Binance reports $6.3B breach as Fed holds rates and CFTC advances crypto registration

Binance disclosed a $6.3 billion breach and said it will cover the resulting losses, a major security and trust event for the largest crypto exchange. Separately, the Federal Reserve held interest rates steady, and the CFTC advanced plans for voluntary registration of crypto exchanges. Traders will weigh the exchange's loss exposure against a steadier macro backdrop and a clearer US regulatory path.