According to a Santiment analysis dated October 30, total stablecoin debt tracked on decentralized finance (DeFi) platforms fell 4.4% to $5.29 billion. This brought debt to its lowest level since August 7.

While the market downturn and liquidations drew attention after the attack, data from lending protocols showed a different trend: users repaid their debts, reducing their leverage. Liquidations on the protocols examined during the same period were limited to approximately $1.9 million.

A 16-hour drop nearly matched three weeks of debt reduction

Stablecoin debt had fallen by a total of $263 million over the three weeks following its peak on October 5. The $244 million decline in just 16 hours after the attack nearly matched that three-week drop.

Most of the movement occurred between 03.00–07.00 Turkey time on October 30. Debt fell by $213 million during this four-hour period; according to Santiment, that was more than double the largest four-hour decline previously recorded since May.

What does repaying debt indicate?

A liquidation occurs when a protocol forcibly closes a borrower’s position because there is insufficient collateral. In the data examined here, however, the main source of the decline in debt was repayments made by users.

This distinction shows that the reduction in DeFi leverage was driven more by debt repayment than by a wave of forced liquidations. The analysis covers stablecoin debt on major DeFi lending protocols, and the comparison is based on debt and liquidation data from those platforms.

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According to an analysis by Santiment dated October 30, ENA recorded its lowest four-hour close since September 18. Ethereum fell about 4% over the same period, underscoring the severity of the sell-off in ENA.

However, the two assets in the Ethena ecosystem reacted differently during this period. While the project’s governance token ENA suffered a double-digit loss, USDe fell about 0.2%. USDe dropped to $0.9974 at 07:00 Turkey time on October 30.

No major outflow from USDe supply

USDe supply on the Ethereum network changed by about $1.5 million on the day of the attack. That move was limited compared with the typical daily fluctuation of about $21 million cited by Santiment.

The analysis shows that the sharp sell-off in ENA did not turn into a similarly large contraction in USDe. Santiment also interpreted this divergence as selling pressure being concentrated in the governance token, while USDe holders largely maintained their positions.

sUSDe supply fell 1.1%

sUSDe supply on Ethereum fell 1.1% that same day. Transfer volume rose, but remained well below the highs seen since May.

Thus, the decline in ENA’s price and supply movements in USDe and sUSDe on the Ethereum network painted different pictures: the governance token saw heavy selling, while dollar-focused assets did not experience outflows on the same scale. This comparison reflects data from the period covering the attack.

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As selling pressure mounted in the crypto market following the Binance attack, HYPE stood out with a move in the opposite direction. According to data in CoinDesk’s October 30 market analysis, Bitcoin fell 3.1% over the past 24 hours and Ethereum lost 4%; HYPE’s double-digit gain was accompanied by notable activity in derivatives trading.

Buying activity accompanied HYPE’s rise

HYPE’s open interest increased 28%. This measure, which represents the total value of derivatives contracts that have not yet been closed, rose alongside the price, showing that the size of market positions had also increased. Trading volume jumping nearly eightfold showed that the token was trading at an unusually high level.

The cumulative volume delta (CVD), which tracks the difference between buy- and sell-side market orders, was positive. This indicated that buy-side market orders were gaining the upper hand in HYPE trading.

The funding rate also remained positive and rose, indicating that holders of long positions betting on a price increase were paying more to holders of short positions. Thus, the jump in price and volume was accompanied by an increase in the cost of maintaining bullish positions.

Liquidations across the broader market reached $1.57 billion

As HYPE diverged from the market, 24-hour liquidations in crypto futures reached $1.57 billion. The figure was $337 million in the previous 24-hour period. Positions worth $522 million in Bitcoin and $361 million in Ethereum were liquidated.

While open interest across the broader market fell 3%, it increased for HYPE, showing that the token stood apart not only in price but also in derivatives positioning. The data reflects the market picture in the October 30 analysis.

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The statement, reported by Wu Blockchain, revealed the funds allocated after the exchange’s earlier pledge to cover the damage caused by the attack. According to Binance’s statement, $5 billion of this amount consists of tokens affected by the attack that the company already holds.

Purchases of missing tokens continue

Binance is obtaining the remaining tokens both from the market and through OTC channels, where buyers and sellers trade outside the exchange’s order book. However, limited liquidity in some tokens is making it difficult to acquire the required amounts quickly. The exchange said purchases could therefore take longer to complete.

Approximately $3 billion in frozen assets kept separate

The company funds set aside to cover the losses are being kept separate from the approximately $3 billion in assets frozen in connection with the attack. Binance has thus also disclosed the amount it allocated from its own resources to cover the losses.

The exchange also said it would publicly verify user assets through its Proof of Reserves (PoR) system. The announcement also outlined the step to be taken to show how user balances are backed following the attack.

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In a post dated October 30, CryptoQuant CEO Ki Young Ju noted that Coinbase Premium last fell to similar levels in November 2022, immediately after the collapse of FTX. Ju recalled that Bitcoin also bottomed around that time.

