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Follow crypto and Web3 coverage across digital assets, networks and the organizations building them. This feed brings publisher excerpts together so you can compare reporting, find the original source and follow developments without relying on a single stream of headlines.

Separate protocol changes and documented announcements from price commentary or promotion. Repeated versions of one announcement are not independent confirmation; follow the evidence back to its source.

Why Ripple’s $16 trillion payment volume isn’t boosting XRP

Buying XRP doesn’t give you shares in Ripple, although the company’s growing list of new ventures and financial partners makes it easy to assume their fortunes should move together. Ripple can earn a lot of money from those relationships without passing a dollar to token holders, who have no claim on its profits. XRP did… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Read at CryptoSlate

Binance $6.3B record hack sparks pre-election political chatter  

Some political and administration figures tried to make hay of the biggest-ever crypto heist. Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering opinions with a US election approaching on Nov. 3 and voting already having begun in many locations. President Donald Trump was asked at a news conference on Friday about the hack of Binance. “We don’t know. We’re looking at that, the hack with Binance. They’re saying they’re going to get it back, they’re saying they’re guaranteeing it,” he replied. The crypto exchange said in a post on X late Friday that it would cover any losses. “We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.” It added that…

Read at Cointelegraph.com

Ripple Price Analysis: Can XRP Recover After the Hack-Driven Sell-Off?

Ripple’s XRP is under renewed pressure after failing to break above the upper boundary of its short-term descending channel. Trading around $1.25, the token has slipped into a key Fibonacci support area, where the reaction over the coming sessions could decide whether the August recovery remains intact or gives way to a deeper retracement. Ripple …

Read at CryptoPotato

Binance hackers raced to move billions before it could be frozen

Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets. Attackers behind Binance’s estimated $6.3 billion hack still control billions of dollars in stolen cryptocurrency despite efforts by token issuers to freeze the proceeds. The attack, the largest in crypto history, began at 8:04 pm UTC Thursday and the perpetrators, linked to the same North Korean hackers behind last month’s Bitget hack, immediately began converting assets. The game plan for the hackers was to convert the assets that could be frozen, like USDT and USDC, into ones that could not, such as Bitcoin (BTC) and Ether (ETH).

Read at Cointelegraph.com

Binance hackers deploy never-seen-before laundering tactics to conceal $6.3 billion theft

Hackers behind Binance's $6.3 billion breach are using previously unseen laundering tactics while rapidly converting stolen assets into other cryptocurrencies. On Oct. 30, blockchain analytics firm Chainalysis said that investigators identified thousands of transactions executed within short periods, suggesting the attackers used automation to obscure the movement of stolen funds. The discovery comes as Elliptic… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Read at CryptoSlate

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