According to Wu Blockchain, on-chain investigator ZachXBT identified more than $27 million in additional suspicious withdrawals from centralized crypto exchanges. The investigator said some of these movements took place after his initial disclosure.

With the new findings, the total amount he has linked to the incident has surpassed $133 million. In the previously reported claim of a suspicious loss exceeding $106 million, a wallet that made a large Ethereum purchase had been linked to a possible attacker.

Suspicious withdrawals continued after the initial disclosure

ZachXBT’s update not only raises the total amount; the investigator says some suspicious withdrawals also took place after the incident became public. During this period, he also suggested that a major financial institution in Western Europe may have suffered a security breach and be concealing it.

The institution’s identity and the actual amount lost have not yet been confirmed. The figure of more than $133 million represents the total value of the movements the investigator has linked to the suspected theft.

“More than $30 million could have been frozen”

The investigator’s other criticism concerned the consequences of not disclosing the breach in a timely manner. ZachXBT argued that the delay enabled the laundering of more than $30 million in funds.

According to him, the funds could have been frozen if European Union authorities had acted in time. The latest disclosure thus highlighted not only the scale of the suspicious withdrawals but also the claim that an opportunity to intervene was missed.

Is a Major Financial Institution Hiding a Crypto Attack? ZachXBT Alleges $133 Million isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

• At the time of writing, Bitcoin is trading at 76.424,61 dollars, down 2,3%, and at around 3.820.994 TL against the Turkish lira.
• Ethereum (ETH) is down 2% at 2.242,89 dollars, BNB (BNB) is down 2,3% at 693,3 dollars, Ripple (XRP) is down 0,3% at 1,25 dollars, Dogecoin (DOGE) is down 2,6% at 0,0736 dollars, Solana (SOL) is down 3,4% at 91,38 dollars, and TRON (TRX) is up 2,1% at 0,3205 dollars.
• Over the past 24 hours, ElevateFi (EFI), up 1.335%, was the top-performing altcoin, while Anonymous Cat (ZCAT), down 39,2%, was the biggest decliner.
• At the time of writing, ElevateFi (EFI) is trading at 28,5 dollars, while Anonymous Cat (ZCAT) is trading at 0,02305 dollars.
• The U.S. Dollar Index (DXY) is at 101,73.
• The total value of the cryptocurrency market stands at 2,674 trillion dollars.
• The cryptocurrency market’s 24-hour trading volume is around 68,188 billion dollars.
• The dollar/TL exchange rate is 49,9969, while the euro/TL exchange rate is 56,0009.
• Over the past 24 hours, 380,69 million dollars in positions were liquidated in the cryptocurrency market, affecting 97.009 investors.
• Long positions accounted for 90,29% of the liquidated positions.

For current prices of all cryptocurrencies: Markets

Bitcoin and Altcoins: Market Overview (November 3, 2026) isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a report by CoinDesk citing data from Mempool.space, the wallet Binance identified as the Secure Asset Fund for Users (SAFU) held a balance of slightly more than 7,500 BTC as of November 3. The balance was recorded after four transactions on October 31.

When the exchange completed its conversion of approximately $1 billion in stablecoins to Bitcoin in February, the wallet held 15,000 BTC. Using the approximate Bitcoin price of $77,000 cited in the report, the remaining balance is valued at around $580 million.

Some funds set aside for the attack came from SAFU

On October 31, Binance said it would use part of the SAFU fund among the $6.34 billion in resources it had set aside to cover losses from the attack. The plan also included the company’s treasury and part of its futures insurance fund.

The exchange said it would restore SAFU to approximately $1 billion, but did not give a date for when this would happen. The amount used from the futures insurance fund was also not disclosed.

An important detail about the $800 million threshold

According to the rule on Binance’s SAFU frequently asked questions page, if the fund’s value falls below $800 million because of fluctuations in the Bitcoin price, the balance is restored to $1 billion.

This rule is limited to price movements; it does not include a timeline for using the fund to cover attack losses. At present, it remains unclear when the exchange will fulfill its separate pledge to replenish the fund.

We previously covered CryptoQuant’s assessment of Binance’s reserves and withdrawals; the latest wallet data now reveals the remaining balance in SAFU, the fund set aside to protect users.

Binance’s Bitcoin in User Protection Fund Halved: When Will It Be Replenished? isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to Wu Blockchain, Ardoino disclosed that Tether holds approximately 150,000 BTC during his remarks at the Plan ₿ Forum in Lugano. The figure for the USDT issuer’s Bitcoin holdings reflects the CEO’s statement about its current balance.

