coin-img-HYPEHYPE-0.22%coin-img-BTCBTC+0.58%coin-img-ETHETH+0.46%coin-img-SOLSOL-1.73%coin-img-USDCUSDC+0.00%coin-img-XRPXRP-0.74%coin-img-GRAMTONGRAMTON+0.41%coin-img-TRXTRX+1.26%coin-img-HYPEHYPE-0.22%coin-img-BTCBTC+0.58%coin-img-ETHETH+0.46%coin-img-SOLSOL-1.73%coin-img-USDCUSDC+0.00%coin-img-XRPXRP-0.74%coin-img-GRAMTONGRAMTON+0.41%coin-img-TRXTRX+1.26%coin-img-HYPEHYPE-0.22%coin-img-BTCBTC+0.58%coin-img-ETHETH+0.46%coin-img-SOLSOL-1.73%coin-img-USDCUSDC+0.00%coin-img-XRPXRP-0.74%coin-img-GRAMTONGRAMTON+0.41%coin-img-TRXTRX+1.26%coin-img-HYPEHYPE-0.22%coin-img-BTCBTC+0.58%coin-img-ETHETH+0.46%coin-img-SOLSOL-1.73%coin-img-USDCUSDC+0.00%coin-img-XRPXRP-0.74%coin-img-GRAMTONGRAMTON+0.41%coin-img-TRXTRX+1.26%
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ABC News & Headlines – Australian Broadcasting Corporation

Wall Street Sinks on AI Fears, ASX on Edge Ahead of RBA Meeting

AI Market Summary
Binance’s massive hack and subsequent multibillion-dollar withdrawals are weighing on crypto confidence, with outflows exceeding 2% of exchange assets despite recovery claims. The incident compounds broader risk-off sentiment as Wall Street sells off on AI fears and major tech losses. Short-term pressure on BTC and exchange-linked liquidity is likely, while traditional markets remain fragile.
Impact level
● High
Affected assets
BTC/USDT+0.57%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Withdrawals from Binance exceeded 2% of the exchange's assets. DefiLlama put outflows at US$4.4 billion. Binance said it had covered 95% of the stolen assets.
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