Federal Reserve Bank of St. Louis President Alberto Musalem said further interest-rate increases are necessary to return inflation to the central bank's target. Musalem said in remarks prepared for an event on Friday that monetary policy needs to tighten soon.
Eleven years after Europe floated plans for common deposit insurance across its member states, its successor is taking shape https://www.bloomberg.com/news/articles/2026-10-29/eu-officials-debut-new-effort-to-break-deposit-scheme-deadlock?taid=6ae40004f64aaa00017c95f1&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
Binance loses about $6.3 billion in largest recorded cryptocurrency theft
Hackers took about $6.3 billion from Binance on Thursday, making the breach the largest cryptocurrency theft on record. Onchain investigators attributed the attack to hackers backed by North Korea. Binance pledged full reimbursement and said the exchange had allocated more than $6.34 billion of company money to cover losses. Binance's withdrawals remained suspended on Friday afternoon. Binance aims to restart withdrawals within 40 hours after co-CEO Richard Teng's latest update and release a full proof-of-reserves report by Monday.
Gate CEO urges crypto security alliance as Gate proposes 48-hour withdrawal delay
Bitcoin.com News reported that Gate founder and CEO Lin Han urged the crypto industry to form a security alliance immediately. Lin called for common security standards, intrusion detection protocols and emergency response mechanisms following a Binance security incident involving approximately $6.3 billion in losses. Gate proposed a split-key vault with a 48-hour withdrawal delay so users could freeze funds. Gate also said the platform had flagged hacker addresses and would freeze illicit funds arriving on Gate.
Industry voices have renewed calls for rate limits following record outflows. The proposed safeguards include time delays and aim to reduce the damage from future cryptocurrency thefts.
Uber gains 1.5 extra days of yield through blockchain investment pilot
Uber Technologies earned an additional 1.5 days of yield on idle corporate cash through a blockchain investment pilot with HSBC and Franklin Templeton. Uber bought a Franklin Templeton tokenized money market fund on Thursday using HSBC tokenized bank deposits and sold the investment on Sunday. Traditional corporate treasury operations typically sell investments before Friday's market close. HSBC's Manish Kohli said the pilot showed technical readiness, with plans to extend access to U.S. corporate customers and broaden investment choices.
A cyberattack on Binance became the largest cryptocurrency hack on record, with losses reportedly around $6.3 billion. The theft exceeded four times the size of last year's $1.5 billion attack on Bybit.
zkLink offers up to 20% bounty to help recover funds after Nova security incident
zkLink has announced rewards of up to 20% of recovered funds for information that materially helps recover funds affected by the zkLink Nova security incident. zkLink will determine eligibility and reward amounts according to the information's value. The exploiter may retain 20% as a white-hat bounty if the exploiter returns all funds. Under that condition, zkLink pledges not to pursue further legal action concerning the returned funds.
Tether reports $191.5 billion in Q3 reserves and $1.5 billion net operating profit
Tether's Q3 2026 attestation reports reserve assets of $191.5 billion at the quarter's end. The report puts direct and indirect holdings of U.S. Treasuries at $132.4 billion. Net operating profit reached $1.5 billion in Q3, unchanged from Q2, according to the report. Excess reserves increased to $7.95 billion from $4.1 billion at the end of Q2, nearly doubling.
Allora afirma que los ALLO robados están congelados y se están devolviendo íntegramente a Binance
Allora dijo que los ALLO robados de Binance han sido congelados y se están devolviendo íntegramente a Binance. Allora afirmó que el equipo utilizó el mecanismo de protección de emergencia del contrato del token para impedir que el atacante transfiriera, vendiera o utilizara los tokens robados. Allora señaló que ni la red ni el contrato del token se vieron comprometidos y que los ALLO fuera de Binance no se vieron afectados.
Bitcoin, Ethereum and XRP fall more than 4% as analyst weighs buying levels
Bitcoin, Ethereum and XRP have each fallen more than 4% on the day. Chart analyst Ali Martinez identified Bitcoin's next major support near $73,000 and plans to reassess buying opportunities there. Martinez warned that Ethereum's apparent chart-pattern breakdown suggests a possible decline toward $2,000, where Martinez would assess support before considering buying. XRP could fall toward $1 if XRP fails to regain the parallel channel's mid-range support.
