Author: James Wilson
Standard Chartered has launched a tokenized deposit service for corporate clients in Hong Kong, allowing participating institutions to transfer bank deposits around the clock through blockchain infrastructure supported by the Hong Kong Monetary Authority. Summary Standard Chartered has launched a tokenized deposit service in Hong Kong, making it the first market in its global network to offer the solution to corporate clients. The service uses the HKMA’s EnsembleTX infrastructure to enable real time transfers between participating banks, with settlement supported around the clock using central bank money. China AMC, Finloop and PantherTrade have already completed live tokenized deposit transactions and…
Hardware wallet manufacturer Trezor has increased its maximum passphrase length from 50 to 128 characters, citing lessons from cryptocurrency thefts involving vulnerable Coldcard devices earlier this year. Summary Trezor has expanded its wallet passphrase limit from 50 to 128 characters in its October software update. The feature requires updated firmware and supports Model T, Safe 3, Safe 5 and Safe 7 devices. Trezor cited July’s Coldcard attacks, where weak recovery phrases exposed Bitcoin wallets to theft. Strong, unique passphrases reportedly protected some affected Coldcard users from immediate losses. The announcement follows a separate warning about potentially tampered hardware wallets sold…
Ledger’s confirmed implant findings and Trezor’s subsequent warning concern devices bought through the same reseller. The investigations put the route from manufacturer to customer alongside the security of the chip inside the wallet. Summary Trezor disclosed a suspected implant in 1 Safe 5 bought through CryptoBilis in August. Its October 30 notice said the reported device had not yet reached its laboratory. Ledger’s October 13 findings described an implant capturing 24-word recovery phrases through the screen connection. Bitquery’s October 16 investigation counted $102 million across 335 wallets on 6 blockchains. Trezor’s precautionary replacement offer covers CryptoBilis purchases from March 2026…
XRP price has remained near $1.25 at the beginning of November, even as U.S. spot XRP exchange-traded funds reportedly attracted fresh investments during October’s cryptocurrency market decline. Summary XRP price traded near $1.25 on November 2, following a monthly decline of nearly 16%. U.S. spot XRP ETFs reportedly attracted $18.83 million in October, their seventh consecutive positive month. Technical indicators remain bearish, with immediate support at $1.2323 and resistance near $1.2999. Analyst Carolina identified historically weak monthly RSI readings but said a recovery would require stronger buying activity. EGRAG Crypto’s historical analysis found that seven of the past 13 Novembers…
On October 29, 2026, hackers siphoned $6.3 billion from the world’s largest crypto exchange Binance, marking what blockchain analysts call the largest digital asset heist in history and potentially the single largest known theft of any kind. Summary Hackers stole $6.3 billion from Binance on October 29, with blockchain analytics firms attributing the attack to North Korean hackers linked to the Lazarus Group. Altcoin Pro founder Joni Zhuleku said the breach exposed serious weaknesses in exchange security, particularly in the systems responsible for approving transactions and preventing unauthorised transfers. Binance has pledged more than $6.34 billion in company resources to…
Binance founder Changpeng Zhao has thanked the U.S. Secret Service and federal investigators for helping freeze stolen cryptocurrency following the more than $6 billion hack of the exchange last week. Summary Binance founder Changpeng Zhao thanked the US Secret Service and other federal agencies for responding within minutes of the $6 billion hack and helping freeze a significant portion of the stolen cryptocurrency. The Secret Service confirmed that investigators worked with industry partners shortly after the October 29 attack to identify and freeze stolen assets, although the agency did not disclose the exact amount secured. The FBI attributed the theft…
OneKey founder Yishi Wang has warned cryptocurrency holders against storing wallet seed phrases on older iPhones, citing chip-level security vulnerabilities that remain exploitable even after a factory reset or disconnection from the internet. Summary OneKey founder Yishi Wang warns that older iPhones have hardware vulnerabilities that iOS updates cannot fix. Checkm8 affects iPhone 4S through iPhone X, while usbliter8 affects iPhone XS, XR, 11 and second-generation SE models. Attackers need physical access and specialized equipment, while passcodes and the Secure Enclave provide additional protection. Users storing recovery phrases on affected devices are advised to generate new phrases and transfer their…
Binance has resumed USDT, USDC, ETH and BNB withdrawals on Ethereum and BNB Smart Chain, giving customers access to stablecoin transfers for the first time since the October 29 hack that drained approximately $6.3 billion. Summary Binance has restored USDT, USDC, ETH and BNB withdrawals across Ethereum and BNB Smart Chain. Stablecoin withdrawals resumed on November 1, following Bitcoin’s reopening after the $6.3 billion hack. Binance says it has replenished 95% of affected assets, with the remaining 5% awaiting replacement. President Donald Trump said he would discuss the hack with North Korea if its involvement is confirmed. The FBI attributed…
Binance has drawn on a reserve used to absorb losses from bankrupt futures positions as it replaces stolen cryptocurrency. The exchange says it moved only excess funds, while published balances give traders a partial view of the protection that remains. Summary Binance named 3 funding sources for replacing stolen assets, including its futures insurance fund. Swolecharts listed approximately $1.85 billion across Binance’s tracked futures insurance funds at 09:00 UTC on November 1. The tracker listed 649.67 million USDT and 199.98 million USDC in the shared BTCUSDT pool. Binance says a 99.9% confidence level in fund sizing does not guarantee that…
Ethereum price has recovered above $2,250 on November 1, gaining 1.12% to almost $2,270 as Bitcoin approaches $78,000 following last week’s crypto sell-off. Summary Ethereum price has gained 1.12% to nearly $2,270 as Bitcoin recovers toward $78,000. ETH is recovering from October’s losses despite five consecutive sessions of spot Ethereum ETF outflows. U.S. spot Ethereum ETFs recorded $431.4 million in weekly withdrawals, including $155.7 million on Friday. CryptoQuant data shows 43.8 million ETH staked, representing about 35.9% of Ethereum’s circulating supply. Analysts are watching $2,250 support and $2,300 resistance, while funding rates point to increased short positioning. According to crypto.news…