This post was originally published on this site. The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
Category: Crypto
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Live updates: Binance says $6.34B set aside to cover hack losses
This post was originally published on this site. Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.
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Zcash grants group offers $124M compromise as governance backlash grows
This post was originally published on this site. Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address governance and accountability concerns.
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Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack
This post was originally published on this site. Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.
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EIP-7702 didn’t cause Binance hack, but may have amplified losses
This post was originally published on this site. Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.
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Coinbase-backed AI payments protocol wants to fix micropayment but demand is just not there yet
Agentic commerce holds promise, but data shows that x402 is still in the trial phase
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Hyperliquid’s tokenized futures hit $1.2B as traders bet on oil, stocks
Trading has been driven largely by tokenized futures on equities and commodities such as oil, gold and silver.
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Clarity Act will benefit banks more than crypto, former CFTC chair says
Former CFTC Chair Christopher Giancarlo says banks, more than crypto firms, need the stalled Digital Asset Market Clarity Act.
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Bitcoin dip may not be over as whales sell into retail buying — a bearish signal
The divergence between large and small holders has historically preceded further downside, with the Crypto Fear and Greed Index dropping to 12
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Bitcoin slips below $68,000 heading into the weekend as dollar posts steepest weekly gain in a year
Most majors gave back Friday’s gains, with solana down 4%, ether falling 4.4%, and 43% of bitcoin’s supply now sitting at a loss according to Glassnode data.
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