🔴 Bitcoin ETFs See $1.3 Billion Weekly Outflow, Largest Since June
US spot Bitcoin ETFs recorded a massive $1.28 billion in net outflows last week, marking the heaviest weekly withdrawals since late June. This shift brings the total net outflows for the year to approximately $919 million.
BlackRock’s IBIT, the world’s largest Bitcoin fund, led the exodus with $1.21 billion in net outflows. This extended IBIT’s losing streak to six consecutive trading sessions, accounting for nearly 95% of the total market withdrawals.
The sell-off comes as Bitcoin price dropped below $76,000, currently trading around $74,049. Analysts attribute the bearish sentiment to a $6.3 billion hack on Binance, uncertainty following US midterm elections, and a broader downturn in technology stocks.
#Bitcoin #ETF #BlackRock #CryptoNews
US spot Bitcoin ETFs recorded a massive $1.28 billion in net outflows last week, marking the heaviest weekly withdrawals since late June. This shift brings the total net outflows for the year to approximately $919 million.
BlackRock’s IBIT, the world’s largest Bitcoin fund, led the exodus with $1.21 billion in net outflows. This extended IBIT’s losing streak to six consecutive trading sessions, accounting for nearly 95% of the total market withdrawals.
The sell-off comes as Bitcoin price dropped below $76,000, currently trading around $74,049. Analysts attribute the bearish sentiment to a $6.3 billion hack on Binance, uncertainty following US midterm elections, and a broader downturn in technology stocks.
#Bitcoin #ETF #BlackRock #CryptoNews
🚨 North Korean Hackers Use Memecoins to Launder Binance Stolen Funds
Blockchain analytics firm Elliptic reports that North Korean hackers created six new memecoins on the NEAR blockchain to launder money from the $6.4 billion Binance hack.
Between Nov 5 and 7, the group moved approximately $430,000 through liquidity pools on decentralized exchanges. By swapping stolen NEAR for these fake tokens and then selling them back, they avoided direct wallet-to-wallet transfers to obscure the onchain trail.
The tokens attracted almost no legitimate trading and were abandoned immediately after the swaps. Elliptic noted this technique was previously used to move $24 million following the Bybit hack in 2025, using the TRON network.
Currently, about 11.8 million NEAR (worth $43.7 million) from the Binance exploit remains unmoved in hacker-controlled wallets.
#Binance #NEAR #CryptoHack #Laundering
Blockchain analytics firm Elliptic reports that North Korean hackers created six new memecoins on the NEAR blockchain to launder money from the $6.4 billion Binance hack.
Between Nov 5 and 7, the group moved approximately $430,000 through liquidity pools on decentralized exchanges. By swapping stolen NEAR for these fake tokens and then selling them back, they avoided direct wallet-to-wallet transfers to obscure the onchain trail.
The tokens attracted almost no legitimate trading and were abandoned immediately after the swaps. Elliptic noted this technique was previously used to move $24 million following the Bybit hack in 2025, using the TRON network.
Currently, about 11.8 million NEAR (worth $43.7 million) from the Binance exploit remains unmoved in hacker-controlled wallets.
#Binance #NEAR #CryptoHack #Laundering
⚡ NYSE Parent Selects Avalanche for Tokenized Stock Trading
The New York Stock Exchange (NYSE) parent company, ICE, has selected the Avalanche blockchain to power the clearing and settlement ledger for its upcoming tokenized-securities platform. The Ava Labs announcement confirms Avalanche will provide the core technology for the clearing firm.
The new Alternative Trading System (ATS) aims to offer 24/7 trading, clearing, and immediate settlement. It will combine NYSE’s Pillar matching engine with blockchain-based post-trade systems, supporting features like stablecoin funding and dollar-sized orders.
#Avalanche #AVAX #NYSE #Tokenization
The New York Stock Exchange (NYSE) parent company, ICE, has selected the Avalanche blockchain to power the clearing and settlement ledger for its upcoming tokenized-securities platform. The Ava Labs announcement confirms Avalanche will provide the core technology for the clearing firm.
The new Alternative Trading System (ATS) aims to offer 24/7 trading, clearing, and immediate settlement. It will combine NYSE’s Pillar matching engine with blockchain-based post-trade systems, supporting features like stablecoin funding and dollar-sized orders.
#Avalanche #AVAX #NYSE #Tokenization