Odaily Morning Brief

1. Binance discloses preliminary investigation results of security incident: losses of approximately $6.3 billion, approximately $3 billion in assets frozen, full compensation to be provided;

2. Data: Binance customer assets total approximately $129.4 billion; previous snapshot reserve assets were all greater than or equal to 100%; the total scale of 6 major mainstream coins is approximately $135.8 billion, and the total scale of 55 coins is approximately $166.1 billion;

3. Viewpoint: The Binance hack incident may become the last significant low point before a major rally in the crypto market;

4. Viewpoint: The over 18,000 BTC stolen from Binance may be difficult to liquidate in the short term, with limited potential selling pressure;

5. ZachXBT: Funds stolen in the Binance and Bitget hacking incidents flowed to the same address, possibly perpetrated by the same attacker;

6. He Yi: Deposit services are operating normally; withdrawals are expected to resume within the next 48 hours;

7. Kraken temporarily experienced trading and withdrawal outages; the official team stated the malfunction has been resolved;

8. 1,900 BTC worth $148 million was transferred from Galaxy Digital to 9 newly created wallets over the past 4 hours.