Digital Realty's record leasing surge highlights the growing demand for data centers, driven by AI infrastructure needs, boosting future growth.

The post Digital Realty raises full-year guidance after record leasing bookings appeared first on Crypto Briefing.

The Supreme Court battle could redefine federal vs. state regulatory power, impacting the future of prediction markets and federal oversight.

The post CFTC Chair Selig vows to take state fight over prediction markets to the Supreme Court appeared first on Crypto Briefing.

The incident highlights the vulnerability of cross-chain protocols to blockchain reorgs, impacting their reliability and complicating illicit finance tracking.

The post THORChain pauses operations after Ethereum reorg triggers double refund appeared first on Crypto Briefing.

The financial challenges faced by OpenAI and Meta may prompt a reassessment of AI investment strategies and market confidence.

The post OpenAI cuts fundraising target to $20B; Meta gets credit warning from S&P appeared first on Crypto Briefing.

Meta's humanoid AI could redefine personal tech, raising privacy concerns and accelerating the integration of AI into daily life.

The post Meta reportedly building a humanoid version of its Muse AI agent appeared first on Crypto Briefing.

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Bitcoin Magazine

MSTR Q3 2026 Earnings Call: Analyst Q&A

The full analyst Q&A from Strategy’s (MSTR) Q3 2026 earnings call. Phong Le and Michael Saylor take questions from BTIG’s Andrew Harte, Treasury’s Khing Oei, Galaxy’s Alex Thorn, Citi’s Pete Christiansen and Scott Melker on digital credit, Stretch (STRC) returning to par, the other preferreds, Bitcoin’s financialization and tokenization.

Chapters:
00:00 Strategy’s Balance Sheet vs. the Last Bull Market
02:38 You Need a Lot of Capital to Create a Lot of Credit
04:30 When Does Strategy Turn the Equity ATM Back On?
06:06 Why STRC Took Four Months to Return to Par
08:24 What Happens to STRD, STRK and STRE?
10:44 Why the Euro-Listed STRE Is a Challenge
12:51 Is Strategy Financializing Bitcoin?
16:06 How Institutions Are Damping Bitcoin’s Volatility
19:35 Mr. Edison, Mr. Rockefeller and Financialized Bitcoin
20:34 Will Strategy Issue Tokenized MSTR for U.S. Investors?
23:16 The Promise of Tokenization Is a Free Market
26:33 The Elephant in the Room: No U.S. Token Standard

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 MSTR Q3 2026 Earnings Call: Analyst Q&A first appeared on Bitcoin Magazine and is written by Mark Mason.

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Bitcoin Magazine

Mike Flaum: MSTR Performance “Massively” to the Upside During Next BTC Bull Run

Mike Flaum, CEO of Log Scale Investments, joins Bitcoin Magazine TV to talk Strategy’s Stretch, daily dividends, Strive’s SATS, Bitcoin-backed preferreds vs. Treasury bonds for retirees, mNAV and the four-year cycle. He explains why he separates risk from volatility and why he’s bullish long term.

Chapters:
00:00 Mike Flaum on Strategy and Bitcoin Treasury Companies
00:15 What Stretch Getting Back to Par Means for Strategy
01:18 How Issuing Stretch at $100 Restarts Bitcoin Buying
02:33 Strategy Shareholders Approve Daily Dividends
03:34 Why Daily Dividends Work Like Bitcoin Perpetual Futures
04:51 Opportunistic Traders vs. Long-Term Preferred Holders
07:08 Was Strive’s SATS Oversubscription Net New Money?
09:39 Bitcoin-Backed Preferreds vs. Treasury Bonds for Retirees
11:43 Why Strategy’s Stock Hasn’t Kept Pace With Its Bitcoin
13:41 Gross, EV and Net mNAV Explained
15:04 Digital Credit, Amplification and Share Buybacks
16:47 Strategy vs. Strive’s Capital Stack
18:48 Is the Bitcoin Four-Year Cycle Dead?
20:31 Why Bitcoin Hits an All-Time High Before the Halving
22:08 JPMorgan’s Bitcoin Forecast and Bitcoin’s Long-Term Retur

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 Mike Flaum: MSTR Performance “Massively” to the Upside During Next BTC Bull Run first appeared on Bitcoin Magazine and is written by Patrick Green.

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Bitcoin Magazine

What to Know About the $6.3 Billion Binance Hack

The biggest crypto-related hack in history by dollar volume just hit Binance, with more than $6.3 billion in affected assets moving on-chain. About $3 billion was frozen through stablecoin operators, but $3.3 billion has not been recovered. Bitcoin Magazine TV breaks down what happened, what Binance has said, and why every day now feels like zero day for crypto security.

Chapters:
00:00 Binance Sees $6.3 Billion Move On-Chain in Record Hack
00:15 Binance Freezes $3 Billion as $3.3 Billion Stays Missing
00:45 Polymarket Hack Drains $2.7 Million From User Wallets
01:13 Why Every Day Is Zero Day for Crypto Security
02:45 What the Multi-Chain Hit Reveals About Binance Custody
03:21 TRM Labs Ties the Attack to North Korea’s TraderTraitor
04:49 How the Funds Flowed Through Stablecoins and Aave
05:52 Can Binance Cover the Losses? Solvency Questions
07:31 Why Stablecoin Freezes Aren’t Freedom Technology
09:07 Bitcoin Stays Resilient Through Hacks and Bear Markets

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 What to Know About the $6.3 Billion Binance Hack first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales

Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233 billion analysts expected, according to company filings. Subscription and services revenue did better, reaching $570 million. The company is still heavily tied to trading activity, but its recurring income is growing.

Monthly Transacting Users fell to 7.4 million, down from 9.3 million a year earlier. During its earnings call, Coinbase blamed overall market conditions. Its share of crypto trading volume did rise to 10.7%, the fourth straight quarter of gains, which suggests it is winning business even as the broader market quiets. 

Adjusted EBITDA was $332.9 million, extending a run of 15 straight profitable quarters on that measure. The prediction markets business passed $200 million in annualized revenue, and Coinbase One hit a record number of subscribers.

Coinbase CEO preps share sales

Separately, filings reported on October 30 show CEO Brian Armstrong has set up a plan to sell up to 8.17 million Class A shares. He adopted the plan in August under SEC Rule 10b5-1, which lets executives schedule sales ahead of time. Sales could run from November 16 through October 2027, subject to stock price conditions. Co-founder Fred Ehrsam and President Emilie Choi have similar plans, bringing the total to about 13.6 million shares.

This is not new territory for Armstrong. In the past, VanEck analyst Matthew Sigel tracked about $545.7 million in sales over nine months, starting in April 2025. Armstrong has said these sales are part of his risk management, not a signal about the company.

Coinbase stock slumps nearly 15% 

Coinbase shares (COIN) fell about 15% today, but not necessarily due to this earnings report. 

Binance disclosed a security breach on October 29 that it estimates at $6.3 billion, making it the largest crypto theft on record. Around $3 billion in assets has been frozen so far, with industry partners assisting in the freezes. 

The hackers are allegedly linked to North Korea, though Binance has not attributed the attack to any group. The exchange says it has found no evidence of a leaked wallet private key.

Binance says it has $6.34 billion in reserves available to cover losses. Deposits were unaffected, and the company expects to resume withdrawals within 48 hours. Figures remain preliminary, and estimates vary slightly across outlets.

The market reacted quickly. Bitcoin fell roughly 4.5% to below $77,000. Shares of Strategy (MSTR) fell nearly 10% on the day. Strive (ASST) shares fell over 12% at times. Coinbase’s stock is down over 55% on the year.

This post Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

SEC Charges Two Companies in $130 Million Crypto Trading Scheme

The Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated companies with running a crypto investment fraud that used false federal filings to raise more than $130 million from tens of thousands of retail investors.

The defendants are BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd. A complaint filed in the U.S. District Court for the Northern District of California alleges that from at least October 2025 through June 2026, the companies induced investors in more than 40 states and several U.S. territories to join a “wealth-sharing program.” 

Participants were promised risk-free returns generated by so-called signals for crypto asset trading.

According to the complaint, BG Wealth claimed to be the world’s largest hedge fund, claimed registration with the SEC as an investment adviser, and said it partnered with a licensed and secure crypto trading platform, DSJ Exchange. 

The SEC says none of those claims were true. The complaint alleges the companies submitted false Form ADV and Form D filings to the SEC. Those filings were viewable on the agency’s website and shared with investors as evidence that the SEC had licensed or approved the firms.

Laura D’Allaird, chief of the SEC Enforcement Division’s Cyber and Emerging Technologies Unit, described the operation in a statement. 

SEC: Crypto scheme was ‘a Ponzi-like tactic’

“This alleged scheme was well-planned,” she said, citing social media, encrypted messaging channels, weekly live videoconferences and a mobile app used to engage investors. The complaint alleges the defendants displayed fake certificates bearing the SEC’s seal and made periodic payments to some investors, “a Ponzi-like tactic,” while misappropriating the remaining funds.

The SEC charged both companies with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.

It charged BG Wealth with violating Sections 204(a) and 207 of the Investment Advisers Act of 1940. The agency seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against both companies, along with conduct-based injunctions against BG Wealth.

The Form ADV and Form D filings have been removed from the SEC website.

The SEC’s Office of Investor Education and Assistance has issued investor alerts warning that scammers are using exempt reporting adviser filings to create a false impression of legitimacy. The agency encourages investors to check the background of anyone offering or selling a crypto investment through Investor.gov.

The SEC said it received assistance from the Alberta Securities Commission, the Hawaii Department of Commerce and Consumer Affairs, the Texas State Securities Board, the Utah Division of Securities, the Washington State Department of Financial Institutions, the Wisconsin Department of Financial Institutions, and other authorities.

This post SEC Charges Two Companies in $130 Million Crypto Trading Scheme first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Private credit funds can count interest as income even when the borrower hasn't sent them any cash, because some loan contracts let businesses add interest to what they owe. That gives a company more time to pay, but it doesn't extend the same courtesy to the fund, which could have borrowed money from a bank…

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The company urges vigilance for unexpected authentication prompts as it determines which customer records were accessed.

