News linked to both this project and an event.
Odaily reports: Preliminary vote counts for the U.S. House elections show that several crypto-industry-backed candidates are temporarily leading, including Josh Gottheimer and Rob Menendez in New Jersey, as well as Lucy McBath (Democrat), Brian Jack (Republican), Amanda Hollowell (Democrat), Austin Scott (Republican), Jasmine Clark (Democrat), and Clay Fuller (Republican) in Georgia. At approximately 35% of the vote counted, Houston Gaines (Republican) is slightly trailing Pamela DeLancy (Democrat).Kevin Wysocki, Head of Policy at Anchorage Digital, said Kentucky's 6th Congressional District is worth watching; if Democrats win that seat, it could signal more severe electoral prospects for Republicans. As of 20:20 Eastern Time, less than 24% of the vote had been counted in that district, with Ralph Alvarado (Republican) temporarily leading Zach Dembo (Democrat). (CoinDesk)Recommended reading: "U.S. Midterm Elections Preview: A Golden Pit for U.S. Stocks and Bitcoin?"
According to Bitcoin News, King Jigme Khesar Namgyel Wangchuck of Bhutan signed a royal decree granting the Gelephu financial regulatory agency complete central banking powers, covering monetary policy formulation and reserve management. The new central bank can invest in digital assets such as Bitcoin alongside traditional reserves, but faces no mandatory purchase obligation. The status of the Royal Monetary Authority, Bhutan's national central bank, remains unchanged.
Bitcoin News posted on X stating that a royal decree signed by Bhutan's King Jigme Khesar Namgyel Wangchuck grants Gelephu's new financial regulator full central bank functions, including monetary policy and reserve management. The bank is authorized to include digital assets alongside traditional reserves in its investment scope, though it is not obligated to purchase them; Bhutan's national central bank, the Royal Monetary Authority, remains unchanged. Gelephu Mindfulness City had previously received a commitment from the King made in December 2025 to support it with up to 10,000 BTC.
Odaily reports: Siriwat Deepho, Deputy Commissioner of the Thai Cyber Police, stated that police have received Shuffle.com-related fund flow data provided by 3 digital asset exchanges and have formed 80 special task forces, planning to first file cases against players within Thailand before investigating overseas operators.At a parliamentary hearing on October 29, lawmakers said that Gulf Binance, which operates Binance TH, found that two wallets were linked to 44 individuals, with related funds flowing in and out of Shuffle through more than 400 transactions, amounting to approximately $113,000. Former Democrat Party lawmaker Sirichok Sopha stated that 4 of the 9 Thai digital asset operators have on-chain connections to Shuffle, but this does not mean the exchanges engaged in misconduct.Thailand's Department of Special Investigation is assessing whether to classify Shuffle as a special case and plans to invite the Securities and Exchange Commission of Thailand to participate in the investigation. Thailand's Ministry of Digital Economy and Society said it blocked Shuffle.com nationwide on October 9. (Bitcoin.com News)
Crypto bank Custodia Bank has filed a reply brief urging the U.S. Supreme Court to review a ruling by the Tenth Circuit Court of Appeals. The ruling allows regional Federal Reserve Banks to deny master accounts to depository institutions that meet statutory requirements. (Bitcoin.com News)
Odaily reports: Cory Klippsten, founder of Swan Bitcoin, said that AI poses a more immediate near-term threat to Bitcoin's security compared with quantum computing. He noted that hackers are using large language models to probe for security vulnerabilities, and a small number of prompts can help attackers identify problems.Klippsten believes that quantum computers capable of threatening Bitcoin's cryptography are at least a decade away, by which time the network could deploy quantum-resistant protections. He said that rushing to implement such solutions now would add unnecessary complexity.Brazilian crypto exchange Mercado Bitcoin suspended deposits and withdrawals on Monday due to a security incident, and researchers estimate that more than $46 million flowed out of its wallets. Days earlier, Binance suffered a $6.3 billion hack on October 29, which the U.S. Federal Bureau of Investigation (FBI) attributed to North Korean hackers. (Cointelegraph)
