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Binance faces $6.3B hack, Intel warns of PC slowdown, Reddit plans login to curb scraping.

Market News
30 Oct 2026, 14:40 WIB
Seeking Alpha
View Source
Bearish
Binance faces $6.3B hack, Intel warns of PC slowdown, Reddit plans login to curb scraping.

Binance reported a $6.3 billion security breach, freezing about $3 billion in assets and suspending withdrawals temporarily while investigating. Intel's Q4 revenue and profit guidance fell short due to a PC market slowdown, causing its shares to drop over 25%. Reddit plans to require user logins to access most content to reduce data scraping, but this may lead to a significant drop in daily active users. These developments have pressured tech stocks, with Nasdaq futures down over 2% premarket.

Intel shares on Pluang have dropped sharply by 25.60% as of Oct 30, 2026 18:43 WIB, trading at USD 68.50, which is closer to its 52-week low of USD 33.62 than its high of USD 140.94. Meanwhile, Reddit shares are down 20.89% at USD 102.60, showing a less severe decline but still significant. The typical hold time on Pluang for Intel is much longer at 116 days compared to Reddit's 28 days, indicating different investor behaviors amid the tech sector pressure.

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