According to Fixygen, the global cryptocurrency market is ending the last week of October 2026 with a decline in major digital assets amid renewed capital outflows from cryptocurrency exchange-traded funds (ETFs). Bitcoin fell below $78,000, Ethereum traded near $2,250, and the most significant pressure on the market occurred on October 29–30.
According to CoinMarketCap’s historical data for October 30, the price of Bitcoin stood at $77,198, down 4.78% over seven days. Ethereum fell 6% to $2,241. Meanwhile, BNB lost 4.8% and traded at around $703.
Bitcoin
$77,198
−4.78% / 7 days
Ethereum
$2,241
−6.00% / 7 days
BNB
$703
−4.80% / 7 days
Price and weekly trends based on historical data from CoinMarketCap as of October 30, 2026.
Bitcoin’s price remained relatively stable at the start of the week. After closing at around $80,000 on October 25, the price rose to $81,250 on October 28, but fell to approximately $77,800 on October 29. During trading on October 30, the price dropped to $76,200, according to OpenBitcoin data.
The most significant drop occurred in the second half of the week, when buyers were unable to keep Bitcoin above $80,000. Ethereum’s decline was even more pronounced, indicating increased pressure not only on the leading cryptocurrency but also on the market for alternative digital assets.
One of the biggest factors putting pressure on the cryptocurrency market was a large-scale cyberattack on Binance. According to the exchange’s official statement on October 30, on October 29 at approximately 8:05 p.m. UTC, attackers gained access to the platform’s hot wallets and withdrew digital assets worth approximately $6.3 billion.
The attack affected various cryptocurrencies, including Bitcoin, Ethereum, BNB, USDT, and USDC. The exchange temporarily suspended withdrawals and began cooperating with law enforcement agencies, blockchain analytics firms, and token issuers.
As of the evening of October 30, Binance reported that it had frozen approximately $3 billion in stolen assets. The company also announced that it had allocated more than $6.34 billion of its own funds to cover the consequences of the attack, including $5 billion in the form of digital assets that had been lost.
Binance management promised to compensate users for their losses using corporate reserves and the SAFU user protection fund. Meanwhile, the investigation into the attack’s mechanism continued. The initial theory that an employee’s work computer had been compromised was supplemented with information about other possible points of entry.
The scale of the incident heightened investors’ concerns about the security of centralized cryptocurrency platforms. The timeline for resuming withdrawals, the possibility of recovering the stolen assets, and the publication of the exchange’s verified reserves took on added significance for the market.
A second key factor behind the market decline was a shift in capital flows into U.S. spot cryptocurrency ETFs.
According to statistics from Farside Investors, during the trading week of October 26–30, net outflows from Bitcoin ETFs totaled approximately $202.4 million, while Ethereum funds lost $431.4 million. The combined outflow from these two categories reached approximately $633.8 million.
Millions of dollars, October 26–30, 2026. Negative values indicate outflows.
However, the performance of the funds was mixed. From October 26 to 29, Bitcoin ETFs attracted a total of approximately $440.8 million. However, on October 30, investors withdrew $643.2 million from them, completely offsetting the inflows of the previous four days.
The largest outflows during the week’s final trading session were recorded in BlackRock’s iShares Bitcoin Trust ($233.7 million), Fidelity’s Wise Origin Bitcoin Fund ($201 million), and ARK’s 21Shares Bitcoin ETF ($129.5 million).
Ethereum funds showed negative flows on all five trading days. The most notable weekly outflow occurred in BlackRock’s products.
This trend indicates that institutional demand in late October was unable to offset investors’ growing caution. Ethereum proved particularly vulnerable, as it simultaneously faced falling prices and sustained capital outflows from ETFs.
An additional source of uncertainty was the U.S. Federal Reserve’s decision on October 28 to keep the benchmark interest rate in the 3.75–4% range.
According to the official statement from the Federal Open Market Committee (FOMC), the U.S. economy continues to grow at a strong pace, though inflation remains elevated. Two committee members advocated for a rate hike of 0.25 percentage points.
The maintenance of relatively tight monetary conditions limits the appeal of speculative assets, which investors continue to classify as including cryptocurrencies.
At the end of the week, the situation was further complicated by a downturn in the tech sector. Investors reacted negatively to certain corporate earnings reports and the capital expenditure outlook for major tech companies.
As CoinDesk noted on October 29, the decline in tech stocks was accompanied by massive position liquidations in the cryptocurrency market. Over the course of a day, the volume of liquidations on cryptocurrency futures reached $356 million, of which approximately $205 million came from long positions.
