See the full story in the original article.
Read the original on CoinDesk ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/30/2026 | 77,368.77 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Bitcoin Looks Like A 'Relative Dud' Against Gold And US Treasuries, Says Bloomberg's Mike McGlone
Bloomberg Intelligence senior commodity strategist Mike McGlone warned that Bitcoin is losing ground to gold and long-dated U.S. Treasuries, and the slide could spread to risk assets. He said the Bitcoin-to-gold ratio is more likely to fall toward 15 than rise toward 25, and that the ratio has closely followed the Nasdaq-100 Index. In a separate post comparing iShares 20+ Year Treasury Bond ETF (TLT) with BlackRock's iShares Bitcoin Trust (IBIT), he put the IBIT-to-TLT ratio at 81 on October 30, below the 100 level he set at the end of 2024, and said it has not stayed above 100 since the fourth quarter of 2025. Bitcoin was around $77,300 on Saturday, 3.4% below $80,000, and McGlone said bonds outperforming Bitcoin for about two years could show what's to come if it stays below that level.
- Jordi Visser Says One Overlooked Event Could Help Bitcoin Break Out Of Its Slump
According to the article, Visser links the pressure to heavy borrowing for AI. It also notes that Oracle has signaled it will not raise much money before June.
- Bitcoin held up better than expected after Binance hack, Strive CEO says
Strive CEO Matt Cole said the Binance hack has not changed his long-term investment case for Bitcoin, though it is too early to determine whether prices have bottomed. Bitcoin traded near $77,400 on Saturday afternoon, about 4% below its level before the attack began on Thursday, according to CoinGecko. Glassnode said the $6.3 billion breach is the largest cryptocurrency hack on record, exceeding the combined losses of the next nine largest hacks. Cole likened the attack to a bank robbery rather than a failure of Bitcoin's network, and Strive reported holding 43,000 BTC as of Oct. 23.
- Two Fed Officials Just Called for More Rate Hikes, Starting Soon
Dallas Fed President Lorie Logan and St. Louis Fed President Alberto Musalem said two days after the FOMC held rates that the hiking cycle is not over. Logan said the committee needs at least two more 25-basis-point increases before it should pause to examine developments, while Musalem said additional firming will be necessary, and soon. PCE inflation was 3.6% year over year in September, core PCE was 3.1%, and real GDP grew at a 3.4% annual rate in the third quarter. CME FedWatch put the odds of a December quarter-point hike at about 76%, and the two-year Treasury yield fell to 4.56% from 4.61%. The article says the risk for stocks lies in the gap between the one hike markets have priced in and the at least two Logan is calling for.
- A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fears
- Binance’s $6.3 billion hack raises questions about crypto wallet safety
Two security breaches in the same week, including the largest cryptocurrency theft on record, have raised questions about storing funds on crypto exchanges. A Binance security incident affected some $6.3 billion in client assets, while Polymarket temporarily halted trading on its international exchange after a third-party data provider was hacked, with at least $2.7 million drained from user wallets. Unlike bank deposits insured by the FDIC, there is no similar coverage for funds lost from crypto exchanges, though Binance and Polymarket pledged to make affected users whole. Experts told CNBC the incidents are not surprising and expect more security incidents in the near term, with crypto seen as a unique target given how quickly users can access large amounts of liquidity. U.S.-regulated platforms Coinbase and Robinhood were not affected, and CFTC Chairman Michael Selig said offshore exchanges lack the safeguards found in U.S. financial markets.
Related markets
Latest news
- Alamos Gold's 2027 Outlook: Production Set to Jump as an $835 Million Expansion Wraps Up
Alamos Gold's shares have fallen this year after a seismic event at its underground Young-Davidson mine and delayed leach recoveries at La Yaqui Grande. The stock trades at $27.45, down 12% over the past year. Hidden Gems' AI-powered scoring gives the company a Superscore of 87 out of 100 (Strong), ahead of roughly 98 of every 100 companies in its database. Strengths cited include record revenue of $1.8 billion, $352 million in free cash flow, a 44% operating margin in fiscal 2025, and seven consecutive years of reserve growth. Risks noted include mining's operational volatility, execution on the Magino mill and Island Gold shaft projects, dependence on gold prices, and a trailing P/E of 13.16.
