Ethereum Price Forecast: ETH ETFs outflows hit record $1.61B in October | FXStreet

North Korean hackers stole $6.36 billion in cryptocurrency from Binance, according to TRM Labs. The attack targeted 10 blockchains, exploiting a mechanism on Ethereum and compromising Binance's wallet signing system. Stolen assets included Bitcoin, Ethereum, XRP, Solana, and stablecoins. Binance confirmed the incident and suspended withdrawals. About $2.7 billion was frozen, but $2.4 billion remains with the hackers, who have begun laundering funds.

South Korea's Financial Services Commission directed crypto exchanges to increase offline storage of customer coins, following a Binance security breach. Regulations require at least 80% of assets in cold storage, reducing hacking risks. Bitcoin and Ethereum prices are $77,324 and $2,267, respectively. Exchanges like Coinbase, Binance, and Mercado Bitcoin were affected by recent security incidents.

North Korean hackers, linked to the TraderTraitor group, have moved $6.4B stolen from Binance across 12,000 wallets on 11 blockchains in 40,000 transactions. Stablecoin issuers froze $2.85B, but $786M in stablecoins were swapped before freezes. Binance covered losses and saw $3.64B in net outflows post-attack. Elliptic suggests laundering is automated but not AI-driven. $3.24B remains in linked addresses, likely held by North Korea.

US spot Bitcoin ETFs saw a net outflow of $643.3 million on 30 October, the largest single-day exit since June, reducing 2026 gains to a minimal positive. Total assets under management fell to $98 billion. The outflow was linked to the Binance hack and existing market softness, with Bitcoin price briefly dipping but recovering. Key levels to watch are $76,000 and $80,000. Upcoming events include US midterm elections and nonfarm payrolls.

Bitmine Immersion Technologies, a NYSE-listed company, added 8,573 ETH ($19M) to its holdings, now totaling 6,060,506 ETH ($13.7B). Chairman Tom Lee commented on the Binance hack, arguing crypto's resilience is growing. Bitmine aims to own 5% of Ethereum's supply, reaching 4.9% in 15 months. The company's total holdings are $14.5B, including Bitcoin, cash, and other investments.

An Ethereum wallet spent $63 million to buy 27,553 ETH in five hours at an average price of $2,286, according to Lookonchain. ETH fell over 16% in October due to market weakness and other factors. Long positions exceed 380,000 ETH, and 36% of ETH supply is staked. Analysts watch key levels like $2,280-$2,300 and $4,000 for potential rallies.