Both stocks extended their opening losses, outpacing Bitcoin’s 4.65% decline and the S&P 500’s 1.24% drop over the same window.... Read the full story at The Defiant
Business
Coinbase and Strategy Sink After Binance Breach
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Business
Record Breaking Binance Hack Hits Markets, Kalshi Hits New Valuation, And More – Weekly Recap
This week’s stories spanned exchange security, prediction markets, bitcoin treasury risk, earnings and tokenization. Binance investigated a potential multibillion-dollar hack, while Kalshi raised another $1 billion at a $40 billion valuati…
Business
Binance says phase one of withdrawals opens after $6.3B hack
The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.
Business
How Circle Makes Money From USDC—and Why Reserve Income Is Not Profit
Circle’s second-quarter accounts trace $701.315 million in revenue and reserve income to $48.214 million in net income, after distribution costs, operating expenses and taxes.
Business
AI/Tech Selloff Drives Massive Crypto Tailwind, Experts Say
Despite the recent hack that affected Binance, causing over $6 billion in losses to the company, industry leaders still believe that the cryptocurrency market might benefit from a downturn in the U.S. tech/AI equity sector, with investors …