INNIO's revenue surge highlights a shift towards self-sufficient energy solutions in AI, potentially reshaping power dynamics in tech infrastructure.

The post Innio crosses $1 billion in quarterly revenue as AI data centers buy their own power appeared first on Crypto Briefing.

Investor caution in AI may lead to more sustainable valuations, emphasizing tangible returns and potentially extending the market cycle.

The post Investor caution tempers AI valuations amid NASDAQ correction appeared first on Crypto Briefing.

The surge in Strategy's trading volume highlights the growing influence of Bitcoin sentiment on market dynamics, challenging traditional industry giants.

The post Strategy’s MSTR daily trading volume surpasses Boeing’s appeared first on Crypto Briefing.

The debate over Proposition 40 highlights tensions between wealth taxation and public funding, potentially influencing future fiscal policies.

The post California’s Proposition 40 faces fierce debate over billionaire tax appeared first on Crypto Briefing.

The release of cheaper AI models by OpenAI and Anthropic may reshape market dynamics, challenging premium offerings and affecting revenue streams.

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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.

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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.

Binance attributes its last reported 5% replenishment gap to less-liquid assets, while its November 3 withdrawal plan reopens routes progressively.

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Defend American Jobs, a crypto-backed political group, spent more than $55 million supporting Republican Jon Husted and opposing Sherrod Brown in Ohio between Sept. 21 and Oct. 26, according to Americans for Financial Reform. Husted had already voted to advance the CLARITY Act. Americans vote today, Nov. 3, in midterm elections that will determine control…

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Reuters, citing KCNA, reported the denial after the FBI blamed TraderTraitor for stealing more than $6 billion from Binance.

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Participating institutions can settle tokenized deposit transactions in central bank money beyond conventional hours, supporting treasury and fund activity.

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November 2 ETF redemptions add a demand concern as Bitcoin's latest decline follows a drop in real yields through October 30.

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The crypto market lost about 9 percent of its value in October 2026: total market capitalization fell from $2.86 trillion on 1 October to $2.60 trillion on 1 November. Bitcoin ended the month 7.3 percent lower at $77,441, Ether lost 16.1 percent, and of the 20 largest coins excluding stablecoins only Monero and LEO gained. The month was shaped by the Binance hack on 29 October with about $6.3 billion stolen, rising rate expectations in the US and a shift in sentiment from greed to fear, according to CoinMarketCap and DefiLlama data as of 1 November 2026. Here is October by the numbers, with the events that mattered, the hack tally and the outlook for November.

Crypto monthly recap October 2026: key points

• Total market: $2.60 trillion, −9.1% in October; Bitcoin dominance up from 58.6% to 59.8%.
• Bitcoin: $77,441, −7.3%; October high of $86,513 on 5 October.
• Winners: Monero +9.9%, LEO +4.1%; 18 of the 20 largest coins fell.
• Losers: Stellar −25.1%, Canton −22.5%, Cardano −21.8%.
• Hacks: 35 incidents with $6.50 billion in losses, $6.36 billion of it at Binance.
• Sentiment: Fear and Greed Index down from 69 (greed) on 1 October to 36 (fear) on 31 October.

The crypto market in October 2026 by the numbers

The key figures of the month, measured from 1 October to 1 November. Market data and sentiment from CoinMarketCap, DeFi and stablecoins from DefiLlama:

Three things stand out. First, Bitcoin held up better than the rest: dominance rose to 59.8 percent because 15 of the other 19 large coins fell harder. Second, capital left DeFi, with total value locked down by just over $10 billion. Third, the stablecoin supply shrank by $7.5 billion, and that is the money waiting on the sidelines to buy crypto. You can follow all of these metrics daily in our crypto insights.

Winners and losers in October 2026

Only two of the 20 largest cryptocurrencies excluding stablecoins finished October higher: the privacy coin Monero with 9.9 percent and LEO, the token of the Bitfinex exchange, with 4.1 percent. Hyperliquid held up best among the losers at −3.3 percent. The biggest drops came from Stellar (−25.1%), Canton (−22.5%), Cardano (−21.8%) and Avalanche (−21.7%). Ether lost 16.1 percent, more than twice as much as Bitcoin, and Solana 19.2 percent.

The pattern is typical of a month full of shocks: investors retreat into Bitcoin, and altcoins without much demand of their own fall two or three times as hard. Monero was already among the winners in the last week of October, as our crypto weekly recap for week 44 shows. To see what October did to your own portfolio, the tools in our crypto tax software comparison track gains and losses for every coin.

Bitcoin in October 2026: a second losing October in a row

Bitcoin entered October at $83,566, stood highest at $86,513 on 5 October and lowest at $77,202 on 31 October. That makes October, known as "Uptober", a losing month for the second year running. Since 2018, six of eight Octobers had ended in the green for Bitcoin, as our October track record shows. The two big drops came on 8 October, when rate fears and $1.16 billion in liquidations briefly pushed the price below $81,000, and after the Binance hack on 29 October.

The events of crypto October 2026

• 8 October, markets: Fed rate fears, liquidations and ETF outflows hit Bitcoin, Ether and Solana; the reasons are in crypto crash reason.
• 8 October, Germany: The German Bundestag rejected a bill to abolish the one-year tax holding period for crypto by 445 votes to 132; details in our report on the Bundestag vote.
• 9 October, Ledger: Tampered devices sold by the reseller CryptoBilis drained coins from Ledger wallets, DefiLlama lists the case at $93 million; what affected users can do is in our report on the Ledger supply chain attack.
• 28 October, Fed: The US central bank held rates at 3.75 to 4.00 percent, while Lisa Cook and Beth Hammack voted for a hike, as CNN reported.
• 29 October, Binance: From 20:05 UTC attackers drained about $6.3 billion; TRM Labs and Chainalysis attribute the attack to the North Korean group TraderTraitor. Binance suspended deposits and withdrawals and pledged to cover all losses.
• 30 October, Wall Street: Intel fell 28.6 percent, Reddit 29.2 percent and the Nasdaq 2.86 percent; more in stock market crash: US stocks trade like meme tokens.

Crypto hacks in October 2026: 35 incidents, $6.5 billion

The DefiLlama hacks database counts 35 attacks with a combined $6.50 billion in losses for October 2026, as of 1 November. Binance alone accounts for $6.36 billion; without it, $136 million remain, less than the $743 million across 37 incidents in September. From January to October 2026 the database lists 325 incidents worth $8.74 billion, compared with 148 incidents and $2.72 billion in the whole of 2025. Why almost all of the damage came through keys and infrastructure rather than flawed smart contracts is explained in our analysis October's hacks hit infrastructure, not code. We track every case in our crypto hacks and security section.

Name.com: attacking the address instead of the code

On 30 and 31 October, attackers hijacked 15 customer domains at the registrar Name.com, including at least 12 websites of DeFi projects such as Flap and Kintsu. Anyone who opened the familiar address landed on a copy running the "Step Drainer" wallet drainer, which tricks users into approvals and empties wallets. Losses are estimated at about $138,000, according to Crypto Briefing, and the projects' smart contracts were not affected. Name.com has restored the domains and advises customers to review their DNS settings and turn on two-factor authentication. How the attackers got into the registrar is still unknown. The lesson: even a site you have used for years can be a trap for a few hours.

