🇧🇹 Bhutan once held about 13,000 BTC, nearly twice as much as 🇸🇻 El Salvador Now, trackers show only 518 BTC. Here's how much Bitcoin governments hold worldwide.

STRATEGY CFO RESIGNS AS COMPANY REPORTS RECORD $21 BILLION QUARTERLY OPERATING INCOME Strategy CFO Andrew Kang is stepping down November 5, according to an SEC filing released Thursday. The company says his departure is for personal reasons and does not involve disagreements over its operations or policies. CEO Phong Le will temporarily assume CFO responsibilities before Reza Virasteh takes over in January 2027. Under the new structure, Le will retain direct responsibility for Strategy's Bitcoin treasury, capital markets and financing activities. The leadership change comes as Strategy reports record quarterly operating income of approximately $21 billion, driven primarily by gains in the value of its Bitcoin holdings. Strategy currently holds 848,517 BTC and has raised more than $21 billion in capital year to date.

Fidelity, which manages over $7.8 trillion in assets, releases a video explaining the fundamentals of Bitcoin and blockchain to its clients. #Bitcoin

🇧🇹 Bhutan once held about 13,000 BTC, nearly twice as much as 🇸🇻 El Salvador • Now, trackers show only 518 BTC. • Here's how much Bitcoin governments hold worldwide. #Bitcoin

Remember Uptober? Last one was in 2024

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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Emmett Gallic (@emmettgallic) on X

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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Christine Lagarde (@Lagarde) on X

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