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Strategy posted a record $20.9 billion in third-quarter operating income as Michael Saylor declared a new Bitcoin bull market. The company's Oct. 29 financial results showed net income of $19.5 billion, compared with roughly $2.8 billion a year earlier. The record operating income came almost entirely from a $20.9 billion gain from changes in the…

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Five funds recorded withdrawals on October 30, with no inflows elsewhere to cushion the reversal.

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Robinhood's quarterly event revenue, Coinbase's annualized milestone and Gemini's smaller Q2 business show how uneven the diversification remains.

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Tether published its third-quarter figures on October 30, 2026, and the most important one is the gap between assets and liabilities: as of September 30, the company's assets exceeded its liabilities by $7,954,630,470. At the end of June the figure was $4.1 billion. The buffer has therefore almost doubled in three months, by $3.85 billion. For you as a holder of USD₮, that is the number that counts, because it shows how much room the issuer has beyond the customer money it has taken in.

The report was prepared by the audit firm BDO. At the same time, the document is a snapshot as of the reporting date and not an audited annual financial statement. What exactly separates the two is set out further down. And for European investors there is a second point that has nothing to do with the figures: on licensed exchanges in the European Economic Area, USD₮ has disappeared from trading, because Tether never applied for authorisation for the token under the EU's MiCA regulation.

What the BDO attestation shows as of September 30

The attestation names three amounts, and they are stated precisely enough to calculate with. According to the report, the company's management asserts the following as of September 30, 2026:

• Total assets: $191,451,091,374
• Total liabilities: $183,496,460,904, of which $183,469,787,261 relates to digital tokens issued
• Excess of assets over liabilities: $7,954,630,470

The third figure is not a separate disclosure but the difference between the first two, and it adds up exactly. That works out to a coverage ratio of 104.3 percent: every dollar of liability is matched by $1.043 in assets. The buffer itself equals 4.3 percent of liabilities. Both percentages are calculated on the amounts Tether reported and do not appear in the report in that form.

Excess reserves are the assets a stablecoin issuer holds above the sum it would owe its customers if every token were redeemed. That buffer works as a shock absorber: if part of the reserves loses value, or if a fast sale means accepting a discount, the buffer takes the hit first rather than the backing of the tokens.

$7.95 billion in excess reserves: the buffer above liabilities

The jump from $4.1 billion to $7.95 billion is the most striking item of the quarter. Tether attributes it to retained operating profit that stays in the company instead of being distributed. The order of magnitude fits: $1.5 billion of quarterly profit plus valuation gains on other reserve positions account for an increase of $3.85 billion.

Put the number in context, though. $7.95 billion sounds like a lot, and against June's $4.1 billion it is. Against a balance sheet total of $191.45 billion it is 4.2 percent. A stablecoin issuer is therefore working with an equity ratio below that of a European bank, albeit with a different business model: Tether does not lend customer money to companies and homebuyers but parks most of it in short-dated government paper.

$1.5 billion in quarterly profit from T-bills and reverse repos

Net operating profit came in at around $1.5 billion in the third quarter, level with the previous quarter. Across the first three quarters of 2026 it adds up to $4.5 billion, which leaves $3.0 billion for the first half. Tether names US Treasury bills and reverse repo transactions as the main source.

Reverse repo means this: Tether lends cash for a short period and receives securities as collateral in return, usually overnight or for a few days. It is one of the most conservative ways to park liquidity, and the return depends almost entirely on short-term interest rates in the United States. If policy rates fall, that profit falls, without anything in the business having to change. Anyone assessing a stablecoin's reserves therefore always looks at two things: the quality of the paper and the point in the rate cycle.

USD₮ in circulation remained broadly stable at around $184 billion across the first three quarters. That is notable, because the same period included considerable market turbulence. A stablecoin whose circulation does not shrink despite price crashes in the crypto market is evidently being used as a parking space and not only as a trading instrument.

$132.4 billion in US Treasuries: the composition of the reserves

Tether put total reserve assets at $191.5 billion at the end of the quarter. Of that, $132.4 billion sits in direct and indirect holdings of US Treasury bills. That is 69.1 percent of the reserves, again calculated on the figures reported. The company describes the remainder as largely liquid, short-dated instruments intended to support redemptions in a range of market conditions.

Two things matter in that for you. First, the largest block carries US credit risk and virtually no interest rate risk, because Treasury bills mature within weeks or months. Second, just under a third of the reserves sits outside that block, and a reporting-date figure says least of all about that part. It is precisely there that the resilience of the backing in a moment of stress is decided.

What a reporting-date figure does not show

A snapshot as of September 30 says nothing about how the positions looked on August 15, or how they behave when redemptions worth several billion dollars arrive in a single day. A holding can look liquid on the reporting date and still cost a discount if it has to be sold all at once. That is not a criticism of the figures but the limit of the format.

An attestation and an annual financial statement are not the same thing

This is the point at which most reporting on stablecoin reserves goes blurry. An attestation is the confirmation of specific information at a defined point in time by an external examiner. An audited annual financial statement, by contrast, covers a whole period, includes notes on the balance sheet items and carries an opinion on the financial reporting as a whole.

Tether itself calls the document a Financial Figures and Reserves Report. According to the report, the company's management asserts the amounts quoted above as of the reporting date; BDO prepared the report. Anyone who reads a comprehensive annual statement into that is reading in more than is there. The document is available, so you do not have to take it second-hand: Tether's transparency page lists the reports, and the announcement on the third quarter of 2026 gives the figures verbatim.

For context, it helps to compare a different kind of coverage proof announced this week: after the attack on Binance, the exchange announced an updated proof of reserves, which cryptoticker.io reported on October 31, 2026 (verifying Binance's proof of reserves). That is a different procedure for a different question: there, the issue is whether an exchange holds its customers' balances; here, whether an issuer backs the tokens it has issued. The two are often thrown together, and they protect against different risks.

USD₮ without MiCA authorisation: why licensed exchanges in the EEA delisted the token

The third-quarter figures change nothing about the European situation, and for you that is the most practically important sentence in this article. The EU's MiCA regulation requires authorisation for asset-referenced tokens and e-money tokens when they are offered to the public or admitted to trading in the EU. Tether has not applied for such authorisation for USD₮. The consequence: licensed providers in the European Economic Area have removed the token from trading, in stages over the past two years. We have broken down the obligations behind that in our overview of the MiCA licensing requirements for crypto companies.

What often gets confused: a delisting is not a ban on ownership. Your USD₮ in your own wallet remains your USD₮, transfers on the blockchain continue to work, and the token does not disappear. What is gone is the trading pair at a licensed provider, the route you used to get in and out. If you want to compare which platforms operate with authorisation, the overview of regulated crypto exchanges has it.

Euro pairs instead of USD₮: trading in Europe is shifting

In practice that means an adjustment many investors only notice when they want to sell. Anyone who has thought in USD₮ for years is now calculating in euros or in an authorised euro stablecoin. Three differences carry weight here.

The first is the spread between the buying and selling price. Euro pairs are less liquid than the large dollar pairs on many exchanges, and with smaller coins that shows up as a wider spread. The second is the currency itself: trading via a dollar stablecoin adds the exchange rate risk between the euro and the dollar, and that disappears with a euro pair. The third concerns tax. Swapping one coin for a stablecoin counts as a disposal in Germany and triggers a taxable event, even if the portfolio value barely moves.

Issuer risk and counterparty risk: two different risks with stablecoins

The reserve figures answer only one of the two questions that matter with a stablecoin. Issuer risk is the question of whether Tether can redeem every token issued at face value. The $7.95 billion buffer and the composition of the reserves speak to that. Counterparty risk is the question of whether the place where your token sits will hand it back to you. The buffer says nothing about that.

That separation is why a strong attestation and a total loss are possible at the same time: if your USD₮ sits on an exchange that fails, the issuer's coverage ratio does not help you. Conversely, the best self-custody is worthless if the issuer cannot service redemptions. Anyone who wants to keep the two risks apart holds larger balances in self-custody and keeps on the exchange only what is actually being traded.

Frozen USD₮ after the Binance attack: Tether can block tokens

One point that belongs in any risk assessment of dollar stablecoins and has nothing to do with the quarterly figures: Tether can freeze individual addresses. After the attack on Binance in late October 2026, USD₮ balances on the attacker's addresses were frozen. From the victims' point of view that is good, and it also shows what a centrally issued token technically is: an entry the issuer can switch off. Bitcoin has no such function.

For you that is no cause for concern as long as your addresses have nothing to do with investigations. It is, however, an argument for not holding the entire liquid part of a portfolio in a single dollar stablecoin, and a further one for distinguishing between the token and the place where it is kept.

What Paolo Ardoino says about the figures

Tether chief executive Paolo Ardoino explains the reserve strategy in the announcement as follows: “Our responsibility is to make sure USD₮ remains dependable when people need it most, including when markets and financial systems come under pressure.” He also pointed to the combination of figures, describing net operating profit of $1.5 billion alongside almost $8.0 billion in excess reserves as a strong basis for that. Both statements appear in the announcement of October 30, 2026 linked above.

That is a company statement about itself, not an assessment from outside. It works as a reason for the strategy, not as evidence of its effectiveness. What is documented are the amounts as of the reporting date, not how the reserves behave under stress.

USD₮ reserves: the buffer covers 4.3 percent of liabilities

The attestation is good news with a narrow scope: the gap between assets and liabilities has doubled, and the business still throws off around $1.5 billion a quarter. None of that changes the European trading situation. Three steps follow from it.

1. Check which pair you are actually trading through. If your recent orders show a USD₮ pair, that is not running through a provider licensed in the EEA. Which platforms operate with authorisation is set out in the overview of regulated crypto exchanges.
2. Decide which stablecoin you use as a parking space. Backing, issuer and authorisation status differ considerably, and for euro investors the exchange rate risk carries weight. The models sit side by side in the stablecoin comparison.
3. Separate your trading balance from your storage balance. Whatever you are not moving in the next few days does not belong on an exchange. The hardware wallet comparison shows suitable devices.

