Author: James Wilson

Tachyon Group and Shielded Labs have proposed cutting off Zcash Community Grants’ future funding and requiring a 50,000 ZEC treasury donation, while keeping the program open to support new grants. Summary ZCG’s 8% block subsidy allocation would move into a separate development and legal defense lockbox. The committee would retain its remaining treasury and continue funding community projects. A 50,000 ZEC donation would be due within 30 days of community acceptance. Redirecting future funding would require a network upgrade after NU7. Zcash co-founder Zooko Wilcox announced the joint proposal on Oct. 30, describing a compromise developed by Tachyon Group, led…

Bitcoin treasury companies have accumulated 1.3 million BTC across 180 listed firms, with Bitfinex questioning whether investor demand for discounted preferred shares could weaken the financing behind further purchases. Summary Strategy holds 848,517 BTC, representing roughly two-thirds of the corporate total cited by Bitfinex. STRC closed at $99.34 on Oct. 29, just below its $100 stated value. Strive purchased 6,182 BTC during Oct. 17–23, bringing its holdings to 43,000 BTC. Strategy’s approved dividend changes include daily record dates, with weekend payments grouped under settlement rules. Bitfinex’s Oct. 30 analysis examines how Strategy and Strive are using preferred shares to finance…

Coinbase CEO Brian Armstrong and two other company insiders have adopted stock trading plans covering approximately 13.6 million Class A shares, with potential sales scheduled to begin between November 2026 and January 2027. Summary Coinbase CEO Brian Armstrong, director Fred Ehrsam and President Emilie Choi have adopted trading plans covering approximately 13.6 million Class A shares, according to the company’s latest SEC filing. Armstrong’s plan covers up to 8.17 million shares, with potential sales beginning November 16, 2026, and continuing through October 22, 2027, subject to specified share price conditions. Ehrsam’s arrangement covers up to 3.87 million shares, while Choi’s…

Binance has begun buying back cryptocurrencies stolen in its $6.3 billion security breach, using company reserves and market purchases to replace affected assets in matching token amounts as investigators continue tracing the stolen funds. Summary Binance says it has reserved more than $6.34 billion to cover losses from the October 29 security breach. The exchange already holds $5 billion in the affected tokens and is buying the remaining assets through exchanges and OTC desks. Co-founder Yi He says Binance is using its SAFU fund and company holdings, including BTC and ETH, to replace stolen altcoins. Chainalysis has linked the attack…

Binance has promised to cover every customer loss after a breach it estimates affected $6.3 billion. Its recovery effort now involves several different processes, from stablecoin freezes to tracing assets that no token issuer can block. Summary Binance estimates that the October 29 breach affected approximately $6.3 billion. The exchange says partners have frozen roughly $3 billion in affected assets. TRM Labs traced transfers across 10 blockchains and values the original outflows at $6.36 billion. Blockaid identified 50 Ethereum authorizations in a transaction targeting Binance 14. Binance has pledged to cover losses through 2 sources, its SAFU fund and company…

PEPE price has fallen toward $0.0000049 on October 30 after the attacker behind the Binance hack reportedly sold 7.77 trillion tokens worth nearly $31.66 million, adding pressure to an already volatile cryptocurrency market. Summary PEPE price traded near $0.0000049 on October 30 after a volatile session that took the token as low as $0.0000044. Lookonchain reported that the Binance attacker sold 7.77 trillion PEPE worth approximately $31.66 million. A trader known for an early PEPE investment reportedly bought another 45.08 billion tokens after the sale. PEPE futures volume climbed as open interest fell, showing traders reducing outstanding leveraged positions. Technical…

Gemini founders Cameron and Tyler Winklevoss have called for Zcash to scrap its community grants committee and give ZEC holders more control over funding decisions, as disagreements over the program’s $125 million treasury continue to grow. Summary Cameron and Tyler Winklevoss have called for Zcash to scrap its community grants committee, arguing that ZEC holders should have a direct say over how development funds are distributed. Tyler Winklevoss has accused the committee of lacking accountability and questioned its handling of a treasury that Zcash cofounder Sean Bowe recently valued at more than $125 million. The dispute has divided community members,…

Kraken has resolved a trading disruption that prevented some customers from accessing its platform and submitting orders across spot and derivatives markets for approximately one hour on October 30. Summary Kraken reported connectivity and order placement problems affecting spot and derivatives trading on October 30. The disruption began at 02:42 UTC and was resolved at 03:42 UTC, according to the exchange’s official status page. Website, mobile, REST, WebSocket and FIX connections were among the affected services. Some customers reported being unable to trade or withdraw funds, while others encountered error messages. Separate speculation about more than $130 million in alleged…

Polymarket has said it has fixed an issue affecting its international platform after a third-party provider was compromised, while StarPlatinum has alleged that users lost $2.68 million. Summary Polymarket has restricted trading and paused relayer actions while investigating an incident. A trader named Car reported losing $800,000 and said all his positions were sold. StarPlatinum alleged $2.68 million in losses, without official confirmation of the amount or cause. Polymarket said a third-party provider was compromised and referred the incident to law enforcement. Polymarket’s incident notice records the disruption at 18:05 UTC and classifies it as a major outage affecting its…

U.S. spot Bitcoin ETFs have recorded $254.7 million in net outflows over the 30 calendar days through Oct. 26, even as BlackRock’s IBIT has attracted nearly $962 million during the same period. Summary Bitcoin ETFs lost $254.7 million over the 30 calendar days through Oct. 26, calculated from Farside’s daily totals. BlackRock’s IBIT gained $961.9 million during that period, while Fidelity’s FBTC lost $725 million. Three subsequent positive sessions brought $423.6 million into the funds through Oct. 28. Glassnode placed the estimated cost basis of ETF Bitcoin holdings near $81,500 in its Oct. 28 report. Farside Investors’ historical data put…