Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals. Source:CoinDesk
Tether holds 150,000 bitcoin worth $11.5 billion, CEO Paolo Ardoino says
Ardoino didn’t say where the extra coins sit. Holdings outside USDT reserves, such as Tether’s investments, wouldn’t appear in the report. Source:CoinDesk
Apple’s new earnings era begins at a critical time for Big Tech
A rare Monday earnings report for Apple will give investors a glimpse into how new CEO John Ternus is managing inflated memory prices and a tougher backdrop…
Bitcoin's white paper turns 18, and small businesses are still paying for the bailouts it answered
Eighteen years after Satoshi published the Bitcoin white paper, business owners are still covering the cost of a system built on bailouts, and they can protect…
Bitcoin held up better than expected after Binance hack, Strive CEO says
Strive CEO Matt Cole says the Binance hack has not changed his longterm case for Bitcoin, but cautions it is too early to call a market bottom.…
Nvidia’s Megaspeed ties show potential blind spots in the U.S. effort to block China from accessing advanced chips
Nvidia CEO Jensen Huang’s business meetings are routine practice and existing U.S. export controls largely miss the cloud, experts say. Source:MarketWatch
Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday. Source:CoinDesk
Here’s the math on Amazon CEO’s claim to be on path to two trillion-dollar revenue businesses
Amazon chief executive Andy Jassy set a bold target on the conference call announcing thirdquarter earnings. Source:MarketWatch
Binance hack may involve private key ‘misuse,’ not theft: Blockaid CEO
Blockaid’s Ido BenNatan suspects attackers manipulated Binance’s transactionsigning infrastructure, drawing parallels with the Bybit hack. Source:Cointelegraph
Former Swift CEO joins stablecoin firm OpenTrade as chairman
Lazaro Campos takes the board role as the Londonbased company reports $300 million in assets locked and more than $1 billion in annual transaction volume.…
Mystery Wall Street Journal ad sparks new fight over tokenized stocks
A fullpage warning urging CEOs to opt out of tokenized stock trading drew a response from Securitize and questions over who paid for it. Source:CoinDesk
Sam Bankman-Fried wrote to actor portraying him in Netflix series
The former FTX CEO remains incarcerated as Irish actor Anthony Boyle portrays him in a series about the downfall of the crypto exchange and his relationship…