Plus: Spot Bitcoin ETFs Shed $1.16 Billion, Justin Drake Eyes Earlier Quantum Finish
Good Morning Lions,
The Binance attackers are swapping stolen SOL into ETH and BTC through THORChain now that it has restored trading. Permissionless swaps cut both ways. I think THORChain carries the heavier risk from here, since Arkham and Lookonchain are tracing the flows in public, and a DEX that becomes the exit route for an exchange hack draws regulatory heat that lands on every DEX.
Binance Hackers Move Stolen SOL
TL;DR: Attackers behind the Binance hack have moved about 81% of the 970,522 SOL they stole, according to Arkham and Lookonchain. They are swapping the funds into ETH and BTC through THORChain after the protocol restored trading.
Spot Bitcoin ETFs Shed $1.16 Billion
TL;DR: US spot Bitcoin ETFs have posted $1.16 billion in net outflows since Friday, according to SoSoValue data. Bitwise's André Dragosch said the selling reflects a short-term risk-off mood rather than an institutional exit.
Justin Drake Eyes Earlier Quantum Finish
TL;DR: Ethereum Foundation researcher Justin Drake said at Devcon 8 that he hopes Ethereum can complete its post-quantum transition by December 2028. The foundation's published roadmap still targets December 2029, a year later.
Google Reportedly Expands Malaysia Data Centers
TL;DR: Crypto Briefing reports that Google will invest $15 billion in Malaysian data centers, adding to its Selangor cloud region and Port Dickson plans. The report cites no Google statement, and LeoDex News could not verify the figure.
Render Network Tops 82 Million Frames
TL;DR: Render Network's dashboard showed 82,560,402 rendered frames as of September 2026, according to the Render Network Foundation's monthly report as relayed by Crypto Briefing. August output rose 23% from July.
XRP Slides From September Highs
TL;DR: XRP traded near $1.28 in a U.Today price analysis, down from September highs around $1.65, with support flagged near $1.24. The same analysis put NEAR Protocol under pressure at about $3.91, while Zcash held near $1,208 after rallying from about $500 in August.
U.Today Dismisses Orbital Bitcoin Mining
TL;DR: An unbylined U.Today analysis applied an Elon Musk post about space data centers to Bitcoin mining. Citing BCG's launch cost of $1,500 per kilogram, it concluded that orbital mining is possible but not financially justifiable.
If THORChain keeps routing those swaps without stepping in, the pressure lands on the protocol itself. And if ETF flows flip back to inflows this week, Dragosch's short-term call holds up. Stay sharp frens 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.