Plan transfers: Do not move ZEC between exchange and wallet during the night of November 6; do it beforehand or a few hours after activation. You can find an exchange with MiCA authorisation for ZEC in the crypto exchange comparison.
3. Document transfers: Record every transfer with date and amount so that the holding period remains provable. The programs in our comparison of crypto tax tools can help.

(As of November 4, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

NBC News, based on AP data, projects Jon Ossoff as the winner of the Georgia Senate race against Mike Collins. At 04:32 CET the count stood at 58.7 to 41.3 percent with 86.2 percent counted. In the race for governor, NBC News projects Keisha Lance Bottoms as the winner over Rick Jackson, 54.2 to 45.8 percent with 86 percent counted. NBC News calls that a flip for Democrats and a historic win. Donald Trump won Georgia in 2024 with 2,663,117 votes to 2,548,017 for Kamala Harris, a margin of 2.2 points, so Tuesday's results are a clear reversal in one of the states that decides presidential elections.

Georgia election results 2026: the key facts

• Senate (04:32 CET): Ossoff 2,235,265 votes (58.7 percent), Collins 1,570,584 (41.3 percent), 86.2 percent counted.
• Governor: NBC News projects Keisha Lance Bottoms as the winner over Rick Jackson, 54.2 to 45.8 percent with 86 percent counted.
• 2024: Donald Trump won Georgia in 2024 with 2,663,117 votes to 2,548,017 for Kamala Harris, a margin of 2.2 points.
• Crypto money: Fellowship PAC spent $350,000 for Mike Collins in the Republican primary, according to Tech Influence Watch.
• Stand With Crypto score: Collins 100, Ossoff 58.

Georgia Senate results: Jon Ossoff wins a second term

Ossoff narrowly beat David Perdue in the January 2021 runoff and defended the seat as one of two Democratic-held Senate seats in states Trump won in 2024, according to Wikipedia's race overview. His opponent, Representative Mike Collins, won the Republican runoff with 55.5 percent after an endorsement from Trump. Because the winner cleared 50 percent, Georgia needs no Senate runoff this time. By type of vote, Ossoff against Collins so far: mail ballots 68 to 32 percent, early in-person votes 63 to 37 percent, Election Day votes 48 to 52 percent. We estimate about 566,000 votes are still out, most of them in Fulton, Gwinnett, DeKalb.

Georgia governor race: Keisha Lance Bottoms flips the office

Keisha Lance Bottoms was mayor of Atlanta from 2018 to 2022 and then worked in the Biden White House. She is set to become the first Black woman to serve as governor of a US state and takes office in January 2027. Her opponent, businessman Rick Jackson, largely funded his own campaign and beat Lieutenant Governor Burt Jones in a primary runoff even though Trump and outgoing Governor Brian Kemp had endorsed Jones. Before this election, Republicans held the governor's office in Georgia.

Georgia 2024 vs 2026: where the counties moved

Fulton County, home to most of Atlanta went from D+44.9 in the 2024 presidential race to D+62.7 now, with 78 percent counted. Gwinnett County, in the Atlanta suburbs went from D+16.5 in the 2024 presidential race to D+45.7 now, with 78 percent counted. Cobb County, also in the suburbs went from D+14.9 in the 2024 presidential race to D+34.4 now, with 87 percent counted. Across the larger areas with at least half of the count in, the margin moved 20.0 points toward Democrats on average. These figures compare a partial Senate count with a full presidential count, so the final swing can still change.

Georgia and crypto: what the result means for the next bill

Crypto money in Georgia went mostly into House races. Tech Influence Watch, formerly Follow the Crypto, lists $4,418,666 from Protect Progress in Districts 6 and 13 and $1,894,795 from Defend American Jobs in Districts 1, 3, 8, 10 and 14; both committees belong to the Fairshake network. In the Senate race it shows $350,000 from Fellowship PAC for Collins in the primary, plus $30,788 in direct support from Intercontinental Exchange, Gemini, Winklevoss Capital Management and one other company or their executives. Ossoff drew $153,926 in direct support from Google, Microsoft, Anduril and eight other companies or their executives.

The advocacy group Stand With Crypto scores Collins at 100 and Ossoff at 58. The scores point to the problem for the industry. The CLARITY Act failed 49 to 50 in the Senate on 15 September, and no Democrat voted yes. It needs 60 votes, so a new attempt in 2027 runs through senators like Ossoff, who now has six more years. Our CLARITY Act explainer follows the next steps.

Why Georgia matters for the Senate majority

Republicans went into the night with 53 seats, so Democrats need a net gain of four for the majority. Holding Georgia does not add a seat, but losing it would have raised the number to five. At 04:32 CET, NBC News showed 46 Senate seats for Democrats and 38 for Republicans, counting seats not up for election, and a net change of +2 for Democrats. All calls and the full Senate table are in our midterm results live ticker. More from the states: South Carolina and the fight for Lindsey Graham's seat, Texas and the Bitcoin reserve and why Florida's governor race got so close.

What the Georgia result means for traders

With the race called, the prediction market has little left to price. The open question for traders is the balance of power in Washington. If you hold coins through a week like this, compare regulated crypto exchanges and crypto brokers first. This article is not investment advice.

Two years after Donald Trump won back the White House, the 2026 midterms show how far the country has moved. In the preliminary NBC News exit poll, voters under 30 went from D+11 in 2024 to D+47, Latino voters from D+5 to D+27 and men from R+12 to D+0. Since Election Day 2024, Bitcoin stands at +9.9 percent, gold at +43.4 and the S&P 500 future at +29.1 (04:31 CET). Eggs are a third cheaper than two years ago, and gasoline costs 37 percent more.

Midterms 2026 vs 2024: the key numbers

• Young voters: D+11 in 2024, D+47 now.
• Independents: D+3 in 2024, D+18 now.
• Economy: 31 percent rated it good or excellent in 2024, 25 percent now.
• States: 26 of 27 statewide races with at least 60 percent counted run ahead of Harris's 2024 margin for Democrats (04:31 CET).
• Bitcoin: +9.9 percent since the close on 5 November 2024, Ethereum −7.5 percent.

