Hackers drained about $6.3 billion from Binance’s hot wallets on October 29, the largest crypto theft on record. Binance says the attacker got in through a compromised engineer’s laptop and found no sign that private keys leaked. TRM Labs and Chainalysis both attribute the attack, with high confidence, to North Korea’s TraderTraitor group.

About $1.45 billion of the haul was Bitcoin. Around $3 billion, mostly stablecoins that issuers could lock, has been frozen. Binance paused withdrawals and says it will cover all losses. Bitcoin dropped as low as $76,400, its lowest since September 18, and $1.57 billion in futures positions were liquidated.

Binance customers can’t touch their coins until the exchange says so.

The Fed held rates at 3.75% to 4.00% on October 28, but the vote was 10 to 2. Governor Lisa Cook and Cleveland Fed President Beth Hammack both dissented in favor of a quarter-point hike.

Hammack’s vote was expected. Cook’s wasn’t, because she’s considered one of the board’s doves. The statement also upgraded the economy from “solid” to “strong” and repeated that inflation remains elevated. Traders now treat a December hike as close to locked in, and CME FedWatch puts those odds above 80%.

Bitcoin barely moved on the decision, ticking up to about $81,000. With September CPI at 3.7% and Brent crude above $115, December is the meeting that matters.

“We believe the bottom is in,” Galaxy’s Alex Thorn wrote on October 26. He set his own tripwire: a weekly close below $76,540.

On Thursday the Binance hack pushed Bitcoin to $76,400. Sunday’s close decides whether the call survives.

His report also argued that hacks hit exchanges, not Bitcoin’s cryptography. Three days later, an exchange lost $6.3 billion and Bitcoin’s code was untouched.

Strategy reported $20.91 billion in Q3 operating income on October 29, a company record that came almost entirely from bitcoin’s rebound. Net income came to $19.53 billion.

The filing also showed the company has sold about $431.8 million of Bitcoin this year to pay preferred dividends and buy back STRC shares, including 5,552 BTC in Q3 alone. BTC Yield, Strategy’s own scorecard, sits at minus 3.7% for 2026. CFO Andrew Kang steps down November 5.

Saylor says “we’re at the beginning of the next bitcoin bull market,” and the company still holds 848,517 BTC. Holders will remember the 5,552 it let go.

The Bitcoin Way is running a three-part webinar series on building your Plan B: a second residency somewhere freer, set up before you need it. Week one aired October 28, and two sessions are left.

Week two, “When Plan B Becomes Plan A,” is Wednesday, November 4 at 12:00 PM ET. Patrick Hiebert of Veritas Villages and Tony Yazbeck of The Bitcoin Way make the case that a sovereign life in a tropical paradise might end up your first choice. Adam Hudson closes the series on Wednesday, November 11.

Save your seat for November 4.

Wall Street is shifting its attention toward blockchain and AI, but Galaxy Research highlights a historical pattern that previously coincided with massive Bitcoin rallies. As central banks accumulate gold, France faces growing debt concerns, and Brazil's markets come under pressure, the case for owning scarce assets is gaining attention. Jason Calacanis says investors should abandon Bitcoin for AI, while James Lavish argues that currency debasement is virtually inevitable. With new Bitcoin investment products emerging and institutional accumulation continuing, the next major move could catch the market completely off guard.