Binance News

According to Odaily, Arthur_0x, the founder of DeFiance Capital, has shared insights on the current state of the cryptocurrency market. He noted that since entering the crypto space in 2017, the present market environment resembles the challenging period between 2018 and 2019. Arthur_0x emphasized that for participants in the crypto market, survival is the primary objective during these difficult times.

According to BlockBeats, the cryptocurrency ZEC has experienced a significant drop in its value, falling over 12% in a short period. The current price is reported to be $409.31.

Binance Blog published a new article, introducing enhancements to Binance's Affiliate Program aimed at expanding network capabilities and providing better support for affiliates. The upgrade is designed to help affiliates grow their networks beyond direct referrals, offering clearer paths to higher commissions and real-time support from dedicated managers.

The Co-Inviter Commission Program is a key feature of this upgrade, allowing affiliates to recruit and manage co-inviters who onboard new Binance users using the affiliate's referral code. This program extends the affiliate's community, enabling transparent and automatic revenue sharing with co-inviters, eliminating the need for manual calculations. Additionally, affiliates can now access personalized support through the Affiliate Manager Chat, ensuring timely assistance and updates on promotions and partnership opportunities.

To further enhance affiliate performance, Binance has introduced automatic evaluations for Spot and Futures trading. This feature ensures that high-performing affiliates are promptly recognized and promoted, granting them access to higher commission tiers. The redesigned Referral Pro interface offers a cleaner and more intuitive experience, allowing affiliates to track key metrics, compare channels, and make informed decisions based on enhanced data dashboards and filtering options.

Affiliates can start their week by inviting co-inviters from niche communities, receiving updates from their affiliate manager, and monitoring performance improvements. As the week progresses, affiliates can see their commission tier automatically upgraded, and over the weekend, they can analyze Referral Pro data to optimize their strategies. The new Binance Affiliate Program encourages affiliates to invite co-inviters, engage with their affiliate manager, and strive for upgrades, fostering a community of creators shaping the future of finance.

According to Odaily, semiconductor company Sequans Communications, listed on the NYSE under the ticker SQNS, has reduced its total debt by selling 970 bitcoins. This move has halved the company's convertible bonds, bringing its total debt down from $189 million to $94.5 million.

Currently, Sequans holds 2,264 bitcoins, a decrease from its previous holding of 3,234. Based on current market prices, the net asset value of its bitcoin holdings is approximately $240 million, reducing the debt-to-net asset value ratio from 55% to 39%.

CEO Georges Karam stated that the company's bitcoin allocation strategy and long-term belief remain unchanged. The sale was a tactical decision influenced by market conditions, aimed at optimizing the balance sheet and enhancing shareholder value. This debt reduction is expected to bolster the company's previously announced ADS repurchase plan. Sequans primarily focuses on IoT wireless 4G/5G cellular technology.

According to BlockBeats, DMG Blockchain Solutions, a Nasdaq-listed Bitcoin mining company, released its operational performance report for October. The report reveals that the company mined 23 Bitcoins in October, maintaining the same output as in September. Currently, DMG holds 359 Bitcoins and plans to limit Bitcoin sales to incorporate them into its balance sheet.

