Record Breaking Binance Hack Hits Markets, Kalshi Hits New Valuation, And More – Weekly Recap

Binance investigated a potential multibillion-dollar hack this week, with the exchange confirming it would cover losses from its own funds as markets reacted to the security breach. Prediction markets operator Kalshi raised $1 billion at a $40 billion valuation, extending its rapid growth in the sector. Datavault AI disclosed it could not access 817.6 BTC held in its bitcoin treasury, highlighting risks in corporate crypto holdings. Coinbase returned to profit with $719 million in Q3 net income, while DTCC launched a tokenization initiative, signaling continued institutional interest in blockchain-based assets. Watch for further details on the Binance exploit's scope, any fund recovery, and how the hack affects exchange security standards and market confidence.