Binance confirms full coverage of losses exceeding $1B from recent security incident. Founder CZ stated they will cover all losses, estimated to be slightly over $1B. This represents ~0.69% of Binance's ~$144B in custody. Lookonchain reports stolen assets may have surpassed $5.8B, with $2.41B (incl. $1.58B USDT, $823M USDC) currently frozen.
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Binance hot wallet hacker borrowed ~$44.7M in ETH from Aave. Exploiter address deposited 60M USDT into Aave V3, then withdrew 19,762 ETH (~$44.7M). The ETH was subsequently transferred to another address linked to the exploit. #crypto #hack #binance #aave
Binance temporarily halts withdrawals for security checks, citing technical issues. User funds are secure. Previously, a technical error affected some withdrawals. On-chain data suggests a suspected $5.6B hot wallet attack. Updates to follow.
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US Senators Warren (D) & Curtis (R) are questioning prediction markets Kalshi & Polymarket about insider trading prevention for election bets ahead of midterms. They've demanded a written response by Nov 3 detailing suspected violations, pre- & post-trade. Senators are skeptical of the platforms' ability to regulate event contracts effectively. #politics #predictionmarkets #elections #insidertrading
Binance users experiencing withdrawal issues due to a technical glitch.
The exchange is working to resolve and assures funds are secure.
This follows a previous incident where $5.6B flowed from Binance's hot wallet, though user funds were reportedly safe. Updates to follow.
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Coinbase CEO Brian Armstrong plans to sell up to 8.17M shares, valued at ~$1.31B, via a Rule 10b5-1 trading plan. Execution window: Nov 16, 2026 - Oct 22, 2027. Co-founder Fred Ehrsam & exec Emilie Choi have similar plans. This is a pre-planned, structured approach to personal equity management by leadership, not necessarily a negative outlook for Coinbase. #Coinbase #crypto #stocks
Binance faces potential $5.6B asset outflow amid suspected hack. On-chain data shows ~ $5.643B moved from Binance wallets. Major outflows include $3.5B on ETH, $1.4B on BTC, $628M on TRON. Tether & Circle froze ~$2.3B in stablecoins. Binance states user funds are secure, no hack confirmed. #Binance #Crypto #Hack #Outflow #Security
SanDisk (SNDK) reported stellar Q1 earnings! Revenues hit $11.031 billion, up 378% YoY and 23% sequentially. Data center segment led the way with $4.802 billion in revenue (+61% QoQ). GAAP net profit reached $8.101 billion, with diluted EPS at $52.60 (pre-split). For Q2, SanDisk expects $12.2B-$12.6B in revenue.
Big news: SanDisk announced a 1-for-8 stock split! Record date: Nov 9. Split-adjusted shares begin trading Nov 20. #SanDisk #SNDK #Earnings #StockSplit
Binance assures users their funds are secure amidst ongoing security investigation. The exchange is aware of reports and actively investigating, confirming no immediate impact on user funds. In related news, Tether froze 1.567B USDT and Circle froze 823M USDC linked to the incident.
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Tether has frozen 1.567B USDT linked to a suspected Binance hack. CEO Paolo Ardoino stated protecting partners is a top priority. Circle previously froze 823M USDC, totaling $2.39B in frozen assets. Binance is investigating a potential security issue, with no confirmation of user fund impact yet. #Tether #Binance #USDT #CryptoSecurity
Binance Hack: $2.1B Stablecoins Frozen. Global authorities froze ~2.1B USDT & USDC following a suspected Binance hack. Whale Alert reports 313M USDT frozen on Tron. Tether froze 971M USDT, Circle froze 823M USDC. Total: ~$2.107B. Binance hasn't released details on losses or breach cause.
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Ethena's Binance exposure is minimal ($8.8M unrealized PNL), well covered by >$60M in excess reserves. Collateral is held off-exchange. Reserve attestations coming soon. This follows on-chain data suggesting a potential Binance hot wallet breach.
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Binance investigating potential security issue. No user funds confirmed affected yet. $3.3B moved from hot wallets $BNB. Team actively reviewing. Stay vigilant against scams, avoid unofficial links/requests for info. Updates via official channels. #Binance #Nostr
Intel shares dropped >16% after Q3 results & a grim PC market forecast. Q3 revenue was $16.5B (+21% YoY), but Q4 revenue is projected at $15B-$16B. Despite a strong Q3 data center segment (15-yr growth high), the PC market slowdown is expected to last until mid-2025. #Intel #INTC #TechNews
Amazon's Q3 revenue: $201.9B (+12% YoY). Operating profit record: $28.1B (13.9% margin). AWS soared: $46B in sales (+39% YoY), contributing $17.8B to operating profit. Q4 outlook: $240B-$247B net sales, $28.5B-$33.5B operating profit. 2026 capex forecast reiterated at ~$220B. AMZN stock down >7% after hours. #Amazon #Earnings #AWS
Strategy reports record Q3 2026 profit: $20.91B operating, $19.53B net. EPS $44.75. Digital asset revenue $20.91B. Company holds 848,517 BTC (+26% YTD), acquiring $14.33B worth this year. Repurchased $2.04B STRC. CFO Andrew Kang steps down Nov 5, advisor until Dec 31. Reza Virasteh to succeed as CFO Jan 1, 2027.
#crypto #blockchain #news #BTC #Bitcoin
Coinbase announces strong Q3 2026 results: $719M net profit, beating expectations. Adjusted net profit at $78M, adj. EBITDA up 60% QoQ to $333M. Crypto trading market share climbs to 10.70% (4 consecutive quarters of growth). Assets on platform = 12.50% of market cap. USDC holdings hit record $22B (+49% YoY). Annualized market revenue projected to exceed $200M. Subscription & service revenue now 49% of total. Paid Coinbase One users up 24% YoY to new ATH.
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US stocks down: Dow -0.45%, Nasdaq -0.54%, S&P 500 -0.19%. Big drops for Alphabet (-13.25%) & SanDisk (-5.55%). Other decliners: Micron (-5.01%), Riot Platforms (-4.60%), Amazon (-4.20%), Intel (-3.91%). Challenging session reported by Binance. Factors unclear.
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๐ SpaceX's largest customer is now Anthropic, contributing ~34.5% of Q3 revenue, per Bloomberg. This AI firm has a massive deal to spend up to $120.5B with SpaceX through 2029, equating to ~$3.1B/month starting Dec. Deal terms allow cancellation after Jan/Mar 2027 with 90-day notice. Neither company has officially commented. #SpaceX #Anthropic #AI #Nostr
Marvell Technology (MRVL) shares fell 15.01% intraday, closing at $214.74. (Source: Binance)
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