AGP Executive Report
Last update: 4 hours agoBinance Breach: The FBI blamed North Korean-linked TraderTraitor hackers for the record $6.3 billion theft, which Binance says began with fake job interviews, malicious software and misuse of an internal AI tool. The exchange says it has replaced about 95% of the stolen assets and resumed withdrawals, but the breach triggered billions in customer outflows and renewed calls for stronger safeguards. Bitcoin Slide: Bitcoin hovered near $77,000 as midterm uncertainty and the hack weighed on sentiment; investors also pulled $1.3 billion from U.S. spot Bitcoin and Ethereum ETFs over two sessions. Election Stakes: A possible Democratic win could reshape crypto oversight in Congress, while the industry’s heavy election spending faces a test at the polls. Trading Rules: U.S. regulators opened a path for perpetual futures tied to individual stocks, but a Cboe- and Citadel-backed group sued to block the move, raising fresh questions about the boundary between crypto-style products and traditional markets. Altcoin Moves: Pepe and Hyperliquid gained this week despite Bitcoin’s decline, while Zcash and NEAR fell; NEAR holders approved a gradual cut to token inflation.
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