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Magyar29 Oct 2026
More than $2 billion left Binance hot wallets for a Tornado Cash linked address, Tether froze $971 million and liquidations hit $628 million in an hour as Bitcoin fell toward $78,300. Polymarket paused trading after an exploit, and KuCoin left Russia.
Markets TradeReviewed News Desk
The stories that mattered for crypto traders on Thursday, October 29, 2026.
Binance outflow and market crash
- Over $2 billion leaves Binance hot wallets. A fresh address triggered from a Tornado Cash funded wallet received ETH and dozens of tokens. Tether froze $971 million in USDT, and Binance had not confirmed a hack at the time of writing. (BeInCrypto; our full story)
- $628 million liquidated in an hour. Bitcoin briefly fell to about $78,300 and Ether under $2,240 as the outflow hit, with 97% of liquidations on longs. (BeInCrypto; our full story)
- Bitcoin had already slipped under $80,000 in Asia. Samsung shares fell more than 5% and the Fed’s hawkish hold weighed on risk assets earlier in the day. (CoinDesk; our full story)
- $11 billion in Bitcoin options expire Friday. Max pain on Deribit sits at $78,000, close to where the selloff took price tonight. (Decrypt; our full story)
Security
- Polymarket pauses trading after an exploit. The exchange went cancel-only after users reported unauthorized withdrawals. Polymarket says a third-party provider was compromised and affected users will be made whole. (Decrypt; our full story)
Exchanges and regulation
- Lagarde leaves the ECB early. She steps down on February 7, 2027. Her exit does not by itself give Binance an EU license. (European Central Bank; our full story)
- KuCoin exits Russia and Belarus. Service stopped with immediate effect, following Bitget and MEXC. (BeInCrypto; our full story)
- Coinbase applies for a Brazil license. It filed with the central bank a day before the deadline and expects no service disruption. (Cointelegraph; our full story)
- HTX settles with the UK FCA. It promised the High Court not to knowingly run unlawful UK promotions. (Cointelegraph; our full story)
ETFs, flows and institutions
- Bitcoin ETFs log a third inflow day. $137 million on Wednesday turned October net flows positive, while Ether ETFs kept bleeding. (Cointelegraph; our full story)
- NYSE owner eyes Hyperliquid perps in the US. ICE plans a US market for Hyperliquid perpetual futures; no launch date was given. (BWEnews (FulcrumNews headline); our full story)
- Polygon brings its payments stack to Solana. Businesses on Solana get one integration for bank funding, wallets and payouts. (Decrypt; our full story)
What it means for traders
Tonight’s move shows how fast an unconfirmed headline can wipe out leveraged longs. Keep position sizes sensible, avoid keeping everything on one venue, and wait for Binance’s official statement before acting. Compare security and fees in our crypto exchange comparison, with the BingX review (number 1) and OKX review (number 2). For information only, not investment advice.
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