Key TakeawaysInternet Computer (ICP) surged 38% as a technical breakout and ecosystem upgrades fueled momentumDusk Network (DUSK) gained 24.85%, breaking an 8-month downtrend amid EU regulatory progressPIVX jumped 56% in a privacy coin rally, joining others like ZEC and DASH to defy a broader market downtrend Internet Computer (ICP) Extends Rally on Technical Breakout and UpgradesInternet Computer (ICP) rose 38.74% in 24 hours, climbing to $5.250, fueled by a technical breakout above the $3.70–$3.75 resistance zone. Key indicators, including an RSI of 57.7 and a MACD histogram of +0.152, pointed to strong bullish momentum.Trading volume spiked 65% to $779M, amplifying upward volatility as short liquidations at $3.55 accelerated the move. The breakout above the 7-day SMA ($3.38) attracted both algorithmic traders and retail FOMO, while sustained closes above $4.05 (23.6% Fib) may target the next resistance at $5.42 (127.2% Fib extension).On the fundamentals side, the DFINITY Foundation doubled subnet storage capacity to 94 TiB, enabling larger dApps, while Bitcoin DeFi integrations expanded ICP’s cross-chain utility. With Santiment data ranking ICP’s development activity among the highest in the market, confidence in its AI and DeFi hybrid positioning continues to grow.Key level to watch: Holding above $4.05 would confirm the breakout; a drop below $3.70 may weaken short-term sentiment. Dusk Network (DUSK) Jumps 17% on Regulatory Partnerships and Breakout MomentumDusk Network (DUSK) surged 17.53%, clearing an 8-month descending trendline and retesting its 100-day EMA ($0.0739) as new support. The RSI recovery to 44.07 and bullish MACD divergence suggest the beginning of a trend reversal.Trading volume soared 204.86% to $23.23M, driving a turnover ratio of 0.864, which reflects high liquidity and strong trader conviction. Market participants cite EU regulatory progress and institutional partnerships as catalysts. Dusk’s licensing via NPEX and integration with custodian banks mark important steps toward real-world asset (RWA) tokenization in compliance with MiCA frameworks.The upcoming DuskEVM launch (November 2025) aims to merge privacy and EVM compatibility, potentially accelerating institutional adoption.Key level to watch: Sustained closes above the 100-day EMA ($0.0739) support bullish continuation; failure could lead to a retest of $0.068–$0.07. PIVX Leads Privacy Coin Rally with 56% SurgePIVX outperformed the market with a 56.26% 24-hour gain, driven by a privacy-sector rally that also lifted DASH (+53%) and ZEC (+4.4%). Rising regulatory scrutiny on transparent blockchains and the MiCA compliance framework have revived investor interest in privacy-enhanced digital assets.On the technical front, PIVX broke above $0.28 (23.6% Fibonacci level) and its 7-day SMA ($0.26), supported by a 226% volume spike to $47.3M. The RSI (67.6) shows robust bullish momentum while staying below overbought levels.The broader privacy coin market cap now exceeds $25B, with institutional interest strengthening through products like Grayscale’s Zcash Trust and Railgun’s rising TVL.Key level to watch: Support at $0.35 remains crucial if Bitcoin dominance (59.95%) continues rising. Market Outlook: Selective Rotation into Certain AltcoinsWhile the broader crypto market remains under risk-off pressure, the strong performance of ICP, DUSK, and PIVX highlights selective capital rotation into assets backed by clear catalysts—from technical breakouts and ecosystem growth to regulatory narratives.However, with the CMC Crypto Fear & Greed Index at 27 (fear) and several indicators showing high volatility, traders should watch key support levels and on-chain volume trends to gauge whether this bullish momentum can sustain through the week.

According to the announcement from Binance, the platform is set to celebrate the listing of Momentum (MMT), a comprehensive DeFi hub on the Sui blockchain, by launching a series of promotions. These promotions will offer eligible users a chance to share a total prize pool of 2,000,000 MMT in token vouchers. The promotion period is scheduled from 2025-11-04 10:00 (UTC) to 2025-11-18 10:00 (UTC).

**Promotion A: New Users Exclusive**

This promotion is designed for new users who register with Binance during the promotion period and have not participated in any previous New User Exclusive Binance Spot campaigns before 2025-11-04 10:00 (UTC). Eligible participants must deposit a cumulative amount of at least 100 USD equivalent in USDT, USDC, and/or MMT via Binance P2P, card, or crypto deposit to earn 25 MMT in token vouchers. This offer is limited to the first 8,000 users.

**Promotion B: Open to All Users**

All verified regular and VIP users can participate in this promotion by trading a cumulative amount of at least 500 USD equivalent in eligible MMT pairs on Binance Spot. The eligible pairs include MMT/USDT, MMT/USDC, MMT/BNB, and MMT/TRY. Participants can earn a randomly generated reward between 5 and 30 MMT in token vouchers, limited to the first 40,000 users.

**Promotion C: Trading Volume Tournament**

This tournament is open to all verified regular and VIP users, excluding liquidity providers in the Binance Spot Liquidity Provider Program and Binance Brokers. Participants must trade a cumulative amount of at least 1,000 USD equivalent in eligible MMT pairs during the promotion period. Rewards are capped at 2,000 MMT in token vouchers per user, calculated based on the user's trading volume relative to the total trading volume of all eligible participants.

Token vouchers for all promotions will be distributed by 2025-12-03 and will expire within 21 days after distribution. Users can redeem their rewards via the Rewards Hub. Binance emphasizes that trading volume from zero-fee pairs and transaction fees will not count towards the final calculations for promotions B and C. Fresh funds are defined as those newly introduced into Binance via P2P, card, or crypto deposit, excluding transfers from other Binance accounts. The promotions are subject to regional availability and legal requirements.

