Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in crypto, Binance said it held $5 billion in matching tokens to cover losses from crypto’s record-breaking $6.3 billion hack. Prediction market platform Kalshi raised $1 billion at a $40 billion valuation despite growing legal scrutiny of its sports contracts.
Binance said Friday that it had set aside more than $6.34 billion in company funds to cover losses from its hack, with $5 billion already in held in the same tokens stolen.
“The $5 billion is held in the exact token assets that are required. These assets are in Binance custody,” a Binance spokesperson told Cointelegraph.
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