Flash News

TREE NEWS update: Elon Musk and Binance founder Changpeng Zhao traded barbs after Musk appeared to mock Binance’s $6.3 billion hack, with CZ reminding Musk that the exchange’s $500 million bet on his Twitter takeover is now worth over $1 billion in SpaceX shares. The public exchange follows the $6.4 billion hack figure cited in the headline.

TREE NEWS reports: About $2.798 billion of the roughly $6.3 billion stolen in the Binance exploit has been confirmed frozen, BlockSec said on October 31, mostly in stablecoins such as USDT and USDC along with wBETH, RLUSD, USD1, FDUSD, USDT0 and gold tokens XAUt and PAXG. A further $38.47 million was handled through rescue actions by projects and chains, including the burning of about 984 million BEAM and the transfer of about 8,430 ETH and 74.56 million ARB to a temporary freeze address by Arbitrum’s security council.

TREE NEWS reports: Bitcoin traded around $77,000 as a US stock-market sell-off spread to gold, which fell to its lowest level in a year. The decline puts the largest cryptocurrency on course for its worst October performance in 12 years, with crypto markets tracking broader risk-asset weakness.

TREE NEWS update: Changpeng Zhao said the Binance hack, though the largest ever in dollar terms at $6.3 billion, was smaller than Mt.Gox by Bitcoin count, since Mt.Gox lost about 650,000 BTC, more than 5% of total supply. He said impact should also be judged by the number of affected users and the share of their assets lost: Mt.Gox and FTX users were almost fully affected, while in the Binance case only the platform itself was the victim and user assets were untouched, with Binance bearing all losses. CZ called the incident a major blow to the industry, Binance and himself, but said Binance can survive it, with protecting users the priority.

TREE NEWS reports: 1inch said its token was among the assets stolen from Binance and that blocking attacker access to its apps cannot freeze the tokens themselves. The 1INCH token slid 13%, extending losses beyond those of Bitcoin and Ether. The disclosure links the token’s selloff to the Binance theft, with the protocol noting that app-level blocking does not stop the stolen tokens from moving on-chain.

TREE NEWS reports: Bitcoin miner-turned-AI data center developer Nscale will proceed with its planned listing at a target valuation of $30 billion, Bloomberg reported. The company says it has signed $103 billion in contracts, but as of August 2026 had delivered only 55 megawatts of compute against potential contract demand for 10 gigawatts. Nscale’s data center projects also face delays, safety violations and operational challenges, and Microsoft recently exited one of its UK data center projects.

TREE NEWS update: IPX has detailed a patent-pending KPI-Gated Escrow system that ties crowdfunding dollars for video games, video production and sponsorship payments to agreed platform milestones. The technology is planned for use with the platform’s November 15, 2026 launch.

TREE NEWS update: CFTC Chairman Michael Selig, commenting on the Binance hack, said the agency wants to offer crypto exchanges a federal option to register with the CFTC. “We can do that first,” Selig said, framing registration as an alternative path for exchanges. He did not specify a timeline or which exchanges would be eligible.

TREE NEWS update: The U.S. Secret Service said investigators are working with private-sector partners including Circle to identify, freeze, trace and recover funds stolen from Binance, coordinating with the U.S. Attorney’s Office for the District of Columbia and law enforcement partners to identify the cybercriminals responsible. The investigation is at an early stage and more information will be provided when appropriate.

TREE NEWS update: Binance is rebuilding its withdrawal service after a breach it estimates at $6.3 billion. The attacker used EIP-7702 to bypass wallet controls, Teng said, and also destroyed tools and traces during the intrusion.

TREE NEWS update: The U.S. Federal Bureau of Investigation will coordinate the investigation into the hack of cryptocurrency exchange Binance, the bureau said. The FBI is taking the lead in coordinating the probe into the attack on the exchange. No further details on the scope of the investigation or the losses involved were provided.

TREE NEWS update: Binance CEO said attackers behind the exchange’s hot wallet breach used a self-destruct mechanism to destroy their tools and traces during the operation. The attackers exploited the known multisig protocol EIP-7702 to gain on-chain execution rights over the hot wallet, which was the affected component. Withdrawals remain suspended while Binance rebuilds the service and will not reopen until strict testing is passed; a full proof-of-reserves report is due before next Monday.

TREE NEWS update: Binance executive Teng set a Monday deadline for the exchange’s reserve report while withdrawals remain paused, saying the Sunday restart target is still on track within 40 hours but that reopening depends on the rebuilt service passing testing. The reserve report deadline and withdrawal restart both hinge on the platform’s systems clearing checks.

TREE NEWS update: Ripio will compensate about 1,000 users after a pricing error on its wARS token, with the shortfall totaling no more than roughly $6,000. The Argentine exchange confirmed the figure, which comes as non-dollar stablecoins account for just 0.6% of the $302 billion stablecoin market.

TREE NEWS update: Binance co-CEO Teng said the exchange plans to restart withdrawals on Sunday following a hack and has reserved more than $6.34 billion in company funds. A full Proof of Reserves report is scheduled for publication by Monday.

TREE NEWS update: Tydro has restored new borrowing while keeping a reduced USDC cap, cutting the USDC borrow limit 31.2% to 51.6 million tokens. That leaves roughly $1.1 million of headroom at the time of reporting.

TREE NEWS update: China’s securities regulator has accepted the Hong Kong IPO filing materials of Beijing SiliconFlow Technology Co., Ltd.. The materials were received on October 19, 2026, marking the start of the regulatory review process for the company’s planned listing in Hong Kong.

TREE NEWS reports: Strategy shares fell after its Q3 earnings, but StoneX and TD Cowen maintained buy ratings, citing a $4.83 billion cash reserve and a more stable STRC preferred structure. The analysts said the preferred-stock fix sets up renewed bitcoin buying.

TREE NEWS reports: EIP-7702, an Ethereum upgrade that lets ordinary wallets execute smart contract code for batched and sponsored transactions, is behind the $6.4 billion Binance hack. The proposal enables wallets to run contract logic, a feature linked to the exploit that drained the exchange. Details of how the upgrade was exploited were not immediately specified.