Exit polls 2024 vs 2026: which voters moved most

The table sets the 2024 exit poll against the first figures for 2026. Younger voters, Latinos and Asian American voters moved most. Voters aged 65 and over are the one age group that moved toward Republicans, from R+1 to R+3. Keep two things in mind: 2024 was a vote for president and 2026 a vote for the House, and midterm electorates look different. Voters aged 65 and over made up 28 percent of the electorate in 2024 and 35 percent now, those under 30 fell from 14 to 10 percent. Exit polls get reweighted as votes come in, so these numbers can still change.

Which states moved most since 2024

Exit polls are surveys, counted votes are not. This table compares the margin in each state's top 2026 race with Trump's margin in 2024, for races with at least 60 percent counted at 04:31 CET. Early counts can still overstate a shift, and a popular incumbent or a weak candidate can move a state on their own. For the county detail, see our pieces on Florida, Texas and Ohio.

Prices since 2024: eggs down, gasoline up

Eggs were the symbol of the 2024 campaign, and they no longer fit it. The US Bureau of Labor Statistics shows a dozen at $3.37 in October 2024 and $2.27 in September 2026. Gasoline went the other way as the Iran war pushed up oil. Wages and prices rose almost in step, so the average paycheck has only kept pace. 25 percent of voters now call the economy good or excellent, down from 31 percent.

Bitcoin, gold and stocks since Election Day 2024

Crypto was the loudest winner of the 2024 election. Bitcoin jumped from about $69,360 to $75,640 the day after the vote. Two years later it stands at $76,212, while gold and US stocks have run far ahead. Ethereum is below where it stood on Election Day. The next test is what a changed Congress means for crypto rules, which we cover in our live ticker. This is a look back and no forecast.

From crypto's best election to a failed CLARITY Act

In 2024 Fairshake spent about $133 million on 68 races and beat Sherrod Brown in Ohio. In March 2025 Trump signed the order for a strategic Bitcoin reserve. Yet the big market structure law, the CLARITY Act, failed a procedural vote 49 to 50 in the Senate on 15 September 2026, short of the 60 votes it needed. TD Cowen does not expect passage in the next two years if Democrats control Congress. What it means is in our CLARITY Act explainer. If you are positioning for that, compare regulated crypto exchanges and crypto brokers first. This article is not investment advice.

What has changed in Congress since 2024

Republicans came out of 2024 with 220 of 435 House seats and 53 of 100 Senate seats. At 04:31 CET, NBC News had called 129 House seats for Democrats and 68 for Republicans, and the Senate stood at 46 to 38, including seats not up for election. NBC News projects Democrats win the House. Its estimate for the final House split is 248 to 187.

At 04:30 CET, James Talarico led Ken Paxton in the Texas Senate race by 1,069,801 votes, 58.1 to 40.4 percent with 57.9 percent of the expected vote counted, according to NBC News, based on AP data. No winner has been called. Texas has not elected a Democrat to the US Senate since Lloyd Bentsen in 1988, and Donald Trump won the state by 13.7 points two years ago. It is also the first US state to put public money into Bitcoin for a state reserve, so far through an ETF, so the result reaches well beyond the Senate majority.

Texas Senate race: the key facts

• Status (04:30 CET): Talarico 3,505,204 votes (58.1 percent), Paxton 2,435,403 (40.4 percent).
• Governor: Gina Hinojosa leads Greg Abbott 55.9 to 42.8 percent with 58 percent counted.
• 2024: Trump won Texas 6,393,597 to 4,835,250, Ted Cruz won his Senate seat 53.1 to 44.6 percent.
• Bitcoin reserve: $10 million set aside by lawmakers, about $5 million reportedly bought through BlackRock's IBIT, a Bitcoin ETF, in November 2025.
• Prediction market: Talarico 99.6 percent, Paxton 0.4 percent on Polymarket (04:30 CET).

Texas election results: read the early numbers with care

Early in-person voting ran 59 to 39 for Talarico, and the Election Day ballots reported so far ran 66 to 33. Most of Texas closed its polls at 02:00 CET, and El Paso and Hudspeth counties, on Mountain Time, followed at 03:00 CET. County reporting moves unevenly, so a large lead at this stage can still shrink.

Texas 2024 vs 2026: where the state moved

The suburbs tell the story so far. Tarrant County, around Fort Worth, went from R+5.1 in the 2024 presidential race to D+20.9 in the Senate race. Collin County, north of Dallas, went from R+11.1 to D+13.3. Harris County, home to Houston, stood at D+5.5 two years ago and is now at D+34.1. These figures compare a partial count with a full presidential count, so the final swing can still change in either direction. Even a much smaller swing would be historic: Republicans have held every statewide office in Texas for decades.

Texas Bitcoin reserve: what the result means for crypto

Governor Greg Abbott signed the Texas Strategic Bitcoin Reserve law in 2025. It lets the state comptroller buy, hold and sell Bitcoin for the reserve, and lawmakers set aside $10 million for it. In November 2025 the state reportedly bought about $5 million of BlackRock's IBIT as a first step, and in 2026 the comptroller's office began preparing the move to directly held coins. The reserve runs through the state comptroller, an office also on this ballot, so that race and the legislature matter more for it than the Senate seat.

Crypto money was on Paxton's side before the runoff. Fellowship PAC, led by Tether's head of government affairs, reported $1.75 million for him in April, reportedly pulled those ads days later and had reported about $500,000 by the May runoff. The advocacy group Stand With Crypto rates both Talarico and Paxton as strongly supporting crypto, and lists Talarico's call for clear, fair crypto rules and his 2025 vote for the Texas Bitcoin reserve. With the CLARITY Act stuck at 49 of the 60 votes it needs, every new senator counts in the next attempt, which we follow in our CLARITY Act explainer.

Why Texas matters for the Senate majority

Republicans went into the night with 53 seats, so Democrats need a net gain of four for the majority, and Texas is one of the seats that could deliver it. All calls and the full Senate table are in our midterm results live ticker. Two more state stories from tonight: why Florida's governor race got so close and crypto's $50 million bet against Sherrod Brown in Ohio.

