Prop firm news

LIVE

Live updates: promos, term changes, new challenges, payouts.

Total news
30
Firm
0
--:--
updated
Firm
Category
PropMarketCapFRESHInstitutional players and funds

ETH reserves on exchanges fell to 14.5 million coins - the lowest since 2016

As of November 2, platforms held about 14.5 million ETH - less than 42% of the 2020 peak volume. At the same time, traders are unwinding leverage: open interest in ETH futures contracted by $3.11 billion over a month and a half.

PropMarketCapFRESHExchanges and infrastructure

Binance has no cyber insurance for a hack of this scale: the crypto exchange is covering the $6.3 billion hole itself

The world's largest crypto exchange has lost assets worth roughly $6.3 billion, and it will have to reimburse them out of its own pocket: according to Bloomberg Law, Binance has no cyber insurance policy for that amount.

PropMarketCapFRESHInstitutional players and funds

Tether claimed 150,000 BTC - that's 50,000 coins more than in its own report

Tether CEO (the company issuing the largest stablecoin USDT - a coin with an exchange rate pegged to the dollar) Paolo Ardoino cited a figure of 150,000 BTC, worth roughly $11.5 billion. The company's quarterly report lists about 100,000 BTC, and he did not specify where the difference came from.

PropMarketCapFRESHExchanges 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On October 29, about $6.3 billion was withdrawn from Binance wallets across several blockchains.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.

PropMarketCapFRESHRegulation

CFTC chair calls $6.3 billion Binance hack an argument for cryptocurrency regulation in the US

Michael Selig, chairman of the CFTC (the US derivatives market regulator), in an interview with CNBC on October 30 called the theft from Binance an argument in favor of federal rules for crypto exchanges operating outside the US.

PropMarketCapFRESHInstitutional players and funds

Bitmine brought its holdings to 6.06 million ETH - that's 4.9% of all Ethereum

Bitmine Immersion Technologies, traded on the NYSE, bought another 8,573 ETH worth about $19 million last week and is closing in on its goal of holding 5% of all Ethereum coins.

PropMarketCapFRESHExchanges and infrastructure

7,500 BTC left in SAFU: Binance crypto exchange has spent half of its insurance fund

After a $6.3 billion hack - the largest in crypto history - Binance transferred 7,499 BTC from its SAFU insurance fund. The fund's Bitcoin reserves have roughly halved: from ~15,000 BTC to ~7,500 BTC (about $583 million), and the exchange has not given a timeline for replenishing it.

PropMarketCapFRESHExchanges and infrastructure

$3.64 billion left the Binance crypto exchange in 9.5 hours after withdrawals opened

Binance resumed withdrawals after the largest crypto hack in history at $6.3 billion and in the first nine and a half hours paid out a net $3.64 billion. The exchange itself calls this 2.1% of its assets.

PropMarketCapFRESHExchanges and infrastructure

Binance recovers 90% of stolen funds: crypto exchange prepares for relaunch on November 1

After $6.3 billion was stolen from the exchange's wallets, Binance stated that it has returned about 90% of the withdrawn assets and aims to resume operations on November 1. Full cryptographic proof of reserves is promised by November 3.

PropMarketCapFRESHExchanges and infrastructure

Tether earned $1.5 billion on the USDT stablecoin in a quarter and holds $191.5 billion in assets

Tether (the issuer of USDT, the largest stablecoin - a coin whose exchange rate is pegged to the dollar) reported $1.5 billion in operating profit for the third quarter of 2026. Since the start of the year, the result has reached $4.5 billion.

PropMarketCapFRESHExchanges and infrastructure

$6.3 billion stolen from Binance hot wallets: crypto exchange has not resumed withdrawals

On Thursday, about $6.3 billion was withdrawn from Binance wallets — the largest theft in crypto market history. The exchange has reserved $6.34 billion to compensate clients, but withdrawals for users still do not work.

PropMarketCapFRESHCrypto market

In 24 hours, $1.65 billion was liquidated on the crypto market: BTC dropped to $76,000

Bitcoin's crash amid reports of a Binance hack wiped out the positions of 254,258 traders. Almost 86% of the total volume was long positions, i.e., bets on growth.

