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TradingGain Newsroom··30 Oct 2026, 17:00 UTCThe funding rate on WLD perpetual futures is −0.083% per 8 hours, which means short traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp move higher (short squeeze).
Coinbase reported a $719 million profit, and its gap between stablecoin revenue and holder-rewards expense fell 16.6% in Q3. That gap figure leaves out other costs and income, so it does not show the full picture. For traders, it is a sign of how much Coinbase depends on stablecoin income.
Bitcoin fell 4.82% in 24 hours to $76,850, and most major coins fell with it, with only 54 of 369 tracked coins up. The most likely trigger is the Binance hack, which reports put at about $6.3 billion, with crypto prices sliding and crypto-linked stocks dropping. The Fear & Greed index fell to 30 (Fear) from 51 yesterday, showing traders are more cautious.
Texas brothers Raymond and Isiah Garcia have each been sentenced to 15 years in prison. They held a Minnesota family at gunpoint for over nine hours and forced the father to transfer more than $8 million in crypto. The case is one of the clearest wrench attack prosecutions so far.
Binance says it has set aside $6.34 billion to cover losses from a security breach. The FBI and Secret Service are now helping the exchange trace the stolen funds, and Circle has frozen $823 million. The response may matter to traders who are weighing how safe large crypto exchanges are.
Shares of crypto-linked companies, including Circle and Strategy, fell sharply on Friday. The drop came one day after Binance disclosed a $6.3 billion security breach. Traders may watch this closely as a sign of how security risks at major crypto platforms can spread to related stocks.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
