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October 30, 2026, 9:40 PM
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Tom Westbrook / Reuters:
TRM Labs attributes the Binance hack to North Korea-based TraderTraitor, which drained ~$6.36B from Binance wallets across 10 blockchains, mostly in ~20 minutes  —  North Korean hackers were behind a $6.3 billion raid on cryptocurrency exchange Binance, according to US blockchain analysis firm TRM Labs.
Rajveer Singh Pardesi / Reuters:
Binance says it has reserved $6.34B+ in company funds, including $5B already held in impacted token assets, to deal with the fallout from the $6.3B hack  —  Binance said on Friday it has reserved more than $6.34 billion in company funds, including $5 billion already held in impacted token assets …
Financial Times:
Chainalysis says Binance hackers used automated money-laundering patterns not seen before; Elliptic: almost all of the $6.3B was taken in the first 30 minutes  —  North Korean hackers' attack on Binance takes crypto theft to an unprecedented scale  —  The largest financial theft in history took no more than 30 minutes.
@binance:
Binance reveals that a follow-up investigation has found “additional points of breach” beyond a possibly compromised laptop and says this was a “complex attack”  —  Investigation update: Our initial investigation suggested that the security incident may have involved a compromised laptop, however our subsequent investigation has uncovered additional points of breach. This was a complex attack, and we are doing all we can in coordination with law enforcement...
The Block:
Binance says initial investigation suggests a compromised DevOps laptop may have enabled a ~$6.3B hack; Tether froze 1.5B+ USDT and Circle froze 800M+ USDC
More: Binance, CoinDesk, Bloomberg, Reuters, Wall Street Journal, CoinDesk, Decrypt, The Information, Wall Street Journal, CoinDesk, Aave, Bloomberg, The Information, Yahoo Finance, Forkast, crypto.news, CryptoSlate, The National, Gizmodo, Security Affairs, Motley Fool, Associated Press, NBC Los Angeles, Mashable, Bitcoin Insider, Help Net Security, and Web3 is Going Just Great
X: @binance, @cz_binance, @paoloardoino, @binance, @_richardteng, @jerallaire, @cz_binance, @elonmusk, @binance, @binance, @heyibinance, @binance, @lookonchain, @spreekaway, @brian_armstrong, @cz_binance, @jconorgrogan, @mastrxyz, @zachwitkoff, @ripchillpill, @skuullls, @starplatinum_, @roaringragnar, @danprimack, @eddie_walker_, @arunimaganguly2, @fiskantes, @buccocapital, @eleanorterrett, @hamybinance, @simplykashif, @leveredusts, @tayvano_, @cz_binance, @cz_binance, @llamarisk, @coffeebreak_yt, @devops_nk, @mdudas, @hyperdailytk, @pinkyndthegainz, @xbtoshi, @bohines, @mattjay, @tanuki42_, @xbtoshi, @cagrimbakirci, @matthewmadera, @healthranger, @skesslr, @realallincrypto, @crackerfun, @dontbsalti, @suburbandrone, @coinbase, @seancasten, @nathanmccauley, @zachxbt, @coffeebreak_yt, @theunipcs, @obrainarc, @zachxbt, @arpitrage, @tiffanyfong, @matthew_d_green, @justinsuntron, @thetraderoom_, @mert, @intcyberdigest, @cz_binance, @benbybit, @bybit_official, @patio11, @patio11, @star_okx, @grady_booch, @zerolore, @boringbiz_, @icebergy, @0x_osprey, @vxunderground, @muneeb, @andrewcurran_, @investanswers, @deestar, @hansonbirringer, @theflowhorse, @stevie_satoshi, @mert, @crediblecrypto, @cryptogodjohn, @vxunderground, and @treenewsfeed
LinkedIn: James Ang and Eric Leon
Bluesky: @proflhunter, @molly.wiki, and @molly.wiki
Forums: r/technology and r/anime_titties
South China Morning Post:
Binance pledges to cover all losses from a ~$6.3B hack, potentially the largest crypto theft ever, surpassing the $1.5B Bybit hack in February 2025
George Steer / Financial Times:
Binance “temporarily suspended” all deposits and withdrawals as it investigates security issues and works with law enforcement; Binance.US says it's unaffected
Brody Ford / Bloomberg:
Alphabet, Meta, Microsoft, Amazon, and Oracle have a collective $3T+ in AI spending commitments over the coming years, including Alphabet's $1T and Meta's $800B  —  The five largest players in the data center race have committed more than $3 trillion in spending over the coming years …
Patturaja Murugaboopathy / Reuters:
Microsoft, Alphabet, Amazon, Meta, and Oracle returned just 9.3% of cash to shareholders in the first three quarters of 2026, a 15-year low amid AI spending  —  The biggest US technology companies generated record amounts of cash in the first nine months of 2026, yet returned the smallest share …
CNBC:
Intel stock closed down 28.58% on Friday, its worst day since the 1970s and wiping ~$12B off US government's stake, after issuing weaker-than-expected guidance  —  Intel shares plummeted 29% on Friday, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance due …
Financial Times:
Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff  —  ChatGPT maker is now seeking about $20bn at a $1.25tn valuation as it tempers its ambitions  —  OpenAI has slashed the target …
Caleigh Keating / CNBC:
Reddit closed down 29.27% on Friday, the worst drop since becoming a public company in 2024, after it forecast weak Q4 revenue  —  Shares of Reddit cratered 29.22% on Friday, the worst drop since becoming a public company in 2024, after the company forecast weak fourth-quarter sales in its latest earnings report.
Reuters:
OpenAI tightens limits on the weapons-related information that ChatGPT provides teens, even when a question appears harmless, as part of new safeguards  —  OpenAI said on Friday it is tightening limits on the weapons-related information ChatGPT provides to teens, even when a question appears harmless …
More: NewsMax.com
Claude / @claudeai:
Anthropic renames its $100 per month Max 5x plan as Max and the $200 per month Max 20x plan as Ultra, and removes the 5-hour limit for verified Ultra accounts  —  We're renaming our Max plans: Max 5x → Max Max 20x → Ultra Max is still $100/month, and Ultra is still $200. If you're a subscriber, there's nothing you need to do. We're also removing the 5-hour limit for verified Ultra accounts, starting today with most existing subscribers. Newer accounts ke...
Kurt Schlosser / GeekWire:
Filing: Vancouver, WA-based Powerlattice, which makes a power delivery chiplet to reduce AI compute power needs by 50%+, raised $86M, after raising $31M in 2025  —  Powerlattice, a Vancouver, Wash.-based startup developing chips that cut the power demands of AI processors, has raised $86 million, according to an SEC filing on Friday.
More: Unite.AI

