Hey Thinkers!💡
📰 Here are 6 crypto headlines to start your Friday:
Binance’s massive hack dominates the news, Bitcoin slides, and Coinbase reports earnings. Six major headlines from this morning and overnight. 👇
1/6 🚨 Binance hit by a reported $6.3B hack.
The exchange halted withdrawals and pledged to cover customer losses. Billions in affected assets have been frozen. Investigators are still examining how the breach happened.
2/6 📉 Crypto liquidations reach $1.57B.
Bitcoin traded near $77,350 in early U.S. morning trading as markets absorbed the Binance breach. Forced closures of leveraged positions surged, amplifying the selloff.
3/6 💰 Coinbase returns to profit.
Thursday’s Q3 results showed $719M in net income, helped by crypto investment gains, while transaction revenue fell 43% year over year. Prediction markets surpassed $200M in annualized revenue.
4/6 🏦 Strategy announces a CFO transition.
Andrew Kang will step down November 5. Thursday’s results showed roughly $21B in quarterly operating income, driven by digital-asset gains. The company held 848,517 BTC as of October 25.
5/6 ⚠️ Polymarket resumes trading after a breach.
A compromised third-party service triggered Thursday’s temporary trading halt. The platform says the issue is fixed and affected traders will be reimbursed. Total losses remain unconfirmed by the company.
6/6 🔧 XRPL developers propose stricter token controls.
Four proposed fixes would close gaps allowing restricted tokens to reach unapproved accounts. The changes aren’t live; the XRP Ledger Foundation says no users were affected.
#
crypto# #
binance# #
xrp#