(As of October 31, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

What is documented: the eleven US spot ETFs on Bitcoin recorded a net outflow of $643.33 million on Friday, October 30, as measured by Farside Investors and put at almost the same figure, $643.2 million, by SoSoValue. The bitcoin price stands at $77,514 or €69,212 on Saturday midday, 0.22 percent above the previous day, as of October 31 according to data from CoinGecko. Our assessment follows further down: the outflow measures the behaviour of one particular group of investors and not selling pressure on the spot market, which is why no price target can be derived from it alone.

How the outflow is spread across the individual bitcoin ETFs

Three funds account for almost the entire daily outflow. $233.7 million left BlackRock's iShares Bitcoin Trust, $201.0 million the Fidelity Wise Origin Bitcoin Fund and $129.5 million the ARK 21Shares Bitcoin ETF. Together that is $564.2 million, or 87.7 percent of the daily total; the two largest providers alone account for 67.6 percent.

This distribution matters more for the interpretation than the headline figure. An outflow concentrated in the three largest and most liquid products points to institutional rebalancing at month-end, not to a flight from the asset class. In a broad wave of selling, the smaller funds from Bitwise, VanEck or Grayscale would give up ground noticeably too.

The outflow ends a run of four trading days with inflows. On Thursday, October 29, $17.1 million was still flowing in. After Friday the funds manage $98.14 billion; since their launch in January 2024, net inflows add up to $56.98 billion.

How an ETF outflow reaches the spot market through the authorized participants

A net outflow of $643 million does not mean that bitcoin worth $643 million was sold on an exchange that day. The route runs through the so-called authorized participants, that is, approved trading houses that alone may create and redeem shares of the fund.

When an authorized participant redeems shares, the fund dissolves the bitcoin quantity behind them and pays out in dollars. When and where the trading house actually releases the coins afterwards is its own decision: spread over several days, off-exchange to another large buyer, or against a position of its own in the futures market. Some of the redemptions never reach the market at all; they are netted against holdings that the same house is building up elsewhere.

That is why the daily figure for ETF flows is a sentiment gauge with a lag and not an order book. Anyone who wants to understand the mechanics behind it will find the basics on structure, costs and approval in our overview of which crypto ETFs are tradable in Germany in the first place.

Bitcoin price at $77,514: the range of the past 24 hours

The price moved between $76,338 and $77,932 over the past 24 hours. That is $1,594 apart, or 2.09 percent, a quiet range for the week just gone. From the current level, the daily low sits 1.52 percent away.

On a weekly view bitcoin is down 3.73 percent, over 30 days 7.61 percent. From the all-time high at $126,080 of October 6, 2025, the price is 38.5 percent away. Market capitalisation stands at $1.558 trillion, trading volume over the past 24 hours at $151.8 billion.

Yesterday morning the price stood at $78,186 at this point, as our report on the monthly close recorded. Since then bitcoin has given up $672, or 0.86 percent, and the low at $76,338 has slipped $105 deeper than the overnight low of $76,443 named back then. The 76,000 mark has held, and on two consecutive days at that.

0.66 percent of fund assets: the outflow in proportion

The absolute figure sounds large; the proportion places it. $643.33 million corresponds to 0.66 percent of the $98.14 billion sitting in the eleven funds. Measured against cumulative net inflows since January 2024, it is 1.13 percent. And held against bitcoin turnover on a single day of $151.8 billion, the outflow amounts to 0.42 percent.

Converted into coins, $643.33 million is around 8,300 bitcoin at the current price. That is roughly the quantity the spot market turns over in less than an hour on a normal trading day. None of these three ratios appears in the usual daily reports, and they explain the gap between the headline and the quiet chart better than any single number.

The comparison with June 25: $691.7 million and a different starting point

The last larger daily outflow is four months back. On June 25, 2026, the funds lost $691.7 million according to figures from Farside Investors, so $48.4 million or 7.0 percent more than last Friday. That June day did not stand alone, however: in the trading week from June 22 to 26, around $1.79 billion flowed out of the US bitcoin ETFs.

Therein lies the real difference from today's situation. In June the outflow was the fourth red day in a run; now it is the first after four days of inflows. A single outflow day following a run of inflows has historically had a different knock-on effect than an outflow day in the middle of a week in which money is withdrawn every day. That is why Monday is the more telling marker than Friday.

$427 million in liquidations: the pressure came from leverage

On Friday, leveraged positions worth $427 million were forcibly closed on the crypto market, predominantly long positions, that is, bets on rising prices. This figure explains the brief slide below $77,000 more precisely than the ETF movement: anyone betting on a rising price with borrowed money who breaches the margin threshold is sold out by the exchange, regardless of what they themselves consider right.

So a second point of reference alongside the chart is the futures market. If the price falls into a zone where many margin thresholds sit close together, the forced sales amplify the move for a few minutes without a single long-term holder having sold anything. After that the market runs out of leverage and the move peters out. Friday showed exactly this pattern.

The ether funds also gave up ground on Friday, $156 million there. Bitcoin and ether together come to $799 million of outflows in one day. Anyone using leveraged products carries this risk irrespective of their view of the market: the level of the margin threshold is set by the exchange, not by the investor.

Fear and Greed Index at 30 points: sentiment sits below the price

The Fear and Greed Index from Alternative.me stands at 30 points on October 31 and therefore in the fear zone. Two days ago it was still at 51 points and therefore neutral. So the index fell by 21 points while the price lost less than one percent over the same period.

The gap between sentiment and price is the more interesting finding of the weekend. This gap arises when an event dominates the news without asserting itself in the price. In the current case that event is the attack on Binance with damage of $6.3 billion, for which the exchange has built a buffer of $6.34 billion and announced a proof of reserves by Monday.

Holding period and the exemption limit: December 31 is the real deadline

For a German investor the most important number this weekend comes from the calendar rather than from the ETF outflow. Under section 23 of the German Income Tax Act, gains on crypto assets held in private wealth remain tax-free if more than twelve months lie between purchase and sale. Within that one-year period the personal income tax rate of 14 to 45 percent applies.

The exemption limit is €1,000 for all private disposals in a year taken together. The word limit matters: once it is exceeded, the entire gain is taxable and not only the amount above the €1,000. Anyone who has already realised €950 of gains this year triggers tax on €1,050 with a further sale producing €100 of gain.

The reverse applies to losses. A sale at a loss within the one-year period can be offset against gains from other private disposals in the same year, and only against those, not against equity gains or interest. The decisive date is the day of the sale: anyone wanting to use a loss in their 2026 tax return must have sold by December 31. Which tools track acquisition dates and the one-year period automatically for each position is shown by the comparison of crypto tax software.

Whether the one-year period survives is open. A draft bill from the German Federal Ministry of Finance dated September 30, 2026, would treat crypto assets as investment income under section 20 of the Income Tax Act, with 25 percent withholding tax regardless of the holding period, but with the saver's allowance of €1,000. The federal cabinet did not adopt the draft on October 14, it is stuck in interdepartmental coordination, and the new rules are in any case only meant to apply to crypto assets acquired after December 31, 2026. We track the current state of the procedure on our page on the crypto holding period.

What has changed for buying and custody after the Binance attack

The attack on Binance has two practical consequences that hold regardless of the price. First, the resumption of withdrawals is running in phases, not for all crypto assets at the same time. Anyone holding balances on a single exchange who wants access to them at short notice on Monday should check today whether their asset is included in the current phase.

Second, the proof of reserves that Binance has announced for Monday is a document with a cut-off date and not a running guarantee. It shows that funds of a certain size were present at a particular moment. For amounts that are not meant to be traded, custody under your own control remains the alternative with the lower counterparty risk, with everything that entails in terms of responsibility for securing access credentials. Which exchanges are authorised under MiCA in the EU and what fees they charge on purchase is set out in the comparison of crypto exchanges.

Our assessment: a signal from the fund wrapper, not a reason for the price

In the editorial team's view, the outflow of October 30 is to be taken seriously as a picture of sentiment and is unsuitable as an explanation of the price. Three pieces of evidence from this text support that: the outflow amounts to 0.66 percent of fund assets and 0.42 percent of daily turnover, 87.7 percent of it is spread across the three largest products, and the price closed the day 0.22 percent up. The measured selling pressure of Friday came from leverage, with $427 million in forced closures, not from the fund wrapper.

Against that stands the run. For four months there was no day of this size, and in June a comparable outflow stood at the start of a week with $1.79 billion of redemptions. Should money flow out in three-digit millions again on Monday and Tuesday, the reading as month-end rebalancing would be refuted. The marker that decides this is not the price but the second red daily figure in a row. This is not a buy or sell recommendation; with crypto assets a total loss remains possible.

ETF outflows: only a second red day turns this into a trend

Three steps order the weekend for a German investor:

1. Check the one-year period for each position. Which holdings have passed the twelve months on December 31 and which have not decides the tax burden of a sale. A tax tool or portfolio tracker keeps track of the acquisition dates.
2. Weigh up the buying route and the fees. Anyone buying into this situation pays markedly different spreads and order fees depending on the provider. The overview of authorised crypto exchanges names the terms for each house.
3. Separate the part of your holdings that is not traded. For that share, custody under your own control lowers counterparty risk; the differences in security and handling are set out in the hardware wallet comparison.

(As of October 31, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Binance intends to publish a full proof of reserves by Monday. Co-CEO Richard Teng said so on October 30, 2026, two days after the largest theft the crypto market has seen so far. A first snapshot of the reserves is due before the full report. In parallel, the exchange says it has set aside more than $6.34 billion of corporate funds to cover the damage.

For you as a customer, this attestation is the first point at which a pledge can be recalculated instead of simply believed. A proof of reserves is not a seal of quality and not a guarantee. It is a set of figures tied to a cut-off date, and what it can tell you is clearly bounded. This article explains what Monday's report can show, what it structurally does not show, and how to verify your own balance inside it.

The market itself has already calmed down. Bitcoin trades at $77,439, which is 0.04 percent above its level 24 hours ago, while the weekly view shows a loss of 4.0 percent. The range of the past 24 hours runs from $76,338 to $77,932, and those are the two levels where direction is currently decided. Ether stands at $2,247.18 between $2,208.56 and $2,257.45, and BNB at $704.57 between $693.16 and $709.72, which is 3.84 percent below the level of the previous week. All prices from CoinGecko data, as of October 31, 2026, 12:48 CET.

