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Bitcoin.com is a bitcoin exchange and cryptocurrency wallet developer. Since 2015, it has been focused on introducing newcomers to cryptocurrency, providing accessible educational materials, timely and objective news, and easy-to-use fully self-custodial products for buying, spending, trading, investing, and earning with crypto.
London Metal Exchange Plans to Tokenize Warehouse Metal Reserves
According to Bitcoin.com News, the London Metal Exchange (LME) stated that it is exploring the tokenization of metal inventory held under unregistered warehouse warrants to support business financing. The exchange announced plans to issue metal-backed tokens, which may be placed in third-party custody as needed for loans and other obligations; previously, there was no standard financing mechanism for metals under unregistered warrants. The LME noted that it is currently in the early exploration phase and will consult with stakeholders as the initiative develops.
California financial regulator opposes SEC crypto plan, warns it could weaken investor protection
Odaily report: The California Department of Financial Protection and Innovation (DFPI) has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) opposing its "Regulation Crypto Assets" proposal, stating that the plan could weaken investor protection and limit state government review of issuance projects. DFPI Commissioner KC Mohseni said California opposes federal regulators undermining state-level regulatory authority and protective measures.The proposal would allow eligible issuers to raise up to $5 million over four years through a startup exemption; another crypto fundraising exemption would allow issuers to raise up to $75 million within 12 months. Relevant issuances would need to disclose project details, risks, and other information necessary for investor assessment, and some fundraisings would also require submission of financial statements and ongoing reporting.Federal securities laws still preserve states' authority to investigate securities fraud, deceptive practices, and illegal broker or dealer activities. Blockchain payments company Ripple, crypto exchange Coinbase, and exchange operator Nasdaq all support adjusting the proposal; the DFPI said its scam tracker list added nearly 200 crypto-related scams, an increase of 30% from the previous year. (Bitcoin.com News)
Fidelity believes there is room for growth in Bitcoin demand from the $15 trillion global fixed income market
Odaily Report: Fidelity Digital Assets research analyst Zack Wainwright noted in an analysis published on October 20 that preferred stock financing oriented toward Bitcoin could attract capital from the approximately $15 trillion global fixed income market. Fidelity estimates that the size of this type of preferred stock is approximately $12 billion.As of October 5, preferred stock financing has supported the purchase of 135,979 BTC, of which more than 95,000 were purchased between March and May. Fidelity estimates that nearly 96% of Bitcoin's maximum supply has been issued, and the next halving is expected in less than two years.Bitcoin treasury company Strive Inc. completed a 15% Series A Perpetual SATS Preferred Stock offering on October 20, selling 7 million shares at $90 per share for total proceeds of $630 million; the dividend rate is calculated on a $100 par value and is 15% annualized.Bitcoin treasury company Strategy Inc. disclosed that it holds 848,517 BTC and purchased 267 BTC the previous week for $22.1 million, using proceeds from common stock issuance and cash. Fidelity noted that the performance of related instruments is affected by both Bitcoin and the issuing company. (Bitcoin.com News)
NIP Group to Acquire 4.47 EH/s Bitcoin Mining Machines in Deal Valued at $27.3M, Monthly Output Target Raised to 195 BTC
Odaily reports: Abu Dhabi-based listed esports company NIP Group has announced that it has signed an agreement to acquire Bitcoin mining equipment with a total hashrate of approximately 4.47 EH/s, bringing its total deployed hashrate to approximately 13.85 EH/s. The transaction is valued at up to $27.3 million, and the company will issue up to 247.1 million Class A ordinary shares to the seller.NIP Group expects that once all related equipment is deployed, the mining farm's monthly output will reach approximately 195 BTC, up from its previous target of 160, valued at approximately $16 million at then-current prices. The equipment is already running at hosting facilities and can immediately increase Bitcoin output upon completion of the transaction.NIP Group launched its Bitcoin mining business in July 2025 and has been gradually scaling its hashrate to higher levels. The company said the additional hashrate will serve its digital infrastructure strategy, and it plans to expand into AI, high-performance computing, and gaming applications. (Bitcoin.com News)
Goldman Sachs CEO Says Tokenization Will Expand Financial Market Opportunities
