Good morning, everyone ☕ Today marks the 18th anniversary of the Bitcoin white paper, but the market is hardly in a celebratory mood. Let’s take a look at what happened over the past 24 hours 👇

📉 Market update: Red October is almost over

$BTC Yesterday, Bitcoin slid from around $79,000 to about $76,800. October is down roughly 8% overall, and it’s likely to close in the red for the second year in a row—a rare occurrence historically. Traders are watching support near the 50-week moving average, around $75,700. Strategy’s average cost basis is about $75,400.$ETH Earlier, it fell below $2,250. SOL is testing the $100 mark, while XRP is hovering around $1.25.

🕵️ Binance hacked: North Korean hackers tracked down

On-chain investigators traced the attack to North Korea’s TraderTraitor. The entry point was surprisingly an operations engineer’s compromised computer, and hot wallets across nine chains were drained in just 20 minutes. Binance covered the losses in full using SAFU and its own reserves. CZ said the remaining shortfall of around $2 billion “hurts, but we can handle it.” DeFi was affected too: the hackers deposited USDT into Aave and borrowed WETH. Aave froze 292 markets at once, and they are now gradually coming back online.

🏛 Regulation: CFTC seizes the moment to step up its efforts

The CFTC chair cited this incident directly while pushing for offshore platforms to “voluntarily register,” with requirements for segregated customer assets, proof of reserves, and security standards. The comment period runs through mid-December.

🐋 Whales: Retail panics, big players buy

Yesterday, on-chain whales bought around 2,573 BTC on the dip. Meanwhile, the Coinbase Premium Index fell to a four-year low, signaling that U.S. buying is notably weak. CryptoQuant’s CEO thinks sentiment has turned “bearish enough to be bullish,” but some have also dug up the data: in six of the past seven major hacking incidents, BTC was still falling a week later.

🏢 Institutional moves

Strategy said it would mainly raise funds to buy crypto by issuing preferred stock, reducing dilution of common shareholders, though its share price fell around 9% yesterday. Coinbase added another 643 BTC in the third quarter. Uber also dipped its toes into tokenized money market funds, which can earn yield even over the weekend.

🌍 Macro

U.S. tech stocks plunged on Friday, with the Nasdaq 100 down around 3.6%. Gold and silver also pulled back, as investors broadly moved into safe havens.

📌 Takeaway: Bad news has hit all at once, and sentiment is near rock bottom, but funds are also quietly changing hands. Next, keep an eye on ETF flows and Binance’s progress in restoring deposits and withdrawals.

⚠️ Disclaimer: This article summarizes publicly available information from X and may contain inaccuracies. It is for reference only and does not constitute investment advice. Crypto assets are highly volatile; make your own decisions and be mindful of the risks.

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