Proof of reserves: what an exchange reserve attestation shows

A proof of reserves is an exchange's evidence that on a fixed cut-off date it holds at least as many coins as its customers have deposited with it. It always consists of two halves, and only both together add up to a statement.

The first half is the holdings. The exchange names the blockchain addresses on which its coins sit and proves with a signature that it controls those addresses. That is the hard part of the attestation, because anyone can read the balances of those addresses off the blockchain for themselves. The second half is the sum of customer balances. That figure comes out of the exchange's books and cannot be looked up directly from outside.

The two figures together give the coverage ratio: holdings divided by customer balances. A value of 100 percent means that for every coin deposited there is exactly one coin on hand. Values well above that occur when an exchange keeps its own funds in the same pot. That is precisely the case at Binance now, because the buffer from corporate funds is meant to close the gap the attack tore open.

$6.34 billion buffer against $6.3 billion in damage

The amount of the damage has not been determined consistently to this day, and that is part of the picture. Binance itself put the impact at around $6.3 billion on October 30. The analytics firm Chainalysis arrived at $5.912 billion at the time of the theft, and its co-founder Jonathan Levin named $6.4 billion a few hours later. The data service Arkham identified wallets holding roughly $5.84 billion, which is explicitly a holdings figure and not a confirmed theft total. The defensible range therefore sits between roughly $5.9 billion and $6.4 billion.

Against that, the exchange reports more than $6.34 billion from corporate funds. That includes $5 billion that Binance already holds in exactly those tokens that flowed out. A spokesperson said these $5 billion were held in custody. The fact that the buffer consists of the same tokens is more than a formality: anyone covering a bitcoin outflow with dollars carries the price risk until the repurchase, and that is exactly the risk avoided here.

On top of that come frozen funds. On October 29 Binance first reported $2.54 billion in verified frozen assets, and a few hours later $3 billion, with the note that the sum could rise further. Tether said it had blocked more than $1.567 billion, and Circle more than $800 million.

Merkle tree and attestation: the two parts of a proof of reserves

A Merkle tree is a procedure that combines many individual entries in pairs into checksums, then those checksums in pairs again, and so on until a single number is left. That number is called the Merkle root. If a single entry changes, the root changes. For a reserve attestation that is practical, because it lets the exchange publish the sum of all customer balances without disclosing the balances of individual customers.

Each customer also receives a Merkle path, meaning the sequence of checksums that leads from their own entry up to the root. With that path they can recalculate that their balance really is contained in the published sum. They see nothing of the other customers' balances in the process.

The second part is the attestation. An attestation is an auditor's confirmation that the published figures match the documents submitted on a given cut-off date. This is explicitly not an annual audit report. An auditor who attests says something about a snapshot, not about the management, the risks or the debts of a company.

How to check your own balance in the Merkle tree

Once Binance has published the report, checking it yourself takes a few minutes. The procedure is built along similar lines at all the large exchanges.

1. Open the reserve attestation area in your logged-in account. It holds an identifier for your record, usually labelled record ID or account key, along with the Merkle path and the cut-off date.
2. Compare the balances stored there with what was actually in your account on the cut-off date. If a position differs, that is the real finding, and it belongs on the record.
3. Have the path recalculated. The exchanges provide a verification tool for this, and there are independent calculators that check the same path against the published root.
4. Compare the Merkle root your check produces with the root in the published report. If the two match, your balance is contained in the stated sum.

The last step is the important one. An attestation whose root nobody recalculates is a claim in tabular form. Only the match turns the figure into a check. How that comparison runs in detail, we have written up step by step elsewhere.

What a proof of reserves does not show: the liabilities

This is where the limit of the procedure lies, and it is the reason why a reserve attestation on its own is no all-clear.

A proof of reserves sets holdings against customer balances. Every other debt a company carries does not appear in it. Loans, bonds, outstanding claims from business partners, obligations from derivatives business: none of that shows up in the calculation. An exchange can therefore report a coverage ratio of 100 percent and at the same time carry liabilities that weigh on its solvency.

Then there is time. The attestation applies to one cut-off date. What happens the day after is not in it. Anyone who borrows the holdings shortly before the cut-off date and returns them afterwards produces a correct picture at the wrong moment. The only remedy is to compare attestations across several cut-off dates and to watch the signatures of the addresses.

And finally, the customer side is only as complete as the exchange enters it. A customer who never recalculates their own entry does not learn whether they are included at all. That is exactly why the check from the section above is not a detail for the technically inclined.

Withdrawals at Binance: from 48 hours down to 40 hours

The statements about the resumption of withdrawals have shifted several times, which is why they should be read with the date and time attached. Co-CEO Yi He said on October 30 that Binance expected withdrawals back within the next 48 hours, and added: “We're working on improving the withdrawal service and related address controls.” Over the course of the day the exchange first named 45 hours, then Richard Teng 40 hours, each time with the caveat that the security review has to be finished. Deposits are running normally according to the exchange, after being briefly suspended during the night of October 30 for security checks and blocks.

That three figures were named within a single day is the actual information for you. A deadline that is revised downwards is a good sign to begin with. It only becomes reliable once withdrawals are running broadly again. Until then, the same applies to every time estimate: the figure comes from the exchange itself and is not an independently verified fact.

EIP-7702 and a developer laptop: the attackers' route as documented so far

On the course of the attack there are statements from the exchange and assessments from security firms. Both are preliminary, and Binance itself has stressed that repeatedly.

According to a first finding by the exchange on October 30, the route ran through the compromised notebook of an employee in the development operation. Binance says it found no indication of a leaked private key. A few hours later the exchange reported that the investigation had produced further points of entry. Richard Teng described the incident as a multi-stage attack and stated explicitly that no single person had been held responsible.

Technically, Teng points to a delegation under EIP-7702 via a hot wallet that “did not pass through our normal approval controls”. A hot wallet is a wallet whose keys sit on a system connected to the internet so that withdrawals can run automatically. EIP-7702 is an Ethereum extension that lets an ordinary account temporarily take on the rules of a program account. Abuse that delegation and outflows can be triggered without stealing the key itself. The security firm Blockaid classified the case as key abuse via a compromised signing infrastructure; its chief executive said: “We don’t think a key was leaked.”

TraderTraitor: how Chainalysis and TRM Labs attribute the attack

Chainalysis considers it likely that the North Korean group TraderTraitor is behind the attack, pointing to connections with an earlier case. TRM Labs attributes the act to the same group with high confidence. The investigator ZachXBT reported that stolen funds had come together in one address with money from the Bitget incident, which points to the same actor.

These attributions are assessments by analytics firms and investigators, not a court finding. Binance itself has named no attacker. For you as an investor the attribution changes little about the facts, but a great deal about the prospect of funds returning: money that runs through state-backed groups rarely comes back, as experience shows. All the more weight therefore rests on the exchange's buffer and on the frozen sums.

$3 billion frozen: what Tether and Circle have blocked

That $3 billion could be locked down at all comes down to the design of stablecoins. The issuers of USDT and USDC can block individual addresses because they retain administration of their tokens. A blocked address can still hold the tokens but can no longer transfer or redeem them.

This option ends with the tokens that belong to nobody. Bitcoin and Ether cannot be frozen, because there is no body that could order it. That is why the frozen sum is spread very unevenly across the values that flowed out, and why the share that Tether has blocked with more than $1.567 billion and Circle with more than $800 million remains a special case and not a rule.

MiCA exchanges in Germany: which proofs are mandatory there

For German investors the legal framework is the second half of the answer. Providers that hold crypto assets or arrange trading here need authorisation under the EU regulation on markets in crypto-assets, MiCA for short, and are supervised by BaFin. Among their duties is keeping customer holdings separate from their own funds. We have written up separately which duties a MiCA licence triggers in detail.

A voluntary proof of reserves does not replace that supervision, and the supervision does not replace the attestation. The attestation shows you figures; the supervision gives you an addressee for complaints and a body allowed to inspect the books. Anyone who wants to hold larger amounts over a longer period cannot avoid the third option: holding the coins yourself and thereby removing counterparty risk entirely. How the devices for that differ is shown in our hardware wallet comparison.

Proof of reserves: Monday shows the coverage, not the debts

Monday's report is an interim status, not a final line. It can prove that the holdings are there. About the exchange's liabilities it says nothing, and about the time after the cut-off date nothing either. Three steps make sense now:

1. Recalculate your own entry. As soon as the report is out, check your balance against the published Merkle root. The instructions are in our guide checking a proof of reserves yourself.
2. Split up your holdings. Leave on an exchange only what you need for trading and for a savings plan. Which providers bring which terms and which authorisation is set out in our overview of the best crypto exchanges.
3. Keep an eye on the reimbursement pledge. What counts is not the announcement but the payout. We have written up the state of the pledge and the role of the SAFU fund in Binance pledges full reimbursement.

The evidence for the figures in this article is in the continuously updated log by Cointelegraph on the Binance hack and in the report by U.Today on the resumption of withdrawals.

(As of October 31, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Floin, a crypto platform based in Vaduz with a MiCA licence from Liechtenstein's Financial Market Authority FMA, says it has been the target of a cyberattack. On Saturday, 31 October 2026, Floin took all of its services offline: the app and the web platform are unavailable until further notice. In an email to customers sent at 10:54 UTC, the company warns users not to send anything to Floin wallet addresses, even if deposits are still technically possible. Floin has not said whether any customer funds were lost.

Key facts

• Incident: cyberattack according to Floin, customer email on 31 October 2026 at 10:54 UTC, app and web platform offline since.
• Warning: no deposits and no crypto assets to Floin wallet addresses, including from external wallets or other exchanges.
• Damage: by Saturday afternoon Floin had named neither an amount nor the affected coins.
• Supervision: MiCA authorisation from the FMA Liechtenstein since 10 June 2026, valid in all 30 countries of the European Economic Area.
• Deposit insurance: the €100,000 statutory deposit guarantee does not cover crypto assets; MiCA requires segregated custody and liability up to market value instead.
• Hack wave: the second incident at a centralised platform within 48 hours, after the Binance hack of 29 October with about $6.3 billion in losses according to Binance.

