🔐 A $6B exchange hack just happened. Here’s what every crypto user can learn from it. Binance says an attack drained about $6.3B from its hot wallet on Oct 29. Its CEO says customer assets were not affected and that losses will be covered with company funds. About $3B has been frozen so far. Withdrawals are still paused. Binance says it will publish a proof-of-reserves report by Nov 2. Binance CEO Says Full Proof-of-Reserves Report Due Nov. 2, Pledges Full Compensation for Hack Losses Whatever happens next, these habits protect you on any exchange: ✅ Read the Proof of Reserves report when it’s out, and compare it with past ones ✅ Use passkeys or an authenticator app, not SMS ✅ Turn on withdrawal address whitelisting ✅ Keep on exchanges only what you actively trade ✅ Don’t put everything in one place Transparency during a crisis tells you a lot. I’ll be watching the updates and sharing what I find. Disclosure: I may earn referral commissions from Binance, which is why I’m especially careful about what I share. Not financial advice. #Binance #Crypto #CryptoSecurity #Bitcoin #Trading
📉 Crypto got hit hard this week. Where do $BTC , $ETH and $SOL stand now?
Big picture: Bitcoin is around $77K and ETH near $2,240 after the Binance incident. Liquidations topped $1.5B at the peak, mostly leveraged longs, and the Fear & Greed Index sits at 30. bitcoincoingabbar
Solana (SOL): trading around $95–96, with a market cap near $56B. That’s roughly two-thirds below its all-time high of about $295. 📊 One analysis flagged a bearish crossover, with the 20-day EMA falling below the 50-day for the first time since August, and RSI under 35. 📊 Another report says SOL slipped under the psychological $100 level. 🔧 On the positive side, it points to the Alpenglow consensus upgrade, which aims to cut transaction finality times. Solana Price Today
Two ways to read it: 🐂 Galaxy’s Alex Thorn argues the bear market likely ended in June and bitcoin is in an accumulation phase. 🐻 Technicals look weak: BTC is testing its 200-day average near $76,400–76,600. SOL is also below key moving averages. Altcoins like SOL usually move more sharply than BTC, in both directions. Nobody knows which view wins, so decide your position size and exit plan first, and only use money you can afford to lose.
Are you watching SOL or waiting on the sidelines? 👇
Disclosure: I may earn Binance referral commissions. This is analysis, not financial advice, and no outcome is guaranteed.