North Korea reportedly rewards top hackers with Pyongyang apartments after alleged Binance heist
The incident underscores the growing sophistication of state-sponsored cybercrime, challenging global cybersecurity and trust in digital fin...
Morning market briefing
Security spillover, ETF outflows and mining pivots set the early tone, with Bitcoin coverage split between institutional demand and protocol-level defence.
The incident underscores the growing sophistication of state-sponsored cybercrime, challenging global cybersecurity and trust in digital fin...
Executive scan
The morning desk opens with security and custody back in focus after reports that North Korea rewarded hackers tied to an alleged Binance heist. Exchanges are responding in public: Coinbase says more than 99% of customer assets are offline, while Gate reports an 88.26% cold-storage ratio. That keeps counterparty controls near the top of the risk checklist.
Flows and business-model rotation matter too. BlackRock’s Bitcoin ETF saw $104.97 million pulled by clients, while Grayscale highlighted JPMorgan Asset Management’s 10% projected compound annual Bitcoin return in long-term assumptions. In mining, IREN’s Bitcoin mining revenue fell 58% as the firm pushes further into AI infrastructure, with AI cloud revenue reported at $200 million. Elsewhere, Kalshi’s single-stock perps drew more than $300 million in early trading, adding another market-structure thread for US derivatives watchers.
Market read
Watch next
Main signals
IREN aims to substantially complete its mining transition by December, while its $4 billion AI revenue run-rate target moves into...
The significant outflow from BlackRock's Bitcoin ETF highlights shifting investor sentiment and potential volatility in cryptocurr...
Investor withdrawals from BlackRock's Bitcoin ETF may signal waning confidence in Bitcoin's short-term price stability and market...
Coinbase says it keeps more than 99% of customer assets offline, while Gate reports 88.26% of its total assets are kept in cold st...
Grayscale highlighted a 10% projected compound annual bitcoin return in JPMorgan Asset Management’s long-term assumptions, exceedi...
Kalshi's launch of single-stock perps could reshape US equity derivatives, challenging traditional brokers and increasing regulato...
IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200...
Ripple CEO Brad Garlinghouse cited 67 million American crypto users as he highlighted bipartisan election victories. His comments...
Market watch
Watch ETF flow follow-through, mining-to-AI rotation and Kalshi’s early perp volumes for market-structure signals.
Policy and risk
Security controls, state-linked hacking reports and new equity-linked perps keep regulatory and counterparty risk in view.
Source trail