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Articles by Henry Lawson
Binance Net Outflows Top $4.2B After Withdrawals Reopen
Binance recorded roughly $4.25 billion in net outflows over the rolling 24-hour period shown by DefiLlama on Sunday, November 1. The tracker’s data, checked at 17:26 UTC, showed withdrawals exceeding deposits as the exchange resumed access after its $6.3 billion hack. Separately, Binance reported $4.649 billion in withdrawals and $1.01 billion in deposits between 06:00 and 15:30 UTC on Sunday.
Binance Hackers Use Tron DeFi to Dodge Freezes, Chainalysis Says
Attackers behind the Binance theft are using DeFi lending protocols on Tron to reduce their exposure to stablecoin freezes, Chainalysis said on October 31. The analytics firm said it had observed the technique since the early hours of the exchange’s multibillion-dollar breach. One method we’re tracking involves stashing their stablecoins in DeFi protocols.
CFTC’s Selig Pushes Crypto Exchange Security Rules After Binance Hack
CFTC Chairman Michael Selig says the Binance hack strengthens the case for a federal registration option that would bring eligible crypto exchanges under U.S. cybersecurity safeguards. He discussed the plan in an October 30 CNBC interview, Stocktwits reported, contrasting offshore platforms with regulated U.S. markets. The initiative builds on the CFTC’s October 5 consultation covering Regulation Crypto Asset Transactions, or CTX, and Regulation Crypto Asset Markets, or CAM.
Nasdaq Falls 2.3% as Intel Sinks 28% After Weak Outlook
U.S. stocks fell on October 30 as technology shares led the decline. Around 15:20 UTC, the Nasdaq Composite was down 2.32%, the S&P 500 lost 1.45% and the Dow fell 0.63%, according to MarketSpeaker’s report. Intel traded at $66.26, down 28.03%, at 15:21 UTC. The chipmaker’s earnings release forecast fourth-quarter revenue of $15 billion–$16 billion and adjusted earnings of $0.25 a share, leaving investors focused on a weaker outlook despite a stronger third quarter.
OneKey Founder Warns IBIT Could Be a North Korean Hacker Target
OneKey founder Yishi says BlackRock’s iShares Bitcoin Trust ETF, or IBIT, could be a target for North Korean hackers. His October 30 warning is a risk assessment: the post provides no evidence of an IBIT breach or a specific attack plan against the fund. I suspect IBIT is already on North Korea’s shortlist. — Yishi (@ohyishi) October 30, 2026 Yishi argues that keeping private keys offline does not eliminate vulnerabilities in the systems and people approving transactions.
Coinbase Blocks Sends to Compromised Wallets, Offers Binance Help
Coinbase CEO Brian Armstrong says his team is helping respond to the Binance hack, including blocking transfers to compromised wallets. In an October 30 post, he said Coinbase had also contacted Binance directly to offer assistance. Crypto has been through many tough times, and has always come out stronger on the other side.
Elon Musk Warns AI Agents Could Hack for Money of Their Own
Elon Musk warned that future superintelligent AI agents could exploit financial systems to acquire money for themselves rather than for people. He made the prediction on October 30 while replying to a discussion of the Binance security incident.
CZ Says Binance Loss May Exceed $1B, but Will Be Covered
Binance founder Changpeng Zhao said losses from the exchange’s security incident could exceed a roughly $1 billion estimate, while saying they would be covered. His October 29 reply read: “Loss might be a bit higher than that, but will cover.” Zhao was responding to 0xngmi, who estimated remaining losses at around $1 billion after USDT and USDC freezes and cited approximately $144 billion in assets under custody.
Aave Flags Temporary Market Freezes Following Binance Security Incident
Aave said some markets may be temporarily frozen as a precaution following the ongoing Binance security incident. In an October 29 Discord notice reproduced by Tree News, the protocol described the move as a risk-management step to protect users and the system. The notice said new supplies and borrowing of affected assets are paused while a market is frozen. It did not list the affected networks or tokens, specify a reopening time or name Avalanche.
Circle Freezes $823M USDC in Suspected Binance Hack, CZ Says
Circle has frozen approximately $823 million in USDC linked to a suspected Binance hack, exchange founder Changpeng Zhao said on October 29. His statement provides a named source for the figure as Binance investigates the incident. Zhao also cited roughly $971 million frozen by Tether. His two estimates add up to approximately $1.794 billion in stablecoins. That sum describes the freezes he reported, rather than an independently verified total of stolen assets or funds returned to users.