Odaily reports: Goldman Sachs CEO David Solomon said during the October 13 earnings call that tokenization is becoming an important trend spanning multiple asset classes and could bring more products, clients, and business. The bank has already tokenized bonds, money market funds, and real estate for some clients.DeFi, prediction markets, and automated trading are also under discussion, but Goldman Sachs has not announced related specific products. Solomon said blockchain-related activity remains relatively small in scale at present.Goldman Sachs uses its proprietary GS DAP platform to provide blockchain-based financial asset infrastructure and participated in the tokenization service launched by the Depository Trust & Clearing Corporation (DTCC) in July, and is evaluating scalable applications. Solomon said tokenization can reduce costs, automate processes, and improve liquidity across asset classes.Solomon said Goldman Sachs supports the passage of the CLARITY Act, despite reservations about some provisions, and is participating in discussions with regulators on market rules. The bank reported third-quarter net revenue of $18.68 billion, with equities business revenue up 72% year-over-year to $6.4 billion. (Bitcoin.com News)
Arthur Hayes: OpenAI and Anthropic Have No Value—The Bigger the AI Bubble, the Higher Bitcoin Will Rise
Odaily reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Crypto Market Liquidations Surpass $1.54 Billion as Binance Attack Triggers Sell-Off
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
38 companies oppose OKXICE's tokenized stock plan, accounting for about 60% of target companies
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
USAT is independently issued by Anchorage, GENIUS Act approval process not yet initiated
Odaily reports: USAT is independently issued by Anchorage Digital Bank, N.A., with Tether providing technology and supporting branding, strategy, and distribution. Anchorage's disclosure states that Tether is not the issuer of USAT and has no obligation to redeem or guarantee the token; USAT and USDT are different products with different issuers and legal arrangements.Anchorage's terms only allow approved customers to directly mint or redeem USAT, while other holders typically need to trade through exchanges or the secondary market. Its August 31, 2026 reserve report shows approximately 175.7 million redeemable USAT in circulation, corresponding to approximately $176.4 million in reserve assets.The GENIUS Act took effect on July 18, 2025, with its main issuance framework set to be implemented on January 18, 2027. The U.S. Office of the Comptroller of the Currency (OCC) published the main implementing rules on October 21, 2026; as of October 27, the OCC had not yet initiated the application process, and public materials do not indicate that USAT has obtained issuance approval under the Act. (Bitcoin.com News)
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Brazil Supreme Court Postpones Gambling Ban Ruling to November 3 Hearing
Brazilian Supreme Court Justice Luiz Fux will hold a public hearing on November 3 regarding the ban on sports betting and online casinos, and has not yet ruled on whether to suspend the ban. The hearing is scheduled for 10 a.m. local time and will focus on the economic impact of the ban.The ban took effect on October 25, and Brazil's 85 gambling licenses were invalidated as a result. Brazilian President Luiz Inácio Lula da Silva won re-election on the same day, and the gambling industry organization ANJL called for the resumption of dialogue with the government.The hearing will have 26 participants, including relevant litigants, government agencies, football clubs, and industry organizations; individual betting operators were not invited. Congress was initially required to vote on the provisional measure by November 23, with the deadline extendable once for up to 60 days. (Bitcoin.com News)
Thailand launches app for converting stablecoins to QR code payments
According to Bitcoin.com News, a collaborative project in Thailand has launched a digital wallet app called WORPT, which allows foreign tourists to exchange stablecoins such as USDT and USDC for Thai baht and make payments to local merchants via Thailand's QR Promptpay network. Launched under the Securities and Exchange Commission of Thailand’s (SEC) tourist Digipay regulatory sandbox initiative, the app is jointly developed by Waan Exchange and Wipay, in partnership with the USDT issuer, The Mall Group, and Visa. Designed within the sandbox framework, local merchants will not receive cryptocurrency directly; instead, payments are settled in Thai baht through standard payment channels. WORPT also plans to introduce physical and virtual Visa prepaid cards, allowing users to draw from a shared Thai baht balance for both QR code scans and card transactions. The project is slated to hold its official launch event in November 2026.
