Crypto stocks tumble as Coinbase loses 12.5% after Binance hack

cryptonews10-30 23:54

Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach. Summary ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto stocks tumble as Coinbase loses 12.5% after Binance hack\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-30 23:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/crypto-stocks-coinbase-slump-binance-hack/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach.\n\n\nSummary\n\n\n\n...</p>\n\n<a href=\"https://crypto.news/crypto-stocks-coinbase-slump-binance-hack/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2360107671.USD","symbol_name":"BGF FINTECH \"A4\" (USD) INC","start_time":0,"source_url":"https://crypto.news/crypto-stocks-coinbase-slump-binance-hack/","article_id":"2679624651","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/crypto-stocks-coinbase-slump-binance-hack/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2679624651","pubTimestamp":1793375694,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach.Coinbase fell 12.54%, while Riot, Hut 8 and Robinhood lost more than 8% each.Strategy recovered from its session low but remained down 6.23% at $132.80.Coinbase reported a 44% annual drop in transaction revenue despite returning to a quarterly profit.Binance has pledged company funds to replace stolen assets, with purchases underway across exchanges and OTC desks.Market data at around 11:25 a.m. EDT on Oct. 30 showed losses across Coinbase, Strategy, Robinhood, BitMine and five mining companies, although several stocks had recovered from their session lows. Declines ranged from 4.89% for BitMine Immersion Technologies to 12.54% for Coinbase.Coinbase traded at $140.46, down $20.13 from its previous close. Earlier in the session, shares touched $136.93 before recovering some ground. The stock opened at $147.43","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","COIW":"COIN周配息ETF-Roundhill","07711":"南方两倍做多Coinbase","09711":"南方两倍做多Coinbase-U","BK4585":"ETF&股票定投概念","COIX":"Corgi COIN 2x Daily ETF","FIAT":"做空COIN期权收益策略ETF-YieldMax","BK4516":"特朗普概念","BITQ":"Bitwise Crypto Industry Innovators ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4535":"淡马锡持仓","FDIG":"Fidelity Crypto Industry and Digital Payments ETF","ICOI":"Bitwise COIN Option Income Strategy ETF","BK4596":"哈里斯概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BLCK":"Corgi Crypto Infrastructure ETF","LU1861217088.USD":"贝莱德金融科技A2","BK4588":"碎股","BK4600":"加密货币概念","BKCH":"AdvisorShares Sabretooth ETF","BK4112":"金融交易所和数据","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4595":"比特币概念","09311":"南方两倍做空Coinbase-U","CONI":"2倍做空COIN ETF-GraniteShares","BK4551":"寇图资本持仓","COIN":"Coinbase Global, Inc.","FINX":"Global X FinTech ETF","COII":"REX COIN Growth& Income ETF","BK4539":"次新股","CONL":"2倍做多COIN ETF-GraniteShares","COYY":"GRANITESHARES YIELDBOOST COIN ETF","COIO":"2倍上限加速COIN ETF-Leverage Shares","BK4554":"元宇宙及AR概念","07311":"南方两倍做空Coinbase","COIA":"ProShares Ultra Coin ETF","CONX":"Direxion Daily COIN Bull 2X ETF","IBLC":"iShares Blockchain and Tech ETF","COIG":"2倍做多COIN ETF- Leverage Shares","CONY":"COIN期权收益策略ETF-YieldMax"},"translate_title":"币安黑客攻击后 Coinbase 下跌 12.5%，加密货币股票暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"07711":0.6,"BLCK":0.6,"CONX":0.6,"09711":0.6,"09311":0.6,"07311":0.6,"CONY":0.6,"FDIG":0.6,"COIG":0.6,"FINX":0.6,"BITQ":0.6,"ICOI":0.6,"CONI":0.6,"BKCH":0.6,"COIA":0.6,"COIN":1.97,"COIX":0.6,"CONL":0.6,"COYY":0.6,"COIW":0.6,"IBLC":0.6,"COII":0.6,"COIO":0.6,"FIAT":0.6},"content_text":"Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach.\n\n\nSummary\n\n\n\nCoinbase fell 12.54%, while Riot, Hut 8 and Robinhood lost more than 8% each.\nStrategy recovered from its session low but remained down 6.23% at $132.80.\nCoinbase reported a 44% annual drop in transaction revenue despite returning to a quarterly profit.\nBinance has pledged company funds to replace stolen assets, with purchases underway across exchanges and OTC desks.\n\n\n\nMarket data at around 11:25 a.m. EDT on Oct. 30 showed losses across Coinbase, Strategy, Robinhood, BitMine and five mining companies, although several stocks had recovered from their session lows. Declines ranged from 4.89% for BitMine Immersion Technologies to 12.54% for Coinbase.\nCoinbase traded at $140.46, down $20.13 from its previous close. Earlier in the session, shares touched $136.93 before recovering some ground. The stock opened at $147.43 and reached an intraday high of $153.60.