
Banks are owed $349B by private credit funds that may not be collecting cash from borrowers
Private credit funds owe banks $349 billion while some borrowers defer cash interest, creating risks for lenders and Bitcoin.

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From calling BTC highly speculative to ruling it out of central-bank reserves, her position on the asset remained consistently negative.

Federal prosecutors have secured lengthy prison sentences against two Texas brothers convicted in a violent cryptocurrency kidnapping case. Raymond Christian Garcia and Isiah Angelo Garcia of Waller, Texas, were sentenced before U.S. District Judge Donovan W. Frank on October.

b14g reports an unauthorized withdrawal of 97 million CORE, worth about $1.36 million at midday prices, and says affected contracts are paused.

Binance confirmed a 7,499 BTC SAFU transfer worth about $581 million as it draws on emergency reserves, futures insurance and its treasury after a hack.

Binance says it has replenished 90% of assets stolen in its $6.3 billion hack and is targeting Sunday to resume withdrawals.

Strategy posted record quarterly earnings, but its Bitcoin-per-share yield turned negative despite continued accumulation.

Strive CEO Matt Cole says Bitcoin’s decline after the Binance hack was smaller than he expected, but cautions it is too early to call a bottom.