Stolen Binance Funds Drive DeFi Protocol Revenue Gains: Investigator
Daily revenue for some of the platforms rose as high as 2,229% as the Binance hacker laundered part of the stolen funds through them.
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Daily revenue for some of the platforms rose as high as 2,229% as the Binance hacker laundered part of the stolen funds through them.
Is Microsoft bearish on Ripple? Its AI bot, Copilot AI, predicts that something potentially severe could be approaching for XRP by January 1, 2027. When prompted, it called for a hypothetical, unlikely black swan event in Q4 that would cause the token to crash to unprecedented levels.The idea centers on a coordinated multi-jurisdictional regulatory and …
Strategy‘s deployable USD Cash fell 45.3% during the week ended Nov. 1, from $242 million to $133 million, as preferred-stock buybacks exceeded its Bitcoin purchases. That balance is available for broader treasury uses. Strategy also held a separate $4.79 billion USD Reserve intended for preferred-stock dividends and debt interest. The company bought 811 Bitcoin between… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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. New Jersey’s securities regulator has rescinded its 2023 cease-and-desist order against Coinbase’s staking service, lifting a ban that stopped residents staking new funds on the exchange for over three years. The Oct. 30 notice, signed by Acting Bureau Chief Keith A. Alt, withdrew the order and its $5 million penalty without prejudice and without a ruling on the merits. The wording leaves the Bureau of Securities free to bring a fresh enforcement action against Coinbase in the future. Coinbase disclosed the move in its third-quarter filing, stating the regulator informed the company on Oct. 29 of its plan to rescind. CEO Brian Armstrong sai…
Strive added 124 Bitcoin for about $10 million and now trails Twenty One Capital by 390 BTC for third place among Treasury companies.
The Swan Bitcoin founder warned that hackers are using large language models to exploit security flaws with just a few prompts. Artificial intelligence poses a more immediate threat to Bitcoin security than quantum computing, according to Swan Bitcoin founder Cory Klippsten, who warned that hackers are increasingly using AI to exploit vulnerabilities as crypto exchanges face a string of security breaches. Speaking on Cointelegraph’s Chain Reaction, Klippsten dismissed much of the concern surrounding quantum computing as speculative, arguing that advances in large language models present a more pressing challenge as attackers use the technology to probe security weaknesses. The warning comes as Brazil’s Mercado Bitcoin suspended deposits and withdrawals on Monday following a security incide…
Retaining local code can reduce repeated website delivery while leaving package updates, signatures and submission as separate trust decisions. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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.
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. An unidentified entity in the European Union may have lost more than $106 million from accounts at multiple cryptocurrency exchanges on Sunday, according to blockchain investigator ZachXBT. In a Monday post, ZachXBT said funds suspected to have been stolen were withdrawn in USDC and USDT before being moved through several cryptocurrencies and blockchains. The suspected attacker swapped USDC for Ether (ETH), used instant exchange services including WellWallet and Kyrrex, and converted funds into Monero (XMR) through the swap service Wagyu.
Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,.
Founder Nicolas Dorier says public servers running version 2.4.7 were not attacked. Meanwhile, older vulnerabilities are under investigation.
His proposed dollar-settled contracts track a FLOP-priced benchmark, leaving inference buyers to match token, model and rollover exposure. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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.
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. Investment bank Morgan Stanley turned bearish on Coinbase (COIN) on Monday, cutting its price target by more than half as it warned that the cryptocurrency exchange’s profits could recover more slowly than expected. Analyst Michael Cyprys lowered the stock’s price target from $258 to $120, a cut of about 53%, citing recent trading trends, a softer revenue outlook and uncertainty in the crypto market following Binance’s $6.3 billion hack, according to a Monday report. The bank still sees Coinbase as one of the strongest competitors in crypto but expects profits to recover more slowly than previously forecast, putting further pressur…
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The Binance attack added pressure to an already weakening market, and dragged the Fear and Greed Index further into fear territory.
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.
Treasury’s November financing decisions will test whether a possible cash drawdown can ease funding conditions while debt issuance competes for cash. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war. Bitcoin (BTC) returned below $77,000 after Monday’s Wall Street open as crypto shrugged off hopes of a US-Iran peace deal. Key points: Data from TradingView showed BTC/USD extending daily losses to 1.7% after reaching a local high of $78,750 after Sunday’s weekly close.
Something potentially severe could be approaching for Bitcoin by January 1, 2027. Sam Altman’s ChatGPT AI predicts that in the event of an intentionally extreme, over-the-top downside scenario, BTC USD price could crash to incredible new lows, just as Tucker Carlson warns that the US could be gearing up to drop a nuke on Iran.