How to protect yourself from hijacked DeFi sites

1. Bookmarks instead of search: open DeFi sites from a saved bookmark, not from search results, ads or links in chats.
2. Read every signature: if a site you know suddenly asks for an unlimited approval or several signatures in a row, stop.
3. Take wallet warnings seriously: wallets such as MetaMask simulate transactions before you sign and flag known drainers.
4. Revoke old approvals: check regularly which contracts can still access your tokens, for example with Revoke.cash, and remove what you no longer need.
5. Split your holdings: keep larger amounts on a hardware wallet that shows every transaction in plain text, and use a separate wallet with a small balance for DeFi.

The right devices for that are compared in our hardware wallet comparison.

Sentiment in October 2026: from greed to fear

CoinMarketCap's Fear and Greed Index started October at 69, in greed territory, and reached its monthly high of 70 on 4 October. From 7 October sentiment turned, mid-month the index hovered around the neutral 50, and after the Binance hack it fell to 36, in fear territory, on 30 October. That is where it stood at the end of the month. The daily reading is in our Fear and Greed Index chart.

Outlook for November 2026: dates, scenarios, warning signs

• Tuesday, 3 November: Binance estimates it will publish its full proof of reserves by this day; the US also votes in the midterms, and what that means for crypto is in midterm elections 2026: what they mean for Bitcoin.
• Friday, 6 November: US jobs report for October, a key input for the Fed's December decision.
• December: At the end of October, futures markets priced a Fed rate hike at about 80 percent; the background is in Fed rate hike in December priced in.

Where the major coins stand after October is shown by the three scenarios on our prediction pages for the end of 2026. They project the price on 1 January 2026 forward at fixed annual rates and are models, not price targets:

Despite a weak October, Bitcoin, Ether and XRP sit above the middle of their range, while Solana is well below it and only 16 percent above its bearish scenario. What ten years of monthly returns suggest for November is in our analysis Bitcoin in November.

Warning signs to watch in November

• Less liquidity: the stablecoin supply fell by $7.5 billion in October. If it does not recover in November, the buying power for a rebound is missing.
• Weak breadth: 18 of the 20 largest coins fell and Bitcoin dominance rose to 59.8 percent. Altcoins remain vulnerable as long as money flees into Bitcoin.
• Interest rates: a Fed hike in December would make loans and leverage more expensive, and a strong jobs report on 6 November would make it more likely.
• Stolen coins: part of the Binance loot still sits in the attackers' wallets; our analysis of the 195,000 ETH held by the Binance hacker shows why that can mean selling pressure.

Our take: October 2026 was a weak but orderly month for Bitcoin and a hard one for altcoins and DeFi. Sentiment is in fear, liquidity is shrinking, and higher rates are priced in. Good news from Binance on 3 November and a softer jobs report on 6 November are the two triggers that could ease the pressure. The next monthly recap with all the November figures follows in early December on CryptoTicker. This article is not investment advice.

On Solana, staked coins have to move even though not a single one of them was stolen. According to data cited by the industry outlet Unchained, around 1.56 million SOL were delegated on October 28 to the validator run by the Solflare wallet, which has stopped generating rewards after a key incident at a staking service provider. Solflare has now extended the deadline for switching to a new validator to November 30, and the SOL price stood at $92.99 on Tuesday evening, November 3.

What is established: on October 26 and 27, unknown parties used operating keys from five Solana validators and, by the calculation of analytics firm Bitquery, withdrew assets worth around $135,000; users' delegated balances were left untouched. Our assessment follows further below. For the price, the incident is a footnote. For anyone staking SOL, it is a reminder that the choice of validator carries a risk of its own.

Where the price could head over a horizon of months is covered in our Solana price prediction. This piece is about the coming days and weeks: what exactly happened at the validators, why staking income can stop without a single coin being lost, which chart levels matter now and what investors in Germany need to consider for tax purposes when moving their delegation.

Solana validator incident: what happened on October 26 and 27

A validator is a computer that produces new blocks on the Solana blockchain, checks the blocks of others and supports consensus with its vote. For every vote it pays a small fee from an account of its own, the so-called vote account. Anyone running a validator manages several keys for this: one for the machine's identity, one for voting and one that can withdraw funds from the vote account.

These operating keys were precisely the target. According to an analysis by Bitquery dated October 29, reported by Coinpaper, the attacker used keys belonging to five validators, including those of Solflare, Blockdaemon and Astraeus. On October 27, four validators stopped voting at the same time. Within three minutes, assets worth around 1,188 SOL flowed into a single wallet; Bitquery puts the total at 1,343 SOL. The largest share was 637 JitoSOL, a liquid staking token that Bitquery values at around 833 SOL.

The money trail shows how professionally the outflow was organized. The attacker swapped JitoSOL into SOL, moved the assets to the Ethereum blockchain via the Bridgers and Chainflip services and on October 28 deposited around 57 ETH into the Tornado Cash mixer. According to Bitquery, the first deposits there came less than nine minutes after the first withdrawal across the bridge.

On the cause, Blockdaemon published a forensic update on October 30. As described by Coinpaper, the keys dated from 2020 to 2022 and sat as a local copy on a former employee's company device; the company said it found no sign of an intrusion into its current validator infrastructure. How the attacker obtained the copy remains unclear as things stand.

Delegated staking explained: why the staked SOL are not gone

Anyone staking SOL through a wallet does not hand the coins over to the validator. The SOL sit in a separate stake account that only the owner controls with their private key. Delegating simply means that the stake account points to a particular validator and gives it voting weight. In return, the owner receives a share of the rewards the validator earns in every epoch. On Solana, an epoch lasts about two days.

A validator's keys therefore cannot drain a stake account. Solflare put it this way on X on October 27: "Your SOL is safe," adding that user funds had not been touched. Bitquery likewise found no indication that money from customers' stake accounts flowed into the attacker's wallets. What the attacker could drain were the operators' own accounts, including the vote accounts that pay the fees for voting.

That is exactly where the damage lies for delegators. A validator with an empty vote account can no longer vote, and a validator that does not vote earns no rewards. The staked SOL remain fully intact; they simply earn nothing for as long as they are delegated to that validator. A summary of validator discussions by the operator Chainflow also states that the attacker was able to change the withdrawal authority of the affected validators, in which case a validator cannot simply keep running with new keys. We have not found this point confirmed by a primary source, but it would explain why Solflare is setting up an entirely new validator.

1.56 million SOL without income: Solflare extends the move to November 30

Solflare has set up a replacement validator and offers the move directly in its app. Initially, November 1 was the cut-off date for reimbursing missed rewards. According to a report by Parameter on November 3, the wallet has since extended the deadline: "You now have until November 30 to move your stake to the new Solflare validator." Anyone who moves by then will have the rewards for the period from October 26 to November 1 reimbursed.

At the same time, Solflare warns of scammers who could exploit the move: the migration runs exclusively through the app, and the company will never send anyone a direct message or a link. That is the single most important practical sentence of the whole incident. After every known security incident, fake reimbursement pages appear that ask for the seed phrase or request a signature for a supposed refund.

Co-founder Vidor also declared a so-called bunker mode on X on November 1: access to infrastructure and code is locked down, every change requires multiple approvals, and nothing new gets in. "It slows us down and I’m fine with that," he wrote. For customers, this means that new features at Solflare are unlikely in the coming weeks.

SOL price at $93: what has changed since November 2

In our Solana analysis of November 2, the price stood at $92.78, and the 200-day line at $88.86 was the level expected to decide the next direction. SOL has not reached that line since. The low came on Monday at $90.71 on Kraken, just under two dollars above it, and on Tuesday evening SOL traded slightly higher again at $92.99. In euro terms, that was €83.13 at the same time.

