Author: James Wilson
Binance hacker-linked wallets have begun moving nearly $96 million in stolen Solana (SOL) toward Bitcoin conversions, opening another round of asset transfers after the October 29 attack on the cryptocurrency exchange. Summary Lookonchain says the Binance hacker is converting 970,522 stolen SOL, valued at $95.9 million, into Bitcoin. The attacker moved 486,970 SOL worth $46.4 million within one hour, with Relay Protocol identified as the swap route. Earlier transactions reportedly converted more than 130 altcoins into $277.26 million in ETH and $1.69 million in USDC. A separate PROM token sale reportedly returned only 0.0316 ETH, worth $71, from tokens valued…
China’s Communist Party has called for stricter action against corruption involving cryptocurrencies, blockchain technology and cross-border financial transfers under a resolution adopted by its Central Committee on October 29. Summary China’s Communist Party has called for tougher action against corruption involving virtual currencies, blockchain and cross-border capital. The October 29 resolution targets officials who conceal bribes, misuse public power or move illicit assets through intermediaries. The document calls for stronger international cooperation, investigations into overseas corruption and recovery of stolen assets. The resolution does not introduce a new cryptocurrency trading ban or specifically name USDT, OTC desks or offshore exchanges.…
Ripple has released 1 billion XRP from escrow on November 1 through two transactions worth roughly $624 million each, drawing attention on social media despite following the company’s established monthly schedule. Summary Ripple released 1 billion XRP on November 1 through two scheduled transactions of 500 million XRP each. Blockchain trackers identified both transfers as routine monthly escrow releases, despite social media claims of unusual activity. Ripple re-locked 700 million XRP in October, following its established practice of returning unused tokens to escrow. No November re-lock transactions had been confirmed in the initial reports, leaving the month’s net release unsettled.…
Fifty publicly traded companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange. Summary Fifty companies have objected to having their shares tokenized and traded on OKXICE, according to its October 30 notice. Nvidia, Nike, Costco, Micron and Reddit are among 12 companies added since the October 28 disclosure. The list has grown from 26 objectors on October 26 to 50, as companies exercise their rights under SEC rules. A timely objection prevents unaffiliated third-party tokens of the company’s shares from trading on OKXICE…
Michael Saylor has hinted at another Bitcoin purchase by Strategy, posting his familiar orange-themed accumulation chart on Sunday as BTC trades near $78,000 following the $6.3 billion Binance hack. Summary Michael Saylor has hinted at another Strategy Bitcoin purchase with his familiar Sunday orange-chart post. Strategy held 848,517 BTC as of October 25, according to its latest quarterly results. Bitcoin traded near $77,804 on Sunday, while Strategy’s September 30 average purchase cost stood at $75,437. U.S. spot Bitcoin ETFs lost $643.2 million on October 30, leaving October with roughly $516 million in net outflows. Strategy’s STRC preferred stock closed at…
Premia Labs has suffered an estimated $464,600 cryptocurrency exploit on Arbitrum, with the attacker reportedly moving stolen funds across blockchains before converting them into Bitcoin. Summary PeckShield reported that Premia Labs lost approximately $464,600 in an exploit targeting its options vaults on Arbitrum. Blockaid traced the attack to empty options pools, flash loans and transactions that allowed the attacker to withdraw vault collateral. The stolen assets reportedly moved from Arbitrum to Ethereum before being converted into Bitcoin through Chainflip and NEAR Intents. Independent on-chain analysis identified six affected vaults containing WBTC, WETH, USDC.e and ARB. The attack follows several cryptocurrency…
Bitcoin has climbed back toward $78,000 on November 1, while Lighter (LIT) has gained around 18% and several smaller cryptocurrencies have recorded double-digit moves despite relatively quiet trading among major altcoins. Summary Bitcoin traded near $78,000 on November 1, recovering from the selling that followed Binance’s $6.3 billion hack. Lighter (LIT) gained around 18% to $3.19, outperforming most major cryptocurrencies during Sunday’s trading. CoinGecko data showed Dessa, dKargo and Powerledger among the strongest gainers, while FUNToken and UnifAI fell. Ethereum and BNB recorded modest gains, while Solana and XRP remained relatively quiet. Analyst Ali Martinez named INJ, SUI, NIGHT, PENGU…
Cardano has outlined new proposals for regulated stablecoins and quantum-resistant signatures in its November 1 improvement proposal roundup, alongside ongoing governance metadata discussions and two completed documentation items. Summary Cardano’s November 1 CIP roundup features proposals covering regulated stablecoins and post-quantum signature verification. A stablecoin draft seeks common compliance requirements so wallet providers can support multiple programmable tokens. CIP-0206 proposes two quantum-resistant signature verification functions for Plutus smart contracts. Developers are reviewing governance metadata rules, particularly support for different signing methods. CIP-0204 and CPS-0037 have completed documentation milestones, although their status does not mean every proposed feature is operational. According…
Aave’s market freezes have drawn scrutiny after a social media post claimed a Binance-linked attacker deposited $60 million in stolen USDT and borrowed roughly 19,762 ETH before issuer freezes took effect. Summary Emilio described the market freezes as a precaution to help issuers seize stolen funds. A separate post claimed the attacker borrowed 19,762 ETH against $60 million in USDT. Morpho’s Paul Frambot defended isolated lending markets as a way to contain financial contagion. Marc Zeller challenged Morpho’s protections, pointing to differences in emergency controls and loss coverage. Emilio, posting on X, said the intervention was intended to prevent attackers…
Monad co-founder Keone Hon has urged crypto teams to make security their top priority, sharing operational-security guidance and promoting the foundation’s open-source Ultrafuzz tool as attackers gain access to more capable AI. Summary Hon has encouraged developers to run Ultrafuzz on their contracts and strengthen operational security. Monad’s OpSec guide covers phishing, credential management, employee devices, and third-party account permissions. Ultrafuzz was open-sourced in September, before Hon’s latest appeal for teams to use it. The guide’s cited control-hijacking losses include leaked keys and supply-chain attacks alongside social engineering. Monad Foundation’s resources cover both the software teams deploy and the accounts,…