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10/30
06:06
Prediction market Kalshi's Senate market showed on October 28 that its Senate control contract and Democratic seat count contract could yield different outcomes for the same election event due to differing settlement terms. This means that even with hedging contracts, traders might face losses before fees, even if the results align. For example, a four-contract hedge package was already 2 cents over the conditional payout amount at the time of quoting, and the differing settlement rules of the contracts introduced additional risk. Specifically, the control contract might settle early based on media statements, while the seat count contract relies on the Senate composition as of February 1, 2027. This could lead to discrepancies between the time control is determined and the final composition date, due to vacancies, party affiliation changes, or altered election results.
06:02
Iran’s Economy Minister Seyed Ali Madanizadeh has proposed establishing a provincial task force to help rebuild businesses damaged by the war.
05:57
Alphabet, Google's parent company, saw its stock price plummet over 12% on Thursday, wiping out approximately $480 billion in market capitalization and dragging down the Nasdaq index by 1.4%. This followed Alphabet's earnings report, which showed lower-than-expected revenue growth in its advertising and search businesses, and projected a significant increase in capital expenditures through 2027, raising market concerns about the return on AI investments. On the same day, the European Central Bank announced that President Lagarde would step down early in February 2027, and maintained its benchmark interest rate at 2.5%. The U.S. economy grew by 3.4% in the third quarter, with the PCE price index rising 3.6% year-over-year in September.
05:55
Binance co-founder Changpeng Zhao (CZ) stated that Binance has allegedly suffered a hack, but user funds are safe. Tether CEO Paolo Ardoino said that over 1.567 billion USDT related to the potential attack have been frozen, while Circle CEO Jeremy Allaire stated that over 800 million USDC have been frozen in coordination with law enforcement, totaling over $2.3 billion in frozen funds. CZ thanked both companies and expects all user funds to be fully covered. Binance is actively investigating and has temporarily suspended Binance Alpha trading, including token purchases and instant trades using spot wallet funds. Withdrawals will resume once security issues are resolved.
05:52
Israeli opposition leader Gadi Eisenkot condemned Prime Minister Benjamin Netanyahu after Netanyahu's Likud party accused foreign interference following the general election and claimed Arab parties "stole" the election, leading to his ruling coalition losing its majority. Israel's domestic security agency, Shin Bet, is investigating whether Arab parties received illicit funds from Qatar and Turkey, but Qatar's Ministry of Foreign Affairs denied these "absurd and dangerous" allegations. Critics believe Netanyahu's move aims to delegitimize Arab parties, thereby preventing Eisenkot from forming a government with them.
05:51
After billions of dollars moved out of Binance hot wallets, Tether and Circle froze a combined $1.79 billion in USDT and USDC. Suspicious outflows were estimated at up to $5.8 billion, and Binance said it was investigating.
05:46
Al Jazeera reported that Israel has extended the entry ban for Sheikh Ekrima Sabri, the Imam of Al-Aqsa Mosque, until April 2027. Since early 2026, Israeli authorities have issued over a thousand entry bans, prohibiting Palestinians from entering Al-Aqsa Mosque and the Old City, including religious figures and Islamic Waqf officials. Waqf officials warn that Israel's control over the Muslim holy site is diminishing, citing examples such as a reduction in the number of guards and Israel's unilateral closure of the mosque for 40 days during the war with Iran without consultation.
05:46
CZ reposted a message from Paolo Ardoino stating that Tether had frozen more than 1.567 billion USDT linked to a potential hack of the Binance exchange. The message said protecting the industry and its partners was Tether’s main priority. CZ reacted with prayer emojis and called Tether a “life saver.”
05:45
On-chain data shows that Binance's hot wallets, across three blockchains, experienced outflows of approximately $5.57 billion, suspected to be due to a hack. Tether and Circle have frozen $975.1 million in USDT and $823 million in USDC, respectively, totaling about $1.8 billion. Binance stated it is investigating potential security issues but has not yet confirmed that user funds were affected. Following this news, Bitcoin fell by approximately 2.6%, BNB by about 7%, and privacy coin Monero rose by about 6%.
05:38
Polymarket has launched 15-minute gold and silver betting in partnership with Chainlink. These contracts use opening and closing spot prices, with U.S. participants paying approximately $1.74 per 100 50-cent contracts before rebates.
05:37
Tether has frozen $971 million USDT in a wallet suspected to be involved in a Binance drain. Binance stated it is investigating a potential security issue but has not confirmed any impact to user funds.
05:22
Intel's stock price fell over 15% in after-hours trading on Thursday after the company released its third-quarter earnings report and warned investors that the slowdown in the PC market would continue to impact future profitability, with the weak PC market expected to persist until 2027. Although revenue growth was driven by a 21% increase in its data center and AI businesses, the weak outlook overshadowed this performance. Intel also issued below-expectations fourth-quarter guidance, projecting revenue between $15 billion and $16 billion.
05:22
Hundreds of ETH changed hands at elevated stablecoin prices on Uniswap, while Chainlink’s ETH/USD reference feed showed about $2,250, indicating a significant premium over Binance's price.
05:17
Changpeng Zhao (CZ) addressed the suspected hacking incident at Binance, confirming the safety of user funds and stating that it indeed appears to be a hack targeting Binance. He thanked Tether and Circle for swiftly freezing the relevant funds, with Tether freezing approximately $971 million in USDT and Circle freezing about $823 million in USDC. Changpeng Zhao emphasized that while he no longer manages Binance.com, as a shareholder, he expects all user funds to be fully covered.
05:16
South Korean fintech Viva Republica, operator of the Toss app, is set to acquire Cheer Securities, a smartphone-based brokerage subsidiary of Japan's Tokai Tokyo Financial Holdings. The move aims to capitalize on growing interest in investing among young Japanese consumers and expand Viva Republica's reach in mobile-first retail investing.
05:15
Crypto prices are sliding following news of a potential multi-billion dollar hack targeting Binance, with BNB coin down 6% in the last hour.
05:12
Former U.S. President Donald Trump posted on Truth Social, announcing his "complete and total endorsement" of Congressman Mike Kelly for re-election in Pennsylvania's 16th Congressional District. Trump praised Kelly as a senior member of the House Ways and Means Committee, who understands "America First" policies and is committed to job creation, tax cuts, deregulation, promoting American energy dominance, and "Made in America." He also attacked Kelly's opponent, Justin Wagner, as a "radical left-wing Democrat" who opposes tips, overtime pay, and tax-free Social Security, and accused him of supporting policies such as massive tax increases and open borders.

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