Nasdaq 100 futures slumped 646 points, or 2.2%, early Friday, extending the prior session's 1.38% decline in the Nasdaq Composite as Amazon and Intel earnings added to concerns over massive AI spending. Alphabet had its worst day ever on Thursday, losing more than half a trillion dollars in market value, while Microsoft completed a $25 billion bond offering to help fund its AI ambitions. Binance said $6.3 billion was stolen in a hack, about half of the affected assets were frozen by stablecoin issuers such as Tether and Circle, and Bitcoin fell 2.6% to $78,001.8. Amazon shares fell more than 6% and Intel shed more than 25% premarket, after Intel forecast fourth-quarter sales of $15 billion to $16 billion, below the $17 billion estimate. The Bank of Japan kept its rate at 1.25% and said it will speed up its sale of stock.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Nasdaqcryptotech stocksinterest ratesBinance
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/29/2026 | 698.46 |
| Change that session | -8.08% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/29/2026 | 77,991.89 |
| Change that session | -4.12% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/29/2026 | 2,253.13 |
| Change that session | -4.52% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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.
- Live News: Binance hack rattles crypto as Intel plunges and AI spending fears hit tech
- Binance's $6.3 billion hack: What we know and what comes next
Binance suffered a hack with an estimated impact of $6.3 billion, with about $3 billion in assets frozen so far and the exchange pledging to cover all losses. TRM Labs attributed the attack with high confidence to TraderTraitor, a North Korean state-sponsored hacking unit, and Chainalysis also linked it to the same group. TRM Labs estimated about $6.36 billion was moved from Binance wallets across 10 blockchains, mostly within about 20 minutes, after preparations began at least 36 hours earlier. Stablecoins such as USDT and USDC are easier to recover because their issuers can freeze and reissue them, while bitcoin and ether are harder to recover. Fundstrat's Sean Farrell said the attack does not currently appear to pose meaningful solvency risk, given that roughly $3.3 billion remains unfrozen and the roughly $1.2 billion SAFU fund could cover part of the losses.
- Binance hacker dumps a little-known 2017 token and it crashes 90%
- Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor
Binance estimates the total impact of the breach at about $6.3 billion, with roughly $3 billion in crypto frozen so far. Withdrawals are paused for a security overhaul and expected to resume within 48 hours, while deposits operate normally. The exchange said the breach may have started with a compromised DevOps engineer's laptop, though it found no evidence of a wallet private-key leak. Chainalysis, TRM Labs and other analysts attribute the attack to North Korea-linked TraderTraitor, and Chainalysis put the theft at $6.4 billion. Standard Chartered said the hack could push more trading toward decentralized exchanges such as Uniswap, while Bitcoin fell 4.9% over 24 hours to about $76,937.
- North Korea’s TraderTraitor linked to $6.3B Binance hack
Crypto investigators TRM Labs, Chainalysis and onchain investigator ZachXBT have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group. TRM Labs said it attributed the attack with “high confidence,” while ZachXBT said funds stolen from Binance and the earlier Bitget exploit were commingled at the same address after moving through THORChain, indicating the same actor is likely behind both. Chainalysis co-founder and CEO Jonathan Levin put the amount stolen at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact, and said the group was likely responsible. The article also notes US authorities have tied TraderTraitor to major thefts, including the February 2025 Bybit hack and the more than $300 million DMM Bitcoin theft in May 2024, and that the FBI says the group targets employees through social engineering.
Related markets
Latest news
- More than 450 stocks sink into the red
The VN-Index closed the October 30 session at 1,741.62 points, down 13.99 points (0.8%), its second straight decline. It fell more than 25 points at one point to near 1,728, then recovered about 14.6 points on afternoon bottom-fishing and support from large caps such as VIC, VHM and GAS, but still ended below 1,750. On HoSE, 67 stocks rose and 245 fell, while 453 stocks declined across all three exchanges on liquidity of about 15,770 billion VND. All 13 bank stocks in the VN30 fell, and bank sector liquidity of about 2,794 billion VND was the lowest in 20 sessions. Foreign investors net sold more than 641 billion VND, led by VIC (about 354 billion VND) and TCB (over 133 billion VND).
- National Assembly Deputy: “Citizens Still Hold About 500 Tonnes of Gold, Roughly 12% of GDP”
Deputy Lê Hoàng Anh of Gia Lai told the National Assembly that the economy still relies heavily on bank credit, with outstanding loans around 155% of GDP while nearly 80% of mobilised funds have maturities under 12 months. He highlighted a paradox: household deposits exceed 11.2 million billion VND and citizens hold about 500 tonnes of gold, roughly 12% of GDP, yet the corporate bond market is only 11% of GDP, short of the 20% target for 2025. The lack of domestic capital channels has pushed many Vietnamese tech firms to set up foreign parent companies to raise funds. He proposed three measures: lending based on cash-flow data such as e-invoices, tax and trade records; keeping equity capital at home through holding companies in the International Financial Centre and attracting parent companies back at reasonable tax cost; and channelling household savings via voluntary pension funds, open-end funds and a pilot gold certificate scheme.
- Here’s the math on Amazon CEO’s claim to be on path to two trillion-dollar revenue businesses
Amazon CEO Andy Jassy set an ambitious target during the conference call announcing third-quarter earnings.
- From G-DRAGON and T1 to BIGBANG: VPBank Builds an “Exclusive Universe” for Vietnamese K-pop Fans
The article presents VPBank's push to build a K-culture ecosystem, with its bank card positioned as the “passport” for fans to access events. One customer, Nguyễn Phương Mai of Đà Nẵng, said her VPBank Mastercard let her buy BIGBANG concert tickets three days ahead of the general sale, and she attended the show at Mỹ Đình stadium, which drew nearly 90,000 fans. The bank previously backed events such as VPBank K-Star Spark 2025, offering Visa cardholders early access and discounts of up to 20%, and presale access for Mastercard holders at the G-DRAGON World Tour. According to the article, VPBank aims to combine the draw of events produced by VPShow with card-linked privileges to deepen customer relationships.
- Look Who's Upgrading America's Nuclear Forces Now
The U.S. Air Force awarded RTX a sole-source contract worth up to $8 billion to restart production of modernized Strategic Communications Terminals used by the Air Force Nuclear Weapons Center at Kirtland Air Force Base, which manages nuclear commands for land-, sea- and air-launched weapons. The initial award is $800,000, with payments spread over 10 years and completion set for October 2036, and DefenceBlog.com reports the effort aims to modernize most parts of the nuclear triad at once. The author notes the roughly $800 million a year is under 1% of RTX's $96 billion revenue and estimates the contract could add about $90 million in annual operating profit, small against $10.3 billion last year. The author expects limited impact on the stock, which trades at 31 times earnings and still looks overvalued.
- Microsoft Just Announced Incredible News for Nvidia Shareholders
Microsoft's fiscal 2027 first-quarter report showed that about 75% of its capital expenditure went to short-lived assets, mainly CPUs and GPUs, which the article says points to significant growth for Nvidia as a supplier. Microsoft expects capex to accelerate in the second half, again driven by CPUs and GPUs, and forecasts $170 billion in capex for the calendar year. The article says this spending reflects demand already in place rather than speculative build-out. Nvidia stock rose more than 1,100% over the past three calendar years but is up only 15% this year, while data center sales make up 92% of its total sales. The author argues the underlying picture remains strong despite investor concerns about AI spending.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.