The rout hit publicly traded crypto exchanges and fintech companies, as well as cryptocurrencies like Bitcoin.
Source: [NYT Business](https://www.nytimes.com/2026/10/30/business/binance-hack-crypto-stocks-bitcoin.html)
Disappointing earnings reports from Alphabet, Amazon and Intel are renewing fears that the AI trade could unravel.
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Binance co-founder Changpeng Zhao asked Elon Musk to stop “trolling” after a $6. 3 billion hack, pointing to Binance’s $1 billion-plus SpaceX stake.
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8. 37 billion at the end of September.
The S&P 500 is set for a small loss in October, despite a deeper slide in some of the A. I. stocks that exert a heavy influence on the index.
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