cryptoheadlines

Last 24 hours · updated

Crypto is down 5.7% in the last 24 hours

Crypto is broadly lower, with bitcoin down 3.2% at $77,638.80, ether down 4.3% at $2,320.34, solana down 4.8% at $91.95 and XRP down 3.4% at $1.27. US spot bitcoin ETF flows swung from a $115.6M outflow on Nov 3 to a $74.6M inflow on Nov 4, and crypto stocks fell hard, with COIN, MSTR, HOOD, CRCL and MARA all down 7% to 9%.

BTC-4.8%$76,609
ETH-6.6%$2,271
SOL-6.2%$90.62
XRP-4.9%$1.25
BTC ETFsUS session+$75Mnet flow, Nov 4

News mood

Leaning bearish 17% bullish · 51% bearish

What's happening

The Binance hack is the main weight on prices, with reports of a $5.7 billion theft described as the largest crypto hack to date 1, unusual automated laundering of the stolen funds 2, and more than $2 billion in ETH and tokens moved out of Binance hot wallets 3. Security concerns extend beyond Binance, with Mercado Bitcoin freezing deposits and withdrawals after an incident 4, ZachXBT flagging a suspected $106 million theft from an EU entity 5, and BitMart confirming a hack linked to the Mercado Bitcoin attack 6. Selling pressure from institutions adds to the drag, as BlackRock sold $405M worth of bitcoin on IBIT redemptions 7, and Trump Media-linked wallets moved 4,259 BTC to Crypto.com 8. Politics is also in focus, with Democrats claiming control of the US Senate 9 and the midterm election potentially reshaping crypto regulation and stimulus expectations 10.

The biggest stories

Binance removes SignalPlus API keys following security alert

neutral

The incident underscores the critical importance of robust security measures in fintech, potentially affecting user trust and platform reliability.

  • Crypto Briefing
  • The Defiant
  • crypto.news
  • U.Today
  • Decrypt
  • CoinDesk
  • +5 more

First: Crypto Briefing · 11 outlets · latest 1h ago

Markets

Leaning bearish 10% bullish · 54% bearish

Bitcoin

Mixed 38% bullish · 50% bearish

Ethereum

Leaning bullish 72% bullish · 14% bearish

Bitmine loaded up on more ethereum as Vitalik Buterin drew laughs at Devcon appearing on stage in a green cloak and smiling mask 11.

Altcoins

Leaning bullish 72% bullish · 7% bearish

Polygon proposed a hard fork to recover 70.49 million POL tied to the Polymarket and Binance incidents into recovery wallets without changing supply 12, Kraken parent Payward and its clients bought AAVE tokens in a DeFi investment push 13, IPX plans minicoin payments at LINE FRIENDS stores 14, and Zilliqa pivoted to an Ethereum Layer 2 for regulated institutions 15.

Crypto stocks

Leaning bullish 80% bullish · 17% bearish

  • COIN$137-9.6%
  • MSTR$130-8.7%
  • HOOD$78.54-10.1%
  • CRCL$67.49-11.3%
  • MARA$5.98-13.0%
  • IBIT$43.33-4.4%

Crypto stocks fell sharply alongside the market, while American Bitcoin Corp. posted a third-quarter profit after three consecutive losing quarters 16, Riot Platforms reported $181.4M in Q3 revenue and a $28B Corsicana lease 17, and Jack Dorsey's Block faces a proposed $764 million DOJ settlement as its bitcoin gross profit halved 18.

Regulation

Mixed 52% bullish · 44% bearish

Geopolitics & macro

Leaning bearish 2% bullish · 29% bearish

The US midterm election poses political risks for crypto around regulation, stimulus and risk appetite 10, while Fed's Barkin said AI investments are contributing to near-term inflation pressures 19 and sees stable inflation with no immediate policy changes 20.

DeFi

Leaning bullish 60% bullish · 0% bearish

Security

Leaning bearish 1% bullish · 78% bearish

Binance lost $5.7 billion in the largest crypto hack to date 1, with more than $2 billion in ETH and tokens leaving hot wallets for a Tornado Cash-funded address 3 and unusual automated laundering under way 2, while Mercado Bitcoin froze deposits and withdrawals 4, BitMart confirmed a linked hack 6, ZachXBT flagged a suspected $106 million theft from an EU entity 5, Binance removed SignalPlus API keys 21, and Coinbase said over 99% of customer crypto sits in cold storage 22.

All headlines from the last 24 hours →