The Hacker Kept $47 Million. Blockstream Just Paid It Back Itself.
Two months ago, a bug in the software behind the Liquid Network let an attacker mint about 4,000 LBTC tokens backed by nothing at all, then swap them for real bitcoin worth roughly $320 million. Liquid is a Bitcoin sidechain run by a federation of companies led by Blockstream, and it exists to move bitcoin faster and more privately than the main chain allows. The attack drained the federation wallet from about 4,205 bitcoin down to 197, leaving the tokens that traders and exchanges rely on backe
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Democrats Swept Election Night - With that Comes Some Old ANTI-CRYPTO Politicians Back in the Majority...
Tuesday night changed the math for crypto in Washington. Democrats won control of both the House and the Senate in the midterm elections, according to projections from CBS, NBC, CNBC and the Associated Press, and the result puts the crypto industry's most important piece of unfinished legislation on a countdown clock. The CLARITY Act, the market-structure bill that would finally settle which regulator oversees which tokens, now has until January 3 to get through the current Congress, or it dies
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Bitcoin Reclaims $80,000 and $300 Million in Short Bets Go Up in Smoke
Bitcoin spent Tuesday night falling and Wednesday getting even. The largest cryptocurrency dropped to about $75,600 in the early hours of Wednesday as midterm election results showed Democrats winning control of both chambers of Congress, and by the early evening it had climbed all the way back above $80,000, briefly topping $81,000 along the way. The swing turned one of the ugliest nights of the year into one of the sharpest reversals, and the traders who bet against it paid for most of it. Mor
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The FBI Asked THORChain to Block North Korea's Stolen Billions. THORChain Said No.
The FBI has asked the people who run THORChain to stop North Korea's hackers from cashing out, and the answer so far has been no. The agency, along with the Secret Service and IRS Criminal Investigation, published a list of 608 Ethereum addresses, 19 Bitcoin addresses and one Solana address tied to the $6.3 billion Binance theft and asked THORChain node operators, exchanges and DeFi services to refuse transactions connected to them. THORChain is the cross-chain swap protocol that moved a large s
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Wall Street Pulled $799 Million Out of Bitcoin and Ether ETFs in One Day - And Bitcoin Still Closed the Weekend Above $78,000
Bitcoin spent Sunday trading just above $78,000, which would have been a strange sight after the week it just had. United States spot Bitcoin and Ether exchange traded funds lost a combined $798.9 million on Friday, October 30, in a single session that wiped out four days of buying. Bitcoin was at $78,052.39 on Coinbase at about 09:18 UTC on November 1, up 0.95 percent over the rolling 24 hour window, while Ether was at $2,270.70, up 1.27 percent. Those are spot prices from a weekend when the ET
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Binance Hit by RECORD BREAKING $6.3 Billion Hack - CEO Announces When Withdraws Will Resume...
Binance is promising to absorb a roughly $6.3 billion hack, but customers are still waiting for the withdrawal button to work again. The attack struck on October 29, and the exchange's October 30 updates describe an investigation that has expanded beyond an initially suspected compromised laptop. Binance says it has reserved more than $6.34 billion of company funds to cover the stolen assets. About $5 billion is already held in the affected tokens, with purchases of the remainder underway. In hi
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NYSE Owner Bets on Hyperliquid Perps, With U.S. Approval Still Ahead
The company behind the New York Stock Exchange wants to bring Hyperliquid-based perpetual futures into a regulated U.S. market. Intercontinental Exchange announced its agreement with Trade[XYZ] on October 29. ICE is taking a minority stake in the company and would operate its regulated markets. The planned venue targets retail traders seeking exposure around the clock. Regulatory approvals still stand between the announcement and a product Americans can actually use. The division of work matters
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CoinDCX Downplays Hack Claims as "False Alarm"... But Now Confirms $16 MILLION Missing.
CoinDCX has put a nearly $16 million price tag on a wallet incident its CEO initially dismissed as a false alarm. The Indian exchange confirmed the loss in an October 25 update. It says the missing 15.99 million USDT came from retired infrastructure. The company says it has absorbed the cost and customer balances remain unaffected. Those assurances come from CoinDCX, rather than an independent assessment of its reserves. The public reversal is a central part of the story. According to The Block,
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Massive Traditional Global Banking and Finance Company HSBC Launches 'RedCoin' - a New Stablecoin...
HSBC is putting its first stablecoin inside an app millions of Hong Kong residents already use to pay people. The bank announced RedCoin, ticker RCHKD, on October 23. It is denominated in Hong Kong dollars and launches through PayMe. HSBC says more than 3.3 million users will be able to activate a stablecoin wallet over the coming days. That is a potential audience, not a count of people already holding or spending the token. The initial uses are straightforward: sending money to friends and pay
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UK Finance Giant Standard Chartered Makes a Large Investment In To their Future in The Crypto World...
Standard Chartered has signed a deal to take full ownership of Zodia Custody, bringing another piece of crypto's infrastructure closer to a major bank. The October 21 announcement moves the transaction from an accepted non-binding offer to definitive agreements. Standard Chartered I H Limited would acquire 100% of Zodia Custody Limited. Regulatory approvals and customary closing conditions still stand between signing and completion. The distinction matters: this is a binding deal announcement, n
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US Gov Finalizes Stablecoin Rules - Companies Now Need to Apply, and Receive Approval to Issue Tokens...
Stablecoin issuers now have a final OCC rulebook, but submitting an application will not necessarily be enough to keep issuing coins after January. The Office of the Comptroller of the Currency announced its GENIUS Act final rule on October 21. It takes effect on January 18, 2027. The agency also laid out a waiver process for existing issuers still awaiting a decision when that date arrives. For people holding stablecoins, the transition deserves attention because an issuer's application, approv
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Zerohash Wants to END Cutting and Pasting Wallet Addresses...
Moving crypto without copying a wallet address sounds like a small improvement until you remember what a wrong transfer can cost. Zerohash just announced their new feature "AUTH" - account linking for transfers involving crypto, stablecoins and tokenized securities. Its launch announcement describes a system that removes manual address entry and blockchain selection from the customer experience. Users choose a supported account or wallet, authenticate and authorize the movement. The pitch is str
