Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend. Summary Uber bought a tokenized money market fund on Thursday and sold the investment on Sunday. HSBC supplied tokenized bank deposits, while Canton supported liquidity and
Vitalik Buterin wants Ethereum to stop competing primarily on speed and focus instead on what the Ethereum Foundation calls CROPS, the cypherpunk properties of censorship resistance, openness, privacy and security. The success of that bet will ultimately depend on whether anyone values those properties enough to matter. Against a backdrop of growing competition from rival
Cardano founder Charles Hoskinson has warned about “seriously dangerous code” while sharing an analysis that blames Ethereum’s EIP-7702 delegation feature for helping attackers rapidly empty a Binance hot wallet. Summary Hoskinson shared a technical breakdown alleging the sweeper was built specifically for Binance’s wallet infrastructure. CyberSatoshi claimed 50 signed authorizations helped the attacker target the
As the market weeps from the biggest crypto theft in history, Bitcoin (BTC) could face renewed selling pressure in the coming months as a strengthening US dollar threatens to undermine one of crypto’s biggest macroeconomic investment narratives, according to Connection Capital founder Dan Krupka. In comments provided to 99Bitcoins, Krupka challenged the increasingly popular “dollar
Polymarket has launched 15-minute gold and silver prediction markets through an expanded Chainlink partnership, taking its short-duration price bets beyond cryptocurrencies. Summary Gold and silver markets are live, with more commodities, equities, and foreign exchange planned. Chainlink reports over $11 billion in combined five- and 15-minute crypto-market trading volume. Market makers can access the same
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday. Source link
Tether has reported $1.5 billion in third-quarter net operating profit while rebuilding its excess reserves to nearly $8 billion, almost twice the cushion it held three months earlier. Summary Excess reserves reached $7.95 billion against $183.50 billion in total liabilities at September’s end. Direct and indirect U.S. Treasury bill holdings totaled $132.4 billion, according to
The Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated companies with running a crypto investment fraud that used false federal filings to raise more than $130 million from tens of thousands of retail investors. The defendants are BG Wealth Sharing Ltd. and DSJ Exchange Pty Ltd. A complaint filed in the U.S. District Court for
Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach. Summary Coinbase fell 12.54%, while Riot, Hut 8 and Robinhood lost more than 8% each. Strategy recovered from its session low but remained down 6.23% at $132.80.
A record crypto hack met emoji theater. Then Binance’s founders turned the joke into a balance-sheet argument. The CZ Elon Musk Binance hack spat went public on Friday. Binance co-founder Changpeng “CZ” Zhao told Elon Musk to stop trolling the exchange. Musk had mocked the loss coverage with emojis and a zero-day quip. CZ pointed
