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…
Binance Hackers Deploy ‘Never-Seen-Before’ Crypto Laundering Tactics
Key Takeaways Recurring wallet activity suggests automated laundering of stolen assets. Stolen Binance assets mixed with funds from September’s Bitget theft. Attackers exchanged $325 million in stablecoins for $285 million in ether. Thousands of Transfers Point to Automated Laundering Blockchain…
Binance Prepares to Resume Withdrawals, Unveils $6.3B Hack Recovery Plan
Key Takeaways Binance targeted a phased withdrawal restart, subject to completed security checks. Matching tokens worth $5 billion cover approximately 80% of losses. Binance said partners froze about $3 billion in stolen assets. Withdrawals Face Security Checks Before Phased Restart…
A16z, Uniswap Warn Illinois Crypto Tax Rules Could Effectively Ban DeFi
Key Takeaways A16z, Uniswap Labs, and the DeFi Education Fund warn that Illinois’ proposed crypto tax rules could effectively ban DeFi by requiring decentralized exchanges to act as tax-collecting brokers, despite their inability to comply. The groups oppose requirements to…
Trezor Warns of Compromised Hardware Wallet Following $93M Ledger Security Scare
Key Takeaways Trezor reported a suspected malicious hardware implant in a Safe 5 wallet purchased from former authorized reseller CryptoBilis, potentially exposing users’ recovery phrases. The discovery follows a $93 million Ledger wallet security scandal involving compromised devices distributed through…
Bitcoin Price Rebounds Above $77K, but Binance Hack Keeps Traders on Edge
Key Takeaways Bitcoin fell to $76,320 after Binance disclosed a $6.3 billion hack, triggering widespread panic. Bitcoin’s plunge fueled $1.66 billion in crypto liquidations, with long positions suffering most. Global Settlement Network’s CEO urged stronger custody safeguards after the $6.3…
Coinbase, Bitcoin Giant Strategy Fall as Binance Hack Rocks Crypto Stocks
Key Takeaways Coinbase, Strategy, and other prominent stocks fell Friday as crypto and AI-driven tech selling hit risk assets. Binance said a $6.3 billion breach hit its assets, with about $3 billion frozen and losses to be covered. Strong quarterly…
Binance Secures $6.34B to Cover Losses From Historic Crypto Hack
Key Takeaways Binance committed $6.34B in corporate funds to fully reimburse users after a historic $6B security breach. Industry partners like Tether and Circle froze $3B of the stolen assets to aid law enforcement recovery. The exchange is purchasing remaining…
Binance Hacker Dumps $158M in Alts as Sleuths Question Exchange’s Key Story
Key Takeaways Lookonchain tracked the attacker selling 7.02 million UNI for $39.63 million on Oct. 29 and 30. TRM Labs said wallets on nine non-Ethereum chains moved funds through ordinary signed transfers. Binance’s Nov. 1 proof-of-reserves snapshot will show whether…
Bitcoin ETFs Add $423M in 3 Days as Blackrock Leads
Key Takeaways Bitcoin ETFs added $137.33M on Wednesday, lifting 3-day inflows to about $423.66M. Ether outflows slowed to $21.41M, while Zcash extended its inflow streak to seven sessions. Blackrock still carries most bitcoin demand, leaving the rally dependent on broader…
