News linked to both this project and an event.
Odaily Report: According to monitoring by on-chain analyst Yu Jin, a diamond-handed whale who held positions for nearly 4 months just closed BTC and ETH long positions worth $100 million, making a profit of $17.78 million, and then opened a short position on 20,000 ETH at a price of $2,228, worth $44.6 million. In early July, the whale went long on 1,000 BTC at a price of $62,353 and went long on 10,000 ETH at a price of $1,762.
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
Data from Trader T shows that US Bitcoin spot ETFs recorded a net inflow of $17.06 million yesterday. BlackRock IBIT saw a net inflow of $12.8 million, Fidelity FBTC posted a net inflow of $10.53 million, and Bitwise BITB recorded a net inflow of $8.76 million; Grayscale Bitcoin Mini Trust experienced a net outflow of $15.35 million, and WisdomTree BTCW saw a net outflow of $3.84 million. During the same period, Ethereum spot ETFs recorded a net outflow of $105.51 million, with the cumulative net outflow for October reaching $1.45 billion, setting a single-month record high. Among these, BlackRock ETHA saw a net outflow of $71.7 million, BlackRock Staked ETH (ETHB) recorded a net outflow of $15.6 million, and Grayscale ETHE posted a net outflow of $15.54 million, while only Fidelity FETH achieved a net inflow of $2.9 million.
Bitcoin News posted on X that Kraken says users are experiencing issues connecting to the platform and submitting orders via web, mobile, and API services. After the Aave market was paused, an analyst cited Kraken's reportedly over $130 million exposure and speculated that it may face liquidity pressure. No liquidity crisis has been confirmed so far.
According to Lookonchain monitoring, whales are still buying BTC despite the market downturn. Over the past 4 hours, 9 newly created wallets received 1,900 BTC worth $148 million from Galaxy Digital.
Du Jun posted on X: "Family offices that I persuaded years ago to allocate BTC and ETH, after experiencing centralized exchange hacks and cold wallet supply chain security incidents, have one after another swapped their BTC for IBIT, and some simply sold their coins to buy physical gold and other traditional assets. I don't even know how to advise them anymore—it seems there's no solution."
According to Onchain Lens monitoring, a whale opened Bitcoin and ETH short positions after 3 months of inactivity, shorting 620.71 BTC (approximately $47.77 million) and 22,050 ETH (approximately $48.56 million) with 40x and 25x leverage respectively. The whale currently has an unrealized profit of $2.75 million, a profit of $2.69 million over the past 30 days, and a cumulative profit of $1.16 million.
Odaily reports: According to Lookonchain monitoring, after the Binance attack incident, a whale address 0x8add immediately shorted 22,047 ETH (approximately $48.89 million) and 620.7 BTC (approximately $47.89 million) at maximum leverage, with the two short positions totaling approximately $96.78 million in notional value. Currently, the trader's unrealized profit on these positions has reached $2.29 million.
Odaily Report: According to monitoring by Benson Sun, Coinkarma founder Benson Sun posted that in Binance's recent theft incident, the exchange has confirmed the freezing of approximately $2.5 billion in assets, accounting for about half of the total stolen amount, with the remaining assets primarily consisting of Bitcoin and ETH. The stolen Bitcoin is worth approximately over $1 billion, but Bitcoin lacks deep mixing pools similar to Tornado Cash, and the relevant addresses will be flagged by trading platforms and on-chain analytics firms, making it far more difficult to liquidate than ETH. Reviewing cases such as the 2016 Bitfinex stolen Bitcoin that remained untouched for years, and the approximately 1,800 BTC stolen from Coldcard in July this year with 90% still unmoved as of early September, Benson Sun stated that this theft is larger in scale, and splitting addresses, mixing coins, and then discounting through OTC trading could take years, with short-term selling pressure nearly zero. If Binance uses SAFU to compensate and replenish Bitcoin, it could instead create buying pressure. In contrast, large amounts of ERC-20 tokens converted into ETH and then deposited into Tornado Cash are harder to trace, and the amount that could genuinely translate into market selling pressure may be in the range of over $1 billion. Benson Sun believes that market confidence will be impacted, but the direct selling pressure on Bitcoin is not as large as imagined, and called on the industry to seriously address security arrangements for hot wallet management, signature authorization, and quantum resistance in the post-AI era.
