Flash News

TREE NEWS reports: Galaxy research chief Alex Thorn said bitcoin held near $80,000 because trading-driven hedge funds and bank desks had already cut their spot bitcoin ETF positions by June, citing 13F filings. With that selling already done, the market faced less pressure at that level.

TREE NEWS reports: Hyperliquid Strategies Inc. (PURR) closed up 23.27%, its largest single-day gain since Aug. 19, after TradeXYZ and Intercontinental Exchange (ICE) announced a partnership. Stanley Druckenmiller said on social media that he is excited to be a TradeXYZ investor and looks forward to using its products to optimize his own investment process; his representatives confirmed the information.

TREE NEWS update: Binance said customer funds are safe following a security incident, while issuer-imposed freezes are restricting token movements. The exchange has not established how much has been recovered or ultimately lost. No timeline or further details were provided.

TREE NEWS update: Bithumb has confirmed a suspected security issue at Binance and advised users to be cautious when withdrawing crypto assets to the exchange. The South Korean exchange said it is monitoring the situation and may restrict withdrawals to Binance if necessary to protect user assets, with any changes to deposits and withdrawals to be announced separately. Upbit issued a similar warning earlier.

TREE NEWS update: Binance said on Oct. 30 that the total value of frozen assets it has verified stands at $2.54 billion, after figures circulating externally varied, including $1.8 billion. The exchange said the number may keep rising as its team works with law enforcement, issuers, blockchain intelligence firms and industry partners to trace and freeze more assets, and that it will publish only confirmed data. Binance has suspended withdrawals and Binance Alpha trading, saying user funds are safe.

TREE NEWS update: Binance said it has verified a total of $2.54 billion in frozen assets and is working with law enforcement, with more assets potentially subject to freezing. The exchange did not specify the period covered or which cases the frozen funds relate to.

TREE NEWS update: Binance suffered a multibillion-dollar hack, sending BNB down 8% and rattling the broader crypto market. Bitcoin, Ether and other major tokens also fell, with Bitcoin trading near $77,000. The exchange has not disclosed the exact size of the loss.

TREE NEWS update: Coinbase has filed to remain authorized under Brazil’s new crypto rules, which take effect Nov. 6 and bar banks and payment firms from conducting crypto operations with unauthorized providers. The amended rule also removes the exemption for firms still awaiting a regulatory decision, meaning Coinbase must secure approval to keep serving the Brazilian market.

TREE NEWS update: Binance has suspended trading on Binance Alpha, the exchange said, without specifying the nature of the security issue involved. Trading services will resume once the security problem has been addressed, Binance said. The exchange did not give a timeline for restoring the service or say which assets were affected.

TREE NEWS reports: Wallets tied to the suspected Binance hack are swapping freezable stablecoins for Ethereum on decentralized exchanges, Etherscan records show, as some DeFi exchanges paused markets. The moves suggest the attackers are seeking exit ramps that are harder to freeze or trace than stablecoin holdings.

TREE NEWS update: Coinbase said on Oct. 30 that its platform is secure and reliable, and that it is closely monitoring developments at Binance after the exchange’s hot wallet was apparently attacked. Coinbase has contacted Binance’s team to offer support. Binance CEO Changpeng Zhao said losses may be slightly above $1 billion, which Binance will cover in full.

TREE NEWS reports: The hacker behind the suspected Binance breach is swapping PEPE, UNI, LINK and other tokens into ETH on-chain, Lookonchain said on October 30. The wallet still holds large altcoin positions, including 217 million ENA worth about $39.51 million, 7.58 trillion PEPE worth about $34.41 million and 2.575 million LINK worth about $28.07 million. Lookonchain warned the tokens could face significant selling pressure.

TREE NEWS update: Aave has frozen all DAO-operated markets on Aave V3 and V4 as a precaution after reports of a possible security incident involving a Binance-linked wallet, pausing new deposits and borrows while leaving withdrawals and repayments open. The protocol said its contracts were unaffected and all positions remain overcollateralized. Founder Stani Kulechov said the team is monitoring the situation and will unfreeze markets as soon as feasible. An address tied to the suspected Binance breach had deposited about 60 million USDT into Aave and borrowed 19,762 ETH.

TREE NEWS update: Stan Druckenmiller confirmed he has taken a stake in trade.xyz and said he plans to use the platform’s Hyperliquid perpetual futures, adding he is “excited” to back the venture. The U.S. market for 24/7 perpetual futures, run by ICE, still requires regulatory approval before it can operate.

TREE NEWS update: World Liberty Financial (WLFI) and BitGo are working to freeze funds that were stolen, the two firms said, adding that they will fully cooperate with the ongoing investigation. The statement did not disclose the amount taken, the assets involved or where the theft occurred.

TREE NEWS update: Binance said it will restore withdrawals as soon as the problem is resolved, adding that user funds are safe. The exchange did not specify the nature of the issue or a timeline for restoring the service. The statement came in response to the disruption affecting withdrawals on its platform.

TREE NEWS update: Solana lending protocol Kamino said it has paused borrowing in its SOL/BTC market as a precaution, though it has not been affected by the Binance incident. The move follows an apparent attack on a Binance hot wallet, with a linked address having used USDT collateral on Aave to borrow ETH. Kamino said it is monitoring the situation and coordinating with partners.

TREE NEWS reports: An address tagged “Binance Hot Wallet Exploiter 15” has sold about 4.7 million UNI tokens for ETH through Uniswap. The address originally received roughly 7.02 million UNI and holds about 2.3196 million UNI (around $14.89 million) remaining, plus approximately 12,283.8 ETH (about $27.89 million).

TREE NEWS update: Singapore police said tampered Ledger hardware wallets began appearing in the country on September 10, about a month before the incidents drew wider attention. South Korean lawmakers also look set to delay the country’s crypto tax law for a fourth time.