Crypto whale "58bro.eth" sold 8,000 ETH over the past hour and withdrew 10.5 million USDT to repay loans.

The Onchain Foundation announced that it has temporarily suspended its LSK token repurchase program amid the Binance security incident, and expects to resume the plan next week after the situation becomes clearer. The foundation noted that Binance has confirmed it will bear all losses, so the incident is not expected to impact the LSK repurchase program. A separate announcement will be released once the repurchase program restarts.

According to an official announcement, Huobi HTX launched PFE/USDT and VLO/USDT perpetual contracts on October 30, supporting long and short positions with leverage ranging from 1x to 20x.

According to Lookonchain’s monitoring, trader 0x15a4 closed out its long positions of 1,000 BTC (valued at approximately $78.18 million) and 10,000 ETH (worth around $22.35 million) after holding them for four months, locking in profits of over $20 million. Following the liquidation, the trader shifted to a bearish stance, opening a 20x leveraged short position of 13,000 ETH (valued at roughly $29 million).

ECB’s Zigmans said the European Central Bank (ECB) could decide to raise interest rates as soon as its next policy meeting, adding that gradual monetary policy tightening is appropriate. Zigmans noted the energy shock has lasted longer than expected, with the euro area now entering the adverse scenario outlined in the ECB’s latest projections. Sustained energy price rises have increased the risk of further inflation acceleration while dampening economic growth prospects. Rising bond yields and falling stock prices reflect a further tightening of financial conditions. Against this backdrop, the ECB’s gradual interest rate hike strategy is the right direction, helping preserve flexibility for future policy decisions. Zigmans emphasized the ECB remains committed to stabilizing inflation at 2% over the medium term, and will make interest rate decisions based on future data, inflation expectations and the risk environment. He also noted prolonged conflicts in the Middle East and Ukraine could pose downside risks to economic growth. Croatia’s central bank projects the country’s economic growth this year at around 2.5%, roughly three times the average rate of the rest of the euro area. (Jinshi)

Trader 0x15a4 just closed his longs on 1,000 $BTC ($78.18M) and 10,000 $ETH ($22.35M) after holding them for 4 months, making over $20M in profit. He then flipped short, opening a 20x short on 13,000 $ETH ($29M).

Binance CEO Richard Teng has published an update on the exchange’s theft incident, confirming user funds are safe and all losses will be fully covered by the SAFU fund and the company. Preliminary investigations indicate the security breach may have originated from a DevOps engineer’s laptop being compromised; the attacker subsequently gained access to a service container and submitted unauthorized withdrawal transactions within it. Teng stressed the attack was not a simple exploitation of an engineer’s permissions nor a single-click operation, involving far more complex steps. No individual has been blamed in the ongoing investigation. As of press time, Binance has found no evidence of wallet private key leaks. The incident is estimated to have resulted in roughly $6.3 billion in losses, with around $3 billion frozen via on-chain collaboration. Binance has taken the following measures: suspended withdrawal services to enable security upgrades for withdrawal systems and related addresses; revoked authorizations for affected addresses; and partnered with law enforcement agencies and blockchain intelligence firms to track and recover funds. Teng added that user deposits remain unaffected and operational. Upon completion of the investigation and verification of all facts, Binance will release a detailed technical post-mortem report and update its proof of reserves following remediation efforts.