Binance suffers $6.3 billion theft; multiple trading platforms strengthen security measures.

Crypto analyst Darkfost stated that the average cost basis for short-term Bitcoin holders is close to $76,000, and the current price is testing their confidence in holding their positions. The short-term holder MVRV is approaching a neutral level of 1, an indicator that rose above 1.18 in late September, reaching its highest level since July 2025. The cost basis for short-term holders has been steadily rising since mid-August, around $67,500, and this group participated in Bitcoin's rise during that period. With Bitcoin's medium-term momentum turning positive, the return of MVRV to the price range corresponding to a neutral level could prompt short-term holders to either continue buying or capitulate and sell.

The Foundation claims attackers are sending phishing emails through compromised company domains, and these emails are not originating from the Foundation's official domain. (Source: Bitcoin News)

Binance is in discussions with Malaysian regulators regarding a licensed business model, seeking a return to the local market. A Binance spokesperson stated that they have been communicating with the Malaysian Securities Commission and the central bank over the past 10 months. In July 2021, the Malaysian Securities Commission ordered Binance to cease its local operations. The agency removed Binance from its investor warning list in 2024 but reinstated it this month. In response to an investigation requested by Lim Guan Eng, Binance has closed a ringgit-linked trading market in Kina, Papua New Guinea, and is also addressing complaints regarding the Ley market in Romania. (Source: Bloomberg)

After closing his Bitcoin long position, Brother Machi continued to add to his Ethereum long position with 25x leverage, and now holds 2125 ETH. At the same time, he reduced his HYPE long position with 10x leverage to 4500 HYPE, achieving a small profit of 0.89% overall.

Following the $6.3 billion theft from Binance, Coinbase, Gemini, and Kraken have strengthened their security measures. Coinbase Chief Security Officer Jeff Lunglhofer adjusted the cold storage system, and VP of Product Will Megson upgraded telephone protection. Gemini added a fund transfer alert, and Kraken is closely monitoring the situation. Binance has taken control of the compromised infrastructure and revoked affected authorizations; withdrawals are expected to resume within 34 hours. Chainalysis attributed the attack to TraderTraitor and warned exchanges to be wary of fund transfers on the Tron network. OKX CEO Star Xu called for the industry to establish a collaborative monitoring and rapid response mechanism. (Source: Financial Times)