Live News: Binance hack rattles crypto as Intel plunges and AI spending fears hit tech

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• Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack

  Bitcoin held above $76,000 after a $6.3 billion hack of Binance and a tech-stock sell-off, with 24-hour crypto liquidations of $1.56 billion, of which long positions made up $1.31 billion according to CoinGlass. Downside momentum cooled after Binance confirmed that all user losses would be covered from its SAFU fund and other company resources. Bitcoin's RSI dropped to 34.7, its lowest since June 30 and approaching the oversold zone below 30, while the four-hour RSI showed a bullish divergence from price. Price closed below the lower Bollinger Band, a move last seen on June 25, leaving it more than two standard deviations below the 20-day SMA of $81,324. Intel shares plunged 26% premarket after guiding fourth-quarter sales to $15–16 billion, below the $17–18 billion analysts had projected.

  Cointelegraph·30/10, 11:29▼ BNB/USDT• BTC/USDTbitcoincryptoBinance
• Here’s how an Ethereum upgrade helped drain part of Binance’s $6 billion lossCoinDesk·30/10, 11:35▼ BNB/USDT▼ BTC/USDTcryptoEthereumBinance
• Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lowerCoinDesk·30/10, 11:09▼ BTC/USDT▼ BNB/USDT▼ ETH/USDTbitcoincryptoBinance
• EIP-7702 didn’t cause Binance hack, but may have amplified losses

  Blockaid says compromised signing systems likely enabled Binance's $6.3 billion hack, the largest in crypto history, while the Ethereum EIP-7702 upgrade may have helped attackers bypass security checks by consolidating the theft into one sweep. Attackers could have stolen the funds without the upgrade, according to Blockaid's CEO Ido Ben-Natan, who suspects a compromised developer computer gave access to Binance's wallet-signing infrastructure. Binance confirmed the hack and pledged to cover all losses, first suspecting an engineer's laptop before uncovering more breach points, while CEO Richard Teng said investigators found no evidence that private keys leaked. EIP-7702, introduced in May 2025 with the Pectra upgrade, had drawn earlier security concerns over malicious delegations that drained wallets in May and September 2025. Ambire's Ivo Georgiev said the upgrade made little difference but warned that engineers might overlook revoking a malicious delegation after regaining control.

  Cointelegraph·30/10, 11:00▼ ETH/USDTcryptocybersecurityBinance
• Binance hacker's Bitcoin haul tops Coinbase's corporate treasury

  The attackers behind the $6.3 billion Binance hack now hold 18,270 BTC, worth about $1.4 billion according to Bitquery, which exceeds the 18,071 BTC Coinbase reported as of late September (17,954 BTC for investment and 117 BTC for operations). They also hold 508,621 ETH, more than the 495,362 ETH that BitcoinTreasuries.net attributes to The Ether Machine. Bitquery said the attackers initially stole 200,630 ETH and accumulated the rest by swapping stolen stablecoins and other tokens. Binance confirmed the hack, said about $3 billion in stolen assets had been frozen, and pledged to cover all losses. TRM Labs attributed the attack to North Korea's TraderTraitor group.

  Cointelegraph·30/10, 10:54▼ BTC/USDTbitcoincryptoBinance
• Binance Finds 'Additional Points of Breach' in $6.3B Hack

  Binance estimates the total impact of Thursday's security incident at around $6.3 billion, with about $3 billion frozen onchain. The exchange initially pointed to a compromised DevOps engineer's laptop but now says its investigation has uncovered 'additional points of breach.' Binance said it will cover all losses from its SAFU fund and company funds, and has reopened deposits while withdrawals remain suspended during a security revamp. Blockchain analytics firm Arkham put the haul at $6.01 billion taken from Binance hot wallets across nine blockchains, of which $2.80 billion was frozen by issuers and $2.9 billion could still be moved. Binance said it has found no evidence of any wallet private key leak.

  Decrypt·30/10, 09:31▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTcryptocybersecurityBinance

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• Satya Nadella Just Took a Shot at Oracle and CoreWeave

  On the October 28 fiscal Q1 2027 earnings call, Microsoft CEO Satya Nadella dismissed growth that relies on a handful of customers buying large amounts of capacity as not a real business, without naming any company. After hours, CoreWeave (CRWV) fell 4.43%, Nebius Group (NBIS) dropped 5.12%, and Microsoft (MSFT) rose 2.41%. Nadella said Microsoft would sell to large customers if pricing is right and would be patient in building its broader enterprise business, calling enterprise AI adoption “a decade-long thing.” Azure revenue grew 48%, total revenue reached $92.28 billion, and non-GAAP EPS of $4.89 beat the $4.72 estimate. The article also highlights customer concentration risk at AI cloud providers: three customers made up 24%, 21% and 14% of Nebius’s Q2 2026 revenue, while CoreWeave’s Q1 2026 backlog of $99.4 billion included a $21 billion commitment from Meta.

