FlashPANews
Changpeng Zhao: Traditional Financial Markets Posted Larger Losses Than Crypto Markets Today, Bitcoin's Resilience Is Remarkable
Changpeng Zhao (CZ) posted on the X platform that traditional financial markets have seen larger declines than crypto markets today. Historically, downturns in traditional finance tend to drag down crypto markets as investors sell off assets to secure cash, making Bitcoin's demonstrated resilience particularly remarkable.
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View allCanada’s economy stagnates for second month as September contraction looms
Canada’s economy stagnates for second month as September contraction looms
U.S. Pre-Market News Roundup: Elon Musk Is Gradually Transforming SpaceX's AI Business to Rent Out Computing Power to Clients Including Anthropic and Google
Key U.S. stock market financial news for investors to focus on is as follows: 1. The three major U.S. stock index futures posted divergent performance. Dow Jones Index futures rose 0.01%, S&P 500 Index futures fell 1.06%, and Nasdaq 100 Index futures dropped 2.58%. 2. International oil prices rose across the board. WTI crude oil futures prices increased by 2.11% to settle at $104.153 per barrel; Brent crude oil futures prices rose 2.28% to settle at $113.325 per barrel. 3. International spot gold and silver prices declined collectively. Spot gold prices fell 1.46% to $3962.61 per ounce; spot silver prices dropped 3.93% to $50.09 per ounce. 4. The three major European stock indexes posted mixed performance.
Spot silver breaks below the $50 threshold
Spot silver has fallen below the key psychological level of $50 per troy ounce, currently trading at $49.992, marking an intraday decline of 4.13%.
Binance says it holds $5B in matching tokens to cover hack losses
The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
Unprecedented Automated Money Laundering Pattern Detected in Stolen Binance Funds, Chainalysis Discloses Details
Characteristics of the new automated money laundering pattern revealed<p>Blockchain analysis agencies have detected that the funds linked to the Binance theft incident employ an automated money laundering operation logic that has never been observed in the industry. The attackers initiated thousands of transactions within an extremely short period, executing operations automatically via programs to obfuscate fund traceability paths, breaking the conventional operational logic where traditional hacker funds are directly transferred to downstream addresses.</p><p>Under this pattern, funds do not flow in a single direction, but circulate repeatedly across a large number of distinct addresses, even flowing back to previously used historical addresses multiple times, drastically increasing the difficulty of on-chain tracking. A large number of involved addresses exhibit uniform operational characteristics: they first receive exactly 1 TRX, then quickly transfer out after receiving more involved funds subsequently.</p><p>The attackers once transferred a total of 500 million USD in stablecoins to a dedicated exchange wallet, which completed large-scale exchange operations in less than 20 minutes, swapping 325 million USD worth of stablecoins for 285 million USD worth of ETH. The remaining 175 million USD in stablecoins was transferred to a dedicated intermediate wallet approximately 10 minutes later to complete fund splitting and circulation.</p>
