THE MOAT

The business of the world.

THE MOAT Daily with the world's top business stories. Subscribe

THE MOAT as it stood at 30 October 2026, 09:47 Brussels time · Archive · Today’s page

Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses

David Yaffe-Bellany / The New York Times /

Also: Euronews Crypto platform Binance confirms major hack with more than $2.5bn frozen, Bloomberg Estimated $6.3 Billion Hacked in Binance Security Breach, The Guardian ‘Elite North Korean group’ blamed for $6.3bn Binance hack in biggest ever crypto heist, South China Morning Post Binance pledges to cover losses after US$6 billion crypto hack, BBC Crypto giant Binance hit by $6.3bn hack suspected to be largest in history, The National Binance freezes deposits and withdrawals as it investigates cyber security incident · see all

In other languages: La Nación Binance investiga un posible hackeo tras la salida de miles de millones de dólares: “Problema de seguridad” (es), Le Temps Binance rapporte une cyberattaque massive et gèle plus de 2,5 milliards de dollars (fr), Neue Zürcher Zeitung Hacker lancieren bisher grössten Angriff auf Krypto-Börse Binance: Mehr als 6 Milliarden Dollar sind betroffen (de), Asahi Shimbun 仮想通貨「バイナンス」がハッキング被害 影響額63億ドルの推定も (ja), Dagens industri Kryptovaluta för 20 miljarder spärrat – cyberattack utreds (sv), Valor Econômico Binance suspende saques após suspeita de ataque hacker provocar onda de vendas de criptomoedas (pt), Rzeczpospolita 6,3 mld dolarów strat. Największa w historii kradzież kryptowalut (pl), Handelsblatt Digitalwährungen: Milliardenschwerer Hackerangriff auf Kryptobörse Binance (de), Het Financieele Dagblad Miljarden gestolen bij Binance na grootste cryptohack ooit (nl), Aftenposten Verdier for mer enn 6 milliarder dollar stjålet fra verdens største kryptobørs (no), Süddeutsche Zeitung Kryptowährung: Möglicher Sicherheitsvorfall bei Binance (de), NRC Bij een megahack van cryptobeurs Binance is zo’n zes miljard dollar gestolen (nl), Jornal de Negócios Binance suspende levantamentos e depósitos após suspeita de ataque informático (pt) · see all

  1. European shares ease as AI-driven tech selloff deepens

    The Business Times /

    Also: Bloomberg Tech Selloff Deepens as Intel and Amazon Shares Fall

    In other languages: Expansión Intel y Amazon desatan otra oleada bajista en las tecnológicas (es)

  2. Bank of Japan declares victory in hitting price target, signals near-term hikes

    The Business Times /

    Also: Financial Times Bank of Japan says 2% inflation goal reached after decades of deflation, Bloomberg Tokyo Inflation Exceeds BOJ’s 2% Target Before Rate Decision, The Japan Times Tokyo inflation exceeds BOJ’s 2% target before rate decision · see all

    In other languages: Asahi Shimbun 欧米が恐れた「日本化」から脱却の節目 日銀「2%到達」次なる宿題 (ja), Dagens industri Bank of Japan lämnar styrräntan oförändrad (sv)

  3. Alphabet Plunges by Record With AI Exposure Topping $1 Trillion

    Davey Alba / Bloomberg /

    Also: The Guardian Google owner Alphabet loses $500bn in market value after profit disappoints Wall Street, BBC Google value plunges by $500bn as AI fears rattle Wall Street, Semafor Alphabet loses $500 billion in market value, The Japan Times Google erases a record $500 billion as AI eats into sales, The Economist Google’s $500bn bloodbath reflects the danger it faces from AI, Financial Times Alphabet shares tumble in $500bn rout · see all

    In other languages: Cinco Días Microsoft se une la avalancha financiera de la IA con una emisión de deuda de 25.000 millones (es), Handelsblatt US-Börsen: Massiver Kursrutsch von Alphabet: Google-Konzern verliert 500 Milliarden Dollar Börsenwert (de), Jornal de Negócios Alphabet apaga mais de 500 mil milhões de dólares após registar maior queda em bolsa de sempre (pt), Diario Financiero Las acciones de Alphabet se desploman post resultados y se traducen en una debacle de US$ 500 mil millones (es), Le Figaro Google frappé au cœur de son modèle publicitaire par l’intégration du « mode IA » à son moteur de recherche (fr), La Nación Google factura como nunca, pero en unas horas perdió US$500.000 millones en la Bolsa: la IA amplía y arruina su negocio (es), Valor Econômico Dúvidas sobre IA voltam a pesar sobre bolsas de Nova York (pt) · see all

