Crypto News

A reported $2.8 billion outflow from a Binance hot wallet and temporary withdrawal pauses sparked a leveraged crypto sell-off on Oct. 29–30. Binance has not confirmed any loss of customer funds. Liquidations reached an estimated $590 million to $628 million in the peak hour, with estimates for the full day ranging from $356 million to $834 million. Bitcoin fell about 5%, while Ethereum lost 6%; mid-cap altcoins were hit harder. Chainlink (LINK) dropped about 11% before recovering to around $11.04, just above its 200-day average. LINK has logged 18 consecutive days of net outflows from Binance, a sign that some holders may be moving tokens into self-custody. However, LINK remains below resistance near $12.06 and its 50-day average. Avalanche (AVAX) rebounded about 3% to $8.51 but remains below its 200-day and 50-day averages, near $9.11 and $9.35. LINK’s hold above the $11 area and AVAX’s ability to reclaim resistance are key near-term tests. Renewed selling could put LINK’s support near $9.75 and AVAX’s near $7.04 at risk.

North Korea-linked crypto hacks have involved about $9.6 billion since 2019, according to monitoring account unfolded. The reported Binance theft accounts for roughly $6.4 billion—about two-thirds of the total—with around $3 billion reportedly frozen. That figure exceeds the combined value of the next nine largest hacks, estimated at $5.4 billion. Other cited incidents include Bybit ($1.4 billion), the Ronin bridge ($624 million), Bitget ($387 million), Drift ($295 million) and Kelp DAO ($293 million). Attribution for several recent incidents, including those involving Binance, Bitget and Drift, is based mainly on security firms’ assessments and has not been confirmed by the FBI. The figures highlight the scale of North Korea-linked crypto hacks and the continuing security and attribution risks facing crypto exchanges and protocols.

Binance co-CEO He Yi said the exchange’s hot-wallet breach caused net losses of more than $3bn. She said the affected funds represent just over 2% of Binance user assets and publicly disclosed reserves. Binance has paused withdrawals as a precaution, while He Yi said user funds remain safe. The exchange plans to increase security investment and step up efforts to combat hackers. The scale of the Binance hack may weigh on confidence in the short term, even as the exchange’s reserve comparison is intended to reassure users.

Listed Bitcoin treasury companies hold about 1.3 million BTC across 180 firms, equal to roughly 6.2% of Bitcoin’s eventual supply, according to figures cited by Bitfinex. Strategy holds 848,517 BTC, around two-thirds of the total, making its ability to keep raising funds especially significant for the market. Bitfinex warns that discounts on preferred shares could weaken the financing model used to fund further Bitcoin purchases. If investor demand falls or fundraising becomes more expensive, companies could face pressure to sell Bitcoin to meet dividend obligations. Strategy’s STRC closed at $99.34 on Oct. 29, below its $100 stated value. The company plans to move STRC to daily dividend record dates from Nov. 1, a change intended to reduce price volatility around payment dates, not increase the dividend amount. Other Strategy preferred securities are scheduled to follow in 2027. Strive, which already pays daily dividends on its SATA preferred shares, raised about $630 million by selling 7 million SATS shares at $90 each. It also bought 6,182 BTC between Oct. 17 and 23, bringing its holdings to 43,000 BTC. Its cash balance was $504.4 million on Oct. 23. For Bitcoin traders, the data show continued corporate demand but also highlight how dependent some treasury purchases are on preferred-share markets. A deterioration in financing conditions could curb buying or create eventual selling pressure.

