A reported $6.3 billion breach at Binance, described as the largest crypto heist on record, has renewed concerns about digital-asset security. Binance has located about $3 billion in affected assets and pledged to cover losses. The incident joins major attacks on Bybit, Ronin Network, Wormhole and other platforms, highlighting persistent vulnerabilities across exchanges, wallets, blockchain bridges and DeFi services.
Wall Street’s leading alternative asset managers are ramping up investments in AI infrastructure, betting on long-term leases and creditworthy tenants to secure predictable returns. However, rising debt levels among neoclouds and concerns over AI spending returns are bringing private credit risks into focus.
Amazon shares fell more than 9% after its third-quarter revenue and earnings missed expectations, while heavy AI investment pushed free cash flow into negative territory. AWS delivered strong growth, but cautious holiday-quarter guidance and plans for about $220 billion in 2026 capital expenditure heightened concerns over spending and future returns.
Bitcoin fell more than 4% to a six-week low below $78,000, while Ether and BNB also slumped after a reported $6.3 billion security breach at Binance rattled crypto markets. Analysts flagged key support levels and advised investors against panic selling or aggressive dip-buying, favouring staggered entries and smaller positions.
Coal India shares fell 3% despite a 57% year-on-year rise in Q2 FY27 net profit to Rs 6,547 crore. Jefferies and JM Financial cut their target prices to Rs 460 and Rs 438, respectively, while Motilal Oswal retained its Buy rating with a Rs 450 target, citing a potential volume recovery.
Shares of Alphabet, Amazon and Intel plunged on Thursday as investors fretted over rising AI spending, weakening cash flows and a subdued outlook. Alphabet shares fell over 13% after its Q3 results missed Wall Street estimates, with slowing search advertising growth and higher AI investments weighing on sentiment.
Equitas Small Finance Bank shares plunged 27% in two sessions after CEO and founder PN Vasudevan announced his resignation over a perceived conflict involving his daughter’s NBFC.
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