Bitcoin
Affairs
 
No. 159  ·  2 Nov 2026
 
MARKET SNAPSHOT
BTC / USD
$77,960
  24H CHANGE
+0.3%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-37.5%
◎
NEWS
4 STORIES TODAY

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Bitcoin ETF exodus erases most 2026 inflows after post-hack confidence shock
U.S.-listed spot bitcoin ETFs logged $643.3 million of net outflows on Friday, the biggest one-day redemption since June 25, cutting the category's 2026 net inflow down to barely above $1 billion. BlackRock's IBIT and Fidelity's FBTC led the withdrawals, underscoring how quickly institutional sentiment softened after last week's security shock.
ETF  Macro
BTCPay urges merchants to shut servers amid hot-wallet drain reports
BTCPay Server told operators to shut down their instances while it investigates reports that attackers swept bitcoin from merchants' hot wallets. Early indications pointed to older releases rather than the project's own latest public servers, but no fix or loss tally had been published.
On-chain
Crypto PACs make late Republican bet as U.S. midterms near
Industry super PACs spent roughly $170 million on the 2026 congressional cycle, with much of the late money flowing to Republican candidates or against Democrats. The outcome matters for crypto because control of Congress will shape the odds of further market-structure, tax and oversight fights in 2027.
Regulation  Macro
South Korea orders emergency crypto exchange security checks after global breach
South Korea's Financial Services Commission convened an emergency meeting with local exchanges after the Binance theft to review access controls, wallet approval systems and admin privileges. Officials urged higher cold-wallet ratios, constant deposit and withdrawal monitoring, faster abnormal-access reporting and added reserves.
Regulation
≡
COMMENTARY
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Ted
@TedPillows
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Big Week For Crypto Holders 🚨

▫️ 2nd November: US market opens after Friday's bloodbath, ISM Manufacturing PMI, and Apple earnings.

▫️ 3rd November: US midterm elections, JOLTs job openings, AMD earnings

▫️ 4th November: Eurozone Inflation, Possible US Strikes on Iran

▫️ 5th November: US Jobless claims, EU PPI data

▫️ 6th November: US unemployment rate data, Non-farm payrolls

This week, we have elections, job data, and big tech earnings.

The most important one is obviously elections, so be prepared for another volatile week.
 
 
 
27 reposts    70 replies    408 likes
Cointelegraph
@Cointelegraph
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🚨 JUST IN: BTCPay Server urges users to shut down their instances after reports that attackers swept hot wallets on its servers. https://t.co/rSS73HsyJW
 
 
 
 
62 reposts    84 replies    411 likes
Bitcoin News
@BitcoinNewsCom
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🇧🇹 Bhutan once held about 13,000 BTC, nearly twice as much as 🇸🇻 El Salvador

Now, trackers show only 518 BTC.

Here's how much Bitcoin governments hold worldwide. https://t.co/HVBWVnGToO
 
 
 
 
8 reposts    23 replies    62 likes
Crypto Rover
@cryptorover
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🚨 BITCOIN SELLERS ARE EXTREMELY EXHAUSTED!

You already know what that means, right? https://t.co/kfzI2Y3Fk3
 
 
 
 
36 reposts    97 replies    416 likes
Tucker Carlson
@TuckerCarlson
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Under pressure from Israeli prime minister Benjamin Netanyahu, the Trump administration may be within days of launching a nuclear strike on Iran. The target would be Pickax Mountain in central Iran, where Israeli intelligence claims the Iranian government has restarted its nuclear enrichment program. No conventional weapon in the American arsenal can penetrate 300 feet of solid granite to destroy the tunnels where enrichment is supposedly taking place. The only military option is a nuclear strike. Netanyahu has been pushing hard for one. “Bibi calls Trump about it every day,” says an informed observer.

Netanyahu is cornered and desperate. After last week’s election results, he can’t form a government unless Trump intervenes directly in Israeli politics and brokers a deal with other parties that gives Netanyahu 61 seats in the Knesset. Otherwise, he is out as prime minister and on his way to ignominy, investigations and possibly jail. Netanyahu must stay close to Trump. He needs this war.

To that end, he’s applied maximum pressure to his closest allies in the administration, including Secretary of Defense Pete Hegseth and CENTCOM commander Brad Cooper. Both oppose a negotiated settlement to the war they’ve so grievously mismanaged; both are pushing to restart major combat operations. Secretary of State Marco Rubio and CIA director John Ratcliffe are also following Netanyahu’s lead, as are leaders of the Democratic Party. In a recent meeting on the subject, former president Barack Obama said he opposes the current Iran peace deal being drafted in Doha.

The rest of America’s longtime allies in the Middle East are terrified by the prospect of more war. On September 27th, Netanyahu flew secretly to Abu Dhabi to enlist the UAE in his lobbying effort for a final attack on Iran. The Emiratis refused. After eight months of conflict, Gulf economies are teetering. So are global energy and fertilizer markets. They won’t recover soon. Globally, there are a total of about 850 supertankers used to transport oil from producers to the rest of the world. In October alone, 11 of them were badly damaged in Hormuz. At this pace, a global depression is imminent. A nuclear strike would radically accelerate the destruction. Fallout from a ground explosion at Pickax Mountain would contaminate the Persian Gulf, poisoning the water supply for 100 million people.

And those are just some of the immediate consequences for the region. The rest of the world is every bit as exposed. No country other than the United States has ever used a nuclear weapon in war. Some would like to. An American nuclear attack on Iran would set a new precedent. The Russians have already told at least two other governments that an American nuclear strike on Iran would free them to use nuclear weapons against Ukraine. Pakistan and India would be tempted to do the same against each other, as would North Korea against Seoul. After the first nuclear strike, World War Three is inevitable. That war would be short and final.

We’ve been sleepwalking toward this moment for months. Since February, the administration has quietly rewritten America’s nuclear doctrine to make first use of so-called “battlefield nukes” easier and therefore more likely. No one in Washington in either party seems bothered by this. Now we’re on the brink of it.

Close observers say Trump is likely to decide by next weekend whether or not to use nuclear weapons. That would be November 7, six days from now. To his credit, he’s hesitating. At the moment, Trump is listening to his vice president, JD Vance, and to his envoy and friend Steve Witkoff, both of whom argue a deal with Iran can be made.

They’re right, though it won’t be simple. The Iranians are famously frustrating to negotiate with under any circumstances, and elements of that government have become more radical since Ayatollah Ali Khamenei and his family were killed in February. After decades of isolation, even relatively moderate Iranian leaders seem confused by how decisions are made in the West. (There is a widespread belief in Tehran, for example, that the United States government controls Israel.) But overall, people who have spoken to decision-makers in Iran say there is consensus there that more war is bad for everyone and a deal is worth making.

One group that hasn’t been consulted so far is the global population — the hundreds of millions of people who will be killed along with their children if Trump is pushed by Netanyahu into launching a nuclear strike next week. Now would be the time for them to speak up.
 
 
 
47.7K reposts    16.9K replies    255.8K likes
The Kobeissi Letter
@KobeissiLetter
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BREAKING: US oil prices drop below $100/barrel after US Secretary of State Marco Rubio says that President Trump prefers not to use military force and would like to resolve the Iran War “diplomatically.” https://t.co/DsjSh8Xwtw
 
 
 
 
262 reposts    188 replies    2.4K likes