  4. Oil Prices Rise After Hormuz Tanker Attack, Houthi Claims Stoke Supply Fears

    Farhan Rafid / The Wall Street Journal /

  5. Chinese Executive Close to Nvidia CEO Suspected of Giving China Information

    Amrith Ramkumar / The Wall Street Journal /

  6. Christine Lagarde to step down early as European Central Bank president in February

    MercoPress /

    Also: Council of the EU Press statement by Eurogroup President Kyriakos Pierrakakis following the announcement of the President of the European Central Bank, Christine Lagarde, to step down on 7 February 2027, Bloomberg ECB Officials Are Ready to Raise Interest Rates in December, Financial Times Lagarde’s early departure triggers race to solve three-way ECB puzzle, The Globe and Mail Lagarde quits ECB early to speak on issues outside monetary policy, Euronews ‘I cannot remain neutral’: Lagarde finally explains her early ECB exit, Le Monde ECB President Christine Lagarde to step down early, Semafor European Central Bank chief Christine Lagarde to step down, The New York Times Christine Lagarde to Step Down as President of European Central Bank · see all

    In other languages: Jornal de Negócios Lagarde sai para ter "liberdade de intervenção" e garante que não haverá decisões do BCE "no limbo" (pt)

  7. PHP2Shell Won’t Be the Last Big AI Cybersecurity Risk

    Joe Weisenthal and Tracy Alloway / Bloomberg /

    Also: Odd Lots PHP2Shell Won't Be the Last Big AI Cybersecurity Risk

  8. Nigeria launches US minerals cooperation committee, rejects $700bn asset-sale claims

    bne IntelliNews /

  9. AI Darling Taiwan’s Blowout Growth Extends Run Unseen Since 1987

    Yian Lee and Chien-Hua Wan / Bloomberg /

  10. Big Tech’s US$750 billion AI bet collides with slowing growth in core businesses

    The Business Times /

    Also: Bloomberg Big Tech Earnings Stoke Fresh Unease Across Asian Chip Stocks, Financial Times Global tech rout deepens as US earnings stoke AI spending fears

  11. Private equity firm swoops on China Evergrande unit in rare win for creditors

    Financial Times /

    Also: Bloomberg PAG Agrees to Buy China Evergrande Unit for $514 Million

  12. Amazon gives Wall Street mixed financial picture in earnings report

    The Guardian /

    Also: Bloomberg Amazon Shares Drop After Spending Soars, E-Commerce Slows

    In other languages: Handelsblatt KI-Boom: Amazon profitiert von Cloud-Geschäft (de), Valor Econômico Números da Amazon no 3º trimestre evidenciam necessidade de mais capital, dizem analistas (pt)

  13. Grey’s next bet is making African trade less dependent on the dollar

    Emmanuel Nwosu / TechCabal /

  14. Two fears will decide the fate of Anthropic’s giant IPO

    Financial Times /

    Also: South China Morning Post As Anthropic eyes a mega-IPO, why are Chinese tech valuations so far behind?

    In other languages: Expansión Anthropic alerta: "Ni todo el sector asegurador" puede cubrir el riesgo de su IA (es)

  15. Ukraine Pauses Strikes on Russian Refineries After Pressure From U.S.

    Alexander Ward / The Wall Street Journal /

    Also: Kyiv Post Ukraine Pauses Strikes on Russian Refineries Under US Pressure – WSJ

  16. Electrocutions, disease and no pay: how workers risk exploitation in Europe’s datacentres

    Mei-Ling McNamara / The Guardian /

  17. BP’s profits surge to new record on high fuel prices

    Financial Times /

    Also: Bloomberg BP Profit Hits 18-Year High as Oil Refining Margins Surge

  18. Mint Explainer | What does the proposed India-Mexico preferential trade agreement mean for Indian exporters?

    Mint /

  19. EU announces two new drone technology hubs, backed by Ukrainian know-how

    Chris Powers / The Kyiv Independent /

  20. Investment plan reveals military chiefs already banking on massive hike in defence spending

    Sky News /

  21. Some of Africa’s most profitable banks are running on thin capital

    Mathieu Galtier / The Africa Report /

  22. Russian oil refinery reportedly attacked amid renewed Ukrainian strikes on energy infrastructure

    Tamara Nowakowsky / The Kyiv Independent /

  23. DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants

    Emmy Martin and Lauren McCarthy / The New York Times /

    Also: Financial Times DoorDash to acquire Instacart for $17bn, The Guardian DoorDash to buy Instacart for $17bn in major grocery delivery consolidation, Bloomberg DoorDash to Buy Rival Instacart in $17 Billion Deal

  24. How One Country Became the Unlikely Crossroads of the Global A.I. Boom

    Adam Satariano / The New York Times /

Earlier today

  1. Binance freezes assets after $6.3-billion heist, crypto industry’s biggest

    Mrinmay Dey and Vallari Srivastava / The Globe and Mail /

  2. Binance freezes more than $2.5 billion in assets amid suspected hack

    The Japan Times /

  3. Canada to take equity stake in AI firm

    Brendan Ruberry / Semafor /

  4. In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation

    Colby Smith / The New York Times /

  5. US-Owned Startup Plans $600 Million Malaysia Rare-Earth Refinery

    Danial Azhar / Bloomberg /