What is new is the security picture. On Monday, Binance's freeze on Solana withdrawals after the October 29 hack was still weighing on the market; the exchange has since gradually reopened withdrawals over the Solana network. The price slide of October 29, when SOL fell from $102.33 to $95.40 in a single day, coincides with that hack and not with the validator incident, which began two days earlier.

We described the link with fund flows this morning in our piece on the outflows from Solana ETFs. Little had changed by the evening: the pressure comes from capital flows, not from the technology.

Solana chart: 200-day line at $88.86, 50-day line at $108.79

The levels are derived from daily closing prices on Kraken. The 20-day moving average stands at $101.33, the 50-day at $108.79 and the 100-day at $98.36. A moving average is the mean of closing prices over a fixed period; it smooths out daily swings and shows whether a trend is holding. SOL is therefore below three of the four lines, with only the long 200-day line at $88.86 still beneath it.

On the upside, the zone around $98 to $100 is the first hurdle. The 100-day line runs there, and the price sat there until October 28 before dropping almost seven percent in one day. Only a daily close above $100 would call the downward move since late October into question. The 20-day line at $101.33 sits just above and reinforces this hurdle.

On the downside, the 200-day line remains the most important level. If SOL breaks below it on a daily closing basis, there is little support until the $84 to $88 zone: SOL closed there between August 20 and 22, before the price turned higher in September. Below that lies the area around $70 to $75, where the price moved for almost six weeks from early July to mid-August; the low came on August 1 at $70.54.

Security wave since the Binance hack: why the validator incident barely moves the price

The incident falls in a week in which the industry is processing several attacks at once: the Binance hack of October 29, a reported data leak at Keystone and the withdrawal halt at Mercado Bitcoin. Measured against these, the damage at the Solana validators is small. Around $135,000, set against a recent daily trading volume of roughly $2.5 billion that CoinGecko shows for SOL, is not supply that noticeably weighs on the market.

More important is what the incident was not. The protocol itself worked: the blockchain kept running, no block was lost and no stake account was drained. What was hit was the operational side of individual validators, that is, the question of how carefully a provider handles old keys. For the price, such a mishap usually counts for less than a day of outflows from the spot ETFs.

Staking rewards and the holding period: the tax side for investors in Germany

In Germany, staking rewards count as other income under Section 22 No. 3 of the Income Tax Act (EStG). They are valued in euros on the day they are received, and they remain tax-free as long as all income of this kind stays below the exemption limit of €256 for the year in total. If the limit is exceeded by even one euro, the entire amount becomes taxable. The Federal Ministry of Finance guidance (BMF letter) does not explicitly address how a later reimbursement of missed rewards by Solflare should be classified; anyone receiving such a payment should record it separately with its date and euro value.

Moving the delegation itself is not a sale. The SOL stay in the same stake account or move to a new stake account belonging to the same owner, and nothing is exchanged. The one-year holding period for the staked coins therefore keeps running, and according to the BMF letter of March 6, 2025, staking does not extend it to ten years either. Whether the holding period itself will survive is politically open; we track the state of the debate on our page on the crypto holding period reform.

A gap in income, incidentally, carries no tax disadvantage: anyone who received no rewards for a week has nothing to tax for that week. What matters is that records remain complete, so that income after the move is cleanly assigned to the correct day.

Our assessment: an operational risk, not a protocol flaw

Our assessment: the validator incident changes little about the price direction over the next few weeks. The evidence is clear: around $135,000 in damage, no stolen user balances and no interruption of the blockchain. What remains decisive for SOL is the distance to the 200-day line at $88.86 and whether the spot ETFs report inflows again. As long as the price closes below the $98 to $100 zone, a further test of the 200-day line is more likely than a quick recovery.

Against this view: the long line itself is still rising, and security news has tended to ease in recent days since Binance began reopening withdrawals. A close above $100 would quickly turn the picture around. The incident also exposes a weakness that goes beyond Solflare: many delegators choose their validator once and never look again. None of this is a recommendation to buy or sell. Cryptocurrencies can fall all the way to a total loss.

Solana staking after the validator incident: there is time until November 30

1. Look up your validator: Open your wallet and check which validator your SOL are delegated to. If you use Solflare, move only within the updated app and ignore any message containing a link. If you want to switch provider entirely, you will find a selection among the staking platforms compared.
2. Keep your keys safe: The incident involved old keys on a forgotten device. The same principle applies to your own SOL: seed phrase offline, larger amounts on a device used only for storage. Which devices support Solana is shown in our hardware wallet comparison.
3. Set price alerts: Create alerts at $88.86 for the 200-day line and at $100 for the upper hurdle. Buy SOL only from a provider with MiCA authorization; the regulated crypto exchanges offer a selection.

(As of November 3, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The largest theft in the history of the crypto market started with a job interview. On November 3, 2026, Binance published a first incident report on the hack of October 29. According to the report, the attackers did not reach the exchange's hot wallets with a stolen key but through months of groundwork: a tampered software package in June, a fake hiring process in September and an internal AI tool in October. Binance puts the damage at more than $6.3 billion.

For the exchange's customers, the report changes little about the current situation. Binance says around 98 percent of the affected holdings have been replaced with company funds, and it is reopening withdrawals step by step. The method matters more. The same scheme of fake job offers and poisoned test assignments has been aimed at developers, freelancers and retail investors for years, and a handful of habits are enough to fend it off.

Binance incident report: how the $6.3 billion hack began

Binance released the report on Tuesday through its own channel on X, alongside a press briefing with security chief Jimmy Su, which CoinDesk reported on. In its summary of the report, The Block cites a figure of $6.34 billion. Both outlets describe the same four-stage sequence, which stretched over five months.

On October 30, Binance had briefly attributed the cause to a compromised laptop in the DevOps team. The new report explains how the attackers got hold of that device and why a single computer was enough. Co-CEO Richard Teng summed it up on X, paraphrased: this was neither a single mistake nor a single breach, and the perpetrators had run a campaign over several months.

The four stages at a glance

• June 2026: An engineer on the wallet DevOps team installs a tampered Homebrew package.
• September 2026: A second employee downloads a rigged coding assignment onto his work computer as part of a fake hiring process.
• October 20, 2026: Through this computer and an internal AI tool, the attackers take over the devices of two wallet engineers.
• October 29, 2026, 20:05 UTC: Using stolen credentials, they launch a container running a malicious script, and the funds start to drain.

Fake hiring process: the coding test with zero-day malware

The decisive foothold was gained in September. According to Su, a software engineer was contacted through a genuine job platform. The sender posed as a project manager. A video call followed with a supposed HR manager, who shared a social media profile with private photos to build trust. A purported company chief appeared in a second call.

It ended with a coding assignment of the kind that is common in technical hiring. The engineer downloaded it onto his work computer. According to Su, the file contained zero-day malware that bypassed the device's endpoint protection. A zero-day vulnerability is a flaw the security software vendor does not yet know about, which is why no detection exists for it at the time of the attack.

The pattern is not new. The FBI warning of September 3, 2024 describes exactly this approach: the perpetrators study professional networks, build trust through lengthy conversations, appear as several people and finally get their victims to run code, for example as a hiring test or as debugging with unfamiliar packages.

Tampered Homebrew package: the first breach in June

Homebrew is a widely used package manager for macOS that lets developers install programs from the command line. According to the report as relayed by The Block, an engineer on the wallet DevOps team was looking for an AI coding tool in June and ended up with a tampered installation.

