If the Democrats do indeed make the abolition of the Electoral College and the filibuster part of their 2028 manifesto, this could lead to very serious polarisation of society and rising tensions in the country. In such a scenario, the likelihood of major constitutional changes by 2030 increases significantly. This could become one of the main triggers of political confrontation in the coming years.
Crypto Market Update
Current prices:
Bitcoin (BTC): $77,300–77,400
Ethereum (ETH): ≈ $2,230
BNB: ≈ $699
Solana (SOL): ≈ $96.5
Tether (USDT): $0.999
Fear & Greed Index: 30 (Fear)
Fed interest rate decision:
On October 28, the Federal Reserve held the federal funds rate steady at 3.75–4.00%. The decision passed by a 10–2 vote, with two members preferring a 25 bps hike. The Fed noted that inflation remains elevated and that more data is needed before the next move. The next FOMC meeting is in December.
Analytical outlook:
The market is under clear pressure. Bitcoin has dropped below $78,000, and the Fear & Greed Index has fallen sharply into Fear territory. Sentiment has shifted from neutral to risk-off in a short time.
In the near term, the key support zone for Bitcoin sits around $76,000–76,500. A clean break below it could open the door to a deeper correction toward $74,000. On the upside, any recovery will likely face resistance near $79,000–80,000.
The Fed’s hold was expected, but the lack of a dovish signal and ongoing inflation concerns are weighing on risk assets. Until there is either a clear macro catalyst or a technical bounce from current levels, the market is likely to stay volatile and biased to the downside in the short term
⚡️Binance has been hacked for $6.3 billion – the largest theft in the history of cryptocurrency
On 29 October, hackers gained control of several Binance hot wallets and withdrew billions. Around $3.3–3.5 billion was stolen from the Ethereum wallets alone. Binance wallet 14 lost approximately $2.5 billion in a single transaction – including 167,464 ETH, 1.615 billion USDT and dozens of other tokens. A further 28,006 ETH was stolen from Binance 16, whilst around $823 million in USDC was withdrawn from hot wallet 34. Funds were also drained from the Arbitrum, Avalanche, Optimism, Bitcoin, Tron and other networks.
▶️The attack was planned in advance:
On 28–29 October, the hackers topped up a test wallet via Tornado Cash, deployed a malicious smart contract and tested the scheme on individual wallets. At 20:20 UTC on 29 October, mass transfers began. They utilised the EIP-7702 feature in Ethereum to grant the contract control over Binance 14, and sent 50 signed authorisations with sequential nonces. This was not a network breach, but a compromise of the exchange’s self-custody wallet management systems.
▶️Consequences:
$170 billion evaporated from the total crypto market capitalisation, and leveraged positions worth $1.39 billion were liquidated within 12 hours. Around $3 billion in stolen assets have been frozen, but a significant portion of ETH, BTC and other coins remained unfrozen. The theft amounts to nearly 4.4 per cent of Binance’s $144 billion in assets under custody. At the lower end of estimates, the loss is more than twice the scale of the Bybit hack and ten times that of the Ronin hack. At the upper end, it exceeds the combined losses from all six of the largest hacks taken together.
Changpeng Zhao, the founder of global cryptocurrency exchange Binance, publicly acknowledged the possibility of a hack. Based on his account, Tether and Circle have frozen about $1.8 billion in funds. Zhao said user funds are safe and that he expects customers to be made whole.
Writing on X on Oct. 29, Zhao said "it appears Binance was hacked" and that "user funds are safe." The founder commented directly after suspicions of a hack emerged alongside the large-scale asset freezes.
Earlier that day, Tether was reported to have frozen 971,149,299 USDT, worth about $971 million. Circle also appears to have frozen about $823 million. Zhao thanked Tether and Circle for their swift action in freezing the funds.
He added that he is no longer involved in running Binance and that, as a shareholder, he expects all user funds to be fully reimbursed.
URGENT: 🚨 BINANCE HAS BEEN HACKED
Hackers have gained access to Binance’s infrastructure.
According to preliminary reports, the attack has affected some of the exchange’s hot wallets and internal systems. Withdrawals are temporarily restricted.
▪️ Binance has not yet officially confirmed the scale of the incident. Users are reporting delays in transaction processing and problems logging into their accounts.
▪️ Screenshots are already circulating online showing messages about the suspension of deposits and withdrawals for a number of assets.
▪️ The exchange’s team has stated that it is conducting an investigation and strengthening security measures. According to them, part of the reserves remains secure.
The market has reacted sharply.
Bitcoin and altcoins have fallen on the news.
