Michael Saylor: Concerns About Bitcoin Strategy Sell-off Are Baseless, Will Continue Buying

When US President Trump was asked whether he would consider launching another military strike against Iran after the midterm elections, he explicitly said no. Iran requested the US to stop targeting its leaders, and the US agreed. "We have fought wars with Iran and won. This regarding Iran is not a war. We barely fought, and things are going smoothly, which is why oil prices are falling."

US Vice President Vance said the United States has held multiple productive talks with Iran, making some progress in the negotiations and will assess whether further breakthroughs can be achieved. Vance revealed that he discussed the Iran issue with U.S. President Trump about an hour ago. At present, the U.S. has not set a deadline for resuming military strikes against Iran.

When asked whether he would consider launching another military strike against Iran after the midterm elections, US President Donald Trump explicitly said he would not. Iran requested the US to cease targeting its leaders, and the US agreed. “We’ve fought Iran, we won. This (about Iran) is not a war. We hardly fought. Things are going well, which is why oil prices are down,” he stated.

Onchain Lens reports that Brazilian crypto exchange Mercado Bitcoin was hacked, with $46.5 million in stolen crypto traced to the hacker’s addresses. The hacker currently holds the funds across 46 addresses, including 3,680 ETH, 106 BTC, and $8 million in stablecoins.

According to Bloomberg, after Binance suffered a record $630 million hack, the crypto exchange has increased incentives for some market makers trading on its platform to boost trading activity. People familiar with the matter said that shortly after last week’s security breach, the firm reached out to smaller trading firms, offering higher rebates in spot and futures markets. Per its website, Binance categorizes market makers into different tiers based on the liquidity they provide. Firms contributing a larger share of trading volume qualify for higher tiers, which typically come with larger rebates to lower their transaction costs. Under the one-week promotion, Tiers 2 and 3 market makers will receive the same rebate rates as Tier 4 participants, the platform’s highest tier, the sources added. The changes are designed to give smaller liquidity providers stronger financial incentives to quote on the exchange and maintain deeper order books, the sources noted. A Binance spokesperson said the exchange’s latest post-breach moves help calm the market, adding: “As we prioritize clear communication, we took immediate steps to preserve our core strength: liquidity.” Market makers play a critical role by continuously providing bid and ask quotes; the liquidity they supply allows other investors to trade without triggering sharp price swings. According to Talos, within 24 hours of the hack, Bitcoin order book depth on Binance dropped roughly 30%, with depth within a 1% price range falling from $45 million to $32 million. Market depth measures how much trading volume can be absorbed without causing significant price volatility.

Hyperliquid’s second AQAv2 reserve revenue distribution is scheduled for November 3, totaling approximately 15.3 million USDC, which may provide the Assistance Fund with new "ammunition" for HYPE repurchases.