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Short-term Bitcoin holders sent more than 36,600 BTC to exchanges over the past 24 hours as BTC fell toward $76,000 and tested support, a sign the market may be nearing a bottom, according to on-chain analyst Darkfost. Darkfost said exchange transfers from short-term holders whose positions had fallen into loss exceeded 36,600 BTC during the period. Inflows to Binance were also notable after the exchange faced negative fallout from a $6.3 billion hot wallet hack, with cumulative inflows over the past seven days reaching 45,400 BTC, the highest level in October. Darkfost said the sharp rise in loss-making BTC moving to exchanges suggests short-term investors are nearing their psychological limit in the recent volatile market. Darkfost added that, historically, large-scale capitulation by short-term holders has signaled that a correction is approaching an extreme bottom zone, and said short-term momentum could rebound after distressed selling is absorbed.

Crypto trader Doctor Profit said BTC could fall to $67,000-$69,000 if it loses support at $76,000. In an analysis posted on X, Doctor Profit said BTC recently fell below both the 50-day exponential moving average and simple moving average in the $80,000-$81,000 range amid a major hacking incident, but the broader bull-market price structure remains intact. Doctor Profit added that a break above $76,000 had been an important signal confirming the start of the bull market, so losing that level would deal a major blow to the uptrend. Even so, Doctor Profit said the latest decline appears to be a temporary digestion phase driven by large-scale forced liquidations and panic selling, and Doctor Profit remains confident the bull market will continue. Doctor Profit added that Doctor Profit is maintaining a BTC long position with an average entry price of $80,400, along with a spot position bought at $60,000.

Suspicion is spreading on X that Binance’s $6.3 billion hack may have involved an insider, though no concrete evidence has been presented, Bitcoin.com reported. Some traders questioned how the hacker was able to steal funds across 10 blockchains in about 20 minutes and argued an exchange insider may have been involved. The speculation intensified after Binance said it had recovered about 80% of the stolen assets, bought the remaining 20% on the market, and plans to release its proof-of-reserves, or PoR, results on Nov. 2. Some users said a reserve snapshot taken only after all stolen assets had been replenished would make it difficult to determine the actual scale of any funding shortfall at the time of the hack. Meanwhile, blockchain analytics firm TRM Labs assessed that the attack was likely carried out by TraderTraitor, a North Korea-linked hacking group. Binance said it had identified an additional attack vector, but found no evidence that wallet private keys were compromised and maintained that customer assets were unaffected.

Web3 security data infrastructure provider GoPlus (GPS) said on Oct. 31 that the official websites of Flap and Kintsu were hit by a DNS hijacking attack that redirected traffic to malicious clone sites. GoPlus said the domain registrar may have been compromised and that more than 10 domains, in addition to those of the two projects, were hijacked. Users who attempted to connect wallets on the clone sites were routed to malicious pages and prompted to sign transactions sending BNB to the attacker or approve ERC-20 token spending. Both the Kintsu and Flap sites have been restored, and Flap's alternative domain is also available, while the cause of the DNS hijacking remains under investigation.

A total of 1.223 million SOL, worth about $117 million, was deposited from the same anonymous address to Coinbase Prime about two hours ago, according to on-chain analyst EmberCN (@EmberCN). Exchange deposits are typically interpreted as a sign of intent to sell.

Cryptocurrency platform Flap said it has restored service to its official website, flap.sh, after restricting access following a DNS attack. In a post on X, Flap said both its original official domain and the alternative domain set up after the attack, flap.cool, are now operating normally, adding that it will continue to monitor platform operations.

On-chain analyst Axel Adler Jr. said BTC is showing stronger resilience than it did during the 2022 FTX collapse despite the recent Binance hack. Adler said BTC is currently trading near the average cost basis of short-term holders, or STH, and described the market reaction to the Binance hack so far as relatively limited.

According to DefiLlama data, Ethereum block builder Titan Builder posted $22.83 million in protocol revenue over the past 24 hours, briefly ranking first overall ahead of Tether. DefiLlama co-founder 0xngmi said Titan Builder generated about $24.7 million in fees over the same period, and the figure was so unusually high that the system initially treated it as a data error and excluded it from the tally. 0xngmi added that MEV-related trading activity surged as recent hacking-related market turmoil and investor fear created more arbitrage opportunities.

Binance founder Changpeng Zhao pushed back against interpretations that his mention of holding SpaceX (SPCX) shares was intended to pressure Elon Musk. In a post on X, Zhao said he had never said he would sell SpaceX shares and had raised the holding only to explain, amid earlier comparisons with FTX and questions about Binance’s funding position, that he also holds assets outside crypto. Zhao added that threatening someone runs against his principles and said such a threat would not be credible anyway because the shares held are only a tiny portion of SpaceX as a whole. Zhao also said SpaceX remains one of the best stocks to hold for the long term and stressed there was no need to frame the matter as a conflict or drive a wedge between the two sides.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.65% long, 51.35% short - Binance: 48.57% long, 51.43% short - OKX: 48.19% long, 51.81% short - Bybit: 47.68% long, 52.32% short

DeFi project StonkBroker founder SimpleFarmer said on X that security warnings tied to the project were based on incorrect information. SimpleFarmer said the domain in question was not StonkBroker’s official domain and that the project’s actual official address is "stonkbrokers.io." SimpleFarmer added that blockchain security firm Blockaid removed StonkBroker from its security warning list and related posts, and that the malicious domain at issue has also been taken down.

Bitdeer said it sold all 265.5 BTC it mined this week. The company reduced its Bitcoin holdings to zero on Feb. 20 and has since been converting all newly mined BTC into cash.

