Crypto news. Royal judgement.
Binance investigates a major security incident while payment networks make new connections and exchanges plan longer hours. Six morning stories cover what is known, what has launched and what still needs permission. Bumpy has brought a torch; his qualifications remain largely decorative.
A frozen asset is not yet a returned asset. A working payment should require fewer instructions than my crown. That has one instruction, which I ignore.
Binance is investigating a security incident disclosed on 29 October. AP’s updated report says the exchange estimates about $6.3 billion was affected and about $3 billion frozen on-chain. These are preliminary company figures, not a final loss assessment. Binance says deposits and withdrawals are suspended and user funds remain safe.
Polygon announced Solana support for its Open Money Stack on 29 October. The integration connects bank funding, wallets, stablecoin movement and payouts for businesses building on Solana. Polygon describes the components as available now, rather than merely a proposed partnership.
ICE and Trade[XYZ] announced an agreement on 29 October to develop a US-regulated market and clearing structure built on Hyperliquid. ICE is making a strategic investment and would operate the regulated markets. The planned launch remains subject to regulatory approvals.
Chainlink launched its 24/7 market-data service on 29 October, extending coverage for traditional assets into weekends and holidays. It says Aave is using the feeds for tokenised collateral in Horizon, beginning with high-volume US equities.
The FCA said on 29 October it had secured High Court undertakings concerning HTX’s crypto promotions and reached a settlement with Huobi Global. The regulator says UK consumers can no longer deposit and new UK users cannot register. The settlement is not an admission of liability or wrongdoing.
Kraken announced on 29 October that Global Dollar (USDG) deposits and withdrawals are available on Arbitrum One. USDG trading was already supported; this update adds a funding network, rather than launching a new token or a new trading market.
Ask BumpyThe toad is listening ↗
