ilqdty daily2 min readRead the latest
binance put up $6.34 billion of its own money after the largest crypto hack ever
Source@decryptmedia
sunday withdrawals are due back for everyone with coins there, and that's the date i care about.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 77,476 | +0.2% | -4.2% |
| $ETH | 2245.3 | +0.1% | -4.8% |
| $SOL | 95.8 | -0.5% | -6.4% |
| BTC.D | 59.9% | ||
| F&G | 30 fear |
01Crypto3 stories
- tether froze $1.56B and circle froze $823M, and the double-standard fight over freezes is back@CoinDesk
- unit, which moves money in and out of hyperliquid, delayed every deposit and withdrawal after the binance breach, with $939M insideThe Defiant
- trezor told anyone who bought from cryptobilis since march 2026 to move funds over a suspected implant@TheBlock__
02Macro2 stories
03Trends3 stories
- on hyperliquid, perps took $22.6M in fees over 7 days and passed pumpswap on solana at $19.7M. over 30 days pumpswap still leads, $104.6M against $83.4MDefiLlama fees
- on bsc, flap, a launchpad doing $709K a day, got hit by a DNS hijack@DegenerateNews
- on solana, the ten trending coins traded $34M, and $LUMI (+12751%) ran to a $0.4M cap on $4.7M of volume
04Week ahead4 dates
- sundaybinance's target to reopen withdrawals, plus its next reserves snapshot, the first to show the damage
- monday 10:00 ETism manufacturing, the survey of US factories, consensus 54.7. binance also plans its full reserves report
- tuesdayUS midterm elections. polymarket has democrats at 94% for the house and 69% for the senate
- friday 8:30 EToctober jobs report, consensus +55,000 to +63,000 against +29,000 prior
05My view
the largest hack crypto has seen hit binance, and the majors finished the week with a small red number. i expected worse. the company put up its own money, and hyperliquid traders paid more in fees than the $18.0M of the week before, so people kept trading through it.
the risk i'm tracking is a rush out of binance. stablecoin supply shrank 1.29% over 7 days, so there's less spare money around to absorb one. it shows up in sunday's snapshot.
if withdrawals slip past sunday with no clear reason, i'm wrong about this week. i don't know how many people withdraw once it reopens. if binance reopens on time, this week's biggest fear is off the table and new buyers have a reason to come back.
happy halloween. enjoy the saturday, the numbers start tomorrow. stay locked in.