We are awaiting an official statement from Binance. 🔒🔥
@cz_binance ‘I no longer run Binance, but as a shareholder I expect them to sort everything out.’
A very convenient position. When things are going well, you’re the founder; when something goes wrong, ‘I no longer run it, but I hope everything will be fine’ 😏
**Crypto Market Briefing | October 29, 2026**
**Prices**
Bitcoin: ~$81,340 (+0.53%)
Ethereum: ~$2,318 (−2.12%)
BNB: ~$749.87 (+0.52%)
Solana: ~$100.73 (−1.54%)
Tether: ~$0.999 (+0.04%)
**Fear & Greed Index**
50 — Neutral. Bulls and bears are evenly matched; no clear short-term direction.
**Fed Decision**
Rates held at 3.75%–4.00% (vote 10–2, two officials wanted a 25bp hike). Statement says inflation "remains elevated."
**Outlook**
Short-term pressure persists: ETH and SOL ETFs saw outflows and whale selling, BTC briefly dipped below $80K, and many long-term holders are underwater. But the weekly structure still looks like a search for a higher low rather than a trend reversal, and institutional/RWA adoption keeps providing support. Watch BTC's $80,700–$81,000 support and ETH's $2,350–$2,400 resistance. A dovish shift in Fed tone would be the main upside catalyst.
**Bottom line:** Neutral sentiment, range-bound market, waiting for a macro catalyst. Risks remain, but the bullish structure is intact.
💸 The US sold Anthropic shares for $627 million — the company is now valued at $4 billion
In October 2025, the US authorities sold confiscated Anthropic shares for $627 million. The money was used to make payments to FTX’s creditors.
The developer of Claude bought the stake from the government and immediately resold it to nine investors at the same price.
Now, based on Anthropic’s reported pre-IPO valuation, this stake could be worth $3.94 billion — 6.3 times more. However, the final placement price has not yet been determined.
📊 **Daily Crypto Update | October 28, 2026**
**Prices:**
- **BTC:** $80,450
- **ETH:** $2,331
- **BNB:** $748
- **SOL:** $101
- **USDT:** $0.999
**Fear & Greed Index:** 51 (Neutral)
**Fed:** FOMC decision today (2:00 PM ET). Markets widely expect rates to be held at 3.75–4.00%. Probability of a hike is very low. Focus will be on Chair Kevin Warsh’s comments at the press conference.
**Outlook:** Market is in wait-and-see mode ahead of the Fed. BTC is consolidating near $80.4k with neutral sentiment. A hold plus neutral/soft tone could support a short-term bounce. Hawkish signals or hints of a December hike would pressure risk assets, including crypto. Elevated volatility expected in the coming hours.
🐳 Down $2.5 million — Kanye West’s wallet continues to buy ETH
It has been discovered online that a wallet linked to Kanye West withdrew a further 4,000 ETH worth $9.39 million from Binance, staked them on Aave and borrowed 6 million USDT.
The scheme is simple: buy ETH → stake it → borrow stablecoins → buy more ETH. The more cycles there are, the higher the risk should prices fall.
The wallet already has 22,504 ETH pledged as collateral and $31 million in debt. Meanwhile, the unrealised loss on the ETH withdrawn from Binance since 29 September is estimated at nearly $2.5 million.
🔍 Google is set to unveil a system to protect cryptocurrencies from hacking and theft — Multi-Party Compute technology splits wallet private keys across several secure systems, so that attackers cannot steal funds by hacking into just one of them.
Alphabet is already using it to protect assets on Ethereum and Solana, and the commercial launch is scheduled for early 2027.
Today’s Fed decision — the market is on tenterhooks
Today (28 October), the Federal Reserve will announce its interest rate decision. The meeting is already underway; the statement is expected at around 14:00 New York time, followed by a press conference.
The market is almost certain (~90%) that the rate will be left unchanged (currently 3.75–4.00%). The key factor is not the decision itself, but the tone of the comments on inflation and future moves (particularly regarding December).
Every year, posts like this appear asking people to vote. The question is to what extent this award truly reflects the quality of the content, and to what extent it simply reflects the ability to mobilise one’s audience. Many talented content creators don’t even take part in such votes. How do you yourself assess the real value of this award?
🚨 The exchange’s website is genuine, but the deposit address is a fake
Experts at SlowMist have reported the discovery of malicious code in the third-party technical support service Udesk, which is integrated into websites. It can secretly replace crypto deposit addresses and steal users’ data.
Such an attack does not necessarily require hacking the exchange itself — compromising the connected service is sufficient. The user copies the address from the familiar interface, but the transfer may end up in the hands of attackers.