Analysts: Binance hack has limited impact on the crypto industry; sell-off may present a buying opportunity.

The U.S. Secret Service is collaborating with private sector partners, including Circle, to identify, freeze, track, and recover stolen funds from Binance.

Binance co-CEO He Yi stated that the hack affected $6.3 billion in assets, of which $3 billion has been frozen, and withdrawals are expected to resume within the next 42 hours.

Bitcoin Core has disclosed a low-severity vulnerability that, under extreme conditions, allows miners to corrupt node data and trigger a shutdown.

Zcash founder Zooko stated on the Zcash forum that Tachyon Group and Shielded Labs have submitted a proposal to terminate further funding to the Zcash Community Grant (ZCG) and reduce its treasury size, donating $50 million to the Network Sustainability Mechanism (NSM) and establishing a fund for future development and legal defense. Zooko stated that the Zcash community is experiencing a governance crisis and called on the community to support the proposal and withdraw other alternatives. Shielded Labs does not accept ZCG funds; instead, they accept donations from ZEC holders and supporters.

Uber participated in a blockchain investment pilot program initiated by HSBC, Franklin Templeton, and other institutions. It used HSBC's tokenized deposits to purchase tokenized money market funds issued by Franklin Templeton, using a public blockchain for investment and settlement, thus earning an additional 1.5 days of returns. The pilot program involved Tradeweb and Fireblocks, with liquidity and settlement provided by Canton Network. (Source: Bloomberg)