$6.3 Billion Binance Hack Sparks Insider Job Theory, Proof of Reserves Results to Be Announced on November 2
Cryptocurrency exchange Binance said it will publish the results of its proof of reserves on November 2. Binance stated on October 30 that it has recovered approximately 80% of the stolen assets and is still processing the remainder; the proof-of-reserves snapshot is planned to be taken after the buyback is completed. Some users on Platform X have questioned that taking a snapshot after the buyback cannot reflect the previous asset shortfall, and the related insider-job claims currently have no solid evidence to support them.Blockchain intelligence firm TRM Labs attributed the theft to the North Korean hacker group Tradertraitor and said it has high confidence in this judgment. TRM Labs stated that the attackers may have controlled Binance's hot wallet signing system, and the funds were transferred out via ten blockchains in about 20 minutes; Elliptic said that a North Korea-linked group may be involved, but no government or law enforcement agency has yet confirmed the attribution.Binance said it has discovered other points of intrusion and that there is no evidence that wallet private keys were leaked; co-CEO Richard Teng stated that only Binance's own hot wallet was compromised and that customer funds were unaffected. Binance said withdrawals are expected to resume in stages within about 34 hours, after which it will publish the reserves report and a full technical post-mortem. (Bitcoin.com News)
Gate CEO Calls for Crypto Industry Security Alliance, Proposes 48-Hour Withdrawal Delay
Odaily reports: Lin Han, founder and CEO of cryptocurrency trading platform Gate, has called on the crypto industry to immediately establish a security alliance to unify security standards, intrusion detection protocols, and emergency response mechanisms in order to address security incidents like the one suffered by Binance. The Binance incident involved approximately $6.3 billion in losses.Gate also proposed promoting a vault solution with split keys, distributing private keys among users, Gate, and recovery partners, so that funds can only be transferred after at least two parties are compromised; vault withdrawals would be subject to a 48-hour delay to allow users to freeze their funds.Gate stated that it has flagged the relevant hacker addresses and will freeze any illicit funds transferred to its platform. (Bitcoin.com News)
Crypto Market Liquidations Surpass $1.54 Billion as Binance Attack Triggers Sell-Off
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
西班牙警方：Arbistar 崩盘后钱包转移逾 11 亿美元比特币
据 Bitcoin.com News 报道，西班牙国民警卫队在对加密货币平台 Arbistar 的调查中发现，与该已倒闭公司相关的数字钱包在平台崩盘后仍发生大额比特币转移。调查显示，2020年 9 月平台崩盘时约 881 枚比特币被转入外部钱包；2021年 1 月至 3 月，与主要被告关联的钱包累计流入流出超过 2 万枚比特币，按 2021年 3月 31 日比特币价格计算价值逾 11 亿美元。 西班牙当局将该平台定性为影响多达 3.2 万名投资者的庞氏骗局，2020 年检方称约 10 亿美元投资者资金去向不明。创始人 Santiago Fuentes Jover 及合伙人 Diego Fernández Nojarova 分别被判处 16 年和 11 年监禁。
Stripe Bitcoin Fraudster Sentenced to 51 Months, Ordered to Pay $811K in Restitution
Odaily reports: Timothy Wadsworth has been sentenced to 51 months in prison and ordered to pay $810,965.19 in restitution after being convicted of conspiracy to commit wire fraud and money laundering. The U.S. Department of Justice (DOJ) announced the sentencing on October 23. Wadsworth is from Rochester, New York. His fraud scheme involved processing unauthorized credit card payments through Stripe, then transferring part of the funds to Coinbase to purchase Bitcoin and send it to co-conspirators.Between March 10 and May 15, 2020, Wadsworth used account information provided by co-conspirators to attempt to process 310 payments through Stripe totaling approximately $1.6736 million, of which 116 succeeded, amounting to about $730,700. The funds were moved through HSBC and Evolve Federal Credit Union accounts under his control, with some subsequently used to purchase Bitcoin.The judge also ordered the forfeiture of $810,956.19 in wire fraud proceeds. From March 2020 to September 2021, the actual and intended losses caused by the related fraud scheme totaled approximately $2.06 million, and also included disaster loans, Paycheck Protection Program loans, unemployment benefits, and other fraud proceeds targeting victims. (Bitcoin.com News)
US tax preparer accused of filing false cryptocurrency losses for clients who never held crypto
