Live News: Binance hack rattles crypto as Intel plunges and AI spending fears hit tech

Binance says it has replenished 90% of the stolen assets through market and over-the-counter purchases and is targeting Sunday for a withdrawal restart, leaving less-liquid tokens as the remaining gap. Until that restart, users with funds on the exchange cannot move them, traders face delayed access to balances, and Binance must keep absorbing the cost of buying replacement tokens rather than passing losses to customers, a decision that will shape how much trust it recovers.

The Digital Chamber's letter to Congress, sent hours after the breach, asks for mandatory segregation of customer assets, qualified custody, bankruptcy protections and independent audits, the same demands that followed FTX's collapse in 2022. An exchange that promotes itself as the gateway to decentralized finance still concentrates custody, signing authority and AI-driven internal tooling in one company's hands; this breach exposes that single point of failure and tests whether voluntary industry fixes can substitute for binding rules.

Donald Trump said he will personally review the hack, and what follows from that review, whether it produces a formal directive, a regulatory referral, or nothing beyond a statement, will indicate if Washington treats this as a national-security matter or leaves it to existing agencies. Separately, whether Chainalysis and Elliptic can expand the $2.8 billion already frozen as hackers keep moving funds through swaps like the XRP-to-Bitcoin conversion will determine how much of the $6.3 billion is ultimately unrecoverable.

BitcoinBTC it is the asset of the company or protocol in the event

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.