Crypto news
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Arbitrum’s council moved $30 million of Binance hack funds without the hacker’s key
A 12-person committee briefly rewrote one of Arbitrum’s core contracts to spend from an address it held no key for, then put the code back. It’s the second time this year.
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Crypto.com to withdraw Hong Kong consumer app citing regulatory changes
Crypto.com will discontinue its consumer app services in Hong Kong in February next year.
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Bitcoin drops below $77,000 as chip rout deepens ahead of U.S. midterm vote
ZEC tumbled nearly 10% and BNB fell under $700 as the Nasdaq 100 slid into a correction, dragging Asian stocks lower.
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Australia lifts rates to 18-year high as AI boom, energy costs fuel inflation
The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices.
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UK warns AI ransomware attack on infrastructure ‘highly likely’ by 2028
The warning comes as UK cyber officials also flag growing threats from state-backed hackers targeting government officials and politicians.
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Binance begins second withdrawal phase following record hack
The exchange says additional assets will become available for withdrawal from 04:00 UTC on Tuesday as security checks are completed, following an initial reopening on Nov. 1.
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Ark Invest buys $3.4 million in Coinbase, adds Circle and Robinhood as stocks trade lower
Cathie Wood's Ark Invest bought $3.4 million of Coinbase shares, $2.6 million of Circle, and $645,820 of Robinhood on Monday.
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South Korea urges exchanges to boost cold storage after Binance hack
South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.
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Chainalysis Puts Mercado Bitcoin Hack at $49 Million Across 17 Chains
Mercado Bitcoin separately says $11 million has been blocked and promises no customer losses, while access to services remains suspended.... Read the full story at The Defiant
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Liquid Restores Full Bitcoin Backing After Elements Exploit
Full reserves meet a condition for restarting direct federation withdrawals, which were last reported under enhanced operational controls.... Read the full story at The Defiant
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Claude Fable 5.5, GPT 6.2 Astra Could Be Right Around the Corner, Leaks Suggest
Users say Claude is routing some requests to a stronger unreleased model, a Mythos 5.5 label appeared in Anthropic’s site code, and OpenAI appears to be testing GPT-6.2 Astra.
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North Korea denies role in $6.3B Binance hack, points finger at US
Pyongyang has pushed back against the FBI’s attribution of the Binance attack, with Kim Yo Jong calling the US allegations politically motivated.
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Kim Jong-Un’s sister rejects FBI claims linking North Korea to record $6 billion Binance hack: reports
North Korea is now reportedly saying it was not behind the hack, despite the FBI finding that North Korean hackers were behind the heist.
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New Jersey drops Coinbase staking order ahead of crypto’s midterm test
New Jersey lifted its staking ban and dropped a $5 million penalty, clearing the way for Coinbase to restore staking access for users in the US state.
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Bitcoin Firm Strive Climbs Up the Treasury Ranks With Another Big Buy
Strive added 124 Bitcoin for about $10 million and now trails Twenty One Capital by 390 BTC for third place among Treasury companies.
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AI poses greater threat to Bitcoin than quantum computing, Swan founder says
The Swan Bitcoin founder warned that hackers are using large language models to exploit security flaws with just a few prompts.
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Big crypto wants the one thing it can’t buy: your vote
Our loyalty has been to the technology. This election, the trap is to let the biggest intermediaries claim it for themselves, argues Berkeley Law lecturer Hermine Wong.
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North Korea Rejects FBI Blame for $6.3 Billion Binance Hack
Kim Yo Jong called the US accusation “absurd rhetoric,” while Chainalysis cited stolen funds mixing with proceeds of an earlier exploit.... Read the full story at The Defiant
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Crypto investigators flag suspected $106M theft, $786K Solana bot drain
A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.
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Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack
Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,.
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Liquid Reserve Gap Falls to 250 BTC After 300 BTC Top-Up
Estimated L-BTC backing rises to 94.14%, but the federation’s recovery plan requires full reserves before direct peg-outs resume.... Read the full story at The Defiant
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Claude-Built Linux Exploit Targets Bug That Ubuntu Still Hasn't Patched
Anthropic says Claude wrote an attack that can take over a Linux server with no password. Red Hat patched on Sunday, but Ubuntu still has no fix.
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Coinbase hit with 50% price target cut as post-earnings rout deepens
Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.
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Mercado Bitcoin, Brazil’s largest crypto exchange, hit by $46 million security breach
Brazil's largest crypto exchange Mercado Bitcoin confirmed earlier Monday a security incident and paused withdrawals.
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BNB Chain Brings Payment Lane to Testnet in Jenner Upgrade
The upgrade introduces a default 5% gas reservation for eligible payments, while token listings and CAS20 activation require separate governance steps.... Read the full story at The Defiant
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Akash Stakers Approve Move From Cosmos to Solana
AKT can launch on Solana after two audits, but moving the compute marketplace and ending staking rewards still require a separate cutover vote.... Read the full story at The Defiant
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Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience
The Fundstrat strategist says constraints on AI spending have slowed growth without ending the boom, while crypto’s response to the Binance hack suggests sellers may already be exhausted.
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NEAR Governance Approves Plan to Lower Issuance Cap to 1.6%
The 24-month reduction would lower staking rewards, but Security Council ratification and a validator-adopted protocol upgrade still stand between the vote and activation.... Read the full story at The Defiant
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Mercado Bitcoin Breach Wallet Sends 2,800 ETH Onward
Other transfers moved 2.24 million USDC and 1.7 million TRX, while deposits and withdrawals remained suspended.... Read the full story at The Defiant
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Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally
Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war.