Market Pulse - Friday, Oct. 30

Binance hit by a record hack, AI jitters rattle tech

Binance puts the impact at about $6.3B, with roughly $3B frozen. Deposits are normal, withdrawals are paused and expected back within 48 hours. Analysts suspect North Korea’s TraderTraitor group. BTC dipped below $77K and BNB fell about 8%.

Alphabet fell about 12% on weak search ad growth. Amazon (−7%) and Intel (−23%) dropped after hours.

Wall Street: S&P 500 −0.30%, Dow −0.25%, Nasdaq −1.38%. Futures are lower again.

Q3 GDP +3.4%, September PCE 3.6% y/y (core 3.1%). The Fed held at 3.75–4.00% with two dissenters favoring a hike. A December hike is largely priced in.

Asia:

Nikkei −2.47%. The BoJ held at 1.25% (8–1 vote) and said underlying inflation has hit 2%. USD/JPY 157.61.

Kospi −4.76%. 🇹🇼 Taiwan −2.53%. 🇨🇳 Shanghai −0.60%.

Hang Seng +1.71%. 🇦🇺 ASX 200 +0.18%.

EUR/USD 1.1184. The ECB held and Lagarde said a December hike is likely.

Brent $112.34 (+1.39%) on US–Iran and Hormuz risks.

Gold $3,998 (−0.58%).

Bitcoin $78.6K (−2.0%), Ethereum $2,243 (−3.5%).

Today: Eurozone and German Q3 GDP, German CPI, Tokyo CPI.