School of Boganster · Weekly
Issue #9 · Week ending Sunday 1 November 2026
Two Mondays got away from us — the Bulletin's internet carked it harder than a servo pie, so this one covers a full fortnight: Monday 19 October through Sunday 1 November. There's a genuinely massive story in the middle of it, so settle in.
Bitcoin opened the fortnight right where issue #8 left it, around $81,960, and immediately started sliding — Ethereum ducked under $2,300 and Bitcoin itself fell below $80,000 by Saturday 25 October as risk appetite went missing in action. Total market cap slipped to about $2.62 trillion, Bitcoin dominance sat near 59.2%. Then a bounce attempt into the second week: US spot Bitcoin ETFs actually took money back in — $110 million Monday 26th, $176 million Tuesday 27th — and Bitcoin clawed back to about $81,220 by Wednesday 28 October, the day the Fed handed down its rate call.
The Fed held the cash rate at 3.75%–4.00% in a 10–2 vote, and here's the twist: the two dissenters — Governor Lisa Cook and Cleveland Fed boss Beth Hammack — wanted a hike, not a cut, reckoning inflation's still too hot. Markets shrugged. Bitcoin barely moved on the news itself. Then Thursday 29 October happened.
In the space of a few hours that Thursday evening, someone pulled off the biggest crypto heist in history: roughly $6.3–6.4 billion in assets — about $3.8B in ETH, 18,270 BTC (~$1.5B), plus chunks of TRON, XRP and Solana — vanished out of Binance across ten different blockchains. Tether and Circle froze what they could within the hour (about $3 billion of it), but roughly $1.8 billion walked straight out the door and hasn't been seen since. The FBI and TRM Labs both pointed at North Korea's TraderTraitor/Lazarus crew — the same mob Chainalysis blamed for the Bitget job back in issue #7. Bitcoin fell below $80,000 again on the news and bottomed around $76,141 on Friday 30th, while US spot Bitcoin ETFs saw $643 million walk out the door that same day — the biggest single-day outflow since June. Binance halted trading and withdrawals, swore it'd cover every cent of user losses from its own treasury and insurance funds, and by 31 October said it had already replenished 90% of what was taken, with ETH, USDT and USDC withdrawals back open from 1 November. Credit where it's due — that's a genuinely fast clean-up for a six-billion-dollar hole. But the bigger point hasn't moved an inch: Chapter 1, every single week — get your coins onto a Ledger. An exchange balance is a number on someone else's spreadsheet, not your crypto.
Seven-day moves for the week of 26 October to 1 November, per AMBCrypto's weekend snapshot. The front half of the fortnight (19–25 October) was just as scrappy — Bitway, Aerodrome and Filecoin were that week's biggest fallers, while MemeCore and Pepe led the bounce attempts. Same names keep turning up on both sides of this newsletter, which should tell you something.
| # | Coin | Move | Poida's take |
|---|---|---|---|
| 1 | HYPE (Hyperliquid) | +15% | Intercontinental Exchange — yeah, the mob that owns the actual New York Stock Exchange — teamed up with Trade[XYZ] to bring regulated, round-the-clock perpetual futures to the US using Hyperliquid's own infrastructure. When Wall Street's plumbing starts running on your chain, that's not hype, that's HYPE. Still speculative as anything, mind. |
| 2 | PEPE | +15% | Wallets linked to Justin Sun were reportedly sitting on about $51 million of frog coin after ten days of quiet buying, with open interest topping $400 million. Whale accumulation isn't a reason, it's a rumour with a balance sheet. Chapter 3 still applies. |
| 3 | QNT (Quant) | +10.5% | Clawed back above $200 on buyers simply turning up again — no fresh news, just demand. Sometimes the story really is that boring. |
| 4 | AIN (Infinity Ground) | +636% | Up six hundred and thirty-six per cent and I cannot find one syllable of news explaining why. Same warning as every issue: when nobody can tell you why it went up, nobody can tell you when it stops. |
| 5 | IDOL (MEET48) | +150% | Same deal — a 150% pump with no story attached that I could find anywhere. Chapter 3. Two per cent. Every single time. |
Same window, same source — and this week's losers list reads like a greatest-hits of issue #8's winners. Stops, people (Chapter 4):
| # | Coin | Move | Poida's take |
|---|---|---|---|
| 1 | Q (Quack AI) | −60% | Issue #8's #1 winner — up 307% that week on a mystery pump I flagged in the very same sentence as a warning. It's now down 60% in a week. This is the whole newsletter in one line, folks. |
| 2 | AKE (Akedo) | −70% | Issue #8's #2 winner (+23.79% — "a bounce off the floor," I said at the time). The floor just gave way. Down 70%. Two for two. |
| 3 | BTW (Bitway) | −35% | Issue #8's #3 winner at +11.78%. Also logged its first-ever bearish week in this fortnight's front half, sliding from $2.43 to $1.76. Three different ways of saying the same thing: a coin that pumps on no news dumps on no news too. |
| 4 | WLD (Worldcoin) | −15% | A long-dormant, institutional-looking wallet moved about 19.7 million WLD (~$10 million) onto exchanges after sitting still for ages. Old money waking up and heading for the exit is never a great look. |
| 5 | RAIN | −25% | Oversold on the charts (RSI 27) and sold anyway. No fresh news needed when the whole market's in risk-off mode. |
Not tips. Not targets. Just three established, heavily-used networks trading a long way below their old highs. Same three as every issue since #7 — and two of them just logged their worst month in a while, which is exactly why the rule says what it says. Do your own research, size by the 2% rule, and remember: cheap can always get cheaper.
