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  • Binance investigates potential multibillion-dollar hack
    by Nate Kostar on October 29, 2026 at 9:24 pm

    Binance said it is investigating a potential security breach after suspicious wallet transfers, while co-founder CZ reported nearly $1.8 billion in frozen stablecoins.Binance is investigating a potential multibillion-dollar security breach involving one of its Ethereum wallets, after suspicious transfers prompted stablecoin issuers Tether and Circle to reportedly freeze nearly $1.8 billion in assets.A Binance spokesperson told Cointelegraph on Thursday that the exchange was investigating reports of a potential security issue but had not confirmed any impact on user funds. The spokesperson said its security teams were reviewing the activity and would provide updates once more information was verified.Binance co-founder Changpeng Zhao said the activity appeared to be a hack, adding that Tether and Circle had frozen approximately $971 million and $823 million, respectively. Zhao, who no longer manages the exchange, said he expected all user funds to be fully covered.Read more

  • Here’s what happened in crypto today
    by Sam Bourgi on October 29, 2026 at 7:58 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, prediction market platform Kalshi raised $1 billion at a $40 billion valuation, cryptocurrency exchange HTX agreed to halt unlawful promotions in the UK following legal action by the Financial Conduct Authority and CFTC Chair Michael Selig outlined a future where AI-powered refrigerators could stake Ether and launch memecoins.Prediction market platform Kalshi has raised $1 billion at a $40 billion valuation, nearly doubling since May as it expands beyond sports contracts.Wellington Management and Sequoia Capital co-led the Series G round, Reuters reported Thursday. Kalshi also disclosed that its non-sports markets have surpassed $1 billion in annualized revenue, according to The Wall Street Journal.Read more

  • Public companies double share of blockchain revenue since 2022: Report
    by Nate Kostar on October 29, 2026 at 7:53 pm

    A new 1kx report finds that public companies are capturing a larger share of blockchain revenue, driven by institutional adoption and real-world applications.Publicly traded companies accounted for 16% of blockchain industry revenue in 2026, more than double their 7% share in 2022, according to a new report from crypto investment firm 1kx.The increase comes as overall blockchain revenue is projected to decline 28% year over year to roughly $100 billion in 2026. The report analyzed data from more than 2,600 protocols and earnings reports from 104 publicly traded companies through the third quarter.The researchers attributed the growing share of public companies partly to new stock market listings, including stablecoin issuer Circle, which went public in 2025, and revenue growth among existing companies. The 10 largest publicly traded companies in the study doubled their blockchain-related revenue over the past three years.Read more

  • Polymarket suspended trading amid reports of user funds being drained
    by Turner Wright on October 29, 2026 at 7:23 pm

    The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.Prediction markets company Polymarket reported its Predictions Trading API had experienced a “major outage,” resulting in the platform temporarily halting trading.In a Thursday update to its status page, Polymarket said that the platform was in “cancel-only” mode after it had identified and fixed an issue impacting its operations. As of 7:05 pm UTC, the platform reported all its systems were operational.“One of our third party providers was compromised, and we have referred this to relevant law enforcement,” said Polymarket. “Anyone who has been impacted will be made whole.”Read more

  • HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perps
    by Bryan O’Shea on October 29, 2026 at 5:12 pm

    Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures.Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller.HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96.Perpetual futures allow traders to take positions on asset prices without an expiration date. Hyperliquid is the largest decentralized exchange in the world to trade such instruments, DefiLlama data shows.Read more