Ardoino also said Tether serves more than 730 million users worldwide and adds approximately 30 million new wallets each quarter.

Mining and AI plans beyond Bitcoin

The talk also covered an initiative Tether calls the Independence Stack. The framework Ardoino described spans energy, Bitcoin mining, peer-to-peer communication, wallets where users hold their own private keys, and artificial intelligence that runs directly on devices.

These areas make up different parts of the company’s plans to expand its activities beyond stablecoin issuance.

Which assets stood out in the reserve report?

Tether’s 2026 third-quarter reserve attestation report listed approximately $122.8 billion in directly held U.S. Treasury bills. Including repurchase agreements, the reported total reached $132.4 billion, while reserves exceeding liabilities amounted to approximately $7.95 billion.

As we previously reported in Tether’s third-quarter results, the company earned $1.5 billion in net operating profit and its reserve surplus nearly doubled.

How Much Bitcoin Does Tether Hold? CEO Reveals Huge Balance isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a November 2 assessment cited by CoinDesk, the bank downgraded its rating on COIN from “equal weight” to “underweight.” The roughly 53% price-target cut showed a marked deterioration in expectations for Coinbase’s weakening revenue outlook.

Morgan Stanley analyst Michael Cyprys said the bank’s confidence in an earnings recovery had declined. In addition to lower trading activity and a weakening revenue outlook, he also factored in uncertainty in the crypto market caused by the recent attack on Binance.

Coinbase trading revenue fell 44%

The downgrade followed Coinbase’s third-quarter results, announced the previous week. The company’s total revenue fell 35% year over year to $1.22 billion, while trading revenue declined 44% to $590 million. Subscription and services revenue also fell 20% to $570 million.

Crypto market trading volume contracted 10% in the same quarter, while price volatility fell to its lowest levels in several years. For Coinbase, which derives a significant share of its revenue from trading fees, this painted a picture of how stagnant investor trading activity was weighing on its balance sheet.

According to early-session data for November 2 cited in the report, COIN shares were down 2.3% at $140.25. The decline followed a loss of about 10% the previous week.

Bank also lowers recovery expectations

Morgan Stanley cut its 2027 revenue estimate by 28% and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimate by 47%. For 2028, it cut its revenue estimate by 18% and its adjusted EBITDA estimate by 25%.

The bank now expects Coinbase to generate $2.4 billion in normalized EBITDA in 2028. Despite the company’s expansion into new business areas, that amount would be about 14% below its 2025 level. Morgan Stanley also lowered the EBITDA multiple it uses to value the company from 20x to 12x.

Expense pressures loom in the new quarter

Coinbase’s fourth-quarter outlook also offered no strong signal of a recovery. The company reported generating about $165 million in trading revenue through October 25, while forecasting subscription and services revenue of $550 million–$630 million for the full quarter.

Adjusted expenses are expected to rise from $975 million in the third quarter to $1.01 billion–$1.16 billion. In contrast, the company lowered its full-year adjusted expense forecast to a range of $4.15 billion–$4.30 billion.

Morgan Stanley Slashes Coinbase Price Target by More Than Half isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a Grayscale report dated October 30, cited by Wu Blockchain, Hyperliquid’s September 2026 revenue was largely flat compared with the same month last year. But behind the overall figure was a significant shift: the share of revenue the platform generated from core trading fees declined, while other sources grew.

Total revenue flat, other sources double

Core trading fees accounted for approximately 64 percent of September revenue. That figure was above 90 percent in mid-2025. Third-party markets, distribution partners, and yield from USDC reserves began to account for a larger share of the revenue mix.

Total revenue from these other items doubled year over year to $38 million. As a result, Hyperliquid spread its revenue across more sources, even though its total revenue did not post a significant annual increase.

Why is Grayscale focusing on the U.S. market?

The report highlighted access to regulated markets in the U.S. as the next growth opportunity. Payward, Kraken’s parent company, plans to become the first CFTC-regulated HIP-3 deployer.

In addition, ICE and Trade[XYZ] partnered to develop U.S.-regulated perpetual futures markets on Hyperliquid. Grayscale considers these initiatives among the steps that support the platform’s potential to reach new markets.

September’s data showed a diversification of revenue sources, while these plans targeting the U.S. market represent a possible next leg of growth.

