Hey crypto addicts,


North Korea-linked hackers are responsible for an estimated 89% of global cryptocurrency hacking losses in 2026, highlighting the growing scale of state-backed cybercrime targeting the digital asset industry. According to blockchain analytics firm Chainalysis, the sharp increase comes as crypto thefts reach unprecedented levels, with the recent $6.3 billion Binance breach drawing renewed attention to the threat.

Chainalysis has linked the Binance incident to TraderTraitor, a North Korean hacking group known for targeting cryptocurrency exchanges and blockchain platforms. Investigators identified similarities in the movement of stolen funds, including connections to assets taken from Bitget in a previous attack.

The findings raise serious concerns about crypto security as increasingly sophisticated attacks threaten exchanges, investors, and institutional confidence. With North Korea-linked operations accounting for a growing share of stolen assets, stronger security measures and international cooperation are becoming increasingly important. Here’s what you need to know from today’s crypto market.☕

What we’ve covered for you today:

Binance is moving to restore user confidence after suffering an estimated $6.3 billion security breach, one of the largest crypto thefts on record. The exchange has set aside more than $6.34 billion in company funds to cover the affected assets, while working with industry partners to recover stolen funds. Around $3 billion has already been frozen, and Binance says users will not bear the losses.

The exchange is also preparing to gradually restore withdrawal services within approximately 34 hours, subject to security checks and infrastructure reviews. Co-CEO Richard Teng confirmed that Binance is strengthening its security systems and plans to publish an updated Proof of Reserves report to demonstrate that customer assets remain fully backed.

The recovery effort comes as the breach raises broader concerns about centralized exchange security and institutional trust in the crypto market. With billions of dollars involved, Binance's ability to restore normal operations and demonstrate financial transparency could become an important test for the wider industry. Here’s what you need to know from today’s crypto market.☕

The NFT market is facing renewed pressure as weekly sales dropped 35.37% to $42.13 million, despite an increase in trading activity and participating wallets. According to CryptoSlam data, buyer addresses climbed 44.10% to 216,012, while transactions increased 30.54% to more than 935,000. The decline suggests that more participants are entering the market but spending significantly less on digital collectibles.

Ethereum reclaimed its position as the leading blockchain for NFT sales, generating $13.17 million despite a 17.53% weekly decline. Polygon followed with $9.40 million, while Bitcoin sales plunged nearly 80% to $6.27 million. Meanwhile, Courtyard topped individual collections with $8.58 million, highlighting continued demand for tokenized physical collectibles even as the broader market weakens.

The contrasting figures point to a market where participation is growing but overall spending remains under pressure. With transaction volumes rising alongside declining sales values, the NFT sector continues to face questions about sustainable demand and investor confidence. Here’s what you need to know from today’s crypto market.☕

Crypto-related companies secured approximately $1.24 billion across 10 disclosed funding deals between October 24 and 30, highlighting continued investor appetite for the digital asset industry. Leading the activity was prediction market platform Kalshi, which raised $1 billion in a Series G round at a $40 billion valuation, backed by major investors including Sequoia and Wellington Management. The funding reflects growing confidence in prediction markets as they expand beyond traditional crypto-related services.

Beyond Kalshi, HIVE Digital Technologies secured a $129 million loan to expand its AI infrastructure using Nvidia GPUs, while stablecoin payments provider PhotonPay raised $40 million in a Series C round led by Blockchain Capital. These deals demonstrate how investment is increasingly flowing into AI computing, payment infrastructure, and institutional blockchain services rather than focusing exclusively on crypto trading.

The latest funding activity highlights a broader shift in venture capital priorities as investors seek opportunities across emerging financial and technology sectors. With prediction markets, AI infrastructure, and stablecoin payments attracting significant capital, the next phase of crypto growth may extend well beyond digital asset speculation. Here’s what you need to know from today’s crypto market.☕

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Tether reported $1.5 billion in third-quarter operating profit as its excess reserves nearly doubled to $7.95 billion, strengthening the financial cushion backing its USDT stablecoin. According to its latest attestation prepared by accounting firm BDO, the company held $191.5 billion in total assets against $183.5 billion in liabilities at the end of September.

Bitcoin's long-term security is facing renewed scrutiny as concerns over quantum computing begin influencing institutional investment decisions. Stacks founder Muneeb Ali warned that Bitcoin needs meaningful progress toward quantum-resistant technology by 2028, with a broader transition targeted for 2030, although implementing the necessary upgrades could take years

Binance has suffered the largest cryptocurrency theft on record after hackers drained approximately $6.3 billion from its transaction-processing wallets in an attack that unfolded within roughly 20 minutes. Investigators believe the attackers compromised the exchange's transaction-signing infrastructure, potentially allowing unauthorized withdrawals without directly stealing wallet private keys.

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