🚨 Market & Security Update: Binance Net Outflows, North Korea Hack Link & Macro Watch 📉🌍
The crypto landscape is moving fast with massive headlines hitting the new week:
Binance Recovery & Outflows: Following recent phased withdrawals after the security incident, Binance reported a net outflow of $3.64B (withdrawals of $4.65B vs. deposits of $1.01B), which accounts for roughly 2.1% of total assets. Meanwhile, Binance stated it has covered around 95% of the $6.3 billion stolen.
FBI Attribution: The FBI has formally attributed the major theft to North Korea’s TraderTraitor hacker group.
THORChain ($RUNE): Fell 6.4% (the biggest loss in the CoinDesk 100) after the FBI, Secret Service, and IRS Criminal Investigation urged node operators to block addresses linked to the hackers.
Macro & TradFi Cues: Traders are closely watching Apple’s earnings, Tuesday’s U.S. midterm elections, and Friday’s jobs report. Currently, Nasdaq-100 futures are up 0.8%, while Brent crude is down 4%.
📊 Check the chart above for a detailed breakdown of Binance's phased withdrawal flows.
What are your thoughts on current market stability and the upcoming macro week? Let's discuss below! 👇
$BTC ETHSOL RUNEBNB #Binance #CryptoNews #MarketUpdate #FBI #CryptoSecurity
The crypto landscape is moving fast with massive headlines hitting the new week:
Binance Recovery & Outflows: Following recent phased withdrawals after the security incident, Binance reported a net outflow of $3.64B (withdrawals of $4.65B vs. deposits of $1.01B), which accounts for roughly 2.1% of total assets. Meanwhile, Binance stated it has covered around 95% of the $6.3 billion stolen.
FBI Attribution: The FBI has formally attributed the major theft to North Korea’s TraderTraitor hacker group.
THORChain ($RUNE): Fell 6.4% (the biggest loss in the CoinDesk 100) after the FBI, Secret Service, and IRS Criminal Investigation urged node operators to block addresses linked to the hackers.
Macro & TradFi Cues: Traders are closely watching Apple’s earnings, Tuesday’s U.S. midterm elections, and Friday’s jobs report. Currently, Nasdaq-100 futures are up 0.8%, while Brent crude is down 4%.
📊 Check the chart above for a detailed breakdown of Binance's phased withdrawal flows.
What are your thoughts on current market stability and the upcoming macro week? Let's discuss below! 👇
$BTC ETHSOL RUNEBNB #Binance #CryptoNews #MarketUpdate #FBI #CryptoSecurity
