Crypto News

Binance experienced a major $6.3 billion hack that has dominated crypto headlines today, with the exchange covering 90% of losses and assuring users that key cryptocurrencies including Bitcoin, ETH, XRP and others are fully backed. The hack has triggered significant market movements, including $643 million in Bitcoin ETF outflows that ended a four-day inflow streak, while also prompting regulatory scrutiny from the CFTC and US lawmakers on how such incidents should be addressed. Beyond the security breach, the crypto market is showing mixed price action across major assets, with XRP displaying potentially bullish technical patterns, while other developments include a cyberattack on blockchain analysis firm Chainalysis and Bitcoin marking 18 years since its inception.