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According to Gate market data, Bitcoin is currently priced at $75,953.19, with a 24-hour increase of 0.09%. CoinGlass data shows that the funding rate weighted by BTC positions is 0.0087%, and the funding rate weighted by trading volume is 0.0081%, maintaining an overall neutral range; the funding rate weighted by ETH positions has risen to 0.0068%, and the funding rate weighted by trading volume has risen to 0.0064%, both remaining in a neutral range, with bearish sentiment further easing.CoinGlass standardizes the funding rates across various platforms to an 8-hour basis. The funding rate is a mechanism for the exchange of long and short funds set to keep perpetual contracts close to spot prices; 0.01% is the benchmark rate, with rates above 0.01% indicating a bullish market and rates below 0.005% indicating a bearish market.

Cryptocurrency trader Doctor Profit posted that Bitcoin is currently testing the Level 2 key price level mentioned in his previous report. He stated that if BTC breaks through this level and successfully recovers, maintaining stability in the daily close, it will be an important bullish signal, indicating that the market has digested the panic selling triggered by the Binance hacking incident, and the sell-off phase may be coming to an end, with buyers regaining control of the market.

According to Bloomberg, after Binance experienced a record $6.3 billion hack, it has increased incentives for some market makers trading on the platform to boost trading activity. Sources familiar with the matter revealed that shortly after the security breach, the company reached out to smaller trading firms to offer higher commissions in the spot and futures markets.Sources indicated that during this week-long initiative, so-called level 2 and level 3 market makers would receive the same commission rates as level 4 participants, which is the highest tier on the platform. The sources added that these changes are aimed at providing greater financial incentives for smaller liquidity providers to quote on the trading platform and maintain a deeper order book.According to information on its website, Binance primarily categorizes market makers into different tiers based on the liquidity they provide, with companies offering larger trading volumes qualifying for higher tiers, typically receiving larger commissions, thereby reducing their trading costs. A Binance spokesperson stated that the latest measures following the security breach help to calm the market and noted that, just as prioritizing clear communication is important, the company took immediate action to maintain its core competitive advantage in liquidity. According to data from Talos, within 24 hours after the hack, the depth of the Bitcoin order book on Binance dropped by about 30%, with the depth within a 1% price range falling from $45 million to $32 million.

The TRON network super representatives (SR) initiated the voting for proposal number 108, which aims to enable the smart contract storage optimization feature introduced in GreatVoyage-v4.8.2.4 (Empedocles). If the proposal passes smoothly, it is expected to take effect on November 2, further enhancing the stability and reliability of contract storage operations and improving the network's performance in relevant execution scenarios.In case of abnormal node block synchronization, please first check whether the node has been upgraded to version v4.8.2.4 and complete the version update in a timely manner to ensure normal synchronization of the node. Community developers can refer to the proposal discussion page for specific technical details and continue to monitor the voting and official implementation progress.

According to the Science and Technology Innovation Board Daily, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over a Party Committee (expanded) meeting on October 30, conveying and studying General Secretary Xi Jinping's important speech and the spirit of the Fifth Plenary Session of the 20th Central Committee of the Communist Party, and researching and deploying measures for implementation. The meeting emphasized that deeply studying and implementing the spirit of the plenary session is a major political task for the current and future period. The CSRC system must seriously organize and carry out interpretation and training comprehensively and categorically.The meeting proposed to continue to focus on solving prominent problems and to promote a rapid surge in learning, publicity, and implementation. At the same time, it is necessary to fully leverage the political leadership and political guarantee role of strict governance of the Party, firmly establish a sense of overall situation and systematic thinking, make every effort to stabilize the market and expectations, deepen comprehensive reforms in investment and financing, improve the full-chain regulatory system, continuously enhance the resilience and confidence of the capital market, and ensure the successful completion of all tasks in the capital market in the first year of the 14th Five-Year Plan.

Federal Reserve Chairman Waller stated that we will achieve price stability without any excuses or conditions.

Stable officially announced that the Stable mainnet will be upgraded to v1.9.0 on October 31 at 17:00 (UTC+8), with a block height of 45,091,000.This upgrade mainly includes protocol security reinforcement and network resilience optimization, aiming to enhance the security, reliability, and operational stability of transaction processing and settlement, providing infrastructure support for on-chain payments, exchange settlements, and corporate financial asset management activities.

On October 22, TRON officially released GreatVoyage-v4.8.2.4 (Empedocles). This update focuses on enhancing the consistency and stability of operation execution in a few special scenarios, and further optimizes the storage of smart contracts and metadata processing logic in edge cases, which helps to improve the execution reliability of nodes in complex operating environments and the overall stability of the network.This version is a mandatory upgrade. TRON reminds relevant nodes to complete the update as soon as possible to avoid affecting block synchronization. For specific version changes and upgrade methods, please refer to the official version release notes and deployment documentation.

