Experts divided over Binance hack asset freezes, warn recovery is another matter

Tether, Circle and others moved within hours to block billions in stolen crypto, but legal experts question whether smaller victims would get the same protection. Source link

Binance arranges $6.34 billion to cover losses from record crypto hack

Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets. Source link

Binance hack drained wallets backing customer assets, reserve data shows

Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen. Source link

Stanley Druckenmiller's first X post backs Hyperliquid venture after $23 million indirect investment

The billionaire investor disclosed an investment in Trade[XYZ] as the platform teams up with the NYSE’s parent company. His family office previously reported owning shares in a HYPE-focused treasury company. Source link

Polygon Expands Open Money Stack to Solana

Polygon Labs is expanding Open Money Stack, its suite of services connecting bank accounts, crypto wallets and payouts, to the Solana network. The expansion lets businesses building on Solana use Open Money Stack to accept funding from bank accounts, provide customer wallets and arrange payouts. Polygon Labs CEO Marc Boiron told Cointelegraph that customer demand…

Former Swift CEO joins stablecoin firm OpenTrade as chairman

Lazaro Campos takes the board role as the London-based company reports $300 million in assets locked and more than $1 billion in annual transaction volume. Source link

Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost

Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly. Source link

DTCC Subsidiary Launches Tokenization Services

The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC. DTCC clients are eligible to use the DTCC Tokenization Service (DTS). DTS will convert between traditional and tokenized forms of securities that are transferable…

Wall Street giant DTCC launches tokenization for $30T stocks, ETFs and U.S. Treasuries

Bringing blockchain technology into the system could make tokenized assets part of mainstream market infrastructure rather than a separate market operating alongside it. Tokenization promises to make financial assets easier to transfer, settle and use as collateral. While banks and asset managers have spent years experimenting with blockchain-based securities, connecting those assets to the systems…

Bitcoin treasury stock plunges 50% after firm says it can’t access its BTC

Datavault AI (DVLT) shares plunged nearly 50% on Tuesday after a filing revealed that the company had been unable to withdraw bitcoin from crypto exchange Biconomy since June and would have to restate its financial results. The stock closed at $0.067, down 49.55%, with roughly 244 million shares traded. The problem traces back to a…