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Polymarket has expanded its partnership with Chainlink, its official oracle infrastructure provider, to broaden its high-speed 15-minute markets beyond cryptocurrencies, according to Chainlink. Gold and silver markets using Chainlink data are now live. Polymarket plans to expand the offering to more commodities and later add stocks and FX.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,996.16 on the Binance USDT market.

Hyperliquid generated $38 million in revenue last month through an external partner-based outsourced revenue model, according to a Grayscale analysis. Grayscale said major institutions using Hyperliquid appear to be increasing their participation. Intercontinental Exchange, the parent of the New York Stock Exchange, has recently been working with TradeXYZ to build a U.S. perpetual futures market based on Hyperliquid, Grayscale added. Grayscale said notable examples of Hyperliquid’s outsourced revenue model include HIP-3, which allows third parties to launch perpetual futures markets tied to commodities, stocks and private company assets; builder codes, under which external platforms such as Phantom route orders to Hyperliquid and earn fees; reserve interest income, under which Coinbase pays Hyperliquid 90% of income generated from about $6 billion in USDC reserves; and fees from spot trading and token listing auctions.

U.S. real estate investment firm Cardone Capital, which has been accumulating Bitcoin, bought an additional 15 BTC at an average purchase price of $78,494, bringing the transaction value to about $1.17 million.

A pullback in Bitcoin to $75,800, the short-term holder realized price, would still count as a healthy correction within an ongoing uptrend, according to on-chain analytics firm Glassnode. Glassnode said Bitcoin is currently retesting the True Market Mean, an on-chain metric, as resistance. If BTC fails to reclaim that resistance and falls to the average entry price of short-term holders, that would still fit a typical retest pattern, Glassnode said. The firm added a similar correction occurred in mid-September after Bitcoin failed to overcome resistance, though BTC went on to break above its previous high again within days. The True Market Mean is an on-chain indicator that estimates the average on-chain purchase price of investors who are actively participating in the Bitcoin market.

Decentralized lending protocol Benqi (QI) said it has fully resumed all services after temporarily suspending operations on Oct. 30, following the completion of a security review.

Privacy computing network ARPA said it is aware of the hacking incident at Binance and that the ARPA team’s assets are safe. Citing the Newton Foundation, ARPA added that some of the stolen tokens were transferred into the Newton (NEWT) token contract, where the ARPA-linked amount has been permanently frozen and cannot be recovered or sold. Binance is working to fully compensate for the losses and replenish affected assets, ARPA said.

Tether, the issuer of the world’s largest U.S. dollar-pegged stablecoin USDT, said in an official blog post that third-quarter operating profit reached $1.5 billion. According to Tether’s third-quarter reserves attestation report prepared by accounting firm BDO, cumulative net operating profit for the first three quarters of the year totaled about $4.5 billion. Over the same period, USDT issuance remained at around $184 billion. As of Sept. 30, according to the report, Tether held $191.4 billion in total reserve assets against $183.5 billion in total liabilities, leaving about $7.95 billion in excess reserves. That was nearly double from $4.1 billion at the end of the second quarter. The report also showed Tether’s direct and indirect holdings of U.S. Treasuries stood at $132.4 billion.

AI computing-focused layer-one network Qubic said an attacker stole assets from 1,404 Qubic wallets in October, but all of the stolen coins were frozen before they could be moved or cashed out. Qubic said the attacker ultimately took no assets.

Federal Reserve official Musalem said the Fed may need to raise interest rates again soon. Musalem said inflation remains too high and is unlikely to ease unless the Fed acts, adding that the degree of policy accommodation should be reduced further so inflation converges to 2% within 18 months. Musalem also said the rise in long-term bond yields reflects expectations for higher policy rates and that raising rates earlier could reduce the risk of shocks across the broader economy.

Binance founder Changpeng Zhao said on X that the Binance hack was the largest ever in dollar terms, but smaller than the Mt. Gox hack when measured by the amount of BTC stolen and its share of Bitcoin’s total supply. Zhao added that about 650,000 BTC was stolen in the Mt. Gox hack and said the market impact of a hack should be assessed by considering the loss as a share of Bitcoin’s total supply, the number of affected users and their asset share, and whether the victims and the platform are fully compensated. Zhao said that in the Mt. Gox and FTX hacks, nearly all users and assets were effectively affected, whereas if an exchange fully covers losses, as Binance does, the damage is limited to the exchange itself. Meanwhile, Binance co-founder He Yi said the net losses from the latest hack exceeded $3 billion, representing more than 2% of Binance user assets and assets held in its disclosed reserves.

U.S. CFTC Chairman Michael Selig said in a CNBC interview on the Binance hack that the agency will create an institutional option for cryptocurrency exchanges to come under federal-level regulation and oversight. Selig added that when FTX collapsed, some exchanges were licensed at the state level but were not subject to federal market regulation. The CFTC is trying to introduce a market-based regulatory framework that includes protections against market manipulation and fraud, segregation of customer assets, and separation among broker, exchange and clearing functions, he said. While the agency does not have the authority to require all exchanges to register with the CFTC, it plans to let them choose a federal registration and regulatory regime.

Losses from the Binance hack were larger than the combined total from the second- through 10th-largest hacking incidents historically attributed to North Korean actors, according to Unfolded. Unfolded said total losses from North Korea-linked hacks since 2019 have reached $9.6 billion, with the Binance hack accounting for about $6.3 billion.