What Polymarket says about Texas

Traders put Talarico at 99.6 percent at 04:30 CET, on a market with $20.7 million in volume. That shows what the market expects and is no forecast from us; prediction markets moved quickly tonight and can overreact to early counts. If you hold coins through a week like this, compare regulated crypto exchanges and crypto brokers first. This article is not investment advice.

At 04:29 CET, Sherrod Brown led Jon Husted in the Ohio Senate race, 48.2 to 47.0 percent with 79 percent counted, according to NBC News, based on AP data. No winner has been called, and part of the Election Day vote is still out. No race of 2026 has cost the crypto industry more. Fairshake's affiliate Defend American Jobs had reported $46.6 million against Brown by 15 October, and Semafor later reported that Fairshake is spending $55 million. Two years ago the same network spent about $40 million and won. This time the result tests how far crypto money can really carry an election, and it comes shortly after the CLARITY Act failed a key Senate vote.

Ohio election results: the key facts

• Senate (04:29 CET): Brown 1,816,145 votes (48.2 percent), Husted 1,772,302 (47.0 percent), 79 percent counted.
• Governor (04:29 CET): Amy Acton leads Vivek Ramaswamy 50.4 to 46.3 percent with 79 percent counted.
• Crypto money: $46.6 million from Fairshake's affiliate by 15 October, more than $52 million with the Winklevoss-backed Digital Freedom Fund.
• 2024: Bernie Moreno beat Brown 50.1 to 46.5 percent, Trump won Ohio by 11.2 points.
• Who pays: Fairshake is funded mainly by Coinbase, Ripple and Andreessen Horowitz. It reported $193 million in cash in January and had about $120 million at the start of September.

Ohio Senate race: Sherrod Brown, Jon Husted and the crypto money

Brown chaired the Senate Banking Committee until 2025 and was one of the sharpest critics of the industry's agenda, which made him crypto's top target in both cycles. In 2024, Fairshake spent roughly $40 million for Bernie Moreno, who won by 3.6 points. In September 2026 the group announced at least $30 million against Brown, and by mid-October that had grown past $46 million, Decrypt reported from FEC filings, the most expensive target of the cycle. The Digital Freedom Fund, founded by the Winklevoss twins, added more than $5.9 million.

Brown turned that into a campaign line. He told Pod Save America that Husted is "their boy" and framed crypto's ads as part of a broader fight against Wall Street, big pharma and big oil, Cointelegraph reports. Ohio reports early and absentee ballots first, so the first figures can favor Democrats and should be read with care.

Ohio governor race: Ramaswamy, Strive and Bitcoin

The second crypto storyline in Ohio is the governor's race. Amy Acton leads Vivek Ramaswamy 50.4 to 46.3 percent with 79 percent counted. Vivek Ramaswamy co-founded Strive, which reported about 23,156 BTC, worth roughly $2 billion at the end of August, and he publicly backed the Ohio Strategic Cryptocurrency Reserve Act before launching his campaign. His public statements on crypto have waned during the campaign, Cointelegraph notes, and he is not putting them at the forefront. Data centers and electricity costs became a major issue in the race.

Ramaswamy and Byron Donalds in Florida have both backed state Bitcoin reserve proposals. Such bills would still have to pass the state legislatures.

Fairshake's midterm scorecard: six candidates with $1 million each

On 5 October, Fairshake announced support for 32 House incumbents, 19 Republicans and 13 Democrats, and put $1 million each behind six of them. Fairshake says it backs pro-crypto candidates in both parties. That fits the math of the next market structure bill, which needs both parties to reach 60 votes in the Senate. Here is how those six stand (04:29 CET).

What the Ohio result means for Bitcoin and crypto

Fairshake's real product is deterrence. Lawmakers do not have to agree with crypto, they only have to fear being the next Sherrod Brown. A Husted win would strengthen that message going into 2028. A Brown win after more than $50 million in ads would weaken it, and it would suggest that voters can see through a super PAC whose ads often avoid crypto.

The policy effect is smaller than the symbolism. Under current rules, Semafor reports, Brown would not automatically get his old seniority on the Banking Committee back if he wins, though Democrats could change that. The CLARITY Act reached only 49 votes in September and needs 60; what happens next is in our CLARITY Act explainer. The national count is in our midterm results live ticker.

For the market, one state does not move Bitcoin on its own. If you hold coins through a volatile week, compare regulated crypto exchanges or crypto brokers first. This article is not investment advice.

The ChatGPT maker says future facilities could ease pressure on power grids by cutting demand during emergencies.

Paolo Ardoino told the Plan ₿ Forum in Lugano the company owns “give or take 150,000 Bitcoin,” but its Q3 reserve report implies just 100,060.

Claude's prices are falling, but Anthropic's computing expenses grew faster than sales in the latest quarter—a tricky equation ahead of its IPO.

CrowdStrike's new kill switch lets security teams cut off unauthorized AI agents through a gateway, while its planned Fiddler acquisition aims to make autonomous software easier to monitor and audit.

Tron founder Justin Sun said he has asked a federal court to sanction World Liberty Financial, alleging the Trump family-backed venture delayed disclosing UAE ties that could defeat federal jurisdiction over his lawsuit.

Crypto markets are bleeding as Zcash, Cardano, Near Protocol and XRP all trade under pressure, with key support levels now in focus.

Ripple CEO Brad Garlinghouse has pushed back against concerns that the company’s growing focus on its RLUSD stablecoin could undermine XRP, insisting that the two assets are complementary rather than competitive.

Tesla, Amazon, Netflix and three other major companies have dealt another blow to OKX’s stock tokenization ambitions.

Fresh SEC documents show an ex-XRP treasury divesting its $5 million stake in Ripple following a private $300 share buyback deal.

South Korea is considering requiring cryptocurrency exchanges to keep 99% of customer assets in cold wallets.

TLDR:

• Hackers compromised two Binance engineers through a tampered tool in an ad and a fake job interview. 
• Attackers moved 233.46 million XRP from five hot wallets in four minutes on October 29, Binance said. 
• Binance froze about $2.85 billion, yet transfers continued nearly four hours after the attack began. 
• Binance is repaying customers and investing in AI-enabled detection and a security research fund.

