CoinDiary

"BITCOIN REBOUNDS FROM SEVEN-WEEK LOW BELOW $76K AMID US POLITICAL SHIFT" Bitcoin dropped to a seven-week low of $75,618 following the Democratic Party’s victory in the US midterm elections, before recovering toward $78,000. The sharp decline triggered significant liquidations, with nearly $288 million in crypto long positions wiped out over 24 hours. Market analysts attributed the volatility to investor reactions to the changing US political landscape and broader economic uncertainty. Despite the rebound, Bitcoin continues to face resistance around the $78,000 level. Analysts warn that the 50-week moving average, currently near $75,733, remains a crucial support level for maintaining its upward trend. A sustained break below this level could expose Bitcoin to a deeper market correction.

"DEMOCRATS TARGET TRUMP AND TECH GIANTS WITH LEGAL SCRUTINY AFTER MIDTERM WINS" Following their midterm election victory, Democratic lawmakers have announced plans to investigate major technology companies and scrutinize US President Donald Trump's business dealings. Several lawmakers warned that Big Tech executives could face subpoenas and congressional hearings when the new Congress begins in January. Senator Ed Markey indicated that technology leaders should prepare for extensive congressional questioning. Incoming House Oversight Committee chairman Robert Garcia also signaled investigations into alleged corporate corruption, Trump's business interests and government-related controversies.

"TRUMP-LINKED CRYPTO ASSETS SLUMP FOLLOWING DEMOCRATIC MIDTERM SWEEP" Trump-linked cryptocurrencies suffered sharp losses following the Democratic Party’s victories in the US midterm elections, even as the broader crypto market rallied. Official Trump (TRUMP) plunged 17% to $1.33, while World Liberty Financial (WLFI) declined more than 7% to $0.047. The election results could complicate Trump's crypto-related plans and bring increased scrutiny to his family's digital asset businesses. Meanwhile, Bitcoin surged over 4% to around $80,500, while Ethereum gained 6%, reflecting a broader market recovery. Other politically associated tokens, including MELANIA, also recorded significant declines, highlighting weakening investor confidence in political cryptocurrencies. Analysts suggest these tokens are more vulnerable to political developments and changing investor sentiment than established digital assets. The election outcome could also influence the future of US crypto legislation, particularly the stalled CLARITY Act and proposed conflict-of-interest regulations.

"DEMOCRATS ASSERT SENATE CONTROL IN MAJOR US POLITICAL CLAIM" Democrats have secured control of the US Senate after winning several previously Republican-held seats, potentially reshaping the future of cryptocurrency regulation. The shift could significantly affect the stalled CLARITY Act, committee leadership and congressional oversight of the crypto industry. Democratic lawmakers may also increase scrutiny of Trump-linked crypto businesses and influence future appointments to key financial regulatory positions. Industry experts believe the legislation will require bipartisan support to move forward, particularly after failing a Senate procedural vote in September. Analysts suggest that stronger consumer protection measures and conflict-of-interest rules could become central to future crypto legislation. However, industry leaders warn that turning cryptocurrency regulation into a partisan issue could slow innovation and create further uncertainty for the US market.

"SPACEX OPPOSES OKX LISTING AS TOKENIZED STOCK DEMAND GROWS" SpaceX has formally objected to plans by OKXICE to introduce tokenized versions of its shares, joining 56 other companies opposing the proposed listings. The move comes as tokenized SpaceX shares have gained significant popularity on offshore crypto platforms since June. The proposed OKXICE platform, backed by crypto exchange OKX and Intercontinental Exchange, aims to bring tokenized stock trading to US investors under a new SEC regulatory framework. The framework allows companies to challenge third-party token listings before they become available for trading. Meanwhile, SpaceX-linked tokens on Backpack and Kraken recorded substantial trading volumes, exceeding $1 billion and $852 million respectively in June. Critics, including Nasdaq, have warned that tokenized stocks could fragment market liquidity and weaken traditional shareholder value. Despite growing opposition, OKXICE expects adoption of tokenized securities to expand as companies recognize their potential benefits.

"BITCOIN FACES $77.7K SUPPORT BREAKDOWN AS RECENT BUYERS SLIP INTO LOSSES" Bitcoin is facing increased downside pressure after falling below the $77,700 cost basis of investors who purchased BTC one to three months ago. Onchain data suggests this level could now turn into resistance as recent buyers move into unrealized losses. Analysts identify $68,400 as a potential support zone, representing an estimated 12% loss for this investor group. Bitcoin is also approaching the short-term holder realized price of $75,832, another important level for market stability. If prices fall further, investor profitability could weaken, increasing the risk of selling pressure and short-term market capitulation. Historically, similar declines have been followed by recovery attempts, making these price levels crucial for Bitcoin's next market direction.

