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USDC withdrawal attempts on Initia failed after an attacker depleted the reserves needed to cash out tokens held on the blockchain network, according to Bitquery’s investigation of the October 23 exploit.The Noble blockchain held the USDC reserve backing representations of the stablecoin on Initia. Bitquery found that this reserve fell from about $1 million before the cash-outs to an intraday low of $63 at 15:37 UTC on October 23. It reported roughly $24,000 at its later 18:52 UTC check that day.The firm counted 55 failed ordinary USDC withdrawal attempts before the halt, most from one bot repeatedly submitting the same…

In brief Six more companies, including Wells Fargo, Cisco, and Marvell, have objected to trading of their shares on OKXICE TSV, according to its Oct. 23 notice. That brings the total to 22, up from nine on Oct. 15, though the notices don’t explain the companies’ reasons or what the objections do. The notice also discloses risks, including no circuit breakers beyond halts, no protections against transaction reordering, and smart contract upgrades without advance notice. The list of companies that don’t want their shares traded on OKX and ICE’s planned tokenized stock venue keeps growing.Wells Fargo, Cisco Systems, and Marvell…

In brief U.S. spot Bitcoin ETFs shed $137.9 million on Friday but ended the week up about $301 million, snapping a two-week losing streak. The funds remain down about $314 million for October, while Ethereum ETFs are down roughly $1.18 billion for the month. Bitcoin slipped 1.1% to about $80,490, and Myriad traders raised the odds of a drop to $77,500 this month to 43%. Bitcoin ETFs ended a choppy week in the green, but only just.U.S. spot Bitcoin ETFs shed $137.9 million on Friday, according to Decrypt’s ETF tracker, their second straight day of outflows. The two-day slide totaled…