Binance Hack Investigation and Kalshi's $40B Valuation Lead Weekly Crypto News
Major developments in exchange security, prediction markets, and crypto market performance marked this week's headlines.
Major developments in exchange security, prediction markets, and crypto market performance marked this week's headlines. Bitcoin (BTC) is trading at ₹74,06,302 ($77,920.00). This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Sun, 01 Nov 2026 13:15:01 UTC.
The Binance hack investigation raises concerns about exchange security and its potential impact on market stability, while Kalshi's new valuation highlights growing investor interest in crypto prediction markets.
- Binance is investigating a potential multibillion-dollar hack.
- Kalshi raises $1 billion at a $40 billion valuation.
- CFTC Chair Michael Selig issued a critical statement following the Binance hack.
- Total crypto market cap remains at $2.68 trillion amid these developments.
- Binance Hack Investigation Points to North Korean TraderTraitor Group
- Trump Confirms Investigation into Binance Hack, North Korea Suspected
- Strive CEO Praises Binance's Resilience Amid Hack, Warns of Bitcoin Risks
- Bitcoin, Ethereum, XRP, and BNB Exhibit Divergent Price Movements Post-Binance Hack
- Binance Hack Could Be Largest Crypto Theft Ever at $6.3 Billion
- Binance Hack Investigation Reveals Multiple Breach Points
- Binance Hack Investigation and Kalshi's $40B Valuation Lead Weekly Crypto News — this brief
This week, Binance is investigating a potential security breach that could involve billions of dollars, raising concerns about the security of major cryptocurrency exchanges. The investigation comes amid a broader market context where the total crypto market cap stands at $2.68 trillion, with 
Bitcoin showing a slight 24-hour increase of 0.44% to $37,880.
In other news, Kalshi, a crypto prediction market platform, has raised $1 billion in funding, boosting its valuation to $40 billion. This significant investment highlights the growing interest and confidence in the crypto prediction market sector.
The US Commodity Futures Trading Commission (CFTC) has responded to the Binance situation, with Chairman Michael Selig issuing a critical statement following the reported hack. This underscores the regulatory scrutiny facing major crypto exchanges and the potential for increased oversight in the sector.
Meanwhile, Coinbase reported a return to profitability with $719 million in net income for Q3, indicating a positive trend for some major crypto companies despite market volatility. Additionally, DTCC's recent initiatives in tokenization reflect the ongoing evolution of traditional financial systems integrating with blockchain technology.
The broader market remains relatively flat, with Bitcoin's slight 7-day decline of 2.92% reflecting the cautious sentiment indicated by the Fear & Greed index at 34 (Fear). Investors will be watching for further developments in the Binance investigation and the potential impact on market confidence.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from ₹74,02,499.61$77,880.00 to ₹74,06,301.61$77,920.00 — +0.05%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.15M (about $77,920.00), up 0.6% over 24 hours. The rupee itself trades about 10.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Hack Investigation and Kalshi's $40B Valuation L — questions & answers
What is the potential scale of the Binance hack?
Reports suggest the hack could involve billions of dollars, though specific figures are not yet confirmed.
How much did Kalshi raise in its latest funding round?
Kalshi raised $1 billion, reaching a $40 billion valuation.
What is the current state of the crypto market?
The total crypto market cap is $2.68 trillion, with Bitcoin at $37,880, showing a 24-hour increase of 0.44%.
How much is 1 Bitcoin worth in rupee today?
About ₹8.15M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,920.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.05% since this brief first published — trading at ₹74,06,302 ($77,920.00) now versus ₹74,02,500 ($77,880.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.