Mercado Bitcoin Suspends Withdrawals After $40M in Suspcious Transfers

TL;DR Brazil-based Mercado Bitcoin suspended deposits and withdrawals after suspicious transfers affected wallets across at least 10 blockchain networks. Security researchers estimate that more than $40 million in crypto assets moved to new addresses. The exchange says it contained the incident, with no customer harm or data breach reported. Tether froze $4.5 million in USDT […]

CFTC Opens Regulatory Path for Crypto Markets as US Lawmakers Stall

TL;DR The CFTC is developing a federal framework for certain leveraged and margined retail crypto transactions. The proposal could give eligible crypto exchanges a route to operate under a national regulatory system rather than relying solely on state-level licensing. The agency opened a public consultation on October 5, seeking feedback on proposed rules and a […]

Trezor Expands Wallet Security Features Following $100M Coldcard Exploit

TL;DR Trezor expands wallet maximum passphrase length from 50 to 128 characters. The update follows July’s Coldcard vulnerability, which exposed weaknesses in recovery phrase generation and contributed to more than $100 million in reported losses. Strong, unique passphrases helped protect some users whose wallet backups were compromised. The new limit requires updated Trezor Suite software […]

Binance Outflows and ETF Selling Weigh In On BTC

TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed. U.S. spot Bitcoin ETFs recorded $643 million in outflows on Friday, adding to pressure […]

Binance Outflows Reached $6.1 Billion After Reopening Withdrawals

TL;DR Binance-linked wallets recorded approximately $6.1 billion in outflows within 24 hours of withdrawals resuming The Binance outflows represented around 3.6% of the exchange’s previously reported $171 billion in assets Binance says withdrawal demand is stabilising and claims to have replenished approximately 95% of the assets affected by the hack Binance Faces Withdrawal Pressure After […]