By its own account, Binance spotted the anomaly, replaced the device and rotated the affected credentials. Even so, the attackers now knew who worked on the wallet team and what role the engineer held. That knowledge about people could not be reset. The June incident was therefore no failure for the perpetrators: it gave them the map for their second attempt.

Internal AI tool: hopping from machine to machine

On October 20, the attackers put the computer infected in September to use. Through an internal Binance AI tool, they reached the computers of two engineers on the wallet team. On one of these devices they found a permission to launch containers in the production environment. A container is a self-contained software environment in which a program runs with exactly the rights assigned to it.

Nine days later, on October 29, they used that permission. They launched a container and ran a script inside it that triggered the attack on the wallet infrastructure. According to the report, the AI tool helped both with the jump between computers and with access to the wallets' signing environment.

EIP-7702 and the MPC wallet: containment took just over four hours

According to CoinDesk, funds began leaving the exchange at 20:05 UTC. The attack was not contained until 00:10 UTC on October 30. Su gave the reason at the press briefing: the attackers exploited EIP-7702, an Ethereum extension from the Pectra upgrade that lets a regular account temporarily take on the logic of a smart contract. That gave them execution rights over a hot wallet.

Binance secures its hot wallets with multi-party computation (MPC). The private key never exists in one place; several parties generate every signature jointly. That protects against the theft of a single key. In Binance's case it had a downside: according to Su, no single key could revoke the permission that had been granted, which is why containment dragged on past midnight.

North Korea and TraderTraitor: what the FBI alleges and Pyongyang denies

The FBI attributes the attack to the North Korean group TraderTraitor. In its report, Binance itself speaks of social engineering, malware and compromised AI tools, and says it has already repelled 57 suspected North Korean attack attempts using similar methods in 2026.

North Korea rejects the attribution. According to The Block, the sister of leader Kim Jong-un on Monday called the FBI's claims a "grave political provocation." There is so far no solid evidence pointing to anyone else; the attribution remains an assessment by US authorities.

Frozen, replaced, SAFU halved: where Binance customer funds stand

Binance says it has frozen or intercepted around $2.85 billion and topped up about 98 percent of the affected holdings with company funds. Teng stresses that users are not affected by the loss. Since 04:00 UTC on November 3, the exchange has been reopening withdrawals in phases for dozens of tokens on BNB Smart Chain, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, TRON and Base. The tokens with the highest demand over the past week came first. After that, hourly deposits exceeded withdrawals, according to Binance.

To compensate users, Binance is also drawing on the SAFU fund, the exchange's emergency fund for user losses. According to CoinDesk, citing data from mempool.space, the fund's bitcoin holdings fell from 15,000 to just over 7,500 BTC through four transactions on October 31. At a bitcoin price of around $77,600 on Tuesday afternoon, according to CoinGecko, that is roughly $580 million. Binance has pledged to refill the fund to around $1 billion without giving a date. The exchange token BNB traded at around $700 at the same time, 0.4 percent below the previous day.

As consequences, the report lists closed entry points, rebuilt or replaced systems, stricter device controls and expanded, AI-assisted detection of unusual behavior. Binance is also commissioning an independent cybersecurity audit.

How to protect yourself from fake recruiters and malware in test assignments

What happened: In September 2026, attackers contacted a Binance engineer through a job platform, held video calls under false identities and got him to open an infected coding assignment on his work computer. On October 29, more than $6.3 billion drained out through this route (Binance incident report, as of November 3, 2026).

Are you affected? As a Binance customer you do not have to bear any loss, according to the exchange; your balance is being replaced and withdrawals are returning in phases. You can be hit by the same scheme if you work in the crypto industry, write code or apply for jobs with a crypto connection. A warning sign is an unusually fast, well-paid offer that leads to a task requiring you to download and run unfamiliar files.

1. Verify identity separately: Call the company on a number or address you looked up yourself before accepting an invitation to a second interview, and never rely on contact details from the recruiter's message.
2. Test assignments only in isolation: Open coding tasks from hiring processes only in a virtual machine with no access to your wallets, passwords and company accounts, as the FBI recommends.
3. No seed phrase on connected devices: Never store recovery phrases or private keys on a computer, phone or in the cloud; malware searches exactly these places first.
4. Software only from the original source: Install developer tools, AI assistants and browser extensions only via the link on the vendor's site, and check names and publishers carefully in package managers.
5. Larger amounts offline: Keep what you do not trade on a hardware wallet, and use a separate wallet with a small balance for tests, DeFi and airdrops.

Our guide how to store crypto safely explains the basics of secure custody, and the hardware wallet comparison lines up the right devices.

Social engineering against retail investors: the scheme reaches far beyond exchanges

Social engineering refers to attacks that target people rather than technology: perpetrators gain trust and get their victim to carry out the decisive action themselves. At Binance, that was downloading a test assignment. For retail investors, it is usually approving a transaction, entering the seed phrase or installing a supposedly useful app.

Fake job offers are a recurring route. Besides hiring tests, the FBI also lists supposed investment offers and approaches from well-known industry figures that rely on stolen photos and cloned company websites. Anyone who manages crypto on the same computer they use to open unfamiliar files carries, on a small scale, the same risk Binance faced on a large one.

The case also shows that good key management alone is not enough. Binance used MPC and replaced the device after the first incident in June. That did not stop the attack, because the perpetrators stole permissions rather than keys and kept their knowledge of the team. For investors, this means keeping the devices you work and browse on separate from the device you sign with.

Binance hack: one job interview opened the way to $6.3 billion

The incident report turns the record hack into a case of personnel security. Three steps help you apply its lesson to your own holdings:

1. A separate wallet for testing: Set up a dedicated software wallet with a small balance for DeFi, airdrops and new applications. You will find suitable apps in the software wallet comparison.
2. Keep long-term holdings offline: What you do not trade belongs on a device that never runs third-party code. Models and prices are in the hardware wallet comparison.
3. Choose exchanges by license: For the balance you leave on a trading platform, what counts is EU authorization, proof of reserves and clear compensation rules. Providers with a MiCA license are listed in the comparison of regulated crypto exchanges.

(As of November 3, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

What is established: the TRX price stands at $0.3097 on November 1, below the level of about $0.33 that the market showed before the attack on Binance on October 29. In its version of October 31, the analytics firm Elliptic still attributes about 475 million TRX to the attacker. Our assessment follows further down: for the price, this known stash weighs more heavily than any level on the daily chart.

The case is interesting for holders in Germany because, unusually, it is known who is selling and how much is left. In most price moves the other side remains anonymous. On the Tron blockchain, by contrast, the stash can be followed address by address.

Tron falls below its level before the attack on Binance

Tron costs $0.3097 on November 1, according to CoinGecko data. The daily high was $0.3278, the daily low $0.3017, and trading volume $1.39 billion. With a market value of $29.43 billion, TRX remains number eight in the market.

How large the decline over 24 hours is depends on the time window and the data provider. CoinGecko shows a drop of 4.97 percent at that point. Invezz, citing CoinPaprika, gives 7.0 percent for Saturday evening, measured at 17:50 London time at $0.308, and also points to the exchange OKX, which showed a 9 percent drop for its own 24-hour period. The range of about five to nine percent is explained by the starting point of each measurement.

