Binance Says $6.34 Billion Hack Began With Fake Job Interview Binance’s incident report says the $6.34 billion Oct. 29 theft was a five-month campaign that began with a fake job interview and a poisoned developer tool.
▶Bitcoin Magazine Andrew Hohns: Why Bitcoin Can Fix America’s Debt Spiral Battery Finance’s Andrew Hohns explains why taxes won’t fix the $40T debt, how a Bitcoin reserve defeases it, and why Treasury should pilot BitBonds.
CFTC Opens U.S. Stock Market to Equity Perpetual Futures The CFTC has cleared perpetual futures on individual stocks to trade on dual-registered U.S. exchanges for the first time. This post CFTC Opens U.S.
New Jersey Drops Coinbase Staking Order After Three Years New Jersey’s securities regulator has rescinded its 2023 cease-and-desist order and $5 million penalty against Coinbase’s staking service.
Bitcoin Price Trades Near $77,500 as Midterm Voting Begins Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.
Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push Fifty companies, including Nvidia, Microsoft and JPMorgan, have blocked OKX and ICE from tokenizing their shares under the SEC’s new Innovation Exemption.
Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million Brazil’s largest crypto exchange Mercado Bitcoin says customers suffered no losses, but it has not said how much was taken or when it will reopen.
Binance Reopens Withdrawals as Hack Recovery Enters Second Week Binance has reopened withdrawals after its $6.3 billion North Korea hack, covered 95% of losses, and has reserves for the remaining 5%, with post-mortem reviews to stay open.
▶Bitcoin Magazine Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000 André Dragosch details Bitcoin as a liquidity canary, its $197K model fair value, Fed policy shifts, recession risks, and capital rotation from precious metals.
▶Bitcoin Magazine Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption Adam Back explains why Bitcoin’s third wave—pensions, managed funds, and model portfolios—is still to come, and how Swiss banks are already preparing.
Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.
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