CoinDesk Blockchain Market News

$6 billion Binance hack sends bitcoin, ether tumbling; Standard Chartered expects more pain

Bitcoin and ether slid after a suspected $6.3 billion Binance security breach and a Polymarket exploit. Standard Chartered says crypto prices may remain under pressure before finding a base.

Institutional crypto investors rush to pull funds from exchanges after Binance hack

The withdrawals suggest the fallout from the multibillion-dollar breach is spreading beyond Binance.

Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths

Security researchers suggested that the hermit kingdom's Lazarus Group was behind Thursday's nearly $6 billion hack of the world's largest crypto exchange.

Binance hack drained wallets backing customer assets, reserve data shows

Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.

Binance loses over $6 billion in 'biggest crypto hack in history'

Crypto prices are sliding on the news, with bitcoin falling back to $77,000, though Binance's co-CEO said it would cover all losses.

Polymarket suspends trading after third-party breach leads to user losses

Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained.

Stanley Druckenmiller's first X post backs Hyperliquid venture after $23 million indirect investment

The billionaire investor disclosed an investment in Trade[XYZ] as the platform teams up with the NYSE's parent company. His family office previously reported owning shares in a HYPE-focused treasury company.

KuCoin exits Russia and Belarus as crypto exchanges withdraw from Western-sanctioned markets

The exchange is closing accounts in both countries after MEXC and Bitget announced similar moves earlier this month.

From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks

The two networks are setting aside their rivalry to connect Solana's stablecoin activity with Polygon's banking, wallet and payment infrastructure.

Crypto exchange HTX exits the UK after settling with the FCA

The former Huobi exchange has stopped accepting deposits from British customers and agreed not to target them with crypto promotions.

Polymarket brings ultra-short crypto prediction markets to U.S. platform

Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms.

Crypto for Advisors: Only 1 in 5 Americans say the financial system is secure

Why Switzerland’s first genuine spot bitcoin ETF could soon attract overseas banks and brokers

SIX Swiss Exchange confirms international access, while FINMA explains why it approved the fund and whether ether and solana ETFs could follow.

Chainlink adds weekend pricing for tokenized assets, with Aave as launch partner

The service uses perpetual futures quotes to update reference prices when traditional markets close.

New quantum model slashes hardware needed to break bitcoin keys by 17 times

Alice & Bob's new model reduces the hardware required for a potential attack, bringing it closer to reality and increasing pressure to adopt quantum-resistant security sooner.

Walmart, Eli Lilly join growing pushback against OKX–ICE tokenized stock plans

Five more companies have objected, bringing the total to 38 as a rival Canton venue prepares to launch with an issuer-sponsored stock under the SEC's innovation exemption.

A new framework for tokenized asset tracking

None of the numbers most commonly used to assess tokenized assets answer the question a chief investment officer would ask about those assets on her own balance sheet: what is it doing for me?

Tokenized stock venue on Canton could beat OKX–ICE to first trade under SEC framework

The venue, called TSV LLC, plans to start trading shares Canton Strategic Holdings shares as early as Monday, using issuer-sponsored tokenization that avoids the 30-day company objection window.

U.S. sanctions Russian nationals for laundering millions in crypto for North Korean IT workers

Russian nationals Ilya Boykov and Vitold Obertas allegedly converted about $3.5 million and nearly $2 million in crypto, respectively, for North Korea.

As $10 billion in bitcoin options near expiry, the tell is in the pricing

Your day-ahead look for Oct. 29, 2026

Bitcoin drops to $80,000 on Fed dissent, Samsung, Alphabet earnings; AI tokens slump

Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.

NYSE owner takes steps to bring Hyperliquid perpetual futures to U.S.

The planned ICE[XYZ] venue would offer 24/7 perpetual futures on stocks, commodities and crypto, pending CFTC approval. ICE is investing in Trade[XYZ].

Cathie Wood’s ARK buys the dip on Robinhood in its largest purchase in 6 months after 23% slump

HOOD fell 3.3% on Wednesday, broadening its one-month decline to more than 23%.

Solana wallet Solflare pledges to pay missed rewards on staked $160 million after validator goes offline

About 1.56 million SOL sat on a validator that stopped earning, and the wallet still hasn’t named the firm that held its keys.

Live updates: Binance says exploit is likely due to 'compromised DevOps engineer’s laptop'

North of $5 billion appears to have been stolen from the world's biggest crypto exchange, Binance, of which some $2.5 billion has been frozen.