Cryptoccino — Friday 30 October 2026

Bitcoin breaks below $77,000 on hack fallout and macro headwinds. BTC shed over 10% from pre-hack levels, touching its lowest print in over a month, while BNB dropped 7.1% and ETH tracked lower in sympathy. The move compounded pre-existing pressure from Fed dissent and weak Alphabet and Samsung earnings. See Security Desk lead for the full Binance breakdown. bloomberg_crypto coindesk

Roughly $11 billion in bitcoin options expiring today, skew watched closely. A third of Deribit’s open bitcoin options are settling on a day the market is already in distress, amplifying potential volatility around the strike clusters. Glassnode notes that around 4 million BTC changed hands above $85,000, a supply shelf that now looks like a firm ceiling on any recovery attempt. decrypt decrypt coindesk

Strategy posts $19.5 billion Q3 net income on bitcoin mark-to-market gains. The firm reported a $20.91 billion unrealised gain on its 848,517 BTC treasury, translating to $19.53 billion net income for the quarter. Preferred shareholders voted through a switch to daily dividend payments, a structural tweak that tightens the company’s capital rhythm around its bitcoin position. theblock

Coinbase swings to $719 million Q3 profit as crypto holdings appreciate. Revenue held roughly flat at $1.22 billion, but gains on the firm’s own crypto balance sheet drove net income well above expectations. The result lands the morning after a market-wide sell-off, which will test whether the earnings momentum carries into Q4 guidance calls. decrypt

ICE and Trade[XYZ] partner to launch regulated Hyperliquid perpetual futures in the US. NYSE parent Intercontinental Exchange will invest in Trade[XYZ] and work with it to bring Hyperliquid-based perps to a regulated US venue, the first meaningful bridge between the protocol and traditional derivatives infrastructure. HYPE rallied roughly 13 to 15% on the news. Stanley Druckenmiller also surfaced publicly for the first time on X to endorse a Hyperliquid-adjacent venture, having made a $23 million indirect investment. theblock decrypt cryptobriefing coindesk coindesk

Polygon integrates Solana into its stablecoin payments stack. Businesses on Solana can now access Polygon’s full payments layer, covering bank funding, embedded wallets, cross-chain transfers and global payouts, through a single integration. Cross-border payments firm Kira is the first named adopter, and CoinDesk notes this is framed as a partnership between what were previously direct competitors. theblock decrypt coindesk

OKX-ICE tokenised stock venue faces mounting corporate objections. Walmart, Eli Lilly, Cigna, Carnival and Arcos Dorados have now joined the list of companies objecting to their shares being traded on the planned OKX-ICE tokenised venue, bringing the total to 38. Separately, a Canton Network-based venue says it could beat OKX-ICE to the first trade under the SEC’s new tokenised equities framework. decrypt coindesk coindesk

Switzerland issues its first genuine spot bitcoin ETF with overseas broker access. The new vehicle received a regulatory exemption that allows foreign banks and brokers to offer it directly, something previous Swiss crypto products could not do. If overseas distribution picks up, it gives institutional allocators a non-US route into spot BTC exposure with familiar European fund wrapper conventions. coindesk

Polymarket third-party breach drains $2.65 million from user accounts. A compromised external provider allowed an attacker to drain funds across multiple accounts before Polymarket suspended trading and put its exchange in cancel-only mode. The platform has since resumed trading and says the third-party vector has been contained. Separately, Polymarket had just launched ultra-short prediction markets for US users before the incident hit. theblock decrypt coindesk

New quantum computing model cuts the hardware needed to attack bitcoin keys by 17 times. Researchers published a revised model showing the theoretical resource requirement to break a Bitcoin ECDSA private key is substantially lower than prior estimates, though still well beyond current quantum hardware capabilities. The timeline compression is the news here: each efficiency jump shortens the runway for protocol-level responses. coindesk

US Treasury sanctions 11 individuals tied to North Korean IT worker crypto laundering. OFAC listed two Russian nationals who converted more than $5 million in crypto on behalf of North Korean networks, as well as nine other individuals across multiple jurisdictions. The action lands the same day blockchain investigators point to North Korea’s Lazarus Group as the likely perpetrator of the Binance hack, though the sanctions relate to a separate scheme. coindesk decrypt

Utah files felony charges against Kalshi and its co-founders over alleged illegal sports betting. The state attorney general says an undercover agent placed twelve sports bets on the platform, which Utah treats as illegal gambling regardless of Kalshi’s CFTC-regulated status. The CFTC filed its own lawsuit against Utah a day earlier to block the state’s enforcement action, setting up a direct federal-versus-state jurisdictional fight. theblock decrypt

HTX exits the UK after settling with the FCA over unlawful crypto promotions. The Justin Sun-linked exchange agreed to stop targeting UK consumers until at least October 2031, with deposits and new account sign-ups already blocked. The FCA described it as the conclusion of its first enforcement case against a crypto firm specifically over financial promotions rules. coindesk decrypt cointelegraph_regulation

French Senate passes automatic cross-border crypto tax data sharing bill. The legislation authorises French authorities to exchange crypto-asset tax information with overseas counterparts automatically, bringing crypto reporting in line with existing frameworks for traditional financial accounts. The bill still needs to complete the full legislative process before coming into force. cointelegraph_regulation

What else is grinding?

• Chainlink launched weekend pricing feeds for tokenised assets with Aave as its first live partner, closing a gap that has long left RWA positions unpriced for two days each week. coindesk
• Curve Finance deployed natively on Stellar mainnet, its first live instance outside the EVM ecosystem. theblock
• KuCoin has exited Russia and Belarus, adding to a quiet pattern of exchanges pulling back from Western-sanctioned markets ahead of tightening compliance deadlines. coindesk
• Uniswap Labs opened its TJAR fee conversion tool to third-party apps, with Robinhood as the named launch partner. theblock
• The SEC charged two foreign-operated entities with running a $130 million fraud scheme that used fabricated SEC filings to manufacture credibility with investors. sec_press
• Solflare pledged to cover missed staking rewards on $160 million in delegated SOL after the validator it used went offline without warning. coindesk

Last sip. The hacker still holds north of $4 billion in assets no one can freeze, and the blockchain sleuths who named Lazarus have been right before.