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Two Fed presidents said rates need to move higher after the central bank left them unchanged.
Alberto Musalem said additional firming will be necessary, and soon.
Lorie Logan said the Fed needs at least two more 25-basis-point increases.
The comments came after the central bank left rates unchanged for now.
Fed funds futures priced a roughly 76% chance of a quarter-point hike at the December meeting, according to CME.
💬 How do higher rates change your view of risk?
Source: CNBC
Trading crypto from Dubai since 2019.
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Binance says about $6.3 billion in client assets were affected, with around $3 billion frozen.
Binance said hackers accessed withdrawal systems and made unauthorized transfers from exchange wallets.
The exchange says it found no evidence that private keys were leaked and is still investigating.
Binance told users their money is safe and said it will cover every loss.
Several analytics firms linked the hack to a North Korean hacking unit, while US agencies are helping trace funds.
💬 Do emergency funds change how you view exchange custody?
Source: The New York Times, CNBC, BBC
Trading crypto from Dubai since 2019.
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Binance said the incident had an estimated impact of $6.3 billion.
Around $3 billion in crypto assets have been frozen so far, according to Binance updates.
The exchange pledged to cover all losses and temporarily suspended withdrawals while improving withdrawal security.
An initial review pointed to a compromised DevOps engineer's laptop; Binance later said more breach points were found.
Two blockchain analytics firms attributed the incident to North Korea's TraderTraitor hacking unit.
💬 How should exchanges prove user funds are protected after a breach?
Source: The Guardian, The New York Times, BBC
Trading crypto from Dubai since 2019.
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Binance says the breach has an estimated $6.3 billion impact, with about $3 billion frozen onchain.
Binance says its initial investigation points to a compromised DevOps engineer’s laptop.
The laptop may have allowed access to a service container and unauthorized withdrawal transactions.
The exchange says it found no evidence of a wallet private-key leak, and its investigation remains ongoing.
Binance pledged to cover all losses and publish an updated Proof of Reserves after remediation.
💬 How much should exchanges disclose during an ongoing breach?
Source: Bitcoin Magazine, CoinDesk, Cointelegraph
Trading crypto from Dubai since 2019.
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DoorDash is buying Instacart for about $17 billion, uniting a restaurant delivery giant with online grocery.
DoorDash will acquire Instacart for about $17 billion, the companies announced.
DoorDash will pay $65 a share in cash and stock, an 11% premium to Instacart's Wednesday close.
DoorDash says Instacart users will get access to more than 50,000 additional stores.
The deal is expected to close at the end of 2027 or in the first half of 2028, subject to approvals and closing conditions.
💬 Would one membership make delivery apps simpler for you?
Source: CNBC, The Verge, The New York Times
Trading crypto from Dubai since 2019.
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Preliminary results show 99.3% of votes cast backed daily dividends on four Strategy preferred stocks.
The amendments cover STRF, STRC, STRK and STRD, shifting payouts from semi-monthly or quarterly schedules to every business day.
Dividends will accrue daily, including weekends and holidays, without changing annual dividend rates.
Strategy expects daily payments on STRC to begin Nov. 2, with STRF, STRK and STRD following on Jan. 4, 2027.
The company says the change is meant to shorten the wait for cash and support liquidity and price stability in its preferred shares.
💬 Would daily dividends change how investors view preferred stocks?
Source: Cointelegraph, Decrypt
Trading crypto from Dubai since 2019.
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Oracle will offer Google’s TPUs, the first access outside Google’s own infrastructure.
Google is pushing its tensor processing units beyond its own cloud to reach more AI chip customers.
Alphabet said Oracle will offer TPUs, custom chips Google has been developing since 2013.
It is the first time customers can access TPUs outside Google's infrastructure.
The move targets an AI chip market the report says Nvidia has dominated.
💬 Will more cloud rivals open their own AI chips to partners?
Source: CNBC, The New York Times, TechCrunch
Trading crypto from Dubai since 2019.
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Bessent said more than 90% of stablecoins are backed by U.S. dollars.
At Ripple’s Swell conference, the U.S. Treasury secretary said digital assets could help strengthen the dollar’s global dominance.
Ripple said the OCC gave final approval for Ripple National Trust Bank to manage RLUSD reserves and custody, after banking groups objected.
Ripple put RLUSD’s market cap at $2.5 billion; its immediate role is centered on reserves and custody, not XRP itself.
RLUSD is already on Robinhood Chain and Bitstamp by Robinhood; Robinhood also plans to use it on the XRP Ledger for settlement.
💬 Should stablecoins sit inside federally chartered trust banks?
Source: CoinDesk, CryptoSlate, Cointelegraph
Trading crypto from Dubai since 2019.
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US spot Bitcoin ETFs took in $110 million after $774 million left in two sessions.
US-listed spot Bitcoin ETFs returned to net inflows on Monday with $110 million added, according to SoSoValue.
The rebound followed $774 million in withdrawals over the previous two trading sessions.
October was still negative, with about $202 million in net outflows through Monday.
Ark Invest bought $5.2 million of Circle shares and sold $15.9 million of its Bitcoin ETF as BTC fell below $80,000.
💬 Do ETF flows still shape how you read Bitcoin sentiment?
Source: Cointelegraph, The Block
Trading crypto from Dubai since 2019.
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Ripple now has final U.S. approval to run a federally supervised national trust bank.
Ripple National Trust Bank received final approval from the Office of the Comptroller of the Currency.
The bank is authorized to manage RLUSD reserves, act as collateral trustee for holders, and provide digital asset custody.
RLUSD will still be issued by Ripple’s New York-regulated Standard Custody & Trust Company.
RLUSD has grown to about $2.5 billion, with state and federal regulators watching parts of its setup.
💬 Does federal oversight make stablecoins feel more trustworthy to you?
Source: CoinDesk, The Block, Cointelegraph
Trading crypto from Dubai since 2019.
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