Connecticut tax preparer Yuridia Trujillo has been accused of filing false cryptocurrency losses for clients who never held the relevant assets. The U.S. Internal Revenue Service (IRS) alleges that her company, Yuri's LLC, submitted at least 4,335 tax returns between 2017 and 2024, which also allegedly included false claims regarding retirement contributions, dependent care, business and rental property information.The indictment alleges that Trujillo used Form 8888 to divert some clients' tax refunds into her own bank account and that of an accomplice. A federal grand jury indicted her on October 7, and law enforcement arrested her on October 9; she faces 19 counts related to false income tax returns and has been released on $50,000 bail pending trial. (Bitcoin.com News)
$6.3 Billion Binance Hack Sparks Insider Job Theory, Proof of Reserves Results to Be Announced on November 2
Cryptocurrency exchange Binance said it will publish the results of its proof of reserves on November 2. Binance stated on October 30 that it has recovered approximately 80% of the stolen assets and is still processing the remainder; the proof-of-reserves snapshot is planned to be taken after the buyback is completed. Some users on Platform X have questioned that taking a snapshot after the buyback cannot reflect the previous asset shortfall, and the related insider-job claims currently have no solid evidence to support them.Blockchain intelligence firm TRM Labs attributed the theft to the North Korean hacker group Tradertraitor and said it has high confidence in this judgment. TRM Labs stated that the attackers may have controlled Binance's hot wallet signing system, and the funds were transferred out via ten blockchains in about 20 minutes; Elliptic said that a North Korea-linked group may be involved, but no government or law enforcement agency has yet confirmed the attribution.Binance said it has discovered other points of intrusion and that there is no evidence that wallet private keys were leaked; co-CEO Richard Teng stated that only Binance's own hot wallet was compromised and that customer funds were unaffected. Binance said withdrawals are expected to resume in stages within about 34 hours, after which it will publish the reserves report and a full technical post-mortem. (Bitcoin.com News)
Gate CEO Calls for Crypto Industry Security Alliance, Proposes 48-Hour Withdrawal Delay
Odaily reports: Lin Han, founder and CEO of cryptocurrency trading platform Gate, has called on the crypto industry to immediately establish a security alliance to unify security standards, intrusion detection protocols, and emergency response mechanisms in order to address security incidents like the one suffered by Binance. The Binance incident involved approximately $6.3 billion in losses.Gate also proposed promoting a vault solution with split keys, distributing private keys among users, Gate, and recovery partners, so that funds can only be transferred after at least two parties are compromised; vault withdrawals would be subject to a 48-hour delay to allow users to freeze their funds.Gate stated that it has flagged the relevant hacker addresses and will freeze any illicit funds transferred to its platform. (Bitcoin.com News)
After Binance's $6.3 Billion Hack, Logan Paul Calls Cryptocurrency a Scam
Odaily Report: YouTuber and boxer Logan Paul, in a recent podcast, responded to longtime collaborator Mike Majlak's mention of cryptocurrency exchange Binance being hacked with approximately $6 billion in assets stolen, stating that he does not trust cryptocurrency and calling it a scam. Binance estimates the total impact of this incident at approximately $6.3 billion.Commenters subsequently brought up Cryptozoo, an NFT game promoted by Logan Paul, with buyers claiming the project was not launched as promised. In February 2026, he again filed a motion to dismiss a lawsuit in a Texas federal court accusing him of carrying out a rug pull through the project, stating that the latest complaint fails to establish that he should be held responsible for the project entity's actions.Binance stated it has frozen approximately $3 billion in stolen assets, and co-CEO Yi He said the exchange will bear all hacker losses. (Bitcoin.com News)
Crypto Market Liquidations Surpass $1.54 Billion as Binance Attack Triggers Sell-Off
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
