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Coinbase's third-quarter SEC filings show that three executives established trading plans allowing sales of up to 13.6 million COIN shares. The shares were worth approximately $2.2 billion at the October 29 closing price. CEO Brian Armstrong's plan permits sales of up to 8.17 million shares, subject to predetermined price conditions. The plans authorize potential future sales and do not establish that any covered shares have been sold.

Nasdaq futures fell 2.3% on Friday as major technology stocks declined. S&P 500 futures lost 1%, while Dow Jones Industrial Average futures were flat. Bitcoin fell about 3% to $77,695 following a $6.36 billion hack at Binance. Binance halted deposits and withdrawals temporarily. Amazon shares fell nearly 7% before the market opened after disappointing quarterly results and a cautious holiday-quarter sales forecast. Intel shares dropped more than 25% in premarket trading after a weaker-than-expected fourth-quarter outlook. Alphabet shares edged lower before Friday's opening after losing more than 12% on Thursday.

Ethereum Layer 2 network Scroll plans to make its existing network permissioned and move SCR and USX to the Ethereum mainnet. Scroll said detailed transition proposals will be submitted for governance review. Scroll is preparing assistance for users to review positions and safely move or withdraw assets during the transition.

BNB Chain said the Binance security incident did not affect BNB Smart Chain, opBNB, BNB Greenfield or the BNB Chain cross-chain bridge. BNB Chain said all networks remain operational and all funds on BNB Chain are safe. BNB Chain pledged continued cooperation with ecosystem partners to improve security and preserve trust in the industry.

Some market observers suggest that an approximately $6.3 billion hack of Binance may temporarily deter project teams, venture capital firms and associated wallets from selling altcoins. TRM Labs and Chainalysis have each linked the attack to North Korea with high confidence. Binance has pledged to cover user losses using Binance's protection fund and company resources. Approximately $3 billion of the stolen assets have been located, and about half of those assets have been frozen through stablecoin issuers including Tether and Circle.

This roundup covers a roughly $6.4 billion theft from Binance and a proposed regulated US perpetual futures venue built on Hyperliquid. Binance said customer funds were safe and later announced more than $6.34 billion in company funds to cover losses. Tether and Circle froze about $2.39 billion linked to the theft. Trade.xyz announced on Thursday that New York Stock Exchange owner Intercontinental Exchange is investing in Trade.xyz. The proposed venue requires CFTC approval. HYPE rose more than 20% at the peak before retreating following the Binance hack.

European Central Bank policymakers said on Friday that further interest rate increases may be needed to contain high inflation and stop price pressures spreading into wages. The ECB unanimously kept rates unchanged on Thursday after discussing an increase. LSEG data show investors pricing a two-in-three chance of a December increase and almost three increases over the coming year. Bank of Italy Governor Fabio Panetta cautioned that the ECB should account for higher bond yields, which are already raising borrowing costs.

Hackers took $6.3 billion from Binance in the largest cryptocurrency theft worldwide. Insurance coverage varies with asset storage, the method of attack and policy terms. Exchanges can meet losses through insurance, company capital and emergency reserves, but standard crime and cyber policies generally do not insure the full value of stolen cryptocurrency. Binance's website says the Secure Asset Fund for Users holds roughly $1 billion in crypto assets as of 2026, all in bitcoin. Binance did not immediately answer a request for comment about insurance coverage.

Japan's Financial Services Agency has published a 609-page commissioned study of overseas financial regulation, CoinPost reported. Atsumi & Sakai, a Japanese law firm, authored the study covering eight countries and regions to inform Japan's financial system planning and legislation. The study examines crypto asset exchanges, stablecoins and real-world asset tokenization. The study says China's rules generally prohibit domestic real-world asset tokenization activities, with exceptions requiring approval from competent authorities and use of specific financial infrastructure.

TRM Labs and Chainalysis attributed this week's approximately $6.4 billion Binance hack to TraderTraitor, a North Korean hacking group. Chainalysis said investigators observed stolen Binance funds mixing with proceeds from last month's Bitget exploit, previously attributed to North Korean actors. North Korea has previously rejected hacking allegations. Binance said on Friday that the exchange had reserved more than $6.34 billion of company funds to cover losses, including $5 billion already held in the stolen tokens. Binance estimated that about $3 billion in assets had been frozen.

More than three dozen companies oppose plans to tokenize the companies' stocks through a pilot program supported by the Securities and Exchange Commission. The objections threaten the initial scope of OKXICE, which hopes to tokenize shares of more than 60 companies and begin operating in the coming days. Companies question investor protections, trading arrangements and issuer involvement, while proponents argue tokenized stocks can trade globally at lower costs around the clock. This roundup also covers election candidates seeking tighter restrictions on corporate housing investors. Industry representatives argue that large investors help maintain mobile home communities and that insufficient housing supply causes unaffordable rents.

Dragonfly Managing Partner Haseeb Qureshi said the market responded entirely differently to a Binance hack involving over $6 billion than to FTX's collapse. Qureshi said Bitcoin and the wider crypto market declined only a few percentage points despite the amount involved being about 25% below FTX's funding gap. Qureshi said the market generally expects Binance to repurchase the affected assets and absorb the losses. Qureshi argued that the response demonstrates that the crypto industry has matured and progressed.

Binance CEO He Yi said Binance is purchasing altcoins through over-the-counter and on-exchange trading in quantities that fully match the stolen assets. He Yi said the purchases aim to complete Binance's Proof of Reserves (PoR). Previously disclosed stolen assets include 233.46 million XRP, 970,500 SOL and 46.4 million TRX. The hacker sold seven tokens and converted the proceeds into 70,480 ETH, with total proceeds of approximately $158.25 million.

Binance said the exchange has allocated over $6.34 billion to cover losses from the largest cryptocurrency theft in history. Binance already holds $5 billion in the affected cryptocurrencies and is buying the remaining tokens with corporate funds to restore user balances one-for-one. A company spokesperson said $3 billion has been frozen separately with help from industry partners. Blockchain analysis firms, including Chainalysis and TRM Labs, attributed the attack to North Korean hackers with high confidence. Binance continues to accept deposits but has suspended withdrawals during security checks.

A person familiar with the situation said Binance is cooperating with law enforcement worldwide after hackers stole a record $6.3 billion from the platform. The person said the agencies include the FBI and the US Secret Service. The US embassy in London declined to comment. The US Secret Service did not answer an emailed request for comment sent outside US hours.