Nakamoto's debt exceeds its market capitalization as bitcoin falls below $67,000, and further declines could force it to repay part of its $165 million USDT loan or pledge more bitcoin. It pushed a 60 million USDT Kraken payment into 2027, and an options loss turned Q3 operating revenue negative.
Binance has reopened withdrawals across 87 blockchain networks as it recovers from a $6.3 billion breach on Oct. 29, 2026. The Justice Department won court authority to seize $1.2 billion of the stolen crypto, tied to North Korea, and Binance says customer assets are fully covered, pending cryptographic proof.
Bitcoin.com News·𝕏:@WuBlockchainWu Blockchain / @WuBlockchain·Binance CSO: A Fake Interview and a Coding Assignment Breached an Engineer's Computer
On November 9, 2026, Binance CSO Jimmy Su described a fake-recruitment attack in an X fireside chat. A Binance engineer was contacted on a legitimate job platform by a self-styled project director. The attacker ran a fake HR video interview, posed as a fictitious company's CEO, then sent a malware-laced repository. It ran when installed on his work computer, becoming the entry point of a $6.34 billion theft.
A petition backed by Elon Musk seeking Jensen Huang's return as Nvidia CEO has drawn over 120,000 names, including more than 6,000 self-identified current employees. Huang stepped down after reportedly having affairs with a Chinese spy and a direct report; Nvidia sits 30% below its October peak.
𝕏:@laurashinLaura Shin / @laurashin·🔐 How do you keep North Korea out of a private network without giving anyone a global viewing key?
Aztec co-founder @Zac_Aztec told @laurashin how users can privately prove their funds have no link to flagged hacks, and why the AI audits behind @aztecnetwork's Tierra upgrade give him more confidence. 🛡️
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𝕏:@glassnodeglassnode / @glassnode·bitcoin:native price is approaching a massive liquidation cluster.
The August breakout left behind these long entries. Markets tend to gravitate toward spots of fragility such as this.
After weeks of selling, this could be the accelerant for a final capitulation flush.
𝕏:@laurashinLaura Shin / @laurashin·Kraken parent Payward has stopped leading its quarterly results with Adjusted Revenue and reported $487 million in third-quarter total platform margin instead. Adjusted Revenue, which the release still prints for comparison, was $553 million, down 15% from a year earlier.
𝕏:@Matt_HouganMatt Hougan / @Matt_Hougan·Crypto is giving mid-2018 vibes, when the space was exhausted and a lot of people gave up. Feels like we could wander through the wilderness for a while as we digest the long-term impact of the elections / Binance / tighter monetary policy / etc. There will be a big buying opportunity at some point, but it's hard to say when.
The thing that broke the 2018 malaise was an innovation breakthrough (DeFi). I suspect the same will be true here. The annoying thing about breakthroughs is that they are impossible to predict. If you saw it coming, you would start a multi-billion dollar business to capitalize on it.
𝕏:@WuBlockchainWu Blockchain / @WuBlockchain·Ethereum Foundation Sold 7,500 ETH for 14.52M USDS Over Four Days
According to Onchain Lens, the Ethereum Foundation sold another 2,500 ETH (worth approximately $4.71 million) for 4.597 million USDS via CoWSwap, bringing its total sales over the past four days to 7,500 ETH for approximately 14.52 million USDS. The latest proceeds were transferred to a Safe multisig wallet. ETH has fallen below $1,850.
𝕏:@laurashinLaura Shin / @laurashin·How much of ETH's value can you actually quantify? 🧮
I asked @jdorman81 whether securing layer 2s should count. His answer: chains are "perfect substitutes," and by his math about $200 billion of ETH's value is "social value or hopium.", @laurashinLaura Shin / @laurashin·Is Ethereum's $240 Billion Market Cap Justified With Only $6 Million in Monthly Fees?
Should @ethereum start taxing the apps built on it? 🏝️
@jdorman81 argues that a chain that never taxes its "island" can't give its currency much value, and he points to @HyperliquidX owning its own DEX and stablecoin revenue as the model. 🎧
Timestamps:
🎬 00:00 Intro
🎙️ 00:59 Bits + Bips: search Bits + Bips and subscribe to our weekly crypto and macro show at
🔥 01:19 Why Vitalik Buterin now wants ETH valued as a store of value, not a fee burn
📊 10:44 Jeff on why L1s like Ethereum and Solana look overvalued but apps don't
💰 16:00 Nexo: Generate daily interest on your crypto or borrow funds against your assets at
🏝️ 16:44 Vitalik's L'Oréal comparison and Jeff's case that untaxed chains are islands
🌍 21:39 Why Jeff calls ETH the 'lazy' bet on stablecoins, tokenization and DeFi
🪙 27:46 Why Jeff calls Vitalik's store-of-value pitch for ETH 'really misguided'
🧾 31:07 How Jeff would fix ETH: copy Hyperliquid's 'holy trinity' or tax the apps, @tolytoly 🇺🇸 / @toly·Store of Value theory of labor, @laurashinLaura Shin / @laurashin·Arca's Jeff Dorman called Vitalik Buterin's store-of-value pitch for ETH "really misguided" on Unchained. His fix for Ethereum: tax the apps built on it, if it can't go back and copy Hyperliquid, which runs its own exchange and takes most of the stablecoin revenue on its chain., @laurashinLaura Shin / @laurashin·"If you believe that your security is so important, and these applications need you so badly, then tax them and prove that you're worthwhile." 🧾
That's @jdorman81's challenge to @ethereum, after he told me Vitalik Buterin's store-of-value case for ETH is "really misguided."