According to CoinMeta, CryptoMichNL indicates that today the market has experienced an extremely interesting day. The entire industry successfully dealt with a $6.5 billion hacker attack on Binance, which is by far the largest of its kind. Although the market as a whole fell by 1.50%, most altcoins rose by 5-15% against Bitcoin, which shows a strong signal for the market.

According to CoinMeta, the Nasdaq 100 index fell 3.5% on Friday, currently about 9% below its all-time high. This was the worst day for Nasdaq since June, with at least 18 major tech stocks entering a bear market from their 52-week highs, including SpaceX (down 40%), Oracle (down 50%), and Intel (down 53%). The CEO of Reddit stated that Google's AI model "did not drive traffic," leading to a 29% plunge in Reddit on Friday. Alphabet experienced its worst day ever on Thursday, with a market value evaporating by approximately $475 billion. Alphabet fell 12.6% after its financial report was released, Intel fell nearly 29%, Roblox fell 18%, and Sandisk fell 13%. Amazon reported negative free cash flow of $42.4 billion over the past 12 months, while maintaining its capital expenditure plan of $220 billion for 2026. Investors shifted from AI stocks to defensive industries, with Walmart, Coca-Cola, and Procter & Gamble all seeing gains. "Black October" is coming to an end, and large tech stocks are generally declining.

According to CoinMeta, Ledger's Chief Technology Officer Charles Guillemet issued a warning in a post on October 30th, stating that two new cryptographic breakthroughs have raised concerns about the future of Bitcoin and other cryptocurrencies. Researchers from Ruhr University and the Max Planck Institute for Security and Privacy published a new study proposing a sub-exponential time algorithm that could potentially solve the elliptic curve discrete logarithm problem more efficiently. Although this algorithm does not pose a risk to current encryption schemes yet, it serves as a reminder that the resources required to crack common encryption methods are continuously decreasing. Additionally, French quantum computing companies Alice and Bob published a new paper estimating that theoretically, less than 30,000 physical qubits could be used to crack Bitcoin's secp256k1 encryption in about an hour. Although these figures are estimates for advanced fault-tolerant quantum computers that do not yet exist, they highlight the potential threat of quantum computing attacks.

According to CoinMeta, the latest data for Chainalysis shows that nearly 89% of the reported crypto hacking losses in 2026 were related to North Korea, a significant increase from 15% in 2021. This data reflects the increasingly rampant hacking activities of North Korea in the crypto field.

CoinMeta data: The latest reading for the ETH DVOL index is 55.3 points.

According to CoinMeta, Trump stated that inflation has significantly declined and incomes are rising. Meanwhile, Federal Reserve Chairman Kevin Warsh holds a more cautious assessment, saying that prices are still too high. Trump pointed out that the United States is entering a "golden age" and predicted lower inflation and stronger incomes before the midterms. However, the Federal Reserve indicates that inflation is still above its long-term target of 2%. Warsh noted that Americans are still dealing with inflation that has been higher than the Fed's target for nearly six years and added that energy and related prices have risen again recently. Fed officials pointed out that sources of price pressure include earlier increases in tariffs, rising energy and input costs related to geopolitical tensions, as well as increases in consumer goods prices associated with the development of artificial intelligence. The Federal Open Market Committee maintained the benchmark interest rate at 3.75% to 4% unchanged, stating that additional economic data will help determine the appropriate policy stance. The Fed reiterated its commitment to bring inflation back to 2%, indicating that policymakers have not yet declared victory in price stability. Nevertheless, the market has performed strongly in 2026, with the S&P 500 index rising by about 12.6%, the Nasdaq Composite Index by about 12.7%, and the Dow Jones Index by about 8.2% so far this year.

According to CoinMeta, He Yi, co-founder of Binance, stated that in this hot wallet theft incident, the net affected funds amounted to over three billion US dollars, accounting for more than 2% of user assets and publicly reserved assets.

