U.S. spot Bitcoin ETFs saw $643.2 million in outflows on Friday, their biggest outflow of October and first full session after the roughly $6.4 billion Binance hack. Ethereum ETFs extended their outflow streak to five days, about $431 million, and Solana ETFs lost about $72 million over the week. Bitcoin fell about 4% on Friday, with more than $1.3 billion in leveraged positions liquidated, before steadying near $77,520 on Saturday. Binance pledged to cover all losses with company funds and an emergency reserve, while Tether and Circle froze more than $2.3 billion in stolen stablecoins. The article notes the drop was far smaller than the nearly 11% plunge after a failed attack on Binance in 2018.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Decrypt ↗
Keywords
bitcoincryptoETFBinancestablecoins
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/31/2026 | 77,582.02 |
| Change that session | +0.28% |
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 10/31/2026 | 703.95 |
| Change that session | -0.07% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 10/31/2026 | 2,255.66 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Weekly Wrap: Crypto Plunges After Binance Hack
Bitcoin fell 5% to $77,000 and Ethereum fell 4% to $2,240 on the afternoon of Oct. 30, after reports of a $6.3 billion theft at Binance, described as the worst cryptocurrency attack ever. Binance temporarily suspended withdrawals, expects to resume them within 48 hours, and pledged to cover all losses, but reports say institutions are pulling assets from other exchanges. Elsewhere, Ripple secured a U.S. national trust bank license, while Datavault AI said it cannot access a large part of its Bitcoin and will restate its results, reducing reported assets by $92.2 million. Visa said its annualized stablecoin settlement volume surpassed $25 billion, a tenfold increase from a year earlier. Strategy's CFO Andrew Kang will step down on Nov. 5.
- Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the roughly $6.3 billion Binance hack, the largest crypto theft ever, is unlikely to derail the broader market's recovery. Cantor's Ramsey El-Assal noted stablecoin issuers froze about $3 billion of the stolen funds, including over $1.5 billion by Tether, and said he would buy on weakness, expecting Coinbase, Robinhood and Strategy shares to recover. TD Cowen views the breach as a Binance security problem rather than a Bitcoin one, while Compass Point says Binance has more than enough liquidity to cover the shortfall, though reimbursements could strain stablecoin supply. Moody's Ratings is more cautious, citing hot-wallet cybersecurity risks and concentration risk at centralized intermediaries, with broader impact depending on final losses and confidence. Binance has set aside $6.34 billion to cover losses, the Secret Service and FBI have opened a probe, and TRM and Chainalysis link the hack to North Korea's TraderTraitor group.
- Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
An attacker stole about $6.4 billion from Binance, by a wide margin the largest crypto theft on record and roughly four times the $1.5 billion taken from Bybit in February 2025. The funds moved across three blockchains: about $3.5 billion in ETH, $1.4 billion in BTC and $630 million on Tron, with final accounting still underway. Tether and Circle froze about $2.39 billion of the stolen tokens (43% of the haul), while Aave froze its V3 and V4 markets on Ethereum to guard against bad debt. Binance said it has reserved over $6.34 billion in company funds to cover losses, and ZachXBT said the funds were commingled with the $388 million Bitget exploit and believes the same North Korean hacker group was behind both. Markets fell on the day, with over $1.33 billion in positions liquidated, after HYPE had surged on news that Intercontinental Exchange is investing in trade.xyz.
- 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 hack rattles crypto markets as BNB falls 7%, Bitcoin slides
Cryptocurrency markets fell sharply on Thursday after reports of a potential multibillion-dollar hack involving Binance wallets unsettled investors. BNB dropped 7.2% over 24 hours to about $702, while Bitcoin fell 3.1% to about $78,674 and Ether slid 4% to about $2,263. Blockaid identified approximately $3.3 billion in suspicious transfers, and Arkham Intelligence tracked about $5.84 billion in assets held by wallets labeled “binance-hacker-1029,” though neither figure is a confirmed theft amount. Binance said it was investigating and that user funds were “completely safe,” while Tether and Circle said they had frozen more than $2.3 billion in stablecoins linked to the incident.
- Circle, Tether freeze funds impacted by potential Binance 'security issue'
Circle and Tether froze roughly $1.8 billion in funds tied to a potential hack of Binance, the largest crypto exchange by daily trading volume. Binance has not confirmed an exploit but said it is investigating “a potential security issue” and that user funds are completely safe. Circle CEO Jeremy Allaire said more than 800 million in USD Coin was frozen, while Tether's CEO said the firm froze more than 1.5 billion of its stablecoin. Bitcoin fell more than 3% below $80,000, and Circle shares dropped about 5% in off-hours trading.