Crypto stocks fell broadly on Oct. 30, with Coinbase down 12.54% after reporting a 44% year-on-year drop in third-quarter transaction revenue. Riot Platforms, Hut 8 and Robinhood each lost more than 8%. The declines came as Bitcoin traded near $77,454, down about 5% in a market snapshot, and followed news of a Binance security breach affecting an estimated $6.3 billion in assets. Binance said it had committed more than $6.34 billion in company funds to replace affected assets, including $5 billion held in the relevant cryptocurrencies. It also reported that about $3 billion had been frozen through industry cooperation and said buybacks were underway, though thin liquidity could slow some purchases. Coinbase returned to quarterly profit, reporting net income of $718.7 million, but total revenue fell 35% year on year to $1.216 billion. Strategy was down 6.23% after recovering from its session low. The broad sell-off in crypto stocks exceeded declines in major US equity benchmarks, reflecting pressure from weaker trading revenue, the breach and a broader market downturn.

CFTC Chairman Michael Selig says the agency is advancing a voluntary federal registration option for crypto exchanges. He discussed the proposal with CNBC while speaking about the Binance hack, Reuters reported. With Congress yet to pass related legislation, the CFTC registration route could offer exchanges a clearer path into federal oversight. Selig says the aim is to provide crypto markets with protections similar to those in US derivatives markets. The proposal is not mandatory, and no requirements, timeline or immediate changes to exchange operations have been reported.

Ethereum has fallen toward $2,200 after sellers rejected it near $2,800, putting a key support zone under pressure. ETH is trading around $2,240 within a short-term descending channel, where the channel floor near $2,150 overlaps with horizontal demand at $2,200–$2,300. A sustained hold above $2,200 could support a relief bounce toward $2,400–$2,500. A confirmed daily close below that level may expose the next major support near $1,900. The Coinbase Premium Index, which compares ETH prices on Coinbase and Binance, has dropped to about -0.21—its lowest reading in more than a year, according to the analysis. The negative reading signals weak US investor demand relative to the broader market. A similarly extreme reading preceded a local low in February 2026, so it may also indicate capitulation. A recovery in the index alongside ETH’s price would help support a rebound; otherwise, weak demand and bearish chart structure could keep downside risks elevated.

THORChain’s RUNE rose more than 13% on Friday, climbing from about $0.59 to $0.67 as investigators traced funds linked to a reported $6.3 billion Binance security breach through the cross-chain protocol. Funds associated with Bitget’s $388 million hack were also reported to have passed through THORChain and converged at an Ethereum address. Binance’s preliminary investigation pointed to a potentially compromised DevOps engineer’s laptop and unauthorised withdrawal transactions. TRM Labs and Chainalysis linked the Binance attack to North Korean hackers, while the Bitget incident was attributed to the TraderTraitor group. THORChain enables cross-chain swaps without a centralised exchange. Its permissionless design has drawn scrutiny because funds associated with previous attacks, including the $1.4 billion Bybit hack, reportedly moved through the protocol. THORChain says it cannot block individual swaps, although node operators can pause activity on a blockchain or across the network. The RUNE rally does not by itself show increased confidence in THORChain’s security. The latest reports renew questions about how cross-chain DeFi protocols can handle suspicious crypto flows while maintaining permissionless access.

A Binance-linked hacker holds 18,270 BTC worth about $1.42 billion—roughly 3.2 times the $440.7 million that US spot Bitcoin ETFs attracted from October 26 to 29. The Bitcoin has not been sold, but its potential sale adds a significant supply overhang as BTC trades near $77,300. The attacker has reportedly sold smaller tokens, including UNI, PEPE, ENA and LINK, for about $158 million in ETH. Binance says it has set aside more than $6.34 billion to cover losses, with about $3 billion in stolen funds frozen. The exchange says it is buying replacement assets, primarily altcoins. Bitcoin fell to $76,500, near its 200-day EMA at $76,465. Traders are watching resistance around $80,000–$80,581 and support at $76,465, with $74,968 a further downside level. A move of the hacker’s BTC to exchanges could intensify selling pressure. The article notes that replacement buying after the 2025 Bybit hack offered only temporary support, although broader market conditions also drove prices lower. Trader Route 2 FI remains bullish enough to buy the dip, while the potential BTC sale remains a near-term risk.