The comparison with the level before the incident is what matters. Bitquery traced how the attacker swapped 234 million USDT into TRX on the decentralised exchange SunSwap, paying an average of $0.367 per token while the market price was about $0.33. That purchase briefly lifted TRX to about $0.37 on Kraken late on October 29. Nothing remains of this artificially created high, and the $0.33 from before the attack has also been breached.

475 million TRX with the attacker: Elliptic's count

Elliptic puts the total damage at $6.43 billion, drained on October 29, 2026. Of this, the firm says it has verified $2.85 billion as frozen or seized. That leaves a stash of about $3.21 billion that no issuer can block. According to Elliptic, this sum includes 519,104 ETH, 18,270 BTC, 233 million XRP and those roughly 475 million TRX.

TRM Labs attributes the attack to the North Korean group TraderTraitor and gives a damage figure of about $6.36 billion. Binance itself speaks of $6.3 billion. The attribution to a state-linked group is an assessment by the analytics firms, not a judicial finding; the identity of the perpetrators is unconfirmed.

According to TRM Labs' count, 612.7 million USDT and 46.4 million TRX on the Tron blockchain came from the Binance hot wallet. The far larger TRX stash was therefore created only by swapping the stolen stablecoins.

Overhang in the market: how a known seller caps the price

An overhang is a large quantity of a token, known to the market, that is likely to be sold. The mechanism works in two directions. First, every actual sale pushes the price down because it meets an order book with limited buy-side depth. Second, merely knowing about the stash has an effect: anyone wanting to buy waits, expecting to get in more cheaply later. This second effect explains why a price also gives way on days when the holder moves nothing at all.

For TRX there is the added factor that the quantity is large relative to trading. With 95.02 billion tokens in circulation, 475 million is about half a percent of supply. Measured against daily volume of $1.39 billion, however, the stash corresponds to a substantial share of what is traded in a day at all.

Frozen or not: 378.7 million USDT blocked, zero for TRX

According to TRM Labs, Tether has frozen 378.7 million USDT in two of the attacker's wallets. That is not possible for TRX itself. The difference lies in the design: USDT is a token issued by a company whose contracts contain a freeze function. TRX is the native currency of the Tron blockchain; there is no issuer that could immobilise individual balances.

This very difference explains why the attacker swapped at all. Converting freezable stablecoins into tokens that cannot be frozen was the price he paid to secure his loot, and at $0.367 per TRX that price was well above the market price at the time.

From 575 million to 475 million TRX: just over 100 million tokens fewer

On October 30 we reported here on a 9 percent price slide and a stash of 575 million TRX held by the attacker. Elliptic's count now stands at about 475 million. Between the two readings lie just over 100 million tokens that have found their way into the market or to new addresses.

On October 30 the price was still above $0.33 and thus around the pre-incident level. Since then the $0.32 mark has fallen, as has $0.31. With a daily low of $0.3017, the round $0.30 mark has so far narrowly held.

Also new is the link to an older case: Elliptic has confirmed that part of the Tron funds was laundered together with proceeds from the attack on Bitget in September 2026. That points to the same infrastructure, not necessarily to the same perpetrators.

546 transfers: the loot's trail on the blockchain

The main address through which the attacker moves his TRX has sent 546 individual transfers since early on October 30, according to Elliptic's count. Between $38 million and $67 million in TRX has now left the addresses Elliptic is watching. The firm itself gives the range; it arises because not every onward transfer can be clearly attributed.

On October 30 the original roughly 638 million TRX were split across five new addresses. Over the same period Bitquery counted 15 freshly funded wallets that sold 8.9 million TRX for 3.1 million USDT early on October 30, while the largest single stash stayed put. According to Crypto Briefing, Whale Alert also reported a movement of 120 million TRX to an unknown address.

The pattern of many small transfers is typical of an attempt to make sales disappear into normal trading volume. For investors it is the second window to watch alongside the chart: as long as the large addresses keep selling in small steps, the supply pressure remains.

Levels on the daily chart: $0.30 as the line, $0.33 as the lid

The analysts cited by Coinpaper place support at $0.32, $0.31 and $0.30 and resistance at $0.33, $0.34 and $0.36. The two upper supports have since fallen. What remains is the $0.30 mark, which was almost reached with the daily low of $0.3017.

On the upside, it is striking that the first resistance at $0.33 lies exactly where the price stood before the attack. As long as TRX trades below it, the incident has not been recovered in arithmetic terms. Over seven days the price is down 5.98 percent, over 30 days 7.42 percent. According to Invezz, about 30 percent separates the price from its all-time high of $0.44 in December 2024.

There is no price target from a bank or broker. Invezz expressly notes that no major institution publishes a formal forecast for TRX. Anyone coming across specific targets online is reading model calculations by individual providers, not analyst estimates in the stock-market sense.

TRON Proposal 108: due on November 2 at 12:00 GMT

Regardless of the overhang, a network date is coming up. According to Invezz, the proposal numbered 108 is due to take effect on November 2 at 12:00 GMT, provided the Super Representatives approve it. The Super Representatives are the 27 elected nodes that confirm blocks on the Tron blockchain and vote on parameter changes.

The date falls in a phase in which the market reacts to every piece of network news anyway. If you hold TRX and watch the price that day, you should be able to tell the two causes apart: a vote on network parameters is something different from outflows from a known address.

Buying, leverage and custody under MiCA in Germany

When it comes to buying, since the EU's MiCA regulation took full effect in Germany, providers need a licence to offer crypto services. If you want to trade TRX, you will find the licensed options in our comparison of the best crypto exchanges; it also lists the fee models, which weigh more heavily for a token with a comparatively low unit price than for bitcoin.

On the holding period, the situation for private investors is unchanged: after one year a capital gain from crypto assets is tax-free in Germany, and below that the exemption limit for private sale transactions applies. Selling in a weak phase and buying back shortly afterwards resets the period for the new holding.

Those using leverage have the bigger problem in this situation. A move of five to nine percent in a day is enough to liquidate a position at ten times leverage, and an overhang produces exactly such days. If you use derivatives, you should know your provider's liquidation rules before the next such day comes.

On custody: the attack hit an exchange's hot wallet, not the Tron blockchain itself. For holders this says nothing about the security of their own tokens, but it does raise the familiar trade-off between availability on the exchange and managing your own keys. Binance has announced a full proof of reserves for Monday and cited a reserve of $6.34 billion; whether such a proof holds up depends on the audit method.

Editorial assessment: the overhang weighs more than the daily chart

In the editors' view, the most important figure in this article is not the daily loss but the difference between 638 million and 475 million TRX. It shows that the holder is actually selling, and it allows a rough estimate of the remaining pressure. Supporting this are the 546 transfers since October 30 and the $38 million to $67 million cited by Elliptic that has left the observed addresses. Against it is that nobody knows the pace of the coming days: according to Bitquery, the largest single stash was unmoved on October 30, and a holder wishing to avoid attention can pause for months.

What is assessed here is the situation, not the investment. We do not derive a buy or sell verdict from it, and the risk of total loss with crypto assets persists regardless of this specific question.

Tron overhang: Proposal 108 decides by November 2

Three things matter in the coming days:

1. The $0.30 level. It is the last of the supports cited by Coinpaper that is still holding; the daily low was $0.3017. If you trade with leverage, check the liquidation rules beforehand in our overview of perp DEX platforms.
2. The attacker's stash. If the 475 million cited by Elliptic keeps falling, supply pressure stays in the market; if it stays put, part of the burden falls away. If you reallocate in this phase, keep an eye on the holding period and document it with a tax tool or portfolio tracker.
3. The network date on November 2. Proposal 108 is due to take effect at 12:00 GMT. If you want to hold your own keys and take responsibility for movements yourself, compare the devices in the hardware wallet comparison.

