The best crypto writing from the last 24 hours.
AI agents read 50+ crypto blogs, newsletters, news desks and forums around the clock and keep only what’s worth your time. The top five land in your inbox at 6:30 a.m. Central.
- 1
Here We Go Again: Binance Loses $6.3b in Largest Robbery in History
Galaxy Research's account of a $6.3B Binance robbery, the largest in crypto history, is a must-read for anyone holding exchange balances.
- 2
Unit Delays All Deposits and Withdrawals After Binance Breach
Unit has delayed all deposits and withdrawals after the Binance breach, with guardian screening blocking transfers while about $3B is frozen.
- 3
Binance is investigating a major security incident that resulted in unauthorized withdrawals estimated to have a financial impact of about $6.3 billion, the cryptocurrency exchange said.
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
- 4
18,270 BTC left a Binance hot wallet in one transaction, and no one can freeze it. Censorship resistance cuts both ways, and so does "not your keys"
On-chain tracing via TRM Labs shows 18,270 BTC left a Binance hot wallet in one transaction, and the BTC cannot be frozen, unlike stablecoins. A sharp look at censorship resistance.
- 5
SEC Charges Two Companies in $130 Million Crypto Trading Scheme
SEC charges two companies with a $130M crypto Ponzi-like trading fraud.
Also covered by Unchained - 6
Jupiter Lend Says Liquidity Crunch Is Delaying Withdrawals
Jupiter Lend's API showed only 3.35 USDC withdrawable against 418.5M USDC in Earn claims, delaying withdrawals.
Also covered by Unchained - 7
4 real? Tracking exploitation and patching of eMudhra’s weak keys
Cloudflare reports on how it patched eMudhra weak-key certificate exposure and what exploitation evidence it sees.
- 8
Trezor warns CryptoBilis buyers to move funds over suspected implant
Trezor told CryptoBilis buyers since March to move funds after a report of a hardware implant in a Safe 5, though it has not yet examined the device.
- 9
Lost 70k USD (0.85BTC) due to Electrum RBF security breach. I'm devastated and don't know how to move forward
A long-time user reports losing 0.85 BTC from a hot Electrum wallet via an RBF-related breach, a cautionary account of wallet security.
- 10
Bitcoin Core 32.1, multi-party SP, CLN Dos - Bitcoin Optech Newsletter #429
Bitcoin Optech newsletter covering multiparty silent payments, a Core Lightning DoS disclosure, and Bitcoin Core's security policy update.
- 11
Bitcoin Adoption or Crypto Speculation? Critiquing a BIS Research Paper
Critique of a BIS working paper on whether crypto activity reflects Bitcoin adoption or speculation.
- 12
Binance Turns Up in India’s $500 Million-Plus Crypto Probe as a Route for Foreign Payouts
India's foreign-exchange enforcer searched premises over more than ₹5,000 crore in crypto transfers, with Binance named as a route for foreign payouts.
- 13
Canton Strategic Holdings Moves to Tokenize Its Own Shares Under the SEC’s New Exemption
Canton Strategic Holdings plans to tokenize its own shares under the SEC's new exemption, with trading possible on Nov. 2 at the earliest.
- 14
KuCoin Pulls All Products From Users in Russia and Belarus, Effective Immediately
KuCoin removed all products for users in Russia and Belarus with no stated rule, as Russia set a 90-day deadline for crypto operators to join a self-regulator.
- 15
Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report
Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion, even when the software allowed the transaction.
Also covered by Unchained - 16
Blockchain Data Firm Allium Says Every Chain Passed Checks After Security Incident
Allium says its warehouse data passed checks on every chain after unauthorized access, but has not said how the access happened or what it reached.
- 17
Polymarket Reviews Dozens of New Wallets Behind Well-Timed Israel Election Bets: Report
Polymarket is reviewing dozens of new wallets that placed well-timed bets on Netanyahu's Likud before Israel's Oct. 27 election, with some cashing out over $100,000 combined.
- 18
Zooko and Sean Bowe Back Plan to Pull 50,000 ZEC From Zcash’s Grants Treasury
Zooko and Sean Bowe back a proposal to move 50,000 ZEC, about $61M, out of Zcash's grants treasury into a miner reserve.
- 19
Tether Reports $1.5 Billion Q3 Operating Profit, $7.95 Billion Reserve Buffer
Tether reports $1.5B Q3 operating profit, with the attestation covering only the quarter-end report.
