Bitcoin trades at $77,727.70, up 0.7% over 24 hours, and ETH at $2,262.11, up 1.0%, while SOL sits at $95.19, down 0.3%, and XRP at $1.25, up 0.4%. US spot bitcoin ETFs saw outflows of $643.3 million, and crypto stocks fell sharply, with COIN down 10.6% and MSTR down 7.8%.
BTC+1.2%$78,110
ETH+1.6%$2,273
SOL+0.6%$95.72
XRP+0.7%$1.25
BTC ETFsUS session-$643Mnet flow, Oct 30
News mood
Mixed33% bullish · 46% bearish
What's happening
The Binance hack dominates sentiment, with an estimated $5.7 billion stolen in the largest crypto hack to date and more than $2 billion leaving hot wallets for an address funded through Tornado Cash 12. Binance says it will cover losses, estimates the impact at $6.3 billion, and expects to start resuming withdrawals within 48 hours, beginning with the Bitcoin network 34. Tether froze 971 million USDT in a wallet linked to the suspected drain, and the theft has triggered an automated laundering operation as investigators trace funds 56. ETF investors pulled $643 million from spot bitcoin funds in a day while Ethereum funds lost $156 million, and a Nasdaq-listed company authorized sales or loans against its 5,833 BTC, citing the hack and quantum risks 78.
More than $2 billion in Ethereum (ETH) and tokens left Binance hot wallets on Thursday for an address created hours earlier and funded through Tornado Cash, Etherscan data shows.
The potential Bitcoin purchases by Strategy could significantly impact market dynamics and investor confidence, influencing broader financial strategies.
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First: Crypto Briefing · 6 outlets · latest 1h ago
Markets
Leaning bullish68% bullish · 32% bearish
US spot bitcoin ETFs shed $643 million in a day as Ethereum funds lost $156 million, and higher derivatives exposure leaves bitcoin's recovery facing a demand test before November 6 payrolls 79.
Tether posted a $1.5 billion Q3 profit as its reserve buffer nearly doubled, while 92 billion SHIB flowed into exchanges on a net basis amid renewed selling pressure 1011.
Crypto stocks sold off, with COIN down 10.6%, MSTR down 7.8%, HOOD down 7.2%, CRCL down 9.3%, MARA down 5.5% and IBIT down 5.1% since the previous US close 8.
Jupiter Lend says a liquidity crunch is delaying withdrawals, with its API showing just 3.35 USDC immediately withdrawable against 418.5 million USDC in Earn deposit claims 13.
The Binance hack exposed never-before-seen automated money laundering tactics, hackers hijacked a dozen DeFi websites registered with Name.com and stole about $138,000, and an attacker drained about $437,000 in collateral from Premia vaults 61415.