Binance Recovers from Hack, ETF Outflows, and Arbitrum Growth

On Friday, October 30, 2026, US-listed spot Bitcoin ETFs experienced net outflows of $643.3 million, marking the largest daily outflow since June 25 and erasing 63.6% of their year-to-date net inflows. Spot Ethereum ETFs also recorded weekly net outflows of $432 million, with $156 million on Friday. These outflows indicate a cautious institutional reaction to the Binance hack, with investors de-risking their positions.

BTCPay Server, an open-source Bitcoin payment processor, has issued an urgent warning for operators to shut down their instances due to reports of unauthorized withdrawals from hot wallets. The attacks primarily target installations running version 2.4.1 or earlier, while the latest version, 2.4.7, appears unaffected. The project has not disclosed details on losses or the attack mechanism, highlighting the severity of the situation.

Arbitrum (ARB) recorded a $5.1 billion increase in stablecoin transfer volume over seven days, leading all other chains during this period. This surge coincides with the Arbitrum Foundation's Stablecoin Growth Program, launched on October 15, 2026, which incentivizes protocols to adopt $USDG as their primary stablecoin on Arbitrum One. The rise suggests increasing activity and liquidity on the Ethereum layer 2 network.

A crypto whale acquired 27,553 ETH for $62.97 million over the past five hours, at an average price of approximately $2,286. The same address previously bought 16,658 ETH for $37.96 million USDC. This significant accumulation by a single entity indicates strong conviction in Ethereum's value at current price levels and can influence short-term demand.

Brazil's crypto licensing deadline has passed, with only about 40 firms identified, well below the expected 150 to 200 applicants. Smaller crypto platforms have struggled with new capital, custody, auditing, and compliance requirements, prompting some operators to withdraw from the market. Companies that missed the deadline have 30 days to wind down operations.

Scroll has rolled out a position holding inquiry tool to assist users in navigating the upcoming network transition. Users can leverage it to review their token and DeFi holdings and must manually close or manage their DeFi positions ahead of the transition. The official bridge will continue to facilitate transfers between Scroll and Ethereum, with the exact transition date yet to be finalized.