The S&P 500 has posted gains in the year after every US midterm since 1982. With Americans voting today, history favors stocks, but several macro risks could test that record. Bitcoin (BTC) has also finished higher a year after recent midterms. However, its path through the following months has been far rougher than that of […]
Israel’s Netanyahu explores crypto to bypass sanctions, but Israel’s central bank, economists, and critics warn of economic damage and deeper isolation. The post Israeli PM, central bank lock horns over sanctions evasion appeared first on CoinGeek.
Today in crypto, North Korea denied involvement in the $6.3 billion Binance hack, Brazilian exchange Mercado Bitcoin faced questions over continued wallet transfers following a $46 million security breach and Binance disclosed that it had tapped roughly half the Bitcoin in its publicly disclosed SAFU wallet as it worked to reimburse users affected by last week’s attack.North Korea denies role in $6.3B Binance hack, points finger at USKim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement in the $6.3 billion Binance hack and appeared to suggest, without evidence, that the US could have been behind the theft.In a statement released via the Korean Central News Agency (KCNA) on Tuesday, Kim rejected the FBI’s attribution of the attack to a North Korean-backed hacking group.“The FBI is trying to brand the DPRK as a ‘cyber criminal state’, claiming that it obtained information that a hacking organization ‘supported’ by the DPRK was involved in the incident,” said Kim. “But the US assertion is an absurd rhetoric and nothing new.”She described the allegations as a political provocation intended to damage North Korea’s international standing. The FBI also blamed North Korea for the $1.5 billion Bybit hack in February 2025, an accusation Kim also rejected on Tuesday.“This is not the first time that the U.S. has attempted to spread misunderstanding of the DPRK in the international community, blindly linking the DPRK with the ‘cyber crime’ incidents whenever they occur on an international scale,” said Kim.Mercado Bitcoin wallets show post-hack transfers after $46M theftMercado Bitcoin, one of Brazil’s largest cryptocurrency exchanges, confirmed a security incident on Monday that blockchain analysts estimated drained more than $46 million from its wallets. Despite the company’s announcement that it had suspended deposits and withdrawals, addresses associated with the incident continued to receive funds for hours afterward.Senior security engineer at Certik, Dickson Wu, published an initial post-mortem of the incident, saying the attackers “picked at eight small chains for four hours,” including Base, Optimism and Arbitrum. The attack then moved to the company’s main hot wallets before transferring tiny amounts of Ether (ETH) from 27,160 different addresses. “So whoever did this can also move money out of MB’s customer deposit addresses,” he wrote. Security firms have stated the hack was carried out through standard transfers rather than a smart contract exploit. A spokesperson for Mercado Bitcoin told Cointelegraph that customers had suffered no losses and no data had been leaked, but the company did not respond to requests for comment on the continued transfers. A data breach could also trigger notification requirements to Brazil’s data protection authority. The hack has not yet been attributed to an organized group and remains under investigation.Binance taps half its SAFU Bitcoin holdings, releases reserve proofBinance’s publicly disclosed emergency Bitcoin wallet held roughly half its previous balance on Monday after the exchange tapped its user protection fund to cover losses from Thursday’s $6.3 billion hack.The exchange confirmed a transfer of 7,499 Bitcoin (BTC) on Saturday, linking it to the partial deployment of its Secure Asset Fund for Users (SAFU).As of Monday, the wallet held about 7,500 BTC, worth $583 million, down from about 15,000 BTC before the transfer.Binance began reopening withdrawals in phases on Sunday and said it had replenished approximately 95% of the affected assets, up from 90% a day earlier. It continued buying the remaining, less-liquid tokens through market and over-the-counter transactions.The exchange is using its corporate treasury, SAFU and part of its futures insurance fund to cover the losses.
The fund set Nov. 12 as both the ex-dividend and record date, with payment scheduled for Nov. 30.
The index rose in all 11 post-midterm periods from 1982 to 2022, averaging 13.7%. Returns varied across shorter and longer windows.
PI’s latest listed daily close was $0.07644, above chart support near $0.074.
Shareholders of record Nov. 23 qualify; the same date is the ex-dividend date, and the forward yield is 7.34%.
Marvell and Lumentum’s CEOs spoke with Huang before announcing their nearly $103 billion merger. Lumentum CEO Michael Hurlston described Nvidia’s reaction as positive.
Payment is scheduled for Dec. 1, with Nov. 13 set as both the record date and ex-dividend date.
Shareholders of record Nov. 13 qualify for the payment; the same date is the ex-dividend date. Payment is scheduled for Dec. 1.
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