Friday 30 October 2026
Top stories today:
Binance investigating ~$6.3B hack potentially linked to stafferās laptop
Alphabet shares -12%, wiping out record $500B on AI spending fears
Amazon Q3 revenue +12% YoY to $201.9B, net income -2%
NVIDIA chief Jensen Huang seen as target of Chinese spy plot
DoorDash agrees to acquire Instacart for ~$17B at $65 per share
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations)
1. Binance investigating ~$6.3B hack potentially linked to compromised DevOps laptop
45 hours is the expected timeframe for withdrawals to resume.
Binance initially suspended deposits and withdrawals but has since restored deposits.
Tether froze 1.5B+ USDT, while Circle froze 800M+ USDC following the hack.
TRM Labs attributed the hack to North Koreaās TraderTraitor group with high confidence.
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3. Alphabet shares -12%, wiping out record $500B amid AI spending fears
AI Mode could disrupt traditional search and pressure its core ad business, Alphabet acknowledged.
The wipeout is the second-largest in stock market history, behind NVIDIAās $593B rout in Jan. 2025.
Alphabet also disclosed $1T+ in future obligations, with contingent commitments up ~$23B QoQ to $98.5B.
Nasdaq -1.4%, dragged down by Alphabetās selloff.
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5. Amazon Q3 revenue +12% YoY to $201.9B, vs. $202.1B est., net income -2%
+61% YoY in operating income to $28.1B.
Ad revenue +11% to $19.6B, while subscription services revenue +11% to $14.0B.
Amazon spent $77B+ on property and equipment in Q3, with free cash flow at $42.4B.
AWS revenue +39% YoY to $46.0B, vs. $45.3B est.
+55% in AWS operating income to $17.8B, vs. $17.0B est.
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7. NVIDIA chief Jensen Huang said to be target of Chinese spy plot
Alice Huang, also known as Huang Le, was photographed with Jensen Huang at business dinners and parties in Taiwan and Singapore:
Megaspeed executive Alice Huang allegedly passed intelligence to Beijing, raising concerns she may have targeted NVIDIA.
Trump was reportedly briefed but took no action.
NVIDIA denied any improper relationship, saying Huangās ties to its CEO were no different from those of other regional customers.
