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BTC Daily Report: October 31, 2026 — Key News and Updates

2026-10-31 22:43 · 5 sources

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Binance suffered a hack, with approximately $6.3 billion stolen, setting a record for dollar losses in crypto history. Binance said it has backfilled about 90% of affected assets, published a proof-of-reserves snapshot, and expects to restore withdrawals in phases within about 34 hours; CZ said that measured by BTC quantity, the impact of this incident is still less than that of Mt. Gox. The market reaction was relatively mild. 21Shares data showed that Bitcoin fell only about 2% after the incident, compared with a 26% drop after the FTX incident, while US Bitcoin ETFs saw outflows of $643 million during the same period. On-chain data shows that more than 36,600 BTC in a loss-making state were transferred to exchanges within 24 hours, putting pressure on short-term holders. Nasdaq-listed company NXTT plans to sell or pledge 5,833 bitcoins, worth about $449 million, citing the hack incident and quantum computing concerns.

October 31, 2026 BTC Coin News Summary

Binance released a security incident update, announcing that 90% of the stolen asset losses have now been covered. Ten major tokens including BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC have achieved 100% full reserve backing, and the remaining 10% of less liquid assets are being continuously repurchased and replenished through public markets and OTC channels. The sources of funds for this replenishment include: deploying part of the Investor Protection Fund (SAFU), allocating part of the futures insurance fund balance exceeding regulatory and risk control requirements, and using Binance's own

1. Trump responds to Binance's $6.3 billion hack, saying he is learning about the situation, while the CFTC calls for strengthened regulation. After Binance suffered an approximately $6.3 billion hack, US President Trump said on October 30 that he was learning about the incident and mentioned that Binance had promised to ensure user funds are compensated. CFTC Chairman Michael Selig pointed out that Binance is an offshore exchange not subject to US federal regulation and lacks the protections existing in US financial markets, and that this incident highlights the need for crypto market regulation. Blockchain analytics firm TRM Labs

Nasdaq-listed software company Next Technology Holding (NXTT) said its board has authorized the sale or pledge of its approximately 5,833 bitcoins in batches, worth about $449 million, citing the Binance hack incident, exchange vulnerabilities, and the potential threat of quantum computing to Bitcoin cryptography. The company said none of its bitcoins are stored on Binance. CEO Weihong Liu will decide the timing, price, and size of transactions. The authorization permits exchange sales, privately negotiated transactions, and Bitcoin-collateralized financing, but does not guarantee that transactions will be completed. The company

1. CZ clarifies SPCX holdings dispute: never said he intended to sell, believes it is worth holding long term; 2. Binance hacker address moves 120 million TRX, worth more than $38 million; 3. Negative for 38 consecutive days, Coinbase Bitcoin Premium Index at -0.2434%; 4. Brother Maji continues to reduce HYPE long positions, overall position turns slightly profitable; 5. Rates Exchange receives investment from Coinbase Ventures, amount undisclosed; 6. Flap: official website fla

Investors pulled $643.33 million from US spot Bitcoin ETFs on October 30, according to SoSoValue data. The exit came one day after hackers drained about $6.3 billion from Binance, the world’s la

Odaily report: According to Darkfost monitoring, Bitcoin tested $76,000 yesterday, putting pressure on some short-term holders. In the past 24 hours, short-term holders transferred more than 36,600 BTC in a loss-making state to exchanges. Binance's short-term holder activity over the past 7 days remains relatively high, with the 7-day cumulative inflow rising to its highest level since October, reaching 45,400 BTC, despite the exploit during the period and the resulting BTC outflows. Darkfost said the increase in inflows and loss-making BTC

Author: BlockSecOriginal link: https://mp.weixin.qq.com/s/6Kp2-VM36AjFR67DZ8Bj6AStatement: This article is reposted content. Readers can obtain more information through the original link. If the author has any objection to the reposting format, please contact us and we will modify it according to the author's request. Reposting is for information sharing only and does not constitute any investment advice, nor does it represent Wu Shuo's views or stance. Full text as follows: Around 20:00 on October 29, 2026 (UTC), Binance announced

Compiled by GaryMa, Wu Shuo Blockchain. The Wu Shuo team summarized important developments in the blockchain technology field in October: Bitcoin. Bitcoin Core officially released v32.1. Because issues were discovered in the final stage, although v32.0 had created a version tag, it was not officially released; v32.1, in addition to continuing v32-series improvements such as parallel block validation and Mempool-based fee estimation, also fixed the issue of broadcasting transactions through sendrawtransaction under the -privatebroadcast=1 configuration

1. About 80% of stolen funds have been covered, Binance expects to restore withdrawals in phases within 34 hours; 2. "First set ten major goals": re-enter full long positions in the $76,000 to $78,000 range, BTC is expected to reach $120,000 within the year; 3. Trump: investigating whether the Binance theft was carried out by North Korea; 4. OpenAI funding target suddenly cut by $10 billion, valuation simultaneously lowered to $1.25 trillion; 5. Ethena deposits 128.6 million ENA to Binance, possibly for Binance to repurchase stolen assets; 6.

Odaily report: According to Binance monitoring, Binance issued security incident progress announcement #2 at 3:33 this morning, disclosing investigation and asset compensation progress over the past 24 hours. The announcement said that at 04:05 on October 30, 2026 (UTC+8), Binance's hot wallet was attacked, with losses of approximately $6.3 billion in token assets. Binance said it will fully bear the losses through the SAFU fund and the company's own funds and will not pass the losses on to users. Currently, Binance has prepared more than $6.34 billion in company funds, of which more than $5 billion equivalent in

PANews October 31 news: According to Binance's official announcement, Binance issued security incident progress announcement #2, stating that it has prepared more than $6.34 billion in company funds, of which more than $5 billion equivalent in corresponding token assets such as USDC, USDT, BTC, ETH, and BNB has been secured, about 80% of the stolen funds have been backfilled, and the remainder is being purchased through market and over-the-counter trading channels. Currently, about $3 billion in assets have been frozen on-chain, and no evidence of wallet private key leakage has been found at this stage. Binance plans to restore withdrawals by token in phases within about 34 hours and will conduct its first reserve within 12 hours

Wu Shuo has learned that Binance founder CZ said that although $6.3 billion is the largest hack loss denominated in US dollars, it is not so when measured by BTC quantity. The Mt. Gox incident involved 650,000 BTC, accounting for more than 5% of Bitcoin's total supply. CZ pointed out that assessing the impact of a hack should also consider the number of affected users and the proportion of assets affected. The Mt. Gox and FTX incidents affected almost all users and their assets. More importantly, who bears the losses and whether the platform fully compensates, such as the recent two centralized exchange incidents and Binance's situation

Odaily report: CZ posted a response to discussion that the Binance hack had limited impact on Bitcoin's price, saying that the $6.3 billion stolen is the largest by US dollars, but not by Bitcoin quantity. Mt. Gox lost about 650,000 BTC at the time, accounting for more than 5% of Bitcoin's total supply, a greater impact. CZ pointed out that assessing the impact of a hack also requires considering the number of affected users and the proportion of their assets damaged. In the Mt. Gox and FTX incidents, the number of

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