OpenAI cuts its fundraising target by $10 billion to $20 billion and lowers its valuation to $1.25 trillion amid a technology stock selloff.

Whale Alert flagged a transfer of 120,000,000 TRX worth 39,210,232 USD from the Binance Hack 2026 to an unknown wallet. The movement of stolen funds underscores traceability challenges. No additional details were disclosed.

President Donald Trump said on October 30 that the U.S. is still investigating whether North Korea was responsible for Binance's reported $6.3 billion crypto theft. Trump said Binance claimed it would recover the funds and had the situation largely under control, adding that the outcome remains to be seen. He also said digital money carries risk because people no longer see their money physically.

Gold prices fell sharply in October as rising crude oil prices fueled inflation concerns and expectations that US interest rates would remain elevated.

Ethereum block builder Titan Builder briefly topped the DeFiLlama 24-hour protocol revenue ranking at $22.83 million, surpassing Tether. Cofounder 0xngmi said Titan generated about $24.7 million in fees in the same period, an unusually high figure initially flagged and blocked as a data error, and tied the MEV surge to arbitrage from hacker related market disruptions and panic.

Blackstone told investors in a $63 billion chip financing deal that Anthropic may get a BB-range speculative grade rating after its IPO, the Financial Times reported. A junk rating could raise financing costs and shrink demand from insurers and pension funds. Anthropic plans over $800 billion in compute infrastructure by 2045. No official rating has been assigned.

OpenAI has lowered the amount it aims to raise in its latest funding round to about $20 billion, a $10 billion reduction, the Financial Times reported Friday, citing people familiar with the matter. The company also cut the desired valuation to $1.25 trillion from $1.4 trillion, according to the report. Investors were given until Friday to commit funds. The FT said the initial close is expected to bring in less than $20 billion because some investors reduced allocations. OpenAI did not immediately respond to a request for comment. A consortium of UAE investors, including state-backed technology fund MGX, is expected to contribute the largest amount to the round. Under the arrangement, OpenAI could obtain an option to lease computing capacity newly developed in the region, according to the report. Founders Fund, Coatue, Sequoia Capital and Andreessen Horowitz are also expected to invest. A later retail offering could give wealthy individuals another chance to invest at a $1.25 trillion valuation. Last week, the FT reported that OpenAI was seeking about $30 billion in fresh capital at a valuation of around $1.25 trillion. That valuation would be nearly 50% above the current OpenAI valuation of $852 billion, though still below the $1.4 trillion previously discussed with potential investors. OpenAI is scaling back fundraising ambitions while expanding AI infrastructure and competing with rivals. The reduction comes as technology stocks sell off broadly and investors grow more concerned about heavy AI infrastructure spending. The Nasdaq Composite fell about 2.9% on Friday and is 7.8% below the record closing level reached on October 6. Reuters reported that OpenAI is pursuing a possible stock market listing in 2027. It also reported that OpenAI wants to complete fundraising before the anticipated IPO of rival Anthropic, because both companies are seeking investment from a similar investor base. Reports in August put the annualized revenue run rate at OpenAI above $40 billion, nearly twice the level at the end of 2025. OpenAI President Greg Brockman said the annualized revenue run rate rose more than 20% in July alone.

Binance co-founder He Yi (@heyibinance) said on October 30, 2026, that the exchange had suffered a cyberattack affecting about $6.3 billion in assets, with roughly $3 billion frozen with help from industry participants. Binance is rebuilding its security environment and reviewing its wallets, and withdrawals are expected to resume within 42 hours. The company will cover the stolen assets with its own funds, with only a small portion requiring purchases on the market. He Yi described the incident as a complex, multivector attack and said Binance would publish a technical security audit report and work with law enforcement agencies worldwide to track down the hackers and trace the funds.

Documents show Anthropic's monthly revenue growth slowed from 88% in February to 4% in September. The company disclosed more than $650 billion in partnership deals, with some estimates putting the total near $1 trillion.