The BSCN Debrief Stellar and Solana recorded the biggest increases in tokenized fund assets over the last 90 days, adding $1.42 billion combined. Stellar now holds $757.5 million in tokenized fund value while Solana has $670 million. Other networks grew more slowly, with Arbitrum adding $193.2 million, Aptos $133.6 million, and Base $46.1 million.
Binance processed $4.649 billion in withdrawals against $1.01 billion in deposits during the first nine and a half hours after reopening on November 1, creating a net outflow of $3.64 billion. Co-founder Changpeng Zhao noted this represented 2.1% of the exchange's $171 billion in total assets, with 98% of users choosing to keep funds on the platform.
Binance covered the theft of approximately $6.3 billion from its hot wallets on October 29 using its own corporate funds, former CEO Changpeng Zhao stated. The exchange drew from its treasury and futures insurance fund without external borrowing or asset sales, and has replaced around 95% of stolen holdings. About $3 billion remains frozen on blockchain networks, while the final 5% involves less liquid tokens requiring more time to acquire.
Senator Cynthia Lummis is pointing to the recent $6.3 billion Binance theft as evidence for why her CLARITY Act should become law. She says the legislation would let crypto companies freeze questionable transactions immediately when law enforcement makes a request. The bill includes provisions for government information sharing with private firms and protects companies from lawsuits when they temporarily hold assets in good faith. It passed the House in 2025 but failed a Senate vote in September
President Donald Trump said the United States might engage diplomatically with North Korea if the country is confirmed responsible for stealing $6.3 billion from Binance in what became the largest cryptocurrency exchange hack ever recorded. The FBI has attributed the attack to TraderTraitor, a North Korean state-sponsored hacking unit. Binance has replaced around 90 percent of the stolen funds and worked with partners to freeze approximately $3 billion in affected assets.
The FBI names TraderTraitor, Trump weighs engagement, and Hong Kong opens 24/7 tokenized settlement. Here's what mattered.
Binance is investigating a suspected hack as stablecoin issuers freeze over $2.3 billion. Hyperliquid's HYPE jumps 16% on NYSE parent ICE backing a U.S. futures market. Here's what mattered.
Ripple wins federal banking approval, Coinbase lists RLUSD across all platforms, and Zcash turns 10 while crossing 100K bridged supply on Solana. Here's what mattered.
South Korea's presidential office is leaning toward a fourth tax delay, Aviva tokenizes £22B on XRPL, and the CLARITY Act stall gives Asia an opening. Here's what mattered.
HSBC brings a Hong Kong dollar stablecoin to retail through PayMe, Tron and Solana dominate blockchain fees, and Switzerland approves its first spot Bitcoin ETF. Here's the week.
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Strategy, BlackRock, and Fidelity pledge $15M to secure Bitcoin's codebase, the EU targets 14 crypto exchanges in its 21st Russia sanctions package, and Circle floods Solana with fresh stablecoin liquidity. Here's the week.
The BSCN Debrief: a daily newsletter from BSC News, recapping the most important crypto stories of the past 24 hours, plus quick briefs on the day's top articles.
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