Yesterday’s Biggest Headlines

Crypto Market Watch

1. Binance said it was investigating a potential security issue after on-chain tallies showed about $5.57 billion leaving wallets linked to the exchange across Ethereum, Bitcoin, and Tron. Decrypt reported Tether froze about 975 million USDT and Circle froze about 823 million USDC in the main receiving wallet, roughly $1.8 billion combined, while bitcoin fell below $79,000 and BNB dropped about 7%.

2. Bitcoin fell below $80,000 on Thursday, triggering about $356 million in crypto futures liquidations after Alphabet and Samsung led a tech selloff following the Fed hold. CoinDesk said the early risk-off flush set the tape before the later Binance security scare pushed spot toward $79,000.

3. The Federal Reserve held the federal funds target range at 3.75% to 4% and said inflation remains elevated while it waits for more information. The Federal Reserve said Governors Lisa Cook and Beth Hammack dissented in favor of a quarter-point hike, keeping December tightening odds in traders’ sights.

4. Polymarket halted trading on its international exchange Thursday after some users reported unauthorized withdrawals tied to a hack of third-party provider DebugBear. CNBC said the company pledged refunds, resumed trading around 3:00 p.m. ET, and referred the matter to U.K. authorities, while its U.S. platform was not compromised.

Equity Market Moves

5. U.S. stocks closed lower Thursday as Alphabet’s post-earnings slide led tech lower and Caterpillar weighed on the Dow. Investopedia said the Nasdaq fell 1.4%, the S&P 500 and Dow each dropped 0.3%, Alphabet shares lost more than 12%, and Caterpillar sank more than 9%.

6. U.S. real GDP rose at a 3.4% annualized pace in the third quarter, accelerating from 2.2% in the second quarter, according to the advance estimate. The Bureau of Economic Analysis said investment, consumer spending, and government spending led the gain, while real final sales to private domestic purchasers rose 4.9%.

Commodities Watch

7. Spot gold slipped 0.8% to $4,035.28 an ounce on Thursday as sticky inflation kept December Fed hike bets alive after Wednesday’s hold. Kitco said December U.S. gold futures eased to about $4,047.10 and silver fell 1.9% to roughly $52.93.

8. West Texas Intermediate fell below $102 a barrel Thursday after the prior session’s nearly 3% rise as fresh Iran diplomacy headlines cooled some supply fears. The Business Times said Brent traded near $115 and that reports of U.S. Vice President JD Vance reaching out to Iranian Security Council chief Mohsen Rezaei helped pull risk premium out of the complex.

Today’s Watchlist

• Whether Binance confirms user-fund impact and how much of the remaining stolen stablecoins can still be frozen

• Digestion of bitcoin’s break back under $79,000 after the $356 million liquidation flush and Fed hold

• Follow-through from Polymarket’s international halt into the Nov. 3 midterms volume window

• Whether Alphabet’s AI-capex jitters keep Nasdaq heavy after the >12% drop

• Gold’s hold above $4,000 and oil’s response if Iran diplomacy fades into midterms

edgeX Market Lens

Thursday was a security-scare session layered on a Fed-hold hangover: bitcoin had already lost the $80,000 handle on tech and policy jitters, then the suspected multi-billion Binance drain pushed spot back under $79,000 while BNB sold off hard. Stablecoin issuers moved fast to freeze roughly $1.8 billion, Polymarket’s international venue showed third-party vendor risk again, U.S. equities gave back the week’s tech rebound as Alphabet cratered, and the macro tape mixed a hot 3.4% GDP print with softer gold and slightly cooler oil.

The near-term question is whether the Binance investigation stays a hot-wallet containment story or becomes a broader confidence shock into midterms. Against that, the Fed’s patient hold with two hike dissents keeps December tightening alive, so any risk-on bounce still has a policy ceiling. If freezes expand and exchange communications stabilize, crypto can try to rebuild above $80,000. If more funds move or another venue wobbles, even strong GDP and busy earnings will trade second to custody and security headlines.

For active traders, access matters when a record exchange scare hits during Fed week, bitcoin loses $79,000, prediction-market rails glitch, and gold and oil reprice around midterms diplomacy. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.