Floin cyberattack: what the platform tells its customers

The notice is short and leaves the key questions open. Floin writes that the platform was the target of a cyberattack, that all platform services have been taken offline and that access to the app and web platform is therefore unavailable until further notice. The investigation is ongoing and has the highest priority. The status page has listed the incident as “Investigating” since 10:30 UTC, and a banner on the homepage of floin.com shows the same notice. CryptoTicker has seen the email.

Three sentences matter for customers. First: no deposits into Floin wallets, not even from external wallets or other platforms, explicitly “even if deposits are still technically possible”. Second: Floin is currently not answering individual enquiries, including emails. Third: updates will only be published on its own website, and customers should check it daily.

It remains open when the attack began, which systems are affected, whether coins or customer data were taken and when withdrawals will work again. Anyone who still sends coins to a Floin address currently has no one to contact who could match them to an account.

Who is behind Floin: a MiCA crypto platform from Vaduz

The platform is operated by Floin AG, Am Schrägen Weg 2, 9490 Vaduz, founded on 29 January 2021 as The Finest Token AG and entered in the Liechtenstein commercial register under FL-0002.652.200-0. According to the imprint, the founder and CEO is Marc Weber. Under the share prospectus of 30 June 2026, he holds 90.01% of the capital; the remaining 9.99% belong to a Slovenian company in which he holds half. According to the commercial register extract, the chairman of the board is the lawyer Thomas Stern. Floin became known in 2023 for selling its own token, listed on floin.com today under the ticker FLTK: a private sale ran until mid-July 2023, and on 20 July 2023 Floin announced the start of the public sale. In January 2024, the security firm Halborn published a case study on Floin: auditing the smart contract and the platform, it found 34 vulnerabilities, all of which Floin fixed according to Halborn.

How big Floin is can be seen in the 2024 annual accounts that the company publishes itself: revenue of CHF 3.28 million (2023: CHF 3.63 million), a net profit of CHF 201,193 and share capital of CHF 250,000. The accounts were reviewed by the auditor Grant Thornton in Schaan.

At the same time, Floin is raising equity from its community. On its offering page, the company sells preferred shares of Floin AG as tokens called FLEQ, based on a prospectus approved by the FMA on 30 June 2026. The community round runs at CHF 1.44 per share, the minimum subscription is CHF 5,000, followed by a twelve-month lock-up. Floin cites a valuation of about €45 million; on Saturday the page showed 10,510 of 1,000,000 shares in this round as sold. In total, the offering covers up to CHF 7 million. MiCA custody protection does not apply to buyers of these shares: as shareholders, they carry the business risk.

In the MiCA register of the EU securities watchdog ESMA, Floin AG has been listed since 10 June 2026 with an authorisation from the FMA Liechtenstein for five services: custody of crypto assets for clients, exchange for funds, exchange for other crypto assets, placing and transfer. Through the EU passport, the licence applies across the European Economic Area, including Germany and Austria. Every customer email also carries the number 329177 as a registered virtual asset service provider (VASP) with the FMA.

What Floin told its customers in 2026 adds up to a dense timeline, compiled from the customer emails and the ESMA register:

Floin and deposit insurance: what MiCA provides in an emergency

There is no deposit insurance for crypto assets as there is for a bank account, not even at a MiCA-licensed provider. The statutory deposit guarantee under EU Directive 2014/49/EU protects bank deposits up to €100,000 per customer and bank. Coins on a crypto platform are not bank deposits.

What the MiCA Regulation (EU) 2023/1114 requires instead:

• Segregated custody: crypto assets held in custody legally do not belong to the provider's estate, and the provider's creditors have no recourse to them in insolvency (Article 75(7)).
• Liability: if a provider loses crypto assets or the means of access to them through an incident attributable to it, it is liable to the client, capped at the market value at the time of the loss (Article 75(8)).
• Cash balances: client funds must be placed with a bank or a central bank by the end of the next business day, separate from the provider's own money (Article 70).
• Reporting duty: since 1 February 2025, the EU Digital Operational Resilience Act (DORA) also applies in Liechtenstein. Floin must report a major ICT incident to the FMA, with the initial notification usually within 24 hours of becoming aware of it (Article 19). Whether Floin has reported the attack is not known.

In practice, whether Floin customers get money back in case of a loss depends on what was taken and whether Floin covers it from its own funds or insurance. Floin's notice on Saturday does not mention a protection fund like Binance's SAFU.

Crypto hacks in quick succession: how attackers are getting through

Floin is the second incident at a centralised platform within 48 hours. On the evening of 29 October, about $6.3 billion left Binance according to the exchange, more than in any crypto hack before. We collect all major cases on our crypto hacks page.

The pattern of the big cases is the same: attackers do not break the cryptography, they break people and devices. At Binance, according to the exchange, the entry point was the compromised laptop of a DevOps engineer, through which the attackers reached a service container that releases withdrawals; who is believed to be behind it is covered in Binance hack: everything we know. The FBI attributed the Bybit hack of February 2025, about $1.5 billion, to North Korea. At Ledger, in December 2023, a phishing attack on a former employee was enough to publish a tampered version of a software library; customers lost about $600,000, BleepingComputer reported.

How the attackers got into Floin is unknown. One detail sets the case apart all the same: Binance named a loss figure on the day of the attack and shortly afterwards pledged to cover all customer losses. So far, Floin only points to its website.

Self-custody, exchange or broker: where your money is safer after the Floin hack

There is no place without risk, only different risks. On an exchange you carry the provider's risk, in your own wallet your own, and with a broker you usually buy a financial product on the price instead of coins.

Self-custody makes you independent of Floin, Binance and every other platform, but solely responsible. Users of the software wallet Atomic Wallet lost more than $100 million in June 2023 according to Elliptic, which links the theft to North Korea's Lazarus Group. In January 2025, kidnappers in France abducted Ledger co-founder David Balland to extort a crypto ransom, as The Local reported. And how fast a single mistake can cost everything was shown on 30 October by an influencer who posted her private key instead of the contract address: Mika's memecoin drained in 81 seconds.

If you want to hold your own keys, you need a hardware wallet and a properly secured recovery phrase. We compare the devices in our hardware wallet comparison.

Regulated broker instead of crypto exchange: what XTB offers

An alternative that suggests itself after a week like this one: a brokerage account with shares, ETFs and gold, and crypto only as a small addition. One example is XTB. In the UK, XTB Limited is authorised and regulated by the Financial Conduct Authority; according to XTB, client funds are protected by the Financial Services Compensation Scheme up to £85,000 per person if the broker becomes insolvent. XTB offers shares and ETFs, while gold and cryptocurrencies are traded as CFDs.

For crypto this means: with a CFD you do not own any bitcoin, you cannot move it to a wallet or hold it yourself. You bet on the price. In return, there is no deposit address that can be hacked. XTB's mandatory warning, as of 31 October 2026: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Open an account with XTB (partner link). How the broker performs in practice is covered in our XTB review, the alternatives in our crypto broker comparison.

What Floin customers should do now

1. Send nothing to Floin addresses. Check recurring buys, standing orders and saved withdrawal addresses at other exchanges and wallets, and delete Floin addresses there.
2. Beware of phishing. Hacks are followed by fake emails with supposed refund forms or support contacts. Floin says it will only inform customers via its website and is not answering individual enquiries. Never enter your recovery phrase or password anywhere.
3. Secure your records. Save the statements, transaction receipts and screenshots you already have. You will need them for possible claims and for your tax return.
4. Change passwords if you use your Floin password elsewhere, and check two-factor authentication there.
5. Know the supervisor. Floin is supervised by the Financial Market Authority Liechtenstein, where you can file a complaint.

Anyone who has used a self-custody wallet in the Floin app since March holds the keys themselves, according to Floin's own description. The notice does not say whether these wallets are affected; the deposit warning applies to all Floin wallet addresses without distinction.

Our view: a MiCA licence is no shield against hacks

A MiCA licence proves that a provider must follow rules on custody, capital and liability and is supervised. It does not prove that it cannot be attacked. That applies to Floin as much as to any large exchange.

The real test for Floin starts now: how quickly the company says what happened, whether customer assets are affected and when withdrawals will resume. The longer these three answers are missing, the stronger the case for the split we recommended after the Binance hack: what you trade sits on a regulated exchange, what you hold long term on your own hardware wallet, and if you only want exposure to the price, a brokerage account can do that too. CryptoTicker asked Floin for a statement on the current situation on 31 October; we will add it here as soon as it arrives, along with any new information on the status page.

Disclosure: CryptoTicker's publisher holds a customer account with Floin that is not actively used; Floin's notice of 31 October arrived through it.

$XRP has followed Bitcoin off a cliff. After grinding sideways around $1.30 for most of October, XRP broke down on October 29 and 30, sliding from $1.32 to a low of $1.21 in under 36 hours. At the time of writing, XRP trades at $1.247, down roughly 5% on the week and below the $1.30 level that had absorbed every dip since October 14.

The seven-day chart tells the story clearly. A first leg down on October 29 took XRP from $1.32 to $1.28, the bounce failed at $1.31, and a second leg on October 30 cut straight through $1.30 and wicked down to $1.21. The recovery since then has stalled at $1.26, well short of reclaiming the broken level.

Why Did XRP Price Crash Below $1.30?

The $1.30 line (orange on the daily chart) had been the floor of the October consolidation. XRP tested it on October 14, 16, 21, 24 and 27, and every time buyers stepped in. This week, two daily candles closed below it in a row, and the October 30 wick to $1.20 shows how thin demand has become underneath.

The bigger picture had been deteriorating for weeks. XRP topped at $1.65 on September 23, then printed a series of lower highs: $1.55 in early October, $1.40 in mid-October, and $1.35 on October 23. The daily moving average (blue line) at $1.366 has flattened out and now sits above price, acting as dynamic resistance. The daily RSI reads 37, below its signal line at 40 and just a few points away from oversold territory, which confirms the downside momentum.

XRP Price Analysis: Where Is Support Now?

With $1.30 lost, the chart offers two clear levels below current price:

• $1.20: the yellow support line that caught Friday’s wick. This is where the August 20 breakout candle launched from, and it is the last horizontal level before the structure thins out.
• $1.00: the green line marking the August lows and the psychological round number. Between $1.20 and $1.00 there is almost no established support on the daily chart, which means a break of $1.20 could move fast.

