MarketsConfirmed7h ago
Binance records $3.64bn net outflow after reopening post-hack withdrawals
The exchange processed $4.649 billion in user redemptions following a major security breach, equal to 2.1 percent of its total assets.
Editor, markets, YourKhabri
An algorithmic trader who reads the market from the inside.
Divyansh trades crypto with his own algorithmic strategies, so he watches the same screens our readers do: order books, funding rates, open interest and the liquidation cascades that follow a sharp move. That view shapes how YourKhabri explains a market story: not just that a price moved, but what drove it and what traders are watching next.
He is always hunting for the next story, from a sudden wave of liquidations to a large wallet moving funds or an exchange listing that moves a token, and flags it to the desk as it happens.
Divyansh studies at NMIMS (Narsee Monjee Institute of Management Studies) and reviews markets and trading stories before they are published, keeping figures exact and the line between explaining a move and predicting one clear.
How the desk works: every story is checked against the house rules on sourcing and verification before it is published, and other outlets that covered the same event are credited under “Also reported by”. Read the editorial policy, the corrections policy or contact the desk.
The exchange processed $4.649 billion in user redemptions following a major security breach, equal to 2.1 percent of its total assets.
The protocolDAO secured the tokens in its Safe wallet as the FBI, Secret Service, Circle, and Tether moved to freeze billions in stolen assets.
The stablecoin issuer now holds $132.4bn in US Treasury bills, a total that exceeds the government debt holdings of the United Arab Emirates.
Cantor Fitzgerald and TD Cowen say the market recovery remains intact despite a security breach that saw $6.3bn taken from the world's largest exchange.
Federal investigators and private firms are tracking the funds after Tether froze $971m in USDT linked to the breach.
The Tesla chief executive commented on security risks as Tether froze $971 million in assets linked to suspicious activity on the exchange.
The company spent $2.04bn on share buybacks through late October while paying out $419.6m in preferred dividends.
Unconfirmed reports indicate an exploit targeted Binance hot wallets on Thursday, resulting in the reported loss of more than $2.5bn in digital assets.
Onchain data from Glassnode shows roughly 4 million Bitcoin bought above $85,000 could limit price gains, even as exchange outflows continue through October.
The prediction market platform entered cancel-only mode on 29 October after users reported drained wallets, with the company promising to reimburse those affected by the breach.
The exchange will stop marketing to British consumers until 2031 after the regulator brought its first enforcement case over crypto advertising rules.
The new offering on the Solana lending protocol allows users to borrow USDC stablecoins using 1:1 redeemable tokenised stocks as collateral, letting them access liquidity without divesting their holdings.
Alphabet is already using the multi-party computation service to secure its own assets on Ethereum and Solana. The technology is expected to be commercially available in early 2027.
The Federal Open Market Committee concludes its meeting today with a 93.4 per cent probability of rates staying between 3.75 per cent and 4.00 per cent.
The Nasdaq-listed exchange said the incident occurred at analytics provider Amplitude and affected a small subset of customer information.
The new prediction markets cover Bitcoin, Ether, Solana, and XRP using pricing data from CF Benchmarks.
The actively managed fund, trading as WBMO on the NYSE, combines global stocks, bonds, and real assets with indirect exposure to Bitcoin.
The callable debt deal, confirmed by Musk on X, comes as he predicts over 200 newer AI computing power providers will consolidate, with only a few surviving.
The two new funds will convert stock dividends into Bitcoin exposure, targeting investors seeking passive accumulation of the cryptocurrency.
