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Strategy founder Michael Saylor said on X that the cryptocurrency industry would learn from the latest Binance hack and emerge stronger and more resilient by strengthening security. Saylor added Binance had pledged to use its own balance sheet to fully compensate affected customers, and said he believed the exchange would follow through.

Uniswap, Andreessen Horowitz, and the DeFi Education Fund urged Illinois to exempt DeFi-related transactions from the state’s virtual-asset tax rules, The Defiant reported. The groups argued asset withdrawals to personal wallets and the use of bridges should be excluded from taxes levied based on asset value, and also called for removing a requirement that virtual-asset businesses keep records of private keys.

Major U.S.-listed crypto-related stocks are falling sharply amid the fallout from the Binance hot wallet hack. Coinbase (COIN) was down 12.4%, while Strategy (MSTR) slumped 11.9%.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,998.08 on the Binance USDT market.

Anchorpoint will introduce the Hong Kong dollar stablecoin HKDAP to the layer-one blockchain Solana, according to Solana. In HKDAP’s first public-network collaboration, the token will be issued and redeemed natively on Solana. It is expected to support near-instant settlement and be used across applications ranging from retail payments to tokenized assets.

Macro and energy analyst Doomberg said in an interview with Bitcoin Magazine that U.S. pressure on allies to hold Treasuries is fundamentally changing how global central banks calculate their reserve-asset portfolios. Doomberg said that in a liquidity crunch, investors sell the assets that can be offloaded immediately in the market rather than the assets they want to keep, adding that gold’s short-term weakness seen since late February also reflected unavoidable selling to secure liquidity. Over the longer term, however, Doomberg said deeper political and geopolitical dependence in foreign-exchange reserves is likely to spur demand for "Neutral Reserve Assets" that are not controlled by any single country. Doomberg said gold and Bitcoin could emerge as key assets to replace eroding trust between states and enter an "Extremely Bullish" long-term phase. Doomberg added that younger generations more familiar with the internet are increasingly likely to adopt Bitcoin over gold as a practical store of value.

The three major U.S. stock indices opened lower today. - S&P 500: -1.1% - Nasdaq: -2.2% - Dow Jones: -0.2%

The Canton Foundation has added Taiwan Depository & Clearing Corporation (TDCC) as a foundation member, according to privacy blockchain for institutional finance Canton (CC). The foundation also announced a memorandum of understanding with the Institute for Information Industry and a partnership with DAFCMAT.

DefiLlama said a total of 322 officially confirmed hacking and exploit incidents have been recorded across the crypto ecosystem from January 2026 through now, already far more than double the full-year total for 2025 with two months still left in the year.

Ronin, an Ethereum sidechain for P2E games, said Ronin Waypoint will shut down at 3:00 p.m. UTC on Oct. 31. After logging in, users can check labels in their wallet list to see whether any assets need to be moved. Wallets marked "Keyless" are Ronin Waypoint wallets, and users should check whether any remaining assets need to be transferred before the shutdown. Wallets marked "Ronin Wallet" are seed phrase-based wallets, and assets in those wallets do not need to be moved.

Scroll disclosed the contents of its October DAO monthly meeting, including discussions on a potential shift to a permissioned network and the migration of SCR and USX to the Ethereum mainnet. The project plans to release detailed proposals later, and any transition plan will be subject to DAO governance review. Scroll is also preparing a website to help users check their holdings and positions and safely migrate or withdraw assets during the transition.

A $6.3 billion hack at Binance may temporarily delay altcoin sales by cryptocurrency project teams, venture capital firms and related wallets, according to ZeroHedge. ZeroHedge said project teams, VCs, insiders and affiliated wallets could become more cautious about selling their token holdings to avoid adding further selling pressure to the market. With uncertainty rising across the market after the hack, concerns that large-scale token sales could deepen the shock may affect the timing of those sales, it added.

BNB Chain said a security incident being handled by Binance and related teams has not affected BNB Smart Chain, opBNB, BNB Greenfield or the BNB Chain bridge. All of those services are operating normally, and funds on BNB Chain are safe, it said.

According to a post shared by Zcash, 61.3% of observed Zcash mainnet nodes are signaling support for NU7. The post urged Zcash node operators to check the version they are running.

Stablecoin issuer Tether has formed a strategic partnership with global exchange CoinW and officially launched the 'Tether’s Ark' initiative. The project centers on XAUT, or Tether Gold, Tether’s real-world asset token pegged one-to-one to physical gold. Amid rising volatility in the digital asset market following major security breaches and broader macroeconomic uncertainty, the two companies plan to offer users an onchain hedging tool with safe-haven characteristics and expand access to gold-based financial products.