On the upside, XRP needs to close back above $1.30 to turn this into a failed breakdown. Above that, the moving average at $1.366 is the next hurdle, followed by $1.40 and the $1.50 level that capped price in early October.

XRP Price Prediction: Here Is the Next Target for XRP

• Bearish scenario (more likely): XRP fails to reclaim $1.30 and retests the $1.20 support. The next target is $1.20, about 4% below current price. If that level breaks on a daily close, the next stop is $1.10 and then the $1.00 round number, a decline of roughly 20% from today’s price and a full retrace of the August rally.
• Bullish scenario: Buyers defend $1.20 again and push XRP back above $1.30 within the next few sessions. That would trap the late sellers and open a move toward the moving average at $1.366, then $1.40. The RSI near 37 leaves room for a relief bounce, but as long as XRP trades below $1.30 and below its moving average, rallies remain sell-the-rip opportunities rather than trend changes.

What Should Traders Watch Next?

Three things matter now: whether XRP can close a daily candle back above $1.30, whether the $1.20 support holds a second test, and whether Bitcoin stabilizes above its own key levels. XRP has moved almost one-to-one with BTC this week, so a deeper Bitcoin correction would likely drag XRP toward $1.00.

Track the live XRP price and other major coins on our crypto prices page.

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TLDR:

• Binance lost a record $6.3 billion in an attack that unfolded in about 20 minutes on Thursday.
• Tether froze nearly $1.57 billion and Circle froze $800 million of funds linked to the Binance hack.
• The breach may have started with a compromised engineer’s laptop, and social engineering is suspected.
• OKX CEO Star Xu called for a real-time alert system to share hack data and freeze suspected stolen funds. 

Binance hack losses reached $6.3 billion on Thursday, prompting rival crypto exchanges to strengthen their security systems.

Executives are also urging stronger information-sharing across the industry as digital assets move deeper into mainstream finance.

Exchanges Move to Tighten Security

Coinbase said it adjusted the systems that store its cryptocurrency keys offline. The company said it made the changes “solely out of an abundance of caution.”

The move comes as President Donald Trump’s regulators promote deeper integration of digital assets into the financial system.

Kraken said it is monitoring industry incidents for lessons it can apply to its own defenses. A spokesperson added, “Full-time teams at Kraken look for potential vulnerabilities every day.” Franklin Templeton’s head of crypto, Chris Perkins, also commented on the matter.

Perkins said, “For crypto to reach its full potential, the security situation must be addressed immediately.” Meanwhile, Binance, the world’s largest crypto exchange, halted withdrawals after the attack. Analysts blamed North Korea, which routinely denies involvement in crypto thefts.

North Korea’s mission in Geneva did not respond to requests for comment. Binance said it would use company funds to cover the losses.

However, GSR’s Josh Riezman said, “Our expectation is the industry writ large will actually not suffer material losses.” Executives also expressed confidence that Binance has enough resources to cover the damage.

How the Attack Unfolded and What Comes Next

Binance co-CEO Richard Teng described the incident as a “complex attack” in a post on X. He said it may have begun with a compromised software engineer’s laptop. That access gave hackers entry to systems used to process withdrawals.

The company later found additional breaches. Software designed to erase traces of the attack hampered the investigation.

According to TRM Labs and Chainalysis, most of the theft unfolded in about 20 minutes late on Thursday. The attack resembled earlier incidents blamed on North Korea.

Security experts said social engineering may have been used to compromise the laptop. In such attacks, hackers race to launder the funds before an exchange detects the breach.

As a result, Tether froze nearly $1.57 billion linked to Binance, while Circle froze $800 million. Bitcoin and ether cannot be frozen because no single entity controls them.

Circuit CEO Harry Donnelly said companies are planning more employee training against social engineering. In a post on X, OKX CEO Star Xu said, “We need a real-time alert system.”

He said participants should share information immediately when a hack occurs. Riezman added that the incident “will be a catalyst for that.” Bitcoin fell over 4% on Thursday and ether dropped over 5%, though both recovered some ground Friday.

The post Crypto Exchanges Tighten Security After Record $6.3B Binance Hack appeared first on Blockonomi.

TLDR:

• Teng said multiple people took part in the roughly $6.3 billion Binance hack disclosed on October 30.
• Self-destruct mechanisms erased the attackers’ tools and traces, making the hack harder to trace. 
• Attackers used EIP-7702 to gain on-chain authority over a hot wallet, bypassing approval controls.
• Binance targets withdrawal restoration within 40 hours and a proof of reserves report by Monday.

Binance Co-CEO Richard Teng said attackers used self-destruct mechanisms to erase their tools and traces. The update on October 30 covers the roughly $6.3 billion hack.

Teng confirmed that multiple people were involved. Investigators first suspected a compromised laptop but later found other entry points.

As a result, tracing the attack has become harder. Binance has paused withdrawals to rebuild its systems and is working with law enforcement to trace the stolen funds.

Teng Details How the Attackers Operated

In the post, he said multiple people were involved in the attack. According to Teng, the attackers built self-destruct mechanisms into their operation. These mechanisms erased tools and traces as the attack ran. Teng said this made the hack harder to trace.

Teng also addressed the early findings. He said investigators initially suspected a compromised laptop. However, the team later found other entry points. The scope of the review has grown as a result. The Binance Co-CEO said this made the investigation more complex.

The Binance Co-CEO then explained how the attackers gained control. He said they used EIP-7702 to gain on-chain execution authority over a hot wallet.

According to Teng, this step bypassed Binance’s normal approval controls. In other words, the hot wallet moved funds without the usual internal sign-off.

The attack resulted in a loss of roughly $6.3 billion. The update also noted that the attackers removed linkage data during execution.

This limits how easily investigators can connect the activity. Meanwhile, the team continues to work through the remaining data.

Binance Rebuilds Withdrawals and Works With Authorities

Teng said Binance paused withdrawals to rebuild and test its systems. The service will stay offline until it passes security and functional testing. Until then, users cannot withdraw funds from the exchange.

Meanwhile, the exchange is targeting restoration within 40 hours. That falls ahead of the Sunday deadline mentioned in the update.

The company has also started a full security audit. The review covers all endpoints, cloud infrastructure, key management protocols, and cryptographic signing procedures. These checks are part of the wider recovery effort.

Proof of reserves is another priority. Binance is finalizing the purchase of its remaining assets. After that, it plans to release an initial overview of reserves. A full report is expected by Monday. The report is meant to show asset backing and liquidity.

Teng added that Binance is working with outside partners. These include law enforcement agencies, blockchain intelligence firms, token issuers, and other exchanges. Together, they aim to trace and recover the stolen funds.

The exchange also plans to pursue legal accountability for the attackers. Binance will coordinate with these groups as the investigation continues.

The post Binance Co-CEO Says Attackers Used Self-Destruct Tools to Hide $6.3B Hack Traces appeared first on Blockonomi.

TLDR

• PG&E stock falls 0.38% to $13.18 as its utility subsidiary earns global accreditation.
• PG&E becomes the world’s first energy utility to secure EMAP accreditation.
• PG&E passes all 73 EMAP emergency management standards without nonconformances.
• Five years of preparation earns PG&E international emergency management recognition.
• PG&E joins Amtrak among private-sector organizations holding EMAP accreditation.

PG&E Corporation () shares slipped 0.38% to $13.18 after losing $0.05 during the trading session. However, the stock recovered from afternoon lows but remained below its opening price. Meanwhile, its subsidiary, Pacific Gas and Electric Company, secured a major international emergency management accreditation.

PG&E Corporation, PCG

The recognition makes PG&E the first energy utility worldwide to receive accreditation from the Emergency Management Accreditation Program (EMAP). The achievement follows five years of work to strengthen the company’s emergency preparedness, response and recovery capabilities. Additionally, the accreditation establishes a new benchmark for emergency management across the energy utility industry.

PG&E Secures First Global Energy Utility Accreditation

The EMAP accreditation recognizes PG&E’s emergency management framework across its Northern and Central California service territory. The company provides essential energy services to more than 16 million customers across the region. Consequently, its emergency response capabilities play an important role in protecting communities and maintaining essential services.

EMAP operates as an independent organization that evaluates emergency management programs against internationally recognized standards. Its accreditation process requires organizations to demonstrate compliance with 73 established emergency management standards. Notably, PG&E completed its assessment without any identified nonconformances.

The accreditation places PG&E among a limited group of private-sector organizations recognized by EMAP. Only three other private-sector organizations currently hold the same accreditation. These include Amtrak and the District of Columbia Water and Sewer Authority.

Five-Year Effort Strengthens Emergency Preparedness

PG&E spent five years developing and improving its emergency management program before securing the accreditation. During that period, the company benchmarked its practices against other accredited organizations. It also participated in external assessments and strengthened its emergency policies and procedures.

The accreditation process examined several areas beyond the company’s written emergency plans. EMAP evaluated how PG&E identifies hazards, assesses risks and prepares for potential emergencies. The assessment also covered incident management, resource coordination and communication with the public.

EMAP reviewed the company’s training programs, emergency exercises and recovery capabilities. These requirements assess whether organizations can coordinate resources and manage incidents effectively. Therefore, PG&E’s accreditation reflects an assessment of its broader emergency management operations.

Accreditation Highlights Broader Community Protection Efforts

The EMAP recognition also highlights the importance of emergency preparedness across PG&E’s customer network. The company’s responsibilities extend beyond maintaining electricity and gas services during normal operations. Its emergency management program also addresses how teams respond when unexpected events affect communities.

EMAP Commission Chair Jody Ferguson highlighted the company’s attention to employees and the communities it serves. The assessment recognized the organization’s commitment to people throughout its emergency management operations. This focus formed part of the broader evaluation of PG&E’s preparedness and response capabilities.

PG&E continues to provide customers with information about preparing for emergencies. Its Safety Action Center offers guidance on emergency supply kits and other preparedness measures. The resource also helps customers access information that supports personal and household emergency planning.

For PG&E, the accreditation marks a significant development in its emergency management program. It also introduces the energy utility sector to EMAP’s internationally recognized assessment framework. Meanwhile, PCG shares ended the session at $13.18, down 0.38%.

