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Binance covers $6.34B hack losses; US Bitcoin ETFs see $430M outflows; crypto retirement rule nears approval.

Market News
07 Nov 2026, 09:57 WIB
Crypto news
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Bearish
Binance covers $6.34B hack losses; US Bitcoin ETFs see $430M outflows; crypto retirement rule nears approval.

Binance revealed that attackers stole $6.34 billion by compromising employee devices, but the exchange will cover all customer losses. Meanwhile, US spot Bitcoin ETFs experienced $430.2 million in net outflows on November 5, continuing a trend of withdrawals. The US Labor Department's final rule on alternative retirement investments, including digital assets, has reached the White House for review, signaling potential regulatory progress. Additionally, tZERO announced a proposed $350 million SPAC merger, and France removed crypto tax amendments from its 2027 budget proposal.

Binance's $6.34 billion theft and US crypto regulatory developments provide context for digital asset markets. For readers following cryptocurrency, here is Pluang's market snapshot as of Nov 07, 2026 14:31 WIB: out of 50 major cryptocurrencies, 34 rose and 15 fell today. Notable movers include ZIL (Zilliqa) at Rp32 with a 4.10% increase and 71% buy order activity, THETA (Theta Network) at Rp2,695 up 2.94% with 100% buy orders, and EGLD (MultiversX) at Rp58,024 down 2.21% with 96% buy orders.

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