According to BlockBeats, OnchainDataNerd has reported that two new wallets have increased their holdings of LINK. Wallet address 0x9A1 has acquired 49,640 LINK, valued at approximately $736,000, while wallet address 0x512 has obtained 98,000 LINK, worth around $1.57 million. The average purchase price for these acquisitions is approximately $16.45 per LINK.

According to BlockBeats, data from Coinglass indicates that if Ethereum's price rises above $3,600, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) could reach $807 million. Conversely, if Ethereum falls below $3,400, the cumulative liquidation intensity of long positions could amount to $564 million.

BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or their precise value. Instead, the chart's bars represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity. Therefore, the chart illustrates the potential impact on liquidation intensity when the asset price reaches certain levels.

According to BlockBeats, crypto market maker Wintermute has released an analysis indicating that the current macroeconomic environment remains positive, with interest rates decreasing, quantitative tightening ending, and stock markets nearing their peaks. However, the cryptocurrency sector continues to lag, as capital flows have retracted following the recent FOMC meeting.Global liquidity is expanding, yet capital is not being directed towards the crypto market. Exchange-traded fund (ETF) inflows have stalled, and tokenized asset trading (DAT) activities have dwindled, with only stablecoins showing growth. The overall market structure is healthy, with leverage cleared and positions clean. For a new upward trend to emerge, a return of capital to ETFs or DATs would be a critical signal.The issue at hand is not a lack of liquidity but rather its diversion to other areas. While global liquidity is indeed increasing, central banks are cutting interest rates amid strong economic conditions, a rare occurrence that typically signals an impending robust risk appetite cycle. However, this new liquidity influx has not flowed into the crypto market as it has in the past. ETF funds remain stagnant, and DAT activities have dried up, resulting in a noticeable decline in the share of liquidity directed towards cryptocurrencies.The "four-year cycle" theory is no longer applicable. The miner supply and halving logic that previously drove price cycles have diminished in influence within mature markets. Currently, liquidity is the true driver of price movements.

According to CoinMarketCap data, tThe global cryptocurrency market cap now stands at $3.45T, down by 3.97% over the last 24 hours.Bitcoin (BTC) has been trading between $103,666 and $108,333 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $103,877, down by 3.28%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include DCR, KITE, and DASH, up by 142%, 127%, and 66%, respectively.Top stories of the day:UBS Analysts Predict Gold Prices to Reach $4,200U.S. Treasury Revises Fourth Quarter Borrowing EstimateMarket Downturn Attributed to U.S. Treasury Auction and Fed RemarksCertiK's 2025 Report: Public Companies' Total Digital Asset Holdings Surpass $130 BillionWintermute: Current Macroeconomic Environment Remains PositiveRecord Weekly Outflow from Gold Funds Signals Shift in Investor SentimentAsian Markets Experience Significant DeclinesBitcoin’s November Outlook: Stability and Optimism as Analysts Eye $150K by 2025Arthur Hayes: U.S. Financial Policies May Be "Stealth Quantitative Easing"Market movers:ETH: $3490.32 (-6.01%)BNB: $949.81 (-7.31%)XRP: $2.2627 (-6.19%)SOL: $159.66 (-9.08%)DOGE: $0.165 (-5.06%)TRX: $0.2802 (-5.21%)ADA: $0.5404 (-6.60%)WBTC: $103925.18 (-3.25%)WLFI: $0.1102 (-12.82%)BCH: $497 (-4.73%)

According to Odaily, Arthur Hayes has suggested that the actions of the U.S. Treasury and Federal Reserve may be setting the stage for a 'Stealth QE' (Quantitative Easing), which could serve as a key catalyst for a new surge in Bitcoin and the broader cryptocurrency market.Currently, U.S. government spending is expanding, with political incentives favoring debt issuance over tax increases. Due to the risk of dollar asset seizures following the Russia-Ukraine conflict, foreign central banks are more inclined to purchase gold rather than U.S. Treasury bonds. Domestic savings rates in the U.S. are insufficient to support the issuance of government bonds, and the four major commercial banks have absorbed only a small portion of new debt. 'Relative Value (RV) hedge funds' have become marginal buyers of U.S. debt, primarily using repo agreements for leveraged financing.The U.S. Treasury is expected to issue approximately $2 trillion in new debt annually to cover deficits. When market liquidity tightens and the Secured Overnight Financing Rate (SOFR) exceeds the federal funds ceiling, the Federal Reserve injects cash directly into the market through the Standing Repo Facility (SRF). This is akin to 'disguised QE': printing money, lending, and supporting the Treasury market.As the use of the SRF increases, global dollar liquidity rises, effectively functioning as QE. Hayes predicts this will reignite a bull market cycle for Bitcoin and cryptocurrencies. 'Whenever the Federal Reserve expands its balance sheet, BTC tends to rise.'Currently, the U.S. government shutdown and Treasury auctions are causing short-term liquidity tightening, putting pressure on the crypto market. Hayes advises investors to 'preserve capital and wait for the right opportunity,' suggesting that the market will experience a strong rebound once 'Stealth QE' is initiated.