The post PG&E Corporation (PCG) Stock: Dips as Utility Earns Global Emergency Management Accreditation appeared first on Blockonomi.

TLDR

• AstraZeneca stock climbs 7% as revenue reaches $46.9 billion in nine months.
• AstraZeneca core EPS rises 14% to $8 as nine-month operating profit increases.
• Oncology revenue grows 16% to $21.9 billion, leading AstraZeneca’s therapy areas.
• AstraZeneca secures 47 regional approvals, including four newly approved medicines.
• AstraZeneca maintains 2026 guidance as its 2027 pipeline targets exceed $20 billion.

AstraZeneca PLC (AZN) stock climbed 7.02% to $186.65, adding $12.25 during the trading session. The advance followed strong nine-month financial results, with revenue and core earnings recording solid growth. Additionally, the pharmaceutical company reported new medicine approvals and positive clinical results, strengthening its development pipeline.

AstraZeneca PLC, AZN

AstraZeneca Reports Higher Revenue and Earnings in 9M 2026

AstraZeneca generated $46.9 billion in total revenue during the first nine months of 2026. The figure represented 7% growth at constant exchange rates, while product revenue reached $46.8 billion. Meanwhile, alliance revenue increased 33% to $2.8 billion, supporting the company’s overall revenue performance.

Core operating profit increased 14% to $16.4 billion during the reporting period. Similarly, core earnings per share reached $8.00, marking a 14% increase at constant exchange rates. Reported earnings per share also improved, rising 11% to $5.62 on a constant currency basis.

The third quarter contributed $16.2 billion in total revenue, representing 7% growth at constant exchange rates. Product revenue reached $16.17 billion, while alliance revenue increased 36% to $1.11 billion. Furthermore, core EPS climbed 19% to $2.79, while reported EPS increased 26% to $2.02.

Oncology and Rare Disease Lead Therapy Area Growth

Oncology remained AstraZeneca’s largest therapy area, generating $21.9 billion during the first nine months. The division accounted for 47% of total revenue and recorded 16% growth at constant exchange rates. Consequently, oncology provided the largest contribution among the company’s reported therapy areas.

Rare Disease generated $7.5 billion, representing 16% of total revenue during the period. The division recorded 11% growth at constant exchange rates, reflecting continued expansion across its business. However, BioPharmaceuticals revenue declined 5% to $16.7 billion, accounting for 36% of total revenue.

Within BioPharmaceuticals, Respiratory and Immunology revenue increased 10% during the reporting period. Conversely, Cardiovascular, Renal and Metabolism revenue fell 14%, while Infectious Disease declined 12%. These contrasting results reflected different performance trends across AstraZeneca’s established treatment categories.

New Medicine Approvals and 2026 Guidance Support Growth Plans

AstraZeneca secured 47 approvals across major regions following its fourth-quarter 2025 results. The approvals included four new medicines, namely Etcamah, Baxfendy, Klygefa and Amlypave. Additionally, the company reported 12 positive Phase III programme readouts with substantial potential commercial value.

The company also announced first Phase III data for three new molecular entities. These included tozorakimab, efzimfotase alfa and sonesitatug vedotin, expanding its late-stage development portfolio. Their combined development progress adds to a pipeline supporting AstraZeneca’s longer-term commercial plans.

AstraZeneca maintained its full-year 2026 financial guidance following the nine-month results. At constant exchange rates, the company expects total revenue to increase by a mid-to-high single-digit percentage. Furthermore, it projects low double-digit growth in core EPS and expects its core tax rate between 18% and 22%.

The company also identified substantial revenue potential across its upcoming clinical programmes. Its 2027 readouts carry potential peak annual revenue exceeding $20 billion, according to its outlook. Meanwhile, AstraZeneca continues to target its 2030 ambition through late-stage medicines and developing technologies.

The post AstraZeneca PLC (AZN) Stock : Jumps 7% as Revenue Rises 7% and Core EPS Gains 14% appeared first on Blockonomi.

TLDR

• JOBY stock drops 3.35% as Florida flight campaign advances electric air taxi plans.
• Joby Aviation takes electric air taxis to Tampa, Orlando and Kennedy Space Center.
• Florida flights put Joby’s commercial air taxi expansion and FAA progress in focus.
• JOBY shares fall to $4.91 despite new electric air taxi demonstrations across Florida.
• Joby advances its Florida aviation strategy with statewide piloted electric aircraft flights.

Joby Aviation (JOBY) shares declined 3.35% to $4.91, losing $0.17 during the trading session. However, the company advanced its commercial expansion plans through a statewide electric air taxi flight campaign in Florida. The week-long demonstration covers Tampa, Orlando and Kennedy Space Center, highlighting progress toward future passenger operations.

Joby Aviation, Inc., JOBY

Joby Aviation Stock Falls as Florida Flight Campaign Begins

Joby Aviation launched a series of piloted electric air taxi flights across Florida on October 30. The campaign includes flights between Tampa, Orlando and the Space Coast. Meanwhile, the demonstrations mark Florida’s first operations under the federal eIPP program.

The U.S. Department of Transportation announced the eIPP initiative in March 2026. The program connects government agencies and private companies to accelerate electric air taxi integration. Additionally, the initiative supports the development of safety procedures for emerging aircraft operations.

Florida’s campaign represents one of eight projects selected nationwide under the initiative. The Florida Department of Transportation coordinates the statewide effort with several industry partners. Furthermore, the project covers passenger transportation, cargo delivery, automation and medical response across three phases.

Tampa, Orlando and Kennedy Space Center Lead Expansion Plans

Joby’s Florida campaign began with a flight across Tampa Bay on October 30. The aircraft traveled from Albert Whitted Airport in downtown St. Petersburg to Tampa International Airport. Notably, the route follows the historic journey of the first scheduled commercial airline flight.

That flight took place on January 1, 1914, between St. Petersburg and Tampa. Aviation pioneer Tony Jannus operated the historic service with former mayor Abe Pheil aboard. Consequently, Joby’s demonstration connects the company’s technology showcase with Florida’s aviation history.

The campaign also includes operations at Orlando International Airport near Terminal C and its train station. Joby plans to use a new vertiport designed for electric vertical takeoff and landing aircraft. Moreover, the company developed airport integration procedures through two years of simulations with federal and local partners.

Another demonstration will take place at Kennedy Space Center’s Shuttle Landing Facility. The flight coincides with the UP.Summit, bringing Joby’s aircraft to a major aerospace location. Together, these demonstrations will provide operational data across several Florida aviation facilities.

Florida Infrastructure and FAA Certification Support Commercial Ambitions

Florida has developed its advanced air mobility plans since 2021 through the state transportation department. In April 2026, Governor Ron DeSantis signed House Bill 1093. The legislation allows the department to fund vertiport infrastructure across the state.

Florida is developing SunTrax Air, an advanced air mobility testing campus near Interstate 4. The facility includes the nation’s first dedicated aerial test track for advanced air mobility. Testing at the campus is scheduled to begin by the end of 2026.

Joby’s Florida expansion also builds on its existing aviation operations through subsidiary Blade. Blade has operated passenger flights between the New York area and South Florida since 2015. Meanwhile, the company plans to relaunch BLADEone jet services to Miami and Palm Beach in November.

Joby is also progressing through the final stages of FAA type certification. Its Florida demonstrations will provide operational information covering airport integration, aircraft acoustics and vertiport procedures. Ultimately, the campaign supports the company’s preparations for commercial electric air taxi services.

The Florida flights conclude Joby’s 2026 Electric Skies Tour, following demonstrations across several major U.S. markets. Previous stops included the San Francisco Bay Area, New York and Dallas-Fort Worth. However, JOBY shares finished the session lower despite the company’s latest expansion milestone.

The post Joby Aviation, Inc. (JOBY) Stock: Drops as Florida Flight Campaign Puts Electric Air Taxi Expansion in Focus appeared first on Blockonomi.

European Central Bank President Christine Lagarde announced earlier this week that she will step down on February 7, 2027, about eight months before her term is scheduled to end.

The former IMF chief has led the ECB since November 2019, a period during which she became one of the most prominent critics of Bitcoin and crypto among global central bankers.

Worth Nothing

Her hostility toward BTC and the broader market dates back to January 2021. At the time, she spoke at the Reuters Next conference and described the largest cryptocurrency as a “highly speculative asset” and accused it of facilitating funny business as well as money laundering, even though we know that the public blockchain allows everyone to trace each transaction. Unlike banks.

She also argued that regulation had to be coordinated globally because such loopholes would inevitably be exploited. One of her strongest statements came in 2022 when she said crypto assets were “worth nothing” and were “based on nothing.” She claimed that there was no underlying asset or structure providing an anchor of safety. She also warned that inexperienced investors could suffer major losses and contrasted private cryptocurrencies with a future digital euro backed by the ECB.

There was some irony to this, though. Lagarde revealed that one of her sons had invested in crypto despite her multiple warnings. By late 2023, she said he had lost around 60% of his investment, prompting him to “reluctantly” concede that she had been right.

Her stance remained strongly against BTC even as its institutional adoption accelerated over the past few years.

No Bitcoin Reserves

Rewinding the clock to 2021, Lagarde asserted that the prospects of central banks holding Bitcoin were “out of the question” and rejected the idea that the asset constituted a genuine currency. That position became particularly relevant in January 2025, when Czech National Bank Governor Ales Michl floated the possibility of studying Bitcoin as part of the country’s reserves.

Lagarde responded that reserve assets needed to be liquid, secure, and safe, while avoiding money-laundering concerns. She said she was confident that Bitcoin would not enter the reserves of any central bank represented on the ECB’s General Council.

Even in a 2026 interview with The Wall Street Journal, her view remained largely the same. Although she praised distributed ledger technology as innovative, she drew a sharp distinction between the tech and cryptocurrencies, describing the actual assets as speculative. Once again, she said they are worth nothing.

All of her views have remained anti-Bitcoin, so perhaps, just perhaps, her departure could be good news for the industry.

The post Christine Lagarde Is Leaving the ECB: Here’s What She Really Thought About Bitcoin appeared first on CryptoPotato.

