Exchanges news
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Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook
Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery.
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Morning Minute: The Binance Hack Leads to Mass Outflows while FBI Opens Probe
Uptober was far from it, with the Binance hack punctuating a red month. Will November be better? Or will the Binance hack hang over crypto?
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Binance taps half its SAFU Bitcoin holdings, releases reserve proof
Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund.
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Binance hackers begin swapping stolen Solana tokens for Bitcoin: Chainalysis
Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the $6.3 billion theft.
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ZachXBT Flags Suspected $106 Million-Plus Theft From EU Entity
The investigator says funds withdrawn from multiple exchange accounts were being swapped into ETH and routed through instant exchanges, Monero and cross-chain bridges.... Read the full story at The Defiant
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Coinbase Opens Deribit-Powered Perpetuals to AI Agents
The global offering requires eligible non-US accounts and derivatives onboarding; trade approvals depend on the connected AI app.... Read the full story at The Defiant
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No proof of AI in North Korean hackers move of stolen Binance funds
Elliptic tracked thousands of transfers, failed swaps and repeated transactions that suggest the hackers relied on scripts rather than AI agents.
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Bitcoin eases to $77,900 as Binance customers pull $3.6 billion after withdrawals reopen
Bitcoin fell 0.4% to around $77,900 since midnight UTC as Binance customers pulled a net $3.64 billion after withdrawals reopened and ETFs lost $643 million.
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Elliptic Flags First Bitcoin Mixing of Binance Hack Proceeds
The analytics firm traced roughly 12,000 wallets across 11 blockchains and put remaining linked balances at $3.24 billion.... Read the full story at The Defiant
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FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
Binance saw $3.64 billion in net outflows in the first nine and a half hours after reopening withdrawals, or 2.1% of its assets, it said.
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Binance hack fallout, U.S. midterms and jobs report: Crypto Week Ahead
Your look at what’s coming in the week starting Nov. 2.
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OKX draws $445M in net inflows as Binance outflows exceed $7B
OKX led cryptocurrency exchanges with $445 million in daily inflows, while Binance processed about $7 billion in net outflows.
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Live updates: Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings
The outflows followed a 45-hour withdrawal freeze after a $6.3 billion theft, with rival exchanges attracting deposits as customers regained access to their funds.
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Why stealing billions from a crypto exchange can be harder to stop than a bank theft
The $6.3 billion Binance breach has revived a debate over whether crypto exchanges are less secure than banks or simply harder to protect once hackers get inside.
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Binance Restores USD Withdrawals as Post-Hack Reopening Expands
The exchange says all 15 initial crypto network groups have reopened, but withdrawals for several other tokens remain suspended.... Read the full story at The Defiant
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Bitcoin ETFs sink into October outflows with $643M exit after Binance hack
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.
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Binance Attacker Splits $292 Million in XRP Across Six Wallets
The six recipients showed no outgoing payments, but native XRP cannot be frozen by Ripple, leaving exchanges as a potential interception point.... Read the full story at The Defiant
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Bitcoin ETFs lost $643 million in outflows Friday, and 2026 is barely green now
The first trading day after the Binance hack saw the biggest ETF outflow since June 25.
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Strangers are begging the Binance hacker for bitcoin, one ‘help me bro’ at a time
The 19 wallets holding 18,270 stolen BTC have taken in nothing since Thursday except payments worth under a dollar, each carrying a message, from pleas to laundering pitches to a token shill.
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Spot bitcoin ETFs see largest daily outflows in four months following record Binance hack
US spot bitcoin ETFs shed $643 million on Friday, marking their largest single-day outflow since June 25, following Thursday's Binance's hack.
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Bank of Korea probes financial firms’ exposure to crypto risks
The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.
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THORChain halts swaps after block reorg bug, slowing Binance hackers
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron.
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Maple’s syrupUSDC and syrupUSDT Explained: Returns, Risks and Exits
Pool withdrawals depend on available liquidity and have no guaranteed deadline. Selling a token on an exchange is a different exit, at a market-determined price.... Read the full story at The Defiant
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Binance net outflows surge to $5.8B as withdrawals resume after record hack
The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets.
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$3.6B flees Binance on reopen, THORChain co-founder opposes coin freeze: Hodler’s Digest
Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.
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What Is RLUSD? Ripple’s Stablecoin Backing and Redemption Explained
Direct dollar redemption requires an approved customer relationship. Exchange sales and Earn lending deposits follow different rules.... Read the full story at The Defiant
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Binance Posts $4.54 Billion Net Outflow as Tracked Rivals Gain $564 Million
OKX led gains among 10 large tracked rivals, but exchange-wide net flows do not reveal how much Binance customers moved into self-custody.... Read the full story at The Defiant
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THORChain Co-Founder Cites Public Data After FBI Binance Blocking Appeal
The FBI explicitly named THORNode operators in its appeal. The protocol’s controls allow broad trading halts, which also interrupt other users.... Read the full story at The Defiant
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Analyst Traces $140 Million in Binance Loot Through Four Tron Exit Routes
SomaXBT’s breakdown focuses on assets left unfrozen on Tron. The FBI’s Oct. 31 blocking request explicitly includes THORChain node operators and downstream funds.... Read the full story at The Defiant
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North Korean hackers launder $242 million of Binance loot via Tron as FBI presses THORChain: analyst
Crypto bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of stolen funds off Tron, with Relay handling the most at $48 million.