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# Hemi Pulse - October 30, 2026
- URL: https://news.hemi.xyz/hemi-pulse-october-30-2026/
- Published: 2026-10-30T23:00:00.000Z
- Updated: 2026-10-30T22:59:59.000Z
- Description: Hemi's weekly recap on yield, DeFi, ecosystem, and community updates.
- Author: Hemi Labs
- Tags: Hemi, Bitcoin, Ethereum, Yield

| ![hemi](https://storage.ghost.io/c/54/c6/54c6f660-26c3-4ce3-8ea1-ea7e37a8cc90/content/images/2026/07/hemi-logo-positive.png)PulseFriday30 October 2026Bitcoin finance, weekly · 24 to 30 October · Published by Hemi LabsHALLOWEEN EDITIONThe biggest heist on record.Bitcoin buyers didn't flinch.The week in five lines**Binance lost $6.36B** to North Korea-linked hackers on 29 October, the largest crypto theft on record.**Binance set aside $6.34B** of its own funds to cover every user, issuers froze about $3B, and the damage stayed contained.**Trezor flagged a suspected implant** in a Safe 5 from CryptoBilis, the reseller behind Ledger's tampered units.**Polymarket's front end was hijacked** through a third-party script, draining at least $2.6M.**US spot ETFs took in $441M** in four days, with inflows every day, hack day included.**By the numbers**Week to 30 October; ETF flows through 29 OctoberMetricNowChangeTaken from Binance$6.36BrecordSet aside by Binance$6.34Ball lossesFrozen by issuers\~$3B30 OctUS spot ETF flows+$441M4 daysBitcoin price$77,432−4.7% w/wBTC loan rate, Base8.7%peak 13.0%01THE LEADBinance Loses $6.36 Billion and Covers Every UserIn about 20 minutes on 29 October, attackers drained Binance hot wallets across ten chains. TRM Labs attributes the theft, with high confidence, to North Korea's TraderTraitor unit.$6.36BTaken, at prices when moved$6.34BSet aside by Binance to cover users\~$3BFrozen by stablecoin issuers**Where the stolen funds sat, by chain**Ethereum$3.79BBitcoin$1.47BTron$628MXRP Ledger$296MSolana$96MFive others$77MApproximate USD values. Ethereum includes 200,630 ETH, $1.88B USDT, and $823M USDC. Source: [TRM Labs](https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history?ref=news.hemi.xyz)**How it happened:** Binance says a compromised DevOps engineer's laptop let the attacker submit withdrawals, with "no evidence" of a private key leak. [CoinDesk](https://www.coindesk.com/business/2026/10/29/live-updates-bitcoin-clings-to-usd80-000-as-strategy-s-cushion-thins-before-earnings?ref=news.hemi.xyz)**How users are covered:** Binance reserved $6.34B of company funds; $5B is already held in matching tokens and the rest is being bought OTC and on market. [CoinDesk](https://x.com/CoinDesk/status/2116215227704283235?ref=news.hemi.xyz)**Who froze what:** about $3B in all, led by Tether at roughly $1.77B and Circle at $825M, plus Ripple, World Liberty, and Arbitrum's Security Council. [TRM Labs](https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history?ref=news.hemi.xyz)**DeFi braced:** Aave froze its Ethereum V3 markets after attacker wallets borrowed ETH against USDT; its contracts were unaffected. [Decrypt](https://decrypt.co/382194/binance-hack-exit-ramps-defi-exchange-ethereum?ref=news.hemi.xyz)**Contagion stayed contained:** Bybit reported no impact, Wintermute put its exposure below 20% of net equity, and GSR below 5%. [CoinDesk](https://www.coindesk.com/business/2026/10/29/live-updates-bitcoin-clings-to-usd80-000-as-strategy-s-cushion-thins-before-earnings?ref=news.hemi.xyz)**What's next:** the FBI and Secret Service are tracing the $3.3B still unrecovered. Withdrawals are expected back within about 48 hours, with a proof of reserves report Monday. [PANews](https://panews.io/articles/01a18d47-4a6b-72bd-a22b-dd095592a42d?ref=news.hemi.xyz)OUR READEvery user deposit is reported covered, and the damage stayed inside one exchange. Market makers reported limited exposure, issuers froze billions within hours, and ETF buyers kept buying. What remains is a narrower lesson: hot-wallet signing paths are still the weak point, and Bitcoin finance needs custody where no single laptop can move the money.02MARKETS AND INSTITUTIONSETF Buyers Held. Leverage Did Not.Spot ETFs took in $441 million in four days, $17 million of it on hack day. Futures traders were less calm: $1.57 billion in liquidations as BTC touched $76,400, its lowest since 18 September.