24H Trending Coins & News | Binance Hit by Hack, Flagged Wallet-Related Assets Outflow at Least $5.6 Billion; Yi He Says Binance Will Bear All Losses (October 30)
- Key Takeaways: Binance suffered losses of approximately $5.9 billion from a hack, but has frozen about $3 billion in assets and pledged to bear all losses; the broader market declined, with BTC down 4.11% and over $1.1 billion in liquidations across the network in 24 hours.
- Key Elements:
- Binance-flagged wallets saw outflows of approximately $5.643 billion, with Tether and Circle freezing at least $2.316 billion in stablecoins.
- Yi He pledged that user funds are safe, Binance will bear all losses, and deposits and withdrawals are suspended pending law enforcement investigation.
- Broad market decline: BTC -4.11%, ETH -4.80%, BNB -8.51%, while HYPE and TRX bucked the trend with gains exceeding 9%.
- Network-wide 24-hour liquidations totaled $1.112 billion, with long positions liquidated at $930 million and BTC liquidations at $350 million.
- Google launched an MPC-based crypto custody platform for banks, with plans for commercial launch in early 2027.
- Kalshi completed a $1 billion Series G funding round at a $40 billion valuation, led by Sequoia and Wellington.
- 38 companies opposed OKX and ICE's TSV tokenized stocks, 23 of which are listed on Nasdaq.
1. Trending CEX Tokens
Top 10 CEX Tokens by Trading Volume and 24-Hour Price Change:
- BTC: -4.11%
- ETH: -4.80%
- BNB: -8.51%
- SOL: -6.81%
- ZEC: -6.83%
- PEPE: -11.70%
- NEAR: -14.57%
- XRP: -6.62%
- HYPE: +10.71%
- TRX: +9.22%
Top 24-Hour Gainers (Data Source: OKX):
- PARTI: +55.73%
- xPURR: +14.63%
- xSOXS: +13.82%
- LSK: +13.39%
- HYPE: +10.82%
- TRX: +10.82%
- xSQQQ: +5.79%
- xLLY: +5.55%
- xLUNR: +4.82%
- xOKTA: +4.56%
Top 24-Hour Tokenized Stock Gainers (Data Source: msx.com):
- AXTQ: +27.62%
- AAOZ: +22.22%
- BEZ: +19.45%
- SOXS: +19.16%
- SNDQ: +18.92%
- MSTZ: +16.91%
- COHQ: +15.31%
- INSM: +14.57%
- HII: +13.40%
- SKDD: +13.15%
Headlines
According to on-chain monitoring, the total outflow of assets associated with Binance-labeled wallets is approximately $5.643 billion.
The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and a combined $38 million across Arbitrum, Optimism, and Base networks. The statistics exclude change outputs and avoid double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
Separately, according to Chainalysis monitoring, the estimated amount stolen in the Binance incident is approximately $5.912 billion, nearly 4 times the amount stolen from Bybit in 2025.
Yi He: User Funds Are Safe; Binance Will Bear All Hacking Losses
Binance co-founder Yi He posted that user funds are safe and Binance will bear all losses caused by this hacking attack. Currently, the platform has temporarily suspended deposits and withdrawals to allow the security team to conduct security checks, freeze related funds, and cooperate with law enforcement.
Yi He stated that after the investigation is complete, Binance will publish a full incident retrospective report and reminded users to obtain the latest updates only through Binance's official channels.
Binance: Approximately $3 Billion in Assets Confirmed Frozen; User Funds Are Safe
Binance posted an update on the handling of the theft incident, stating that the total amount of assets confirmed frozen is approximately $3 billion. The Binance team continues to work closely with law enforcement agencies, asset issuers, blockchain intelligence firms, and industry partners to trace and freeze more assets.
Binance stated that it will only publish verified data going forward and will provide further updates as more information is confirmed, emphasizing that user funds are safe.
Industry News
U.S. Economy Grew 3.4% in Q3, Beating Market Expectations
The U.S. economy grew at an annualized rate of 3.4% in the third quarter, up from 2.2% in the second quarter and above analysts' expectations of 3.2%, as the AI investment boom continues to fuel growth. Since the start of the year, U.S. companies have invested heavily in AI data centers and high-tech equipment, providing significant support for economic growth. Despite persistent inflation pressures, consumers have maintained strong spending.
Fed Chair Warsh said on Wednesday that economic growth momentum has strengthened, noting that consumer spending is solid and capital expenditure as a share of GDP is at a historically high level. U.S. President Trump called the U.S. economy "the hottest economy in the world." U.S. economic growth continues to outpace other G7 member countries.
38 Companies Oppose TSV Tokenized Stocks via OKX and ICE, 23 of Them Listed on Nasdaq
A Fox Business crypto reporter posted that Nasdaq representatives reportedly warned issuers listed on its exchange against tokenizing their stocks through OKX and ICE's TSV. So far, 38 companies have objected, 23 of which are listed on Nasdaq. Nasdaq previously stated publicly that it is concerned about tokenized stocks trading outside traditional market structures and said it has no plans to launch TSV; the exchange is working with Kraken on a tokenization model independent of TSV, planned for launch in Q2 2027.
Google Launches Crypto Asset Custody Platform for Banks, Plans Commercial Launch in Early 2027
Google has launched a multi-party computation (MPC) custody platform aimed at helping banks and financial institutions safeguard cryptocurrencies and tokenized assets. The platform distributes private key shares across different environments so that no single party can hold the complete private key; before transactions are signed, spending limits, approved addresses, and multi-party authorization requirements can be verified according to institutional rules.
The service is currently in private preview and is planned for commercial availability in early 2027. Google said several major financial institutions have participated in testing; Alphabet has already used the technology to protect its digital assets on Solana and Ethereum, but did not disclose the assets held or the list of testing institutions.