Crypto platform Flap said it changed its official service domain to flap.cool from flap.sh in response to a recent DNS attack. In a post on X, Flap said it is investigating whether the attack was linked to its domain service provider and that the exact cause has not yet been confirmed. Flap advised users to avoid accessing the old domain, flap.sh, as well as connecting wallets or signing transactions on that site, and to use the new domain, flap.cool, directly. Flap added that visits to the old domain are automatically redirected to the new site, but direct access through the new address is safer.

People Power Party lawmaker Bae Jun-young urged South Korea’s Democratic Party to quickly decide whether to further delay virtual asset taxation, which is scheduled to take effect in January next year, The Asia Business Daily reported. Bae also called for a response to a proposal to place the related bill on the agenda of the National Assembly’s tax subcommittee under the Strategy and Finance Committee on Nov. 2. Bae said the People Power Party had proposed both a bill to repeal the tax and a bill to delay it, while the Democratic Party had remained passive. Bae added that the party had proposed putting the related bill before the tax subcommittee on Nov. 2, but had yet to receive a response. Bae urged the Democratic Party to present its rationale if it believes taxation is justified, and said any objections to repeal or a delay could be addressed during the review process. Bae also called for a conclusion on whether to delay the tax before its implementation.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel tracks trading volume at each price level, and the background becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The CVD indicator in the lower panel reflects buy and sell orders by order size, with each colored line rising as buy orders increase in that bracket. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.

Monad-based liquid staking protocol Kintsu said on X that its official website, kintsu.xyz, is redirecting users to a malicious site following a DNS hijacking attack at its domain registrar. Kintsu advised users not to visit the site, connect wallets, or sign transactions. Kintsu also urged anyone who connected a wallet or signed after 12:00 a.m. UTC on Oct. 31 to revoke token approvals through Revoke.cash and move assets to a different wallet. The protocol said it will issue a separate notice once the website is confirmed to be safe.

Dunamu & Partners, the investment arm of Upbit operator Dunamu, disclosed it held 2,081.84950412 BTC as of Oct. 31. The holdings were acquired on Feb. 19, 2021, through an over-the-counter swap of 20 million LUNA with offshore institutional investors and others, and there have been no sales since Feb. 19, 2021. Dunamu & Partners applies a policy of not selling invested cryptocurrencies for three months from their initial listing date if they are listed on Upbit, and it discloses changes in its holdings at the end of each month.

U.S. spot Ethereum ETFs posted $155.85 million in net outflows on Oct. 30, marking a fifth consecutive trading day of net withdrawals, according to Farside Investors. - BlackRock ETHA: -$76.6 million - BlackRock ETHB: -$19.5 million - Fidelity FETH: -$3.3 million - Morgan Stanley MSSE: -$700,000 - Grayscale ETHE: -$21.5 million - Grayscale ETH: -$34.1 million

U.S. spot Bitcoin ETFs recorded $643 million in net outflows on Oct. 30, reversing into net outflows, according to Farside Investors. - BlackRock IBIT: -$233 million - Fidelity FBTC: -$201 million - Bitwise BITB: -$25.7 million - ARK Invest ARKB: -$129 million - Grayscale GBTC: -$53.3 million

Pro-crypto Republican U.S. Sen. Cynthia Lummis said the CLARITY Act could have enabled a more effective response to the Binance hack. Lummis said the bill would have classified Binance as a regulated digital asset service provider while preserving the force of existing financial and sanctions laws, which would have helped authorities respond more quickly. The CLARITY Act passed the House but remains pending after failing a procedural vote in the Senate on Sept. 15 by a 49-50 margin.

A proposal submitted in the Zcash (ZEC) community would redirect the 8% block subsidy currently allocated to the existing Zcash Community Grants (ZCG) program toward new development and a legal defense fund. The proposal says the funds would be locked until the third halving, with specific uses to be determined later through a separate ZIP. It also calls for about 50,000 ZEC, or roughly 55% of ZCG’s holdings, to be moved to an unusable address. The proposers said ZCG’s assets are worth about $125 million after ZEC’s price rise, and annual new grant funding is more than seven times spending. The proposal remains at the draft stage, and no decision has been made on whether to adopt it.

Ogle, an adviser to World Liberty Financial (WLFI), said on X that crypto security firm Blockaid had issued security warnings about some websites, and urged users of flap.sh, Kintsu and Clutch Markets not to connect their wallets to those sites for the time being.

A Binance hacker has been repeatedly carrying out complex onchain transfers to evade fund tracking, according to blockchain analytics firm Onchain Lens. Onchain Lens said the hacker has been using automated trades to split stolen funds across multiple wallets, return part of the funds to previously used addresses, and then send them again to new addresses, making the money trail more difficult to follow. More recently, 120 million TRX, worth about $38.78 million, was transferred and then further dispersed across multiple addresses.

Japan-listed Eole has decided to sell all 151.21 Bitcoin it holds, CoinPost reported. The company expects proceeds of about 1.831 billion yen ($11.62 million) and an estimated loss of about 254 million yen. Eole may sell the BTC in installments from Oct. 30 through late November, and plans to prioritize the funds for its AI data center and AI computing infrastructure business in early December.

About $1.07 billion worth of cryptocurrency flowed into 34 casinos in Cambodia’s Sihanoukville from Jan. 1 to Sept. 7 this year, according to blockchain analytics firm TRM Labs. Of that total, $687 million, or 64%, went to casinos linked to networks sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control, TRM Labs said. More than $320 million flowed to three casinos tied to sanctioned networks even after the sanctions were imposed. TRM Labs added that 99.9% of total inflows were USDT on the Tron network. TRM Labs said casino inflows have declined amid a crackdown by Cambodian authorities, but cryptocurrency cash-out activity through local casinos and money changers is still continuing.