ImportantDecrypt
Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018
Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.
- #Hack
More flash news
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Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor concerns.
SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions
The Securities and Exchange Commission took another step forward today to assist broker-dealers and other market participants on the path to central clearing of U.S. Treasury securities by issuing exemptive relief related to inter-affiliate repo…
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.
Polymarket Launches 15-Minute Up/Down Prediction Markets for Gold and Silver
Chainlink posted on the X platform stating that prediction market Polymarket has deepened its collaboration with the official Chainlink oracle, expanding its high-speed 15-minute prediction markets from cryptocurrencies to other asset classes. The 15-minute up/down markets for gold and silver are now live, with additional commodities to be added subsequently, followed by expansions into equities and foreign exchange. Polymarket also confirmed the launch of the aforementioned markets on the X platform, noting that Chainlink serves as the official oracle partner for its high-speed up/down markets.
Data: DeFi TVL Fell 5.30% the Day After Binance Hack, Hitting New Low Since Late August
Total DeFi Total Value Locked (TVL) hit a new low in nearly two and a half months<p>On October 30, DeFi Total Value Locked (TVL) declined by 5.30% to stand at $83.95 billion, marking the lowest level since August 21. This downward movement occurred exactly one day following the Binance security breach incident.</p><p>Over the same period, the total stablecoin supply has retreated to $296.6 billion. This metric has remained consistently below the $300 billion threshold since October 24, indicating a phased contraction in overall market liquidity.</p><p>The sharp pullback in DeFi TVL, combined with the sustained weakening of total stablecoin supply, reflects a notable decline in risk appetite across the crypto market recently, alongside rising capital risk-aversion sentiment.</p>