Binance hack details have emerged after the exchange published its initial security report on Tuesday. Attackers used a fake job interview and tampered software to compromise engineer computers.

They then drained crypto worth $6.3 billion on October 29. The FBI has blamed a North Korean hacking group, while Pyongyang rejects the claim.

Binance has said it is repaying all customers whose funds were stolen. The report traces the breach back to June.

How the Attack Began in June

The Binance hack started in June, according to the exchange’s report. An employee on the wallet developer team downloaded a tool that hackers had tampered with.

Binance detected the problem afterward, replaced the device, and changed credentials. However, the employee’s role and those of other wallet team members stayed exposed. The report describes a multi-stage operation that built up over several months.

A person familiar with the incident said the malicious version sat inside an advertisement. As a result, it appeared higher in search results than the real tool.

Meanwhile, Michael Barnhart, a researcher at cybersecurity firm DTEX, said fake job interviews are a well-known hacking technique.

In September, a second software engineer downloaded a malicious code repository after a job interview. The candidate believed the role was legitimate. The interview included a virtual meeting with the CEO of a fictitious company.

From Compromised Computers to the Theft

On October 20, the attacker used the compromised computer and an internal AI tool. This gave control over the wallet developer’s system and that of a second wallet developer.

Nine days later, the attacker used the second developer’s computer. Stolen credentials from the first developer helped trigger a malicious script.

The attack unfolded quickly on October 29. Attackers moved 233.46 million XRP from five hot wallets to an attacker-controlled address within four minutes. They later withdrew other cryptocurrencies, including bitcoin.

Few engineers at the company have direct access to wallets, according to a person familiar with the Binance hack. Binance said the attackers used 50 signing transactions to manipulate the account.

Binance Response and Next Steps

Binance received an internal alert about large transfers and began investigating. The exchange suspended withdrawals, froze affected tokens, and removed unauthorised permissions.

These steps left about $2.85 billion in frozen assets. However, suspending withdrawals alone could not stop every unauthorised movement.

Binance also had to build new procedures to revoke authorisations, which slowed its response. Meanwhile, the final unauthorised transfer took place at 2356 GMT, nearly four hours after the attack began.

Following the Binance hack, the exchange apologised to users, partners, and the wider industry. In its report, Binance stated, “This should not have happened.”

The exchange also said it prevented 57 suspected North Korea-linked cyberthreats in 2026. Barnhart said Binance is “just getting barraged.”

Binance said it is increasing investment in AI-enabled detection. It is also working on a security research fund and targeted initiatives with leading AI companies.

The post Binance Hack: How Fake Job Interview and Tampered Software Led to $6.3 Billion Crypto Theft appeared first on Blockonomi.

TLDR:

• Bullish named Solana, Aptos and Ethereum as initial network partners for equity tokenization services. 
• Bullish and Equiniti transferred 61 million tokenized reserved shares on Solana in a matter of seconds. 
• Issuers can reward tokenized shareholders onchain by sending a digital Consensus pass to their wallets. 
• Official ownership records stay with the transfer agent while issuers reach investors on many networks.

Tokenized shares from Bullish will be available on Solana, Aptos, and Ethereum, the NYSE-listed platform announced on November 3. The company named the three networks as initial partners for its equity tokenization services.

Bullish and Equiniti Transfer 61 Million Tokenized Shares

Bullish (NYSE: BLSH) is an institutionally focused platform that provides regulated market infrastructure and information services.

It already works with Solana and plans to add Aptos and Ethereum. Issuers will then choose among networks for their issuer-sponsored tokenized shares.

The announcement follows an event Bullish and Equiniti hosted at the New York Stock Exchange on October 27. Bullish CEO Tom Farley and Equiniti CEO Dan Kramer demonstrated the transfer of 61 million tokenized reserved shares. The transfer ran on Solana, and Equiniti administered it. It completed in seconds.

Farley also showed a reward method for shareholders. Issuers can distribute a digital Consensus pass directly to a shareholder’s wallet.

The method offers a new way to engage holders. Bullish intends to offer the same capabilities on Aptos, Ethereum, and other networks over time.

In May, Bullish agreed to acquire Equiniti. It also became the first NYSE-listed firm to tokenize its full equity cap table on Solana. Tokenized BLSH shares later began trading on Bullish Exchange.

This week’s tokenization of 61 million reserved shares serves another purpose. Bullish has earmarked sufficient shares for closing the acquisition.

The final amount will follow the merger agreement. Remaining regulatory approvals and customary closing conditions still apply.

Why Multi-Network Support Matters for Issuers

Bullish describes multi-network support as the next step in bringing public equities onchain. Investors and liquidity are spread across several public blockchains. Tokenization infrastructure for capital markets therefore needs to work across them.

Support for Aptos and Ethereum alongside Solana lets issuers reach investors on networks they already use. As a result, issuers do not need to move investors to a single chain. Meanwhile, the official record of ownership stays with the transfer agent.

Tokenized shares can enable capabilities the current post-trade system was not designed to support. These include round-the-clock markets, near-instant settlement, and programmable corporate actions. They also include real-time visibility into share ownership and new ways to reward shareholders.

Thomas Cowan, Head of Tokenization at Bullish, said the company wants issuer tokens “available on key blockchains for our investors.” He added, “Solana gave us the foundation to tokenize our own shares.”

According to Cowan, the NYSE event “showed issuers what that looks like in practice.” He also said, “Supporting Aptos and Ethereum is the logical next step to meet the market and continue strong industry growth.”

Separately, Bullish and EQ convened the Issuer Sponsored Token Coalition, a non-exclusive industry working group.

The post Bullish Picks Solana, Aptos and Ethereum for Tokenized Share Rollout appeared first on Blockonomi.

TLDR

• SMCI revenue jumps 298% year over year to $19.9 billion in fiscal Q1 2027.
• Super Micro Computer net income surges 849% to $1.594 billion in Q1 2027.
• SMCI shares climb 5.96% after hours as quarterly earnings beat prior-year levels.
• Super Micro reports $1.75 diluted EPS as quarterly revenue reaches $19.9 billion.
• SMCI cash reaches $6.9 billion, while debt and convertible notes total $8.6 billion.

