Flap's official website has been hit by a DNS hijacking, and the team warned users not to access the site or connect their wallets.

Binance is buying back the stolen assets through market channels and OTC deals. Over the past 8 hours, Ethena(@ethena) has deposited 128.63M $ENA ($24M) into #Binance.

S&P Global Ratings has revised Meta’s credit rating outlook from stable to negative, citing rising uncertainty driven by the company’s high capital expenditures. The rating agency said it projects Meta will rely solely on debt financing by 2028 to cover its projected free operating cash flow (FOCF) shortfall. The outlook adjustment reflects market concerns that Meta’s expanding capital outlays—especially investments in AI infrastructure—could pressure its cash flow and financial health.

Whales are dumping $HYPE! Wallet 0x2685 sold 912,383 $HYPE ($82.09M) 6 hours ago, which it bought a month ago, making over $10M in profit. Wallet 0x648F sold 296,705 $HYPE ($26.72M) 8 hours ago, which it bought 11 months ago, making $16.5M in profit.

Patriarch Chairman Eric Schiffer warns that Binance’s $6.3 billion hack may signal a larger wave of cyberattacks, noting that as artificial intelligence capabilities continue to advance, enterprises will face increasingly complex cybersecurity threats. “The bloodbath of AI-driven cyberattacks is still ahead, with more losses to come,” he stated. Schiffer argues the incident underscores the cybersecurity challenges facing large financial institutions, adding that companies can no longer treat cybersecurity as a problem to resolve only after an attack occurs. He expects Binance will restore its financial position via its balance sheet, but the event may erode user trust, leading some asset holders to exit the platform. Binance has set aside more than $6.34 billion in corporate funds to cover losses: roughly $5 billion in equivalent assets are already available, while approximately $3 billion in stolen assets have been frozen on-chain. TRM Labs attributes the attack to North Korea-state-backed hacking group TraderTraitor, confirming that around $6.36 billion in assets were transferred across 10 blockchains, with most of the transfers taking place in roughly 20 minutes. The U.S. Secret Service is working with the private sector to track and recover the funds.

Tasnim News Agency stated that Barak Ravid, an Israeli journalist and reporter for Axios, is a well-known member of the Israeli military’s Unit 8200. In multiple reports published early this morning, Ravid attempted to launch a large-scale psychological warfare campaign against the Islamic Republic of Iran. On one hand, Ravid claimed that negotiations between the U.S. and Iran are still ongoing; on the other, he amplified tensions by highlighting the possibility of U.S. military action against Iran, seeking to create an atmosphere where the "best and final opportunity" to reach an agreement is "now". Tasnim News Agency added that Ravid further claimed in his psychological warfare propaganda that Tehran has demanded the U.S. lift its maritime blockade to continue negotiations, while Washington has set Iran’s concessions on the nuclear issue as a condition for resuming dialogue. However, according to statements from Iranian officials, the nuclear issue was not on the agenda in the current round of indirect talks with the U.S. (Jinshi)

According to Bloomberg, AI startup Baseten is seeking a new funding round targeting around $2 billion, with its valuation projected to surge from $13 billion in June this year to a maximum of $30 billion, more than doubling. The round is expected to be split into two tranches, with the first tranche valuing the company at $26 billion and the second at $30 billion. Existing investor Sands Capital is set to lead the financing. Baseten last secured a $1.5 billion funding round in June, when it was valued at $13 billion. Founded in 2019, Baseten mainly offers AI model inference platforms for enterprises, assisting clients in deploying and running various AI models. As AI applications gain popularity, market demand for inference computing power continues to rise, prompting investors to ramp up investments in related infrastructure firms. Its rival Fireworks AI closed a $1.5 billion funding round in July this year at a $17.5 billion valuation.