Odaily reports that according to Onchain Lens monitoring, a transaction signed by a BitGo custodial account unstaked 204,044 SOL and transferred it to an FTX/Alameda-associated wallet, worth approximately $16.89 million. This operation only shows that the SOL was unstaked and transferred to the associated wallet; it cannot yet be confirmed whether it will be sold afterward.

Odaily Report: Fitch Ratings stated that after Binance suffered a hack, Bitcoin fell about 6% within 10 hours of the initial related reports. The report said the incident involved approximately $6.3 billion in digital assets stolen across multiple blockchains, including about 18,270 BTC, worth about $1.5 billion at the time of the incident.Fitch Ratings noted that Bitcoin's decline this time was smaller than during previous market shocks: a 35% single-day drop in the early days of the COVID-19 pandemic in 2020, a 14% decline after the FTX collapse in 2022, and a 21% decline after the Bitstamp hack in 2015. Over the same period, Bitcoin's daily trading volume rose 67% to $40.9 billion.Fitch Ratings said the trading market structure is deeper and more diversified, reducing the market's reliance on a single exchange and helping support liquidity when individual platforms are disrupted. Binance co-founder and former CEO CZ called for industry unity and said the interconnected structure of the crypto market helps avoid systemic collapse.Fitch Ratings also noted that cybersecurity vulnerabilities and operational disruptions remain major risks. (Bitcoin.com News)

Odaily reports that Meta Financial AI posted on X platform stating that when exchanges encounter major crises, their platform tokens are often the first to be affected, citing the token price performance of FTX, WazirX, and Bitget following previous security incidents as examples. Binance suffered a $6.3 billion hack on October 29, the largest hack in crypto industry history, amounting to roughly 16 times the losses from Bitget's previous attack. However, over the past 30 days (including during the hack incident), SOL, XRP, ETH, BTC, and BNB fell 18.3%, 16%, 9.7%, 7.4%, and 5.7% respectively, with BNB actually being the asset with the smallest decline.CZ responded that most crypto asset price movements are largely synchronized, with only minor percentage differences, and the impact on one asset will ripple across the entire industry, making infighting within the industry meaningless. He called on the crypto industry to be "Decentralized but united."

Odaily reports that AnubisChain has announced the official launch of the NFTX NFT trading platform on AnubisChain, further enhancing the network's NFT infrastructure. This integration will provide more application opportunities for the issuance, display, and trading of on-chain assets, driving NFT asset circulation and unlocking ecosystem value. At the same time, it will create a more open on-chain interaction environment for creators, collectors, and digital asset participants. With quality ecosystem platforms such as NFTX successively going live, AnubisChain now has comprehensive coverage across DeFi, RWA, Meme, NFT, and other diverse sectors.

Odaily Report: CryptoQuant analyst Axel Adler Jr. posted that October, known as "Uptober," has closed lower for the second consecutive year. Bitcoin fell 7.2% in October this year, compared with a 3.8% decline over the same period last year. Bitcoin had previously risen 25% and 6.4% in August and September, respectively, but the market failed to sustain the rebound, and seasonal upside expectations were once again disappointed.Adler noted that the theft of assets from Binance's hot wallet on October 29 cast a shadow over the month's market. The incident caused losses of approximately $6.3 billion, and Binance said it would absorb the losses through the SAFU fund and the company's own capital. He believes that assessing the impact of the incident requires attention not only to the amount stolen but also to its impact on market participants' confidence and liquidity.However, Adler believes that the current market reaction remains relatively restrained. Despite the large-scale theft, Bitcoin is still holding near its annual moving average. By comparison, after the FTX collapse in November 2022, Bitcoin fell 23% within a week.

Odaily: CryptoQuant analyst Axel Adler Jr. points out that Bitcoin's price is currently testing the cost basis of short-term holders (STH). Axel Adler Jr. believes that the market's reaction to the Binance hack incident has so far been relatively restrained. Compared with the FTX collapse, Bitcoin is currently showing stronger resilience.

Odaily Report: CZ posted on X in response to discussions about SPCX stock, stating that he never said he wanted to sell SPCX shares. He previously mentioned holding the stock because a related post comparing Binance with FTX might have led outsiders to mistakenly believe that Binance lacks funds; what he actually meant to express was that Binance holds other assets in addition to crypto assets.CZ also stated that the scale of the relevant assets held by Binance is merely a drop in the ocean for the other party and could not possibly pose a threat, and said that SPCX will remain a high-quality stock worth holding long-term for a very long time to come. He also called on outsiders not to frame the matter as confrontation and said there is no need to deliberately create division.Earlier reports said that CZ, in a post replying to Musk's comment on Binance being hacked, stated: "I respect you very much, but now is not the time for jokes. Our SPCX stock (from our $500 million investment in your acquisition of Twitter) is now worth more than a billion dollars. I would be very grateful if you could show a little support."

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: 21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.

Odaily reports that trader Killa stated in a post that the FTX collapse once marked a market bottom, and the recent Binance hack incident may have a similar effect. He believes the best way to recoup losses is to drive prices up significantly rather than push them further down, noting that Binance holds billions of dollars worth of Bitcoin and has the financial capacity to launch billion-dollar-scale long positions, and that such operations may not be directly observable by retail investors.Killa also speculated that Binance may have generated approximately $1 billion in revenue through liquidations, slippage, and trading fees. Although the market may need some time to digest the short-term impact of this incident, he remains bullish on the medium- to long-term outlook for the crypto market.