CoinDesk

Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.

Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC.

A $6.3 billion Binance hack adds to crypto jitters, while weak earnings outlooks and mounting concerns over AI spending push QQQ down more than 2%.

The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.

Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.

A set of fixes would tighten who can hold permissioned tokens on the network. The XRP Ledger Foundation says no users were affected.

CoinDCX has restricted new futures positions after Binance’s security incident disrupted a key liquidity provider. Deposits, withdrawals and customer funds remain unaffected, the exchange said.

All 18,270 coins sit in 19 wallets, 17 of them holding exactly 1,000 BTC each, and none has moved since Thursday night, a CoinDesk trace of the blockchain shows.

Bitcoin and ether slid after a suspected $6.3 billion Binance security breach and a Polymarket exploit. Standard Chartered says crypto prices may remain under pressure before finding a base.

The withdrawals suggest the fallout from the multibillion-dollar breach is spreading beyond Binance.

Security researchers suggested that the hermit kingdom’s Lazarus Group was behind Thursday’s nearly $6 billion hack of the world’s largest crypto exchange.

Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.

Crypto prices are sliding on the news, with bitcoin falling back to $79,000.

Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained.

The billionaire investor disclosed an investment in Trade[XYZ] as the platform teams up with the NYSE’s parent company. His family office previously reported owning shares in a HYPE-focused treasury company.

The exchange is closing accounts in both countries after MEXC and Bitget announced similar moves earlier this month.

The two networks are setting aside their rivalry to connect Solana’s stablecoin activity with Polygon’s banking, wallet and payment infrastructure.

The former Huobi exchange has stopped accepting deposits from British customers and agreed not to target them with crypto promotions.

Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.

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SIX Swiss Exchange confirms international access, while FINMA explains why it approved the fund and whether ether and solana ETFs could follow.

The service uses perpetual futures quotes to update reference prices when traditional markets close.

Alice & Bob’s new model reduces the hardware required for a potential attack, bringing it closer to reality and increasing pressure to adopt quantum-resistant security sooner.

Five more companies have objected, bringing the total to 38 as a rival Canton venue prepares to launch with an issuer-sponsored stock under the SEC’s innovation exemption.

None of the numbers most commonly used to assess tokenized assets answer the question a chief investment officer would ask about those assets on her own balance sheet: what is it doing for me?

The venue, called TSV LLC, plans to start trading shares Canton Strategic Holdings shares as early as Monday, using issuer-sponsored tokenization that avoids the 30-day company objection window.

Russian nationals Ilya Boykov and Vitold Obertas allegedly converted about $3.5 million and nearly $2 million in crypto, respectively, for North Korea.

Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.

The planned ICE[XYZ] venue would offer 24/7 perpetual futures on stocks, commodities and crypto, pending CFTC approval. ICE is investing in Trade[XYZ].

HOOD fell 3.3% on Wednesday, broadening its one-month decline to more than 23%.