Coinglass data shows that in the past 24 hours, $1.112 billion was liquidated across the network, including $930 million in long positions and $175 million in short positions. BTC liquidations amounted to $350 million, and ETH liquidations were approximately $253 million.
Project News
Strategy Reports Q3 Operating Profit of $21 Billion, Holds 848,517 Bitcoin
Michael Saylor posted that Strategy reported Q3 2026 results: operating profit of $21 billion, the company's highest for a single quarter; $21 billion raised year-to-date; STRC back to normal; holdings of 848,517 Bitcoin, up 26% from the start of the year.
ICE Partners with Trade.xyz to Bring Perpetual Futures Products to U.S. Regulated Markets
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has partnered with Trade.xyz to bring perpetual futures products into U.S. regulated markets.
Nearly 5% of Maximum Supply Burned as Hyperliquid Permanently Burns 49.87 Million HYPE
According to Onchain Lens monitoring, Hyperliquid has permanently burned 49.87 million HYPE, worth approximately $3.89 billion, representing 4.99% of its 1 billion maximum supply. In the past 24 hours, 19,700 HYPE worth approximately $1.59 million were burned; estimated 24-hour fee revenue is $1.69 million, with cumulative revenue of $13.8 billion.
Sony Launches Global Onchain Entertainment Incubation Program to Support Soneium Startups
Sony Group announced the launch of the global Sony Onchain Entertainment Incubation Program for creators and startups worldwide, supporting the development of entertainment-related products and services on Soneium. Selected projects will receive technical infrastructure, partnership opportunities, and support for business development, marketing, community operations, and fundraising. Sony said that since 2024, it has supported 43 projects globally through its previous two incubation rounds. The application period for the new program is October to December 2026, with project screening expected to continue until March 2027.
Funding & Investment
Kalshi Completes $1 Billion Series G Funding, Led by Sequoia Capital and Wellington Management
Kalshi co-founder and CEO Tarek Mansour said Kalshi has completed a $1 billion Series G funding round led by Sequoia Capital and Wellington Management. Other investors participating in the round include Baillie Gifford, Morgan Stanley Investment Management, Coatue Management, and Andreessen Horowitz, with a valuation of $40 billion.
PhotonPay Completes $40 Million Series C Funding, Led by Blockchain Capital
PhotonPay announced the completion of a $40 million Series C funding round led by Blockchain Capital, with new investor SBI Group participating and IDG Capital, GL Ventures, and Lightspeed Faction following on. The project is a Hong Kong fintech company focused on developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients in over 200 countries and regions.
Stan Druckenmiller Announces He Is an Investor in Trade.xyz
Legendary investor and Duquesne Family Office Chairman and CIO Stan Druckenmiller posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is working with Intercontinental Exchange (ICE) to bring 24/7 perpetual futures based on Hyperliquid to the United States. Stan Druckenmiller said that as a market participant, he looks forward to using this product to improve his investment process.
Regulatory Developments
French Senate Passes Bill on Automatic Exchange of Crypto Asset Tax Information
The French Senate passed a bill on first reading authorizing tax authorities to automatically exchange crypto asset transaction data with foreign counterparts. The bill was subsequently submitted to the National Assembly as Bill No. 3421 and still awaits completion of the legislative process.
The bill covers agreements on the exchange of crypto asset tax information and updates existing agreements on the exchange of financial account information. The crypto asset portion is based on the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development, which sets common standards for participating jurisdictions to collect and automatically exchange crypto transaction information.
France has already implemented the EU's Eighth Directive on Administrative Cooperation (DAC8) through its 2025 finance bill, requiring crypto service providers to report client identities and transaction data to tax authorities, which then share the information with the EU country where the user resides. French lawmakers are also discussing crypto tax adjustments in the 2027 budget; an amendment passed by the National Assembly on October 16 proposes taxing gains from conversions into specific fiat-pegged stablecoins starting January 1, 2027, but the measure has not yet become law.
Bank of England Opens Consultation on Clearing Tokenized Collateral
The Bank of England (BoE) has opened a consultation on central counterparties (CCPs) accepting digital versions of eligible collateral, stating that existing rules allow such assets to be used when they meet clearing standards. The proposed supervisory statement will clarify what CCPs need to explain when submitting applications under the current approval process and will not create new regulatory obligations.
The Bank of England stated that tokenized collateral must remain valuable, transferable, and realizable under stress scenarios, and that faster cross-jurisdictional asset transfers could help firms meet margin requirements. The consultation will close on February 12, 2027, and the central bank expects to publish its policy response and related rules later this quarter.
South Korea's ruling Democratic Party will meet with representatives from Upbit, Bithumb, Coinone, Korbit, and Gopax on Friday to discuss whether to delay the crypto tax scheduled to take effect in January 2027. The party has proposed a bill to postpone implementation to 2029, citing insufficient infrastructure and difficulties in obtaining transaction data.
Voices
SEC Enforcement Director: Closely Watching Insider Trading and Manipulation in Prediction Markets
David Woodcock, Director of Enforcement at the U.S. SEC, said in an interview that the SEC is closely monitoring fraud and securities violations in prediction markets, with insider trading and market manipulation being key concerns, and expects enforcement action in this area in the future. He noted that trading in prediction markets tied to key performance indicators or earnings data of public companies may fall within the SEC's regulatory scope. Currently, prediction markets such as Kalshi and Polymarket's U.S. operations are primarily regulated by the CFTC.
Tom Lee posted that Rick Rieder's view is worth endorsing: rate hikes cannot solve oil supply shocks and would worsen housing supply shortages; the increase in investment income brought by rate hikes would also push up demand. Therefore, calls for the Fed to raise rates may instead exacerbate inflation.
