Binance’s $6.3B breach, Fed rate pause, CFTC plans | Weekly recap

In this week’s edition of the weekly recap, Binance has reported a $6.3 billion breach, the Federal Reserve has held interest rates steady, and the CFTC has advanced plans for voluntary crypto exchange registration. Binance pledged to cover customer losses after reporting a $6.3 billion security breach. The Fed held rates at 3.75%–4.00%, with two officials voting for another hike. The CFTC continued developing voluntary exchange registration while Congress’s market-structure legislation remained unfinished. Coinbase reported $719 million in quarterly profit, largely supported by unrealized cryptocurrency investment gains.