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PropMarketCapFRESHRegulation

Thailand to disconnect Bitget starting December 5 and files criminal complaint against the exchange operator

Thailand's Securities and Exchange Commission (SEC, the local financial market regulator) announced on November 5 that the Bitget website, related domains and mobile application will be blocked in the country starting December 5. At the same time, a criminal complaint has been filed against the exchange operator, BG Limited, for operating without a license.

PropMarketCapFRESHExchanges and infrastructure

8426 ETH were taken from a Binance hacker without a private key, Polygon prepares a hard fork for $6.8 million

The Arbitrum network security council used special powers to transfer 8426 ETH and 74.6 million ARB from the Binance hacker's wallet - the owner's signature was not required for this. In parallel, Binance and Polymarket submitted a proposal to Polygon governance for a hard fork that would seize 70.49 million POL (about $6.8 million) from five addresses.

PropMarketCapInstitutional players and funds

Binance: +$1.82 billion in a day versus minus $11.8 billion in a week

After resuming withdrawals, Binance showed a daily net inflow of $1.82 billion. The weekly total, however, remained deeply negative: $11.832 billion in net outflow.

PropMarketCapExchanges and infrastructure

Tether froze $1.5 billion in the USDT stablecoin out of the $6.3 billion stolen from Binance

On October 29, about $6.3 billion was withdrawn from Binance wallets across several blockchains. Tether, the issuer of the largest stablecoin (a coin whose exchange rate is pegged to the dollar), said it managed to immobilize more than $1.5 billion of the stolen USDT.

PropMarketCapRegulation

New Jersey eased cryptocurrency regulation: staking on Coinbase allowed after three years

The state Bureau of Securities withdrew the June 2023 order along with the $5 million fine. State residents will again be able to stake (lock coins in the network for a reward) through Coinbase; the company did not name an exact date.

PropMarketCapExchanges and infrastructure

Binance has opened the second stage of withdrawals: the crypto exchange is recovering after a $6.3 billion hack

From 07:00 Moscow time on November 3, Binance is again letting money out according to a new list of assets. This is the second stage of unblocking after the largest hack in the exchange's history, which caused withdrawals to be stopped completely.

PropMarketCapCurrencies, commodities and indices

Iran's Hormuz plan knocked Brent crude price down 3% in a day - to $110

Brent crude (the benchmark grade used to price oil in Europe and Asia) fell to $110.06, losing $3.37 in a day. The reason is not OPEC+, which on Sunday left December quotas unchanged, but Tehran's statement that the Strait of Hormuz could be opened in two days.

PropMarketCapCrypto market

Binance hacker sold seven altcoins for $158 million and moved into 70,480 ETH

The attacker who withdrew about $3 billion from Binance sold off seven tokens for $158.25 million and used all the proceeds to buy 70,480 ETH. About $2.86 billion remains under his control, while issuers managed to freeze another roughly $2.69 billion.