PropMarketCapFRESHExchanges and infrastructure

Largest theft in crypto history: Binance crypto exchange reserved its $6.34 billion

Late in the evening on October 29, about $6.3-6.4 billion across 10 blockchains was withdrawn from Binance's hot wallets (network-connected storage from which client payouts are made). This is the largest theft in the industry's history - roughly four times larger than the $1.5 billion Bybit hack in February 2025.

PropMarketCapFRESHInstitutional players and funds

Strategy (formerly MicroStrategy): $19.53 billion profit for the quarter and $432 million in Bitcoin sales

Strategy (Michael Saylor's company, the largest corporate holder of Bitcoin) reported third-quarter 2026 results with net income of $19.53 billion versus $2.79 billion a year earlier. Almost all of it is paper: it is a revaluation of crypto reserves, not business income.

PropMarketCapFRESHCurrencies, commodities and indices

Europe to sell 42 million barrels from reserves over three months: what this means for oil prices

European countries will sell 42 million barrels of oil from strategic reserves over three months. France announced this, Bloomberg reports.

PropMarketCapFRESHRegulation

Ripple received a banking license in the US: cryptocurrency regulation has reached RLUSD reserves

The US Office of the Comptroller of the Currency (OCC, the regulator of national banks) has granted Ripple final approval to launch Ripple National Trust Bank. Now the $2.5 billion in RLUSD stablecoin reserves will be managed under federal oversight.

PropMarketCapFRESHExchanges and infrastructure

XRP reserves on crypto exchanges hit a yearly high: 6 billion tokens flowed in over 30 days

Over 30 days through October 19, 6.05 billion XRP were deposited to exchanges - the most since March. Total exchange reserves rose to 11.81 billion tokens, the 99th percentile for the year.

PropMarketCapFRESHInstitutional players and funds

SkyAI sold all of its SOL and allocated $201.3 million to buy back its own securities

SkyAI (formerly Sharps Technology) has completely exited its Solana reserves - more than 2 million SOL - and instead of buying coins, is launching a buyback of shares and warrants worth up to $201.3 million

PropMarketCapFRESHInstitutional players and funds

Strive Vivek Ramaswamy bought another 3,311 BTC in a week

Last week, Strive increased its Bitcoin reserves by another 3,311 BTC. The purchase became part of a corporate strategy of holding BTC on the balance sheet as a long-term reserve asset.

PropMarketCapFRESHInstitutional players and funds

Metaplanet raises $329M to free Bitcoin from collateral

Japanese Metaplanet announced the issuance of bonds worth ¥52 billion ($329 million). The funds will go toward repaying Bitcoin-backed loans and buying back shares, while the company does not plan to sell its 44,000 BTC.

PropMarketCapFRESHInstitutional players and funds

Record inflow into spot gold ETFs: $30.7 billion in a quarter

Global exchange-traded funds backed by physical gold attracted $30.7 billion in the third quarter of 2026. This is the largest quarterly inflow in the entire history of observations, and metal holdings in the funds hit an all-time high.

PropMarketCapFRESHInstitutional players and funds

Strategy bought only 250 BTC: purchase volume fell 84% in two weeks

Strategy added 250 BTC for $21.5 million in a week, whereas two weeks ago it acquired 1,665 BTC. At the same time, the company allocated $192 million to buy back STRC preferred shares, almost nine times more than for Bitcoin.

PropMarketCapFRESHCurrencies, commodities and indices

Inflows into gold funds hit a four-year high, gold price above $4,200

Gold is trading around $4,215 on Monday and holds above $4,200. The metal is supported by the largest inflows into gold ETFs in four years, central bank buying and a weaker dollar.

PropMarketCapFRESHCurrencies, commodities and indices

Fed minutes pushed gold price down to $4,066 - a two-month low

Gold declined after the publication of the minutes of the September Fed meeting. XAU/USD briefly dropped to $4,066, the lowest level in about two months, amid a stronger dollar and rising US bond yields.