COINJAKA

CZ confirms: Binance will absorb hack losses even if they exceed initial estimates

Changpeng Zhao (CZ), the former founder of Binance, confirmed that the platform will cover the losses resulting from the recent incident, even if they exceed initial estimates.

His statement came in response to estimates that current total losses amount to around $1 billion, equivalent to about 0.69% of Binance’s total assets, which amount to $144 billion.

The response indicated that the losses could be slightly higher than this figure, but Binance will cover them.

The statement aims to reassure users about the platform’s ability to handle the losses and protect customers’ funds.

Binance confirms it is prepared to absorb the losses, but the final value of the damage has not yet been determined.

Chainlink strengthens its presence in digital finance with the launch of round-the-clock pricing services
The Chainlink network launched its “Chainlink 24/7” service to provide continuous pricing data for stocks, commodities, and tokenized real-world assets (RWAs), including weekends and traditional market closures.
The Aave platform adopted the service to support institutional lending operations, helping assess tokenized collateral and monitor its risks around the clock.
Meanwhile, Chainlink’s founder noted that the network accounts for around 65% of the market for data infrastructure used in decentralized finance and blockchain-based lending, according to the statement cited in the report.
This development could strengthen Chainlink’s role in connecting traditional financial markets with decentralized finance, as the use of tokenized assets in lending and trading continues to grow. It could also support future demand for the network’s services, but its impact on the price of LINK will depend on actual adoption, usage growth, and revenue.

SUI coin is anticipating a potential bullish wave, supported by expansion in Brazil and network developments
SUI coin is gaining new momentum as its use expands in Brazil through the Mercado Bitcoin platform, which provides buying, selling, and transfer services for millions of users, alongside upcoming developments including the mainnet launch of the Hashi protocol and integration with Samsung Wallet.
Technically, the $0.82 level represents a key support point, as holding above it may help pave the way toward the $1.30, $2.00, and $2.40 levels.
On the other hand, breaking the $0.82 support level could weaken recovery prospects, and network expansion does not guarantee a price increase unless it is reflected in actual demand.
SUI still has a chance to recover if it maintains its support and network usage continues to grow, but achieving the bullish targets depends on market conditions and confirmation of technical breakouts.

Bitcoin and Ethereum Face Increasing Selling Pressure Amid Fears of Another Downward Wave

The cryptocurrency market is facing increasing selling pressure after losing approximately $68.75 billion in market capitalization over 24 hours, with its total value declining 2.5% to $2.75 trillion.

Bitcoin (BTC), trading near $80,108, faces key support levels at $79,172 and $78,416. A break below these levels could lead to a potential decline toward $76,269, while the price needs to reclaim $80,920 to improve short-term momentum.

Ethereum (ETH) is facing pressure from whale selling and outflows from exchange-traded funds. Technical analysis points to a possible decline toward $2,026, putting the $2,000 level in focus.

Pressure intensified after $342.38 million worth of trading positions were liquidated, alongside weakness in U.S. and Asian technology stocks.

Downward pressure on Bitcoin and Ethereum may persist if prices fail to reclaim the broken support levels, but these levels remain possible technical scenarios rather than a confirmed decline.

Fed holds interest rates steady amid uncertainty over Bitcoin’s future

The U.S. Federal Reserve kept interest rates unchanged at a range of 3.50%–3.75%, maintaining its focus on fighting inflation and bringing it back to its 2% target.

Hawkish remarks could increase pressure on Bitcoin and cryptocurrencies, while a weaker dollar could support a market recovery. Movements in the dollar and investors’ reactions will remain key factors in determining the next direction.

Bitcoin under pressure ahead of the U.S. Federal Reserve’s interest rate decision

Rate announcement: 9:00 p.m. Saudi time

Bitcoin is trading at $80,470 after retreating from $81,823, as markets await the Fed’s decision and its impact on markets

Support: $80,000, then $79,500
Resistance: $80,920, then $81,400

A break below $80,000 could increase selling pressure, while a recovery above $80,920 could support a price rebound.

The short-term trend is tilted downward, and volatility may rise after the rate announcement and the Fed’s remarks.

Thailand legally recognizes Bitcoin as property in theft case

Thailand’s Supreme Court has ruled that Bitcoin can be considered property under criminal law, after a tourist was forced to transfer 2.480801 BTC, worth approximately $50,000, to a wallet controlled by the perpetrators in 2022.

