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- Binance founder warns 'banks may be easier to hack than crypto exchanges'
Changpeng Zhao (CZ), Binance's founder, says AI could increase cyberattacks in the short term and make banks easier to hack than crypto exchanges. He calls for common security standards, sharing of intrusion experiences and faster freezing of stolen assets; according to The Block, discussions on an industry security alliance have begun but no concrete agreement has been reached. The warning follows the Binance attack on 29/10, which affected about 6.3 billion USD in assets. CoinDesk reported that researchers have found no evidence that AI directly controlled the laundering of the stolen funds. In Vietnam, the State Securities Commission (SSC) asked securities firms and fund management companies to step up information system safety checks and prepare incident response plans.
- THORChain's RUNE jumps 10% as North Korean hackers resume laundering Binance loot
- Binance hack may be ‘temporary setback’ for crypto, Grayscale’s Pandl says
Grayscale's head of research, Zach Pandl, said the $6.3 billion Binance hack could be a temporary setback for crypto confidence but should ultimately push exchanges toward stronger security. He highlighted institutional custody, noting that US-based crypto exchange-traded products hold assets at state-chartered banks and qualified custodians, using offline storage, multi-signature wallets, SOC attestations and insurance. Binance pledged to cover all customer losses, the FBI attributed the attack to North Korea, and Kim Yo Jong dismissed the allegations as “absurd rhetoric.” Bitcoin fell below $77,000 and BNB lost more than 8% over 24 hours, but total crypto market capitalization rebounded 2% over the past 24 hours to about $2.63 trillion by Wednesday, still roughly $100 billion below its Oct. 28 level. Bitwise's André Dragosch told Cointelegraph that recent outflows from US spot Bitcoin ETFs reflected a short-term risk-off environment rather than a structural change in institutional sentiment.
- Binance hackers move 81% of stolen Solana, route funds via THORChain
Binance hackers have moved about 81% of the stolen Solana (SOL) and continue laundering funds through THORChain after the protocol resumed swaps. Wallets linked to the attackers held 182,443 SOL, worth $16.9 million, or about 18.8% of the 970,522 SOL stolen, according to Arkham, and the funds were split across wallets, sold for USDC, bridged to Ethereum and ultimately swapped into Bitcoin. The FBI attributed the attack to North Korea's TraderTraitor hackers and urged crypto providers to block transactions linked to stolen assets, which Kim Yo Jong, sister of North Korean leader Kim Jong Un, dismissed as ‘absurd rhetoric.’ THORChain had halted services after an Ethereum block reorganization exposed a refund bug, a pause that Chainalysis said inadvertently delayed the laundering. Chainalysis also estimated that about $500 million moved through Tron.
- RUNE rallies 15% as THORChain restarts most swaps after halt
THORChain has restored trading on Bitcoin, Ethereum and several other networks after a weekend halt, while BNB Smart Chain, Cosmos Hub and Solana still show warnings. According to CoinMarketCap, the RUNE token traded around $0.64 on Wednesday, up approximately 15% over the previous day. The disruption began when a one-block Ethereum reorganization removed a 10 ETH deposit that THORChain had already credited; after a swap failed its price limit, the protocol issued refunds against funds its vault never received, causing an extra 10 ETH payout and an automatic pause. Chainalysis said the pause had inadvertently delayed laundering of funds stolen in the $6.3 billion Binance hack by North Korean hackers.
- Binance breach puts custody at center of crypto infrastructure trade
The $6.3 billion Binance hack could push investors to place a higher premium on custody providers and the infrastructure that protects digital assets. Binance's leadership moved quickly to contain the fallout and commit its own resources to cover losses; CEO Richard Teng said the company has replenished 98% of the $6.34 billion in affected assets and is still buying outstanding, more illiquid assets. Tether, Circle, Ripple and others froze or restricted about $3 billion in stolen assets, while Coinbase blocked transfers to compromised wallets. The article suggests the next winners may be firms that can prove they can protect assets under extreme pressure, not just those with the most users, volume or assets under custody. Morgan Stanley sees a more consequential shift in separating custody from trading, as investors could move assets to independent custodians while still trading on centralized exchanges.
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Newly elected Democratic majorities in the Senate and House plan to pass a flurry of bills soon after taking office in January, focusing on affordability, including high costs for gas and groceries, CNBC reports. In their first 100 hours, House Democrats plan to restore expired enhanced health insurance subsidies and reverse Medicaid cuts Trump signed last year, while the party also plans to push a bill undoing his sweeping tariffs and to vote again on ending the Iran war. Democrats are also mapping oversight investigations of Trump, his family, cabinet and business supporters, though Minority Leader Hakeem Jeffries said targets have not yet been evaluated. Sen. Ron Wyden, the top Democrat on the Senate Finance Committee, pledged to make billionaires pay their fair share of taxes and to scrutinize insurers and pharmaceutical CEOs. Some Democrats are also pushing an ethics package that could ban stock trading by officials and limit super PAC spending.
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- Is Broadcom Stock a Buy Now?
Broadcom shares are down 31% from their all-time high and 4% since the start of 2026, hit by a semiconductor sell-off after Intel's disappointing fourth-quarter guidance. Yet the author notes fiscal third-quarter AI semiconductor revenue of $16.7 billion beat the $16 billion target, up 221% year over year, and total revenue reached $29.6 billion, up 86%. Management guided to $21.7 billion in AI semiconductor revenue for the fourth quarter, up 236%. Risks remain, including competition from Google's expanded Marvell partnership, and the stock trades at 28.3 times forward earnings. The author still considers the valuation justified by the results and finds the shares attractive below their peak.
- Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up
The SEC's Division of Corporation Finance said it views Canton Coin as a “digital commodity” and won't recommend enforcement action if validators and application providers mint the token programmatically without registering it. The staff relied on Canton's representations that the token's value comes from network operation and supply and demand, and that the network has no “central party.” Canton launched without an initial coin offering or premine, with tokens earned only by running network infrastructure and applications. The relief arrived a week after DTCC launched a tokenization service on Canton that lets firms convert DTC-held stocks and Treasuries into tokens, and Morgan Stanley said it was among the first banks to use it. The SEC noted the letter reflects only staff's enforcement position, not a legal conclusion, and rests on the facts Canton presented. Digital Asset, which created the Canton Network, raised $355 million earlier this year from Wall Street firms and a sovereign wealth fund.
- Blue Chips Surge Past 2.8% as VIX Drops Below 18 While Oil Sinks Nearly 8%
In a single session, the Dow jumped 2.87% to a record 53,275.11, the S&P 500 gained 1.74% and the Nasdaq Composite rose 1.89%, while the VIX fell to 17.08. WTI crude dropped 7.44% to $88.94 a barrel, while gold rose 3.38% to $4,073.40 an ounce and silver gained 5.16%. In earnings news, Amgen reported third-quarter total revenues up 8% to $10.4 billion, and Thomson Reuters' revenues rose 10% to $1,833 million. Agnico Eagle Mines posted quarterly net income of $1,353 million, or $2.67 per share, and returned $478 million to shareholders.
- Alphabet (GOOGL) Is Spending $15 Billion On Malaysia Data Centers
Alphabet (GOOGL) announced a US$15b investment in 2026 to expand Google data centers and AI infrastructure in Malaysia. The expansion includes new cloud facilities meant to serve regional AI demand from enterprise and public sector clients. In a separate development, an Alphabet shareholder sued senior executives, alleging Google's AI models were trained on copyrighted material without proper authorization. The article notes that if courts require tighter controls on training data or raise compliance costs, the AI services built on this infrastructure could face heavier constraints.
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