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A reported $6.3 billion Binance hack sent bitcoin and ether lower and pushed crypto futures liquidations to $1.57 billion. Bitcoin traded near $77,350, highlighting how leveraged positions amplified the market’s reaction.
Wallets linked to the $6.3 billion Binance hack held 18,270 Bitcoin, exceeding Coinbase’s reported corporate balance by 199 BTC. Bitquery also traced 508,621 Ether to the attackers, above the holdings attributed to major corporate Ether holder The Ether Machine.
Strategy CFO Andrew Kang has resigned as the company reports record quarterly operating income of $21 billion and bitcoin holdings of 848,517 BTC. CoinDesk reported the leadership change on Oct. 30, while Moneyiar data showed bitcoin at $80,430.51 on Oct. 25.
Bitcoin fell below $77,000 as a reported $6.3 billion Binance exploit unsettled crypto markets. At the same time, the Nasdaq dropped more than 2% amid weak earnings outlooks and growing concerns over heavy artificial-intelligence spending.
A selloff in bitcoin, ether and XRP wiped out about $1.5 billion in leveraged crypto positions, with bullish bets making up nearly 84% of liquidations. Binance handled almost half, while a subsequent rebound began forcing short sellers out.
Strategy says it could create up to $30 billion in digital credit to fund additional Bitcoin purchases, mainly through preferred-share offerings. The figure is a potential capacity rather than a fundraising target, while the company also prepares for a CFO transition.
A hacker linked to Binance has split 18,270 bitcoin—worth about $1.4 billion—across 19 wallets. CoinDesk’s blockchain analysis found that 17 wallets each held exactly 1,000 BTC and that none of the coins had moved since Thursday night.
Bitcoin briefly fell to about $76,300 after Binance confirmed a security breach with an estimated $6.3 billion impact. Binance said roughly $3 billion had been frozen on-chain, suspended deposits and withdrawals, and pledged to cover user losses through SAFU and company funds.
Bitcoin and ether declined after a suspected $6.3 billion Binance security breach and a separate Polymarket exploit. Standard Chartered warned that crypto prices could face further pressure before finding a base, while Moneyiar data showed mixed recent performance across major tokens.
A multibillion-dollar hack at Binance pushed crypto markets lower, sending BNB down more than 8% and Bitcoin toward $77,000. Binance said it would cover all losses and paused deposits and withdrawals, while Aave took precautionary steps in some lending markets.
Strategy posted a record $20.91 billion in third-quarter operating income as Bitcoin’s rebound increased the marked value of its holdings. Revenue declined, while negative Bitcoin-per-share growth and preferred-dividend obligations continued to pressure the company’s financing strategy.
Bitcoin fell below $79,000 after reports of a suspected Binance hack and outflows of up to $5.8 billion. Tether and Circle froze billions in stablecoins, while Binance said it was investigating and had not confirmed a breach.
Binance has reported losses exceeding $6 billion in what CoinDesk described as the largest crypto hack on record. Its co-CEO said the exchange would cover the losses, while bitcoin fell back to about $77,000 as markets reacted.
A miner using FutureBit’s Apollo Solo setup found Bitcoin block 973,262, collecting the full 3.154 BTC reward plus fees from 2,477 transactions. The event underscores both the possibility and extreme odds of solo mining outside major commercial pools.
About $11 billion in Bitcoin options covering 135,000 BTC expire Friday on Deribit. The event follows the Federal Reserve’s decision to hold rates at 3.75%-4% and could increase market volatility as traders adjust hedges.
Glassnode says roughly 4 million Bitcoin bought between $85,000 and $118,000 could create selling pressure if prices recover. ETF holders are near break-even, while interest rates and uneven inflows continue to shape Bitcoin’s path.
Franklin Templeton has begun trading two Nasdaq ETFs, FBEQ and FIBT, that invest primarily in U.S. equities while directing portfolio dividends into bitcoin exposure. FBEQ carries a 0.09% expense ratio and caps its bitcoin allocation through scheduled and interim rebalancing rules.
Bitcoin rebounded to $81,547 after US GDP growth exceeded expectations, while PCE inflation matched forecasts. The move came despite a 12% drop in Alphabet shares, with analysts watching whether BTC can reclaim the $81,400 level before the weekly close.
