A well-known trader: The Binance hack incident may mark the last major low before a significant crypto rally.

Crypto KOL 加密无畏 (@cryptobraveHQ) estimates that Binance’s recent hack loss is around $3 billion, and the exchange could recoup the stolen funds in less than a year. Third-party estimates from outlets including Forbes put Binance’s 2024 and 2025 annual revenue at roughly $16–17 billion each. Assuming a 50% profit margin (Coinbase’s latest figure is around 59%), Binance’s annual profit would be approximately $8–8.5 billion, meaning the $3 billion loss equals roughly half a year’s worth of profit. Calculations based on 2025 BNB burn volumes of around $4.4–4.5 billion show the $3 billion loss equals about 8–9 months of BNB burn value.

According to on-chain analyst Ai Yi (@ai_9684xtpa), an address linked to Kanye West began selling ETH in batches six hours after the disclosure of Binance's hack. The address sold 1,390 ETH at an average price of $2,275.6, totaling around $3.163 million, with a loss of approximately $317,000. Currently, the address still holds 19,506.17 ETH as collateral, has borrowed $27.67 million in stablecoins, with a health ratio of 1.31. A liquidation will be triggered if ETH falls to $1,689.59.

Du Jun posted on X, stating: "Family offices I enthusiastically recommended allocating BTC and ETH to in earlier years, after experiencing CEX hacks and cold wallet supply chain security incidents, have mostly converted their BTC to IBIT, while some have even sold their crypto to purchase physical gold and other traditional assets. I don’t know how to advise them anymore—it seems there’s no solution."

According to TradingBeats’ monitoring, calculations based on current market Time-Weighted Average Price (TWAP) orders show that over the next 24 hours, Hyperliquid’s HYPE token is projected to have roughly $5.33 million in buy orders and $1.6 million in sell orders, resulting in a net planned purchase of approximately $3.73 million. Breakdown: Spot HYPE is expected to see about $2.37 million in buys and $143,200 in sells, for a net planned purchase of ~$2.23 million—nearly 60% of the total net buy volume. The contract segment is projected to have a net planned purchase of $1.5 million, with buy orders dominating both segments. Over the next hour, HYPE’s combined spot and contract net planned purchase stands at roughly $901,100, including $767,500 in spot and $133,600 in contracts.

The Pando Rings hacker bought 7,548 $ETH ($16.72M) 2 hours ago.

After today’s security incident at Binance, BNB briefly dropped below $700 and is now trading at $712, marking a roughly 5.2% 24-hour decline. However, most major altcoins saw steeper drops than BNB, with large and mid-cap altcoins under notable pressure. Per HTX market data, SUPER fell ~22.06%, RSR ~21%, PHA ~20.59%, GTC ~19.92%, CVX ~19.87%, IMX ~17.89%, YFI ~15.53%, EIGEN ~15.43%, PYTH ~15.38%, CRV ~15.29%, LDO ~13.97%, W ~13.95%, and ZK ~13.51%.