"BINANCE OPENS SECOND WITHDRAWAL PHASE AS EXCHANGE OUTFLOWS EASE" Binance is preparing to launch the second phase of cryptocurrency withdrawals on Tuesday, following the initial reopening on November 1 after the $6.3 billion hack. Additional assets will gradually become available from 04:00 UTC as security and readiness checks are completed. The exchange is prioritizing tokens based on recent user demand, with major networks including Ethereum, Solana, BNB Chain, Tron and Arbitrum included in the rollout. Binance has also restored withdrawals for several fiat currencies, while deposits remain fully available. Meanwhile, exchange outflows have slowed, with net withdrawals falling to $2.57 billion on Monday from $6.1 billion the previous day. Binance has also warned users about scammers impersonating the exchange and offering fake withdrawal assistance or priority processing services.

"AUSTRALIA HIKES INTEREST RATES TO 18-YEAR HIGH AS AI BOOM FUELS INFLATION" Australia’s central bank has raised its benchmark interest rate by 25 basis points to 4.85%, marking its highest level in 18 years. The Reserve Bank of Australia (RBA) cited rising energy prices and increased investment in artificial intelligence as key drivers of inflation. The decision was approved by a 6–3 vote, with three members favouring no change. The central bank warned that inflation could remain elevated through much of 2027, delaying its forecast for inflation to return to the target range. Australian Treasurer Jim Chalmers said the rate hike would create further financial pressure on households and businesses. The move contrasts with the US Federal Reserve, which recently decided to keep interest rates unchanged despite similar concerns over AI-driven costs.

"NORTH KOREA DENIES BINANCE HACK ALLEGATIONS, BLAMES US" North Korea has denied allegations of involvement in the $6.3 billion Binance hack, with Kim Yo Jong rejecting the FBI’s claims against the country. She described the accusations as politically motivated attempts to damage North Korea’s international reputation. Kim also suggested, without providing evidence, that the United States could be linked to the theft. The FBI had attributed the attack to a North Korean-backed hacking group known as TraderTraitor. However, blockchain intelligence firms TRM Labs, Chainalysis and investigator ZachXBT have also linked the incident to North Korean hackers. Investigators cited similarities with previous cyberattacks, including suspicious transactions and cryptocurrency laundering activities. The allegations remain disputed, with North Korea continuing to deny any involvement.

"BTCPAY SERVER WARNS OF HOT WALLET THEFT RISKS FROM OUTDATED SOFTWARE" BTCPay Server has warned operators to shut down their servers after reports of unauthorized attackers draining funds from users’ hot wallets. Its investigation identified a potential attack targeting outdated software versions 2.4.1 and earlier, while no credible wallet theft reports have been linked to the latest version 2.4.7. The platform has urged all operators to update their installations to the latest release to protect their funds.

"BINANCE OPENS FIRST WITHDRAWAL PHASE FOLLOWING $6.3B HACK" Binance has begun reopening withdrawals in phases following the massive $6.3 billion hack attributed to North Korean hackers by the FBI. The exchange confirmed that Bitcoin (BTC) network withdrawals have been restored as the first phase of its recovery process. Binance plans to gradually reopen other networks and assets based on user demand, while completing necessary security and stability checks.

"FBI BLAMES NORTH KOREA FOR HISTORIC $6.3B BINANCE HACK" The FBI has accused North Korea of stealing approximately $6.3 billion in digital assets from cryptocurrency exchange Binance. The agency identified the cyberattack as part of a North Korean hacking campaign known as “TraderTraitor.” Investigators observed the stolen funds being converted primarily into Ethereum, with further laundering expected through DeFi platforms and instant swap services.

POLYMARKET HALTS TRADING AFTER THIRD-PARTY SECURITY BREACH! Prediction market platform Polymarket temporarily suspended trading after discovering a security incident involving one of its third-party service providers. The incident triggered a major outage in its Predictions Trading API, forcing the platform to switch to "cancel-only" mode. This meant users could cancel existing orders, but placing new orders or executing trades was temporarily unavailable. The disruption came after several users claimed that funds had disappeared from their accounts, with some alleging that their positions were sold without authorization. Blockchain analytics reports also identified a suspected attacker wallet holding approximately $2.65 million worth of POL tokens following the incident.

BINANCE HACK SENDS CRYPTO MARKETS INTO A SPIRAL! BNB FALLS 8%, BITCOIN NEARS $77K! The massive security breach involving Binance has sent shockwaves through the cryptocurrency market, triggering a sharp sell-off across major digital assets. As news of suspicious multibillion-dollar transactions involving Binance-linked wallets spread, investor confidence took a hit. BNB, the native token of BNB Chain, plunged approximately 8.2% to around $693, while Bitcoin dropped nearly 4.8%, trading close to $77,131. Ether also declined by approximately 5.7% to around $2,217. The broader market experienced significant selling pressure, with decentralized finance tokens taking a hit as well. Aave fell around 11.3%, while Uniswap's UNI dropped approximately 10.4%.

