Markets & Trading
Crypto market analysis, exchange flows, ETFs and trading strategy
Binance Traces $6.34 Billion Crypto Theft to Compromised Developer Devices
Binance says a tampered software install and a fake job interview led to stolen credentials, wallet access and a $6.34 billion asset drain.
Mercado Bitcoin Estimates $38 Million Security Incident, Says Clients’ Assets Are Safe
Mercado Bitcoin says about $38 million was involved in Monday’s security incident and that it has blocked $11 million with help from industry partners.
THORChain Refund Bug Triggers Network-Wide Swap Pause
A 10 ETH refund error exposed a vault risk and halted swaps on 10 THORChain networks, delaying the movement of funds stolen from Binance.
Ripple’s XRP Ambitions Rest on a $35 Billion Weekly Payments Scenario
Tria founder John Lilic sees a path for Ripple to route $35 billion in weekly payments through XRPL, though XRP still trails Ethereum by nearly $200 billion in market value.
Trade.xyz Warns Users Against GitBook Documentation Links After Unauthorized Activity
Trade.xyz says its GitBook docs were restored, but urges users to avoid their links while it investigates unauthorized activity.
Justin Sun Sold Most of His Ether, Citing a Fragile Double Top
TRON CEO Justin Sun says he sold 80% to 90% of his Ether holdings and shifted toward US crypto stocks, while keeping his Bitcoin position unchanged.
DonAlt Sees a Potential Crypto Bottom as Bitcoin Holds Firm After Binance Incident
Bitcoin and XRP have held near recent levels after a major Binance theft, prompting DonAlt to see a risk-reward setup reminiscent of the 2022 FTX bottom.
Jupiter Lend USDC Vault Has Just $8.44 Available for Withdrawal
Jupiter Lend’s $413.7 million USDC vault had only $8.44 available to withdraw as the protocol cited a market-driven liquidity crunch.
Coinbase Prediction Markets Top $200 Million Annualized Revenue as Q3 Revenue Holds Steady
Prediction markets crossed $200 million in annualized revenue as Coinbase held revenue at $1.2 billion and grew paid subscribers 24% year over year.
zkLink Nova Halts Block Production After Bridge Exploit Tops $780,000
zkLink Nova paused block production and withdrawals after attackers exploited its Arbitrator contracts, draining more than $780,000 across multiple transactions.
Druckenmiller Confirms Trade.xyz Investment and Plans to Use Hyperliquid Perpetuals
Stan Druckenmiller says he plans to use trade.xyz’s Hyperliquid markets. ICE will operate its planned U.S. venue, pending approvals.
Binance Hot Wallets Send $3.5 Billion to One Address as Stablecoins Are Frozen
Ethereum outflows reached about $3.52 billion as Tether and Circle froze stablecoins; Binance said user funds were safe while the transfers remained under review.
Westpac Sets A$10,000 Monthly Cap on Payments to Crypto Exchanges
From Dec. 1, Westpac may cap customers’ payments to identified crypto exchanges at A$10,000 a month, with no exceptions.
Cuomo Sees Tokenized Stock Ad as Sign of a Fight for Market Share
Andrew Cuomo says a Wall Street Journal ad opposing tokenized stocks signals a contest over platforms, as 38 companies opt out of OKX-ICE’s proposal.
Kalshi Raises $1 Billion at $40 Billion Valuation as It Expands Its Trading Products
Kalshi plans to add single-stock perpetuals, leveraged event contracts and compute-price trading as it builds beyond prediction markets.
Avalanche Tranche Vault Loses About $1.01 Million in Flash-Loan Attack
An attacker used a flash loan to inflate tranche shares and withdraw about $1.01 million in USDC from an Avalanche vault, Blockaid said.
Ripple and BNY Mellon Explore XRP Ledger Trade Finance for Approved Invoices
Ripple, BNY Mellon and C2FO are exploring invoice financing on the XRP Ledger as the bank expands custody and RLUSD services for institutions.
Galaxy Digital Posts $323 Million Q3 Profit as Investment Gains Lift Results
Galaxy Digital swung to a $323 million profit as gains in its own portfolio drove results, while data center revenue rose and digital asset operations grew.
Hyperliquid Tests Permissioned Perpetual Markets for Payward
Hyperliquid is testing opt-in trading controls for markets Payward plans to run through Bitnomial and NinjaTrader, pending regulatory approval.
Keystone to Destroy 18,835 Wallets After Website Intruder Obtains Authentication Key
Keystone is replacing a compromised device-authentication key, halting web orders and addressing customer records that remained on file past its retention deadline.