[LIVE] Crypto News Today, November 3 – Why Is Crypto Crashing Again? BTC Price USD Defends $107K as Balancer Is Being Exploited for Over $70M – Best Crypto to Buy

The crypto market saw a steep sell-off today, leaving traders searching for stability — and for the best crypto to buy during the downturn. The dump, which erased billions from total market value, came as investors reacted to a suspected $70 million DeFi exploit involving Balancer and renewed fears of overleveraged positions across altcoins.

Bitcoin
BTC

$107,199.23


0.51%

and

Ethereum
ETH

$3,694.61


0.99%

 held key support levels, but sentiment across most risk assets turned negative.

EXPLORE: 10+ Next Crypto to 100X In 2025

AI Sector Leads Decline After Last Week Pump And Balancer Exploit Adds Pressure to DeFi Market

The AI-focused crypto sector led losses, sliding 4.8% over the past 24 hours. Virtuals Protocol and ChainOpera AI each dropped more than 10%, erasing last week’s momentum.

Bitcoin stayed relatively stable compared to smaller coins, hovering around $107,500 after briefly dipping to $106,990. Ethereum slipped below $3,800, though analysts say a break above $3,875 could trigger a short squeeze. Liquidity remains heavy on the sell side, keeping traders cautious.

Across other categories, results were mixed. Dash surged over 33% in the PayFi segment, Internet Computer (ICP) jumped 20% among Layer 1s, and zkSync rallied 30% in Layer 2s despite that sector overall dropping nearly 2%. Meme and DeFi tokens stayed weak as traders rotated toward safer positions.

In breaking news, Balancer may have been exploited for roughly $70.9 million in digital assets, according to Nansen. The movement of funds included 6,850 osETH, 6,590 WETH, and 4,260 wstETH to a new wallet flagged by analysts.

While Balancer has yet to confirm an official breach, on-chain experts have called the transfers “highly suspicious.”

The @Balancer has been exploited for $70.6M including funds:

– 6,587.44 $WETH worth $24.46M
– 6,851 $osETH worth $26.87M
– 4,260 $wsETH worth $19.26Mhttps://t.co/p9FyqaWESW pic.twitter.com/JKDJYXaC31

— Onchain Lens (@OnchainLens) November 3, 2025

No exchange inflows have yet been detected, suggesting the attacker has not begun liquidating the stolen funds.

Meanwhile, President Donald Trump commented on Binance founder Changpeng Zhao (CZ) just days after pardoning him, saying, “I don’t know who he is.” Trump claimed the “war on crypto is over,” starting a new debate about U.S. policy toward digital assets and its influence on global markets.

In a 60 Minutes interview, Donald Trump responded to questions about his pardon of Changpeng Zhao (CZ), founder of Binance, saying, “I don’t know who he is,” despite granting the clemency. Trump attributed the pardon to a “witch‑hunt” by the prior administration and emphasized…

— Wu Blockchain (@WuBlockchain) November 3, 2025

Best Crypto to Buy Amid Market Volatility – Did oG Finally Find the Bottom?

Even in red markets, select tokens are showing strength. 0G (0G) climbed 44%, Aster (ASTER) rose 11.9% after Binance founder CZ revealed a $2.5 million personal stake, and Official TRUMP (TRUMP) gained 2.5% in 24 hours and over 25% in the last 7 days.

With Bitcoin defending $107K, volatility remains elevated. Analysts point to strong buy zones between $106K and $108K. Could this sudden dip provide the perfect entry for the best crypto to buy?