Strive CEO says Bitcoin held up better than expected after $6.3 billion Binance hack

Bitcoin declined about 4% to near $77,400 following the $6.3 billion Binance hack on Thursday, with Strive CEO Matt Cole stating the breach did not undermine the cryptocurrency's long-term investment thesis. Cole compared the attack to a bank robbery rather than a network failure, noting Bitcoin's decline was less severe than expected given the scale of the breach and broader market weakness. Glassnode data shows the hack was the largest on record, exceeding the combined losses of the next nine largest crypto exploits.