Morning Report | The Nasdaq Composite Index fell 2.9% on October 30; Binance experienced a major security incident, affecting approximately $6.3 billion
Overview of Important Market Events on October 30Compiled by: ChainCatcher
Data from the Past 24 Hours
Bitcoin is currently priced at $77,369, down 0.8% in the past 24 hours, with a high of $78,804 and a low of $76,326.
Ethereum is currently priced at $2,245.54, down 0.3% in the past 24 hours, with a high of $2,262.49 and a low of $2,174.08.
According to Coinglass, the Crypto Fear and Greed Index is at 29, indicating fear, down 21 points from the previous reading.
The S&P 500 closed at 7,580.07 points on October 30, down 1.8%.
The Nasdaq Composite Index closed at 25,437.00 points on October 30, down 2.9%.
The Dow Jones Industrial Average closed at 51,770.31 points on October 30, down 1.1%.
Important Events in the Past 24 Hours
1. Binance Faces Major Security Incident Affecting Approximately $6.3 Billion
Binance released preliminary investigation results on its official X account, stating that the security incident may involve the laptop of a DevOps engineer being compromised, allowing attackers to access service containers and submit unauthorized withdrawal transactions. The total estimated impact is approximately $6.3 billion, with around $3 billion in assets frozen. Binance will cover all losses through the SAFU fund and company funds to ensure user funds are secure and has suspended deposits and withdrawals. Binance has contacted law enforcement and blockchain intelligence partners to track and recover the funds.
2. Shen Yu Discloses Details of Binance Theft, Attackers Moved Approximately $5.8 Billion
Shen Yu, co-founder of Cobo, released a video reviewing the suspected theft incident at Binance. The attackers broadcasted a transaction containing 50 authorization requests in the early hours of October 30, and began transferring assets in bulk about 3 minutes later, involving multiple chains. Based on the prices at that time, the total amount of transferred assets is approximately $5.8 billion. Tether, Circle, and Ripple have frozen some assets.
3. ZachXBT: Binance and Bitget Attacks Were by the Same Attacker
On-chain detective ZachXBT monitored and found that the stolen funds from Binance, approximately $6.3 billion, and the stolen funds from Bitget, approximately $388 million, were mixed at the same address, indicating that the two incidents may have been perpetrated by the same attacker.
4. Arkham: $6.01 Billion Stolen from Binance, $2.8 Billion Frozen
On-chain intelligence platform Arkham stated that the Binance hacker transferred $6.01 billion from Binance's hot wallet across nine chains, with the issuers freezing $2.8 billion of that amount. Approximately $2.9 billion in ETH, BTC, TRX, SOL, and other tokens remain transferable.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of October 31, 08:00
The top five popular tokens in the past 24 hours for ETH are: cirBTC, PEPE, USDS, SKY, BEAM
The top five popular tokens in the past 24 hours for Solana are: iCoin, NIO, NEURALINK, STONK, WASTED
The top five popular tokens in the past 24 hours for Base are: XDP, AXIS, SOL, RSGP, NVDAc
The top five popular tokens in the past 24 hours for BSC are: BNCB, SAFU, SAFU, JAGENT, CTO
What Are Some Must-Read Articles from the Past 24 Hours?
From Mt. Gox to Binance, twelve years have passed, and exchanges remain the most vulnerable and enticing link in this industry chain.
$6.28 billion stolen from Binance, with all eight chains compromised.
AI Chip Supply Shortage, Intel Plummets 20%
Intel's Q3 revenue is $16.51 billion, a 21% year-on-year increase, with a net profit of $3.32 billion, down 18% year-on-year; Q4 guidance of $15 billion to $16 billion is significantly below expectations, causing the stock price to plummet 20%.
Discussing the $5.6 Billion Theft Incident at Binance
$5 billion stolen from Binance, marking the largest hack in cryptocurrency history.
Finally, Amazon Has Also Burned Through Free Cash Flow
Amazon Q3: AWS growth rate of 39.3% hits a five-year high, with backlogged orders of $578 billion, and an operating profit margin of 13.9% reaches an all-time high; however, free cash flow has turned from +$14.8 billion to -$42.4 billion, with full-year capital expenditures maintained at $220 billion, and Q4 guidance below expectations, causing the stock price to drop over 7% in after-hours trading.
Risk warning Risk warning
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