Tether Reportedly Freezes $971M USDT Amid Binance Hack Concerns
Tether froze approximately $971 million in USDT linked to a suspected Binance security incident, Tree News reported on October 29. The report adds a potential containment measure to earlier alerts about large movements from Binance-labelled wallets. TETHER FREEZES $971M USDT IN LIKELY BINANCE HACK — Tree News (@TreeNewsFeed) October 29, 2026 The initial concern came from onchain observer Spreek, who described the possible hack as unconfirmed.
AXIS Falls 36% as ZachXBT Alleges Insider Token Sales
Axis Robotics’ AXIS token fell about 36% over 24 hours on October 29 as blockchain investigator ZachXBT alleged selling by project insiders. CoinMarketCap showed the token trading near $0.14 at about 12:22 UTC, eight days after its market debut. In a Telegram alert, ZachXBT said insiders received more than 76 million AXIS, valued at over $12 million, from a multisignature wallet. He alleged they began selling through decentralized exchanges and transferring tokens to Bitget.
Binance Wallet Sets PREDICT Sale at $0.29 With 6 BNB Cap
Binance Wallet scheduled Predict.fun’s PREDICT Pre-TGE Prime Sale for October 29, from 08:00 to 10:00 UTC. Its campaign terms price 20 million tokens at $0.29 each, payable in BNB, for a $5.8 million fundraising target. Eligible participants need Binance Alpha Points and can commit up to 6 BNB per user. Allocations are proportional to each subscription relative to total commitments.
Crypto Executives Give Over $56M in US Midterm Cycle, Reuters Finds
Reuters tracked more than $56 million in political giving by crypto-linked executives. Its figures cover the 2025–2026 election cycle. Super PAC funding follows different rules from direct candidate donations. Crypto-linked executives have contributed more than $56 million during the 2025–2026 US election cycle, according to a Reuters analysis of federal filings. Its count includes candidates, parties, PACs and some affiliated entities.
Binance Files for Brazil Crypto Licence Ahead of October 30 Deadline
Binance says it has applied to Brazil’s central bank for authorization as a virtual asset service provider. The exchange submitted the application on October 23 through its local entity, BBrasil, according to a statement shared with Cointelegraph, which reported the filing on October 27. The central bank’s filing rules set October 30 as the deadline for first-phase applications under the transition framework.
Mastercard Says Stablecoin Payments Need Faster Fiat Connections
Mastercard’s Matthew Driver says slow fiat conversions can offset the speed of stablecoin transfers. He sees potential in selected remittance routes and corporate payments. Mastercard and BVNK launched Global Money Platform on October 15 to connect fiat and stablecoin services. Stablecoins can speed up payments, but slow conversions into and out of conventional currencies can cancel out the benefit, according to Mastercard’s Matthew Driver.
Willy Woo Highlights $241K–$413K Bitcoin Scenario for 2028
Willy Woo has highlighted a possible Bitcoin cycle top of $241,000–$413,000 in 2028 after running 10,000 simulated price paths. The analyst shared the results on October 26, stressing that the exercise is a simulation rather than his prediction. Woo described the model as optimistic and said outcomes between its 28th and 50th percentiles looked reasonable to him.
Sean Bowe Proposes Redirecting Zcash’s 8% Grants Subsidy to NSM
Sean Bowe’s draft would redirect the 8% Zcash grants subsidy to the NSM reserve. ZCG would keep its existing treasury and authority to approve new grants. The proposal has no activation date and is separate from the poll favoring NSM reissuance in February 2031. Zcash cryptographic engineer Sean Bowe has proposed ending the automatic block-subsidy payments to Zcash Community Grants and redirecting that 8% allocation to a protocol reserve for future network rewards.
BlackRock, SBI and Startale Sign MOU on Tokenized Funds and Yen Stablecoin
BlackRock signed an MOU with SBI and Startale to explore connecting tokenized money market funds with JPYSC. SBI Shinsei Trust Bank issues JPYSC and SBI VC Trade handles its distribution. The memorandum identifies three areas of study but announces no product launch date or specific fund.
MARA-Linked Wallet Sends 1,000 BTC to BitGo, Sale Unconfirmed
Lookonchain flagged a 1,000 BTC movement from a MARA-labelled address to BitGo. The reported valuation is about $80 million, while an executed sale remains unconfirmed. MARA’s June 30 treasury balance and first-half sales are historical company disclosures, not a current holdings update. A wallet linked by Lookonchain to Bitcoin miner MARA Holdings sent 1,000 BTC, valued at about $80.19 million, to a BitGo-labelled address, according to Lookonchain.
