Author: Kelvin Munene

Binance has reported a USD 6.3 billion crypto hack, with investigators suspecting North Korean hackers. The exchange has frozen approximately USD 3 billion in affected assets, while BNB price dropped over 6% amid efforts to recover the stolen funds.

Singapore police reported SGD 3.5 million in losses from tampered Ledger cryptocurrency hardware wallets sold at local stores. Investigators discovered malicious components capable of stealing recovery phrases and private keys. Ledger has suspended sales across seven Asian markets as investigations continue.

Bitcoin rose 2.4% above USD 81,000 as spot ETF inflows returned and technology stocks rallied. Short liquidations also supported the recovery, while investors awaited the Federal Reserve’s interest rate decision. Traders are watching USD 82,500 as the next resistance level.

XRP rose almost 1% to USD 1.30 after Ripple secured final OCC approval for its national trust bank. The announcement came ahead of Swell 2026, drawing attention to Ripple’s expanding institutional services. XRP now faces resistance at USD 1.35, while USD 1.28 remains a key support level.

Electrum has fixed a Bitcoin wallet vulnerability that allowed malicious servers to redirect transactions when users increased payment fees. At least one user lost funds before developers released version 4.8.3 on October 24. Users are advised to update their wallets and verify transaction details.

Bitcoin has fallen 0.82% to USD 81,756.76 over 24 hours as losses in US technology stocks, Bitcoin ETF withdrawals, and forced selling weighed on the cryptocurrency. The latest decline followed a broad sell-off in U.S. technology stocks on October 22. The Nasdaq Composite dropped 2.6%, while the S&P 500 lost about 1.2%. Investors reduced exposure to technology companies after fresh earnings reports raised questions about spending on artificial intelligence. Meta was among the companies facing selling pressure. Its third-quarter earnings release put planned 2026 capital spending at USD 135 billion to USD 145 billion, up from a previous range of…

AAVE recovered above USD 150 on October 21, rising 5.45% in 24 hours to USD 156.63 as traders assessed Citi Research’s outlook for lending against tokenized assets. The rebound followed a drop below USD 150 on October 20, when the token traded as low as USD 147.37. Citi Sees a Role for Tokenized Collateral Lending In an October 19 research note circulated on October 20, Citi analysts Peter Christiansen and Aditi Balachandran identified collateral mobility as a possible use for tokenization. Their analysis examined how lending platforms could let investors borrow against digital versions of bonds, funds and other financial…

Bitcoin climbed above USD 82,500 as China’s economy grew 4.5% in the third quarter, beating forecasts. Stronger economic data and falling oil prices supported global markets, lifting South Korea’s Kospi and Nasdaq futures. However, Bitcoin faced resistance near USD 85,000 amid continued ETF outflows.

Bitcoin rebounded above USD 82,000 after briefly falling below USD 80,000 as markets recovered from hotter-than-expected U.S. inflation data. Meanwhile, Google Gemini AI outlined a possible USD 175,000 Bitcoin price by January 2027, although the scenario depends on major institutional purchases and government policies that remain uncertain.

Tether reportedly paid USD 6.3 million to a consulting firm co-owned by former White House crypto adviser Bo Hines while he helped advance the GENIUS Act. The payments have raised questions about potential conflicts of interest, although the firm denies Hines participated in its Tether dealings during his government service.