Binance Hack Pinned on North Korea’s Lazarus Group by TRM Labs and ZachXBT
Key Takeaways TRM Labs and ZackXBT tied the Binance theft to North Korea’s Tradertraitor unit (part of the Lazarus Group) with high confidence. The attacker still holds over 420,000 ETH and 18,270 BTC, about $2.4 billion beyond issuer freezes. TRM…
London Metal Exchange Tokenizes Reserves to Unlock New Financing
Key Takeaways The London Metal Exchange plans to tokenize its off-warrant metal reserves to secure business financing. The move aims to boost Hong Kong’s digital commodity hub status, aligning with China’s five-year plan. The exchange might become one of the…
Backpack, SK Securities Partner to Offer Korean Equities Trading on Web3 App
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Web3 financial platform Backpack and publicly listed South Korean firm SK Securities announced a partnership Oct. 29 to offer Korean…
Binance Releases First $6.3B Hack Findings, Reports No Key Leak Evidence
Key Takeaways Deposits and withdrawals were suspended during security checks. Binance said about $3 billion had been frozen onchain so far. The company pledged to cover losses with its user protection fund and corporate funds. Initial Findings Point to Possible…
What’s Confirmed and What Isn’t
Key Takeaways Binance suspended withdrawals Oct. 29 as analysts tracked up to $5.8 billion in suspicious transfers. Tether and Circle reported freezing more than $2.3 billion in tokens linked to the Binance incident. Binance has yet to confirm the final…
[Breaking] Binance Hot Wallets Hit by Suspected $5.6B Exploit as Tether and Circle Freeze Billions
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Binance is actively reviewing a potential major security breach after on-chain data revealed abnormal transfers exceeding $5.5 billion across multiple…
Strategy’s $21B Quarter Is Its Biggest Ever as Saylor Sees New Bitcoin Bull Run
Key Takeaways Operating income totaled $20.91 billion; diluted earnings per share were $44.75. Bitcoin holdings reached 848,517 BTC, up 26% year to date. STRC preferred share dividends accrue from Nov. 1; payments begin Nov. 2. Bitcoin Gains Lift Operating Profit…
Coinbase Swings to $719M Q3 Profit as Market Share, Subscribers Grow
Key Takeaways Coinbase reported $719 million in Q3 net profit, reversing two consecutive quarterly losses, though adjusted net income was just $78 million. Coinbase’s crypto trading market share rose to 10.7%, while subscription and services revenue accounted for 49% of…
Binance and Itau File for Crypto Licenses in Brazil as Rivals Exit
Key Takeaways Binance and Itaú filed for crypto licenses ahead of the central bank’s Oct. 30 regulatory deadline. Binance formed a new local entity and temporarily paused some products to comply with national regulations. Strict capital and compliance rules are…
Bitcoin Bulls Eye $95K Price While Options Bears Quietly Load Up
Key Takeaways Bitcoin futures open interest stands at $54.78 billion, rising 1.46% over 24 hours as traders expand their derivatives exposure. Bitcoin options traders favor calls, which account for 59.35% of open interest, with substantial positioning concentrated at $90,000, $95,000,…