Dragonfly Managing Partner Haseeb Qureshi said market reaction to Binance’s $6 billion breach showed a fundamentally different level of maturity from the response to FTX’s collapse. He pointed to the fact that the losses were only 25% smaller than FTX’s funding shortfall, which previously helped push the market into disarray, yet major assets including Bitcoin posted only single-digit declines and held up relatively well on the downside. Amid broader macroeconomic tightening pressure, large-scale capital outflows remained limited, while dip buying and the rebound resilience of directly affected tokens also stood out, Qureshi said. He added the market was showing firm confidence in Binance’s financial soundness and ability to cover losses, and said close coordination among industry partners and Binance’s pledge to repurchase tokens on a one-to-one basis helped contain fear early. Qureshi said the industry’s ability to absorb and cushion a single negative shock that in the past might have led to systemic collapse marked a watershed in the digital asset ecosystem’s development.

Seven brokerages, including Jefferies, Mizuho, Barclays and Wells Fargo, lowered their price targets on Coinbase (COIN), according to Walter Bloomberg. - Jefferies: $183 to $174 - Mizuho: $145, with the previous target not disclosed - Barclays: $149 to $120 - Wells Fargo: $200 to $174 - Canaccord: $300 to $275 - Needham: $205 to $197 - Compass Point: $187 to $165

Binance founder Changpeng Zhao said on X that, aside from the coin recovery effort already underway, Binance naturally accumulates all listed tokens because users pay trading fees in the coins they trade. Zhao added, "SAFU!," indicating user funds are safe.

Bitcoin network mining difficulty rose 5.54%, pushing mining profitability to its lowest level since August, CryptoSlate reported. The network’s 14-day average hash rate fell 23% from its October 2025 peak through February 2026, then rebounded about 21% over the following 102 days to recover to within 6% of its all-time high. Higher mining power raises the cost of attacking the Bitcoin network, strengthening security.

Large institutions and professional traders rushed to buy put options as short-term downside hedges immediately after Binance’s $6.3 billion on-chain breach, according to a CoinDesk analysis. Derivatives liquidity network Paradigm said a block trade for 250 BTC put option contracts with a $78,000 strike, worth about $20 million, was executed just 15 minutes after the first wallet outflow from Binance and before any official announcement. Three minutes later, the same contract traded again at a 35% higher premium, indicating concentrated demand for downside insurance. Over the eight hours following the incident, BTC options block-trade volume on Paradigm reached $590 million, about half of the volume on Deribit, the world’s largest options exchange. Experts focused on the fact that the buying was concentrated in puts with strikes between $74,000 and $78,000, just below the spot price of around $80,000, with expiries in late October and mid-November. CoinDesk said this suggested practical "Conviction hedging" against a short-term correction rather than positioning for an extreme crash.

Zcash said it plans to implement the NU7 network upgrade on Nov. 6. The upgrade is set to reduce block generation time to 25 seconds from 75 seconds and more than double shielded transaction throughput. Zcash also urged wallet updates. Vizor said it has completed preparations for NU7 support and users should use the latest version.

Binance founder Changpeng Zhao said on X that traditional finance, or "TradFi," fell much more sharply than crypto today, while Bitcoin’s resilience was striking. Zhao said traditional market sell-offs often spill into crypto as investors sell assets to raise cash, but BTC’s ability to hold up was remarkable.

A cutting-edge AI security audit of the Bitcoin protocol found only a small number of vulnerabilities, according to Trustnodes. Coinbase Chief Security Officer Jeff Lunglhofer said AI models identified two minor issues, while a separate research team at Block, led by Jack Dorsey, used AI to find one medium-severity vulnerability. The vulnerability reportedly works only on non-Linux platforms and involves a malicious peer sending TCP urgent out-of-band data to exhaust a node’s memory. The other two issues involved higher memory usage caused by a peer queue while a node is paused and a rare problem during blockchain reorganization, or reorg, according to the report. The audit used multiple AI models, including Kimi K3, Mythos 5.1, OpenAI’s Daybreak Red and Cyber Unlocked Fable. All findings were cross-validated using different models, and candidate vulnerabilities were further tested by linking attack scenarios, developing exploits and verifying them.

U.S. President Donald Trump said the war with Iran will end soon, "one way or another."

HTX DeepThink columnist and HTX Research analyst Chloe said short-term risk appetite in the crypto market has weakened as concerns over macroeconomic tightening coincided with the Binance hack. Chloe added political uncertainty ahead of next week’s U.S. midterm elections could heighten market volatility. Chloe expects Bitcoin to trade in a volatile range with a weaker bias next week, with $77,000 as a key level to watch in the short term. If uncertainty tied to the hack eases and net ETF inflows continue, BTC could attempt a rebound toward $80,000-$82,000. If panic selling persists and leveraged liquidations spread, however, Bitcoin could fall to $75,000 or lower.