Study Estimates ~29,600 Physical Qubits Could Crack Bitcoin Keys in About 1 Hour
Odaily reports: Research from quantum computing company Alice & Bob estimates that a fault-tolerant quantum computer with approximately 29,588 physical qubits could solve the 256-bit elliptic curve cryptography problem used by Bitcoin in about 61.8 minutes. This problem underpins the digital signatures used to authorize Bitcoin transactions. The findings are theoretical resource estimates and do not mean that existing quantum computers already have the capability to crack it.The research also estimates that 22,593 physical qubits could crack RSA-2048 encryption in about 3.14 days. The calculations use cat qubits technology designed to reduce quantum errors, combined with more efficient error-correcting codes and improvements to Shor's algorithm.If a sufficiently powerful quantum computer could derive private keys from publicly exposed public keys, the relevant Bitcoin could face risks of unauthorized signatures and asset theft. The estimated cracking time is still longer than Bitcoin's average block interval of about 10 minutes; approximately 6.9 million Bitcoin may be at risk because their corresponding public keys have already been exposed. (Bitcoin.com News)
NGRAVE Hit by Phishing Attack, Approximately 70 Wallets Stolen for $2.56 Million
According to Odaily, digital hardware wallet manufacturer NGRAVE disclosed on October 19 that attackers hijacked a third-party notification service used by its LIQUID companion app and sent fake security alerts to users, resulting in approximately 70 wallet addresses being stolen for about $2.56 million across 4 blockchains. Among the losses, Bitcoin accounted for approximately $1.77 million, XRP approximately $454,000, Ethereum assets approximately $316,000, and Stellar approximately $18,000.The attackers lured users into clicking on counterfeit websites and entering their 24-word recovery phrases or Perfect Keys, after which automated scripts transferred the assets within minutes. NGRAVE stated that the ZERO hardware wallet and private keys were not directly compromised, and that victims voluntarily handed over their recovery credentials during the phishing process.The unauthorized access may have begun on October 11. After obtaining one access key, the attackers acquired a key with broader permissions and sent fake notifications on October 17. NGRAVE detected the anomaly approximately 1 minute after the notifications appeared, but the first wallet had already been drained 6 minutes later, and the notification system was shut down that evening.NGRAVE's CEO stated that the company failed to fulfill the most basic security responsibilities of a crypto security company, and said that the affected keys have been replaced, with two-person approval, domain restrictions, and emergency shutdown mechanisms added. The company also reminded affected users to create new wallets and contact the support team, noting that some device information, wallet activity, IP addresses, and approximate locations may have been exposed. (Bitcoin.com News)
$6.3 Billion Binance Hack Sparks Insider Job Theory, Proof of Reserves Results to Be Announced on November 2
Cryptocurrency exchange Binance said it will publish the results of its proof of reserves on November 2. Binance stated on October 30 that it has recovered approximately 80% of the stolen assets and is still processing the remainder; the proof-of-reserves snapshot is planned to be taken after the buyback is completed. Some users on Platform X have questioned that taking a snapshot after the buyback cannot reflect the previous asset shortfall, and the related insider-job claims currently have no solid evidence to support them.Blockchain intelligence firm TRM Labs attributed the theft to the North Korean hacker group Tradertraitor and said it has high confidence in this judgment. TRM Labs stated that the attackers may have controlled Binance's hot wallet signing system, and the funds were transferred out via ten blockchains in about 20 minutes; Elliptic said that a North Korea-linked group may be involved, but no government or law enforcement agency has yet confirmed the attribution.Binance said it has discovered other points of intrusion and that there is no evidence that wallet private keys were leaked; co-CEO Richard Teng stated that only Binance's own hot wallet was compromised and that customer funds were unaffected. Binance said withdrawals are expected to resume in stages within about 34 hours, after which it will publish the reserves report and a full technical post-mortem. (Bitcoin.com News)
