Search results for Decrypt
Crypto
Bitcoin holds up despite $6.3 billion Binance hack; why no 2018-style panic
A $6.3 billion hack at Binance did not trigger a 2018-style plunge in bitcoin, which fell about 4 percent the next day, according to Decrypt. Research firms Chainalysis and TRM Labs estimated losses at about $6.4 billion. Analysts pointed to the larger crypto market and institutional inflows via spot bitcoin ETFs, as well as Binance steps to buy tokens and freeze funds. Risks remain from potential sales of stolen assets and investor sentiment.
Crypto
Wall Street sees crypto-linked stocks as buying opportunity after Binance hack
Major Wall Street brokerages say there is no reason to leave the crypto market after the Binance hack and are pitching battered crypto-linked stocks as a buying opportunity. Cantor Fitzgerald, TD Cowen and Compass Point say the roughly $6.3 billion breach is unlikely to break the broader recovery. They cite rapid industry action to freeze stolen funds and Binance’s ability to cover losses. Moody’s Ratings took a more cautious view, highlighting cyber risks and uncertainty over final losses.
Crypto
Bitcoin spot ETFs see $643.2 million outflow in a day after Binance hack
U.S. spot bitcoin exchange-traded funds saw a net outflow of $643.2 million in a day, the biggest daily outflow in October, following reports of a roughly $6.4 billion hack at Binance. The move ended four sessions of inflows. Ethereum and Solana ETFs also posted outflows. Bitcoin fell about 4% to around $76,400 before recovering slightly. The Federal Reserve held rates at 3.75 to 4%.
-
Crypto
XRP above $1.30 could trigger short squeeze as $617.7 million liquidation zone looms
-
Crypto
Ripple\'s RLUSD tops $1 billion in net inflows in three months, fastest-growing stablecoin
-
Crypto
Hedge funds sell, sovereign wealth funds buy as bitcoin ETF holdings reshaped
-
Crypto
Canada moves to ban stablecoin interest, cap redemption fees at 1 percent
-
Crypto
XRP wallets holding 1,000 to 100,000 hit record despite 12.64 percent October drop
-
Crypto
OpenAI \'ETH is wrong\' claim stirs confusion, but it is not about Ethereum
-
Crypto
XRP tests long cup-and-handle pattern; analysts flag $3.30 as key hurdle
-
Crypto
Warning XRP could retreat toward $1; trader calls it a buying zone
-
Crypto
XRP one-year active supply drops below 50 percent
-
Crypto
Cardano warned of drop to $0.12 as four headwinds cap rebound
-
Crypto
Bitcoin under pressure to hold $80,000, with buy wall but risk of further fall
-
Crypto
BitMine buys 10,452 more ether, steps up share buybacks
-
Crypto
Cardano ADA down 93 percent from peak as warning emerges it may never hit new high
-
Crypto
U.S. SEC sets 2027 exam priorities, flags AI superintelligence and tokenisation risks
-
Crypto
Bitcoin spot ETFs return to weekly net inflows, price weak in $80,000s