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    Bitcoin near $78,600, Ethereum at $2,300 as US midterm results put crypto regulation in focus

    Bitcoin traded near $78,000 as institutional outflows and macroeconomic uncertainty kept sentiment cautious across the cryptocurrency market. Investors tracked US midterm election results, potential changes in crypto regulation, Federal Reserve rate expectations, and ETF flows for cues on the market's next move.

    Binance hack raises crypto security fears: Why are Strategy and Bitmine still buying Bitcoin (BTC USD) and Ethereum (ETH USD)? What did Michael Saylor and Tom Lee say

    Strategy purchased 811 BTC USD worth more than $65 million, its largest acquisition since late September, while Bitmine added $19 million in ETH USD. The buying came as the crypto industry faced renewed security concerns following the massive Binance hack, with Bitmine chairman Tom Lee arguing that the market’s relatively muted reaction was “very constructive.”

    Bitcoin holds steady near $78,000 as investors assess Binance security breach. Here is what experts say

    Bitcoin traded near $78,000 as investors assessed the reported $6.3 billion Binance security breach. Crypto markets showed a modest recovery, while ETF outflows, liquidations, macroeconomic uncertainty and upcoming US events kept investor sentiment cautious.

    Crypto exchanges call for quick moves to bolster defenses after Binance heist

    Crypto exchanges are strengthening defenses and promoting information-sharing after Binance's major $6.3 billion hack. Coinbase adjusted its systems for storing cryptocurrency keys while Kraken monitored incidents to enhance security. Analysts noted that the attack, linked to North Korea, revealed vulnerabilities within the crypto industry. Companies are planning more employee training to combat social engineering tactics used in such hacks.

    Could Binance’s $6.3 billion hack trigger a crisis across crypto’s billionaire network as CZ turns to Elon Musk for support?

    Binance's significant security breach has led to a public dispute between Changpeng Zhao and Elon Musk. Zhao is seeking Musk's support while trying to reassure Binance customers that their funds remain secure. The incident highlights Binance's investments in Musk's businesses, specifically with SpaceX. Binance aims to recover affected assets and restore normal operations following this crisis. Meanwhile, the situation has attracted the attention of cybersecurity investigators and cryptocurrency traders.

    Bitcoin price today crashes to 5-week low: Why is BTC USD near $77,000 amid crypto exchange Binance hack reports

    Bitcoin price today: BTC USD fell to a five-week low of $76,301 on Friday as $1.49 billion in leveraged crypto positions were liquidated. With long traders bearing most of the losses, BTC faces pressure below key technical levels even as US spot Bitcoin ETFs recorded net inflows. A reported Binance security breach added to market concerns.

    The Economic Times
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