Binance Hacked for $6.3B, Fed Holds Rates, Bitcoin Crashes to 6-Week Low: Weekly Crypto Recap
🔒 **Major Hack Alert**: Binance suffered a significant hack, resulting in losses estimated at $6.3 billion, marking the largest breach in crypto history and causing Bitcoin to plummet to a six-week low of $76,400.
📉 **Market Reactions**: Following the hack, Bitcoin and most altcoins experienced sharp declines, with liquidations soaring to $1.5 billion and over 235,000 traders affected in just one day.
🏦 **Ripple's Milestone**: Ripple received final approval from the OCC to establish the Ripple National Trust Bank, highlighting a significant regulatory achievement amidst a turbulent week for the crypto market.
🔒 **Major Hack Alert**: Binance suffered a significant hack, resulting in losses estimated at $6.3 billion, marking the largest breach in crypto history and causing Bitcoin to plummet to a six-week low of $76,400.
📉 **Market Reactions**: Following the hack, Bitcoin and most altcoins experienced sharp declines, with liquidations soaring to $1.5 billion and over 235,000 traders affected in just one day.
🏦 **Ripple's Milestone**: Ripple received final approval from the OCC to establish the Ripple National Trust Bank, highlighting a significant regulatory achievement amidst a turbulent week for the crypto market.