UK crypto firms have until 11:59 p.m. on February 28, 2027, to apply for authorization under the Financial Conduct Authority’s new regime. The rules take effect on October 25, 2027, and existing anti-money laundering registrations will not automatically qualify as authorization. Firms will be assessed on consumer protection and market integrity, as well as financial crime controls, and may continue operating while applications are reviewed. The deadline follows Europe’s MiCA rollout, which resulted in about 213 licensed crypto-asset service providers across the EU. Only 16 of the top 100 exchanges by trading volume obtained MiCA licenses. Executives with experience of that process warn that slow, unpredictable reviews—not just the application deadline—can pose a significant risk. UK crypto firms face capital requirements of £75,000 to £750,000, while stablecoin issuers must meet a £350,000 minimum. The FCA’s October 29 court order barring HTX from unauthorized promotions also signals that enforcement is already active.

A Biteye review of more than 30 publicly disclosed centralized exchange (CEX) hacks from 2014 to 2026 estimates losses at $11.3 billion to $11.4 billion, using prices at the time of each incident. It says 15 attacks were attributed or linked to North Korean hackers, accounting for nearly 90% of the estimated losses. CEX hacks have shifted from hot-wallet and private-key theft to attacks targeting multisignature systems, employees, vendors and software supply chains. The incidents include the 2016 Bitfinex theft of about $71 million, the 2024 DMM Bitcoin and WazirX breaches, with reported losses of about $308 million and $230 million, and the 2025 Bybit hack. About 400,000 ETH was stolen in the Bybit incident after a Safe wallet interface was manipulated; losses were estimated at roughly $1.5 billion. Biteye says 12 major incidents occurred in 2024–2025, close to the total reported for 2014–2022. It also describes alleged 2026 incidents involving Bitget and Binance, whose figures and outcomes remain unconfirmed. About $3 billion in assets connected to the Binance incident had reportedly been frozen, so this is not a confirmed loss estimate. The review highlights persistent CEX security and custody risks for traders. It recommends that exchanges strengthen employee, vendor and signing-system protections, while users consider passkeys or hardware keys, withdrawal-address allowlists and regular API-permission reviews. The incidents may prompt traders to reduce exchange balances and monitor outflows, but the tally alone does not establish a broad market loss or lasting price trend.

Binance fund tracing has uncovered a possible link to a separate Bitget case. On-chain investigator ZachXBT says some funds from both cases passed through THORChain and reached the same Ethereum address: 0x15104a9ce0f08a8f0075a0869ae80e795fe0feb7. He says the overlap may point to the same actors, but the address links only part of the funds and does not confirm who was behind either incident. The report places the lead in the wider challenge of laundering stolen crypto and converting it into fiat. US authorities have said that Huione received at least $37.6 million in funds linked to North Korean thefts, including about $35 million from DMM and $2.6 million associated with Atomic Wallet, CoinsPaid and Alphapo. Separate investigations have described suspected links between payment networks, North Korean-linked actors and stolen assets from incidents including Bybit and Ronin. Tracing blockchain transfers alone cannot establish who ultimately received the money. Investigators would also need exchange and OTC records, bank data, payment logs and information on account controllers. For traders, the findings highlight ongoing cross-chain laundering risks and scrutiny of crypto-to-fiat channels, but they do not establish a new loss or prove that the Binance and Bitget cases share perpetrators.

The Federal Reserve held its federal funds rate target at 3.75% to 4% in a 10–2 vote, saying it wanted more information before deciding whether to raise rates again. The decision came as September’s Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation measure, rose 0.5%, up from 0.3% in August. The article argues that strong nominal spending suggests the economy may still be running too hot for price stability, strengthening the case for another rate increase. The Fed’s next meeting is in December, when policymakers will have more data. For traders, the figures keep attention on inflation, interest rates and the prospect of tighter monetary policy.

