Crypto News Today: US Midterms, Kraken Accounts and Binance Hack

Bitcoin rose 1.06% to $77,468.16 on Nov. 3, 2026, while BNB gained 4.45%, Monero increased 0.89% and Hyperliquid advanced 1.39%. Stellar slipped 0.10% and Solana fell 0.29%. The day’s major crypto developments included prediction-market betting ahead of the US midterm elections, Kraken’s restriction of accounts linked to a suspected European theft, and North Korea’s denial of involvement in a reported $6.3 billion Binance hack.

Prediction markets are favoring Democrats as Americans vote in the US midterm elections, with roughly $1.9 billion in election contracts traded across Kalshi and Polymarket. Kalshi priced a Democratic House victory at 93% and control of the Senate at 75%, while Polymarket listed those outcomes at 94.5% and 75.5%, respectively. A shift in congressional control could influence the crypto industry’s long-awaited regulatory agenda. Kalshi CEO Tarek Mansour noted that a 5% probability does not mean an outcome will not happen, underscoring the uncertainty surrounding election markets.

Kraken also restricted accounts connected to a suspected theft worth more than $133 million from an unidentified European Union entity. Kraken said the incident did not originate on its platform but that some stolen assets may have subsequently moved through customer accounts. The exchange is working with law enforcement to support recovery efforts. Blockchain investigator ZachXBT disclosed an additional $27 million in withdrawals from centralized exchanges, contributing to the increase from the $106 million he previously reported.

North Korea has denied involvement in the reported $6.3 billion Binance hack. Binance co-CEO Richard Teng responded on X that the incident was not “one mistake or one breach,” describing it instead as a months-long campaign. The alleged attack, the Kraken-linked asset movements and the election-driven market activity remain the leading stories shaping crypto sentiment and the industry’s regulatory debate.