The market capitalization of the largest cryptocurrencies declined, while stablecoins maintained significant market capitalization
According to CoinMarketCap data as of October 30, Bitcoin’s market capitalization stood at approximately $1.55 trillion, Ethereum’s at $273.8 billion, and BNB’s at $92.5 billion.
The market capitalization of the largest stablecoin, USDT, stood at $179.9 billion. Its price remained close to $1, which distinguishes the performance of dollar-pegged stablecoins from that of crypto assets, which have fallen significantly in value. At the same time, a large-scale cyberattack on Binance once again drew attention to the role of stablecoin issuers in freezing stolen tokens.
According to a Reuters investigation on October 30, coordination between cryptocurrency companies and token issuers made it possible to quickly freeze a significant portion of the stolen funds. However, the ability to similarly freeze Bitcoin itself remains significantly limited.
Thus, the last week of October brought a combination of several negative factors for the cryptocurrency market: a large-scale hack of a major exchange, an outflow of institutional capital, the Fed’s relatively tight monetary policy, and a decline in investor risk appetite.
The prospects for a recovery in early November will depend not only on technical price movements but, above all, on the ability of the cryptocurrency infrastructure to restore market participants’ confidence.
https://www.fixygen.ua/news/20261031/tizhneviy-oglyad-rinku-kriptovalyut-vid-fixygen.html
Binance, BITCOIN, CRYPTOCURRENCY, ETF, Ethereum, INVESTMENTS
In early November 2026, the global cryptocurrency market may attempt a recovery following Bitcoin’s drop below $78,000; however, the prospects for growth will depend on the situation surrounding Binance, the largest cryptocurrency exchange, the trend in institutional investments, and the overall state of global financial markets, according to the Fixygen portal.
By the end of the last week of October, Bitcoin had lost about 4.8% of its value, falling to $77,200, while Ethereum declined by approximately 6% to $2,240. Most of the decline occurred in the second half of the week, when the market faced a large-scale cyberattack on Binance and an intensification of capital outflows from U.S. spot cryptocurrency ETFs.
During November 2–8, the nearest indicative price zones for Bitcoin could be $76,000–78,000 and $80,000–82,000. These ranges correspond to recent trading lows and highs and are regarded as potential areas of support and resistance.
A return of Bitcoin above the psychologically important $80,000 level, accompanied by a recovery in positive capital flows into ETFs, could indicate strengthening demand and create conditions for a further increase in prices toward $82,000.
At the same time, a sustained move below $76,000 could intensify selling pressure and increase the likelihood of a continued correction. Such a scenario could materialize if cryptocurrency platforms experience new liquidity problems or institutional investments decline further.
One of the main events of the coming week will be the publication of an updated Proof of Reserves report by Binance, scheduled for November 2. The company intends to provide information on the availability of digital assets to cover its obligations to customers following the October 29 cyberattack, which resulted in the theft of cryptocurrencies worth approximately $6.3 billion.
According to Binance’s official statement of October 30, the company has set aside more than $6.34 billion of its own funds to cover losses, including $5 billion directly in the affected digital assets. In addition, approximately $3 billion in stolen funds has been frozen in cooperation with industry partners.
The exchange also plans to gradually restore cryptocurrency withdrawals after completing additional security checks. The speed at which operations resume, the results of the Proof of Reserves report, and customer reactions could become important factors influencing sentiment in the cryptocurrency market.
Investors will also focus additional attention on U.S. spot Bitcoin ETFs. During the trading week of October 26–30, net outflows from these funds totaled $202.4 million. On October 30, investors withdrew $643.2 million, completely offsetting the positive flows of the previous four trading days.
A resumption of sustained capital inflows into ETFs could become one of the signals of returning institutional demand. Conversely, continued outflows could limit the recovery in prices even if the situation surrounding Binance normalizes.
Another factor remains the monetary policy of the U.S. Federal Reserve. The maintenance of relatively high interest rates supports the attractiveness of dollar-denominated financial instruments and may restrain investor interest in riskier assets, including cryptocurrencies.
As a result, two main scenarios are possible in early November. If confidence in Binance recovers, institutional flows stabilize, and conditions in stock markets improve, Bitcoin could attempt to return to the $80,000–82,000 range. If capital outflows from ETFs persist and new problems arise on cryptocurrency platforms, the market risks continuing its decline.
At the same time, the indicated price targets are scenario-based estimates derived from recent market dynamics rather than guaranteed levels of future prices.