Bitcoin fell below $77,000 on October 30 after a major Binance security breach rattled crypto markets, briefly touching about $76,460 before recovering towards $78,000–$78,500. Binance’s preliminary investigation cited a compromised DevOps engineer’s laptop and unauthorised withdrawals. Blockaid tracked at least $3.5 billion flowing out of Binance wallets across four blockchains in under an hour. Binance said it had set aside more than $6.34 billion in company funds, while partners froze about $3 billion; these figures describe different amounts and do not establish a confirmed total loss. The exchange temporarily paused deposits and withdrawals and said it would cover losses with its SAFU fund and corporate resources. The investigation is ongoing. The sell-off drove about $1.53 billion in crypto liquidations over 24 hours, including roughly $1.29 billion in long positions. Bitcoin accounted for about $499 million and Ethereum $358 million, while Binance recorded $754.6 million. Traders are watching Bitcoin support around $76,200–$76,800, with $75,000 also in focus. A sustained move below support could expose $73,000; a recovery above $80,000 could put $84,000–$86,500 in view. Nansen traced some stolen assets, including about $60 million in USDT deposited to Aave to borrow $43.5 million worth of ETH. Withdrawal access, confidence in reserves, market liquidity and any stablecoin depegging will help determine whether the breach triggers wider market stress. In a counterpoint to the sell-off, US spot Bitcoin ETFs recorded $17.07 million in net inflows on October 29, their fourth consecutive day of inflows.

Binance says it has reserved more than $6.34 billion in company funds to replace assets lost in the Binance hack. About $5 billion is already held in the affected cryptocurrencies; the exchange is buying the remaining tokens, although limited liquidity could slow some purchases. The pledge adds detail to Binance’s earlier commitment to cover customer losses with its SAFU fund and company funds. Strategy Executive Chairman Michael Saylor also said he expects customers to be made whole. The roughly $3 billion in frozen assets is separate from the replacement funds and has not all been returned. Deposits are operating normally, but withdrawals remain paused while Binance upgrades security systems; the exchange has indicated they could resume within 48 hours. Binance has promised a technical postmortem. Its preliminary investigation pointed to a compromised DevOps engineer’s laptop, with no evidence of leaked wallet private keys reported so far. A technical report and updated proof of reserves are also outstanding. Investigators traced about $6.36 billion in transfers across 10 blockchains. TRM Labs attributed the attack with high confidence to North Korea’s TraderTraitor group, but Binance has not confirmed the attacker’s identity. Blockaid also identified 50 Ethereum EIP-7702 authorizations involving a Binance hot wallet. For traders, the Binance hack keeps attention on exchange security, withdrawal access and recovery accounting. The reimbursement plan may ease customer-loss concerns, but uncertainty around frozen assets and paused withdrawals could weigh on confidence and increase short-term volatility.

Bitcoin fell below $80,000, trading around $77,182 after touching a six-week low of about $76,368. Ethereum also dropped to around $2,200. The sell-off followed news of a Binance hot-wallet hack, which the article says was estimated to affect about $6.3 billion, and reportedly coincided with roughly $1.57 billion in liquidations. Trade Nation analyst David Morrison said Bitcoin’s next key support is $75,000; a break below it could put summer lows back in view. Traders are watching whether Bitcoin can hold near that level, Ethereum’s downside, and updates on Binance’s reimbursement and withdrawal services. The episode has weakened crypto market sentiment and increased near-term volatility risk.

Binance co-CEO Richard Teng says withdrawals could resume within about 40 hours, after the exchange completes security checks following a hot-wallet breach. The attacker used EIP-7702 to obtain on-chain execution authority that bypassed normal approval controls, then used a self-destruct mechanism to destroy tools and traces. Binance says the incident involved company funds, not customer assets, most of which are held in cold wallets. The exchange has earmarked more than $6.34 billion to cover the loss; about $5 billion in matching tokens is already available, with the remainder being replenished through markets and OTC deals. Binance is also reviewing its security systems and coordinating with law enforcement and industry partners to trace and recover funds. It aims to publish an initial Proof of Reserves (PoR) verification on Monday. Traders will watch the withdrawal reopening and PoR release for signs of restored confidence.

