ShoutboxRecent
Total Members: 372Latest: LanceWranoTotal Posts: 18804Total Topics: 18685Online today: 203Online ever: 4405Users: 0Guests: 238Total: 238
Recent Posts
Crypto super PACs spent more than $176 million on the midterms, but the Democratic sweep raises the prospect of tougher industry scrutiny.
Grayscale says the fallout from Binance’s reported $6.3 billion hack may wobble confidence in crypto markets in the short term, but could ultimately push the industry toward more rigorous security standards—especially around how assets are safeguarded by larger investors.
In a report published Tuesday, Grayscale head of research Zach Pandl argued that the incident highlights why institutional custody solutions—commonly used through US spot crypto exchange-traded products—matter for risk management during major exchange disruptions.
Grayscale’s Pandl framed the hack less as an isolated failure and more as an illustration of how custody design can affect outcomes for different market participants. In the report, he pointed to institutional custody models—such as those used by US-based crypto exchange-traded products—as a key buffer during periods of heightened operational risk.
Grayscale described these vehicles as holding assets at state-chartered banks and through qualified custodians. It also emphasized that such setups typically incorporate offline storage, multi-signature wallet structures, SOC attestations, and insurance policies, all of which are intended to reduce the chance that a single compromise can quickly translate into permanent losses.
Binance disclosed a record $6.3 billion hack on Thursday and said it would cover all customer losses.
In parallel, the FBI attributed the attack to North Korea. Kim Yo Jong, sister of North Korean leader Kim Jong Un, rejected the allegations, calling them “absurd rhetoric.”
Following the announcement, the incident was reported to be followed by a market sell-off. Reportedly, Bitcoin fell below $77,000, while BNB dropped more than 8% over a 24-hour period into early Friday.
By Wednesday, the broader market had partially recovered: total crypto market capitalization reportedly rebounded 2% over 24 hours to about $2.63 trillion after touching a weekly low near $2.55 trillion. Even with the rebound, the market remained about $100 billion below its Oct. 28 level.
This sequence—sharp initial risk reduction followed by a measured rebound—fits the pattern of how large cyber events can trigger short-term liquidity and sentiment pressure while investors look for stabilization signals.
Grayscale’s custody-focused argument also intersected with ongoing developments in regulated crypto exposure. Bitwise’s head of research, André Dragosch, told Cointelegraph that recent outflows from US spot Bitcoin exchange-traded funds were “related to a short-term risk-off environment rather than a structural change in institutional sentiment.”
That distinction matters for investors who track ETF flows as a proxy for broader demand. If outflows are driven by temporary market stress, risk management may dominate decision-making; if they reflect a structural shift, longer-term positioning could change more persistently. Dragosch’s comment points to the former—at least in the immediate aftermath of the broader uncertainty triggered by the Binance hack and market volatility.
As the investigation and remediation efforts around Binance continue, investors should watch whether the episode leads to concrete changes in custody and exchange security practices—particularly those that can be operationalized quickly across platforms. Equally important will be monitoring follow-through in ETF flow data and broader market capitalization to determine whether the current “risk-off” tone fades or evolves into something more durable.
This article was originally published as Grayscale’s Pandl: Binance Hack Could Be a Temporary Market Setback on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.
[PRESS RELEASE – Charlestown, Saint Kitts and Nevis, November 3rd, 2026]
Trade 28+ crypto pairs plus forex, indices, metals and commodities on a funded account with payouts in USDT every 14 days, and compete against other traders at the Tokyo, London and New York opens. Code LAUNCH takes 25% off any challenge through November.
Coinhub Funded, the crypto-native prop firm from the Coinhub brand, went live today with funded trading accounts of up to $200,000 and Coinhub Funded Tournaments, 30-minute trading contests on $100,000 simulated accounts where traders test their skill against the field for prizes paid in USDT. Both are live now at coinhubfunded.com , and the code LAUNCH takes 25% off any challenge or Instant Funding account through November 30, 2026
Coinhub Funded launches November 2, 2026 with funded trading accounts up to $200K and daily trading tournaments.
