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BitMine Studies 6.06M ETH Holdings, With Extra Than 5.22M Staked
TL;DR: BitMine Immersion Technologies reported holdings of 6,060,506 ETH as of November 1 in a November 2 filing exhibit. Cryptocurrency balance sheets are sensitive to valuation dates. The filing’s detailed token count is valuable precisely because it can be compared with later disclosures. It also exposes a blind spot in quick “ETH treasury” comparisons: two…
Technique Provides 811 Bitcoin and Repurchases $208.2M of STRC Shares
TL;DR: Strategy announced on November 2 that it had acquired another 811 Bitcoin for roughly $65.5 million and repurchased approximately $208.2 million of its STRC preferred shares. The dollar amounts are those disclosed by Strategy for the specified transactions. The timing is notable because the company had separately disclosed large Bitcoin holdings at the end…
Tether Says It Froze Extra Than $1.5B Linked to the Binance Theft
TL;DR: Tether said on November 2 that it froze more than $1.5 billion in USDT linked to the late-October Binance attack, working with investigators and industry partners. Tether’s announcement gives the company’s account of its involvement; it does not independently establish the ultimate ownership or recoverability of every frozen token. It is tempting to present…
FBI Attributes Binance Heist to TraderTraitor and Urges Crypto Infrastructure Vigilance
TL;DR: The FBI said on October 31 that North Korean actors associated with the TraderTraitor operation were responsible for the theft of more than $6 billion from Binance. Attribution remains the FBI’s stated finding, and the full investigative record is not public. This is a reminder that incident response extends well beyond technical containment. Security…
Binance Publishes New Proof-of-Reserves Snapshot Following October Assault
TL;DR: Binance said on November 2 that it had completed a zero-knowledge proof-of-reserves procedure for a snapshot taken October 31, following the exchange’s late-October security incident. Proof of reserves should not be described as a full financial audit, a guarantee against losses or evidence that all stolen assets have been returned. In the aftermath of…