Plus: Nasdaq 100 Drops on Tech Earnings, Binance XRP Reserves Hit Multiyear Low
Good Morning Lions,
The largest exchange hack on record hit Binance, and Bitcoin took a much smaller hit than it did in 2018. I think that shows a deeper market, though a weak Nasdaq day makes it hard to separate hack selling from tech selling. Also, frens are pulling XRP off Binance this week.. the data shows the outflow but says nothing about why.
Binance Suffers Largest Crypto Hack Ever
TL;DR: Roughly $6.4 billion was stolen from Binance in the largest crypto hack on record, according to Decrypt. Bitcoin was down about 4% a day after the theft. A failed attack on Binance in 2018 knocked nearly 11% off Bitcoin within minutes.
Nasdaq 100 Drops on Tech Earnings
TL;DR: The Nasdaq 100 fell 3.6% and erased more than $1.3 trillion in market value, Crypto Briefing reported. The outlet cited weak earnings from Amazon and Intel, and Bitcoin dipped below $77,000 during the selloff.
Binance XRP Reserves Hit Multiyear Low
TL;DR: Binance's XRP reserve fell to 2.47 billion XRP as of October 30, down from 2.69 billion on October 28, per CryptoQuant data reported by U.Today. The exchange's balance now sits at its lowest level since December 2022.
Chainalysis Discloses Customer Data Breach
TL;DR: Chainalysis said on October 30 that attackers accessed customer names, emails, user IDs and role labels. The company attributed the intrusion to what it called "offensive agentic techniques." Chainalysis says passwords and investigative data were not touched.
AI Lab Filing Lists Massive Compute Commitments
TL;DR: An S-1 filed October 26 by a major AI developer lists about $417 billion in minimum payments for compute, data centers and leases, Crypto Briefing reported. Broader obligations disclosed in the filing run near $900 billion.
Corning Grows Optical Sales on Fiber Demand
TL;DR: Corning's Optical Communications segment grew sales 44% year over year to $2.38 billion in Q3 2026, according to Crypto Briefing. Demand from AI data centers for high-density fiber drove the increase.
Exin Therapeutics Agent Performs Mouse Gene Therapy
TL;DR: Exin Therapeutics founder Gabriel Ocana-Santero said an AI agent selected a gene therapy and calculated the injection coordinates. The agent then delivered the therapy into a living mouse's brain while a surgeon and a veterinarian supervised.
Still open: does Binance's XRP reserve keep sliding once the hack fallout settles? More outflows would point to a trust problem. A bounce back toward 2.69 billion makes this a one-week blip 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.