Also covered by Cointelegraph - 20
Strategy insiders sold millions, then the CFO resigned
Protos reports Strategy insiders sold $29.7M of MSTR before a stock decline and CFO resignation.
- 21
$8 Million Crypto Kidnapping Lands Texas Brothers 15-Year Prison Terms
Texas brothers received 15-year sentences for a gunpoint crypto kidnapping that forced an $8M transfer.
- 22
Polymarket Sends $3.9M Back to Traders After Vendor Script Drain
Polymarket is repaying $3.9M after a hijacked vendor script drained $2.7M from 726 wallets.
- 23
Tokenized Assets, Payments and Prediction Markets Out-Earned Blockchains for the First Time
1kx research says tokenized assets, payments and prediction markets now out-earn blockchains, with chain fees under 3% of industry revenue.
- 24
Base's Denim Upgrade Brings 200ms Blocks to Mainnet on Nov. 5th
Base's Denim upgrade moves mainnet to 200ms blocks and retires Flashblocks, with a timing change apps must handle.
- 25
Ethereum Draft Would Let Wallets Permanently Disable EIP-7702 Delegation
Ethereum draft would let wallets permanently disable EIP-7702 delegation, though it would not protect against a stolen private key.
- 26
Renewed calls for rate limits following record outflows
Industry calls for rate limits and time delays after the Binance outflows, with projects that already use such controls highlighted.
- 27
The most boring coin in crypto is out-earning everything else
Tether leads DefiLlama 7-day revenue at about $112M, more than the next nine protocols combined, driven by reserve yield on $1 coins.
- 28
Binance’s Teng Sets Monday Reserve Report Deadline as Withdrawals Stay Paused
Binance sets a Monday reserve report deadline; withdrawals stay paused until the rebuilt service passes testing.
- 29
Uniswap, a16z and DEF Seek DeFi Exemptions From Illinois Crypto Tax Rules
Uniswap, a16z and DEF ask Illinois to exempt withdrawals, bridging and private-key recordkeeping from its crypto tax rules.
- 30
Why a Crypto-Arbitrage Spread Is Not Net Profit
A worked one-ETH example showing fees erase much of an arbitrage spread and prefunding shifts risk to rebalancing.
- 31
Upgradeable DeFi contracts tie emergency exits to rewrite power. My proposal is for Ethereum DeFi builders to separate them.
Proposal that DeFi builders separate emergency fund-rescue powers from contract upgrade keys in upgradeable contracts.
- 32
Zcash grants group offers $124M compromise as governance backlash grows
Zcash grants group proposes redirecting about $124M toward mining rewards, drawing governance and accountability criticism.
- 33
Five Pools Dominate Bitcoin Mining. Who Decides Whether Your Payment Gets Through?
Five mining pools produce about 80% of blocks, and pool operators usually pick which transactions get confirmed, so payment censorship depends on pool choice.
- 34
LlamaRisk Proposes Aave Cap Cuts Before Markets Reopen
LlamaRisk proposes cutting Aave borrowing caps by about $3.7B on V3 and $130M on V4 before markets reopen.
- 35
Strategy CFO Andrew Kang resigns as company posts record operating profit
Strategy's CFO Andrew Kang is resigning while the company reports record operating profit from marking up its bitcoin holdings.
Also covered by Unchained - 36
Implant reported in a Trezor sold by CryptoBilis
Report of a hardware wallet implant in a Trezor sold by a reseller, a supply-chain security warning.
- 37
Franklin Templeton’s Dividend-to-Bitcoin ETFs Open on Nasdaq With About $72,000 in Trades
Franklin Templeton's dividend-based bitcoin ETFs opened on Nasdaq with about $72,000 in early trades; a modest product launch.
- 38
Bitcoin’s Rebound Drove Most of Tether’s $3.8 Billion Reserve Recovery
Unchained breaks down that most of Tether's $3.8B reserve recovery came from higher bitcoin and gold marks, not new capital.
- 39
ZIP 1016 Author Josh Swihart Calls to End Zcash's Dev Fund Entirely
ZIP 1016 author Josh Swihart argues Zcash should end its dev fund, while other developers propose a narrower compromise.
- 40
I bought tokenized stocks on Solana. What happens to dividends and stock splits?
A user bought tokenized stocks on Solana and asks how dividends and splits work for them; useful question about what tokenized equities actually represent.