According to Odaily, UBS analysts have stated that the current correction in the gold market is only temporary, with prices expected to reach $4,200 per ounce. In a more optimistic scenario, gold prices could surge to $4,700 per ounce if geopolitical or market risks intensify.In a research report released on Monday, UBS noted that the long-awaited market correction has temporarily subsided. The Swiss banking giant emphasized that, aside from technical factors, there is no fundamental support for the recent sell-off.UBS highlighted that the weakening price momentum has led to a second round of declines in futures holdings, while stressing that the underlying demand for gold remains robust.The analysts also referenced the World Gold Council's "Third Quarter Gold Demand Trends Report," which confirmed strong and growing demand for gold from central banks and individual investors.

Key TakeawaysPrivacy coins surge with DASH up 66% to $138.32, leading the sector’s bullish momentumZcash (ZEC) climbs 21% to $469, pushing total privacy coin market cap above $25 billionAnalysts forecast further upside potential as privacy-focused assets outperform Bitcoin and Ethereum. Privacy Coins Enjoy Bullish MomentumPrivacy coins are currently defying a wider market downturn (-3.37%), with Dash (DASH) and Zcash (ZEC) leading a market-wide surge that has pushed the total market capitalization for privacy coins past $25 billion, according to CoinGecko. The rally comes amid renewed investor demand for transaction privacy and self-custody tools, setting privacy-focused assets apart from BTC (-2.72%) and other altcoins that are facing pressures from wider macroeconomic uncertainties. DASH and ZEC Lead Sector GainsDASH saw an explosive 66% rise in 24 hours, trading at $138.32, marking a three-year high. Trading volume for DASH recently hit $1.44 billion, its highest level since May 2021. ZEC followed DASH with a 21% gain, hitting $469, while other coins in the crypto privacy sector have also enjoyed significant gains: Horizen (ZEN) surged 29% to $22.047, PIVX jumped 62% to $0.3823, and Secret (SCRT) advanced 27% to $0.2091.Rising Demand for Financial PrivacyThis bullish momentum reflects a wider market shift toward financial privacy amid tightening regulatory oversight on mainstream cryptocurrencies. Analysts note that as global crypto compliance frameworks become stricter, investors are prioritizing anonymity and control over their digital assets.On-chain data indicates a surge in liquidity and institutional participation within the privacy sector. Zcash’s trading volume recently hit $1.35 billion, its strongest since September, while total sector returns have outperformed the broader market with a 79.7% gain over the last month, per Artemis. Analyst Outlook: Potential for Further UpsideMarket analysts remain optimistic. One noted that DASH could trade between $100-$140 in the near term, with potential expansion toward $250 if current trends persist.Zcash, meanwhile, continues to attract attention for its zk-SNARK technology and its Zashi wallet, which simplifies shielded transactions. Nansen’s senior analyst Jake Kennis described ZEC as an “encrypted Bitcoin,” emphasizing its fixed supply of 21 million coins and proof-of-work consensus model.

According to BlockBeats, BlockSec's system has detected a series of suspicious transactions targeting MoonwellDeFi's smart contracts deployed on the Base and Optimism chains. Analysis indicates that the incident stems from issues with off-chain oracle data providing token prices (rsETH/ETH). This vulnerability may have been exploited by MEV bots, resulting in losses exceeding $1 million.

