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← ArchiveDaily BriefingGenerated 06:00 UTC

Sunday, 1 November 2026 · No. 213

North Korea drains $6.3 billion from Binance as exchange taps reserves.

Lead story · bitcoin — Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack (Guardian)

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The Lead

North Korea’s $6.3 billion Binance theft, now 90 percent covered by the exchange itself, exposes how state actors treat major platforms as direct funding sources rather than peripheral risks.

The contradiction sits in the macro backdrop: energy-driven inflation and renewed rate-hike calls from Fed officials are tightening conditions, yet Bitcoin’s exchange outflows and MVRV buffer have so far absorbed the pressure without forcing inflows or capitulation. No clean answer exists on whether sustained oil-price volatility and sanctions-evasion demand will eventually offset or amplify that tightening.

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The Fear & Greed index over 90 days: 30, fear.
The Fear & Greed index over 90 days: 30, fear.
Sentiment is the one input on this page that measures the other participants rather than the asset.

The next test is whether flows stay net negative once the initial shock fades.

Monday · The price of money

The 10-year real yield is 2.67%.

Holding cash beats holding nothing again: money has a positive real return, which is the environment every long-duration asset has to argue against. Bitcoin has spent 23% of its life in the opposite regime.

10Y REAL YIELD
2.67%
DAYS NEGATIVE
1,397
SHARE OF HISTORY
23.5%
SINCE
2010-07-18

Data as of 2026-10-28 · Real Yields → · Free with an account

Instruments for this story

Go deeper

  • The Rate Machine

    Vienna School · Background to Real Yields

    Setting rates is herding, not dialling

  • Time Preference

    Vienna School · Background to Real Yields

    Capital, interest, and the structure of production

The Wire

Sources (25)

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