BINANCE LINKED WALLET FACES MASSIVE $6.3B SECURITY CRISIS! Binance is investigating a massive security breach after suspicious transactions involving its Ethereum-linked wallets raised alarms across the crypto community. The exchange initially faced concerns over unauthorized transfers, with blockchain security firms identifying billions of dollars in suspicious activity. Binance's investigation points to a compromised DevOps engineer's laptop, which may have allowed attackers to access internal systems and authorize unauthorized withdrawals. Interestingly, Binance said it found no evidence that wallet private keys were leaked. The exchange has estimated the total impact at approximately $6.3 billion, while around $3 billion in assets have reportedly been frozen through cooperation with blockchain security firms, stablecoin issuers and other industry players.

Canada’s ‘Crypto King’ Faces Up to 14 Years in Prison! The criminal trial of Aiden Pleterski, a Canadian influencer who called himself the “Crypto King,” is nearing a crucial turning point as the jury prepares to deliberate on fraud charges. Pleterski is accused of defrauding social media followers of approximately $30 million through an alleged cryptocurrency investment scheme between 2021 and 2022. He was charged with fraud in 2024 and has been awaiting trial for more than two years. The case has drawn attention to the risks investors face when trusting individuals who promise opportunities in the crypto market.

Crypto Wallet Warning: Singapore Users Lose $2.7M! A major crypto security alert has emerged in Singapore after police reported that users lost approximately 3.5 million Singapore dollars, or $2.7 million, in incidents involving allegedly tampered Ledger hardware wallets. According to the Singapore Police Force, at least two cases had been reported since September 10. Preliminary investigations found malicious hardware components in wallets purchased from certain retail stores, raising serious concerns about the safety of devices designed to protect cryptocurrency.

Bitcoin ETFs Bounce Back With $424M in Inflows! Bitcoin investment funds are showing signs of recovery! US-listed spot Bitcoin ETFs attracted $137 million on October 28, extending their inflow streak to three consecutive trading days. Over this period, the funds recorded approximately $424 million in total inflows, pushing October’s net inflows back into positive territory at $111 million. This turnaround comes after nearly $774 million flowed out of these funds during the final two trading days of the previous week. However, the recovery comes amid mixed market signals. The US Federal Reserve kept interest rates unchanged at 3.75%–4%, while concerns about inflation continued to weigh on investor sentiment. Bitcoin’s price remained under pressure despite the renewed ETF demand. Meanwhile, spot Ether ETFs faced continued withdrawals, losing another $21 million on Wednesday and bringing their October net outflows to approximately $1.35 billion.

Bitcoin ETFs See $286M Comeback as Investor Sentiment Recovers! Bitcoin is seeing renewed interest from investors as US spot Bitcoin ETFs recorded $176 million in net inflows on October 27, marking their second consecutive day of positive flows. Monday had already brought in $110 million, taking the two-day total to $286 million. This recovery follows nearly $774 million in withdrawals on Thursday and Friday, showing how quickly investor demand can shift in the crypto market. The renewed inflows helped reduce October’s net ETF outflows to around $26 million. Meanwhile, the Crypto Fear & Greed Index climbed to 51 from 48, remaining in neutral territory and suggesting a modest improvement in market sentiment. Bitcoin was trading near $80,818 at the time of publication. However, the picture was less encouraging for Ethereum: US spot Ether ETFs recorded approximately $149 million in outflows across Monday and Tuesday, taking their October withdrawals to $1.32 billion. While Bitcoin investment products are showing signs of recovery, Ethereum funds continue to face pressure. The big question now is whether Bitcoin’s ETF inflows can sustain their momentum and strengthen market confidence in the days ahead.

Coinbase Customer Data Exposed, But Was the Exchange Hacked? Coinbase has confirmed that some customers’ contact information was exposed following a security incident involving Amplitude, an analytics provider used by businesses to understand user activity. According to Coinbase, the incident affected a small subset of its customers, as well as customers of other companies using the vendor. The disclosure raises fresh concerns about the risks of sharing customer data with third-party service providers. However, Coinbase says its own systems were not breached, and there is no indication that customer funds were affected. This means the reported incident involved a vendor’s data exposure rather than a confirmed direct hack of Coinbase’s systems. The exchange had not publicly confirmed the exact number of affected customers at the time of Cointelegraph’s report. The incident also comes amid other reported cybersecurity concerns across the financial sector, highlighting how data security risks can extend beyond the platforms customers directly use. For crypto users, the key takeaway is that even when an exchange’s core systems remain secure, third-party services can create additional privacy risks. Users should remain alert to unexpected emails, messages and calls claiming to be from Coinbase, and never share passwords or verification codes with anyone.