Binance Hack Report Puts Outflows at $5.57B; Withdrawals on Hold
Binance says withdrawals will resume after security checks and user funds remain safe, as Crypto Briefing reports $5.57 billion in wallet outflows.
A gas war refers to situations on blockchain networks where users compete to have their transactions processed faster by offering higher transaction fees. This typically occurs during high-demand events such as token launches, NFT mints, or airdrops. Since many blockchains prioritize transactions with higher fees, users increase their gas prices to gain priority in the queue. As a result, fees can rise significantly within a short period, making participation expensive and unpredictable. Gas wars can lead to network congestion and failed transactions, especially for users who set lower fees. They highlight scalability challenges in blockchain systems and the impact of demand on transaction costs.
Binance says withdrawals will resume after security checks and user funds remain safe, as Crypto Briefing reports $5.57 billion in wallet outflows.
An unverified breakdown alleges $5.613 billion stolen. Tether and Circle report over $2.3 billion frozen; Binance says user funds are safe.
Michael Selig imagines appliances spending crypto earnings and raises “Know Your Agent” questions about identity, liability and autonomous trading.
Diva Staking has canceled its Ethereum mainnet launch after funding ran out. Early depositors are being directed to withdraw through Enzyme.
RLUSD goes live on Coinbase’s retail and institutional platforms across XRPL, Base and Ethereum, while Global Exchange collateral support remains planned.
Google’s MPC service is being tested by financial institutions and Alphabet, with commercial availability planned for early 2027.
Hong Kong opens 24/7 secondary trading in two ChinaAMC tokenized money-market funds on PantherTrade, with retail access and Ethereum-based infrastructure.
Vitalik Buterin backs Moonshot’s limits on Kimi K3.1 Pro’s hacking skills, arguing that targeted controls can buy time without restricting who uses AI.
Coinbase highlights BTC, ETH and SOL prediction markets with 15-minute to daily windows. U.S. eligibility and Kalshi settlement rules shape access.
Bitcoin and Solana recovered $80,000 and $100 after Saturday’s selloff, while Ether and XRP stayed below key levels in the latest Coinbase price check.