Super Micro Computer (SMCI) reported a sharp increase in first-quarter fiscal 2027 revenue and net income. The company generated $19.9 billion in sales, while net income reached $1.594 billion. Meanwhile, SMCI shares gained 3.12% to close at $31.39 before advancing 5.96% to $33.26 after hours. The financial results covered the three months ended September 30, 2026, and reflected substantial growth against the previous fiscal year. Additionally, the company reported higher earnings per share and improved gross margins year over year. However, quarterly gross margin declined compared with the preceding quarter.

Super Micro Computer, Inc., SMCI

Super Micro Computer Revenue Climbs to $19.9 Billion in Q1 Fiscal 2027

Super Micro Computer recorded $19.9 billion in first-quarter revenue, compared with $11.1 billion in Q4 fiscal 2026. The latest figure also represented substantial growth from the $5 billion reported during Q1 fiscal 2026. Consequently, quarterly sales increased approximately 298% year over year, highlighting the expansion in the company’s business.

The company’s gross margin reached 12.7%, compared with 17.5% in the previous quarter. However, this represented an improvement from the 9.3% gross margin recorded during the same period last year. On a non-GAAP basis, gross margin reached 12.8%, compared with 9.5% in Q1 fiscal 2026.

These results reflected continued demand across Supermicro’s artificial intelligence and data center infrastructure business. The company supplies enterprise computing, storage, and networking solutions alongside its AI infrastructure products. Furthermore, its Data Center Building Block Solutions platform supports deployments ranging from large data centers to smaller container-based systems.

Super Micro Computer Net Income Rises to $1.59 Billion

Super Micro Computer reported first-quarter net income of $1.594 billion, compared with $1.178 billion in Q4 fiscal 2026. The company had recorded net income of $168 million during Q1 fiscal 2026. Therefore, quarterly net income increased approximately 849% compared with the corresponding period last year.

Diluted net income per common share reached $1.75, compared with $1.62 in the previous quarter. The figure also increased significantly from $0.26 during Q1 fiscal 2026. Meanwhile, non-GAAP diluted earnings per share reached $1.81, compared with $0.35 in the year-earlier quarter.

The company reported $8 million in stock-based compensation adjustments when calculating its non-GAAP gross margin. Additionally, operating activities used $434 million in cash during the quarter. Capital expenditures and investments accounted for another $47 million during the reporting period.

Super Micro Computer Cash Position and Data Center Expansion

Super Micro Computer held $6.9 billion in cash and cash equivalents as of September 30, 2026. However, its combined bank debt and convertible notes reached $8.6 billion. This placed total reported debt and convertible notes $1.7 billion above its cash balance.

The company continues to expand its position in AI infrastructure and enterprise computing markets. Its product portfolio includes data center systems, storage platforms, and 5G and edge computing solutions. Moreover, Supermicro highlighted enterprise partnerships and increased global production capacity as important parts of its business strategy.

The company also identified software, networking, and proactive services as areas supporting its broader infrastructure offering. These operations complement its hardware business and address different customer requirements. Meanwhile, the latest quarterly results showed substantial revenue and earnings growth alongside lower sequential gross margins.

The post Super Micro Computer (SMCI) Stock: Q1 Earnings Jump as Net Income Reaches $1.59B and Revenue Surges to $19.9B appeared first on Blockonomi.

TLDR

• Keysight stock gains 2.35% as its new XR3 oscilloscope targets compact testing systems.
• Keysight launches a 14-bit XR3 oscilloscope with four analog and 16 digital channels.
• XR3 delivers up to 1 GHz bandwidth and supports over 100 synchronized channels.
• Keysight targets aerospace and manufacturing testing with its compact 1U oscilloscope.
• New XR3 combines 100 million memory points per channel with real-time analysis tools.

Keysight Technologies shares advanced 2.35% to $305.95, adding $7.01 during the trading session. The stock maintained an upward trend despite intraday fluctuations, while the company introduced its new XR3 oscilloscope. The launch expands Keysight’s measurement equipment portfolio with a compact instrument designed for increasingly complex automated testing environments.

Keysight Technologies, Inc., KEYS

Keysight Introduces XR3 Oscilloscope for High-Density Testing

Keysight Technologies introduced the XR3, a 14-bit oscilloscope designed for rack-based automated test systems. The instrument occupies one rack unit (1U) and combines four analog channels with 16 digital channels. Consequently, engineers can expand measurement capacity without installing several traditional bench instruments.

The XR3 addresses growing equipment demands across aerospace, defense, manufacturing, and physics applications. These industries increasingly require synchronized instruments to handle complex testing and measurement operations. However, conventional oscilloscopes often occupy significant rack space and require extensive cabling.

As test systems expand, additional instruments can also introduce signal skew and integration challenges. Engineers therefore face pressure to balance measurement performance with equipment size and system complexity. The XR3 addresses these requirements through a compact architecture that combines multiple measurement capabilities.

XR3 Delivers 14-Bit Performance and Synchronized Channel Capacity

Keysight built the XR3 around its MegaZoom 5 application-specific integrated circuit and a 14-bit analog-to-digital converter. The architecture delivers a 50-microvolt root mean square noise floor and supports 1.3 million waveforms per second. Additionally, each channel provides 100 million points of memory for capturing small signals and rare events.

The instrument offers selectable bandwidths ranging from 200 MHz to 1 GHz. This flexibility allows engineers to match measurement performance with specific testing requirements. Meanwhile, hardware-based zoom, filters, zone triggering, and color grading operate in real time without reducing waveform update rates.

The XR3 also supports synchronization across multiple instruments through an autosensing 10 MHz reference connection. This capability enables engineers to combine more than 100 time-correlated channels within one multi-blade system. Furthermore, automatic synchronization, discovery, and deskew simplify configuration across connected instruments.

Software Integration Expands XR3 Applications

Keysight included native software for protocol decoding, power supply testing, and jitter analysis. These tools support common debugging requirements and provide additional measurement capabilities within automated testing environments. Moreover, the Infiniium 2026 software can run on an external controller and manage multiple XR3 instruments.

The unified interface allows engineers to visualize and control several units from one screen. This approach reduces the need to manage separate instrument interfaces during complex testing operations. Additionally, the XR3 can work alongside Keysight’s next-generation XR8 oscilloscope.