Grayscale Examines Hyperliquid’s Revenue: Is the U.S. Its Next Growth Market? isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a third-quarter reserve attestation report prepared by BDO and cited by Wu Blockchain on October 30, Tether’s total reserve assets stood at $191.5 billion as of September 30, while its liabilities stood at $183.5 billion. USDT issuance was reported at approximately $184 billion on the same date.

The most notable change in the report was in the reserves the company holds above its liabilities. The excess reserves, which stood at $4.1 billion at the end of the second quarter, nearly doubled to $7.95 billion by the end of September.

Additional reserves backing USDT grew

Excess reserves refer to the portion of total reserve assets that exceeds liabilities. Their growth shows that the financial buffer held in addition to liabilities in the pool of assets backing USDT has expanded.

Net operating profit in the third quarter remained roughly at the same level as in the previous quarter. Tether thus reported $1.5 billion in net operating profit for the July-September period and a total of $4.5 billion in net operating profit for the first nine months of the year.

Where did the billions in earnings come from?

The main sources of operating profit in the first nine months were U.S. Treasury bills and reverse repurchase agreements. Reverse repurchase agreements allow cash to be invested for the short term against securities collateral.

The company’s direct and indirect investments in U.S. Treasury bills totaled $132.4 billion. This figure highlights the significant role Treasury bills play in Tether’s reserve structure and revenue generation.

Tether Earns $1.5 Billion in Three Months as USDT’s Excess Reserves Nearly Double isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a report by The Block, citing a statement from the U.S. Attorney’s Office for the District of Minnesota, Texan Raymond Christian Garcia was sentenced to 15 years, while his brother, Isiah Angelo Garcia, was sentenced to 15 years and 6 months in prison. The ruling, announced on October 30, concerned an armed robbery in Minnesota in September 2025. The brothers pleaded guilty in June to interference with commerce by robbery.

They tried to gain access to crypto accounts at gunpoint

During the attack, Isiah Garcia forced the family’s father to log in to his crypto accounts and transfer his assets to a wallet address provided by his brother. The family was held at gunpoint for about nine hours.

The brothers later learned that the father also stored assets in a hard-drive-like crypto wallet at a cabin three hours away. The incident entered a new phase when the victim’s son called 911; the brothers fled, but the traces they left behind helped police find them.

A food receipt, motel records, and a rental car

Investigators considered a Wendy’s food receipt, security camera footage showing Raymond Garcia checking into a motel room in Roseville, Minnesota, and rental car information together. This evidence led police to the brothers’ home in Waller, Texas.

Christopher D. Dotson, the FBI Minneapolis Field Office’s Special Agent in Charge, described the attack as a highly violent act directed at a specific target. Dotson said the brothers entered a home, threatened the family with a gun for hours, and kidnapped one person.

Two Brothers Sentenced to 15 and 15.5 Years for Holding Family Hostage Over $8 Million in Crypto isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

In an October 30 analysis, CryptoQuant reported that the seven-day average of an indicator tracking the net profit and loss on coins short-term Bitcoin holders send to exchanges stood at -3.022. The measure fell from +21.182 on October 24, turning negative for the first time since August 18.

This shift shows that coins recently acquired by investors and moved to exchanges have gone from being in profit to being at a loss. During the nine-day period covered by the analysis, Bitcoin’s price also fell from $83,600 to $77,800. As a result, pressure from selling at a loss came to the fore for new buyers after a period of profit-taking.

In the previous two cases, the decline did not end there

The same indicator turned negative in January, when Bitcoin was at $89,000, and in May, when it was around $76,900, after remaining positive for an extended period. During those periods, the indicator fell as low as -60.768 and -41.364, respectively.

The price movements were also notable: Before a bottom formed, Bitcoin lost 28.5 percent after the January reversal and 23.2 percent after the May reversal. The risk highlighted by the analysis is that the start of selling at a loss does not, on its own, indicate that the decline has ended.

What could happen if selling at a loss continues?

CryptoQuant says a similar process could repeat if recent buyers continue selling at a loss. For this reason, the analysis identifies the duration of selling pressure after the indicator turns negative as the key factor.

As we previously reported, the Glassnode analysis noted that extended runs of realized losses have historically coincided with local bottoms. CryptoQuant’s measure, which focuses on short-term holders’ transfers to exchanges, adds a different risk to this picture: In the previous two cases, selling continued even before the price reached its bottom.

