Author: James Wilson

Binance’s $6.34 billion hack has driven heavy cryptocurrency withdrawals and some of Bitcoin’s most negative social sentiment on record, while futures traders have maintained billions of dollars in positions, according to Santiment. Summary Bitcoin sentiment fell to 0.37 positive comments per negative comment following the Oct. 29 breach. Binance-associated wallets recorded roughly 28,316 BTC in net outflows through Nov. 5. Bitcoin and Ethereum futures open interest remained near $8.97 billion and $8.03 billion, respectively. ENA withdrawal activity reached 169 addresses in one hour, compared with the usual 20–25. Santiment’s Nov. 6 report examined exchange flows, social commentary and derivatives activity…

Gnosis Pay disclosed a customer data breach on Nov. 6 affecting the legacy system behind its branded payment cards, saying funds were unaffected and extra security checks would remain in place until the platform’s planned December closure. Summary Unauthorized access was detected Nov. 3, with containment beginning within two hours, according to Gnosis Pay. Affected customers received individual emails explaining what information had been taken from their accounts. Mandatory 3D Secure checks now apply to all online card payments until the consumer system closes. Users questioned the company’s response and raised concerns about phishing following the exposure of personal information.…

The $6.36 billion Binance hack has caused a smaller and shorter withdrawal wave across DeFi lending markets than April’s $292 million Kelp DAO exploit, according to findings shared by Sentora. Summary $1.59 billion left lending markets after Binance’s breach, with 60% returning within three days. Kelp’s smaller exploit prompted $10.9 billion in withdrawals over five days, according to Sentora. Circle froze 823 million USDC before the attacker could move the tokens onward. Investigators have traced $124 million converted from other stolen assets into Bitcoin. According to insights Sentora shared with crypto.news, lending protocols recorded $1.59 billion in net outflows in…

Zcash has recovered above $1,370 on Nov. 6, gaining 7.11% on its daily chart as traders watch whether a breakthrough of resistance can support a November rally toward $1,500 and potentially $2,000. Summary ZEC reached $1,388 after recovering from a weekly low near $1,120. Daily RSI rose to 58.42 as price moved above the upper Bollinger Band. Analysts Ardi and Altcoin Sherpa identified $1,350–$1,370 as a key breakout region. Support around $1,240–$1,250 sits beneath the latest recovery, with deeper support near $1,120. The daily chart showed Zcash at $1,372.20 at 14:54 UTC, following a session that opened at $1,281.11 and…

Former FBI agent Patrick Steven Yaroch has pleaded guilty to wire fraud and money laundering after stealing approximately $2.47 million in cryptocurrency through nearly 100 unauthorized transfers linked to 35 federal investigations. Summary Former FBI agent Patrick Yaroch pleaded guilty to stealing $2.47 million in cryptocurrency using investigative credentials. Prosecutors identified approximately 100 fraudulent cryptocurrency transfers involving wallet credentials linked to 35 FBI investigations. Yaroch laundered stolen cryptocurrency through multiple transactions and used some proceeds to repay personal debts. The former agent consulted ChatGPT about relocating to Portugal and subsequently engaged lawyers for tax registration. Yaroch faces up to 20…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Democrats take control of the U.S. Congress, concerns about the future regulatory direction and potential risks facing the cryptocurrency industry continue to grow.  Against this backdrop, major cryptocurrencies and traditional stock markets came under pressure simultaneously on Thursday, experiencing significant sell-offs. Bitcoin briefly fell to approximately $75,200, marking its lowest level since mid-September, while Ethereum dropped to $2,206, recording a single-day decline of more than 7%. Market risk aversion intensified further. As a result, an increasing number of…

NEAR Protocol price has fallen nearly 7% to $3.74 on November 6 as heavy cryptocurrency liquidations and losses across US technology stocks have pushed the token toward critical support levels. Summary NEAR Protocol price fell 7% to $3.74 as cryptocurrency liquidations exceeded $1 billion across markets. NEAR’s approved issuance reduction proposal has failed to prevent further losses amid widespread cryptocurrency selling pressure. Analyst Ali Martinez identified a TD Sequential buy signal, targeting potential recoveries toward $4.30 and $4.80. NEAR faces immediate support around $3.60, with a breakdown potentially exposing lower levels near $3.20. Technical indicators remain bearish despite analysts identifying…

Ripple and C2FO want suppliers to receive early payments through the XRP Ledger. Their plan puts a dollar stablecoin at the centre of settlement, making the route from more business on the network to more demand for XRP worth examining. Summary Ripple and C2FO plan to bring financing and settlement for Instant Pay onto the XRP Ledger so suppliers can receive funds against approved invoices. The companies named RLUSD as the settlement currency, meaning suppliers would receive a dollar stablecoin even though the payments would use the XRP Ledger. The ledger charges transaction fees in XRP and requires account reserves,…

Blockchain analytics firm Chainalysis has confirmed that hackers exposed password hashes and live tokens belonging to its users during a cyberattack that forced several of its investigation and transaction monitoring services offline. Summary Chainalysis confirmed that customer names, usernames, password hashes and live tokens belonging to all users were exposed to a malicious actor during a cyberattack. The company took KYT, Reactor, Data Solutions and other screening products offline after detecting suspicious activity, with some customer accounts potentially accessed without authorization. Chainalysis identified an on path attack that exposed a subset of customer passwords and said the attack method had…

Hyperliquid Strategies Inc. (NASDAQ: PURR) has applied to establish a U.S.-regulated futures commission merchant business while reporting $620.6 million in net income for the quarter ended September 30, largely driven by gains in its HYPE token holdings. Summary Hyperliquid Strategies reported $620.6 million in quarterly net income, largely driven by $803 million in unrealized HYPE gains. A subsidiary has applied for futures commission merchant registration to serve proposed U.S. perpetual futures markets. The company purchased 9.1 million HYPE tokens during the quarter, increasing its September 30 holdings to approximately 38.5 million. Hyperliquid Strategies raised $911 million in equity capital during…