Despite Bitcoin's selloff following the Binance hack, BTC is still trading comfortably above its 200-day moving average. Bitcoin remains between its 50-day and 200-day moving average cloud, with another 5–6% of downside cushion before testing the longer-term trend line. Short-term weakness is clear, but the broader recovery structure has yet to break.

🇪🇺 EUROPE MOVES TOWARD NEW TAXES ON INTERNET TRAFFIC AND AI REVENUE Yesterday, French lawmakers voted to introduce a €0.055 tax on every gigabyte of internet data delivered to French users, targeting digital content providers. The proposal could raise an estimated €10 billion annually. Meanwhile, Germany is considering taxing revenue generated by artificial intelligence, with government ministers arguing the proceeds could help finance economic disruption and workforce changes. Neither measure has become law. The proposals come as European governments face mounting budget pressures, aging populations and growing pension and welfare obligations. Add to this ongoing debates over wealth taxes and existing exit taxes in several European countries. Europe’s fiscal pressures are growing, and governments are increasingly looking to new sources of tax revenue, including foreign technology companies, to help close the gap.

Despite Bitcoin's selloff following the Binance hack, BTC is still trading comfortably above its 200-day moving average. • Bitcoin remains between its 50-day and 200-day moving average cloud, with another 5–6% of downside cushion before testing the longer-term trend line. • Short-term weakness is clear, but the broader recovery structure has yet to break. #Bitcoin

How would you rate Bitcoin’s price performance during the worst exchange hack of all time? #Bitcoin

Silver is less than $1 from completely wiping out its parabolic gains from the last year.

DID YOU KNOW: America’s worst stock market crash and the world’s worst crypto exchange hack both happened on October 29th?

The $1.4 Billion Binance Bitcoin Theft • 18,270 BTC was drained from a Binance hot wallet in 11 transactions, all confirmed in the same block. • As of 05:28 UTC, not a single bitcoin had moved out of those addresses • 🧵 on how it happened #Bitcoin

Kraken Reports Trading Disruptions Amid Concerns over Aave Exposure • Kraken says users are experiencing issues connecting to its platform and submitting orders across web, mobile and API services. • The outage comes as one analyst speculates Kraken may be facing a liquidity squeeze following the suspension of Aave markets, citing more than $130 million in alleged exposure. • No liquidity crisis has been confirmed.

CRITICAL QUESTION EMERGES IN BINANCE HACK OVER HOW ATTACKERS GAINED CONTROL OF ITS WALLET Attackers reportedly used EIP-7702 delegation to redirect Binance’s wallet to malicious code, allowing funds to be drained. But how did they obtain authorization? Two possibilities are being investigated: 1) a stolen private key or 2) a malicious authorization signature obtained through a compromised signing process. Neither has been confirmed. If the private key wasn’t stolen, the attack could expose a major vulnerability in how exchanges authorize transactions, rather than how they secure private keys.

BINANCE-LINKED BITCOIN HOT WALLET REPORTEDLY DRAINED OF 17,500 BTC A Bitcoin address identified as a Binance hot wallet in the exchange’s own transparency disclosures has reportedly seen approximately 17,500 BTC moved out. The transfer comes amid reports of a major security breach involving Binance-linked Ethereum wallets. It remains unclear whether the Bitcoin transfer was unauthorized or a move to safety.

LA r g e s t c r y p t o h a c k O F a L L T I M E

Strategy Reports Record $21 Billion Q3 Operating Income, Holds 848,517 Bitcoin • Strategy reported $19.5 billion in net income and $44.75 earnings per share, driven by a $20.9 billion gain on its Bitcoin holdings. • The company raised $21.2 billion in capital YTD, purchased $14.3 billion in Bitcoin and grew its holdings 26% to 848,517 BTC. • Strategy also repurchased $2 billion of STRC shares, built a $5.1 billion USD reserve and announced CFO Andrew Kang will step down November 5. #Bitcoin

🚨 over $5 Billion Reportedly Moved from Binance-Linked Wallets in Suspected Hack • On-chain analysis suggests attackers exploited Ethereum’s EIP-7702 delegation feature to drain assets, including $1.6 billion in USDT and another $780 million in USDC. • Binance says user funds remain safe and an investigation is underway. • emmettgallic: Now tracking over $5B that has left Binance today

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Now tracking over $5B that has left Binance today

Do you think the face bandages have anything to do with her early resignation?

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I have just informed my colleagues that I will step down as @ECB President on 7 February 2027. It has been a source of great pride to serve this i...

🇪🇺 Breaking: ECB President Christine Lagarde to Resign Early in February 2027 • Lagarde will leave eight months before her term expires in October 2027, as Europe faces mounting debt concerns and renewed inflation risks. • The former French finance minister has discussed taking over as chair of the World Economic Forum and potentially playing a role in France’s 2027 presidential election. #Macro

🇦🇪 UAE FIRM ANNOUNCES $1.5 BILLION BITCOIN AND REAL ESTATE INVESTMENT STRATEGY WITH COINBASE Standard Asset Company has opened its Abu Dhabi headquarters, with plans to acquire income-producing UAE real estate while building a Bitcoin reserve managed exclusively by Coinbase Asset Management. The strategy aims to generate real estate income alongside additional returns from managed Bitcoin holdings.

JASON CALACANIS SAYS BITCOIN WILL NEVER BREAK ITS ALL-TIME HIGH AGAIN. THREE BITCOINERS HAVE OFFERED HIM $1 MILLION BETS Fred Krueger gave him until Oct. 28, 2036, for Bitcoin to top its October 2025 record of $126,210.50. Grant Cardone offered two years, to Oct. 28, 2028. Producer Terence Michael put up a third $1 million. Calacanis hasn't taken any of them. He has replied to Krueger by saying, "Propose next 12 month bet." He has said Bitcoin could revisit $57,000 within 12 months, citing ETF outflows and competition from AI investments.

🇺🇸 FED’S LISA COOK AND BETH HAMMACK OUTVOTED 10-2 IN BID TO RAISE INTEREST RATES The Federal Reserve voted to hold rates steady at 3.75%–4% today. Cook and Hammack pushed for a 25-basis-point hike, but the other 10 officials voted to keep rates unchanged as inflation remains elevated.

Strategy Shareholders Approve Daily Dividends for Four Preferred Stocks • Strategy shareholders approved amendments allowing $STRF, $STRC, $STRK and $STRD to pay dividends daily instead of monthly or quarterly. • Daily dividends begin November 1 for $STRC and January 1, 2027, for the other three securities. • Each calendar day, including weekends and holidays, will have a dividend record date, though payments may be consolidated based on trading and settlement rules.

A security flaw in Electrum allowed hackers to steal Bitcoin without accessing private keys. • One user lost funds simply by trying to increase a transaction fee. • Here's what went wrong and why Electrum users should update their wallets. #Bitcoin

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