Binance, BITCOIN, CRYPTOCURRENCY, ETF, FORECAST, INVESTMENTS
The Binance crypto exchange fired at least five employees from its compliance investigations department after they prepared internal reports on transactions that could be related to circumventing sanctions against Iran, Fortune reported, citing sources and internal company documents. According to Fortune, the reports involved transactions worth more than $1 billion in Tether (USDT) that passed through Binance between March 2024 and August 2025 and were conducted on the Tron network.
Binance told Fortune that investigators were not dismissed for reporting possible sanctions violations, and an internal analysis involving lawyers found no evidence of violations of applicable sanctions requirements in connection with the specified activities.
In November 2023, Binance pleaded guilty in the US to a series of violations related to compliance with AML/KYC and sanctions requirements and agreed to pay $4.3 billion, according to Reuters.
Binance was founded in 2017 and is one of the world’s largest cryptocurrency exchanges.
The charges include operating unregistered exchanges, broker-dealers and clearing agencies, misrepresentations regarding the control and supervision of trading on the Binance.US platform, and the unregistered offer and sale of securities – U.S. Securities and Exchange Commission (SEC)
Today, the U.S. Securities and Exchange Commission charged Binance Holdings Ltd. (“Binance”), which operates the world’s largest cryptocurrency trading platform Binance.com, BAM Trading Services Inc. (“BAM Trading”), which together with Binance operates the cryptocurrency trading platform Binance.US, and their founder Changpeng Zhao with a number of securities law violations.
Among other things, the Commission alleges that while Zhao and Binance publicly stated that U.S. customers were prohibited from trading on Binance.com, Zhao and Binance were in fact undermining their own controls to secretly allow large U.S. customers to continue trading on the Binance.com platform. In addition, the Commission alleges, Zhao and Binance publicly claimed that Binance.US was established as a separate, independent trading platform for U.S. investors, Zhao and Binance secretly controlled the operations of the Binance.US platform behind the scenes.
The SEC also alleges that Zhao and Binance exercised control over the platform’s customer assets, allowing them to pool customer assets or redirect them at their discretion, including to Sigma Chain, a company owned and controlled by Zhao. The Commission’s complaint also alleges that BAM Trading and BAM Management US Holdings, Inc. (“BAM Management”) misled investors about non-existent controls over trading on the Binance.US platform, while Sigma Chain engaged in manipulative trading that artificially inflated trading volume on the platform. In addition, the complaint alleges that the defendants concealed the fact that they were commingling billions of dollars of investor assets and sending them to a third party, Merit Peak Limited, which is also owned by Zhao.
The complaint also alleges violations of important registration-related provisions of the U.S. federal securities laws:
Binance and BAM’s trading with existing unregistered national securities exchanges, broker-dealers and clearing agencies;
The unregistered offer and sale of Binance’s own crypto assets, including the so-called BNB exchange token, the so-called stablecoin, Binance USD (BUSD), certain cryptocurrency credit products, and the staking-as-a-service program;
Zhao as a person controlling the activities of unregistered national securities exchanges, broker-dealers and clearing agencies Binance and BAM Trading.
“With the thirteen charges, we allege that Zhao and Binance engaged in an extensive network of deception, conflicts of interest, insufficient disclosure, and willful evasion of the law,” said Gary Gensler, Chairman of the U.S. Securities and Exchange Commission. “Zhao and Binance are alleged to have misled investors about risk controls and misrepresented trading volumes by actively concealing who operated the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were held. They attempted to circumvent U.S. securities laws by claiming bogus controls that they ignored behind the scenes in order to keep high value U.S. clients on their platforms. The public should be wary of investing any of their hard-earned assets in or on these illegal platforms.”
“Zhao and Binance allegedly misled investors about risk controls and misrepresented trading volumes by actively concealing who operated the platform, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto assets were held. They attempted to circumvent U.S. securities laws by claiming bogus controls that they ignored behind the scenes in order to keep high value U.S. clients on their platforms. The public should be wary of investing any of their hard-earned assets in or on these illegal platforms.”
“We allege that Zhao and Binance not only knew the rules of the game, but knowingly chose to violate them, putting their customers and investors at risk – all to maximize their own profits,” said Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission’s Division of Enforcement. “By engaging in numerous unregistered offerings and failing to register and simultaneously combining the functions of exchanges, brokers, dealers, and clearing agencies, the Binance platforms under Zhao’s control created undue risks and conflicts of interest for investors. These risks and conflicts are only exacerbated by the lack of transparency of Binance’s platforms, reliance on related party transactions, and lies about controls to prevent manipulative trading. Despite their longstanding efforts not to be ‘held accountable,’ today’s complaint begins the process of holding them accountable.”