Binance reserves over $6.34 billion to cover hack losses, CEO says
Binance CEO Richard Teng said the exchange has allocated more than $6.34 billion of company funds to replace assets stolen in this week's hack. Teng said customer funds were untouched and Binance will cover every loss. Teng said $5 billion of the reserve consists of the same tokens that were stolen. Teng said an EIP-7702 delegation bypassed Binance's usual approval procedures, prompting the exchange to suspend withdrawals. Binance aims to resume withdrawals by Sunday and release a complete proof of reserves report by Monday.
Binance descubre más brechas en el hackeo de 6.300 millones de dólares y prevé reanudar los retiros el domingo
El codirector ejecutivo de Binance, Richard Teng, dijo el viernes que los investigadores encontraron brechas de seguridad adicionales en el hackeo de 6.300 millones de dólares, además de la computadora portátil de un empleado que inicialmente se sospechó que había sido comprometida. Teng dijo que Binance espera reanudar los retiros para el domingo, en aproximadamente 40 horas. Teng reiteró el compromiso de Binance de cubrir todas las pérdidas con fondos de la empresa. Teng dijo que los atacantes apuntaron a la propia billetera caliente de Binance, no a los fondos de los clientes. Sin embargo, un examen de los datos de reservas de Binance reveló que las billeteras comprometidas habían figurado anteriormente entre los activos que respaldaban los saldos de los clientes.
CZ urges Musk to stop apparent mockery of Binance after $6.4 billion hack
Binance co-founder Changpeng Zhao asked Elon Musk on Friday to stop apparently mocking Binance following a $6.4 billion cryptocurrency theft. Zhao, known as CZ, said Binance's $500 million investment in Musk's Twitter takeover is now worth more than $1 billion in SpaceX shares. Binance co-CEO Yi He said annual revenue can cover the losses without selling those shares. CZ later said CZ had never proposed selling the shares. Binance said the exchange has reserved more than $6.34 billion in company funds to cover the incident.
Texas brothers receive 15 and 15.5 years for $8 million crypto robbery
Raymond Christian Garcia and Isiah Angelo Garcia received prison terms of 15 years and 15.5 years, respectively, on Friday for an $8 million cryptocurrency robbery. The Texas brothers held a Minnesota family at gunpoint for nine hours during the September 2025 robbery. Both brothers pleaded guilty in June to one count of interference with commerce by robbery. Police traced the brothers to Waller, Texas, using a Wendy's receipt, motel surveillance footage and a rental car.
Binance founder Changpeng Zhao and Elon Musk confronted each other on X following a hack of Binance. The hack prompted debate about whether Binance could absorb the losses and how the cryptocurrency industry could become safer.
Hackeo de Binance: ¿dónde están ahora las monedas?
Red Ethereum. El atacante extrajo unos $3.70B de Binance 14, Binance 7 y una billetera caliente de Binance y los envió a una única dirección receptora; luego los dividió.
Tether y Circle actuaron rápido. Se congelaron $2.20B en stablecoins ($1.38B USDT y $823M USDC) repartidos en tres direcciones, los nodos rojos.
Antes de que se aplicara la congelación, el hacker vendió unos $435M USDT por ETH a través de 0x Protocol, 1inch, LiFi y Uniswap, los cuatro centros de intercambio del medio del gráfico. Nada ha pasado por un exchange centralizado, un puente o un mezclador.
Otros $60M USDT están bloqueados como garantía en Aave v3, respaldando un préstamo de 19.8K WETH.
Lo que el hacker aún controla: 462.6K ETH (unos $1.04B) en 11 direcciones; tres de ellas contienen el 85% del total. Además, tiene aproximadamente $0.40B en otros tokens (XAUT, WBETH, ENA, RLUSD, USD1 y una larga lista de otros) que se están vendiendo en fondos de liquidez DEX, desde una billetera a la vez.
En la red Bitcoin, los 18,270 BTC (unos $1.42B) salieron de una billetera fría de Binance, pasaron por una dirección provisional y llegaron a 19 direcciones nuevas. 17 de ellas contienen exactamente 1,000 BTC, y ninguna se ha movido desde entonces.