Sources for further reading: Elliptic's continuously updated analysis of the incident and the market overview by Invezz of October 31.

(As of November 1, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

XRP broke upward out of the narrow range of recent days on Tuesday afternoon and traded at $1.278, or about €1.14, at around 15:40 German time. That is a gain of 2.1 percent in 24 hours, while bitcoin lost 0.7 percent to $77,290 over the same period (data: CoinGecko). The reason to look ahead is a day away: on Wednesday, at 15:46 German time at the earliest, the correction fixCleanup3_4_0 is due to go live on the XRP Ledger, closing among other things a gap in delegated payment permissions.

What is established: 33 of 35 trusted validators currently vote for the fix, the majority has held without interruption since 14:46 UTC on October 21, and under the network's rules the change takes effect after a majority has been held for two weeks. Our assessment follows further down: the fix is a repair, not a price driver, but it removes a risk for the stablecoins on the ledger, and that counts for more in the medium-term XRP price prediction than an afternoon's move.

Where the price could head over a horizon of months is set out in our XRP price prediction with scenarios to 2030. This article stays with the next few days: what the fix changes technically, which levels now apply and what you as an investor in Germany can take from it.

XRP price leaves the range between $1.2355 and $1.2646

Since Saturday XRP had oscillated in a band of just 2.4 percent between $1.2355 and $1.2646, the tightest range since August according to the news service 99Bitcoins. On an hourly basis the price was still at $1.256 at 13:00 German time on Tuesday and at $1.278 just under two hours later. The 24-hour high reached $1.29, the low $1.24.

A breakout from such a tight range is often sharper than the figure suggests, because stop orders accumulate at both edges. A stop order is an instruction that automatically buys or sells as soon as a set price is reached. If they are triggered above $1.2646, demand enters the market that stems from mechanics rather than from new conviction. Whether this turns into a move that holds depends on whether the old ceiling now acts as a floor.

Trading volume over the past 24 hours was about $1.65 billion according to CoinGecko, and market capitalisation just under $81 billion. Over 30 days XRP is still down 14.2 percent despite the afternoon rally, and over seven days 2.1 percent.

fixCleanup3_4_0 closes the PaymentBurn gap in delegated payments

On the XRP Ledger, an amendment is a rule change on which the validators vote; there is no central body that simply rolls out an update. fixCleanup3_4_0 arrived with the xrpld 3.4.0 server software and bundles several corrections. The most important concerns permissions: since the PermissionDelegation feature, one account can transfer individual rights to another account, such as the right to destroy tokens. This right is called PaymentBurn.

According to the description in the list of known amendments on xrpl.org, a delegate holding only PaymentBurn could in certain cases execute a payment that tips a balance past zero into new issuance. A right to burn could thus, under some circumstances, become a right to mint. Affected are issued tokens, meaning trustline tokens and Multi-Purpose Tokens (MPT), as used by stablecoin issuers. XRP itself is not affected: its supply is fixed and cannot be minted afresh.

After the fix, the ledger rejects such a payment unless the delegate also holds the PaymentMint permission. Until the change is live, the developers advise issuers not to delegate PaymentBurn at all, according to crypto.news. None of the reports cites a case in which tokens were actually created illegitimately through the gap.

33 of 35 validators: the timetable to Wednesday 15:46

We queried the state of the vote directly on a public ledger server on Tuesday and cross-checked it against the amendment tracker of XRPSCAN. Both show the same thing: fixCleanup3_4_0 has had a majority since 14:46:22 UTC on October 21, 2026. Two weeks later, on Wednesday, November 4, at 14:46 UTC or 15:46 German time, the amendment can go live at the earliest.

The count is 33 yes votes out of 35 trusted validators; the threshold is 28. If support falls to 80 percent or below, the two-week period starts again. Five votes lie between the current approval of 94 percent and that limit.

Why the vote already broke down once in October

The vote did not run entirely smoothly. According to crypto.news, support was below the required majority from October 9 to October 21, and the countdown that was already running lapsed. Activation had originally been expected on October 23. Only on October 21 did the majority return, and the clock started again.

For investors this is no side issue. An amendment backed by the validators becomes mandatory for every server: anyone running a version without support for an activated rule is considered amendment blocked and can no longer process the current state of the ledger. Operators of exchanges, wallets and payment services must therefore be on at least xrpld 3.4.0 before Wednesday afternoon. Major outages are rather unlikely, because the version has been available since September, but a missed update hits smaller services first.

Single Asset Vault and Lending Protocol remain locked despite the fix

The package also contains corrections for features that are not yet running on mainnet. These include rounding issues on deposit, withdrawal and clawback in Single Asset Vaults, as well as checks on delinquency and default in the Lending Protocol. A Single Asset Vault is a vault object on the ledger in which many accounts pool a single asset; the Lending Protocol builds loans on top of it.

According to our query, both features are far from a majority: SingleAssetVault has 21 of 35 votes, LendingProtocol 19. The fix therefore tidies up in advance, before these building blocks arrive. Anyone betting that loans will be possible on the XRP Ledger from Wednesday is mistaken. That feature needs its own vote.

Since the escrow relock: XRP price from $1.25 to $1.28

On Monday our article on the escrow relock of 700 million XRP cited a price of $1.25 and two levels: $1.2400 below and $1.2625 above. Both held until Tuesday midday. Ripple had released one billion XRP from escrow on November 1 and relocked 700 million of them until 2029; 300 million remained free.

Three things are new since then. First, the price crossed the upper level on Tuesday afternoon. Second, Binance is gradually reopening withdrawals after the attack at the end of October, and XRP was part of the first phase. On October 29 we had still been reporting on paused withdrawals for Solana and XRP. Third, the analytics service Santiment counted 7,934 newly created XRP wallets on November 1, the sixth-highest daily figure of the year; the number then fell to 4,101.

Levels for the XRP price prediction: $1.2646 below, $1.30 and $1.3343 above

On the downside, the old ceiling of the range at $1.2646 counts first. If it holds on a pullback, the breakout was genuine. If the price falls back below it, the next level is the range low at $1.2355, which almost exactly matches the daily close of October 30 at $1.2357.

On the upside, the first hurdle is $1.30. XRP lost that level on October 31, when the price slid after the Binance attack. Above it comes $1.3343, the daily close of October 21, the day the majority for the fix returned. On October 22 XRP even closed at $1.3651. For context: 30 days ago the price still stood at just over $1.51.

Our view on the ledger fix as a price driver

Our assessment: the fix alone is unlikely to carry the XRP price. One reason is that it is a bundle of bug fixes that will prompt nobody to buy XRP; the tokens affected are stablecoins and other issued assets, not XRP. The comparison with October points the same way: when the majority returned on October 21, the price rose to $1.3651 the following day, but then fell to $1.29 within a week.

What still makes the fix relevant is the context. Ripple is building the ledger into a platform for institutions with the RLUSD stablecoin and escrow functions, and a gap through which a delegate can mint tokens would be a deal-breaker for an issuer. If the fix arrives on Wednesday as planned, that risk disappears. Arguing against a quick continuation of the breakout is that the broader market remains weak on US election day and XRP is still clearly down over 30 days. We do not derive a price target from this.

