Why Binance’s $6.3B Hack Hasn’t Triggered FTX-Style Panic
Dragonfly’s Haseeb Qureshi, Anthony Pompliano and CZ point to a calmer response than FTX, even as Bitcoin remains under pressure after the Binance hack.
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Geoffrey Kendrick expects further crypto weakness after the Binance hack, while retaining a long-term bullish view on Uniswap.
An unverified breakdown alleges $5.613 billion stolen. Tether and Circle report over $2.3 billion frozen; Binance says user funds are safe.
U.S. spot Bitcoin ETFs drew $137.3 million on October 28, led by BlackRock’s IBIT. Ether funds lost $21.4 million in their third straight negative session.
Bitcoin trades near $81,000 after the Fed holds rates at 3.75%–4.00% in a 10–2 vote, with both dissenters favoring another quarter-point increase.
CryptoQuant says monthly Bitcoin buying outside Strategy fell 91%, while one company supplied 71% of growth in public-company holdings over 14 months.
Bitwise models Bitcoin at $1.6 million in its 2036 base case and $3.67 million in its bull case, with adoption assumptions and significant risks.
Grant Cardone proposes a $1 million-per-side bet that Bitcoin will reach $126,210.50 by October 2028, challenging Jason Calacanis’s bearish forecast.
Trenton Johnston, 20, received 25 months in a U.S. prison in a fake-support crypto case involving 185 stolen BTC and luxury spending.
Jason Calacanis predicts Bitcoin will revisit $57,000 within a year and favors AI, while Michael Saylor argues the two technologies complement each other.