30 Oct 2026
Trump and the CFTC weighed in on the $6.3 billion Binance hack as withdrawals stayed paused, US stocks lost $1.8 trillion and Bitcoin hovered near $77,000. Tether reported a $1.5 billion quarter and Apple passed Nvidia.
Markets TradeReviewed News Desk
The stories that mattered for crypto traders on Friday, October 30, 2026.
Binance hack reaches Washington
- Trump weighs in, CFTC wants offshore exchanges to register. President Trump said he is looking into the $6.3 billion Binance hack, while CFTC Chair Michael Selig said it proves offshore exchanges need US oversight. The Digital Chamber urged Congress to give the CFTC authority over exchanges. (The Block; our full story)
- North Korea’s TraderTraitor blamed for the $6.3 billion theft. Binance says a compromised engineer’s laptop let attackers push through unauthorized withdrawals, with roughly $3 billion frozen so far. Analytics firms including TRM Labs tie the attack to TraderTraitor. (our full story)
- Binance targets withdrawals within about 48 hours. Crypto withdrawals stay paused while deposits work normally, and Binance puts the total impact at around $6 billion. Restart times are estimates, not guarantees. (CryptoSlate)
- Ripple moves about $389 million in XRP right after the freeze. Whale Alert flagged three Ripple-linked XRP transfers within minutes. Ripple has not explained them. (our full story)
Markets
- $1.8 trillion wiped off US stocks. The Nasdaq closed down 2.85%, the S&P 500 down 1.84% and the Dow down 1.11% as weak tech guidance revived AI spending fears. (FirstSquawk)
- Bitcoin risks its worst October in 12 years. BTC hovered near $77,000 after touching its lowest level since September 18, and gold fell as low as $3,891, its weakest in a year. (Cointelegraph)
- Apple passes Nvidia as the most valuable company. Apple’s market cap reached about $5.03 trillion against Nvidia’s $4.94 trillion. (Cointelegraph)
Industry
- Tether posts $1.5 billion Q3 profit. Excess reserves nearly doubled to $7.95 billion, with $132.4 billion in US Treasury exposure and Bitcoin reserves worth $8.37 billion. (Cointelegraph)
- Trezor flags a suspected hardware implant. A Trezor Safe 5 bought via reseller CryptoBilis, the shop tied to the tampered Ledger case, is under scrutiny. Buyers from that seller are urged to move funds to a fresh seed. (our full story)
- Solana backs a Hong Kong dollar stablecoin. Solana Foundation signed with Anchorpoint Financial, backed by Standard Chartered Hong Kong, HKT and Animoca Brands, to launch HKDAP. (our full story)
- MEXC exits France. It is the exchange’s fourth country exit since September after the Netherlands, Russia and Belarus, with French positions closed by January 22, 2027. (CryptoSlate)
- Polymarket adds gold and silver markets. New 15-minute up/down markets on both metals use Chainlink as the oracle. (Polymarket)
What it means for traders
Binance withdrawals are still paused going into a thin weekend, and US stocks just had a heavy risk-off day. That mix can mean sharp moves on low volume, so keep position sizes sensible and avoid keeping everything on one venue. 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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