Token issuers, RLUSD and trustlines: who is affected by the fix

If you keep XRP in your own wallet, you do not need to do anything because of the fix. Things are different if you hold issued tokens via a trustline, such as a stablecoin on the XRP Ledger. A trustline is a trust relationship between your account and the issuer that you must set up before you can receive its tokens. Here the risk lies with the issuer: if it has delegated PaymentBurn to another account, it should revoke that by Wednesday.

For your own custody, the following applies regardless: the fewer rights your account transfers to third parties, the smaller the attack surface. Any ledger explorer shows whether your account carries delegations when you look up your address there. If you hold larger amounts, keep them on a hardware wallet; our hardware wallet comparison shows which devices are suitable for XRP.

Holding period and buying XRP under MiCA

For investors in Germany the fix changes nothing for tax purposes. Gains from XRP are tax-free after a holding period of one year; before that they count as a private sale transaction with an exemption limit of €1,000 a year. We track the state of the planned reform of the holding period on our page on the crypto holding period reform. If you bought at higher prices in October, you may be sitting on losses after the 14.2 percent drop over 30 days, and these can be offset against gains from other coins in the same year.

If you want to buy now, it is best to purchase XRP from a provider licensed under the EU's MiCA regulation, which has applied to all crypto service providers in Germany since the end of the transition period. Our comparison of the best crypto exchanges shows which platforms hold such a licence and what buying there costs.

XRP Ledger fix: from Wednesday 15:46 the $1.2646 level counts

1. Note the date: from Wednesday at 15:46, fixCleanup3_4_0 can go live, provided at least 29 of 35 validators keep their vote. If you want to buy or sell, use a regulated platform from the exchange comparison so that withdrawals do not depend on a service that misses the update.
2. Watch the level: if XRP holds above $1.2646 on a pullback, the breakout remains intact; a close below it leads back into the old range. Keep holdings you hold for longer safely on a device from the hardware wallet comparison.
3. Record purchase data: each purchase counts separately for the holding period. A tool from our comparison of crypto tax tools records the purchase date and cost basis so you can prove a tax-free sale after twelve months.

(As of November 3, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

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.

GitBook says attackers accessed infrastructure credentials in an AI-assisted breach, prompting a shutdown and emergency token resets.

Chairman Michael Selig said “equity perpetual futures” can now trade on CFTC-registered exchanges, extending a crypto-native instrument to traditional stocks.

Mercado Bitcoin says customers won't pay for a hack that drained tens of millions. Withdrawals on the exchange remain frozen with no restart date.

Amazon, Tesla, SpaceX, Netflix, Lam Research, and SoFi objected to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 56.

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.

HYPE surges after the CFTC approves the first-ever regulated US stock perpetuals, validating Hyperliquid’s core trading architecture.

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.

TLDR

• Fiserv stock jumps 13.94% to $59.17 following its third-quarter earnings report.
• Fiserv doubles its Project Elevate savings target to $1 billion from $500 million.
• The company plans to repurchase $500 million of shares in the fourth quarter.
• Fiserv reports $5.20 billion in quarterly revenue, down 1% year over year.
• Fiserv reaffirms its 2026 organic revenue and adjusted EPS financial outlook.

Fiserv (FISV) Stock climbed 13.94% to $59.17, gaining $7.24 during the trading session. The rally followed the company’s third-quarter 2026 earnings report, which highlighted higher cost-saving targets and plans for a substantial share repurchase. Meanwhile, Fiserv reaffirmed its 2026 financial outlook despite declining revenue and a significant goodwill impairment charge.

Fiserv, Inc., FISV

Fiserv Reports Third-Quarter Revenue Decline and Goodwill Impairment

Fiserv reported third-quarter GAAP revenue of $5.20 billion, representing a 1% decline from the previous year. However, organic revenue remained flat as the company recorded different performances across its two main business segments. Merchant Solutions revenue declined 3%, while Financial Solutions revenue remained unchanged during the quarter.

Fiserv recorded a GAAP loss per share of $11.17, compared with its adjusted earnings per share of $1.75. The company recognized a non-cash goodwill impairment charge of $6.45 billion during the reporting period. This charge significantly affected its reported operating performance and contributed to the quarterly accounting loss.

Fiserv generated $15.52 billion in GAAP revenue during the first nine months of 2026, marking a 2% annual decline. Its Merchant Solutions revenue decreased 1%, while Financial Solutions revenue dropped 4% over the same period. Furthermore, operating cash flow reached $3.09 billion, compared with $4.12 billion during the first nine months of 2025.

Fiserv Raises Project Elevate Savings Target to $1 Billion

Fiserv increased its Project Elevate savings target to $1 billion, doubling its previous $500 million estimate. The company identified additional operational efficiencies following a comprehensive review of its business portfolio. Consequently, the expanded programme reflects its efforts to simplify operations and improve organizational efficiency.

The initiative also supports Fiserv’s broader strategy of reducing expenses while strengthening its technology capabilities. Management highlighted an AI-everywhere approach as part of its operational priorities. Meanwhile, the company reported improving banking client retention, with net attrition declining more than 25% year to date.

Fiserv also highlighted continued underlying growth within its Clover business and increasing momentum across its merchant platform. Major client wins have started contributing to business activity as the company advances its operational strategy. These developments provide additional context for the increased Project Elevate savings target and its focus on long-term efficiency.

Fiserv Plans $500 Million Share Buyback in Fourth Quarter

Fiserv expects to repurchase $500 million of its common stock during the fourth quarter of 2026. The planned purchases will take place under the company’s existing share repurchase authorization. This announcement adds a capital return component to its broader restructuring and operational efficiency strategy.

The company also reaffirmed its 2026 organic revenue and adjusted earnings per share outlook. However, its third-quarter adjusted revenue reached $4.85 billion, representing a 1% annual decline. Adjusted operating margin also fell to 31.2%, compared with 37.0% during the corresponding quarter of 2025.

Fiserv recorded adjusted earnings per share of $1.75 for the third quarter and $5.38 for the first nine months. However, free cash flow declined to $2.04 billion from $2.88 billion during the comparable nine-month period. Against this financial backdrop, Fiserv (FISV) Stock advanced 13.94%, as the company outlined its savings expansion and upcoming share repurchase plans.

The post Fiserv (FISV) Stock: Jumps 14% as Company Raises Project Elevate Savings Target to $1B and Plans $500M Buyback appeared first on Blockonomi.

TLDR

• XTEND shares gained 5% to $1.365 following its latest defense contract update.
• The company completed a $2.8 million defense contract in the Asia-Pacific region.
• Performance Rotors delivered 88 unmanned aerial systems and 84 ground stations.
• The completed contract forms part of XTEND’s preliminary revenue range of 24.5M–26.5M.
• XTEND manufactured the systems through its regional XFAB production network.

XTEND AI Robotics climbed 5% to $1.365 after completing a $2.8 million defense contract in Asia-Pacific. The delivery involved 88 unmanned aerial systems, 84 ground control stations and integrated logistics support. The transaction strengthens the company’s regional defense operations and adds to its previously announced preliminary revenue figures.

Xtend AI Robotics Inc, XTND

XTEND Completes $2.8 Million Asia-Pacific Defense Contract

The company confirmed that its Asia-Pacific subsidiary, Performance Rotors Pte Ltd, completed the contract deliveries in September 2026. The customer operates in the regional defense market, although XTEND did not disclose its identity. The completed order covers equipment and support services supplied under the defense agreement.

The contract included 88 unmanned aerial systems and 84 ground control stations. Additionally, XTEND provided integrated logistics support alongside the equipment deliveries. The company designed the compact aerial platforms for rapid deployment in complex urban environments.