Chinese criminal lawyer Shao Shiwei warns that promoting or selling VCC virtual credit cards, also known as U-cards, to users in mainland China may expose agents to regulatory and criminal risks. The article says overseas issuers’ licences do not make domestic marketing lawful, citing Chinese notices that classify virtual-currency-related business as illegal financial activity and prohibit related marketing and promotion services. Agents may face complaints when users’ funds are frozen or withheld, even if the agents do not handle crypto exchanges or control customer assets. Authorities could investigate alleged illegal business operations, while liability in cases involving money laundering, handling criminal proceeds or illegal use of information networks would depend on agents’ knowledge and conduct. The lawyer advises against marketing or selling U-cards to mainland Chinese users.

A reported $6 billion Binance hack unsettled crypto markets, weighing on major tokens. Ethereum (ETH) fell 7% over the week, with $2,000 identified as a possible support level after it failed to hold resistance near $2,400. XRP lost 6% as $1.30 turned into resistance; the analysis points to $1.17 as its next support. Cardano (ADA) dropped 10% and fell below $0.20, with support near $0.17 and $0.15. Binance Coin (BNB) also declined 7% and was testing support at $690; a break lower could expose $580, while confidence in Binance remains a key factor for BNB traders. Hyperliquid’s HYPE moved higher after news that it would provide infrastructure for futures markets tied to Intercontinental Exchange (ICE), spanning crypto and other assets. HYPE rebounded to $97 but faced resistance below $100. Overall, the analysis describes a bearish near-term outlook for the four tokens affected by market turbulence, while HYPE’s momentum depends on whether it can establish $100 as support.

Binance says it has reserved more than $6.34 billion in company funds to compensate users affected by a major theft. About $5 billion is already held in the affected assets, with the remainder being purchased through market and over-the-counter trades. Withdrawals remain suspended, while deposits are open; roughly $3 billion in frozen assets is being pursued separately. The Binance compensation process and ongoing root-cause investigation remain key sources of uncertainty for crypto traders. The market was under pressure at the report time: BTC was down 3.39% and BNB 5.69%. US spot Bitcoin ETFs recorded about $441 million in net inflows over four trading days, but inflows slowed to $17.07 million on 29 October. Ether ETFs saw about $276 million in net outflows over the same period. LSK led the day’s gainers, but its token buyback is ongoing and the Lisk Chain is scheduled to close on 31 October. Traders still holding LSK on that chain face a narrow migration window. Elsewhere, TRX open interest rose 59.09% over 24 hours, while XMR open interest increased 42.22% as its price fell 2.03%. Hyperliquid weekly revenue rose 6.3%, and Aave proposed temporary interest-rate changes to ease pressure on borrowers in frozen reserves.

The Binance hack reportedly drained about $2.5 billion from the exchange’s Binance 14 Ethereum hot wallet using Ethereum’s EIP-7702 authorization feature. The attacker prepared 50 authorization requests, and analysts say one was accepted, allowing a malicious contract to transfer funds without separate approval for each transaction. The incident was part of a broader breach estimated to have affected about $6.3 billion in assets across multiple networks. Binance’s preliminary investigation pointed to a potentially compromised DevOps engineer’s laptop and access to an internal service container. The exchange said it had found no evidence that wallet private keys were leaked. Binance temporarily restricted withdrawals and said it would cover customer losses through its SAFU fund and company reserves. Tether, Circle and other partners froze more than $2.3 billion in USDT and USDC; Binance reported about $3 billion in affected assets frozen overall. Arbitrum also moved linked assets to a restricted wallet. The Binance hack does not establish a flaw in EIP-7702 itself, but it highlights risks from delegated wallet permissions and weak internal access controls. Traders should monitor asset flows, recovery updates and withdrawal conditions. The freezes may hinder cash-outs, while further security disclosures could affect confidence in exchanges and wallet authorization tools.