Odaily — The costs incurred by cryptocurrency exchange Binance from fines and hack-related losses are estimated at approximately $10.7 billion, equivalent to about 56% of its estimated pre-tax profit from 2021 to 2025. Vetle Lunde, Head of Research at K33 Research, estimates that Binance's pre-tax profit over the same period was approximately $19.2 billion.Known fines total approximately $4.34 billion, including the $4.32 billion U.S. criminal settlement Binance agreed to pay in 2023; Binance's local business units in other countries were separately fined about $20 million. Hack-related losses amount to approximately $6.38 billion, including $6.34 billion reserved for recent incidents and 7,000 BTC stolen in 2019.In the recent hack incident, approximately $3 billion in stolen crypto assets have been frozen, and the amount Binance will ultimately be able to recover remains unclear. Binance says it has covered about 95% of the affected assets, and withdrawals have recovered and stabilized after an initial surge; its tracked assets have fallen more than 11% since October 29 to approximately $128.3 billion. (Bitcoin.com News)
Odaily reports: Brazilian exchange Mercado Bitcoin stated that a security incident caused over $46 million in cryptocurrency to be transferred out of its wallets on Monday. Several hours after the company suspended deposits and withdrawals, funds were still being moved from addresses linked to the incident, and thousands of small ETH transfers were subsequently sent to the same address. Security firms said the attack was carried out through regular transfers rather than a smart contract exploit.As of 16:42 UTC, stablecoin issuers Tether and Circle had frozen approximately $6.2 million in stolen funds; about $20 million was moved to newly created wallets, while another over $20 million remained in addresses identified by Mercado Bitcoin as related, including all 106 BTC. A Mercado Bitcoin spokesperson said customers suffered no losses and no data was leaked; the incident is still under investigation and has not yet been attributed to an organized group. (Cointelegraph)
Odaily reports: After Israeli Prime Minister Benjamin Netanyahu proposed using cryptocurrency to circumvent potential banking sanctions, the Bank of Israel quickly pushed back. Addressable CEO Tomer Sharoni and Orbs CEO Ran Hammer warned that such statements could trigger additional scrutiny of Israeli crypto businesses by overseas exchanges and banks, damaging the reputation of the local Web3 ecosystem.Sharoni stated that Israel should have the central bank, the Israel Securities Authority, and the Israel Capital Market, Insurance and Savings Authority jointly establish a regulatory sandbox, and create a virtual asset service provider licensing regime compliant with the EU's Markets in Crypto-Assets Regulation (MiCA) and the Financial Action Task Force (FATF) Travel Rule. He also called for resolving the issue of access to banking services. (Bitcoin.com News)
Odaily Report: Bitcoin has fallen back to around $77,900. After Binance resumed withdrawals in phases on Sunday, it processed a total of $4.65 billion in withdrawals and $1.01 billion in deposits, with a net outflow of $3.64 billion. Binance stated that it has now covered approximately 95% of the $6.3 billion in stolen funds. The U.S. Federal Bureau of Investigation (FBI) has officially attributed the theft to North Korea's TraderTraitor group.In addition, U.S. spot Bitcoin ETFs saw a net outflow of $643 million on Friday, the largest single-day net outflow since June, erasing the previous four consecutive days of inflows.On the derivatives side, cryptocurrency futures trading volume rose 56% over 24 hours to $111.8 billion, but total open interest remained essentially flat at $137.1 billion, indicating increased market trading activity but limited new position building. During the same period, liquidation amounts increased 77% to $140.2 million. BTC futures open interest was essentially flat, and ETH futures open interest also changed little; the three BTC options with the highest trading volume on Deribit over the past 24 hours were all put options. (CoinDesk)
Odaily reports: According to Bitcoin News monitoring, the US Secret Service stated that within minutes it helped freeze a "substantial portion" of the stolen assets in the Binance hack case involving $6.3 billion. The agency said investigators immediately worked with crypto industry partners after Thursday's attack to identify and freeze the stolen assets. So far, approximately $3 billion in assets have been frozen cumulatively, but the Secret Service did not disclose the specific amount it helped preserve. The FBI attributed the theft to the North Korean TraderTraitor group and published hundreds of wallet addresses associated with the theft. Federal agencies are tracking and recovering the remaining funds.
