A U.S.-based blockchain intelligence firm says a North Korean unit was likely behind the hack that impacted more than $6 billion US on Binance, the world's biggest cryptocurrency exchange.

A suspected Binance hack and a massive options deadline just hit crypto markets. Your portfolio could be affected. Read the full story.

Bitcoin slides below $77,000, BNB drops amid Binance hack BNB lost 7.1%, while Binance Co-CEO Yi He pledged that the exchange will cover all user losses resulting from the hack. Bitcoin Bitcoin BTC-2.31% fell below $77,000 late Thursday, alongside declines in other major cryptocurrencies, as the Binance exploit intensified a market-wide sell-off. The world's largest cryptocurrency dropped 4.5% over the past 24 hours to trade at $76,664 as of 10:00 p.m. ET Thursday, according to The Block's bitcoin price page. BNB BNB-5.67% , the native cryptocurrency that powers the Binance ecosystem, lost 7.1% to change hands at $698.65. Ethereum slid 5.2% to $2,190, while XRP fell 7% to $1.21. Crypto liquidations totaled $1.55 billion over the past 24 hours, with 246,482 traders liquidated, according to CoinGlass data. Those included $1.34 billion in long positions. The largest observed liquidation order was on Binance-BTCUSDT, valued at $11.09 million The crypto market decline coincided with a major Thursday hack at Binance, the world's largest cryptocurrency exchange. Blockchain analytics firm Chainalysis estimated that roughly $5.9 billion was stolen at the time of the theft. "The Binance exploit has intensified market-wide selling, with BNB facing the greatest exposure. About $1.5 billion in 24-hour liquidations, predominantly long positions, has amplified pressure on BTC and ETH," Dominick John, analyst of Zeus Research, told The Block. "Market recovery hinges on Binance restoring confidence in exchange security and customer funds," John added. Analysts see 'contained' market fallout However, Rick Maeda, head of Markets at Laevitas, suggested that the market reaction to the Binance hack appears to be "fairly contained" and that the BNB's drop was "quite modest for possibly the largest exchange theft ever." "The exchange's $144 billion assets under custody, the fact that they paid a $4.3 billion penalty to the U.S. government in 2024 for AML breaches with no issue, as well as the swift responses from stablecoin providers such as Tether and Circle to freeze over $2.4 billion have all contributed to the lack of panic across the industry," said Maeda. Jeff Ko, chief analyst of ViaBTC, shared similar views. "I don't expect the stolen BTC to add much selling pressure," said Ko. "The broader crypto market was already leaning bearish, which is why the sell-off spread so quickly across the board. That said, I believe Binance can absorb the loss comfortably." Covering user losses Binance said on X that the currently verified frozen amount from the hack is around $3 billion. Binance Co-CEO Yi He also said that the exchange will cover all user losses resulting from the hack. Coinbase CEO Brian Armstrong said Coinbase is "doing everything we can to support in the current situation," including blocking transfers to compromised wallets. "Moments like this call for the industry to work together," Armstrong added. Ref: https://paykalken.com #Bitcoin #BTC #Binance #BNB #BinanceHack #CryptoCrash #CryptoLiquidations #CryptoSecurity #Ethereum #CryptoNews Bitcoin slides below $77,000, BNB drops amid Binance hack

What if a single click on an ordinary work laptop could wipe out billions in crypto, crash tech stocks, and freeze a military base in its tracks? 🚨 In this explosive breakdown, we react to the chilling Breaking Points investigative report exposing how our hyper-connected world is hanging by a digital thread. From the audacious multi-billion-dollar Binance crypto heist engineered by North Korean cyber operatives to the crumbling facade of the unprofitable AI boom, the cracks in the machine are showing—and they are terrifying. Here is what we uncover in this episode: - The One-Laptop Heist: How elite cyber actors compromised an entire blockchain ecosystem through a single compromised machine to pull off the ultimate digital bank robbery. - The AI Money Pit: Silicon Valley is pouring hundreds of billions into generative artificial intelligence with zero profits to show for it—cannibalizing ad revenue and steering tech markets toward a massive correction. - From Code to Real World Chaos: Digital attacks are no longer trapped on screens; discover how bad actors quietly manipulated critical military base cooling systems, demonstrating how fragile physical infrastructure truly is. - The Illusion of Automation: Why our unconditional faith in algorithms and automated financial networks might just be the greatest systemic vulnerability of our lifetime. Are our personal funds, critical infrastructure, and global markets truly secure, or are we sleepwalking into an irreversible cyber-financial reckoning? Listen to get ahead of the curve. 🎧 Enjoying the deep dive? Subscribe, rate us 5 stars, and share this episode with a friend who still thinks their crypto and tech stocks are totally safe. Let's make smart security second nature!  

Angry after the defeat of a major crypto bill last week, the industry is planning to spend $30 million against Sherrod Brown in Ohio.

The landmark legislation, known as the Clarity Act, stalled in the Senate as Democrats raised concerns about President Trump’s personal investments in crypto.

AI startup Anthropic acquired Riot Platforms' data center for $9.1B, securing 191MW of AI infrastructure. Riot shifts from crypto mining to powering AI models in a dramatic pivot driven by the crypto crash. Wall Street approves despite Q2 revenue declines. #AI #Bitcoin #Anthropic #RiotPlatforms #DataCenter #TechNews 2026-08-11 Tools used for generation Text Gemini Narator Azure TTS Clips Pexel Rendering Remotion

US authorities allege he was responsible for the collapse of two coins, prompting a massive crypto sell-off.

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