Arthur Hayes Pitches AI Compute Futures Market in The Trifecta
Arthur Hayes proposed futures and perpetual swaps tied to a FLOP-based AI compute benchmark. The proposed market concerns inference, the work of running trained AI models, rather than model training. FLOP remains in development, with mainnet and token generation targeted for the first quarter of 2027. Arthur Hayes has proposed futures and perpetual swaps tied to AI computing costs, using Flop Network as the source of a benchmark price.
BitMine Resumes Share Buybacks After 10-Week Pause
BitMine Immersion Technologies has resumed buying back its own shares after roughly a 10-week pause, chairman Tom Lee said in the company’s October 26 update. The Ethereum treasury firm repurchased 2.04 million common shares during the preceding week at an average price of $22.48, implying spending of about $45.9 million. The previous repurchase round ended on August 17, according to Lee’s October chairman’s message.
Payward Plans Regulated US Perpetuals on Hyperliquid’s HIP-3*
Payward, Kraken’s parent company, intends to become the first CFTC-regulated deployer of HIP-3* perpetual-futures markets on Hyperliquid. Hyperliquid outlined the proposed US offering on October 26, but said it remains subject to regulatory approval. Under Payward’s proposed structure, Bitnomial would create, own and administer the markets, as well as clear and settle contracts. Bitnomial operates a CFTC-regulated exchange and clearinghouse.
CZ Joins BNB Standard at Nasdaq Opening Bell
CZ joined BNB Standard at Nasdaq as CEO Alex Odagiu led an opening-bell ceremony celebrating the company’s new name and leadership. The BNC-listed company calls itself the largest corporate BNB treasury, with 515,544 BNB disclosed as of July 31, 2026. BNB Standard plans to operate a BNB Chain validator, but its announcement does not confirm that the operation is live.
US Banking Regulator Urges Small Banks to Enter Stablecoin Market
The OCC encouraged community banks to consider payment stablecoin issuance through eligible structures, including subsidiaries where applicable. The agency is not yet accepting applications and will announce an opening after approval of the associated information collection. Its final GENIUS Act rules take effect on January 18, 2027, with issuer approval and compliance requirements still applying.
Ripple Adds 24/7 Returns and AI Automation to Corporate Treasury
Ripple introduced 24/7 Returns for eligible corporate customers with qualifying digital assets, including RLUSD, in a Ripple wallet. Companies can choose manual, semi-autonomous or fully autonomous settings for individual treasury workflows. Digital assets remain optional across the broader platform, and Ripple has not disclosed a return rate for the new program.
S&P Global Completes OpenZeppelin Acquisition in DeFi Security Push
S&P Global completed its OpenZeppelin acquisition following an agreement announced in September, with financial terms undisclosed. OpenZeppelin will keep its name and founder-led business, while its Contracts library remains free and open source. The separate DeFi lending-vault framework assesses impairment risk and is not a credit rating or guarantee.
Strive Buys 6,182 Bitcoin for $511.4M, Holdings Reach 43,000 BTC
Strive bought 6,182 Bitcoin for approximately $511.4 million, increasing its treasury to 43,000 BTC. Chairman and CEO Matt Cole announced the acquisition on October 26, alongside a larger cash balance and a new preferred-stock financing program. The company’s SEC filing puts the purchase period at October 17–23, with an average price of approximately $82,732 per Bitcoin, including fees and expenses. Holdings rose from 36,818 BTC on October 16, an increase of about 16.8%.
Aviva Launches XRP Ledger Share Class for Its £22B Sterling Fund
Aviva launched an XRP Ledger share class of its Sterling Liquidity Fund, whose total assets are about £22 billion. Aviva invested £50 million in the new class, while combined investment across its two tokenized classes exceeds £86 million. The underlying fund structure and BNY Mellon asset custody remain in place, with access limited to eligible investors.
Hong Kong Launches 24/7 Trading in Tokenized Public Funds
Hong Kong’s regulator says 24/7 secondary trading has begun in two ChinaAMC tokenized public money-market funds. Eligible retail and professional investors can trade through PantherTrade, subject to platform and broker rules. Secondary prices can differ from NAV, while primary redemption and bank withdrawals follow separate processes.
