Bitcoin ETFs Hit by $643M Selloff as Binance Hack Shakes Crypto

On this episode of CoinDesk’s Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by co-host Tim Grant, Co-Founder and CEO of TensorX, as crypto reckons with the largest hack in its history. Ari Redbord, Global Head of Policy at TRM Labs, breaks down the roughly $6.4 billion drained from Binance across 10 blockchains and what it means for exchange security. Rich Widmann, Director of Digital Assets Strategy at Google Cloud, explains the newly unveiled Google Multi-Party Compute custody system, and whether it could have stopped the Binance breach. Plus, Tim Grant unpacks TensorX’s push into sovereign AI compute, the rise of “neoclouds,” and the leverage risks hanging over the GPU buildout. - Learn more at bullish.com. - Register for Consensus Hong Kong 2027 (February 1-3) and Consensus Miami 2027 (May 4-6) at https://events.coindesk.com/. - Learn more about CoinDesk Data & Indices at https://indices.coindesk.com/institutions. - Chapters: 00:00 Welcome to Public Keys 00:32 Morgan Stanley Downgrades Coinbase to $120 02:26 Binance Hit by Crypto's Largest Hack 02:53 TRM Labs' Ari Redbord on the $6.4B Heist 03:32 "The Largest Bank Robbery in Human History" 05:33 Midterms, GENIUS and CLARITY in Focus 08:41 How the Breach Happened and Hardening Cyber 11:58 Bitcoin and Ethereum ETFs See Outflows 12:55 Tim Grant on Flows and Institutional Risk 16:47 Private Keys, Crypto's Weak Point 17:15 Google's Rich Widmann on Multi-Party Compute 21:30 The Quantum and AI Threat to Custody 23:51 Could MPC Have Stopped the Binance Hack? 27:25 Tim Grant on TensorX and Sovereign AI 32:45 GPUs, Neoclouds and the CoreWeave Risk - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj