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Spot Ethereum ETFs seen with over $1B in trading volume on debut

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Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows.

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Binance hackers raced to move billions before it could be frozen

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Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.

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Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

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The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.

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Coinbase leads crypto stock selloff following $6.3B Binance hack

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Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.

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