Vitalik Buterin Backs Kimi’s Limits on AI Hacking Skills
Vitalik Buterin backs limits on offensive AI capabilities rather than restrictions based on users’ identities. Moonshot says the final model scored 81% on its internal exploit test, below a checkpoint without risk-reduction measures. The benchmark uses up to three attempts and does not measure private-key recovery or real-world attack rates. Ethereum co-founder Vitalik Buterin has backed Moonshot AI’s decision to hold back the most advanced offensive cybersecurity capabilities in Kimi K3.1 Pro.
BNB Chain Plans New High-Speed L1 With BNB and No New Token
BNB Chain is developing a separate high-performance L1 alongside BNB Smart Chain. The design uses BNB for gas and staking, with non-transferable govBNB representing delegated voting power. Public testnet and mainnet are not live, and 20ms preconfirmation is not final settlement. BNB Chain is developing a new high-performance layer-one blockchain that would run alongside BNB Smart Chain, using the same BNB asset rather than introducing a new tradable coin.
Liquidity Pools Explained: Fees, Slippage and Impermanent Loss
See how liquidity pools price swaps, why a position can underperform holding, and how fees, price ranges and withdrawal steps affect the outcome. Liquidity providers make assets available for trading and receive an eligible share of fees. A pool position can gain dollar value while underperforming the original tokens held separately. Concentrated positions stop earning new swap fees when the price moves outside their range. A pool advertises trading fees and an attractive annualized yield.
DeFi Lending Explained: Collateral, Interest and Liquidation Risk
Understand how DeFi loans work, how interest and collateral prices affect a health factor, and what to check before borrowing or repaying. A borrowing limit is a protocol ceiling rather than a recommended loan size. Falling collateral prices and rising debt can reduce the health factor of a position. Repaying debt, withdrawing collateral and revoking token permissions are separate actions. A lending dashboard says you can borrow $8,400 against your crypto.
Crypto Gas Fees Explained: Costs, Failed Transactions and Pending Transfers
Learn how crypto gas fees are calculated, why failed transactions can still cost money, and how to check pending transfers without paying twice. Gas measures computational work while the gas price determines its cost. An included failed transaction can consume gas even when the asset transfer reverts. Check the network, nonce and status before replacing or repeating a pending payment. You have enough USDC to make a payment, but your wallet refuses to send it.
Coinbase Offers 15-Minute BTC, ETH and SOL Prediction Markets
Coinbase highlights live BTC, ETH and SOL prediction markets with 15-minute to daily trading windows. Access is limited to eligible United States residents and excludes Nevada and Michigan. Kalshi operates and resolves the markets, which are offered through Coinbase Financial Markets. Coinbase is promoting live crypto prediction markets that let eligible U.S. customers take positions on Bitcoin, Ether and Solana prices over periods ranging from 15 minutes to a day.
Bitcoin Breaks Below $80,000 Before Rebound as Altcoins Slide
Bitcoin, Ether and Solana crossed their reported thresholds on October 24, while XRP was already below $1.30. Bitcoin and Solana later recovered $80,000 and $100, while the latest prices remain timestamped snapshots. CoinGlass showed about $725.64 million in rolling 24-hour liquidations at 20:28 UTC, mostly long positions. Bitcoin fell below $80,000 during a broad crypto selloff on Saturday, October 24, while Solana broke $100, Ether dropped through $2,350 and XRP extended losses below $1.30.
Keystone Confirms Customer Data Breach at Official Online Store
Keystone says customer names, contact details, shipping addresses and order records were exposed. The company says payment details, recovery phrases and private keys were not exposed. Affected customer counts and order dates remain undisclosed despite the public 180-day deletion promise. Keystone has confirmed a breach of customer records at its official online store, exposing names, contact details, shipping addresses and order information.
Bank of Israel Rejects Netanyahu’s Crypto Sanctions Workaround
The Bank of Israel says cryptocurrency cannot serve as a route around sanctions. Netanyahu says crypto is one possible tool and may not be used. No blockchain, token or implementation timetable has been announced. The Bank of Israel has rejected Prime Minister Benjamin Netanyahu’s suggestion that cryptocurrency could help the country get around potential banking sanctions, urging the government to protect trade relationships and prevent restrictions instead.
Electrum Urges 4.8.3 Update After Bitcoin Fee-Bump Attack
Electrum urges users to upgrade to version 4.8.3 after a server-based wallet attack. Manually increasing the fee of a substituted transaction can authorize a payment to the attacker. Developers received two reports, including one involving a loss of funds. Electrum has urged users to install version 4.8.3 after attackers exploited a Bitcoin-wallet flaw that can turn a routine fee increase into a payment to a criminal. Developers say one user reported losing funds.