This Bitcoin Signal Preceded a Sharp Drop—and Has Returned After 72 Days isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to The Block, Securitize added new options for blockchain-traded versions of U.S. stocks in an expansion announced Monday. The leading companies in the new group include:

• ExxonMobil
• GameStop
• Salesforce
• Disney

The tokens traded on Solana are backed one-to-one by the underlying stocks. Eligible investors can benefit from the economic rights associated with these stocks and, where applicable, dividend and voting rights.

Is Wall Street’s new service a competitor?

The expansion comes as DTCC, a key part of the U.S. securities infrastructure, launches its tokenization service. StoneX analysts believe DTCC’s initiative supports Securitize’s business model rather than threatening it.

According to analyst Mark Palmer, the two companies focus on different areas. While DTCC’s permissioned structure is initially limited to certain securities, participants, and networks, Securitize offers assets on public blockchains that can be used in funds, stocks, and decentralized finance applications.

StoneX sees Securitize’s infrastructure as an SEC-registered transfer agent, broker-dealer, and alternative trading system as an advantage. This setup brings together the services companies need to offer their own stocks on the blockchain.

Tokenized assets are also becoming collateral

Another area analysts highlighted is the use of tokenized assets as collateral for borrowing. StoneX expects the ability to transfer U.S. Treasury securities at any time of day could eventually increase demand for tokenized funds and stocks as collateral as well.

This use is already emerging in private credit. The total value of tokenized private credit assets on Solana has reached $1.44 billion, while Securitize and Maple’s credit tokens are accepted as collateral on lending platforms such as Kamino.

StoneX maintained its “buy” rating on SECZ shares and its $18 price target. At the time the source article was published, the stock was trading at around $7.30; the price target reflects StoneX’s outlook for the company.

Solana Adds 13 New U.S. Stock Options, Including Disney and GameStop isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a report by CoinDesk on an announcement made Monday, Broadridge Financial Solutions will provide shareholder recordkeeping, communications and voting services for the NYSE’s blockchain-based stock project. The agreement marks a step toward determining how investors will exercise their rights in a structure where shares are represented by digital tokens.

The NYSE is developing a platform that could enable round-the-clock trading by moving stock transactions to blockchain networks. In this model, tracking who owns shares and enabling shareholders to exercise their voting rights on corporate decisions are just as important as executing transactions.

Investors will be able to vote even when shares are held in a wallet

Under the planned integration, investors will be able to cast their votes through supported digital wallets, brokerage platforms or Broadridge’s existing ProxyVote service. Companies will be able to track verified ownership records and communicate with shareholders.

Broadridge CEO Tim Gokey said the solution would bring together recordkeeping and voting services regardless of where shares are held or how they are traded. This will connect tokenized shares to the existing shareholder services used by publicly traded companies.

Transfer agents, which update ownership records as shares change hands, are also part of this setup. Securitize and tZERO had previously been announced as providers of these services for the NYSE platform.

The tokenization race on Wall Street continues

Broadridge serves more than 10,000 publicly traded companies worldwide. According to the company, the value of daily settlement transactions exceeds $15 trillion; this figure reflects Broadridge’s current operations, not the trading volume of the NYSE platform, which is still in the planning stage.

NYSE rival Nasdaq is also developing tokenized securities infrastructure. On the custody and transfer side, DTCC has launched its own tokenization service. The NYSE’s latest agreement focuses on recording share ownership and the voting process in this race.

NYSE Takes New Step for Tokenized Stocks: Investors Can Vote on Corporate Decisions From Their Wallets isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Now available in Hong Kong, the service allows companies to move deposits in their bank accounts to other banks through blockchain-based infrastructure.

The transferred tokenized deposits remain money held at a bank; they do not need to be converted into stablecoins issued by private companies. Businesses can transfer their funds outside normal banking hours as well. Final settlement of payments is made in central bank money.

Interbank digital payments expand in Hong Kong

The service launch coincided with the Hong Kong Monetary Authority (HKMA) expanding Project EnsembleTX to 24-hour settlement. The authority said 12 banks and 20 companies are participating in the project, which aims to support tokenized deposits and digital asset transactions. The project launched as a pilot in November 2025.

Standard Chartered uses its own blockchain system and infrastructure developed by the HKMA for the service. The bank is also working with Fireblocks to connect the service to digital asset customers; Hashkey has also joined the initiative.

Standard Chartered Offers After-Hours Transfers to Hong Kong Businesses: Are Stablecoins Required? isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.