A price gap that recalls the FTX period

Coinbase Premium is an indicator that tracks the difference between Bitcoin’s price on Coinbase and its price on the exchange used for comparison. So a four-year low refers to the price gap between exchanges, not Bitcoin’s dollar price.

The historical similarity Ju pointed to led him to assess today’s pessimism from a different angle. The analyst said market expectations had become pessimistic enough to warrant a bullish outlook.

Why did pessimism turn into a bullish outlook?

Rather than reading intense pessimism as a sign that the decline must continue, Ju’s approach is to assess it as a potential turning point. The November 2022 comparison is also cited as support for this view; the post gives no new price target or date for a reversal.

We covered Bitcoin’s recent decline and liquidations in leveraged trades in our previous article. Ju’s assessment offers a counterpoint to the selling environment, but there is no guarantee that a similar historical pattern will produce the same price outcome this time.

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According to a Trezor statement reported by The Block, the suspicious device was purchased from Tokopedia through CryptoBilis in August 2026. The company received the report on October 28 and found the claim credible after speaking with the customer over a video call; the device has not yet been collected for a detailed physical inspection.

Claim of an additional circuit between the main board and screen

The report alleges that an additional circuit board was placed between the device’s main board and screen. The board is said to contain a cellular communications module and antenna, allowing it to read information displayed on the screen and transmit it over a cellular network.

The information that could be read includes the wallet’s recovery phrase. If these words, which are used to restore a wallet, are obtained, the security of its assets could be directly at risk. However, the described mechanism comes from the report about the suspicious device and has not yet been confirmed by Trezor’s inspection of the device.

New devices to be sent to affected customers

Danny Sanders, Trezor’s commercial affairs executive, said the company chose to issue a warning in advance rather than risk a user losing funds while they waited for confirmation. The company recommends that customers who purchased a Trezor from CryptoBilis starting in March 2026 move their funds to a new wallet and contact the support team. It also announced that new devices will be sent to these customers.

We covered the warning to this customer group and the recommendation to create a wallet using new recovery phrases in our previous report. The detailed statement explains how the suspicious hardware could transmit information and provides details about device support.

Trezor removed CryptoBilis from its authorized reseller network after reports that Ledger devices purchased from the same seller had been tampered with. No signs of tampering were found in the other four Trezor devices the company has inspected so far; no user losses have been reported in the Trezor case.

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According to balance sheet data reported by The Block, the U.S. crypto exchange generated $1.22 billion in total revenue in the third quarter. Revenue was largely flat compared with the previous quarter but declined from the same period last year. Net income, meanwhile, rose from $433 million to $719 million year over year.

$715 million in crypto gains featured in profit figures

The results included $715 million in gains from crypto assets the company holds for investment. That figure was $424 million in the same quarter last year. Therefore, the increase in net income cannot be explained solely by stronger trading activity on the exchange.

Indeed, Coinbase’s spot trading volume fell 8% from the previous quarter to $135 billion. The company said it continued to gain market share despite the decline. Derivatives trading volume also fell 7% to about $986 billion, while the industry-wide decline cited by Bernstein was 11%.

Revenue run rate in prediction markets doubles

Coinbase’s prediction markets business reached an annualized revenue run rate of more than $200 million. The measure, which was about $100 million in the previous quarter, represents the amount the business would generate over a year if its current revenue pace continued.

CEO Brian Armstrong said prediction markets were among the fastest-growing products in Coinbase’s history. According to Armstrong, crypto contracts also supported growth in months when contracts based on sporting events were slower.

Bernstein analysts estimated that prediction markets and derivatives trading together account for about 25% of transaction revenue and approximately 12% of total revenue.

Stablecoin revenue reaches $328 million

The company’s stablecoin revenue rose 3% quarter over quarter to $328 million. Of that amount, $21 million came from USDC held on Coinbase’s own balance sheet.

Subscription and services revenue also grew from the previous quarter, reaching nearly half of net revenue. Chief Financial Officer Alesia Haas said the company’s diverse revenue sources make it more resilient to market cycles, while prediction markets add a revenue stream that is less correlated with crypto volatility.

Analysts maintain their views on Coinbase stock

Following the earnings report, Bernstein and William Blair maintained their outperform ratings on Coinbase. Bernstein kept its $250 price target, while William Blair’s valuation analysis pointed to approximately $240 per share. Coinbase stock had closed Thursday down 1.07% at $160.59.

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According to a statement reported by Wu Blockchain, the hardware wallet manufacturer received a credible report that hardware may have been added to a Trezor Safe 5 purchased from CryptoBilis in August 2026. The company has not yet received the suspicious device for physical inspection.

Which users does the warning cover?

Trezor’s precautionary recommendation is directed at customers who have purchased devices through CryptoBilis since March 2026. The company advises these users to move their funds as soon as possible to wallets created using new recovery phrases.

The recommended step is not simply to create a new receiving address; the recovery words used to restore the wallet must also be new. The warning is limited to purchases from a specific seller.

No tampering found in four devices inspected

Trezor removed CryptoBilis from its reseller list on October 9 after receiving reports that Ledger devices purchased from the same seller had been tampered with. We covered developments involving the Ledger devices in our previous report.

