Weekend Edition · Oct 31 — Binance hack rattles crypto markets…
from QuantAlpha Digital Asset Update
Weekend Edition — the week in review. • Binance suffered a $6.3B hack tied to North Korea's Trader Traitor group, covered by SAFU and reserves — the largest exchange breach on record tests custody trust and raises sanctions concerns. • Liquidations hit $1.57B as BTC fell to $76k and sentiment flipped to Fear at 30 — about 4M long-term holders are now underwater, raising capitulation risk. • ICE is backing trade.xyz to bring Hyperliquid perps to US traders with Druckenmiller's support, sending HYPE up 15% — a step toward regulated onchain derivatives.
Embed this episode
No transcript yet.