About 54% below its all-time high of $4,946 (August 2025), up from 51% below in issue #8. The Glamsterdam upgrade went live on the Hoodi testnet on 26 October as flagged last issue, lifting the per-block gas limit from 60 million to 200 million — still no mainnet date. Staking keeps climbing: as of early October, 43.7 million ETH was staked (35.8% of supply) across 868,121 validators, and DeFi on Ethereum still carries about $44 billion in deposits with over $140 billion in stablecoins sitting on the network. The honest counterpoint: none of that is showing up in the price yet. The network keeps getting upgraded; the chart keeps going the other way.
About 68% below its all-time high of $293 (January 2025), down from ~$105 in issue #8. SOL fell 19.3% in October — its fifth straight losing week — and touched a 30-day low of $92 before closing out around $95.48. The Alpenglow upgrade, due this issue per #8's watchlist, actually landed on 21 October and cut transaction finality from 12.8 seconds down to roughly 150 milliseconds — genuinely one of the bigger technical wins any of these three networks has had all year. The price has fallen about 11% since launch day anyway. US spot Solana ETFs saw about $71.5 million of net outflows over the week, their worst week since launch, with whales shifting $111 million onto Coinbase's institutional desk on the 31st. Faster blocks, fewer buyers.
About 78% below its all-time high near $52.70, down from ~$12.01 in issue #8. Chainlink fell 18.7% in October — its third straight losing month — touching a late-month low of $10.28. On the building side: Hanwha Investment & Securities, a major South Korean financial group, adopted Chainlink's data standard and CCIP as the backbone for its real-world-asset tokenisation platform (29 October), and Chainlink launched "Chainlink 24/7" so price feeds for tokenised assets don't go dark on weekends and holidays — Aave's already using it. Same old story though: real partnerships keep landing, and the token keeps falling anyway. A watchlist entry, not a conclusion.
Market data: CoinGecko — prices, seven-day moves, all-time highs, market cap and dominance · Alternative.me — Crypto Fear & Greed Index. News & context: Wikipedia — 2026 Binance hack (amounts, timeline, attribution, Binance's response) · Forex Crunch — Fed holds rates at 3.75%-4%, two dissents back a hike · CryptoTicker — Fed rate pause, dissent for a hike · Incrypted — Fed left rates unchanged, Bitcoin fell below $80,000 · The Motley Fool — crypto market today, Oct 28 · 24/7 Wall St — Bitcoin price prediction for November 2026 · OneBullEx — Bitcoin below $80K as Fear Index hits 37 on November 1. Winners & losers: AMBCrypto — weekly winners and losers, 1 November · AMBCrypto — weekly winners and losers, 25 October. Value Shelf: CoinCentral — five best altcoins for November: Ethereum, Solana, Chainlink · CoinCentral — Solana trades near $95 as spot ETF outflows hit record weekly high · CoinCentral — Ethereum staking statistics 2026 · CryptoNews — Chainlink price prediction, November 2026. Prices are snapshots and move constantly.
Want the full toolkit behind this newsletter?
The School of Boganster course takes you from first wallet to trading discipline — A$39/month or A$398/year.
Start the course →Or catch up on every past issue in the Bulletin archive.