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In this week\u2019s edition of the weekly recap, Binance has reported a $6.3 billion breach, the Federal Reserve has held interest rates steady, and the CFTC has advanced plans for voluntary crypto exchange registration.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Binance said its Oct. 29 breach<\/a> affected approximately $6.3 billion, with partners freezing roughly $3 billion in assets. The exchange promised to cover customer losses using its SAFU fund and company resources.<\/p>\n Its preliminary investigation pointed to a compromised DevOps engineer\u2019s laptop that may have enabled unauthorized withdrawals. Binance said it found no evidence that wallet private keys leaked. TRM Labs attributed the attack to North Korea\u2019s TraderTraitor group, an assessment Binance had not confirmed.<\/p>\n The Federal Reserve kept its benchmark range<\/a> at 3.75%\u20134.00% on Oct. 28, following September\u2019s quarter-point increase. Lisa Cook and Beth Hammack opposed the pause, favoring another 25-basis-point hike in a 10\u20132 decision.<\/p>\n Policymakers described economic growth as strong and inflation as elevated. Bitcoin traded near $80,800 at the time of the announcement.<\/p>\n <\/p>\n CFTC Chairman Mike Selig said the regulator was developing voluntary federal registration<\/a> for crypto exchanges using existing powers while Congress had yet to enact market-structure legislation.<\/p>\n The consultation concerns leveraged, margined, or financed retail crypto transactions, with safeguards addressing listings, customer funds, and conflicts. Comments are due Dec. 14. The advance notice seeks feedback before potential rulemaking and does not establish a completed registration framework.<\/p>\n Coinbase reported third-quarter revenue of $1.22 billion<\/a>, down 35% year over year, alongside $719 million in net income. Unrealized cryptocurrency investment gains contributed $715 million, while adjusted net income was $78 million.<\/p>\n The company said prediction markets surpassed $200 million in annualized revenue and average USDC holdings reached a record $22 billion.<\/p>\n Tether reported $1.5 billion in third-quarter<\/a> net operating profit and $7.95 billion in excess reserves, up from roughly $4.1 billion at June\u2019s end.<\/p>\n Its announcement put reserve assets at $191.45 billion against $183.50 billion in liabilities. Direct and indirect U.S. Treasury bill holdings totaled $132.4 billion, with Treasury bills and reverse repos providing most operating income.<\/p>\n DTCC launched a tokenization service<\/a> for securities held in DTC custody, with 20 financial institutions signing access agreements, including JPMorgan, Citi and Fidelity Investments.<\/p>\n The service is integrated with Canton and DTCC\u2019s private Besu network. Stellar integration is expected in the first half of 2027.<\/p>\n NYSE owner Intercontinental Exchange partnered with trade[XYZ]<\/a> to develop a regulated U.S. perpetual futures venue on Hyperliquid and make a strategic investment in the company.<\/p>\n The proposed market would support round-the-clock trading across several asset classes. Its launch remains subject to CFTC approval, with no launch date announced.<\/p>\n U.S. spot Bitcoin ETFs received $440.8 million<\/a> across Oct. 26\u201329, according to Farside Investors, with BlackRock\u2019s IBIT accounting for $410.6 million.<\/p>\n Thursday\u2019s net inflows slowed to $17.2 million. The four-session total excludes Friday\u2019s trading response to the Binance breach.<\/p>\n Aviva Investors launched a tokenized share class<\/a> of its \u00a322 billion Sterling Liquidity Fund on the XRP Ledger, investing \u00a350 million in the offering.<\/p>\n Ripple said combined investments across Aviva\u2019s two tokenized share classes exceeded \u00a386 million. The \u00a322 billion figure describes the underlying fund\u2019s total assets, not the amount tokenized.<\/p>\n CoinDCX acknowledged losing 15.99 million USDT<\/a> through old wallet infrastructure after initially rejecting theft reports.<\/p>\n The exchange said a failed deposit-sweeping service allowed funds to accumulate in previously compromised wallets. It said it absorbed the loss and customer balances remained unaffected.<\/p>\n HTX agreed to court undertakings<\/a> lasting until Oct. 21, 2031, settling its financial promotions case with the FCA without admitting wrongdoing.<\/p>\n Eligible UK customers with remaining funds must contact support and complete checks to request a one-time 48-hour withdrawal window.<\/p>\n\n\n
Binance pledges to cover losses after $6.3 billion breach<\/h2>\n
Fed holds rates after September hike<\/h2>\n
CFTC advances voluntary exchange registration<\/h2>\n
Coinbase profit rebounds despite weaker revenue<\/h2>\n
Tether builds reserve cushion to $7.95 billion<\/h2>\n
DTCC launches securities tokenization service<\/h2>\n
ICE backs planned Hyperliquid futures venue<\/h2>\n
Bitcoin ETFs collect $440.8 million over four sessions<\/h2>\n
Aviva brings sterling fund shares to XRPL<\/h2>\n
CoinDCX confirms $15.99 million wallet loss<\/h2>\n
HTX settles UK promotions case<\/h2>\n
Zcash developers propose funding changes<\/h2>\n