The court rejected the defense’s argument that Bitcoin is not property because it is an intangible digital asset, affirming that it has market value and can be owned and exchanged for cash.

It also upheld a 10-year prison sentence and ordered the perpetrators to return the stolen Bitcoin or compensate the victim.

The ruling strengthens legal protections for digital assets and confirms that cryptocurrency theft can carry criminal penalties, even though these currencies are not official legal tender. However, the decision does not mean that Bitcoin has been adopted as legal tender in Thailand; it recognizes it as property in the context of this case.

Bitcoin regains the $80,000 level amid recovery attempts
The price of Bitcoin rose to $80,326, recording daily gains of about 0.16%, after previously falling to levels close to $79,000. The 15-minute chart shows an improvement in price momentum, with the price reaching a local peak at $80,844 amid anticipation of the U.S. Federal Reserve's interest rate decision.
Bitcoin is currently trading above the short-term moving averages, which supports the likelihood of continued recovery, but the RSI(6) at 77.66 indicates short-term overbought conditions and may precede a temporary correction.
Resistance: $80,845 then $80,920.
Support: $80,000 then $79,880 and $79,450.
Bullish scenario: A break above $80,845 and holding above it could push the price toward higher levels.
Bearish scenario: Losing the $80,000 level could return the price to retest previous support zones.
Bitcoin is trying to regain upward momentum, but confirming the recovery requires breaking resistance and holding above it, with caution over volatility before the Fed's decision.

XRP Eyes Recovery as Whale Holdings Rise and Market Pressure Eases
Open interest in XRP futures on Binance has fallen 28% since September 22, reaching about $445 million, alongside a price decline from $1.57 to $1.30. The reduction in leveraged positions may help lower liquidation risks and create conditions for price stability.
Meanwhile, large wallet holdings have risen to 46.87 billion XRP, equal to 68.48% of the supply tracked by Santiment, the highest level since November 2022. This could indicate accumulation during the pullback, though it does not necessarily confirm continued buying.
The market is watching the $1.30 level as an important support zone, while a breakout above $1.50 could strengthen recovery prospects. On the other hand, a break below support could increase selling pressure, especially if market weakness persists. Whale holdings and the decline in open interest remain indicators to watch, not guarantees of a price increase.

Crypto markets face a decisive week as investors await the US Federal Reserve’s decision
The cryptocurrency market is under pressure, with its market capitalization falling to $2.75 trillion and Bitcoin dropping below $80,000, as investors await the Federal Reserve’s interest rate decision on October 28, as well as US inflation and GDP data on October 29.

Inflation and economic growth data could increase market volatility. Persistently high inflation could support keeping interest rates unchanged for longer, potentially weighing on riskier assets. By contrast, more dovish signals from the Fed could support a recovery in Bitcoin and altcoins.
The $78,000 level remains an important support level for Bitcoin, while the expiration of options contracts on October 30 could heighten volatility. Meanwhile, the market is watching Ethereum’s movements below $2,300.
A decisive week for determining the next direction: caution is advised, and investors should avoid committing all their capital before the impact of the decisions and economic data becomes clear.

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Solana, SUI, and Render lead expectations for a potential altcoin market recovery

Expectations are growing for an altcoin market recovery in the coming period, as Bitcoin stabilizes and attempts to reclaim key resistance levels, while markets watch moves in (SOL), SUI, Render (RENDER), and (AVAX).

Key technical levels:

Bitcoin (BTC): A break above $80,000–$81,000 could pave the way toward $83,000, then $84,000–$85,000.
Solana (SOL): Support between $97 and $101, with targets at $104, then $120.
Sui (SUI): Markets are watching a support zone near $0.87.
Render (RENDER): A rebound scenario targets the $1.95–$2 zone.
Avalanche (AVAX): Support at $8.70–$8.75, with a potential rise of 10%–12%.
XRP, ADA, and TAO: Technical breakouts need confirmation for the rally to continue.

Altcoins may benefit from a Bitcoin rally and a decline in its market dominance, but a 20% rise is not guaranteed. Continued strength in Bitcoin could support the market, while a loss of support levels could trigger a new downturn and the liquidation of leveraged positions.

INJ attempts to recover amid anticipation of Injective’s regulatory developments

Injective is seeking to strengthen its presence in the U.S. financial sector through meetings with officials and regulatory bodies to discuss asset tokenization and blockchain-based financial infrastructure. This may support interest in the project, but does not guarantee an increase in the token’s price.