**US spot BTC ETF net flows by day**Mon 26 Oct+$110MTue 27 Oct+$176MWed 28 Oct+$137MThu 29 Oct+$17M**Week to date** **+$441M**Friday's flows not yet reported. Source: [Farside](https://farside.co.uk/bitcoin-etf-flow-all-data/?ref=news.hemi.xyz)**The Fed held at 3.75% to 4%** on 28 October in a 10-2 vote; both dissenters wanted a hike. Next meeting: 8 to 9 December. [Bitcoin Foundation](https://bitcoinfoundation.org/news/regulation/fed-pauses-rate-hikes-after-september-increase-in-10-2-vote/?ref=news.hemi.xyz)**Liquidations quadrupled to $1.57B** on 30 October, $522M of it in BTC. [CoinDesk](https://www.coindesk.com/markets/2026/10/30/crypto-liquidations-jump-to-usd1-57-billion-as-binance-hack-sends-bitcoin-ether-lower?ref=news.hemi.xyz)**Bitcoin moved from Aave and Morpho to Spark**BTC posted with lenders, net of borrowingVenueNow7dAave v359,388−8.1%Morpho, cbBTC45,396−8.9%Spark8,236**+12.0%**Compound v37,500−1.1%Venus7,145−4.7%Morpho, kBTC6,197−1.6%Aave's cbBTC fell 4,963 while Spark's rose 1,194\. DefiLlama, Morpho API.**Institutions** **Strategy books $20.9B in Q3 operating income** on bitcoin gains, holds 848,517 BTC, and moves STRC to daily dividends on 1 November. [Strategy](https://www.businesswire.com/news/home/20261029462580/en/Strategy-Announces-Third-Quarter-Financial-Results-Operating-Income-of-$21-Billion-and-Diluted-EPS-of-$44.75?ref=news.hemi.xyz)**Coinbase Q3 revenue fell 35%** to $1.22B, but adjusted EBITDA of $333M beat forecasts. [CoinDesk](https://www.coindesk.com/business/2026/10/29/live-updates-bitcoin-clings-to-usd80-000-as-strategy-s-cushion-thins-before-earnings?ref=news.hemi.xyz)**Kalshi raised $1B** at a $40B valuation. [CoinDesk](https://www.coindesk.com/business/2026/10/29/live-updates-bitcoin-clings-to-usd80-000-as-strategy-s-cushion-thins-before-earnings?ref=news.hemi.xyz)03BITCOIN YIELDBTC Loan Rates Hit 13% on Hack NightThe rate to borrow USDC against cbBTC on Base, the largest BTC-backed loan market on Morpho, jumped from 5.5% to 13% within hours of the breach as the market hit 95% utilization. It has since eased to 8.7%.**Borrow rate, cbBTC to USDC on Morpho, Base**29 Oct, 17:005.8%29 Oct, 21:005.5%30 Oct, 01:008.7%30 Oct, 05:0013.0%30 Oct, 09:0011.6%30 Oct, 13:0010.3%30 Oct, 16:008.7%Variable borrow APY, UTC. Grey: before the breach. Orange: after. Morpho API.**Maple joins the count.** DefiLlama now tracks 24,087 BTC of Maple loan collateral on Bitcoin, lifting Bitcoin DeFi to about 75,000 BTC and 7.1% of all DeFi.**Babylon held steady** at 40,755 BTC staked, while Lombard's LBTC backing eased 4.8% to 7,063 BTC.**Other BTC loan rates rose too.** WBTC to USDT on Morpho now costs 6.8%, up from 3.0% a week ago.04POLICY AND SECURITYAttackers Hit Wallets, Websites, and a TrackerBeyond Binance, attackers went after the wallet in users' hands, the website in their browser, and the firm that tracks stolen crypto.**Trezor received a report on 28 October** of an extra circuit board with a cellular modem inside a Safe 5 sold by CryptoBilis. It calls the report credible but unverified, and no losses are reported. Buyers from CryptoBilis since March should move funds to a new seed. [Trezor](https://trezor.io/blog/news/implant-reported-in-a-trezor-sold-by-cryptobilis?ref=news.hemi.xyz)**Polymarket's front end ran a compromised DebugBear script** on 29 October that drained at least $2.6M. Trading halted for about an hour, its smart contracts were unaffected, and users will be made whole. [Business Today](https://www.businesstoday.in/technology/story/hackers-exploit-website-flaw-to-drain-2-6-million-from-polymarket-accounts-564677-2026-10-30?ref=news.hemi.xyz)**Chainalysis was reportedly breached.