Cryptocurrency exchange trading volume fell 27.5% quarter over quarter to $12 trillion in Q3, marking a decline for the third consecutive quarter. Derivatives accounted for 83% of total volume, while average open interest rose 11%.
A foreign-media analysis says Binance could absorb its record $6.3 billion hacking loss with six to 15 months of platform revenue. The exchange reportedly replenished about 95% of stolen assets and resumed withdrawals as scheduled on November 1.
Ethereum co-founder Joseph Lubin challenged the view that AI will concentrate wealth and power in a few Big Tech companies and countries. He said open decentralized protocols could enable autonomous collaboration among individuals and AI agents while preserving the competitiveness of global DeFi.
Binance says it has replenished assets equivalent to about 90% of the $6.34 billion hacking losses and secured 100% reserves for the top 10 crypto assets. The exchange plans to restore SAFU to $1 billion and resume withdrawals on November 1.
U.S. spot Bitcoin and Ethereum ETFs recorded combined net outflows of $798.9 million on October 30. Bitcoin ETFs reversed to net outflows, while Ethereum ETFs saw outflows for a fifth consecutive trading day.
Tether reported $1.5 billion in net operating profit for the third quarter of 2026 and $4.5 billion for the first three quarters. Excess reserves reached approximately $7.95 billion, nearly double the previous quarter’s figure.
Binance said it will fully cover approximately $6.3 billion in losses from a recent hack using the SAFU fund and company funds. The exchange also plans to republish an updated Proof of Reserves after recovery efforts are complete.
Binance estimates losses from the recent hack at about $6.3 billion and says approximately $3 billion in affected assets have been frozen on-chain. The exchange said it found no evidence of leaked wallet private keys and plans to compensate for all losses.
Blockaid CEO Ido Ben-Natan said the Binance hack may have exploited the system used to generate transaction signatures rather than directly stealing private keys. The specific intrusion path and any North Korean involvement remain unconfirmed.
