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Strategy’s preferred-stock fix sets up renewed bitcoin buying, analysts say
Strategy fell after Q3 earnings, but StoneX & TD Cowen kept buy ratings, citing $4.83B cash reserve and more stable STRC preferred structure.
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View allBreakingAnalysis Shows Nearly $2.8 Billion of Binance's Alleged $6.3 Billion Stolen Assets Have Been Frozen, $2.9 Billion Remain in Attacker Addresses
Disclosure of progress in handling large-scale stolen crypto assets<p>For this Binance-related theft incident involving an estimated $6.3 billion in total value, blockchain security firm BlockSec has released the latest statistical data on asset disposition, confirming that approximately $2.798 billion of the stolen assets have been successfully frozen to date.</p><p>The frozen assets are primarily composed of major stablecoins including USDT and USDC, and also cover pegged tokens such as wBETH, RLUSD, XAUt, and PAXG, spanning multiple categories of highly liquid crypto assets.</p><p>An additional ~$38.47 million worth of assets have been rescued and disposed of by the respective project teams or public chain authorities. Specific actions include the burning of approximately 984 million BEAM tokens, the removal of SNX and SAND assets via privileged operations, and the transfer of around 8,430 ETH and 74.56 million ARB to temporary frozen addresses by the Arbitrum Security Council.</p><p>As of the current time, approximately $2.9 billion of the stolen assets remain in addresses controlled by the attackers, with no freezing or recovery operations completed yet. Further follow-up is required for subsequent disposition progress.</p>
Bitcoin risks worst October in 12 years as tech sell-off spreads to gold
Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.
CZ: The Impact of the Binance Hack Incident Is Far Less Than the Shock of the Mt.Gox Incident on Bitcoin
CZ published a statement responding to discussions that the Binance hack incident has a limited impact on Bitcoin's price, noting that the stolen $63 million in this incident is the largest in U.S. dollar terms, but not when measured by the quantity of BTC. Mt.Gox lost approximately 650,000 BTC in its incident, accounting for over 5% of Bitcoin's total circulating supply, resulting in a far greater impact. CZ pointed out that evaluating the impact of a hack incident also requires considering the number of affected users and the proportion of their impaired assets. In the Mt.Gox and FTX incidents, affected users and their asset scales were nearly fully covered, while the victim in this Binance incident is only the platform itself, with no user assets affected, and the platform will bear all losses. CZ acknowledged that this incident remains a major blow to the crypto industry, Binance, and himself, but emphasized that Binance is capable of weathering the crisis, with the top priority being protecting users.
Report: XRPL Q3 Native Stablecoin Supply Rises 25.2% to $1.03 Billion
XRPL native stablecoin supply increased 25.2% quarter-over-quarter to $1.03 billion, driven primarily by a 49.7% surge in RLUSD to $1.01 billion. RLUSD accounts for 98.1% of XRPL native stablecoin supply, with its total cross-chain supply reaching $2.52 billion. Stablecoin transfer volume grew 39.5% to $14.09 billion. The value of distributed tokenized RWA on XRPL rose 29.2% quarter-over-quarter to $498.7 million. Global XRP ETP net inflows increased 39.6% quarter-over-quarter to $355.3 million, with assets under management rising from $2.01 billion to $3.32 billion.
