Key Takeaways Binance suspended withdrawals Oct. 29 as analysts tracked up to $5.8 billion in suspicious transfers. Tether and Circle reported freezing more than $2.3 billion in tokens linked to the Binance incident. Binance has yet to confirm the final losses or when withdrawals will resume following the Oct. 29 incident. The trouble began with…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Binance is actively reviewing a potential major security breach after on-chain data revealed abnormal transfers exceeding $5.5 billion across multiple network hot wallets. In response, major stablecoin issuers have moved swiftly to freeze more than…
Key Takeaways Operating income totaled $20.91 billion; diluted earnings per share were $44.75. Bitcoin holdings reached 848,517 BTC, up 26% year to date. STRC preferred share dividends accrue from Nov. 1; payments begin Nov. 2. Bitcoin Gains Lift Operating Profit to a Record Record operating income of $20.91 billion and diluted earnings per share of…
Key Takeaways Polymarket briefly suspended trading on Thursday after discovering a third-party exploit on the site. Trading resumed after the problem was fixed, with the platform vowing to reimburse affected users. Analysts pointed to approximately $2.7 million in cryptocurrency stolen from traders. Polymarket Affected by Third-Party Exploit On Thursday, Oct. 29 at 2:33 p.m. ET,…
Key Takeaways Binance and Itaú filed for crypto licenses ahead of the central bank’s Oct. 30 regulatory deadline. Binance formed a new local entity and temporarily paused some products to comply with national regulations. Strict capital and compliance rules are forcing many smaller crypto firms to exit the Brazilian market. Binance and Itaú Formalize Requests…
Key Takeaways Bitcoin futures open interest stands at $54.78 billion, rising 1.46% over 24 hours as traders expand their derivatives exposure. Bitcoin options traders favor calls, which account for 59.35% of open interest, with substantial positioning concentrated at $90,000, $95,000, and $100,000. Downside protection is gaining attention, with puts representing 52.07% of daily options volume…
Key Takeaways Walmart, Eli Lilly, Cigna, Carnival, and Arcos Dorados are the latest companies to oppose OKXICE’s stock tokenization plan. A total of 38 of the 63 targeted companies, or roughly 60%, have now objected, including JPMorgan, Coca-Cola, Microsoft, and Alphabet. OKXICE aims to enable 24/7 tokenized stock trading, but growing corporate opposition threatens to…
Key Takeaways Google launched an MPC custody platform for banks, with commercial availability targeted for early 2027. Alphabet is using it on Solana and Ethereum as institutions test protection against private-key theft. The bigger shift is Big Tech treating institutional crypto custody as core financial infrastructure. Google MPC Splits Crypto Keys to Reduce Single-Point Failure…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Rizal Commercial Banking Corp. secured the overall championship at the second annual FinTech Alliance PH pickleball tournament, finishing ahead of 41 other corporate teams at the Astra Pickleball Center. The two-day tournament, held Oct. 24-25,…
Key Takeaways Urban birds in five European countries let men get about 1 meter closer than women before fleeing, with mean flight distances of 7.5 meters versus 8.5 meters. The pattern held across 37 city species, from early-flushing magpies to slow-to-react pigeons, even with observers matched for height and clothing. Lead author Federico Morelli of…