Gold prices have stabilized near a three-month low, with spot gold prices hovering around $4,020 per ounce. Global X ETFs analyst Justin Lin stated that gold may recently face liquidity-driven selling, as market expectations for further interest rate hikes by the Federal Reserve have cooled, which should provide support for gold prices in the short term.Despite facing downward pressure, gold prices may see a V-shaped rebound.

European Central Bank President Christine Lagarde emphasized the importance of maintaining sound public finances, calling it a key pillar of economic stability. She pointed out that countries should ensure that fiscal measures to address energy shocks are temporary and targeted.Lagarde reiterated that the economic outlook for the Eurozone faces downside risks, while inflation risks are tilted to the upside.

Federal Reserve Chairman Waller stated that the Federal Reserve needs to consider financial stability risks.

Anthropic informed investors that its third-quarter revenue soared to 16.8 billion USD, an increase of nearly 50% compared to 11.5 billion USD in the second quarter, and it achieved profitability. The company stated that it has achieved profitability on an adjusted basis, and the cash flow for the quarter is positive. The outside world expects its listing to become the highest-valued IPO in history.

Six informed sources stated that banking regulators are intensifying efforts to curb the escalating risks associated with artificial intelligence. Some of these individuals pointed out that cyberattacks on banks or uncontrolled intelligent agents could undermine global financial stability.

Renowned trader Killa stated that buyers are absorbing selling pressure during the recent pullback, which resembles the pattern seen in a previous consolidation range, and there is very little support below the current price level. The market order wall shows a strong accumulation of buy orders just above the $80,000 level, and the buyers' conviction is strong; this price level is also an important psychological barrier for Bitcoin.Killa mentioned that if Bitcoin's weekly K-line closes above the previous week's low (around $82,600) this week, it would be a bullish signal, potentially indicating a typical return to the range after a stop-loss hunt. Killa, a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

Federal Reserve Vice Chairman Jefferson stated that the interest rate hike in September will help stabilize inflation expectations.

During Chinese President Xi Jinping's state visit to the United States, China and the United States reached an eight-point consensus on achievements. Both sides agreed to build a strategically stable relationship based on respect, fairness, and equality, and to support each other in hosting the APEC and G20 meetings. The two heads of state agreed on Iran's commitment to not develop nuclear weapons and recognized the positive role of the China-U.S. economic and trade consultation mechanism, reaching a mutual tariff reduction arrangement of 30 billion dollars. Both sides also agreed to establish a dialogue and communication channel for China-U.S. artificial intelligence.

KelpDAO stated on platform X that it has filed a lawsuit against LayerZero and its co-founder Bryan Pellegrino, seeking accountability for the rsETH cross-chain bridge attack incident that occurred earlier this year. The lawsuit claims that LayerZero failed to adequately disclose its inherent technical weaknesses and risks; failed to prevent its security infrastructure from being compromised; and that LayerZero had previously reviewed and approved Kelp's deployment and configuration in writing.Officials stated that LayerZero has publicly attributed responsibility to itself in recent months. Since the occurrence of the attack, the team has taken action to ensure the safety of user assets, including migrating the rsETH cross-chain bridge to a more secure cross-chain standard.LayerZero co-founder and CEO Bryan Pellegrino tweeted that KelpDAO's related claims lack basis and that he will respond and defend in Vancouver.Previously, LayerZero released an incident report indicating that on April 18, 2026, the KelpDAO rsETH cross-chain bridge built on LayerZero was attacked, resulting in a loss of approximately 116,500 rsETH, valued at around $292 million.

Meta Platforms has released the Meta VR Glasses virtual reality headset priced at $1,299, featuring an external computing module design that significantly reduces the weight of the headset to about 100 grams. Meta stated that the new VR glasses are expected to drive the Reality Labs business towards profitability, with pricing aimed at ensuring that each device is not sold at a loss.

Bitcoin exchange-traded fund (ETF) holders have returned to profitability. Bloomberg ETF analyst James Seyffart posted on the X platform on Monday, stating that the rise in the New York market on Monday morning brought the average investor's cost basis for the ETF (approximately $81,700) back into the profit zone for the first time since January of this year. Despite last week's setback of key cryptocurrency legislation, the Clarity Act, and the Federal Reserve's interest rate hike, Bitcoin still broke through $86,000, reaching a daily high of $86,800, and is currently reported at approximately $86,800, but still over 30% lower than the historical high of $126,000 set last year.In terms of capital flows, U.S. spot Bitcoin ETFs managed by institutions such as BlackRock, Fidelity, Grayscale, and Morgan Stanley recorded a net inflow of over $6 million last week, with investors pouring nearly $593 million on Thursday and Friday alone. According to Coinglass data, these ETFs currently manage a total of $98.8 billion in assets.In the background, Bitcoin began to rise in August after the U.S. Treasury announced it would at least double the scale of long-term bond repurchases, achieving the best weekly performance since 2023. Subsequently, the price reached a historical high in October, but fell back at the end of the month due to the largest liquidation in cryptocurrency history (over $19 billion in positions were liquidated). Despite the Federal Reserve's hawkish turn, investors continued to flock to the so-called "currency devaluation trade," driving the price rebound.