  Yahoo Finance·30/10, 11:47• MSFT
• Sterling today: Pound firms as dollar slips on midterm, AI jitters

  Sterling rose 0.41% to $1.3432 and the euro gained 0.20% to $1.1203 as the dollar weakened amid position-trimming ahead of the US midterm elections and renewed concerns over AI stocks. Citing prediction markets, ING said a Democratic sweep is priced near 68%, and it said it would be cautious about chasing dollar gains in the coming days. US data leaned hawkish, with third-quarter GDP growth of 3.4%, above consensus, and September core PCE up 0.3% month-on-month, leaving markets pricing a December rate hike. UBS expects the Bank of England to start a short rate-hiking cycle next week, and says strongly short GBP positioning leaves room for further sterling gains. GBP/USD rose 1.22% in October and GBP/EUR gained 2.40%, its biggest monthly advance in the 2026 data.

  Yahoo Finance·30/10, 11:40▼ DXY▲ GBP/USDUS dollarpound sterlingexchange rates
• Zcash grants group offers $124M compromise as governance backlash grows

  Zcash Community Grants (ZCG) has proposed moving about 36,200 ZEC from its roughly 91,500-ZEC treasury to the Network Sustainability Mechanism (NSM) for future mining rewards, while forgoing about 62,000 ZEC in future allocations and tapering its remaining funding until the 2032 halving. Together, the changes would redirect about 98,000 ZEC (about $124 million) toward block rewards, leaving the committee with about 55,200 ZEC, worth about $70 million. The group describes the plan as preliminary, but critics have pushed back: Helius co-founder and CEO Mert Mumtaz called it “nowhere near good enough” and said the treasury is already too large, while Gemini co-founder Tyler Winklevoss questioned the accountability of a committee overseeing $110 million. The criticism follows a proposal by Zcash co-founder Sean Bowe to end ZCG’s automatic 8% share of newly issued ZEC and redirect it to the NSM while leaving the existing treasury untouched.

  Cointelegraph·30/10, 11:36• ZEC/USDT
• If a Stock Market Crash Is Coming, History Suggests These Are 2 Crucial Moves to Make.

  The article notes the S&P 500 has gained 100% since the start of 2023, driven by investor enthusiasm for AI stocks such as Nvidia, Micron Technology and Microsoft, but worries are growing about AI overspending, higher interest rates and near-record valuations. Although the Federal Reserve held rates steady at its latest meeting, CME Group’s FedWatch tool puts the probability of a rate hike at the December meeting at 83%. The article argues that market crashes are a normal part of the cycle, so preparing early makes sense, and suggests two steps: taking a long-term view with holdings of at least five years, and buying quality stocks at reasonable or low prices during downturns.

  Yahoo Finance·30/10, 11:35
• Google Just Burned $9 Billion in a Quarter. Is the AI Spending Party Getting Dangerous?

  Alphabet posted negative free cash flow of $9.065 billion in Q3 2026, as capital expenditures of $51.355 billion exceeded operating cash flow of $42.29 billion, even though revenue rose 24.65% to $127.577 billion. GAAP EPS of $2.12 missed the $2.97 consensus due to an $8.7 billion loss on equity securities, and shares fell 10.13% in after-hours trading. Future purchase commitments reached $924 billion and pre-commencement leases and other obligations $152 billion, while 2026 capex guidance is $195–205 billion, with 2027 spending expected to rise substantially. Alphabet raised $28.7 billion from senior unsecured notes and sold $4.3 billion of Class A and $8.1 billion of Class C shares through its at-the-market program. Search and other revenue of $63.35 billion missed the $64.85 billion consensus, while Google Cloud revenue grew 103%.

  Yahoo Finance·30/10, 11:32▼ GOOGLGOOGLAI investmentearnings
• Musk and Zuckerberg echo Trump's push to rebrand AI as 'super intelligence' on earnings calls. Others did not

  A month after Trump ordered that “super intelligence” replace “artificial intelligence” in federal executive agencies, Elon Musk and Mark Zuckerberg adopted the term on their companies’ earnings calls. SpaceX and Tesla followed suit last week after Musk renamed SpaceX's AI division SpaceXSI earlier in October, and Zuckerberg stressed “personal superintelligence” on Meta's Oct. 21 call, though Meta had already used the term through its Superintelligence Labs unit. Other tech leaders, including Amazon's Andy Jassy, Microsoft's Satya Nadella and Alphabet's Sundar Pichai, kept saying “AI,” while IBM, Intel and Palo Alto Networks used “super intelligence” or SI. The article links the shift to Trump's push ahead of the midterm elections, as his approval ratings have been falling, and notes the term is also appearing in Microsoft's annual report.

  CNBC·30/10, 11:30• METAartificial intelligenceElon MuskDonald Trump