Regarding the S&P 500, when Republicans control Congress, 65% of respondents expect US equity gains to accelerate or maintain their current pace over the next 12 months (year-to-date monthly average gain of approximately 1.3%); this proportion stands at 37% and 44% respectively under Democratic control or split control of Congress. On the bond front, Democratic control of Congress is viewed as more favorable, with 53% of respondents expecting US Treasury yields to decline, compared to 36% and 26% under split control and Republican control, respectively.
According to monitoring by Bitcoin News, BTCPay Server has stated that it has received reports of attackers transferring funds from hot wallets. The team is investigating this security incident and urges operators running instances to immediately shut down their instances using ./btcpay-down.sh. The cause of the attack and the scope of impact remain unclear.
A Bloomberg survey shows that if Republicans control Congress, 29% of respondents expect Bitcoin to surpass $100,000 by year-end, compared to 8% under Democratic control.
Odaily reports: Bitcoin News posted on X platform that Strategy's filing with the U.S. Securities and Exchange Commission shows that Chief Financial Officer Andrew Kang will step down on November 5. The company stated that his departure is for personal reasons and is unrelated to any disagreement over company operations or policies. Chief Executive Officer Phong Le will temporarily assume the role of CFO, with Reza Virasteh set to take over in January 2027; during this period, Phong Le will continue to be directly responsible for Strategy's Bitcoin reserves, capital markets, and financing activities.Strategy reported quarterly operating profit of approximately $21 billion, a record high, primarily driven by the increase in the value of its Bitcoin holdings. Strategy currently holds 848,517 BTC and has raised over $21 billion year-to-date.
According to Italian crypto media Criptovaluta.it, Italy is discussing adding an Exit Tax to its new annual budget bill, which would levy a tax of up to 33% on unrealized capital gains for crypto asset holders relocating overseas, potentially triggering a tax liability even if the relevant Bitcoin or other crypto assets have not yet been sold.
Bitcoin News posted on X that blockchain analytics firm Chainalysis said hackers used "offensive agentic technology" to gain unauthorized access to its internal systems and tools, resulting in the leak of customer names, email addresses, user IDs, and organizational job titles. Chainalysis stated that there is currently no evidence that passwords, multi-factor authentication (MFA) keys, session tokens, or sensitive investigation data were compromised, and said the attack is unrelated to the recent $6 billion hack suffered by Binance.
According to BeInCrypto, Chainalysis data shows that over the year ending June 2026, the South African crypto economy expanded by 52% to $39.3 billion, with increases across all tracked activity categories. Commercial payments, including those from South African merchants and P2P traders, reached $8.34 billion, outpacing institutional activity ($1.29 billion in inflows); stablecoin inflows through Sub-Saharan African P2P channels totaled $14.6 billion, on par with Bitcoin. A draft regulatory framework for crypto asset management released by the South African Treasury and Reserve Bank (SARB) on August 3 would stipulate that individuals may only transfer crypto assets abroad through authorized local service providers within existing foreign exchange limits, while businesses are prohibited from cross-border transfers of crypto assets. As of March 31, the Financial Sector Conduct Authority (FSCA) had issued licenses to 310 crypto asset service providers, though these entities must still secure separate authorization from the SARB. On October 21, Finance Minister Enoch Godongwana stated that after receiving thousands of public submissions, the Treasury will aim to release a revised second draft, with no timeline currently announced.
Odaily reports: Block, the fintech company under Jack Dorsey, has announced it will push its crypto and payment platform Cash App to transform into a comprehensive digital bank, aiming to boost user engagement and customer retention through products including stock, ETF, and Bitcoin trading, short-term loans, high-yield savings, and custom debit cards. Currently, Cash App has 9.4 million users who use it as their primary banking tool, up 17% year-over-year. However, it still faces stagnant user growth and regulatory pressure, as some users primarily use Cash App for occasional transfers rather than everyday banking, investing, and spending services. (Bloomberg)
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)