Intel credit default swaps (CDS) reached a record 123.5 basis points on October 30, marking the contract’s largest one-day increase since October 2022. The move followed Alphabet’s weaker-than-expected third-quarter results and renewed concern that AI-related capital spending across the tech sector may be difficult to sustain. Credit risk repricing extended beyond Intel. Broadcom’s CDS rose about 10 basis points to a record 175.4, SpaceX’s jumped roughly 20 points to a record 266.5, and Alphabet’s increased about 5.1 points to around 84. Intel’s spread had been trading between 90 and 104 basis points before the latest surge. Trading in CDS linked to major hyperscalers and chipmakers has increased more than eightfold this year, reaching $176 billion. The wider move suggests credit traders are reassessing risk across the AI supply chain, even as equity-market reactions remain mixed. Intel CDS and broader tech credit spreads are therefore indicators to watch for signs of mounting concern about AI spending and corporate risk.

Anthropic’s IPO filing puts the AI company’s risks, losses and valuation ambitions under scrutiny as it considers a Nasdaq listing under the ticker ANT. The filing outlines nearly 70,000 words of risk factors, including model safety and operational concerns, while a Reuters Breakingviews analysis warns that AI could reproduce proprietary software and disrupt licensing and subscription businesses. It argues the filing gives less attention to AI’s potential effects on the public. Anthropic reported $16.3 billion in first-half 2026 revenue and an $80.7 billion net loss. The company says much of the loss reflects the accounting treatment of convertible notes, rather than cash outflows, and it has disclosed infrastructure commitments exceeding $500 billion. Its reported valuation ambitions of $1.5 trillion to $2 trillion contrast with a prediction market cited in the later summary, which assigned a 4% chance of Anthropic reaching $600 billion by year-end. New funding, partnerships or further investment from Amazon and Google could change the IPO outlook. For crypto traders, the Anthropic IPO has no stated direct effect on cryptocurrency prices. However, its losses, infrastructure spending and software-cloning risks could shape sentiment towards AI and technology stocks, with possible indirect effects on broader risk appetite.

AI agents are emerging as a new class of economic participants, increasing demand for blockchain-based payments, identity verification, digital ownership and markets that operate around the clock. Pantera Capital highlighted this shift at its annual summit, where founders from World, Alchemy, Ondo Finance and other companies discussed the convergence of AI and blockchain. A key announcement was Fission’s $10 million Series A, led by Pantera. The platform lets eligible investors sell certain tokenized funds and settle in USDC in about 90 seconds, addressing redemption waits that can reach roughly 200 days. Its permissioned model maintains investor eligibility and transfer restrictions. Institutional adoption also advanced. ICE agreed to operate trade[XYZ]’s regulated markets and take a strategic stake, bringing a route for Hyperliquid perpetual futures into the US. DTCC launched a tokenization service on the Canton Network and a private Besu chain, initially covering 34 eligible securities worth about $30 trillion, with 20 firms signed on. The article also reports a major security shock: an October 29 attack allegedly moved about $6.36 billion from Binance wallets across ten blockchains. Binance said roughly $3 billion had been frozen and pledged to cover user losses. Bitcoin fell below $77,000 and BNB dropped about 7% following the news. Separately, US spot bitcoin ETFs recorded $635 million in outflows on October 22, pushing October flows into negative territory. For traders, the story combines near-term security and fund-flow risks with longer-term growth in tokenized assets, regulated crypto markets and blockchain infrastructure for AI agents.

