$USDC : Jupiter Lend’s withdrawal liquidity rebounds from near zero to 29 million USDC ━━━━━━━━━━━━━━━━━━━━
• The 09:25:56 UTC API reading on October 31 put available USDC at about 6.6% of reported total assets. • Jupiter Lend's reported USDC withdrawal liquidity stood at about 29 million USDC in a 09:25:56 UTC reading on Oct. • 31, easing the immediate cash constraint at Jupiter's lending product after near-zero availability the previous afternoon. • Bitquery reported that only $88.89 of USDC was free to withdraw at 16:18 UTC on Oct. • 30, against $416 million owed to Jupiter Lend's USDC savers.
Binance said Saturday it had replenished 90% of the assets stolen in its $6.3 billion hack, up from 80% a day earlier, and remained on track to resume withdrawals Sunday.
The update follows Thursday’s theft , the largest cryptocurrency hack on record, which TRM Labs has since attributed to North Korea’s TraderTraitor hacker group. Following the hack, Binance said Friday it had set aside $6.34 billion to cover losses, including $5 billion in the affected cryptocurrencies.
Prediction markets bring Robinhood $173 million as crypto revenue slumps ━━━━━━━━━━━━━━━━━━━━
• Robinhood's quarterly event revenue, Coinbase's annualized milestone and Gemini's smaller Q2 business show how uneven the diversification remains. • 29 that its prediction markets business had surpassed $200 million in annualized net revenue, adding another income stream as crypto trading platforms seek growth beyond digital asset transactions. • Robinhood's crypto revenue fell 55% from a year earlier, giving its event business an immediate financial role. • The earnings show prediction markets becoming a source of platform revenue, but they represent a substantial quarterly contribution at Robinhood, a growing annualized measure at Coinbase , and a much smaller business in Gemini's earlier results.
$BTC : Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B ━━━━━━━━━━━━━━━━━━━━
Tether reported $1.5 billion in third-quarter operating profit as its excess reserves nearly doubled to $7.95 billion, according to figures released alongside its latest attestation prepared by independent accounting firm BDO.
The company held $191.5 billion in assets against $183.5 billion in liabilities at the end of September, leaving a reserve surplus of $7.95 billion, nearly double the $4.1 billion reported in June. Its assets included $132.4 billion in direct and indirect US Treasury bill holdings.