☕️ Binance Sheds $7B in Post-Hack Outflows Binance absorbed over $7 billion in net outflows following a historic breach, driving record redemptions across US spot Bitcoin funds.
1. Binance Outflows Top $7B Amid Hack Fallout — Binance saw over $7 billion in net outflows after resuming withdrawals Sunday following a $6.3 billion hack [2]. US spot Bitcoin ($BTC) ETFs recorded $643.2 million in Friday redemptions [3], while attackers routed stolen funds to Solana ($SOL) [9]. 2. Chainalysis Discloses Agentic AI Breach — Chainalysis reported an unauthorized breach of internal systems by an external actor using agentic techniques in October [1]. The attacker accessed customer profile records, though the firm said investigative case notes were unaffected [1]. 3. Corporate Opt-Outs for OKX-ICE Venue Hit 50 — Formal objections to the OKX-ICE tokenized stock platform reached 50, with Nvidia joining the opt-outs [8]. Corporate issuers have now rejected 44 of the initially planned 63 equity listings [8]. 4. Bank of Korea Probes Financial Firm Crypto Exposures — The Bank of Korea initiated a survey of 31 financial firms on Oct. 23 to assess exposure to virtual asset market risks [6]. The central bank is modeling stress scenarios involving major exchange hacks and deep market crashes [6]. 5. UAE Crypto Economy Expands 32% to $104.8B — The Middle East and North Africa crypto economy recorded $443.3 billion in volume for the 2026 period [4]. The United Arab Emirates market grew 32% to $104.8 billion, positioning it to potentially surpass Türkiye by 2027 [4].
📊 Bitcoin is trading at $77,838, Ethereum is at $2,283, and total crypto market capitalization stands at $2.02 trillion.
