Record Breaking Binance Hack Hits Markets, Kalshi Hits New Valuation, And More – Weekly Recap

This week’s stories spanned exchange security, prediction markets, bitcoin treasury risk, earnings and tokenization. Binance investigated a potential multibillion-dollar hack, while Kalshi raised another $1 billion at a $40 billion valuation. Datavault AI said it could not access 817.6 BTC, Coinbase returned to profit with $719 million in Q3 net income, and DTCC launched a tokenization service tied to a custody network overseeing more than $114 trillion in securities. Binance Founder Suggests Likely Hack as Billions in Crypto Leaves Exchange Wallets Billions of dollars’ worth of cryptocurrency was pulled from the wallets of leading exchange Binance on Thursday, according to…

Source: Bitcoin.com News