Spot bitcoin ETFs lose $643 million in first full session after Binance hack

Coinbase said it had changed the systems it uses to hold crypto keys offline, describing the move as purely precautionary after the theft at Binance. Kraken said it was studying the incident for lessons for its own defenses, and OKX chief executive Star Xu called for a real-time alert system so exchanges can share attack data and freeze suspected stolen funds quickly. Source: Reuters via The Business Standard

Coinbase carried out a one-time conversion on Oct. 30 of 14 stablecoins that lack MiCA authorization, among them USDT, PYUSD, USD1 and DAI, swapping remaining EEA retail balances into USDC or another supported asset at market rates. Tokens sent to Coinbase after the cutoff will not be credited; the exchange noted that MiCA's transition period for issuers ended July 1 without extension. Source: Unchained