Mixed crypto market signals: Hyperliquid revenue surges to $105M; Binance faces wider breach aftermath targeting Sunday restart; Chainalysis breach exposed; Iron Fish shutting down after Merkle tree exploit; Tether reports strong Q3 profits with doubled reserves; Uber joins institutional blockchain settlement pilot.
Security & Exploits ·
Tether's Q3 net operating profit reached $1.5 billion as its excess reserves climbed to $7.95 billion, nearly doubling from the prior quarter, according to the company's latest attestation. Meanwhile, Hyperliquid generated $105 million in September revenue with ancillary income streams like third-party markets and USDC yield reaching $38 million, marking year-over-year growth of that segment. Security incidents continued across the sector: Binance disclosed a wider-scope breach underlying its $6.3 billion hack while targeting Sunday restart for withdrawals, Chainalysis confirmed attackers accessed internal systems and customer data, and Iron Fish announced shutdown following a Merkle tree exploit that enabled double-spending.