Matt Crosby Sees $275,000 Bitcoin at 1% of Global Capital
Bitcoin could be worth about $275,000 if it captures 1% of estimated global capital, according to Look Into Bitcoin research director Matt Crosby. He outlined the scenario in a Bitcoin Magazine interview published on October 22. Crosby’s September 25 research put Bitcoin at around 0.3% of that estimated pool, below a previous bull-market peak near 0.49%. Reaching 1% would require more than tripling its share.
Arthur Hayes Exits Maelstrom Altcoin Trades, Warns of More Downside
Arthur Hayes says Maelstrom has closed its directional trading portfolio and taken profits on ETH, ENA, UNI and other tokens. Lookonchain estimates the identified token selling at about $22.28 million, not the amount of realized profit. Hayes cites macroeconomic and geopolitical risks and has not specified a re-entry date.
Bitcoin ETFs Shed $635.49 Million in Biggest Daily Outflow Since June
US spot Bitcoin exchange-traded funds recorded $635.49 million in net outflows on October 22, their largest daily withdrawal since June 25. SoSoValue’s completed daily data showed the reversal ended three consecutive sessions of inflows across the fund group. BlackRock’s IBIT led withdrawals at $254.05 million, followed by Fidelity’s FBTC at $217.46 million.
HSBC Launches RedCoin Stablecoin for PayMe’s 3.3M Users
HSBC is rolling out RedCoin through PayMe for transfers and merchant payments, reaching an app with more than 3.3 million users. The Hong Kong dollar token is redeemable 1:1 under its terms and backed by segregated reserve assets, but it is not a protected bank deposit. A banking-app wallet and tokenized investment subscriptions are planned for later this year, subject to relevant approvals.
Former Circle Engineer Sues Trump Over UAE Crypto Deals
Former Circle engineer and shareholder Benjamin Greenberg alleges that two UAE-linked World Liberty transactions violated constitutional limits on foreign benefits. Circle says it did not authorize the derivative lawsuit and the defendants reject the allegations. The complaint seeks civil injunctions, disclosure, disgorgement from private companies and unspecified damages rather than announcing a judgment.
Ethereum Delays Glamsterdam’s October 26 Hoodi Upgrade
Ethereum has postponed Glamsterdam’s October 26 Hoodi testnet activation while developers review EIP-8037’s interaction with existing contracts. The revised configuration removes the planned 200 million gas-limit increase without reverting Hoodi’s block history. No replacement testnet or mainnet date is set, and Ethereum mainnet users and ETH holders need take no action.
Chainlink Expands LG CNS Partnership for Korean Stablecoins
Chainlink and LG CNS are collaborating on Korean stablecoin and digital-asset infrastructure. The collaboration builds on KITL, which LG CNS introduced earlier this month with five technology partners. The announcement does not identify a new stablecoin launch or confirm Chainlink integration into Project Hangang. Chainlink and LG CNS are expanding their collaboration on infrastructure for Korean stablecoins and tokenized assets.
Internet Computer Founder Accuses NEAR of Unauthorized Technology Use
DFINITY founder Dominic Williams alleges unauthorized use of signing technology behind NEAR Chain Signatures. NEAR’s cited engineering work began in September and does not establish a licensing-driven emergency change. Williams later corrected his eight-node description, while NEAR reports seventeen operators and maintains a separate technical account.
Heatbit Unveils $899 Water-Heater Element That Mines Bitcoin
Heatbit’s Bitwater replaces a heating element in a compatible electric water tank and uses 20 BM1370 Bitcoin-mining chips. The company advertises up to 34 TH/s and power consumption up to 600 watts, with performance varying by operating settings. The $899 Genesis-batch preorder targets US and Canadian customers, with first shipments expected in Q1 2027. Heatbit has unveiled Bitwater, a $899 water-heater element that uses Bitcoin-mining chips to warm the water in an existing electric tank.
UAE-Led Fraud Sweep Nets 960+ Arrests, Flags $39B in Assets
The UAE-led campaign reports more than 960 arrests across 30 countries during July through September. Authorities identified over $39 billion in fraud-linked funds and crypto but did not disclose a recovered total. INTERPOL, GASA and 13 private-sector partners supported the operation, with WAM reporting more than 123 million blocked fraud attempts.
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