FirstFT: Binance falls victim to record crypto heist

What happened: Binance fell victim to a record crypto heist, according to the FirstFT newsletter. The same edition covered Big Tech shedding $900bn in a market rout and the last days of Weil. Key numbers: $900bn shed by Big Tech in the market rout. Why it matters: The newsletter frames the Binance theft as a record crypto heist and pairs it with a major market rout, signaling a difficult stretch for both crypto and technology stocks. Coverage: 3 outlets in 24h

Binance fell victim to a record crypto heist, according to the FirstFT newsletter. The same edition covered Big Tech shedding $900bn in a market rout and the last days of Weil.

The newsletter frames the Binance theft as a record crypto heist and pairs it with a major market rout, signaling a difficult stretch for both crypto and technology stocks.