\nSelling reached mining companies, trading platforms and corporate cryptocurrency holders. Across the nine stocks, the simple average decline was approximately 7.48%, calculated by giving each company equal weight.\nCrypto stocks fall across miners and trading platforms\nRiot Platforms fell 8.70% to $12.545, while Hut 8 lost 8.51% to $60.785. Robinhood traded at $84.17, down 8.10%, after touching $82.37 earlier in the session.\nIREN declined 6.86% to $24.45, followed by MARA, which fell 6.49% to $6.70. CleanSpark was down 5% at $7.79, while BitMine lost 4.89% to $20.60.\nMARA recovered to $6.70 after falling to $6.485 earlier in the session. CleanSpark rose from its session low of $7.505 to $7.79, while BitMine recovered from $19.77 to $20.60.\nUS stock benchmarks were falling at the same time. The Invesco QQQ Trust, which tracks the Nasdaq-100, lost 2.83% to $695.08. The SPDR S&P 500 ETF Trust was down 1.36% at $758.87.\nEvery crypto stock in the checked group posted a larger percentage decline than either fund. Coinbase’s loss exceeded QQQ’s by approximately 9.71 percentage points, while Riot’s decline was 5.87 percentage points larger.\nBitcoin traded near $77,454 in a subsequent market snapshot, with a displayed daily decline of 5% and a session low of $76,460. Stock returns were measured against the previous equity-market close, while Bitcoin trades continuously.\nCoinbase’s session low was approximately 14.7% below its previous close of $160.59. Strategy’s $124.34 low represented a decline of roughly 12.2% from its $141.62 previous close, before the stock recovered to its later quote. Both calculations use the same previous-close reference as the daily stock returns.\nCoinbase earnings show weaker trading revenue\nCoinbase’s earnings presentation supplied a separate company-specific development alongside the exchange-security news. Third-quarter transaction revenue totaled $590.2 million, down 44% from a year earlier and 1% from the previous quarter.\nTotal revenue came to $1.216 billion, a 35% annual decline. Net income reached $718.7 million, compared with a $359.5 million loss in the second quarter, while adjusted EBITDA totaled $332.9 million.\nConsumer transaction revenue was $450 million. Coinbase reported quarterly declines of 9% in consumer spot trading volume and 6% in consumer derivatives volume, with prediction-market growth cushioning the revenue impact.\nInstitutional transaction revenue fell 8% from the previous quarter to $92 million. Subscription and services revenue reached $570.2 million, up 3% quarter over quarter but down 20% annually.\nBinance commits reserves to replace stolen tokens\nBinance’s recovery effort was underway during the stock sell-off. As crypto.news previously reported, the Oct. 29 security breach affected an estimated $6.3 billion, according to the exchange, which pledged to cover customer losses.\nIn its Oct. 30 update, Binance said it had reserved more than $6.34 billion of company funds, including $5 billion already held in the affected cryptocurrencies. The company reported roughly $3 billion frozen through industry cooperation, separate from its committed reserves.\nBinance has begun buying back stolen altcoins through exchanges and over-the-counter desks. Co-founder Yi He said its available holdings included Bitcoin and Ethereum, although the company did not disclose how much of either asset it would sell.\nSome replacement purchases could take longer because of limited token liquidity and OTC settlement, according to the company.\nStrategy rebounds from its morning low\nStrategy traded at $132.80, down 6.23%, after falling to $124.34. Its latest price stood approximately 6.8% above that session low, calculated from the checked quotes.\nThe company’s Oct. 26 filing reported 848,517 BTC acquired for $64.02 billion, including fees. Strategy made no Bitcoin purchases or sales during the week ended Oct. 25.\nDuring that period, it repurchased STRC preferred shares for $204.9 million, buying 2,068,459 shares. The filing listed a $4.83 billion designated dollar reserve and $242.4 million in USD Cash after the transactions.\nStrategy reported no share sales through its at-the-market offering program during the week. Its preferred-stock repurchase authorization had $956.8 million remaining, while a separate $1 billion authorization remained available for MSTR common shares. The company reported no common-stock repurchases during the period covered by the Oct. 26 disclosure.\n\n\n\n\n\n                Read more:\n            \n\n                Bitcoin treasuries hold 1.3M BTC as Bitfinex flags funding risk","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2679624651","isCrawlerRequest":true}