Analyst: Binance Hack Shakes Market, Fear and Greed Index Drops to Lowest Since August

Odaily Report: Stablecoin issuer Tether International, S.A. de C.V. has published its Q3 2026 attestation report compiled by BDO, with data as of September 30. Total reserve assets at quarter-end amounted to $191.5 billion, of which direct and indirect U.S. Treasury holdings totaled $132.4 billion.USD₮ issuance remained broadly stable at $184 billion across the first three quarters; cumulative net operating profit for the same period reached $4.5 billion, of which $1.5 billion was recorded in Q3, flat versus Q2. U.S. Treasuries and reverse repurchase agreements continued to contribute the majority of revenue.As of September 30, the company's total assets stood at $191.451 billion and total liabilities at $183.496 billion, with assets exceeding liabilities by $7.955 billion. Excess reserves rose from $4.1 billion at the end of Q2 to $7.95 billion, nearly doubling. (Tether News)

Odaily: Fed's Musalem stated that monetary policy is currently accommodative, overall financial conditions remain loose, and inflation is still too high. Without Fed action, it is unlikely to ease, and raising rates sooner can reduce the risk of shocks to the broader economy.

Odaily: CZ posted a response to the discussion that the Binance hack had limited impact on Bitcoin's price, stating that the $6.3 billion stolen this time is the largest in USD terms, but not in terms of Bitcoin quantity. Mt. Gox lost approximately 650,000 BTC back then, accounting for more than 5% of Bitcoin's total supply, and its impact was greater.CZ pointed out that assessing the impact of a hack also requires considering the number of affected users and the proportion of their assets damaged. In the Mt. Gox and FTX incidents, the affected users and the scale of their assets were nearly fully covered, whereas in Binance's case this time, the affected party was only the platform itself, user assets were unaffected, and the platform will bear all losses. CZ acknowledged that this incident remains a major blow to the crypto industry, to Binance, and to himself, but emphasized that Binance can survive the crisis, and that protecting users is the most important thing.

Odaily reported: According to MSX.COM data, as the U.S. stock market suffered a sell-off, investors' risk-aversion sentiment has noticeably intensified. The CBOE Volatility Index (VIX) rose 3 points to 20.17, having touched 22.31 intraday, hitting a recent high. The VIX index has climbed back above the 20 threshold, indicating a marked increase in market concerns over short-term stock market volatility.

Odaily report: Crypto analyst Darkfost posted that market sentiment deteriorated noticeably within a single day, with the Fear and Greed Index falling from 51 (neutral) to 30 (fear), the lowest level since mid-August. Over the same period, Bitcoin dropped about 4% to 5% within 24 hours, briefly touching a six-week low near $76,500; Ethereum fell below $2,200, and total liquidations across the market exceeded $1.6 billion in the past 24 hours.Darkfost noted that historically, periods of market pessimism often correspond to accumulation opportunities, but the current index reading of 30 only represents fear and has not yet entered the extreme fear zone below 25, suggesting market sentiment may remain under pressure. In addition, this round of decline was partly triggered by Binance's $6.3 billion hack incident and did not stem entirely from a clear deterioration in market fundamentals.

Odaily: In an interview with CNBC, Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), addressed the Binance hack incident, stating that the CFTC wants to provide a federal-level registration option for relevant exchanges so they can prioritize completing registration through federal regulatory channels.