Related markets
Latest news
- Expert names stock groups at the "start of the wave" with breakout potential toward year-end
MBS adviser Nguyen Huy Hoang sees opportunities emerging in deeply discounted stocks with positive business fundamentals and prospects for earnings improvement from Q4/2026 to Q1/2027. Accelerated disbursement of public investment capital in the year's final months could let building materials names such as DHA, HPG, NKG and HSG benefit first, with construction contractors VCG, HHV and CTD expected to follow as project progress speeds up. Capital flows are expected to shift toward midcaps, while large-caps, particularly some Vingroup-ecosystem stocks, have mainly been supporting the index. The expert sees VN-Index consolidating within 1,700–1,750 points in the final months of the year, so investment results will depend more on sector and stock selection. Hoang favors deploying capital in tranches during volatile sessions rather than all at once.
- A "tycoon" is about to close its record date for a cash dividend of over 50%, planning to pay nearly 7,000 billion VND
VEAM (ticker VEA) has set November 13 as the last registration date for shareholders to receive its 2025 dividend in cash, at a 52.4% payout ratio, or 5,240 VND per share, with payment expected on December 14, 2026. With nearly 1.33 billion shares outstanding, the total payout is estimated at about 6,963 billion VND, of which the Ministry of Industry and Trade, holding 88.47%, is expected to receive over 6,160 billion VND. Nine-month results grew, with net revenue of nearly 3,827 billion VND (up over 20%) and profit after tax of nearly 5,892 billion VND (up about 13%). Profit from joint ventures and associates, at over 5,125 billion VND, remained the main earnings driver. The 52.4% dividend rate is also VEAM's highest in the past 4 years.
- The story behind unsold share certificates and the 26-year journey of the first two stocks on the exchange
As Vietnam's stock market neared its opening at the end of 1999, the State Securities Commission had approached 14 companies to list, but most declined. REE was the first to agree, followed by SACOM (now SAM Holdings), which was outside the original list. Earlier, REE had struggled to raise capital, finding buyers for a 20% stake in 1993 and issuing a 5 million USD international convertible bond in 1997; SACOM needed 120 billion VND for a new factory but could not sell its 51% stake. Both companies saw listing as a source of long-term capital, though preparing the listing documents proved difficult, especially for SACOM, which drafted its prospectus without outside advisers. The REE and SAM tickers traded in the first session on July 28, 2000.
- Former stock market stars: from "hold and win" to trading at a third or a fifth of their peaks
The article looks at former 'star' stocks DGC, PNJ and FPT, which have either fallen sharply or failed to regain their previous peaks. DGC rose strongly in 2020–2021 on the commodity cycle, but by mid-August had fallen more than 44% year-to-date after management-related events; it now trades at 33,300 VND per share, with market capitalization below 13,000 billion VND. PNJ dropped 82% from its peak 9 months earlier amid the diamond crisis, trades at 15,500 VND per share, and risks a record loss of nearly 6,300 billion VND in 2026 as it sets aside over 7,000 billion VND in provisions. Foreign investors have net sold heavily, pushing PNJ's foreign ownership down to about 26%. FPT has been in a prolonged correction despite business results still growing at a double-digit rate, as foreign investors have pulled back.
- ICE And OKX's Tokenized Stock Venue Hits A Wall As Nvidia, Nike Join Growing List Of Objectors
The planned venue for tokenized U.S. stocks, a 50-50 joint venture between NYSE owner ICE and crypto exchange OKX, faces growing opposition as Nvidia and Nike join companies objecting to their shares being listed. Journalist Eleanor Terrett reported the number of objecting companies has risen to 50, up from 16 in the October 19 notice, out of 62 companies initially proposed for tokenization. Other objectors include Microsoft, Alphabet, Goldman Sachs, JPMorgan and Walmart. The venue plans to operate under a temporary SEC exemption issued in September that allows trading without registering as an exchange, with trading 24 hours a day, seven days a week, and each stock paired against stablecoins such as USDC and USDT. Trades would run through automated liquidity pools on OKX's X Layer blockchain, and only wallets holding a special access token issued by the venue could trade.
- Prediction: A Bear Market Is Coming, and This 1 Investing Move Will Make or Break Your Portfolio
The author argues a bear market will eventually arrive, since corrections and crashes recur, but the market and economy have always recovered to reach new highs. Citing Hartford Funds, bear markets occur on average every 3.5 years and usually last less than a year, while the stock market's long-term average annual gain is close to 10%. According to the author, money needed within about five years should sit in less volatile places such as high-yield savings accounts, CDs, money market accounts or bonds, while long-term money can stay invested to ride out downturns. Near retirement, the piece suggests moving more money out of stocks but keeping some, since a 60-year-old may live 25 more years.
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.