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Balancer Hit by $129M Exploit as Berachain Validators Halt Network for Hard Fork

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CoinGape Newsletter
November 03, 2025

ETF expert Nate Geraci forecasts the launch of the first spot XRP ETF within the coming days. He claims that the launch of spot XRP exchange-traded funds (ETFs) represents the final nail in the coffin of previous anti-crypto regulators, such as Gary Gensler-led Securities and Exchange Commission (SEC).

Balancer Hack: DeFi protocol suffered a major exploit that drained more than $129 million in crypto assets. Multiple chains, including Ethereum, Base, and Berachain, are impacted by the hack that targeted V2 vaults and liquidity pools.

Ethereum price has remained under pressure, but stablecoin activity on its network surged to new highs in October. Ethereum-based stablecoins recorded a massive $2.82 trillion in on-chain trading volume, up 45% from September. This is the largest monthly volume on record. The most traded was USDC where it generated 1.62 trillion.

XRP price struggled to maintain momentum on November 3, hovering around $2.40 as the broader crypto market slipped into a bearish phase. The token fell below the $2.5, indicating investor hesitation during a market-wide selloff that wiped out $395 million in liquidations in leading cryptocurrencies.