UNREGISTERED EXCHANGE, BROKER AND CLEARING AGENCY
The Commission’s complaint, filed in the U.S. District Court for the District of Columbia, alleges that since at least July 2017, Binance.com and Binance.US, under Zhao’s control, have operated as exchanges, brokers, dealers, and clearing agencies and have earned at least $11.6 billion, in part, from transaction fees from U.S. customers. The Commission’s complaint alleges that: (1) with respect to Binance.com, Binance should have registered as an exchange, broker-dealer and clearing agency; (2) with respect to Binance.US, Binance and BAM Trading should have registered as an exchange and as clearing agencies; and (3) BAM Trading should have registered as a broker-dealer. The Commission also alleges that Zhao is liable, as a person in control of Binance and BAM Trading, for the relevant registration violations.
UNREGISTERED OFFER AND SALE OF CRYPTO ASSETS
The Commission accused Binance of unregistered offers and sales of BNB, BUSD, and cryptocurrency products known as “Simple Earn” and “BNB Vault”. In addition, the Commission accused BAM Trading of unregistered offer and sale of the Binance.US “staking as a service” program. The complaint also states that Binance secretly controls the assets invested by US customers in the BAM program.
FAILURE TO RESTRICT U.S. INVESTORS’ ACCESS TO BINANCE.COM
The SEC’s complaint alleges that Zhao and Binance created BAM Management and BAM Trading in September 2019 as part of a complex scheme to circumvent U.S. federal securities laws by claiming that BAM Trading independently operated the Binance.US platform and that U.S. customers could not use the Binance.com platform. The complaint alleges that, in fact, Zhao and Binance maintained significant ownership and control of the U.S. company and that behind the scenes, Zhao instructed Binance to allow and conceal the continued access to Binance.com by many U.S. customers with significant funds. In one instance, Binance’s head of compliance wrote to a colleague that “we are operating as a fictitious unlicensed securities exchange in the US, bro.”
MISLEADING INVESTORS
According to the Commission’s complaint, BAM Trading and BAM Management misled Binance.US customers and investors about the existence and adequacy of market oversight and controls to detect and prevent manipulation of cryptocurrency trading volumes on the Binance.US platform. The complaint also alleges that the strategic and targeted trading for the purpose of money laundering, which was largely carried out by Sigma Chain, the main undisclosed “market maker” trading firm of the Binance.US platform, also owned by Zhao, demonstrates the falsity of BAM Trading’s claims of market oversight and control.
The SEC’s investigation into the Binance.US violations was led by Kathleen Hitchins, Ann Rosenfield, and Colby Steele, with assistance from Ainsley Kerr, John Marino, and Donald Battle, and supervised by Paul Kim.
The Binance.com investigation was led by Michael Baker, Donna K. Norman and Martin Zerwitz, with assistance from Sachin Verma and Alexander Lefferts and supervised by Deborah A. Tarasiewicz. Both cases were supervised by Jorge G. Tenreyro and David Hirsch of the SEC’s Division of Cryptoassets and Cyberspace. The litigation is being led by Matthew Scarlato, Jennifer Farer and J. Emmett Murphy, with assistance from Hope Hall Augustini and supervised by David Nasse, Olivia Chow and Mr. Tenreyro.
Source: https://www.sec.gov/news/press-release/2023-101
Author: Ivaneta Mykyta
The Binance cryptocurrency exchange (based in China) has announced the start of cooperation with the Kyivstar mobile operator.
As noted in the joint release of the companies, distributed on Thursday, within the framework of this partnership, Kyivstar users interested in innovation, blockchain, investments and financial products will have access to a wide range of cryptocurrency opportunities.
All customers of the mobile operator in the My Kyivstar application will be able to receive a special bonus promo code, which can then be used when registering on Binance.
In the future, Binance and Kyivstar plan to work together to improve crypto literacy in Ukraine, which will help lower the barriers to start using digital assets in everyday life.
As reported, in September, the WOG filling station network became a partner of the Binance blockchain ecosystem and launched the possibility of paying for fuel with cryptocurrency using Binance Pay.
In May, the Foxtrot network became a partner of the Binance blockchain system and launched the ability to pay for goods in the online store and retail outlets of the network using Binance Pay.
Earlier, Binance planned to launch a payment card in Ukraine with a balance in cryptocurrencies and automatic conversion upon payment.
Binance is the world’s leading blockchain system and cryptocurrency infrastructure provider with a range of financial products including the largest digital asset trading exchange by volume.
