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Tag: News

Bitcoin Rebounds Above $80,000 as Democrats Sweep Midterms, Clouding CLARITY Act Outlook

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Bitcoin rebounded above $80,000 after briefly falling to a seven-week low near $75,600 as Democrats swept the U.S. midterm elections. Democrats secured control of both the House and Senate, with Sen. Elizabeth Warren expected to chair the Senate Banking Committee, further jeopardizing the CLARITY Act that failed a 49-50 procedural vote in September. Crypto industry PACs spent roughly $176-200 million this cycle, including more than $60...

Bitcoin, Crypto regulation, Cryptocurrencies, News

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Block Shares Rise on Raised Profit Outlook as Firm Details $764M DOJ AML Settlement

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Block reported Q3 net income of $566 million, up from $462 million a year earlier, and raised its full-year 2026 gross profit outlook to $12.63 billion. Shares of XYZ rose about 6% in after-hours trading following the results and guidance raise. The company disclosed an agreement in principle for a $764 million net settlement with the DOJ over anti-money-laundering program deficiencies. Bitcoin ecosystem gross profit fell 50% year-over-year...

Bitcoin, Crypto regulation, Cryptocurrencies, News

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Binance Completes Zero-Knowledge Proof of Reserves After Covering 95% of Record $6.3 Billion Hack Losses

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Binance has replenished approximately 95% of the roughly $6.3 billion stolen in the Oct. 29 hot-wallet hack using company funds. Users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC can now independently verify 1:1 reserve backing via a completed zero-knowledge proof. The FBI attributed the attack to North Korea’s TraderTraitor group, the same actors linked to the 2025 Bybit heist. The exchange is expanding withdrawal access...

Cryptocurrencies, Hacks, News

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Spot Bitcoin ETFs Record $643 Million Outflow After Record Binance Hack as Exchange Sees $3.64 Billion Withdrawals

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U.S. spot Bitcoin ETFs recorded $643.3 million in net outflows on Friday, the largest single-day total since June. Binance processed a net outflow of $3.64 billion in the first 9.5 hours after reopening withdrawals on Sunday. The FBI attributed the $6.3 billion theft to North Korea’s TraderTraitor group. Bitcoin recovered to around $78,600 early Monday amid stabilizing markets. U.S. spot Bitcoin exchange-traded funds recorded their largest...

Bitcoin, Cryptocurrencies, ETF, Hacks, News

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Binance Replenishes 90% of Assets After Record $6.3 Billion Hack Attributed to North Korea

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Binance suffered a $6.3 billion hot wallet compromise on October 29, marking the largest cryptocurrency theft on record. The FBI attributed the attack to North Korea’s TraderTraitor group, part of the Lazarus Group. The exchange has replenished 90% of the stolen assets with company funds and targets withdrawal resumption on November 1. Partners including Tether and Circle froze roughly $3 billion in stolen stablecoins and other assets. ...

Cryptocurrencies, Hacks, News

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