Live updates: Bitcoin falls below $77,000 as Binance exploit combines with tech woes

The $6.3 billion Binance hack added to crypto jitters, while weak earnings outlooks and mounting concerns over AI spending pushed the Nasdaq down more than 2%. Source

Binance hacker dumps a little-known 2017 token and it crashes 90%

The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes. Source

Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers. Source

Polymarket suspends trading after third-party breach leads to user losses

Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained. Source

Stanley Druckenmiller’s first X post backs Hyperliquid venture after $23 million indirect investment

The billionaire investor disclosed an investment in Trade[XYZ] as the platform teams up with the NYSE’s parent company. His family office previously reported owning shares in a HYPE-focused treasury company. Source

KuCoin exits Russia and Belarus as crypto exchanges withdraw from Western-sanctioned markets

The exchange is closing accounts in both countries after MEXC and Bitget announced similar moves earlier this month. Source

From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks

The two networks are setting aside their rivalry to connect Solana’s stablecoin activity with Polygon’s banking, wallet and payment infrastructure. Source

Crypto exchange HTX exits the UK after settling with the FCA

The former Huobi exchange has stopped accepting deposits from British customers and agreed not to target them with crypto promotions. Source

Polymarket brings ultra-short crypto prediction markets to U.S. platform

Polymarket’s new Up/Down crypto contracts come as the CFTC renews scrutiny of the prediction market’s compliance with its 2022 U.S. onboarding terms. Source