Flash News

TREE NEWS update: Binance said it will bear the ultimate financial impact of stolen funds, with its security team still conducting a deeper investigation. The exchange said it will share the technical investigation findings in about 48 hours. Binance did not disclose the amount involved or specify which incident the statement referred to.

TREE NEWS update: India’s foreign-exchange enforcement agency searched four premises in Bengaluru and Madhya Pradesh on Oct. 27 over more than ₹5,000 crore in crypto transfers it says crossed India’s borders without authorization. Binance has emerged in the probe as a route for foreign payouts.

TREE NEWS update: Franklin Templeton’s FBEQ and FIBT ETFs began trading on Nasdaq on Thursday, building their bitcoin allocation from dividends via ETPs, derivatives and depositary receipts rather than holding bitcoin directly. The two funds opened with about $72,000 in trades.

TREE NEWS update: KuCoin has withdrawn all products from users in Russia and Belarus, effective immediately, without naming the rule behind the cutoff. The same day, Russia’s central bank said registered crypto exchange operators have 90 days to join a newly approved self-regulator. The exchange’s notice gave no further explanation for the move.

TREE NEWS update: StarLink AI Acquisition Corp. (QTAI) is in talks with Spider Digital over a special purpose acquisition company (SPAC) transaction that would value the potential merger at $250 million. The deal, if completed, would take Spider Digital public through the blank-check vehicle. No further terms were disclosed.

TREE NEWS update: The Recall Foundation’s board has decided to shut down the foundation after concluding that continued development was not commercially viable, based on an assessment of protocol adoption, operating costs and growth prospects, and said the move was not caused by a hack or security incident. It will burn about 359 million RECALL tokens it controls, roughly 35.86% of total supply, with holders receiving no distribution, redemption or buyback. About $3.7 million in remaining funds will go to creditors and liquidation costs, app.recall.network becomes read-only from Nov. 30, and liquidation is expected to finish in Q1 2027.

TREE NEWS update: Israel has extradited Alexander Block, a suspect in the August 2022 Nomad bridge hack, after the country’s Supreme Court rejected his defense that a code bug justified the exploit. Block now faces an eight-count federal indictment in California over the incident. The Supreme Court ruling cleared the way for his transfer to US custody.

TREE NEWS update: The SEC filed a complaint alleging BG Wealth and DSJ Exchange ran a $130 million crypto scheme that used the agency’s own databases to appear registered, pointing investors to their own SEC filings and fake certificates bearing the agency’s seal. The complaint says the firms then blocked withdrawals and demanded a “tax” to unlock accounts.

TREE NEWS reports: Hackers behind the Binance breach raced to convert stolen stablecoins into cryptocurrencies that issuers could not freeze, as Tether and Circle moved to immobilize billions of dollars in assets. The attackers’ push to swap the funds came as the stablecoin issuers acted to block the stolen tokens.

TREE NEWS update: Chainlink’s reserve accumulated 427,577 LINK in October at a cost of more than $5.3 million, the project said in a post on X. The reserve now holds 6,475,076 LINK. Chainlink said the reserve is intended to support the long-term growth and sustainable development of the Chainlink network.

TREE NEWS update: IPX unveiled its patent-pending atomic router, the core technology behind its protocol, ahead of launching IPX OS, IPX Exchange and the $IPX token on Base on Nov 17. The company said the router is designed to provide protected capital in the bonding curve, Coinbase-funded rewards and automatic graduation into liquid markets. No further technical or financial details were disclosed.

TREE NEWS update: Blockchain data firm Allium said its warehouse data has passed verification checks for every chain, five days after it detected unauthorized access to its systems. The company has not disclosed how the access occurred or what data was reached. Allium provides blockchain data infrastructure to institutional and analytics clients.

TREE NEWS reports: Investigators have tied the $6.3 billion Binance hack to North Korea. The breach compromised hot-wallet signing infrastructure, and investigators are tracing where the funds went. The incident is the largest crypto hack on record.

TREE NEWS update: CFTC Chair Michael Selig said the record $6.4 billion Binance hack shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards. Selig pointed to the theft as evidence that unregistered venues operating outside U.S. oversight pose systemic risks to investors.

TREE NEWS reports: Jupiter Lend’s $414 million USDC vault has almost no liquidity available for withdrawal, the protocol said, citing broader market conditions. It said cash will free up as loans are repaid or new deposits come in, but gave no timeline for when that might happen. The disclosure leaves depositors facing limited exit options from the vault.

TREE NEWS update: President Trump said his administration is looking into the $6.3 billion hack of Binance, the world’s largest crypto exchange, as calls grow for legislation. The remarks follow the massive breach, which has intensified pressure on policymakers to advance crypto rules.

TREE NEWS reports: Polymarket is reviewing dozens of new wallets that placed well-timed bets on Benjamin Netanyahu and his Likud party shortly before polls closed in Israel’s Oct. 27 election, with some accounts having already cashed out over $100,000 combined. Hundreds of new accounts backed the Israeli prime minister and his party ahead of the vote.

TREE NEWS update: Zcash co-founder Zooko Wilcox and cryptographer Sean Bowe are backing a joint proposal to end Zcash Community Grants’ 8% cut of block rewards and move about 50,000 ZEC, valued at roughly $61 million, into a reserve for future miner payouts. The plan comes a day after the grants committee floated a gradual taper of its allocation.

TREE NEWS reports: Analysts at Cantor Fitzgerald, TD Cowen and Compass Point said the record $6.4 billion crypto theft is a Binance security failure rather than a systemic threat to the industry, and are pointing clients toward listed proxies such as Coinbase, Robinhood and Strategy. The firms framed the incident as company-specific, steering investors toward stock-market exposure instead of direct tokens.

TREE NEWS reports: Bitcoin rebounded above 77,000 USDT and was trading at 77,010.9 USDT, narrowing its 24-hour decline to 4.51%. The move marks a partial recovery from the session’s earlier losses, with the largest cryptocurrency still down over the past day.