FBI blames North Korea for the $6 billion Binance hack as the exchange reopens withdrawals
The FBI says the hackers are converting stolen assets into Ether. Binance began reopening withdrawals on November 1 and says it has covered 95% of the loss.
Binance puts its security incident at $6.3 billion and says it will cover all losses
Binance says about $3 billion is frozen and initially traced the breach to an engineer's laptop. What Binance, Tether, and Circle have said.
The SEC will let US platforms trade tokenized stocks for five years. Companies can block it.
The Securities and Exchange Commission will let US trading platforms offer tokenized versions of public stocks for five years, and the company whose stock is being tokenized can still say no.
The Trade Desk (TTD) cuts 15% of staff as Zscaler (ZS) discloses layoffs hours earlier
The Trade Desk (TTD) told the SEC it will cut about 15% of staff, with $39 million to $51 million in charges. Zscaler (ZS) disclosed a 3% workforce cut ten hours earlier. They are the only two Item 2.05 filings on our watchlist inside the same 24 hours in a year.
Bank of America (BAC), Goldman Sachs and 19 other firms plan a joint dollar stablecoin for 2027. Circle (CRCL) and Coinbase (COIN) fell Tuesday.
Twenty-one banks and asset managers committed Tuesday to establish a company that will issue a US dollar stablecoin, with a market launch targeted for the first half of 2027. JPMorgan is not part of it. Circle and Coinbase both fell.
NBA star Kevin Durant put $250,000 into Hugging Face. Nvidia's (NVDA) reported deal makes it worth about $60 million.
Nvidia (NVDA) is buying Hugging Face for $12.9 billion, with $11.9 billion of it payable to stockholders, and NBA star Kevin Durant's $250,000 early stake may be worth tens of millions. His firm also got into Coinbase at a $1.6 billion valuation and Whoop at $125 million.