Nasdaq futures tumble; Binance suffers massive hack - what’s moving markets

What happened: Nasdaq futures fell sharply, extending tech losses after Amazon and Intel earnings, while Binance froze assets following the largest cyberattack in crypto history. Key numbers: Nasdaq 100 futures down 646 points (2.2%), S&P 500 futures down 1.0%, Dow futures down 0.1%. Binance reported $6.3 billion stolen. Why it matters: Investors are questioning Big Tech's AI spending and its funding through debt and equity issuance rather than cash flows. The Binance heist threatens faith in crypto's push into the mainstream, and crypto prices fell on the news. Coverage: 4 outlets in 24h

Nasdaq futures fell sharply, extending tech losses after Amazon and Intel earnings, while Binance froze assets following the largest cyberattack in crypto history.

Investors are questioning Big Tech's AI spending and its funding through debt and equity issuance rather than cash flows. The Binance heist threatens faith in crypto's push into the mainstream, and crypto prices fell on the news.