Week in review: $6.3B Binance hack, Fed holds rates, bitcoin falls below $77,000
The FBI linked the $6.3 billion Binance hack to North Korean hackers; the Fed held rates at 3.75%–4%; bitcoin fell below $77,000, and more from the week.
Chainalysis Reports Cybersecurity Breach
Chainalysis reported a cybersecurity incident where an attacker gained unauthorized access to its systems and internal tools using methods described as “offensive agent techniques.”
Nvidia CEO Allegedly Targeted by Chinese Intelligence Operation
U.S. intelligence agencies suspect Alice Huang, a former executive at Singapore’s Megaspeed, of passing information to Chinese intelligence. According to The New York Times, she maintained close contacts with Nvidia CEO Jensen Huang, whom U.S. authorities considered a potential target of the operation.
Utah Authorities File Criminal Charges Against Kalshi and Its Founders
The Attorney General of Utah has filed 14 charges against the prediction market platform Kalshi and its co-founders, Tarek Mansour and Luana Lopes Lara, for promoting illegal gambling. Thirteen of these charges are classified as felonies.
Study: Nearly 90% of Major Companies Interested in Tokenized Money
According to a study by Singapore’s DBS Bank, 88% of major companies are already using or testing tokenized money for payments and liquidity management.
Opera Introduces Local AI Functionality in Browser
On October 27, Opera launched early access to WebAI, a technology enabling websites and extensions to use AI directly on the user’s computer without cloud requests.
Anthropic Founders to Retain Control After IPO
Anthropic plans to maintain control over key corporate decisions following its IPO: seven co-founders will hold 50.1% of shareholder votes through a separate structure, and a special trust will have the power to determine the majority of the board of directors.
Week in review: Bitcoin dipped toward $80,000 as the U.S. approved stablecoin rules
Bitcoin tested $80,000 support, the OCC published stablecoin issuer rules, OpenAI helped find critical PHP flaws, and more from the week.
Bitmain, Canaan, and F2Pool Back Tether’s Mining Automation Tools
Fifteen companies and projects have endorsed the development of the Mining Development Kit (MDK), an open toolkit by Tether for managing Bitcoin mining. Participants have committed to creating and supporting integrations for their equipment and services.
Bitcoin Core Updates Vulnerability Disclosure Policy Due to AI
Bitcoin Core developers will expedite the release of patches and the disclosure of vulnerabilities that can be easily detected, including through simple AI queries. The policy change was adopted on October 22.