The systems feature collision-tolerant designs and encrypted communications for operational use. XTEND supplied the equipment in portable field kits with software-configured capabilities. Performance Rotors manufactured the systems at its production facilities within XTEND’s regional XFAB network.

XTEND Stock Gains as Regional Manufacturing Supports Deliveries

XTEND shares advanced 5% to $1.365 following the announcement. The stock movement came as the company reported completion of its latest defense delivery. The company did not attribute the entire share-price increase to the contract announcement.

The $2.8 million agreement also forms part of XTEND’s previously disclosed preliminary revenue figures. The company reported an unaudited revenue range of approximately $24.5 million to $26.5 million through September 30, 2026. The completed contract contributes to the revenue range already communicated to the market.

Performance Rotors operates within XTEND’s wider XFAB manufacturing network. The network supports regional production and helps the company meet customer requirements across international markets.Its regional structure allows XTEND to manufacture robotic systems closer to customers and support larger delivery programs.

XTEND Expands Its Global Defense and Robotics Operations

XTEND develops software systems and robotic hardware for defense, homeland security and commercial security applications. Its technology combines autonomous software with drones, robots and robotic subsystems. The company uses its proprietary XTEND Operating System, known as XOS, to coordinate its integrated platform.

The company reports more than 12,500 deployed systems across over 30 countries. Its solutions have also undergone validation in five combat zones. These deployments provide XTEND with an established presence across defense and security operations.

XTEND operates manufacturing facilities through its global XFAB network. The locations include the United States, United Kingdom, Singapore, Israel, Mexico and Latvia. The company maintains regional production capabilities across several international markets.

The post XTEND AI Robotics (XTND) Stock: Expands Defense Footprint With 88 Drone Deliveries appeared first on Blockonomi.

TLDR

• CBOE stock falls 0.90% to $346.06 as the company challenges CFTC derivatives approval.
• Cboe joins Citadel Securities in a legal fight over perpetual stock and ETF derivatives.
• Cboe challenges CFTC approval, arguing securities products require stronger oversight.
• CBOE shares lose $3.16 as the company backs legal action against the CFTC’s decision.
• Cboe raises regulatory concerns over perpetual derivatives tied to U.S. stocks and ETFs.

Cboe Global Markets (CBOE) stock declined 0.90% to $346.06, losing $3.16 during the latest trading session. The decline followed a sharp morning sell-off, although shares recovered some losses later. Meanwhile, Cboe announced its support for legal action challenging the Commodity Futures Trading Commission’s approval of perpetual derivatives tied to U.S. stocks and exchange-traded funds.

Cboe Global Markets, Inc., CBOE

Cboe Joins Legal Challenge Against CFTC Approval

Cboe Global Markets joined the Capital Markets Alliance (CMA) in challenging the CFTC’s approval of perpetual derivatives. The alliance also includes Citadel Securities and the Healthy Markets Association. Together, these organizations seek to challenge the regulatory basis for allowing these products within CFTC-supervised markets.

The legal action focuses on perpetual derivatives linked to individual U.S. stocks and exchange-traded funds. These contracts allow market participants to gain exposure to underlying securities without directly owning them. However, Cboe argues that securities-related products should operate under established securities market regulations.

The company maintains that existing securities laws provide specific protections for market participants. Furthermore, it argues that placing securities products outside registered securities platforms could weaken those safeguards. The legal challenge therefore seeks to address concerns about regulatory oversight and the treatment of these financial products.

Cboe Raises Concerns Over Securities Market Regulation

Cboe Global Markets argues that the CFTC’s recent approvals depart from the regulatory framework governing U.S. securities markets. The company maintains that Congress established specific requirements for securities trading. Consequently, it believes regulators should apply those requirements to products linked to individual securities and broader indices.

The company also raised concerns about regulatory arbitrage across different trading platforms. According to its position, offering securities-related products through CFTC-regulated platforms could bypass certain federal and state requirements. Cboe argues that this approach could weaken established market safeguards and oversight standards.

Cboe also emphasized its history of operating within competitive financial markets. The exchange operator has more than five decades of experience across global trading markets. Additionally, the company stated that competition and financial innovation do not conflict with its position on regulatory compliance. It maintains that new products should follow the appropriate legal framework.

Legal Action Could Shape Perpetual Derivatives Oversight

The Capital Markets Alliance is seeking injunctive relief through its legal action against the CFTC’s approvals. This request aims to address the uncertainty surrounding the regulator’s decisions. Furthermore, the alliance wants the courts to examine whether these products fall under the appropriate regulatory authority.

The dispute also raises broader questions about the boundaries between securities and derivatives regulation. The CFTC oversees derivatives markets, while securities trading falls under a separate regulatory framework. Therefore, determining which rules apply remains central to the legal challenge.

Cboe Global Markets continues to operate across several major financial market segments. Its business includes options exchanges, futures trading, equities markets, and clearing services. However, the regulatory dispute introduces another issue for the company’s market position. Cboe’s opposition reflects its stated preference for consistent oversight across securities-related products.

The post Cboe Global Markets (CBOE) Stock: Falls as Firm Opposes CFTC Derivatives Approval appeared first on Blockonomi.

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.”

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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.

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The cryptocurrency market was hit hard by the recent $6.3 billion Binance hack, yet Hyperliquid’s native token defied the broader pullback and posted a nearly 10% gain over the past week.

However, one popular analyst warned that the asset could soon nosedive by double digits, while a key factor supports the bearish scenario.

Drop Below $60 Incoming?

As of press time, HYPE is changing hands just below $85, down from the local peak of about $96 recorded before the Binance incident. Nonetheless, it remains firmly in the green on both the weekly and fortnightly timeframes.

According to Ali Martinez, though, the asset is forming a potential head-and-shoulders top on the 12-hour chart, pointing to a possible 22% correction. He went even further, suggesting that a sustained close below the $76-$78 neckline could be followed by a crash toward a 10-week low of $59.

The analyst believes a recovery above the right shoulder’s high of the structure, at near $90, would weaken the bearish setup. “The pattern isn’t confirmed until Hyperliquid breaks support. A bounce from $76–$78 could keep the formation from playing out,” he added.

FOUR | Crypto Spaces also presented a pessimistic view. The analyst warned that the recent weakness has tilted the balance in favor of the bears, arguing that a drop below $77 could trigger a collapse toward $60.

Token Talk, for their part, claimed HYPE has reached a critical juncture, identifying the $76-$77 range as a key support zone bulls need to defend.

“If we keep bouncing between these levels, cool. But if support finally gives up, I don’t think the downside is going to be pretty,” they stated.

The Red Signal

According to CoinGlass, HYPE has recorded positive exchange netflows for six consecutive days, indicating that more tokens have been moved to centralized platforms than withdrawn to self-custody wallets. This development is typically interpreted as bearish since it increases immediate selling pressure.

Exchange netflows have been a hot topic lately. Somewhat expected, the $6.3 billion Binance hack undermined the credibility of the world’s leading crypto exchange and led to massive outflows. Once withdrawals were restored, users pulled nearly $4.65 billion from the platform in under 10 hours, far exceeding the roughly $1 billion in deposits recorded over the same period.

Latest data shows that Binance’s netflows for the last seven days have reached almost -$12 billion, while some of its competitors saw significant inflows and increased their market share. OKX, for instance, attracted roughly $360 million in net flows over the past week, while Bybit recorded approximately $140 million.

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