$6.3B walked out of Binance in one night, and $BTC is still sitting around $76.9K. That's the part I keep staring at.
Quick facts: biggest crypto hack on record. Binance says the entry point was a compromised DevOps laptop, about $3B is already frozen (Tether and Circle alone locked ~$2.4B in stablecoins), all user losses will be covered, and withdrawals should restart within ~40 hours. $ETH sits near $2,240, $BNB and SOL were down ~7% at the worst.
The bigger hit came from Wall Street though. Nasdaq -2.9%, S&P 500 -1.8% after Intel's -29% day and a weak Amazon print. Coinbase (COIN) dropped double digits on a Q3 revenue miss plus the hack headline
What I'm watching: $75K on BTC, and whether Binance reopens withdrawals on time. A delay could mean a second leg down. On time, and I think this panic gets faded.
#Binance #BTC #CryptoNews
Quick facts: biggest crypto hack on record. Binance says the entry point was a compromised DevOps laptop, about $3B is already frozen (Tether and Circle alone locked ~$2.4B in stablecoins), all user losses will be covered, and withdrawals should restart within ~40 hours. $ETH sits near $2,240, $BNB and SOL were down ~7% at the worst.
The bigger hit came from Wall Street though. Nasdaq -2.9%, S&P 500 -1.8% after Intel's -29% day and a weak Amazon print. Coinbase (COIN) dropped double digits on a Q3 revenue miss plus the hack headline
What I'm watching: $75K on BTC, and whether Binance reopens withdrawals on time. A delay could mean a second leg down. On time, and I think this panic gets faded.
#Binance #BTC #CryptoNews
