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Bitcoin Falls 2.5% as Binance Hack Dominates, October 30, 2026

Bitcoin fell 2.5% to about $77,000 as the reported $6.3B Binance hack dominated news, while spot BTC ETFs logged a third straight day of inflows.

Daily recap BTCETHBNBXRPSOL

Bitcoin was priced at $77,022 on October 30, down 2.5% over 24 hours, and was the weakest of the large caps. Ether slipped 0.8% to $2,242.59, Solana lost 0.9% to $95.48, and Hyperliquid's HYPE fell 2.3% to $90.57.

Most other majors barely moved. BNB was flat at $700.17, XRP rose 0.9% to $1.2522, and Chainlink's LINK gained 1.4% to $11.227. Polkadot's DOT was the standout, up 6.1% to $0.977, though the supplied material gives no reason for that move.

The Binance hack drives the news flow

Cryptopolitan called the roughly $6.3 billion Binance hack the main market concern for traders. According to Cointelegraph, TRM Labs attributes the theft to North Korea's TraderTraitor group, and the on-chain investigator ZachXBT has linked stolen funds from both Binance and Bitget.

The Defiant reports that Binance says it has reserved more than $6.34 billion to cover the losses, and that withdrawals remain paused while the exchange overhauls its security. Co-CEO Teng told The Defiant the exchange aims to restart withdrawals on Sunday, with a full Proof of Reserves report promised by Monday.

Cointelegraph also reported that security experts do not think the Ethereum EIP-7702 upgrade caused the breach. They say it may have helped attackers get around withdrawal safeguards and made the losses larger. Separately, Cointelegraph said THORChain's RUNE rose 13% as calls grew for the protocol to step in against laundering. Standard Chartered, also via Cointelegraph, said the breach could speed a shift toward decentralized trading.

Cryptopolitan added a side note: CZ told Elon Musk it was a bad time to troll, pointing to Binance's roughly $500 million investment in the Twitter deal, which it said is now reportedly worth over $1 billion.

Other stories: lending strain, ETF flows, Strategy

The Defiant reported that Jupiter Lend is facing a liquidity crunch. It said only 3.35 USDC could be withdrawn against 418.5 million in deposit claims, which is delaying user withdrawals.

On the demand side, Bitcoin.com News said US spot bitcoin ETFs took in $137.33 million on Wednesday, the third straight session of inflows. Week-to-date additions topped $423 million, with BlackRock leading. The report reads this as steady institutional demand, though Thursday's flows were not in the material.

CoinDesk reported that Strategy CFO Andrew Kang is resigning while the company posts record operating income of $21 billion. It holds 848,517 BTC. CoinDesk also said XRP Ledger developers proposed fixes to tighten who can hold permissioned tokens, and the foundation said no users were affected.

Decrypt reported that Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion even if the software allowed the transaction. That clears the way to extradite an alleged Nomad Bridge exploiter to the US over a reported $2.8 million theft.

Sentiment and what to watch

The Fear & Greed index read 51, Neutral. No figures for yesterday or last week were available, so there is no trend to read. The visitor poll showed 100% bullish on BTC, but that came from a single vote and says little about the crowd.

The next checkpoints come from Binance. Traders will watch whether withdrawals restart on Sunday as Teng said, and whether Monday's Proof of Reserves report confirms the coverage Binance has described. Those are company targets, not guarantees.

Sources

Written with AI assistance from the sources above and checked against them. Not investment advice.

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