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Dalton Daily

Sourced widely. Told plainly.
Vol. I · No. 15Morning edition
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Markets · loading
Binance cites wider breach, plans phased withdrawal restart today
Gulf News

UPDATEBinance cites wider breach, plans phased withdrawal restart today

Exchange says $6.3 billion incident reached beyond one engineer's laptop; rivals tighten defenses as stablecoin issuers freeze funds

Binance said in an October 30 update that its preliminary inquiry into the record theft found compromises beyond the employee laptop first identified. It is targeting a phased restart of withdrawals today, subject to security checks. The exchange has set aside more than $6.34 billion in company funds and affected tokens to cover customer losses. Those findings and the restart date are company statements and plans, not independently verified. Gulf News reported that Tether froze nearly $1.57 billion linked to the incident and Circle froze another $800 million. Coinbase is adjusting its safeguards. Bloomberg reported that the attackers rehearsed first, running test code on Ethereum accounts a few dollars at a time days before the theft. Bitcoin was trading near $77,000 on Saturday, according to crypto press reports.

Why it mattersThe size of the theft and how it was carried out are testing industry security practices, and today's withdrawal restart will show whether customer assets are fully backed.

Gulf News foreign · Bloomberg · The Morning Brief (Substack) independent
Anthropic's IPO filing shows $16.3B in half-year revenue and huge compute bills
Fortune: Anthropic's S-1, by the numbers
Artificial Intelligence

Anthropic's IPO filing shows $16.3B in half-year revenue and huge compute bills

The S-1 reports a first operating-profit quarter, but also an $80.7B net loss and large fixed commitments

Geopolitics

Mediators move to restart US-Iran talks as Vance writes to Tehran

Qatar-led push would trade limited sanctions relief for UN inspector access to bombed nuclear sites

National Security, Intelligence & Espionage

China-linked hackers ran AI agents against 200 targets in 14 countries

CrowdStrike says the VAPOR PANDA group used the ARTEX framework with DeepSeek in an 11-day spying campaign that is still active

Business

Deutsche Telekom shelves bid to fold in T-Mobile US, report says

Opposition from labor, activist Elliott and T-Mobile's own executives reportedly stalls a deal valued near $300 billion

In Pictures
Daily Scripture

Loyal love, steady presence

Ruth 1:16-22

16Ruth said, “Don’t urge me to leave you, and to return from following you, for where you go, I will go; and where you stay, I will stay. Your people will be my people, and your God my God. 17Where you die, I will die, and there I will be buried. May Yahweh do so to me, and more also, if anything but death parts you and me.” 18When she saw that she was determined to go with her, she stopped urging her. …

Daily Stoic

Gaius Musonius Rufus

Lectures (Discourses recorded by his student Lucius), 'On Food', Lecture 18A, 'On Food' (Hense numbering), the argument about eating and digestion

The pleasure of eating is very short. It lasts only while the food is in the mouth and passing down the throat. Digestion takes far longer than eating, and it is digestion, not tasting, that nourishes the body. So food does its work for us when it is digested, not while it is enjoyed on the tongue. It is foolish, then, to chase the brief pleasure of the palate as if it were the real good of eating, and shameful to be ruled by it.

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The Commonplace Book · History

The Minister Who Sent a Questionnaire to Every Parish After Lisbon Fell

After the earthquake of 1 November 1755, Portugal's government asked priests to report what they had seen. It was an early large-scale, systematic attempt to study an earthquake.

At about 9:40 on the morning of Saturday, 1 November 1755, All Saints' Day, Lisbon's churches were full. The ground shook for several minutes. Survivors ran to the riverfront, where the Tagus drained away and left the mud strewn with wrecked ships. Within the hour, waves came back up the river. Candles lit for the feast had been knocked over across the city, and the fires became a firestorm. Perhaps 30,000 to 40,000 of Lisbon's people died, and about 85 percent of its buildings were destroyed.

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Inside Today's Paper
The Funnies

xkcd “Slippery Slope” · Poorly Drawn Lines “Didn’t Realize” · Saturday Morning Breakfast Cereal “Help” · Existential Comics “Quintus Sextius Chooses Philosophy” →