No signs of tampering were found in the four devices Trezor has inspected so far. The report concerning the suspicious Safe 5 device is still awaiting investigation. As of the statement, Trezor has received no reports of fund losses from CryptoBilis customers, and the investigation is ongoing.

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According to an announcement published on Upbit’s official website on October 30, 2026, Blur (BLUR) will be delisted from the platform’s BLUR/KRW and BLUR/BTC trading pairs. Trading support will end on Monday, November 30, 2026, at 09:00 Turkey time.

The exchange said there were shortcomings regarding the legitimacy and sustainability of the project’s operations, which could lead to user losses. Upbit said it had placed BLUR under a trading warning on October 13, 2026, and decided to end trading support after a subsequent review found that the issues had not been addressed.

When trading support ends, previously placed buy and sell orders will be canceled in bulk for the BLUR/KRW and BLUR/BTC pairs. Following the announcement, services such as airdrops, wallet upgrades, and hard forks will no longer be supported for BLUR.

Upbit will support withdrawals for 30 days from the date trading support ends, through December 30, 2026. Users must withdraw their assets before that date. Assets deposited after trading support ends cannot be credited to accounts; after withdrawal support ends, the return of incorrectly transferred assets may take a long time for technical reasons.

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Bithumb stated that the reasons for the trading warning for Blur (BLUR) had not been resolved by the explanations provided by the foundation, and that the asset did not meet the support criteria after changes to its business plan and its purpose and function were also assessed. It said the reasons for the trading warning for Core (CORE) had not been resolved.

Trading is scheduled to end on Monday, November 30, 2026, at 09:00 Turkey time. On that date, API trading will be halted and open trading orders will be canceled. The exchange said the schedule may change.

Withdrawal support will continue until Wednesday, December 30, 2026, at 09:00 Turkey time. Users were asked to withdraw their assets before that date, and those transferring to overseas service providers or personal wallets were asked to complete address registration in advance.

After withdrawal support ends, technical support services such as mainnet, hard fork, airdrop, and token swap support may be discontinued, and withdrawals may be restricted.

Bithumb to End Trading for Two Altcoins isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

• At the time of writing, Bitcoin is trading at $78,532.2, down 2.2%, and at around 3.922.463 TL against the Turkish lira.
• Ethereum (ETH) is down 3.6% at $2,240.07, BNB (BNB) is down 5.1% at $716.59, Ripple (XRP) is down 3.1% at $1.26, Dogecoin (DOGE) is down 2.8% at $0.07616, Solana (SOL) is down 2.2% at $97.86, and TRON (TRX) is up 2% at $0.3351.
• Over the past 24 hours, Magma Finance (MAGMA), up 35%, was the top-performing altcoin, while FUNToken (FUN), down 67.8%, was the altcoin with the steepest price decline.
• At the time of writing, Magma Finance (MAGMA) is trading at $0.3512, while FUNToken (FUN) is trading at $0.002859.
• The U.S. Dollar Index (DXY) is at 101.81.
• The total value of the cryptocurrency market stands at $2.719 trillion.
• The cryptocurrency market’s 24-hour trading volume is around $139.021 billion.
• The dollar/TL exchange rate is at 49.9472, while the euro/TL exchange rate is at 55.9113.
• Over the past 24 hours, $1.54 billion in positions were liquidated in the cryptocurrency market, affecting 239,588 investors.
• Long positions accounted for 83.79% of the liquidated positions.

For current prices of all cryptocurrencies: Markets

Bitcoin and Altcoins: Market Overview (October 30, 2026) isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a post shared by Wu Blockchain, the researcher found that funds from the $6.3 billion Binance attack and the $388 million Bitget attack reached the same address through THORChain and were mixed there.

These amounts refer to the size of the two attacks; it has not been stated that all the funds reportedly moved to the shared address equal these amounts. ZachXBT interpreted the shared address trail as evidence supporting the possibility of the same attacker.

Phemex connection also emerges in TRX transfers

In a separate investigation, MistTrack reported that TRX stolen in the Binance incident was transferred through the Bitget Wallet Swap Bridge to an address beginning with 0xCd68. According to the reported on-chain analysis, this address had also previously been used by the Phemex attacker.

Two separate findings about the movement of funds have therefore emerged: ZachXBT’s identification of a shared address between Binance and Bitget, and MistTrack’s finding of a Phemex history in the TRX flow.

A new connection to North Korea suspicions

The Bitget attack had previously been attributed to the North Korea-linked TraderTraitor group. The group has also been linked to other attacks, such as the one on Kelp DAO. We covered suspicions that Lazarus and TraderTraitor were behind the Binance attack in our previous report.

ZachXBT’s latest assessment is based not on similarities in methods, but rather on funds from the two attacks reaching a shared address. Although the researcher considers the possibility of the same actor to be strong, the assessment is not presented as a definitive identification.

Did the Same Attacker Hit Binance and Bitget? Stolen Funds Share an Address isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.