📊 In-Depth Analysis | The Truth Behind the Data After the Biggest Hack in History
On October 29, Binance suffered a $6 billion theft, making it the largest hack in crypto history. Interestingly, the data CZ shared himself showed that over the past 30 days, SOL was down 18.3%, XRP 16.0%, ETH 9.7%, and BTC 7.4%—while $BNB , the exchange’s own token, had the smallest decline at just 5.7%. The market has voted with its feet: trust hasn’t collapsed.
Three other signals are worth a closer look:
1️⃣ Bitcoin ETFs saw net outflows of $1.28 billion in a single week. Fund flows turned negative in 2026, their worst since June, and structural selling pressure remains;
2️⃣ Binance CFO Kaiser Ng left nine days after the hack. The official explanation was “a transition planned six months ago,” and a former Airwallex finance VP is taking over;
3️⃣ Russia’s central bank approved retail trading in BTC/ETH/USDT starting November 17, accelerating the push toward regulatory compliance.
On the macro front, the US-Iran conflict continues to escalate, with the situation in the Strait of Hormuz the biggest black swan risk. But US nonfarm payrolls came in at 165,000 in October, far above expectations, showing the economy remains resilient. Prioritize risk management in the short term and watch for signs of ETF inflows returning over the medium term. One more reminder: the theft of wallets using Google login through Keplr/Web3Auth is further proof that self-custody is the way to go.
NFA | DYOR
#BTC #BNB #Binance #BitcoinETF #Cryptocurrency
On October 29, Binance suffered a $6 billion theft, making it the largest hack in crypto history. Interestingly, the data CZ shared himself showed that over the past 30 days, SOL was down 18.3%, XRP 16.0%, ETH 9.7%, and BTC 7.4%—while $BNB , the exchange’s own token, had the smallest decline at just 5.7%. The market has voted with its feet: trust hasn’t collapsed.
Three other signals are worth a closer look:
1️⃣ Bitcoin ETFs saw net outflows of $1.28 billion in a single week. Fund flows turned negative in 2026, their worst since June, and structural selling pressure remains;
2️⃣ Binance CFO Kaiser Ng left nine days after the hack. The official explanation was “a transition planned six months ago,” and a former Airwallex finance VP is taking over;
3️⃣ Russia’s central bank approved retail trading in BTC/ETH/USDT starting November 17, accelerating the push toward regulatory compliance.
On the macro front, the US-Iran conflict continues to escalate, with the situation in the Strait of Hormuz the biggest black swan risk. But US nonfarm payrolls came in at 165,000 in October, far above expectations, showing the economy remains resilient. Prioritize risk management in the short term and watch for signs of ETF inflows returning over the medium term. One more reminder: the theft of wallets using Google login through Keplr/Web3Auth is further proof that self-custody is the way to go.
NFA | DYOR
#BTC #BNB #Binance #BitcoinETF #Cryptocurrency