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Binance Hackers Made Memecoins to Launder Stolen Crypto
The hackers who stole $6.3 billion from Binance Holdings Ltd. in crypto’s biggest ever heist have turned to one of the sector’s most gimmicky assets to launder a slice of the proceeds: memecoins.
At least six new tokens were created on the NEAR blockchain network within days of the theft, blockchain analytics firm Elliptic said, which allowed the attackers to pass through about $430,000 of the stolen crypto. The scheme was designed to disguise the path of money — rather than dupe unwitting traders into exchanging stolen assets for clean cash — and make it harder to trace where the ill-gotten gains eventually ended up.
Bitcoin Spot ETF Saw a Total Net Outflow of $201.08M Yesterday, Marking a 3 Days of Consistent Outflow
According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 201.08M USD yesterday (Eastern Time, November 9th).
The Bitcoin Spot ETF with the highest net inflow yesterday was Morgan Stanley's ETF MSBT, with a daily net inflow of 22.06M USD, and the total historical net inflow of MSBT currently stands at 805.14M USD.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of 213.23M USD, and the total historical net inflow of IBIT currently stands at 64.89B USD.
MARA Sold 13,597 Bitcoins to Repay $750 Million in Debt, and Authorized a $500 Million Buyback
Bitcoin miner $MARA announced it has sold 13,597 bitcoins and repaid $750 million in debt.
The company also announced a new $500 million share repurchase authorization. $MARA further disclosed that two data center leases originally planned to proceed may be delayed until 2027.
Circle Moves USYC Fund into Longer-Dated US Treasury Bills
Circle has moved the fund behind its USYC tokenized money market product from predominantly overnight reverse repos into longer-dated U.S. Treasury bills with maturities of up to six months, while keeping the same token, issuer and $USDC subscribe/redemption flows unchanged. The company did not disclose the fund’s updated weighted average maturity, current yield, or the proportion of assets shifted. Circle’s figures show USYC held about $313 million in assets under management as of Oct. 27, 2026; crypto.news contacted Circle but had not received comment by press time.
USYC represents shares in the Hashnote International Short Duration Fund Ltd. (Cayman Islands), with Circle International Bermuda Limited as token administrator under a Bermuda Monetary Authority license. The product requires a $100,000 minimum; standard subscription and redemption fees are 0.04% and 0.03% (waived on the first $1 million in qualifying combined daily volume), and a 10% performance fee applies. Access is restricted to eligible non-U.S. persons.
BitGo's Q3 Net Income Was $44.1 Million, with Total Revenue Declining Year-on-Year by 50.9%
Digital asset infrastructure company BitGo has released its latest financial report, showing a net income of $44.1 million for Q3 2026, primarily driven by the appreciation of digital asset treasury, compared to a net loss of $19 million in the previous quarter.
Adjusted EBITDA loss was $4.3 million. Total revenue reached $2.85 billion, a year-on-year decline of 50.9%, mainly due to reduced digital asset trading activity caused by a weak crypto market environment.
Bitcoin Spot ETF Flow
The overall net outflow of the US Bitcoin spot ETF on Monday was $201.08 million. The total net asset value of Bitcoin spot ETFs is $94.43 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.27%.
The Bitcoin spot ETF with the highest net outflow on November 9 was iShares Bitcoin Trust, with a net outflow of $213.23 million, according to SoSoValue.
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