Crypto markets were hit by a big headline overnight. Binance confirmed a security incident in which a compromised engineer's laptop led to unauthorized withdrawals, with an estimated impact of around $6.3 billion. About $3 billion has been frozen so far, Binance says it will cover the losses, and withdrawals were paused while security checks are completed.

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In-Depth Analysis

A hot US economy is supposed to sink Gold. It didn't. Here's why

Gold (XAU/USD) remains under pressure near $4,000, as stronger-than-expected United States (US) economic data reinforce expectations of another Federal Reserve (Fed) interest rate hike in December. Economic growth is accelerating, inflation remains elevated, and borrowing costs could rise further.

One letter could revive Gold's peace trade

The hawkish Fed can't lift the US Dollar anymore

Fed's recap: A cautious hold with a clear warning on inflation

The Federal Reserve (Fed) held its policy rate steady at 3.75%-4.00%, but it wasn’t a unanimous decision. Among two officials who wanted a 25-basis-point hike were Lisa Cook and Beth Hammack, while Chair Kevin Warsh said the Fed would use the coming flow of information to decide whether further action is needed. The statement presented a resilient economy.

160 is still the Yen's red line

Every barrel Canada exports imports a rate hike

Cryptocurrencies

Binance likely hacked for an estimated $6B, on-chain data shows

Crypto exchange Binance is investigating a security breach on Thursday after on-chain data flagged that it has likely been hacked for an estimated $6 billion. In a statement on Thursday, Binance said its security teams were investigating the breach and confirmed that user funds are completely safe.

Ethereum Price Forecast: ETH dips as US PCE inflation reinforces December rate hike

Ethereum fell below $2,300, down 4.8% on Thursday following a rise in US Personal Consumption Expenditure inflation. The PCE Price Index climbed 0.5% MoM and 3.6% YoY in September, matching market forecasts. Core PCE, which excludes volatile energy and food prices, increased by 0.3% monthly and 3.1% yearly, also in line with expectations.

XRP drops 6% despite Ripple's projected $900M annualized revenue

XRP is down 6.6% on Thursday despite Ripple's projections of ending 2026 with $900 million in annualized product revenue. The company reported that its payments network is on track to end 2026 with $150 billion in cumulative transaction volume, with more than 60 payout markets supporting international money transfers.

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Stocks

Tesla bulls look like they're back after the July sell-off

Tesla sold off aggressively in July following a disappointing earnings report, in which second-quarter profit missed estimates as capital spending jumped. The stock broke below the 335 support level, extending the correction from the December highs. However, we still believe this decline can be counted as wave C within a larger corrective structure. The fundamental picture has improved since then.

Weekly Forecast

EUR/USD: Next bounce could be a trap

The single currency alternated gains and losses against the US Dollar (USD) this week, prompting EUR/USD to stabilise around the 1.1200 neighbourhood on Friday, while remaining unable to sustain its earlier bull run toward the 1.1260 zone. On the monthly chart, the second drop in a row appears almost unavoidable.

What would a Republican sweep mean for Gold and Treasury yields?

The United States midterm elections, scheduled for November 3, could trigger a major repricing of the US Dollar, Treasury yields, and Gold, but the outcome is not predetermined.

Gold: Inflation fears attract bears ahead of critical Fed meeting

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.

Americans have never felt this broke, and the stock market is at a record. Both are true

The University of Michigan's consumer sentiment index was 48 for October, the second-lowest reading since 1952, and the S&P 500 is within 2% of a record. The rule that record gloom precedes a 20% rally only worked after a crash, and there hasn't been one.