Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.
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Coinbase leads crypto stock selloff following $6.3B Binance hack
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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…
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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.
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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.
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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 …