Odaily reports: Trader Killa posted that he is still holding a BTC long position with an entry price of $76,400. Although a previous 15% unrealized gain has now been largely given back, his original target was a 75% to 100% return, so his current trading plan remains unchanged.Killa revealed that in his 10x leverage long strategy, the aggressive re-entry position at $82,800 will be stopped out at $74,000; if BTC drops to $74,000, he will reassess the market and consider establishing another 10x leverage long position. BTC is currently about 13% below its all-time high, possibly nearing the last major low of this cycle, and he expects the drawdown will not reach 20%. He specifically noted that the Binance FUD coincides with the timing of the U.S. midterm elections, and believes the current market panic may be the last bottoming-out before BTC begins a new significant rally.Amid market pressure and continuous FUD news, investors should stay calm and avoid making emotional decisions based on news or short-term price fluctuations. He stated that he will continue to hold the long position until the target price is reached or the stop-loss is triggered.
Odaily reports: According to monitoring by on-chain analyst Yu Zhan, Binance appears to have suffered a large-scale security incident in the early hours of today, with approximately $3.43 billion in assets stolen. This figure excludes about $2.43 billion in stablecoins that stablecoin issuers helped freeze.Among the stolen assets, the largest single item was 18,270 BTC, worth approximately $1.44 billion, and the relevant BTC has not yet been moved. Meanwhile, the hacker is converting other altcoins into ETH, and the ETH held has now reached approximately 467,000, worth about $1.06 billion.
Odaily report: A wallet suspected to be associated with the Binance hack incident received tens of thousands of ETH through a Uniswap contract and borrowed 19,762 ETH on Aave using approximately $60 million in USDT as collateral. On-chain records do not show any vulnerabilities in Uniswap or Aave.As of 22:07 UTC, the two wallets held approximately 253,000 ETH, worth about $570 million, with no outgoing transfers recorded. Aave has paused the Ethereum mainnet V3 market, and Kamino has also paused borrowing in the SOL/BTC market; Ripple has frozen approximately $200 million in RLUSD, and more than $2 billion in USDT and USDC has been frozen by stablecoin issuers. (Decrypt)
Odaily Report: According to monitoring by Bitcoin News, on-chain analysis shows that after attackers exploited a malicious EIP-7702 authorization to take control of a Binance wallet, the wallet's key remained usable. Binance reportedly used the signing key to execute transactions through the compromised wallet, recovering $823 million in USDC. The attackers reportedly obtained 50 valid authorizations signed by the wallet's key, one of which successfully activated malicious code and moved 65 types of assets. Even after Tether and Circle blacklisted the attackers' addresses, the asset transfers reportedly continued; a $200 million USDT deposit was moved out just 100 seconds after it arrived.
Odaily Report: According to monitoring by Bitcoin News, Binance is reportedly still operating its automatic deposit sweeping function, routing newly deposited user funds into a compromised hot wallet. Attackers are reportedly continuing to move funds out of the wallet as new deposits arrive, putting user deposits at potential risk. Related advisories recommend that users avoid depositing funds until the incident is resolved.
According to monitoring by Bitcoin News, a Bitcoin address labeled as a hot wallet in Binance's own transparency disclosures reportedly had approximately 17,500 BTC transferred out. The transfer occurred amid reports of a major security incident involving a Binance-linked Ethereum wallet. It is currently unclear whether this Bitcoin transfer was unauthorized or a movement made for security reasons.
Odaily reports: According to Bitcoin News monitoring, on-chain analysis shows that attackers appear to have exploited the Ethereum EIP-7702 mechanism to obtain signature authorization, installing malicious code without directly accessing the private keys of Binance-associated wallets. The attackers then called a function named "sweep" to transfer ETH and dozens of tokens into wallets under their control; the same delegation permission was reportedly also used to transfer $780 million USDC out of another Binance hot wallet. The attackers' transaction relayer received funding through Tornado Cash, and nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the relevant authorization remains unclear. Binance stated that user funds are safe and that an investigation is currently underway.
According to on-chain statistics cited by Decrypt, at least $5.57 billion in assets have been transferred from wallets associated with Binance, involving Ethereum, Bitcoin, and TRON; if confirmed as a hack, it would become the largest cryptocurrency heist in history. Binance stated that it is still investigating.
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
According to Whale Alert, at 04:30 Beijing Time, 7,636 BTC (approximately $614 million) was transferred from Binance to an unknown new wallet.
According to Lookonchain data, Bitcoin spot ETFs recorded a daily net inflow of 1,684 BTC (approximately $135 million), while Ethereum spot ETFs saw a daily net outflow of 9,081 ETH (approximately $21.11 million), with both averaging net outflows over the past seven days.