Technical analysis of INJ:

The price is currently trading near $7.658, following an earlier decline from higher levels, as it attempts to stabilize and form a short-term rebound.

Support: $7.58, followed by $7.43.
Resistance: $7.78, followed by $7.98.
RSI: Near 50, reflecting relatively neutral momentum.

Bullish scenario: A breakout above $7.78 and holding above this level could push the price toward $7.98.

Bearish scenario: A break below $7.58 could see the price retest $7.43.

Alternative coins worth watching ahead of the next rally

Attention is turning to a number of altcoins as expectations grow that the market could rebound in the fourth quarter, amid technical indicators that may support a recovery despite continued uncertainty.

Bittensor (TAO): It is benefiting from growing interest in artificial intelligence and the expansion of its ecosystem and subnets, which could boost its appeal if liquidity returns to the sector.

SUI: It is gaining prominence in payments linked to AI agents, with technical indicators emerging that may point to improving momentum, despite concerns about some token unlocks.

Optimism (OP): It could benefit from a recovery in the Ethereum ecosystem, particularly if the market succeeds in regaining bullish momentum.

Plume and Ondo: They are attracting interest in the real-world asset (RWA) tokenization sector, as investors watch price developments and the expanding use of these technologies.

These projects may offer opportunities to watch if market conditions improve, but technical indicators and forecasts do not guarantee price increases. Risk management remains essential before making any investment decision.

Chainlink’s partnership with LG CNS could push LINK toward $15

Chainlink is partnering with LG CNS to develop digital asset infrastructure in South Korea, a move that could boost institutional adoption of blockchain technology in a market valued at around $68 billion.

Brief analysis: LINK’s recovery depends on holding above $10.79, with the potential to rise toward $12.80–$13 and then $15–$15.80 if positive momentum continues and resistance levels are broken. However, a drop below $10 could weaken the bullish outlook.

The partnership strengthens Chainlink’s institutional presence, but further gains for the token will depend on how the collaboration develops, actual demand, and confirmation of technical breakouts.

South Korea May Boost XRP Use in Asset Tokenization

According to the CEO of Evernorth, South Korea accounts for around 30% of XRP trading volume, making it an important market for expanding the currency’s use in real-world asset tokenization and decentralized finance.

Projects such as Flare and Firelight are seeking to expand XRP’s use in lending, financial collateral, and blockchain-based insurance, with Firelight announcing commitments to deposit 50 million XRP.

Analysis: These developments could support future demand for XRP if trading liquidity translates into real-world use, but their effect on the price will remain tied to adoption and regulation.

Tensions between the U.S. and Iran increase pressure on Bitcoin
Rising tensions between Washington and Tehran are fueling concerns about disruption to oil and digital asset markets. Bitcoin is trading near $81,908 after falling from $84,898.
The short-term trend is bearish, with support at $81,650 and then $81,000, while resistance lies at $82,200–$82,430. Further escalation could increase selling pressure, while a rebound could pave the way for a recovery.

Bitcoin Between Continued Gains and the Risk of Falling to $63,000
A bearish scenario warns that Bitcoin could retreat to the $63,000–$75,000 range if U.S. stocks undergo a sharp correction. These are hypothetical levels, not confirmed forecasts.
Brief analysis: Bitcoin is currently trading near $84,642, according to the 15-minute chart, up about 2.40%. The price is trading above the 7-, 25-, and 99-period moving averages, reflecting short-term bullish momentum. Resistance is near $84,828–$84,938, while the first support level is at $84,400, followed by $83,850.
A breakout above resistance could support further gains, while a break below support could lead to a short-term correction. A drop to $63,000 remains a scenario tied to deteriorating market conditions, not a confirmed signal of the coming trend.

Trump Wages War on Cryptocurrency Fraud

On October 21, 2026, U.S. President Donald Trump is preparing to launch a federal campaign to combat cryptocurrency fraud networks, particularly fake investment platforms and criminal networks operating from abroad.

The move comes after the FBI received more than one million reports of online fraud over the past year, a 17% increase from 2024, and shut down 241 fake websites and 112 servers linked to these activities.

The campaign could strengthen investor protection and confidence in the digital currency sector while tightening oversight of suspicious platforms


#Fraud