Key Highlights

  • Private analytics firms and Binance describe a reported theft of roughly USD 6.3 billion to USD 6.36 billion at Binance, which began near 8:05 p.m. UTC on October 29, 2026. Between USD 2.54 billion and USD 2.7 billion was frozen, with the figure depending on the timestamp.
  • In Friday premarket trading, Bitcoin (BTC) changed hands between USD 77,225 and USD 77,523, roughly 39.8 percent under its USD 128,198 record from October 6, 2025, by our arithmetic. Ether dropped to around USD 2,239.
  • Coinbase (NASDAQ:COIN) posted Q3 EPS of USD 2.51 versus a forecast loss of USD 0.26, but slipped about 5 percent in Friday premarket, while one page put the drop at 4.7 percent, as spot trading Volume declined 10 percent from the prior quarter.
  • On one page, Strategy (NASDAQ:MSTR) was down about 6.1 percent in Friday premarket. Another page said Circle, Coinbase, Robinhood and Strategy each lost more than 6 percent, so the precise decline depends on the page and capture time.

Bitcoin (BTC): Reported record-size theft and the price

TRM Labs estimates the theft at about USD 6.36 billion across ten blockchains, while other figures cite USD 6.3 billion. Activity started around 8:05 p.m. UTC on October 29, 2026. TRM Labs links it with high confidence to North Korea's TraderTraitor unit, the group the FBI tied to the Bybit hack, and that attribution comes from the private analytics firms TRM Labs and Elliptic rather than law enforcement. Binance says it will cover all losses, that deposits were untouched and that withdrawals should restart within 48 hours. No root cause has been published, so the breach method is unknown. Roughly USD 2.7 billion has been frozen, while Binance said USD 2.54 billion was verified at 11:35 p.m. UTC, so the total depends on timing. The attacker is reported to hold about USD 2.4 billion. Bitcoin (BTC) traded between USD 77,225 and USD 77,523 and sat about 39.8 percent below its record of USD 128,198 from October 6, 2025, by our arithmetic. Ether fell to near USD 2,239. Crypto-linked shares also declined: Coinbase (NASDAQ:COIN) was down about 4.7 percent on one page, and Strategy (NASDAQ:MSTR) fell about 6.1 percent there, while another page said Circle, Coinbase, Robinhood and Strategy each lost more than 6 percent. A third point is regulatory attention after the largest crypto theft on record, a description reported rather than independently confirmed. Bitcoin (BTC) already trades well below its peak, leaving exchange-security headlines little cushion. Robinhood (NASDAQ:HOOD) and other crypto-linked names are also in focus.

Coinbase (NASDAQ:COIN): Beat that did not hold

Coinbase (NASDAQ:COIN) released third quarter results after the close on October 29, 2026. Earnings Per Share were USD 2.51 versus a forecast loss of USD 0.26, and Revenue came in near USD 1.2 billion, in line with forecasts. After hours the stock touched USD 157.10, down 2.17 percent on one transcript page, and in Friday premarket it slid about 5 percent, with one page showing 4.7 percent. The decline deepened as the news of a USD 6.3 billion theft at Binance, as reported, reached markets overnight. Bitcoin (BTC) hovered near USD 77,200, and crypto-linked stocks dropped 5 percent to 6 percent or more in premarket trading. Premarket figures are snapshots that can shift at the 9:30 a.m. ET open. The earnings headline seems to rest mainly on gains from crypto held on the balance sheet, a reading from one analysis headline that we could not verify in the company filing. Under Fair Value accounting, rising prices for held digital Assets flow through Net Income and falling prices reverse that. The operating picture was weaker: spot trading volume dropped 10 percent from the prior quarter, and trading fees are the main revenue driver at Coinbase (NASDAQ:COIN). The company acquired its 18,000th bitcoin, which increases that exposure. Prediction markets crossed a USD 200 million annualized revenue run rate, still small against total revenue. Bitcoin (BTC) near USD 77,200 sits roughly 40 percent below its USD 128,198 record from October 6, 2025, a result of simple arithmetic on two published figures. A lower price could wipe out balance-sheet gains next quarter and cool trading activity. The Binance event adds uncertainty: the North Korea attribution comes from private firms, not law enforcement, and no root cause is published. Binance said withdrawals should resume within 48 hours.

Strategy (NASDAQ:MSTR): Crypto-linked Equity under pressure

Strategy (NASDAQ:MSTR) was down about 6.1 percent in Friday premarket trading on October 30, 2026, according to one page. A second page said Circle, Coinbase, Robinhood and Strategy each lost more than 6 percent, so the precise figure depends on the page and when it was captured. The drop followed the reported theft of about USD 6.3 billion at Binance, which pushed Bitcoin to roughly USD 77,200 to USD 77,500 in the same session. Those accounts group Strategy with crypto-linked names, and the likely shared driver is the Bitcoin price, which is our inference rather than a company statement. No Strategy results, holdings or analyst changes were retrieved. Premarket quotes are snapshots that may shift at the 9:30 a.m. ET open. The next dated events are that open, Binance's root-cause statement and the restart of withdrawals, which Binance said should arrive within 48 hours. Anyone comparing crypto-linked equities should know that the Coinbase decline of about 4.7 percent to 5 percent and the Strategy decline of about 6.1 percent come from different pages and capture times, so they do not form a like-for-like ranking. Any recovery depends on whether the stolen funds are frozen, moved or recovered.

Where Things Stand

In short, the hack weakened confidence in large exchanges and dragged crypto-linked shares lower through the Bitcoin price. Bitcoin (BTC) slipped into the mid USD 77,000 range, Coinbase fell about 5 percent despite an EPS beat, and Strategy (NASDAQ:MSTR) was down about 6.1 percent on one page. The theft total, the frozen sum and the North Korea attribution come from private firms, not authorities. Binance says it will cover losses and restart withdrawals within 48 hours. Those two commitments are the next tests. This is not Investment advice.