Bitcoin and cryptocurrencies news of the week – L’Hebdo Crypto #352
Weekly Crypto 352: Binance hacked by $6.3 billion, the Fed leaves its rates unchanged, the New York Stock Exchange joins forces with Hyperliquid. The article Bitcoin and cryptocurrencies news of the week – L’Hebdo…
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Binance was robbed of $6.3 billion on Thursday evening, four times the previous crypto record. The day before, the Fed had left its rates unchanged, despite two votes for a further increase. And a few hours before the hack, the parent company of the New York Stock Exchange announced that it wanted to operate Hyperliquid markets in the United States.
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▶ Status quo at the Fed despite two votes for an increase – Bitcoin goes back above $81,000. Lisa Cook and Beth Hammack wanted to raise rates by a quarter point on Wednesday. Its president, Kevin Warsh, has made no commitment for December, and the markets give an 86% chance of an increase at the December 8-9 meeting.
▶ Bitcoin: the last 3 midterms marked the low point of the cycle. The US mid-term vote takes place on Tuesday. After those of 2014, 2018 and 2022, bitcoin gained an average of 53.7% in one year, but each time it reached its lowest point a few weeks after the election. This year, this low point could already date from June.
▶ $6.3 billion Binance hack: a compromised laptop and withdrawals promised within 48 hours. The siphoning began on Thursday at 9:05 p.m., and most of the funds left in around twenty minutes. Binance cites an engineer's compromised computer as a possible gateway and promises to cover all losses, first with its SAFU fund. Overnight, bitcoin fell below $77,000.
▶ Binance Hack: Trump, the CFTC and the Secret Service get in on the action. Chainalysis attributes the theft to TraderTraitor, the North Korean group already linked to the Bybit hack in 2025. CFTC President Michael Selig sees this as an argument to regulate offshore platforms, while Circle, which works with the Secret Service, froze around $823 million.
▶ Crypto: Singapore investigates Ledger devices modified without manufacturer's knowledge. Self-custody also has its pitfalls. In devices purchased in stores, the police found components capable of capturing the recovery phrase at the time of installation. Ledger assures that its chip and servers have not been compromised, and asks resellers in Southeast Asia and Hong Kong to suspend their sales.
▶ Ripple lands its federal bank: the OCC validates the Ripple National Trust Bank. The charter places the reserves of RLUSD, Ripple's , under federal supervision. It does not allow the collection of deposits or the granting of credits, and XRP is not part of any authorized activities.
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- Journal du Coin2 Nov, 14:27Bitcoin and cryptocurrencies news of the week – L’Hebdo Crypto #352 ↗Figures: 6.3 milliards
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