In this week’s edition of the weekly recap, Binance explained how attackers stole $6.34 billion, Democrats discussed a different approach to U.S. crypto regulation, and Bitcoin funds returned to outflows. The Nov. 1–7 news cycle also brought progress on retirement-plan rules, a proposed tZERO listing and blockchain upgrades.
Summary
- Binance traced its breach to compromised employee devices and said customer losses would be covered.
- Democrats discussed expanding SEC oversight and reviving investor protections in a crypto market structure proposal.
- U.S. spot Bitcoin ETFs recorded $430.2 million in net withdrawals during the Nov. 5 session.
- A Labor Department rule covering…
