Binance recovery, US crypto bill talks, Bitcoin ETF exits | Weekly recap
Photo: crypto.news
In this week’s edition of the weekly recap, Binance explained how attackers stole $6.34 billion, Democrats discussed a different approach to U.S. crypto regulation, and Bitcoin funds returned to outflows. The Nov. 1–7 news cycle also brought progress on retirement-plan rules, a proposed tZERO listing and blockchain upgrades. Binance traced its breach to compromised employee devices and said customer losses would be covered. Democrats discussed expanding SEC oversight and reviving investor protections in a crypto market structure proposal. U.S. spot Bitcoin ETFs recorded $430.2 million in net withdrawals during the Nov. 5 session.
Source: crypto.news
