Crypto stocks tumble as Coinbase loses 12.5% after Binance hack
Photo: crypto.news
Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach. Coinbase fell 12.54%, while Riot, Hut 8 and Robinhood lost more than 8% each. Strategy recovered from its session low but remained down 6.23% at $132.80. Coinbase reported a 44% annual drop in transaction revenue despite returning to a quarterly profit. Binance has pledged company funds to replace stolen assets, with purchases underway across exchanges and OTC desks. Market data at around 11:25 a.m. EDT on Oct.
Also reported by Bitcoin.com News.
Source: crypto.news