Decentralized AI prediction network Allora said its network and the ALLO token contract remain secure following the Binance hack on Oct. 30, and that ALLO held outside Binance was not affected. After confirming that some ALLO held at Binance had been leaked, Allora said it activated an emergency safeguard built into the token contract to block further transfers. The attacker cannot move, sell or use the ALLO, according to Allora, which added that none of the stolen tokens had been sold or moved خارج the attacker’s wallet. A process is under way to restore all affected ALLO to Binance without changing total supply, and Allora said it will provide another update once the recovery is complete.

The U.S. Secret Service said investigators are working with private-sector partners, including Circle, to identify, freeze, trace and recover funds stolen in the Binance hack, according to Walter Bloomberg. The agency added it is also working with the U.S. Attorney’s Office for the District of Columbia and other law enforcement authorities to identify those behind the cybercrime. CoinNess previously reported Binance was cooperating with the FBI, the U.S. Secret Service and other authorities in connection with the $6.3 billion hack.

Uber took part in a blockchain-based investment and financial transaction test with HSBC and Franklin Templeton, Bloomberg reported. Using HSBC tokenized deposits, Uber bought Franklin Templeton’s tokenized money market fund on Thursday and sold it on Sunday, allowing it to manage funds during a period when traditional financial markets were closed and capture an additional 1.5 days of yield. Tradeweb and Fireblocks also joined the trial, while Canton Network handled liquidity provision and settlement, according to Bloomberg.

Crypto trader Bonk Guy, who has about 339,000 followers on X, said altcoins have remained relatively resilient even as Bitcoin fell below $77,000. Bonk Guy added Binance appears to have repurchased a significant share of assets affected by the hack, while around $3 billion in assets frozen on-chain could eventually be returned. Although BTC could fall further to form a short-term bottom, most of the selling pressure on altcoins has likely been absorbed, Bonk Guy said, adding the current market favors buying altcoins and using dollar-cost averaging on further dips.

According to CoinNess market monitoring, BTC has risen above $78,000. BTC is trading at $78,003.48 on the Binance USDT market.

DeFi analyst Ignas said on X that posts framing market selloffs as buying opportunities used to surge during past downturns, but such reactions have recently become hard to find, as retail investors once drawn to crypto have shifted to markets such as AI-related stocks, gold and quantum computing plays. Ignas added that while Bitcoin holding in the $77,000-$80,000 range despite the Binance hack has been cited in multiple X posts as a bullish sign, the more fundamental question is who is doing the buying. Retail investors have left the market, and ETF buyers have also disappeared, Ignas said. He also said some assets are fortunately showing signs of decoupling from Bitcoin, adding that assets such as Hyperliquid's HYPE, which has been embraced by traditional finance, and Zcash's ZEC, which he described as being in the realm of conviction, look attractive.

Kamino (KMNO) said it resumed lending for the SOL/BTC trading pair after continuing to monitor developments related to the Binance hack. After reviewing on-chain activity during the suspension, Kamino said it found no immediate risk to the market or users and was not affected throughout the period. It added that deposits, withdrawals and repayments were processed normally.

Crypto asset manager 21Shares said in a report that Bitcoin fell just over 2% in the 24 hours after the $6.3 billion Binance hack, in contrast to the roughly 26% plunge during the FTX collapse in November 2022. The report said the incident was a security breach at a specific exchange rather than a problem with Bitcoin’s own security, and added that, unlike the FTX collapse, the shock did not spread across Bitcoin and the broader cryptocurrency ecosystem. It also described the Binance hack as the largest theft in financial market history, noting that about $3 billion of the stolen assets has been frozen on-chain while the remaining roughly $3.3 billion is still exposed to risk.

Popular crypto trader Ansem warned on X that Bitcoin’s roughly 2% decline despite the negative impact from the $6.3 billion Binance hack should not be mistaken for a bullish signal. Ansem said retail speculative demand had historically been concentrated in leveraged Bitcoin trading, but has recently spread across memecoins, onchain assets and stock perpetual futures, changing the market structure. Ansem explained this was a main reason Bitcoin volatility could be lower than in the past even amid a major negative event. With fewer speculative traders taking leveraged long Bitcoin positions, immediate downside moves in response to bad news may be smaller, Ansem said. But Ansem added this should not be interpreted as the end of the downtrend, and instead suggests selling pressure is acting more passively.

Binance CEO Richard Teng said on X that the exchange is working to resume withdrawals and is targeting a restart by Sunday, while withdrawals will remain suspended until strict testing is completed. Teng also said Binance has secured more than $6.34 billion in company funds to cover stolen assets. Of that amount, $5 billion is already being held in the affected tokens, while the exchange is replenishing the stolen token assets through market purchases and OTC channels. Binance plans to complete the remaining purchases and verify the holdings through proof of reserves, with a proof-of-reserves report set to be shared by Monday next week.

Analysts at three Wall Street firms, including Cantor Fitzgerald, TD Cowen and Compass Point, see the broader crypto market impact from Binance’s $6.3 billion hack as limited, CoinDesk reported. Cantor Fitzgerald analyst Ramsey El-Assal viewed the industry’s swift response to the hack as a positive sign and said the crypto ecosystem has steadily been building its ability to respond. TD Cowen analyst Lance Vitanza argued that just as a bank robbery would not lead people to stop using dollars, and car theft does not invalidate automobiles as a technology, the latest market drop could offer a buying opportunity in shares of companies that hold Bitcoin and other cryptocurrencies on their balance sheets. Compass Point also assessed that Binance has sufficient liquidity to cover customer losses.

Mirae Asset Asset Management said in a filing with the U.S. SEC that it increased its Strategy holdings by 24% in the third quarter to 168,634 shares. The stake was worth about $21.8 million at current market prices. Bitcoin Treasuries said Mirae Asset, which manages about $1 trillion in assets, is increasing its BTC exposure through a Bitcoin-accumulating company.