The combination allows customers to add low-noise, cost-effective high-impedance channels without converting them into high-speed channels through adapters. Keysight Vice President of Product Management Jun Chie identified rack space and measurement performance as central engineering requirements. The company expects the XR3’s compact design and synchronized architecture to support larger testing systems.

The launch strengthens Keysight’s offering for engineers developing high-density measurement environments. Its combination of 14-bit resolution, flexible bandwidth, and synchronized channels targets demanding automated testing applications. The XR3’s rack-mounted design provides an alternative to conventional bench-based measurement configurations.

The post Keysight Technologies (KEYS) Stock: Rises as XR3 Launch Brings 14-Bit Oscilloscope Performance to Compact Systems appeared first on Blockonomi.

TLDR

• Pfizer reports $16.6 billion in Q3 revenue as launched products deliver 32% growth.
• Pfizer raises its 2026 revenue guidance to $62 billion–$64 billion after strong results.
• Eliquis, Padcev and Lorbrena drive growth as Pfizer expands its medicine portfolio.
• Paxlovid revenue drops 63%, while Comirnaty sales decline 29% during the quarter.
• Pfizer maintains adjusted EPS at $0.87 and raises its full-year earnings outlook.

Pfizer Inc. (NYSE: PFE) stock declined 1.84% to $30.10, shedding $0.57 during the trading session. The decline came as the pharmaceutical company reported third-quarter 2026 revenue of $16.6 billion. However, strong sales from recently launched and acquired products supported growth across its business. Pfizer also raised its full-year revenue and adjusted earnings guidance following its year-to-date performance.

Pfizer Inc., PFE

Pfizer Reports $16.6 Billion in Third-Quarter Revenue

Pfizer generated $16.583 billion in third-quarter revenue, compared with $16.654 billion during the same period in 2025. Revenue remained relatively flat year-over-year, reflecting weaker COVID-19 product sales and declines across several established treatments. However, the company recorded 7% operational revenue growth after excluding Comirnaty and Paxlovid contributions.

Additionally, launched and acquired products delivered 32% operational revenue growth during the quarter. These products supported commercial performance as Pfizer continued expanding its portfolio beyond COVID-19 treatments. The company also recorded $46.067 billion in revenue during the first nine months of 2026, representing 2% growth.

Pfizer’s reported diluted earnings per share reached $0.56, down 9% from $0.62 in 2025. Meanwhile, adjusted diluted EPS remained unchanged at $0.87 during the reporting period. Adjusted income increased 1% to $4.985 billion, while reported net income declined 8% to $3.242 billion.

Strong Product Sales Offset Declining COVID-19 Revenue

Several established medicines delivered higher sales and supported Pfizer’s third-quarter commercial performance. Eliquis generated an additional $513 million in revenue, representing 25% operational growth. Higher US pricing and stronger global demand contributed to the increase, although generic competition affected some international markets.

Padcev revenue increased 55% operationally to $255 million above the previous year’s level. The growth reflected stronger market share in first-line bladder cancer treatment and continued uptake across additional indications. Furthermore, the Vyndaqel family recorded 12% operational growth, supported by expanding market access and patient demand.

Nurtec ODT and Vydura delivered 33% operational revenue growth, while Lorbrena increased 43%. However, declining COVID-19 product sales continued to weigh on overall performance. Paxlovid revenue fell 63%, representing a $771 million operational decline, while Comirnaty revenue dropped 29%, or $339 million.

The Prevnar family also recorded a 10% operational revenue decline, reflecting weaker vaccination rates and market share erosion. These declines offset part of the growth generated by newer medicines. Nevertheless, Pfizer maintained relatively stable quarterly revenue through stronger performance across several non-COVID product categories.

Pfizer Raises 2026 Financial Guidance

Following its third-quarter performance, Pfizer increased its full-year 2026 revenue guidance. The company now expects revenue between $62 billion and $64 billion, compared with its previous $60.5 billion to $62.5 billion range. This adjustment represents a $1.5 billion increase at the midpoint.

Pfizer also raised and narrowed its adjusted diluted EPS guidance to 2.95–3.05. Previously, the company projected adjusted diluted EPS between $2.80 and $3.00. The revised outlook includes a one-time $650 million research and development charge tied to its Innovent Biologics collaboration.

The company expects adjusted research and development expenses between $10.8 billion and $11.8 billion. Meanwhile, adjusted selling, informational and administrative expenses should reach $12.5 billion to $13.5 billion. Pfizer also maintained an adjusted effective tax rate estimate of approximately 15%.

Research Investment and Capital Allocation Remain Priorities

Pfizer continued allocating substantial capital toward research, development and business expansion during 2026. The company invested $8.3 billion in internal research and development projects during the first nine months. Additionally, approximately $850 million supported business development transactions, primarily through its Innovent Biologics agreement.

Pfizer also returned $7.3 billion to shareholders through cash dividends during the same period. This represented $1.29 per common share, reinforcing its existing dividend commitment. However, the company completed no share repurchases during 2026 and retained $3.3 billion in authorization.

Meanwhile, Pfizer advanced its late-stage development pipeline through eight pivotal study starts, one pivotal readout and two regulatory decisions. Its research activities cover oncology, immunology, vaccines and obesity treatments. These developments provide additional opportunities to expand its medicine portfolio and support future commercial growth.

The post Pfizer Inc. (NYSE: PFE) Stock: Q3 Revenue Hits $16.6B as Launched Products Drive 32% Growth appeared first on Blockonomi.

Mercado Bitcoin has assured customers they won’t lose any funds after the security incident that led it to suspend deposits and withdrawals on Monday.

The Brazilian crypto exchange has now put the value of the assets involved at around $38 million. Meanwhile, it had already blocked $11 million in coordination with Tether, Circle, Paxos, BRL1, and Chainalysis.

Recovery Efforts Continue

In its latest update, Mercado Bitcoin said other amounts eligible for blocking have also been identified, and containment efforts are continuing. The statement comes after an incident identified in one of the company’s systems during the early hours of Monday. The exchange temporarily suspended access to services as a preventive measure to protect customer assets. It said services would resume once full security conditions were in place.

