Circle Internet Group CEO Jeremy Allaire defended Binance on Wednesday after a $6.3 billion hack, describing the exchange as a strategically important partner. The expanded partnership includes a $100 million equity investment from Binance and plans to integrate and promote USDC across Binance's platform. Circle confirmed that Circle froze more than $800 million in USDC following the theft. DeFiLlama recorded net withdrawals from Binance exceeding $10 billion over the past week, although the last 24 hours brought $774 million in net inflows. Circle's third-quarter revenue rose 17% year over year to $864,888,000, while reserve income fell 8% to $658 million.
