ilqdty daily2 min readRead the latest
hackers hit binance for $6.3B, crypto's biggest theft, and binance says about $3B is frozen
Source@decryptmedia
the rest is the number i care about today, because that wallet backed customer balances.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 77,610 | -0.4% | -4.4% |
| $ETH | 2239.8 | -0.5% | -6.1% |
| $SOL | 97.0 | +1.5% | -5.6% |
| BTC.D | 59.8% | ||
| F&G | 30 fear |
01Crypto4 stories
- kalshi raised $1B at a $40B valuation, co-led by wellington and sequoia@Cointelegraph
- strategy booked $19.5B of third-quarter net income, and cfo andrew kang is stepping downSEC filing
- binance's ETH reserves fell to roughly 94% after the hack@CoinDesk
- the hacker dumped 134M FUN for $250K and crashed its trading pool over 90%@CoinDesk
02Macro3 stories
- US GDP grew 3.4% annualized in the third quarter, up from 2.2% in the secondUS Bureau of Economic Analysis
- core PCE, the inflation number the fed watches, ran at 3.1% in septemberUS Bureau of Economic Analysis
- alphabet fell 12.6% on thursday, its worst day ever, erasing about $500 billionNBC News
03Today3 stories
- the US employment cost index prints, a wage reading the fed watches
- euro area third-quarter GDP and german october inflation land too
- the december brent contract expires, so a headline drop of about $4 on monday is just the contract rolling
04Trends3 stories
- ethereum passed solana in chain fees over the last 7 days, $8.04M against $3.67M. over 30 days solana still leadsDefiLlama fees
- on hyperliquid, ICE is backing tradexyz to bring perpetual futures to the US, and $HYPE rose 15%@TheBlock__
- on solana, the ten trending coins traded $53M, and $HI (+26642%) ran to a $0.9M cap on $6.0M of volume
05My view
bitcoin barely moved over the last 24 hours with crypto's biggest theft on every screen. money kept coming in too: wellington and sequoia backed kalshi, ICE backed hyperliquid. the week is red, and those buyers still showed up.
the risk i'm tracking is binance's reserves. the ETH figure has to climb back to full and i don't have a date for that. the second is stablecoin supply, down 1.18% over 7 days to $299.7B, so less fresh money is around to buy.
i change my mind if more stolen coins get sold into small pools like FUN. otherwise i expect buyers back as soon as binance shows full reserves.
wage data today, apple and palantir monday, midterms tuesday. red week, same plan. lock in.