Bitcoin fell just over 2% in the 24 hours after Binance suffered an estimated $6.3 billion attack on 29 October, according to a 21Shares report. That decline was far smaller than Bitcoin’s roughly 26% drop after the FTX collapse in November 2022. The report said the incident involved a security breach at Binance, not an attack on the Bitcoin network. Binance has pledged to cover all losses. About $3 billion in stolen assets has reportedly been frozen. Its 15,000-BTC SAFU reserve, worth approximately $1.18 billion at a Bitcoin price of $78,509, could cover about 36% of the remaining unfrozen losses, with company funds covering the rest. Chainalysis said it was highly confident North Korea was behind the attack, though Binance and government agencies have not formally confirmed the attribution. 21Shares also said its physically backed ETPs and ETFs were unaffected because their assets are held in cold storage by third-party custodians, not on exchanges; all its products continued trading normally.

Polymarket odds around ETH’s $2,400 October threshold tell different stories because the summaries describe contracts with opposite settlement rules. An earlier report put the chance of ETH dipping to $2,400 or below at 84%, up 34 percentage points over 24 hours. A later report said the probability of ETH reaching $2,400 or above during the rest of October was 3%, down 42% over 24 hours, according to PPP data. The first contract uses the low of any one-minute Binance ETH/USDT candle; the second uses the high. Prices on other exchanges and trading pairs do not count. These ETH $2,400 prediction-market odds reflect positioning on separate outcomes, not confirmation of ETH’s spot-price direction.

Analysts at StoneX and TD Cowen say Strategy’s steadier preferred-stock financing and improved liquidity could create room for renewed Bitcoin purchases and growth in Bitcoin holdings per share. Both firms maintain buy ratings, with price targets of $435 and $260, respectively. At the end of the third quarter, Strategy held $5.07 billion in dollar assets, including $4.83 billion in cash—enough to cover an estimated 3.2 to 3.4 years of preferred dividends and debt interest. The company also spent about $2 billion buying back STRC preferred shares, helping the price recover toward its $100 par value. But because funds went to cash reserves and preferred-stock support rather than Bitcoin purchases, Bitcoin held per share fell 3.7% this year. Shareholders approved daily dividend accrual for STRC from November 1 and for STRF, STRK and STRD from January 1. Management says the change aims to reduce volatility, improve liquidity and broaden demand. Better funding access could eventually help Strategy buy more Bitcoin, but no resumed purchases were confirmed.

Standard Chartered-backed Anchorpoint Financial has partnered with the Solana Foundation to bring its regulated Hong Kong dollar stablecoin, HKDAP, to Solana. The planned integration will support native HKDAP minting and redemption on the network, with potential uses including retail payments, tokenized-asset trading and other transactions requiring fast settlement. No launch date has been announced. The partnership comes as Anchorpoint prepares to expand HKDAP beyond its institutional rollout and make it available to retail users. Access currently runs through approved distributors and verified wallets. Anchorpoint also plans to work with Solana wallets, applications and corporate partners to broaden access to HKDAP. The Solana Foundation will join Anchorpoint’s Tokenised Money Adoption Programme as a strategic partner. Anchorpoint, a joint venture between Standard Chartered Bank (Hong Kong), HKT and Animoca Brands, received a Hong Kong stablecoin issuer license in April 2026. The agreement is a step towards wider use of regulated Hong Kong dollar stablecoins on public blockchains, but its market impact will depend on launch timing, adoption and transaction volumes.

Aave has reopened all V3 and V4 markets after a precautionary freeze linked to the Binance hot-wallet hack. Deposits and borrowing are available again, while withdrawals and repayments had remained open during the freeze. Aave said its contracts were unaffected and positions remain overcollateralised. However, USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG and OP will temporarily remain at a loan-to-value (LTV) ratio of zero. These assets cannot be used as collateral for new borrowing, limiting some stablecoin-backed and leveraged strategies. Binance confirmed the hot-wallet incident and said it would cover losses with company funds and its SAFU fund. The move restores access to Aave markets but keeps tighter collateral controls in place as the incident is assessed.