Ripple’s native token joined the market-wide sell-off on Friday, prompted by the largest hack in USD terms in the crypto industry, plunging from about $1.30 to a multi-month low of $1.19 before rebounding to $1.25.

While the short-term structure remains fragile, popular analyst EGRAG CRYPTO argued that the bigger picture still points to substantial upside if one key monthly resistance is reclaimed. Some of his targets, though, still sound far-fetched.

The Level That Can Unlock It All

EGRAG’s long-term thesis centers on XRP’s monthly chart, where the asset is currently trading between the 33-month moving average, acting as dynamic resistance, and the 77-month moving average, which he views as major macro support.

He believes the cross-border token could continue ranging between those two boundaries before a larger breakout develops. His “magic number” is $1.65, and a surge past that line on the monthly chart could open the door toward increasingly aggressive targets of $8, $13, and eventually $30.

Given XRP’s current price struggles, it almost sounds impossible to even imagine any of those, even the most modest one at $8, but EGRAG has been a long-term believer in the asset’s spectacular future.

In a separate update, the analyst reiterated his $13.68 projection and pointed to another long-term pattern that, in his view, could also support a move to $8 and beyond. He also highlighted previous XRP accumulation phases in 2014, 2017, 2020, and 2023, claiming that each was followed by gains exceeding 500%. He admitted that history does not guarantee future repeats, but believes the current 2026 setup deserves attention.

Binance Hack and XRP’s Drop

CasiTrades also weighed in on the asset’s latest price movements, but offered a different perspective on the nosedive. The analyst argued that XRP’s technical structure was already weakened before the Binance hack news broke. Since October 24, the token had repeatedly tested its lower trendline, while CasiTrades said several altcoins were already undergoing corrective Wave 2 structures and approaching deeper Fibonacci retracement levels.

Although she believes the hack was still relevant for the leg down, she argued that the bearish headlines often arrive while markets are already technically positioned for further downside. She sees the current correction as something that had already been developing technically, while EGRAG is looking beyond the immediate weakness toward a potential macro breakout.

The post XRP’s ‘Generational’ Setup? Analyst Targets $8, $13, and $30 appeared first on CryptoPotato.

Bitcoin and gold have become the two worst-performing major asset classes of the year so far, marking an unusual first in data stretching back to 2011.

The development comes as higher oil prices and renewed expectations for tighter monetary policy have undermined two assets that had recently benefited from concerns over debt, deficits, and currency debasement.

Gold and BTC Still Struggle

Data compiled by Creative Planning Chief Market Strategist Charlie Bilello showed that, through October 23, gold was down 7.5% year-to-date while BTC’s loss stood at 7.3%. Since then, though, both assets have retreated further, and the losses are 10% for the metal and over 11% for the cryptocurrency.

This places them at the bottom of the 21 major asset classes included in his annual rankings. Bilello said there has not been another calendar year in his dataset in which the precious metal and the largest cryptocurrency simultaneously occupied the final two positions.

The contrast with other markets is hard to ignore. Commodities have gained over 50% this year, US large-cap stocks are up by more than 12%, and even short-term Treasury bills have returned nearly 3%.

Gold’s reversal since January has been particularly dramatic. The precious metal gained 64% in 2025 and surged to a new all-time high of $5,500 per ounce intraday in late January 2026 before subsequently erasing these gains. It briefly dipped below $4,000/oz at the start of the week and stands inches above that level now.

Bitcoin, on the other hand, slumped from its 2025 all-time high of $126,000 to under $58,000 in early July before it staged a notable comeback to $87,000. However, it dumped back to $80,000 as of now, which shows a 35% decline since its peak, after the rejection at $87,000. It could also head toward a second consecutive negative year if the landscape doesn’t improve.

Where Did the Debasement Trade Go?

The latest performance is especially interesting because gold and bitcoin moved together for precisely the opposite reason just a few months ago. As we reported in August, both assets rallied strongly as concerns surrounding the US debt burden, Treasury markets, and a weakening dollar revived the “debasement trade” – buying scarce assets as protection against the declining purchasing power of fiat currencies.

At the time, the precious metal neared $4,600 while BTC rocketed by $15,000 in days. The macro backdrop, though, has changed considerably since then. Gold dropped 4% last week as surging oil prices and increased inflation concerns pushed markets toward expecting additional Federal Reserve tightening.

ING argued that bullion failed to benefit from falling equities and lower Treasury yields, suggesting investors focused more on the inflationary implications of expensive energy.

Higher rates are particularly problematic for non-yielding assets because investors can earn increasingly attractive returns from cash and government debt instead. Still, the longer-term comparison tells a very different story. Bilello’s data show BTC has returned roughly 120.6% annualized since 2011, while gold’s gains stand at 6.3% over the same period.

The post Gold and Bitcoin Are Now 2026’s Worst Major Assets: What Went Wrong? appeared first on CryptoPotato.

Bitcoin suffered a major leg down on Friday after the world’s largest crypto exchange was hit with a painful hack, but has managed to rebound above $77,000.

The altcoins are also trying to recover from the Friday shock, with BNB defending the $700 support. AAVE has risen by 6% among the larger caps, while RAIN, HYPE, and TRX have dropped hard.

BTC Stable at $77K

The primary cryptocurrency faced a notable rejection ten days ago at $85,000, and it hasn’t been able to fully recover since. At the time, the bears initiated a few consecutive leg downs that culminated on Saturday with a price slump to $79,100 — the lowest level in five weeks.

It tried to recover in the following days, and jumped to $81,700 on Tuesday, just a day before the highly anticipated FOMC meeting. It dipped as the event was hours away, and rose back to $81,800 when it became known that the central bank won’t be hiking rates, which was mostly expected.

Then came another leg down to under $80,000 before the asset surged to nearly $82,000 on Thursday. It remained close to $81,000 when the news about the hack against Binance went live and then tumbled by several grand to a six-week low of $76,400 at first. It bounced off to $78,400, where it was rejected, and slipped to $76,100 hours later.

While some argue that the extent of this crash was not nearly severe enough given the significance of the hack, bitcoin jumped back up, and it’s now trading around $77,500.

Its market capitalization has stalled at $1.550 trillion on CMC, while its dominance over the alts is inches below 60%.

STX, AAVE on the Rise

ETH has rebounded above $2,200 on Saturday, while BNB is north of $700 once again after a brief dip. XRP dumped below $1.20 but now stands at $1.55. ZEC and LINK have gained 3% and 4%, respectively, over the past 24 hours, while TRX has slumped by almost 7%. RAIN is down by 8%, while HYPE has slipped by 4.5%.

AAVE is the major gainer since yesterday, jumping by over 6% to $133. STX has outperformed the rest of the top 100 altcoin field, rocketing by 11% to $0.31.

Nevertheless, the total crypto market cap has dumped to $2.6 trillion on CMC, which is about $80 billion less than the pre-hack levels.

The post STX Defies Altcoin Crash With Double-Digit Surge, BTC Stabilizes at $77K: Weekend Watch appeared first on CryptoPotato.

The S&P 500 remains remarkably close to its record high, but a closer look shows the index’s damage has worsened considerably over the past several weeks.

According to data compiled by the Kobeissi Letter, more than 60% of companies in the headline index are now in bear-market territory, while some of the largest technology and crypto-linked stocks have fallen much more sharply.

S&P 500: ATH or Bear Market?

The analysts reported that over 60% of the S&P 500 components are now at least 20% below their respective record highs, putting them in commonly defined bear-market territory. Even some of the biggest names in the market are no longer immune. The analysis shows that four of the Magnificent Seven have dropped by 15% or more from their peaks. Moreover, the group has collectively erased approximately $4 trillion in market cap from its highs.

This is more than the entire crypto market’s capitalization by a long shot. The deterioration has accelerated quickly, with Alphabet leading the pack after dumping by 31% since its all-time high of $400 to $282. Meta’s stock has slumped by over 21% since its peak in mid-August, and closed last week at around $625.

These adverse developments build on an earlier divergence covered by us, when 59% of S&P 500 companies were at least 20% below their peaks even as a small group of mega-cap stocks continued supporting the index. Only ten firms had generated roughly 70% of the S&P 500’s advance from its March 30 bottom.

Tech and Crypto Stocks Have It Worst

Kobeissi’s latest list highlights the issue for technology-related companies. It shows that AppLovin has plummeted by 68% from its all-time high, followed by a 60% correction from CoreWeave, a 54% drop from Western Digital, and Oracle’s 51% decline. Arm Holdings’ shares have nosedived by 49%, while Alphabet, Broadcom, Meta, Micron, Adobe, and Intel follow suit.

Crypto-linked equities are among the worst performers as well. The list from the Kobeissi Letter also includes Coinbase, which has tanked by 62% from its peak. Circle is down by 48%, while Robinhood, which is not exclusive to crypto but has dipped its toes even deeper in the past year, has dived by 44%.

This makes the current market increasingly difficult to describe as a conventional bull market simply because the headline index remains close to its peak. The concentration that previously kept the S&P 500 near its highs is weakening as losses spread into some of the very companies that had supported it.

Nevertheless, the Kobeissi Letter still views the divergence as a potential opportunity rather than necessarily the beginning of a prolonged collapse.

Tech Stocks in Bear Market Territory:

1. AppLovin, $APP: -68%
2. Coinbase, $COIN: -62%
3. CoreWeave, $CRWV: -60%
4. Arm Holdings, $ARM: -55%
5. Western Digital, $WDC: -54%
6. Intel, $INTC: -54%
7. Oracle, $ORCL: -51%
8. SanDisk, $SNDK: -49%
9. Circle, $CRCL: -48%
10. ServiceNow, $NOW: -44%
11. Robinhood, $HOOD: -44%
12. Seagate, $STX: -42%
13. Marvell Technology, $MRVL: -39%
14. Super Micro Computer, $SMCI: -39%
15. Broadcom, $AVGO: -34%
16. Alphabet, $GOOGL: -31%
17. Adobe, $ADBE: -29%
18. Micron, $MU: -29%
19. IBM, $IBM: -23%
20. Meta, $META: -21%
21. Amazon, $AMZN: -21%

The Nasdaq 100 is now down nearly -$5 trillion since October 6th.

— The Kobeissi Letter (@KobeissiLetter) October 30, 2026

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