The initial scale of the incident was reported by blockchain security firm Hypernative, which said more than $40 million had moved out of wallets tied to Mercado Bitcoin overnight. The firm’s preliminary estimate covered transfers across at least 10 blockchains, including Bitcoin, Ethereum, Solana and Tron. The exchange had previously said no customer data had leaked.

The first suspicious transfer was recorded at 2:15 UTC, while the largest movements took place between 6:19 and 6:53 UTC, when wallets linked to the exchange sent funds to newly created addresses. The transactions appeared to be ordinary signed transfers, meaning they were sent as though the source wallets had authorized them. Hypernative said it was still unclear how the attacker obtained the ability to sign those transactions.

More Exploits

The industry has had little breathing room, especially after the reported $6.3 billion Binance hack.

Meanwhile, ZachXBT flagged a separate suspected theft involving more than $133 million in withdrawals from centralized exchanges linked to an unnamed EU entity. The blockchain investigator identified an additional $27 million in withdrawals by the suspected illicit actor, which takes the total from the previously reported $106 million to more than $133 million.

The funds were withdrawn in USDC and USDT before the attacker began swapping USDC for ETH, routing transactions through instant exchanges such as WellWallet and Kyrrex, and converting funds into privacy-focused cryptocurrency XMR through Wagyu. The actor also bridged funds across multiple blockchains. ZachXBT said he was highly confident the activity was not linked to North Korea’s Lazarus Group, citing multiple laundering indicators.

He believes a large financial institution in Western Europe may have been exploited and suspects the incident is being covered up. ZachXBT also criticized the absence of a proper incident disclosure, while claiming that more than $30 million had already been laundered and could have been frozen by EU law enforcement.

The post Mercado Bitcoin Assures Users Won’t Lose Funds Following $38M Security Breach appeared first on CryptoPotato.

A proposal to gradually lower NEAR Protocol’s maximum annual token issuance from 2.5% to 1.6% over 24 months has secured approval from the network’s House of Stake governance body.

The measure, outlined under HSP-029, aims to slow supply growth and limit long-term token dilution while preserving the existing reward structure. It retains the current allocation of newly issued tokens. 90% goes to staking participants, and the remaining 10% is directed to the protocol treasury.

Rather than introducing a new emissions framework or changing validator reward distribution, the measure focuses on adjusting a single protocol parameter.

HSP-029

The reduction will be introduced gradually across network epochs. The issuance ceiling will decline by approximately 3.75 basis points each month until it reaches the 1.6% target. According to estimates in the proposal, the revised schedule could prevent around 11.8 million NEAR from entering circulation over the first two years, with the cumulative reduction reaching 66.1 million over six years. This would leave the network’s supply approximately 4.36% lower than under the existing issuance model.

The change is also expected to affect staking returns. Based on the network’s September participation figures, gross staking yield is projected to fall from 5.268% to 3.372% once the new issuance rate is fully implemented.

The move comes amidst several discussions within the NEAR ecosystem about how to improve token economics without introducing discretionary funding mechanisms. Earlier proposals involving a treasury-backed fund raised concerns about placing validator support and capital allocation under human decision-making rather than predictable protocol rules. HSP-029 instead opts for a scheduled adjustment that requires no new administrator, price oracle, or spending program.

The change will not take effect immediately following the vote. It still requires a Security Council review, ratification, and a 90-day waiting period before validators adopt the necessary upgrade. Once implemented, the lower issuance rate will be introduced gradually over 24 months, while the existing token distribution remains unchanged.

Price Struggles

Near Protocol’s native token, NEAR, stayed in the red. It dropped 7% over the past 24 hours to trade around $3.84.

The decline comes as most large- and mid-cap altcoins posted relatively smaller losses on Tuesday, making it one of the weaker performers in the market.

The post NEAR Governance Approves Major Supply Cut – But Token Slides 7% appeared first on CryptoPotato.

After a rough year (so far), the cryptocurrency community expected October to bring some relief and deliver substantial gains for certain digital assets. After all, it is among the strongest months for the market, hence its nickname “Uptober.” However, the period failed to meet expectations and ended with the $6.3 billion Binance hack, which suppressed the prices of numerous cryptocurrencies.

Attention has shifted to November, which features a busy calendar of economic and political developments that may drive additional market turbulence. Curious what AI had to say, we asked three of the most widely used chatbots which three cryptocurrencies deserve a $1,000 investment in November. We should add a vital disclaimer: this is not financial advice, but simply the opinion and analysis of some AI platforms. Here are their interesting answers.

ChatGPT Plays Safe?

OpenAI’s platform said allocating $1K each to Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) seems most reasonable for November. The primary cryptocurrency is its first choice because the investment case there is “relatively straightforward: limited supply, established institutional access, and demand from investors seeking exposure to a scarce digital asset.”

ChatGPT said BTC’s bull case this month depends on a shift in the economic backdrop. It highlighted key events such as the US employment report on November 6, followed by CPI data scheduled for next week, saying they could reshape interest-rate expectations.

“If hiring cools without suggesting a recession, and inflation comes in softer than expected, investors could become more willing to buy risk assets. That would give Bitcoin a potential catalyst for recovery after October’s weakness,” it stated.

The platform’s second pick is ETH, calling it “a bet on blockchain infrastructure.” According to ChatGPT, the largest altcoin could benefit if a potential BTC recovery encourages investors to take more risk across major cryptocurrencies.

“The argument for putting $1,000 into ETH would be that improving sentiment could bring buyers back to an asset with established uses in transaction fees and staking – but that is a conditional recovery thesis, not a confirmed November event,” it added.

The platform said its third contender, SOL, has “the most concrete event” of the three: Breakpoint, scheduled for November 15-17 in London. The conference will focus on institutional adoption, payments, stablecoins, and tokenized assets. According to ChatGPT, it could create an opportunity for announcements that could positively impact the price.

