$6.3 billion stolen; the FBI says it was the work of North Korea’s TraderTraitor
Binance said it recovered 95% of the funds and reopened withdrawals on Sunday
The result: $4.7 billion flowed out in one day, with a net outflow of $3.64B — people moved their money out
Even Mercado Bitcoin in Brazil shut down today after a suspicious $40M hack
2. The market is trying to stop the bleeding
BTC is holding at $78k–$78,700 despite the hack, up +0.4% to +1.26% today
ETH $2,290 - $2,306 +1.8% | BNB $713 +2% | ZEC the day's leader +3% to $1,280
CoinDesk 100: Thorchain RUNE down -6.4% as the FBI asked nodes to block hackers' addresses 903f
3. Institutional outflows — a worrying sign
Bitcoin ETF: -$643M on Friday, the biggest outflow since June
Ethereum ETF: -$155.9M
This means institutions are worried and waiting 903f
4. What's coming this week?
Tuesday: U.S. Midterm elections — volatility will rise; options IV is up 43.5% on November 4
Apple earnings today, Friday jobs report
Fear & Greed 37 = fear — a buying opportunity for pros 382c
5. Other news
Cardano is working on CIP-0113; NEAR wants to cut inflation from 2.5% to 1.6%
50 U.S. companies, including Microsoft and Nvidia, against the OKX tokenized stocks platform
Italy wants a 33% tax on crypto moved abroad
Bottom line: the market is spooked by the hack, but BTC is still holding at $78k, not crashing. Tuesday's election will determine the direction.$ETH $SOL