After Binance's $6.3 Billion Hack, Logan Paul Calls Cryptocurrency a Scam
Odaily Report: YouTuber and boxer Logan Paul, in a recent podcast, responded to longtime collaborator Mike Majlak's mention of cryptocurrency exchange Binance being hacked with approximately $6 billion in assets stolen, stating that he does not trust cryptocurrency and calling it a scam. Binance estimates the total impact of this incident at approximately $6.3 billion.Commenters subsequently brought up Cryptozoo, an NFT game promoted by Logan Paul, with buyers claiming the project was not launched as promised. In February 2026, he again filed a motion to dismiss a lawsuit in a Texas federal court accusing him of carrying out a rug pull through the project, stating that the latest complaint fails to establish that he should be held responsible for the project entity's actions.Binance stated it has frozen approximately $3 billion in stolen assets, and co-CEO Yi He said the exchange will bear all hacker losses. (Bitcoin.com News)
London Metal Exchange Plans to Tokenize Warehouse Metal Reserves
According to Bitcoin.com News, the London Metal Exchange (LME) stated that it is exploring the tokenization of metal inventory held under unregistered warehouse warrants to support business financing. The exchange announced plans to issue metal-backed tokens, which may be placed in third-party custody as needed for loans and other obligations; previously, there was no standard financing mechanism for metals under unregistered warrants. The LME noted that it is currently in the early exploration phase and will consult with stakeholders as the initiative develops.
38 companies oppose OKXICE's tokenized stock plan, accounting for about 60% of target companies
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
USAT is independently issued by Anchorage, GENIUS Act approval process not yet initiated
Odaily reports: USAT is independently issued by Anchorage Digital Bank, N.A., with Tether providing technology and supporting branding, strategy, and distribution. Anchorage's disclosure states that Tether is not the issuer of USAT and has no obligation to redeem or guarantee the token; USAT and USDT are different products with different issuers and legal arrangements.Anchorage's terms only allow approved customers to directly mint or redeem USAT, while other holders typically need to trade through exchanges or the secondary market. Its August 31, 2026 reserve report shows approximately 175.7 million redeemable USAT in circulation, corresponding to approximately $176.4 million in reserve assets.The GENIUS Act took effect on July 18, 2025, with its main issuance framework set to be implemented on January 18, 2027. The U.S. Office of the Comptroller of the Currency (OCC) published the main implementing rules on October 21, 2026; as of October 27, the OCC had not yet initiated the application process, and public materials do not indicate that USAT has obtained issuance approval under the Act. (Bitcoin.com News)
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Related news
$6.3 Billion Binance Hack Sparks Insider Job Theory, Proof of Reserves Results to Be Announced on November 2
Cryptocurrency exchange Binance said it will publish the results of its proof of reserves on November 2. Binance stated on October 30 that it has recovered approximately 80% of the stolen assets and is still processing the remainder; the proof-of-reserves snapshot is planned to be taken after the buyback is completed. Some users on Platform X have questioned that taking a snapshot after the buyback cannot reflect the previous asset shortfall, and the related insider-job claims currently have no solid evidence to support them.Blockchain intelligence firm TRM Labs attributed the theft to the North Korean hacker group Tradertraitor and said it has high confidence in this judgment. TRM Labs stated that the attackers may have controlled Binance's hot wallet signing system, and the funds were transferred out via ten blockchains in about 20 minutes; Elliptic said that a North Korea-linked group may be involved, but no government or law enforcement agency has yet confirmed the attribution.Binance said it has discovered other points of intrusion and that there is no evidence that wallet private keys were leaked; co-CEO Richard Teng stated that only Binance's own hot wallet was compromised and that customer funds were unaffected. Binance said withdrawals are expected to resume in stages within about 34 hours, after which it will publish the reserves report and a full technical post-mortem. (Bitcoin.com News)