Other Options

Perplexity and Google’s Gemini shared quite different theories from ChatGPT. The former said its top pick for a $1K investment in November is Ripple’s XRP and explained why:

“XRP could spike in November because its spot ETFs have posted seven straight months of net inflows while institutional adoption expanded – BNY corporate payments, Standard Chartered custody, Ripple Bank approval, and RLUSD support – so renewed ETF demand or a favorable regulatory decision could trigger a sharp rebound from its oversold October decline.”

Perplexity’s second choice is Chainlink (LINK). It argued its price could rise in the coming weeks because major banks and financial firms are increasingly using its technology to connect and tokenize real-world assets, which could drive fresh demand for the coin.

The AI-powered chatbot placed Avalanche (AVAX) third, describing it as “the higher-beta ecosystem bet.” It claimed it has more upside potential but also more execution and competition risk.

Gemini also selected LINK and XRP as two of the three cryptocurrencies it believes could be worthwhile $1,000 investments in November. Its third pick was the rather surprising Ondo Finance (ONDO).

“Investing $1,000 in ONDO in November gives you direct exposure to Real-World Asset (RWA) tokenization, as traditional finance giants like BlackRock increasingly move Treasuries and equities on-chain,” it concluded.

The post 3 Cryptocurrencies to Invest $1,000 in This November: Popular AIs Name the Top Contenders appeared first on CryptoPotato.

XRP network growth appears to have picked up pace even as its price hovers near $1.25. Santiment found that 7,934 new wallets were created on November 1st, which happens to be the sixth-highest daily total of 2026.

That’s notable, especially since Sundays are usually quieter for crypto network activity.

Potential Turning Point

The surge follows a busy week for XRP and came just after the Binance hack, which may have pushed more users toward self-custody and fresh wallets. Santiment said that strong network growth suggests usage is improving while price remains under pressure. The immediate pivot is $1.25, and $1.30 is the first level that would confirm stronger momentum.

If daily new-wallet growth stays above roughly 4,000 and XRP reclaims $1.30, the setup looks more constructive. On the other hand, a drop below $1.20 and growth under 3,000 would weaken that signal.

CryptoPotato recently reported that XRP whale outflows on Binance also surged nearly three times the September 2022 reading. These outflows could ease near-term selling pressure.

Contrarian Opportunity Emerges

XRP and other top caps such as Bitcoin and Ethereum have already been witnessing weakening sentiment for nearly two months. The Binance hack further accelerated the downfall. As prices have fallen and fear has spread across the market, bullish commentary has collapsed. XRP now has just 0.61 bullish comments for every bearish one, while Bitcoin stands at around 0.69.

Ethereum is holding up better at around 1.14, but enthusiasm has still fallen sharply from September. These ratios give a clearer picture of when retail traders become unusually confident or fearful, and right now, fear has clearly swept over the crypto community.

Santiment revealed that the darkest sentiment periods have often created the strongest contrarian opportunities once panic has had time to settle. The community is still reeling from crypto’s largest-ever hack, which makes the current situation particularly difficult. Despite this, if BTC and XRP sentiment stays below 1.0 while prices stop making new lows, a mid-term relief rally could eventually take shape.

“Extreme fear alone does not mark the exact bottom, but fear plus price stabilization has often been a much stronger signal.”

The post 7,934 New XRP Wallets in One Day: Network Activity Defies Sunday Slowdown appeared first on CryptoPotato.

Ethereum remains under pressure near $2.3K after its latest recovery failed to reverse the broader downtrend. With the ascending daily channel already lost, attention is shifting toward nearby demand and the liquidation concentrations beneath the market.

Ethereum Price Analysis: The Daily Chart

The daily chart shows a clear deterioration in Ethereum’s structure following the breakdown below the ascending channel. A subsequent rebound into the $2.44K–$2.52K supply zone was rejected, reinforcing the bearish significance of the broken channel boundary. Since then, ETH has continued to form lower highs and lower lows.

The latest decline produced a sharp wick toward $2.17K, followed by a modest recovery that has struggled to hold above $2.26K. This suggests that buyers are defending the recent lows, but their response has yet to establish a meaningful reversal. The $2.17K–$2.22K region is now an important near-term support area. A sustained break beneath it would expose the psychological $2K level, followed by the broader daily demand zone at approximately $1.82K–$1.98K.

For buyers to improve the outlook, ETH first needs to recover the $2.31K–$2.36K region, where several recent candles consolidated before the latest selloff. However, the more significant barrier remains the $2.44K–$2.52K supply zone. Until that area is reclaimed, recoveries remain vulnerable to renewed selling.

ETH/USDT 4-Hour Chart

On the four-hour timeframe, Ethereum continues to trade within a descending channel. The recent selloff reached the $2.17K–$2.22K demand zone near the channel’s lower boundary, triggering a rebound toward $2.31K. That recovery was subsequently rejected, leaving the price back around $2.25K.

The failure to sustain the bounce preserves the sequence of lower highs and suggests that sellers remain in control of the short-term structure. Another test of the $2.17K–$2.22K support zone appears plausible if ETH cannot regain the $2.30K–$2.31K area. Repeated pressure on this demand zone could increase the risk of a breakdown, although the recent rejection wick shows that buying interest is still present.

Alternatively, a sustained recovery above $2.31K would bring the descending channel’s upper boundary, currently around $2.35K–$2.38K, into focus. Breaking that trendline would weaken the immediate bearish setup and could allow a broader recovery toward the $2.44K–$2.52K supply zone.

Sentiment Analysis

The Binance ETH/USDT liquidation heatmap highlights estimated liquidation concentrations below the current price. A nearby band sits around $2.15K–$2.20K, broadly overlapping the support region identified on the price charts. A larger, brighter concentration is visible around $2K–$2.05K.

This positioning makes the area just above $2K particularly relevant if Ethereum loses its recent lows. A move into these levels could trigger long liquidations and amplify downside volatility. However, the heatmap identifies potential liquidation exposure rather than guaranteed price targets or confirmed buying support.

Above the market, substantial concentrations remain around $2.8K–$3K, but these are distant from the current structure. For now, the nearby downside clusters and repeated failed recoveries keep the focus on support. A recovery above the four-hour descending channel would be the first technical development to ease that pressure.

The post Ethereum Price Analysis: ETH Recovers to $2.3K, but Bears Still Eye $2K appeared first on CryptoPotato.