- Caledonia Mining’s 2027 Outlook: $150 Million Raised for Bilboes and a Dividend That Keeps Paying Through the Turbulence
Caledonia Mining shares traded at $20.25 as of October 30, down 28% over the past year despite strong revenue growth. Hidden Gems rates the company 79 out of 100 on its Superscore (Strong), ahead of roughly 88 of every 100 companies scored. Highlights include 2025 revenue up 39% to $254 million, a 46% operating margin, operating cash flow up 82% to $76 million, and a $150 million convertible note to fund the Bilboes project. Risks include jurisdiction risk in Zimbabwe, 2026 all-in sustaining cost guidance raised to $2,650 to $2,850 per ounce, and full-year production guidance cut to 69,000 to 72,500 ounces after third-quarter output fell 11% on delayed compressor deliveries. Management expects 2027 production to exceed the previous guidance range.
- Anthropic Intends to Trade on the Nasdaq Under the Ticker ANT
Anthropic has filed a prospectus for an IPO expected to trade on Nasdaq under the ticker ANT, though it has not yet set a price. Its second-quarter revenue rose nearly 15-fold year over year to $11.6 billion, with 11,900 customers paying at least $100,000 and 1,900 paying at least $1 million. Operating income reached $974 million in Q2, reversing earlier quarterly losses, while the net loss widened to $66 billion due to a non-cash charge tied to some private fundraising rounds. The 94 pages of risk factors warn that AI models may act in unintended or misaligned ways, and also cover competition, compute costs and concentrated voting rights in management. The prospectus omits third-quarter results, and the IPO price is expected to be set after a roadshow with potential investors.
- 1 Great Number From Anthropic's IPO Prospectus and 1 Number That Disappointed
Anthropic has released its IPO prospectus, a filing of over 400 pages, ahead of an IPO that could raise $100 billion at a valuation of up to $2 trillion. On the positive side, revenue from outside its top five customers made up 79% of third-quarter revenue, no customer exceeded 10% of revenue in the nine months ended Sept. 30, and more than 11,900 customers spent over $100,000 in the trailing 12 months, accounting for 74% of revenue in the first half of 2026. The weaker figure is third-quarter revenue of roughly $16.9 billion, up about 47% from the second quarter, slower than the 144% growth seen in the second quarter versus the first. Some Wall Street analysts suggested growth may not be sufficient at the desired valuation, with Saxo Markets saying valuation will be the big debate, while D.A. Davidson attributed the slowdown to competition from frontier models such as OpenAI's and open-weight models rather than weaker broader AI demand.
- Home Depot Is Down 24% From Its High. Here's Why I'd Hold It for a Decade.
Home Depot, a blue chip home improvement retailer with more than 2,000 stores worldwide, has high profit margins and a high return on capital, but its shares are down 11% over the past five years, well behind the S&P 500 amid a weak housing market. The author still believes the stock is worth holding for the next decade, citing four reasons: its position as one of two dominant players alongside Lowe's, a focus on professional contractors including the SRS Distribution acquisition, a leadership position that faces little disruption from Amazon because many products are bulky, and an expected housing rebound given an estimated shortage of around 4 million homes. The company forecast a 12.5% operating margin, versus a historical level closer to 15%, and had a 25.7% return on invested capital in 2025.
- 5 insightful analyst questions from Microsoft’s Q3 earnings call
Microsoft's third quarter beat Wall Street expectations, with revenue of $92.28 billion versus $90.64 billion expected (1.8% beat) and GAAP EPS of $4.92 versus $4.72 (4.3% beat). Management credited wide adoption of its cloud and AI offerings, particularly Copilot and Foundry, for rapid growth in enterprise demand, and CEO Satya Nadella said automated tasks have nearly doubled since July. Gross margin was 67.8%, down from 69% a year earlier, while operating margin of 49.8% was in line with the prior year; market capitalization stood at $3.94 trillion. The article also reviews five analyst questions from the call, covering long-term return drivers, Azure growth, enterprise versus digitally native AI workloads, operating margin sustainability, and usage-based billing outside coding.
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.