One liquidity level has already been taken. The next one is around 2.25 trillion.
$BTC should still give us some hope, even if this ends up being a fake bounce. I'm adding a few on the spot market right now. I'll keep DCA if it drops further.
Binance Co-CEO Richard Teng just broke down the incident.Key Takeaways: 👇It was a highly sophisticated multi month campaign. All entry points are closed, affected systems rebuilt, and security tightened with stronger device controls, wallet risk checks, and expanded AI anomaly detection.
Users did not lose money. Binance is covering the full amount. 98% of impacted assets are already replenished. You can verify balances on Proof of Reserve.
Roughly $2.85B has been frozen or intercepted so far with law enforcement and partners. Binance also stopped 57 other suspected North Korea linked threats this year.
AI is speeding up attacks. The only defense that scales is AI at the same speed.I think Binance is putting users first, and the transparency around what happened is helping rebuild trust across the space. TBH, I never once worried about my own funds, even in the middle of one of the biggest attacks crypto has seen.
Binance just faced the largest crypto hack in history (around $6.3 billion), yet the situation is already under control. That is why the market barely reacted, and $BTC did not even drop 5%. If you are a Binance hater, deep down you know the funds are safe. 😂
Some of you are comparing this to the FTX collapse. That does not make sense. FTX failed because of internal fraud and missing customer funds. Binance was hit by an external attack on its hot wallets. No private keys were leaked. User funds are safe, and Binance is covering every loss from its SAFU fund and company reserves. Over 50% of the stolen amount has already been frozen on-chain.
🇺🇸 Intercontinental Exchange (ICE), the owner of the NYSE, has partnered with Trade[XYZ] to build a regulated U.S. venue for 24/7 perpetual futures on Hyperliquid infrastructure.
HUGE achievement for $XRP 🔥 Ripple just locked in final OCC approval for Ripple National Trust Bank. They can now manage RLUSD reserves + run regulated crypto custody under full federal supervision.
Bitcoin's price action looks weak. As long as the total market cap stays below $2.7 trillion, there is a chance we can sweep the $2.5 trillion level. For $BTC that would be around $77k.
Switzerland just approved its first retail spot $BTC ETF 🔥 FINMA greenlit BIT Asset Management’s BBIT fund. It holds Bitcoin directly and will trade on the SIX Swiss Exchange starting in November. Everyday investors get regulated access. Big step for Europe. 🇨🇭
Just tested Binance AI Pro with a simple BTC idea I’ve had sitting in my notes.
You chat with it, it builds a visual Strategy, you tweak it, then paper trade it with virtual funds before you ever go live. No coding. No extra app. Still early, but the workflow feels pretty clean so far. Try it here: https://ai.binance.com/
The FOMC decision is coming on October 28th. Right now, there is over an 80 percent chance of no rate cut. But if you see any movement in these odds or a surprise decision, we will likely see the effect on $BTC 👀
Previously, I shared this chart with you many times! I even told you to buy some altcoins when the chart made a double top. If you bought at that time, you are still in good profit.
But for those who didn’t buy, or who took early profits like me, you will get another chance. I believe stablecoin dominance can still hit that range before the next leg down. And when it does, your alts will fly again.