Welcome to Markets Desk, your midday read on what's moving money and markets.
Binance is back in the spotlight after recording three point six four billion dollars in net outflows following the resumption of withdrawals in the wake of a six point three billion dollar hack. That figure represents roughly two point one percent of the exchange's total assets, and the scale of the exit underscores just how quickly confidence can erode on a major crypto platform when security fails.
Shifting to equities, Husqvarna and Rithm Property Trust are both seeing meaningful analyst target cuts. Husqvarna's consensus price target has been trimmed by more than fifteen percent to seven dollars and seventeen cents, while Rithm Property Trust saw its target fall nearly sixteen percent to eighteen dollars and eighty-seven cents. Both revisions signal analysts are reassessing near-term fundamentals across outdoor equipment and property lending alike.
Meanwhile, Australian regulators are drawing a hard line on prediction markets. The Australian Securities and Investments Commission says it is not currently convinced these products serve the public interest for retail clients, warning that offshore platforms leave users without legal protections. It's a posture that could shape how other regulators approach the fast-growing space.
That's the tape. Markets Desk, signing off the floor.
