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  • Here’s what happened in crypto today
    by Yohan Yun on November 2, 2026 at 10:36 pm

    Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.Today in crypto: Mercado Bitcoin halted deposits and withdrawals after a hack reportedly drained more than $46 million from its wallets. Binance’s emergency Bitcoin reserves fell to roughly half their pre-hack level as the exchange moved to cover $6.3 billion in losses from an attack the FBI attributed to North Korea.Mercado Bitcoin, one of Brazil’s largest cryptocurrency exchanges, confirmed a security incident on Monday that blockchain analysts estimated drained more than $46 million from its wallets. Despite the company’s announcement that it had suspended deposits and withdrawals, addresses associated with the incident continued to receive funds for hours afterward.Senior security engineer at Certik, Dickson Wu, published an initial post-mortem of the incident, saying the attackers “picked at eight small chains for four hours,” including Base, Optimism and Arbitrum. The attack then moved to the company’s main hot wallets before transferring tiny amounts of Ether (ETH) from 27,160 different addresses. Read more

  • New Jersey drops Coinbase staking order ahead of crypto’s midterm test
    by Isabelle Castro on November 2, 2026 at 10:22 pm

    New Jersey lifted its staking ban and dropped a $5 million penalty, clearing the way for Coinbase to restore staking access for users in the US state.New Jersey’s securities regulator has rescinded its 2023 cease-and-desist order against Coinbase’s staking service, lifting a ban that stopped residents staking new funds on the exchange for over three years.The Oct. 30 notice, signed by Acting Bureau Chief Keith A. Alt, withdrew the order and its $5 million penalty without prejudice and without a ruling on the merits. The wording leaves the Bureau of Securities free to bring a fresh enforcement action against Coinbase in the future. Coinbase disclosed the move in its third-quarter filing, stating the regulator informed the company on Oct. 29 of its plan to rescind. CEO Brian Armstrong said New Jersey users would regain staking access “very soon”. Read more

  • AI poses greater threat to Bitcoin than quantum computing, Swan founder says
    by Nate Kostar on November 2, 2026 at 9:54 pm

    The Swan Bitcoin founder warned that hackers are using large language models to exploit security flaws with just a few prompts.Artificial intelligence poses a more immediate threat to Bitcoin security than quantum computing, according to Swan Bitcoin founder Cory Klippsten, who warned that hackers are increasingly using AI to exploit vulnerabilities as crypto exchanges face a string of security breaches.Speaking on Cointelegraph’s Chain Reaction, Klippsten dismissed much of the concern surrounding quantum computing as speculative, arguing that advances in large language models present a more pressing challenge as attackers use the technology to probe security weaknesses.The warning comes as Brazil’s Mercado Bitcoin suspended deposits and withdrawals on Monday following a security incident, with researchers estimating that more than $46 million had left its wallets. Just days earlier, exchange Binance lost $6.3 billion in an Oct. 29 hack that the Federal Bureau of Investigation (FBI) attributed to North Korean hackers. Read more

  • Crypto investigators flag suspected $106M theft, $786K Solana bot drain
    by Nate Kostar on November 2, 2026 at 9:16 pm

    A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.An unidentified entity in the European Union may have lost more than $106 million from accounts at multiple cryptocurrency exchanges on Sunday, according to blockchain investigator ZachXBT.In a Monday post, ZachXBT said funds suspected to have been stolen were withdrawn in USDC and USDT before being moved through several cryptocurrencies and blockchains.The suspected attacker swapped USDC for Ether (ETH), used instant exchange services including WellWallet and Kyrrex, and converted funds into Monero (XMR) through the swap service Wagyu.Read more

  • Coinbase hit with 50% price target cut as post-earnings rout deepens
    by Nate Kostar on November 2, 2026 at 8:22 pm

    Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.Investment bank Morgan Stanley turned bearish on Coinbase (COIN) on Monday, cutting its price target by more than half as it warned that the cryptocurrency exchange’s profits could recover more slowly than expected.Analyst Michael Cyprys lowered the stock’s price target from $258 to $120, a cut of about 53%, citing recent trading trends, a softer revenue outlook and uncertainty in the crypto market following Binance’s $6.3 billion hack, according to a Monday report.The bank still sees Coinbase as one of the strongest competitors in crypto but expects profits to recover more slowly than previously forecast, putting further pressure on its share price.Read more