Binance Hack Jolts Bitcoin Treasury Firm Into Weighing BTC Sales – Bitcoin News
Key Takeaways Next Technology authorized sales or pledges involving approximately 5,833 bitcoin on Oct. 30. Binance’s security incident prompted Next Technology to reconsider its cryptocurrency exposure. Next Technology cited hacking threats and quantum computing risks, but disclosed no completed bitcoin…
Bitcoin ETFs Lose $643M After Binance Hack Ends 4-Day Inflow Run
Key Takeaways Bitcoin exchange-traded funds (ETFs) lost $643.33M on Friday, erasing four days of inflows and turning the week negative. Ether lost $155.85M, and solana lost $10.74M as the Binance breach deepened crypto risk aversion. Friday’s high-volume selloff shows security…
Binance Says BTC, ETH, XRP and 7 Other Cryptos Fully Backed After Hack
Key Takeaways Less liquid tokens account for the outstanding 10% of stolen assets. Company funds and emergency reserves support the replenishment effort. Withdrawals remain targeted for Sunday, Nov. 1, Binance said. 10 Cryptos Fully Backed as Binance Narrows Shortfall Binance…
From Nine Pages to Wall Street and Washington
Key Takeaways Bitcoin’s white paper turns 18 on Oct. 31, after growing from peer-to-peer cash into a global asset. Blackrock funds and government reserves show how deeply bitcoin has entered mainstream finance. Long-term security now hinges on whether transaction fees…
Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
Uber Tests Weekend Trading In Tokenized Market Fund Investments Companies are turning to blockchain and tokenized assets to boost profits by taking advantage of 24/7 trading. Uber, a public ride-hailing app with a market capitalization of over $130 billion, has…
Wall Street Downplays Binance Hack as Bitwise Sees ‘Recovery In a Week’
Key Takeaways Bitwise CIO Matt Hougan believes bitcoin’s price will recover within a week following the $6.3B Binance hack. TD Cowen, Cantor Fitzgerald and Compass Point called the Oct. 30 crypto stock selloff a buying chance. Several analysts are closely…
Binance Starts Shopping for Stolen Coins as Ethena Ships $24M in ENA
Key Takeaways Lookonchain tracked 128.63M ENA, worth about $24M, moving from Ethena-labeled wallets to Binance on Oct. 31. Binance says it already holds $5B of the $6.3B in stolen assets and is buying the remaining 20%. Reserve Protocol expects Binance…
Israel Extradites Suspect to US Over $2.8M Crypto Hack
Key Takeaways U.S. extradited Alexander Block from Israel on Oct. 29 over a $2.8M Nomad crypto bridge hack. Israel’s Supreme Court ruled that exploiting code flaws constitutes intrusion on transparent blockchains. Block faces eight federal charges in California, setting a…
Australia Casts Doubt on Retail Prediction Markets, Calls Them Bets
Key Takeaways ASIC said it is “not currently convinced” retail prediction markets are in the public interest. ASIC likened event contracts to binary options, which were banned for retail clients in 2021 and since extended to 2031. Polymarket has been…
Blockchain Revenues Plunge 30%, but a New Growth Engine Emerges
Key Takeaways DeFi generated $65 billion in 2026, accounting for roughly two-thirds of total blockchain revenues. Robinhood Chain’s tokenized stock volume topped $13 billion in Q3, signaling growing RWA adoption. Nasdaq’s 23-hour trading plans could accelerate institutional blockchain adoption in…
