🌙 Late-Night Recap | Crypto Markets Face Black Friday
Yesterday marked an epic release of risk: the Democrats won both chambers of Congress, and crypto markets plunged in response. Even more shocking, details emerged about the $6.34 billion Binance hack—the hackers succeeded through “fake job interviews + hacking AI tools.” According to Bloomberg, they siphoned off $2.5 billion for just $15 in a single transaction, and the money-laundering network has spread across multiple platforms.
U.S. stocks collapsed in tandem: the Nasdaq 100 plunged 6.4%, wiping $2.3 trillion off its market value. SoftBank has fallen 59% since June amid its big AI bets, while $BTC faces a double blow from stocks and crypto.
Yet glimmers of light remain amid the darkness: Tether disclosed that it holds 150,000 $BTC ; Circle reported quarterly revenue of $865 million; on-chain RWA on $SOL surpassed $5 billion for the first time; Hong Kong passed new crypto tax reporting rules; and ICE’s $HYPE -related plans are moving forward.
Vitalik urged the industry to “survive first.” The storm isn’t over—manage your positions and keep enough powder dry.
NFA | DYOR
#比特币 #币安 #加密货币 #Web3 #blockchain
Yesterday marked an epic release of risk: the Democrats won both chambers of Congress, and crypto markets plunged in response. Even more shocking, details emerged about the $6.34 billion Binance hack—the hackers succeeded through “fake job interviews + hacking AI tools.” According to Bloomberg, they siphoned off $2.5 billion for just $15 in a single transaction, and the money-laundering network has spread across multiple platforms.
U.S. stocks collapsed in tandem: the Nasdaq 100 plunged 6.4%, wiping $2.3 trillion off its market value. SoftBank has fallen 59% since June amid its big AI bets, while $BTC faces a double blow from stocks and crypto.
Yet glimmers of light remain amid the darkness: Tether disclosed that it holds 150,000 $BTC ; Circle reported quarterly revenue of $865 million; on-chain RWA on $SOL surpassed $5 billion for the first time; Hong Kong passed new crypto tax reporting rules; and ICE’s $HYPE -related plans are moving forward.
Vitalik urged the industry to “survive first.” The storm isn’t over—manage your positions and keep enough powder dry.
NFA | DYOR
#比特币 #币安 #加密货币 #Web3 #blockchain