Everyone online is sharing “Mbappé once endorsed a drink to clear out the remaining inventory” The football sector’s $CHZ is down 2.45% over 24h. The link between hype and coins is often weaker than it seems—don’t overthink it. If the buzz hasn’t died down after a couple of days, then it’s worth taking a closer look.
If Binance manages to recover some of the stolen funds this time, could the recovered funds be used to buy $BTC ?
For three reasons:
1. Turn the crisis narrative into an accumulation narrative 2. Reassure the market: as long as the money is there, confidence will be too 3. Stabilize the market and ease panic @cz_binance @heyibinance
There’s been a lot of speculation online about this Binance hack. Here’s a rundown based on what’s been confirmed 👇
1. It wasn’t a vulnerability in Ethereum The attack used EIP-7702, introduced in the Pectra upgrade. This standard allows ordinary wallets to run contract logic after authorizing it with a signature from their own private key. EIP-7702 was working as designed; the real weakness was in Binance’s signing process.
2. What’s the story with the “50 nonces”? According to Blockaid, a single transaction contained 50 signed authorizations for consecutive nonces targeting Binance’s 14 hot wallet. The attacker didn’t actually know the exact nonce at the time—the hot wallet was constantly active. They guessed one correctly, and the delegation went through.
3. What does this tell us? If they had the complete private key, there’d be no need to guess 50 times. A more reasonable interpretation is that they obtained a batch of pre-signed authorizations, not the private key itself. How those authorizations leaked hasn’t been publicly answered yet.
4. How the assets were swept Within minutes of the authorizations taking effect, Binance 14 transferred assets according to the attacker’s contract: about 167,000 $ETH , 1.615 billion $USDT, plus more than 60 other tokens—basically everything was swept in one go.
5. Don’t take the $6.2 billion figure as definitive The “binance-hacker” label on Arkham reflects the current holdings of related addresses; it doesn’t mean that the total stolen amount has been verified. The links between the attacker and $BTC or Tron-related funds haven’t been independently confirmed either.
6. A large portion has been frozen Tether froze about 1.567 billion USDT, Circle about 823 million USDC, and Ripple about 200 million. That’s more than $2.5 billion the attacker can’t move. Aave also shut down the relevant lending markets to prevent stolen funds from being used as collateral to borrow.
7. What’s still out there ETH, BTC, and about 730 million USDT remain unfrozen; the attacker has already swapped tokens on Uniswap.
Binance says user assets are safe. Withdrawals on some networks have been temporarily suspended as a precaution. The company has yet to provide a definitive cause or final loss figure.
If the figures are confirmed, this would be the largest hack in crypto history.
Flash: The U.S. OCC issues its first final rule under the GENIUS Act, without prejudging whether existing stablecoin rewards programs comply It reads a little bearish, but the market is never driven by a single news item. Let’s wait and see whether the project team issues a statement. Often, the details are what determine the direction. $BTC
Wow, this price action is getting intense! $CT 15-minute open interest rose 11.82%, while the price fell 12.19%! Getting the direction right is only the first step; timing is what determines the outcome.
Let’s talk about sharding: Sharding originated in database technology. It involves splitting data and computational tasks into multiple shards, with each shard processed in parallel. If an application’s state is spread across multiple shards, calls involve cross-shard communication, which adds complexity for both development and the user experience. $NEAR 4.717(-5.11%)
$Q has moved above the 0.135 mark. Current price: 0.1372, 24h: +96.67% The longer it tests around a price level, the clearer the trend usually becomes after breaking above it.
Market Alert: $SIREN 5-minute plunge of 14.77%, current price 0.03051, 24h +5.39%. A sharp drop doesn’t necessarily mean a reversal of the broader trend; the daily chart structure should also be considered.
When large orders are executed in a concentrated burst, it often means big players are placing bets. As always, first figure out whether they’re buying or selling. $EPIC : +27.28% in 15 minutes, +36.35% in 24 hours. Leave a comment and share your trades.
Market Notes | $BTW 5 min +3.86%, 4h +12%, 24h -9.2% A beautiful rally, but don't forget: the faster it rises, the faster volatility tends to follow. Did you catch this move, or did you miss it?
$STBL 15-minute futures open interest increased by 15.44%; the price rose 19.95% over the same period. The most direct way to tell whether money is flowing into futures contracts is to look at open interest—but you need to understand what the number means. An increase in open interest means new positions have been opened. A decrease means positions have been closed, either voluntarily or through forced liquidation. The point of understanding an indicator is to avoid being misled by the numbers, not to use it to pinpoint tops and bottoms.
First, a look at the market: $BTC 80,870.95 (-2.85%) $ETH 2353.59 (-5.93%) BNB 716.49 (-3.57%) SOL 101.98 (-4.86%) In a pullback; first, let's see if support holds. What everyone's talking about: #9月CPI来袭原油美债走势如何 #Solana定于10月21日进行Alpenglow升级 Top movers: Top gainers: ZEREBRO +44.55%, WAL +44.45%, ARC +20.59% Top losers: Lobster -32.44%, EPIC -28.44%, US -27.59% News: 1. Binance to support the Filecoin (FIL) network upgrade and hard fork 2. Bitcoin falls below $81,000, down over 3% in 24 hours 3. UEX Daily Report | Nasdaq falls 1.88%; U.S. September CPI rises 3.7% year over year; BTC nears the ETF cost basis reference line
What is a zero-knowledge proof? Many people can't answer! Launched in 2016, Zcash was one of the first public blockchains to use zk-SNARKs for anonymous transfers. “Zero knowledge” means that the verifier learns nothing beyond the fact that “the statement is true”—not that they learn absolutely nothing. Markets are always uncertain, so decide in advance what to do if your judgment turns out to be wrong. $ZK 0.01572(-3.14%)
$Lobster broke below MA200 on the daily chart (0.03272). Quick explainer: What is a moving average? There are several types of moving averages, including simple and exponential: MA generally refers to a simple moving average, where each candlestick has equal weight; EMA gives more weight to recent prices. Indicators can fail, so don’t skip risk management: think about what you’ll do if you’re wrong before anything else—it’s more important than guessing correctly.
$Q 5 minutes +2.19% Current price: 0.04942, 24-hour trading volume: $288 million Funds are concentrating here. Increased attention often attracts more momentum-driven buyers, and volatility may rise as well. This is only an observation of the data; make your own trading decisions.
The market is buzzing again! $AVAX 1-hour trading volume just exploded by 3.6x! The price rose by 1.45% at the same time, and money is starting to rush in. Everyone’s an analyst when prices are rising; the real skill shows during a pullback. What signal are you waiting for before making a move?
Crypto 101: Smart Contract Risks In 2016, The DAO was attacked through a reentrancy vulnerability. Ethereum then addressed the issue with a hard fork, while the original chain that did not fork continued as Ethereum Classic (ETC). If the code is changed after an audit, or the version actually deployed differs from the audited version, the audit findings may not fully apply. I didn’t understand this back then, and the losses I took could have bought me bubble tea for several months. The Ethereum chain where $ETH resides is one of the earliest public blockchains to support general-purpose smart contracts. Currently 2509.08.
Top 5 gainers in the past hour: No.1 $币安人生 +4.29% No.2 $Q +3.14% No.3 $NIGHT +2.80% No.4 AERO +1.99% No.5 USELESS +1.85% Overall, the pace is relatively healthy. What signals would you look for before making a move?
Let’s talk about $Lobster just now: 5 minutes, +3.2%. After a sharp run-up, consolidating and digesting the gains is often healthier than just pushing higher nonstop. Honestly, what I care about most now isn’t how much it rises, but avoiding a major mistake.