Gate CEO Calls for Crypto Industry Security Alliance, Proposes 48-Hour Withdrawal Delay
Odaily reports: Lin Han, founder and CEO of cryptocurrency trading platform Gate, has called on the crypto industry to immediately establish a security alliance to unify security standards, intrusion detection protocols, and emergency response mechanisms in order to address security incidents like the one suffered by Binance. The Binance incident involved approximately $6.3 billion in losses.Gate also proposed promoting a vault solution with split keys, distributing private keys among users, Gate, and recovery partners, so that funds can only be transferred after at least two parties are compromised; vault withdrawals would be subject to a 48-hour delay to allow users to freeze their funds.Gate stated that it has flagged the relevant hacker addresses and will freeze any illicit funds transferred to its platform. (Bitcoin.com News)
After Binance's $6.3 Billion Hack, Logan Paul Calls Cryptocurrency a Scam
Odaily Report: YouTuber and boxer Logan Paul, in a recent podcast, responded to longtime collaborator Mike Majlak's mention of cryptocurrency exchange Binance being hacked with approximately $6 billion in assets stolen, stating that he does not trust cryptocurrency and calling it a scam. Binance estimates the total impact of this incident at approximately $6.3 billion.Commenters subsequently brought up Cryptozoo, an NFT game promoted by Logan Paul, with buyers claiming the project was not launched as promised. In February 2026, he again filed a motion to dismiss a lawsuit in a Texas federal court accusing him of carrying out a rug pull through the project, stating that the latest complaint fails to establish that he should be held responsible for the project entity's actions.Binance stated it has frozen approximately $3 billion in stolen assets, and co-CEO Yi He said the exchange will bear all hacker losses. (Bitcoin.com News)
London Metal Exchange Plans to Tokenize Warehouse Metal Reserves
According to Bitcoin.com News, the London Metal Exchange (LME) stated that it is exploring the tokenization of metal inventory held under unregistered warehouse warrants to support business financing. The exchange announced plans to issue metal-backed tokens, which may be placed in third-party custody as needed for loans and other obligations; previously, there was no standard financing mechanism for metals under unregistered warrants. The LME noted that it is currently in the early exploration phase and will consult with stakeholders as the initiative develops.
Crypto Market Liquidations Surpass $1.54 Billion as Binance Attack Triggers Sell-Off
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
Study Estimates ~29,600 Physical Qubits Could Crack Bitcoin Keys in About 1 Hour
Odaily reports: Research from quantum computing company Alice & Bob estimates that a fault-tolerant quantum computer with approximately 29,588 physical qubits could solve the 256-bit elliptic curve cryptography problem used by Bitcoin in about 61.8 minutes. This problem underpins the digital signatures used to authorize Bitcoin transactions. The findings are theoretical resource estimates and do not mean that existing quantum computers already have the capability to crack it.The research also estimates that 22,593 physical qubits could crack RSA-2048 encryption in about 3.14 days. The calculations use cat qubits technology designed to reduce quantum errors, combined with more efficient error-correcting codes and improvements to Shor's algorithm.If a sufficiently powerful quantum computer could derive private keys from publicly exposed public keys, the relevant Bitcoin could face risks of unauthorized signatures and asset theft. The estimated cracking time is still longer than Bitcoin's average block interval of about 10 minutes; approximately 6.9 million Bitcoin may be at risk because their corresponding public keys have already been exposed. (Bitcoin.com News)