According to CoinMeta, approximately 699.5 BTC were transferred from the Paxos address to an unknown wallet, valued at around $53.74 million based on current prices. This transaction has been confirmed in Bitcoin block 973871.

According to CoinMeta, an unknown address borrowed 115 million USDC at a floating interest rate from AAVE V3 at 04:29.

CoinMeta data: The total market value of the crypto market is 2.61 trillion US dollars, with trading volume in the past 24 hours amounting to 123.953 billion US dollars.

According to CoinMeta, as monitored by Whale Alert, an unknown wallet has just transferred 699 BTC coins, which are valued at approximately $53.7367 million based on real-time prices.

According to CoinMeta, as monitored by Whale Alert, 115,000,000 USDC (approximately $115 million) were transferred to an unknown wallet.

According to CoinMeta, the UK Maritime Trade Operations Office, after verifying the information from its sources, reported that an oil tanker was hit by an unidentified projectile while passing through the Strait of Hormuz.

CoinMeta data: BTC The amount of margin calls in the past 24 hours is approximately 249 million US dollars, with 9,604 margin call orders recorded. This represents a 21.16% increase compared to the same period snapshot from 24 hours ago; and a 779.32% increase compared to the same period snapshot from 7 days ago.

According to CoinMeta, the U.S. Commodity Futures Trading Commission (CFTC) has recently issued several statements: As of the week ending October 27th, natural gas speculators increased their net short positions by 69,232 contracts in the four major markets of NYMEX, ICE, bringing the total to 196,133 contracts. At the same time, speculators increased their net short positions in CBOT U.S. 10-year Treasury futures by 17,245 contracts to 981,538, and increased their net short positions in CBOT U.S. 2-year Treasury futures by 152,693 contracts to 1,009,476.

CoinMeta data: The long-to-short account ratio over the past 4 hours is 2.76, with a higher number of net long accounts than net short accounts. This represents an increase of 0.9586 compared to the same time frame snapshot from 24 hours ago, and a rise of 0.6753 when compared to the snapshot from 7 days ago.

According to CoinMeta, at the close of trading on Friday in the U.S. stock market, the three major stock indices closed lower. The Dow Jones Industrial Average fell by 1.09%, the S&P 500 Index dropped by 1.82%, and the Nasdaq Composite Index declined by 2.86%. The Philadelphia Semiconductor Index saw an even larger decline, reaching 7.2%. Among individual stocks, Intel fell by 28.58%, Sandisk by 14.1%, Qualcomm by 11.12, AMD by 10.88%, Micron Technology by 5.3%, NVIDIA by 4.22%, Amazon by 1.41%, and Google by 1.4%. The Nasdaq China Golden Dragon Index fell by 0.28%, Baidu by 2.86%, and Alibaba by 1.54%.

According to CoinMeta, according to the weekly cryptocurrency holdings report published by CME, this week BTC held 20,791 coins, a decrease of 1.18% from the previous week, and ETH held 28,068 coins, a decrease of 0.97% from the previous week.

According to CoinMeta, Trump stated that he is paying attention to the Binance hack incident.

According to CoinMeta, the stock price of Reddit plummeted by 30.44% on Friday to $90.15 due to a warning from CEO Steve Huffman that Google's AI search-driven feature was reducing traffic and could potentially shrink the platform's user base. Despite the company reporting strong third-quarter performance, revenue forecasts for the current quarter fell short of expectations. Reddit's third-quarter revenue increased by 53% year-over-year to $895 million, with advertising revenue growing by 54% to $847 million and net revenue reaching $283 million. Nevertheless, Reddit reported 130.3 million daily active users, which was lower than analysts' expected 134 million. In the United States, the number of users actually decreased by 2% to 50.7 million, raising doubts among investors about whether the platform can maintain growth. Huffman stated during the financial report conference call on Thursday that Google search recommendations traffic decreased by more than 1 million times per week in October, and this downward trend accelerated at the end of the third quarter. If this trend continues, Reddit's daily active users may decline by double-digit percentages in the fourth quarter.