Key Takeaways:Bitcoin (BTC) dropped below $104,000, triggering over $1.3 billion in leveraged futures liquidations.Long traders accounted for nearly 90% of total losses, wiping out $1.17 billion in bullish bets.Ethereum (ETH) fell to around $3,650, and Solana (SOL) dropped near $157, with combined altcoin liquidations exceeding $300 million.Bitcoin’s Breakdown Triggers Massive Liquidation WaveBitcoin’s sharp decline below the $104,000 level unleashed a cascade of forced liquidations as leveraged futures traders were caught off-guard.Data shows over $1.3 billion in total liquidations within 24 hours — one of the largest in recent weeks — with long traders absorbing most of the pain.The sell-off followed a failed attempt to reclaim the $113,000 resistance zone over the weekend, setting the stage for aggressive unwinding once downside momentum accelerated.Ethereum and Solana Extend LossesAltcoins mirrored Bitcoin’s weakness:Ethereum (ETH) slid more than 6%, trading around $3,650.Solana (SOL) plunged 8% to about $157, marking one of its weakest sessions since August.Together, the two accounted for over $300 million in liquidations as speculative sentiment evaporated.The broader crypto market capitalization dropped roughly 4%, retreating to around $3.6 trillion.Market Mechanics and OutlookLiquidations occur when traders using margin are forced to close positions as collateral values fall below maintenance levels.Large waves of long liquidations often mark points of capitulation — temporary bottoms where leverage is flushed from the system — though continued selling could still lead to deeper drawdowns.Despite the reset, open interest remains high at nearly $30 billion, suggesting leverage hasn’t fully cleared.With the Federal Reserve’s rate decision approaching later this week, traders remain cautious amid persistent macro uncertainty.Bottom LineBitcoin’s slide below $104K has reignited volatility across crypto markets, wiping out over $1.3 billion in bullish positions.While leverage resets may pave the way for eventual stabilization, the short-term outlook remains fragile as markets brace for further macro-driven moves.

Key Takeaways:SynFutures CEO Rachel Lin sees October’s pullback as a healthy reset ahead of the next bull market.November has historically been one of Bitcoin’s strongest months, averaging a 42% return over the past 12 years.Lin expects sideways movement early in November, followed by potential upside if the Federal Reserve signals a softer tone.Long-term, Lin projects Bitcoin could reach $120,000–$150,000 by the end of 2025, supported by ETF inflows and institutional adoption.Bitcoin’s Pullback Seen as a Mid-Cycle CorrectionSynFutures CEO Rachel Lin remains optimistic about Bitcoin’s long-term trajectory, suggesting that the October correction may mark a midpoint in the ongoing market cycle rather than its conclusion.She emphasized that such consolidations have historically preceded major rallies, giving markets time to reset leverage and rebuild momentum.November’s Strong Seasonal Track RecordHistorical data backs this optimism: Bitcoin’s average Q3 return sits at 6.05%, while November has been a standout month with an average gain of 42% across the past 12 years.This seasonal strength often coincides with renewed market confidence, higher trading volumes, and institutional positioning ahead of year-end.Short-Term Outlook: Sideways Action Before Potential UpswingLin anticipates that Bitcoin may trade sideways in early November, as investors digest the latest Federal Reserve policy updates.However, any shift in policy tone—such as hints of future rate cuts—could serve as a catalyst for renewed buying interest and upward momentum.Long-Term Forecast: $120K–$150K Possible by End-2025If Bitcoin continues along its post-halving trajectory, Lin believes the asset could rise to $120,000–$150,000 by late 2025.She cites strong ETF inflows, institutional custody solutions, and steady network fundamentals as the backbone of this forecast.Such developments, she notes, signal that institutional confidence in Bitcoin’s long-term value proposition remains intact, despite recent volatility.Bottom LineWhile short-term uncertainty persists, Bitcoin’s long-term outlook appears constructive. With November historically delivering outsized gains and institutional demand continuing to grow, analysts like Rachel Lin see this period as a phase of accumulation and quiet strength before the next major breakout.

According to Binance Market Data, Bitcoin (BTC) dropped below 104,000 USDT and is now trading at 103,999.703125 USDT, with a 3.39% decrease in 24 hours.

According to Odaily, October has been the most active month in the history of prediction markets. Key statistics reveal that the total number of users reached 524,200, with 40.4% being new users. The number of transactions hit 30 million, and the nominal trading volume amounted to $8.7 billion.

Kalshi led in both trading volume and transaction numbers, capturing a market share between 45% and 55%. Polymarket followed closely, while other smaller projects accounted for only about 7% to 10% of the market share.

According to PANews, CertiK has reported that the Moonwell lending contract has been subjected to several attack transactions. The attackers exploited an incorrect oracle price for wrst, valued at approximately $5.8 million. By using a flash loan of just about 0.02 wrstETH and depositing it, they repeatedly borrowed over 20 wstETH, ultimately profiting 295 ETH, which is roughly equivalent to $1 million.