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From Mediagazer

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

Bruce Gil / Gizmodo:
Fan fiction site AO3 says it will be offline for two to four weeks after a security incident; it hosts over 18M works and has 11M registered users

Selome Hailu / Variety:
Sources: Reese Witherspoon's Hello Sunshine lays off about 30 employees, roughly 50% of its staff, as it focuses on film and TV projects and its book club brand

More News

Sam Tobin / Reuters:
London's High Court dismisses Meta, TikTok, and X's challenge to Ofcom's Online Safety Act information requests, rejecting arguments they were disproportionate
Reuters:
The UK CMA opens a probe into whether Meta imposed exploitative terms on publishers and advertisers to use their content to develop its AI and other services

Earlier Picks

Anna Nicolaou / Financial Times:
Sources: Spotify aims to launch its AI remix service in Q1 2027 and may charge $4-$5/month extra; it is still negotiating licensing deals with Sony and Warner
Kevin Collier / NBC News:
CrowdStrike: China-linked hackers used AI tool ARTEX with a DeepSeek LLM and another model to target 200+ organizations in 11 days, compromising at least nine
Amazon:
Amazon reports Q3 revenue up 12% YoY to $201.94B, vs. $202.31B est., net income down 2% to $20.7B, forecasts Q4 revenue below est.
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