Yesterday’s Biggest Headlines

Crypto Market Watch

1. Intercontinental Exchange and Trade[XYZ] moved to bring Trade[XYZ]’s Hyperliquid-based perpetual markets onshore in the United States under a definitive agreement, subject to regulatory approvals. ICE said it will be the exclusive operator of Trade[XYZ]’s regulated markets, is making a strategic investment in the firm, and expects KYC-verified customers to access the contracts through FCMs, with distribution also planned through the ICE-OKX joint venture once that channel is approved.

2. Binance said it had replenished about 90% of the cryptocurrency stolen in Thursday’s roughly $6.3 billion hack and kept major customer balances fully backed. CoinDesk reported the exchange is absorbing losses with corporate funds, futures reserves, and SAFU, had bitcoin, ether, USDT, BNB, SOL, and other top tokens fully backed, and aimed to reopen withdrawals Sunday with a full zk proof-of-reserves due by Nov. 3.

3. Binance recorded about $3.64 billion in net outflows in the first nine and a half hours after it began restoring withdrawals on Sunday. The Block said that equaled about 2.1% of roughly $171 billion in assets under management, with $4.65 billion withdrawn against $1.01 billion deposited before volumes began stabilizing, and an updated reserves report expected Monday.

4. The FBI said North Korea was behind Thursday’s roughly $6.3 billion Binance theft, tracking the operation under the name TraderTraitor. Al Jazeera reported investigators had seen stolen assets converted mainly into ether and warned of further laundering through DeFi and instant-exchange services, noting the same actors were previously blamed for the February 2025 Bybit heist.

Equity Market Moves

5. U.S. stocks fell hard Friday as AI-trade fears deepened after weak Intel guidance and soft Amazon results. Investopedia said the Nasdaq dropped 2.9%, the S&P 500 lost 1.8%, and the Dow fell 1.1%, while Intel shares sank about 29%, bitcoin traded below $77,000, and gold futures fell about 3.7% to roughly $3,883 an ounce.

6. Amazon reported third-quarter results that missed Wall Street estimates and showed a trailing 12-month free cash flow outflow of $42.4 billion amid heavy AI spending. CNBC said earnings came in at $1.89 per share on $201.94 billion of revenue, AWS revenue was about $45.98 billion, and shares tumbled as investors weighed the capex burden against still-bullish analyst targets.

Commodities Watch

7. Spot gold fell to about $3,880 an ounce on Friday, down 3.5% on the day and to its lowest level in more than a year. Kitco said silver dropped nearly 6% to about $48.95 as elevated oil and December Fed hike odds kept bullion under pressure despite a softer dollar and yields.

8. Oil jumped more than 2% Friday and settled at the highest levels since late April after a tanker in the Strait of Hormuz was hit with limpet mines. The Business Times said Brent’s expiring December contract settled up 2.4% at $117.64, WTI rose 2.1% to $104.12, and for October Brent gained 13.6% while WTI rose 15.2%.

Today’s Watchlist

• Whether CFTC and other approvals advance ICE’s Trade[XYZ] U.S. perpetual venue and ICE-OKX distribution

• Digestion of Binance’s withdrawal reopen, ~$3.64 billion net outflows, and the FBI’s North Korea attribution

• Midterms week risk appetite after Friday’s Nasdaq −2.9% AI flush and Amazon’s cash-flow print

• Whether gold can stabilize after the break below $3,900 into jobs data

• Oil’s hold above $117 Brent / $104 WTI if Hormuz attacks and post-election escalation fears persist

edgeX Market Lens

The weekend handoff paired a structural crypto-market build with an exchange-stress cleanup: NYSE-owner ICE moved to put Trade[XYZ] Hyperliquid-style perpetuals into a U.S. regulated retail box, while Binance shifted from Thursday’s record drain to 90% asset replacement, a monitored withdrawal reopen that still saw billions leave, and an FBI finding that pinned the breach on North Korea’s TraderTraitor crew. Equities closed October with an AI confidence shock led by Intel and Amazon, gold lost the $4,000 and then $3,900 handles, and crude reclaimed six-month highs on Hormuz risk into midterms.

The near-term question is whether regulated onshore perps become the industry’s next credibility bid while Binance proves outflows stay orderly under a state-backed theft narrative. Against that, Friday’s tech wreck and still-hawkish December hike odds keep risk assets on a short leash into the Nov. 3 vote. If ICE’s approval path firms and Binance’s reopen stays orderly, crypto can try to rebuild above the $77,000–$80,000 zone. If laundering trails widen or oil spikes again on Iran headlines, even a flagship exchange partnership will trade second to security and energy.

For active traders, access matters when U.S. perpetuals infrastructure advances, the largest exchange reopens the pipes after a record hack, bitcoin holds below $77,000 into midterms, and gold and oil gap in opposite directions. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.