Business
The people and companies shaping the crypto industry.
Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade
Aztec, the privacy-focused Ethereum layer-2 network, has rolled out a major upgrade that fixes a critical vulnerability from its previous version, doubles the speed of private transactions, and ushers in a wave of applications built to keep user data hidden. The Aztec Foundation said Tuesday that the upgrade, called Aztec Tierra and designated Alpha V6, delivers stronger security, formal verification of its proving system and faster deposits from Ethereum, alongside a refreshed brand. Aztec is a...
Nov 2, 2026
Business
Strategy Resumes Bitcoin Buys With $66M Purchase
Strategy bought 811 BTC for $65.5 million last week, the company said on Monday, resuming its Bitcoin purchases after a one-week pause. The Bitcoin treasury firm paid an average of $80,846 per coin between October 26 and November 1, funding the purchases by selling 1,178,552 shares of MSTR stock for $164 million in net proceeds, according to an SEC filing. Of that, $65.5 million went to Bitcoin and $98.5 million to its USD Cash account. Strategy has acquired 811 $BTC and repurchased $208M of $S...
Oct 30, 2026
Business
Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Wall Street analysts are telling clients the record-breaking hack of Binance is a buying opportunity, not a reason to flee, urging investors to scoop up crypto-linked stocks while prices are depressed. Analysts at Cantor Fitzgerald, TD Cowen, and Compass Point said in Friday research notes that the roughly $6.3 billion theft, the largest crypto hack ever, is unlikely to derail the broader market’s recovery. Myriad: Which company will IPO next? Click to make your prediction. The reassurance came...
Oct 30, 2026
Business
Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Reddit shares plunged 30.44% to $90.15 on Friday after CEO Steve Huffman warned that Google's AI-powered search features are cutting referral traffic and could shrink the platform's user base. The selloff came after the company reported strong third-quarter results but issued a weaker-than-expected revenue forecast for the current quarter. Myriad: Where does ETH go next? Click to make your prediction. Reddit built much of its business around people discovering its discussions through Google sear...
Oct 30, 2026
Business
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Binance will cover every dollar lost in this week's hack with its own money, CEO Richard Teng said in a video address on Friday, adding that customer funds were never touched. "We are committed to covering all hacked losses through our company funds. Your assets are safe," Teng said, according to a transcript he tweeted. An update on the security incident. pic.twitter.com/qn2804fO5z — Richard Teng (@_RichardTeng) October 30, 2026 Binance has reserved more than $6.34 billion of company funds to...
Oct 30, 2026
Business
Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
Binance co-founder Changpeng Zhao, better known as CZ, called out Elon Musk on Friday after the billionaire appeared to mock the exchange following a $6.4 billion hack—the largest in history—reminding him that Binance holds SpaceX shares worth more than $1 billion. "Elon, have a lot of respect for you, but bad time to troll. Please stop," CZ wrote on X. "Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion. Would appreciate if you show a little suppo...