A crypto-first prop firm
Traders qualify through a 2-Step or 1-Step evaluation with no time limit, or start on a funded account the same day with Instant Funding. Challenges start at $75 and no identity check is required until a trader passes. Funded traders keep up to 90% of the profit and can request a payout every 14 days, sent in USDT on Ethereum, Tron or BNB Smart Chain within one to three business days; on 2-Step and 1-Step accounts the challenge fee is refunded with the third payout. As a crypto prop firm, Coinhub Funded offers 28+ crypto pairs around the clock on trading days alongside forex, indices, metals and commodities.
Nine tournaments a day, prizes in USDT
Coinhub Funded Tournaments start three times at each of the Tokyo open (00:00 UTC), the London open (8:00 a.m. London time) and the New York opening bell (9:30 a.m. Eastern), every weekday: a free tier, a $25 tier and a $100 tier. Entry fees are paid in USDT, 90% of them form the prize pool, and the pool is paid in USDT to the top finishers. First place in a free tournament wins 25 USDT, and every free entrant receives a 20% code toward a challenge. The tournaments are a separate skill contest and have no effect on any challenge or funded account; the schedule is at coinhubfunded.com/tournaments and the contest rules at https://coinhubfunded.com/tournament-rules/.
Coinhub Funded Tournaments: three 30-minute contests at each of the Tokyo, London and New York opens, with Free, $25 and $100 tiers and prizes paid in USDT.
Coinhub Funded at a glance
“Traders have used the Coinhub name to move in and out of crypto since 2019, and now they can use it to get funded,” said Quincy Mathis, Operations Manager at Coinhub Funded. “There is no clock on the evaluation and you get paid in USDT. And with the tournaments, anyone can sit down at the Tokyo, London or New York open and test their skill against other traders for a USDT prize.”
Frequently asked questions
What is Coinhub Funded? A crypto-native proprietary trading firm (Prop Firm) that gives traders a funded trading account of up to $200K after a simulated evaluation, with profit splits up to 90% and payouts in USDT. It operates under the Coinhub brand, known for its Bitcoin ATM network, online exchange and wallet.
How do the trading tournaments work? Nine 30-minute tournaments run every weekday on $100,000 simulated accounts, at the Tokyo, London and New York opens, in Free, $25 and $100 tiers; 90% of paid entry fees form the prize pool. Prizes are paid in USDT after identity verification. Tournaments are open to adults outside restricted jurisdictions, excluding residents of Arizona, Arkansas, Delaware, Iowa, Louisiana, Montana, New York, South Carolina, Tennessee and Washington.
Is there a launch offer? Yes. Code LAUNCH takes 25% off any challenge or Instant Funding account through November 30, 2026.
About Coinhub Funded
Coinhub Funded is a crypto native proprietary trading firm offering funded trading accounts of up to $200K across crypto, forex, indices, metals and commodities, with payouts in USDT, and Coinhub Funded Tournaments, 30-minute trading contests on simulated accounts with prizes paid in USDT. It is part of the Coinhub ecosystem, which has operated since 2019 and includes 2,000+ Bitcoin ATMs across 25+ US states, an online exchange and a self custody wallet, and operates under the Coinhub name and logo through an IP license agreement. Learn more at coinhubfunded.com and follow @CoinhubFunded on X.
The post Coinhub Funded Goes Live: Crypto Prop Firm Offers Funded Trading Accounts Up to $200K & 30-Minute Tournaments appeared first on CryptoPotato.
From setting up an SMSF or a company, to just leaving the country entirely, here are some strategies Australian Bitcoiners can employ to deal with 2027’s massive CGT hike.
The official Trump and World Liberty Financial tokens were the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin and Ether rallied.
Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.
|