** A customer email seen by International Cyber Digest says an attacker using "offensive agentic techniques" accessed customer names, emails, and role labels, unrelated to Binance. Chainalysis has not commented publicly. [Pillitteri](https://pasqualepillitteri.it/en/news/28631/chainalysis-hacked-ai-agent-attack-customers?ref=news.hemi.xyz)**The week's incidents**As of 30 OctoberIncidentTakenStatusBinance hot wallets$6.36BCovered from a $6.34B reservePolymarket front end$2.6M+Users made wholeTrezor via CryptoBilisNoneNo losses reported; move fundsChainalysisDataReported; not yet confirmed publiclyFROM MIDWEEK WITH MAXOn the hardware wallet attacks, Max suggested multisig across different hardware brands, an extra passphrase word, and simpler devices: the fewer parts, the fewer points of failure. [Full recap](https://hemi.xyz/blog/midweek-with-max-zk-benchmarks-audits-and-ledger-security-checks?ref=news.hemi.xyz)**Status board**As of 30 OctoberItemNext[Treasury SEC-CFTC coordination](https://en.cryptonomist.ch/2026/10/28/us-crypto-regulation-update/?ref=news.hemi.xyz)Without waiting on Congress[Fed rates](https://bitcoinfoundation.org/news/regulation/fed-pauses-rate-hikes-after-september-increase-in-10-2-vote/?ref=news.hemi.xyz)Next meeting 8 to 9 Dec[GENIUS Act rules](https://www.theblock.co/news/regulation/2026-10-20-blockchain-association-clearer-rules-genius-act-421092?ref=news.hemi.xyz)Effective Jan 2027[CLARITY Act](https://www.orrick.com/en/Insights/2026/10/The-CLARITY-Act-Stalls-in-the-Senate-Whats-Next-for-Digital-Asset-Regulation?ref=news.hemi.xyz)After 3 Nov midterms[MSCI treasury-firm rule](https://www.coindesk.com/markets/2026/10/16/msci-approves-rules-that-could-eject-strategy-metaplanet-from-equity-indexes?ref=news.hemi.xyz)List due 11 Nov05THIS WEEK IN HEMIThe Quarter of ZK: Testing Nears as Audits Stack UpFrom Tuesday's Midweek with Max: the ZK miner and marketplace get their last tweaks before public testing, with three audits running in parallel.**A faster ZK miner.** SP1 runs about twice as fast as upstream on current NVIDIA cards, and RISC Zero and SP1 now run on AMD, Intel, and lower-VRAM GPUs. Any recent GPU with 16GB works, or use CPU mode.**Three audits in flight.** veHEMI auto-relock is with a third-party firm, the ZK marketplace contracts go out this week, and Oxygen is being prepared, with open source due in a couple of weeks.**PoP points convert to HEMI** once the relock audit clears and the new rewards contract launches. Max estimates the first or second week of November.**Ordinals support is now embedded in Hemi.** The indexer is tested in TBC; next comes Oxygen and hVM precompiles.**On the roadmap:** ZK Ethereum settlement by year-end, and the hBitVM tunnel upgrade by year-end or early Q1 2027\. [Full recap](https://hemi.xyz/blog/midweek-with-max-zk-benchmarks-audits-and-ledger-security-checks?ref=news.hemi.xyz)**Partner news:** Squidlore, which hosts HEMI price feeds, launched a Chrome plugin that shows a token's contract addresses, onchain volume, market cap, and price change since a post.COMMUNITY · HEMI ARCADE 2: TURBO EDITIONEight Games Down, Eight to GoSixteen entries were too many for one stream, so judging is split in two. The first eight were played on 29 October; the last eight go live Thursday, 5 November at 3:30 PM ET. Vote for your favorites in between. Winners follow the second stream.**Earn on Hemi: BrownFi pools**Merkl incentive APR as of 30 OctoberPoolAPRTVL[HEMI-VUSD](https://app.merkl.xyz/opportunities/15936254941414386628?ref=news.hemi.xyz)**174.22%**$3K[WETH-VUSD](https://app.merkl.xyz/opportunities/1300502118348424640?ref=news.hemi.xyz)**37.80%**$16K[hemiBTC-VUSD](https://app.merkl.xyz/opportunities/4022707304947230100?ref=news.hemi.xyz)**21.25%**$245K[USDC.e-VUSD](https://app.merkl.xyz/opportunities/5800716454219059942?ref=news.hemi.xyz)**13.55%**$57K[WBTC-hemiBTC](https://app.merkl.xyz/opportunities/15342484602909041814?ref=news.hemi.xyz)**8.86%**$87KJurisdictional restrictions may apply. Rates may fluctuate based on market conditions.[About the BrownFi partnership](https://hemi.xyz/blog/brownfi-algebra-finance-and-merkl-partner-to-build-hemi-liquidity-hub?ref=news.hemi.xyz)06CALENDARAhead: Withdrawals, Reserves, and the Arcade FinaleDateEvent\~1 NovBinance withdrawals expected to resume1 NovSTRC moves to daily dividends2 NovBinance proof of reserves report3 NovUS midterm elections5 Nov**Hemi Arcade 2, second stream**Early Nov**PoP points convert to HEMI (est.)**11 NovMSCI publishes affected companies8–9 DecFOMCFigures as of 30 October 2026, 16:00 UTC, from DefiLlama, Morpho, Farside, Merkl, and TRM Labs. Hemi Pulse is published by Hemi Labs for information only. It is not investment, legal, or tax advice. Digital assets involve risk. |
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