Intel, Reddit among market cap stock movers on Friday

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• Chainalysis says Binance hackers used automated money-laundering patterns not seen before; Elliptic: almost all of the $6.3B was taken in the first 30 minutes (Financial Times)

  North Korean cybercriminals executed the largest financial theft in history by targeting cryptocurrency exchange Binance. Blockchain researchers observed that the perpetrators rapidly extracted the funds before deploying novel, highly sophisticated techniques to hide the illicit capital. This unprecedented breach highlights a major evolution in the methods utilized during massive crypto-related offenses.

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• Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran

  Heightened regional conflict across the Middle East is rattling energy markets following maritime and infrastructure strikes near key trade routes. Attacks by Houthi militants and a limpet mine incident in the Strait of Hormuz have triggered diplomatic evacuations and revived severe supply disruption fears. These volatile geopolitical tensions continue to outweigh concurrent increases in American drilling activity and Saudi export volumes.

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• Nasdaq 100 Hits Third Correction of 2026 on Unwinding Tech Stock Bets

  Heavy losses across major technology shares have driven the tech-heavy benchmark down more than 10% from its recent peak following a 4.5% Friday slide. The selloff reflects mounting investor skepticism over massive artificial intelligence expenditures as leading companies increasingly transition from strong cash generators into heavy borrowers. This turbulence marks the most severe market instability seen since the inflation-driven downturn of 2022.

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