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The Marked Chart Wire · Crypto
Circle
Circle has frozen $800 million worth of USDC stablecoins connected to a security incident at Binance. The company's shares declined following the announcement.
Part of a series: Circle reports strong revenue before freezing billions in USDC
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HotBinance Hack
On-chain data indicates a suspected $5.57 billion drain from Binance across three blockchains. Tether and Circle have frozen $1.8 billion in response to the incident.
Circle
The stablecoin issuer has immobilized $823 million in USDC tokens that were identified as illicitly obtained on the blockchain.
Crypto Stocks
Shares of Coinbase, Circle, and Robinhood have fallen between 40 and 56 percent. Bitcoin continues to trade below $80,000 while the S&P 500 remains stable.
Strategy
Michael Saylor claims the firm has access to thirty billion dollars in credit lines to fund additional cryptocurrency acquisitions without issuing new shares.
HotBinance Hack
TRM Labs attributes the $6.3 billion Binance breach to North Korea's TraderTraitor. ZachXBT traced money from the Binance and Bitget incidents to a single wallet.
HotBinance Hack
Blockchain data shows a hacker split 18,270 bitcoin, valued at $1.4 billion, into 19 wallets. Seventeen of these hold exactly 1,000 coins each, and none have moved since Thursday night.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.