Crypto News

Binance has resumed withdrawals for ARB, ETH, USDT and USDC on Arbitrum, and for TRX and USDT on the TRON network. The exchange said it will restore withdrawals for additional assets and networks in stages after completing security checks. Binance had previously resumed withdrawals for DOGE and some assets on Optimism. The update signals a gradual return of network withdrawal services, but does not confirm that all affected withdrawals are available.

A whale identified as 0xC024 opened a 1x leveraged short of 6 million BULLA on Aster DEX, with an opening value of about $408,000. The position has an unrealized profit of approximately $396,000 and a reported ROI of 97.21%. The BULLA short is a notable single-trader position, but the report does not establish its effect on broader market prices or sentiment.

Binance has resumed USDT and USDC withdrawals on Ethereum and BNB Smart Chain in the first phase of a staged reopening. The exchange said the phase ran on November 1, 2026, from 06:00 to 09:00 UTC. Deposits remained open during the withdrawal freeze, and Binance said it would cover the financial impact of the breach.\n\nThe freeze followed an October 29 hot-wallet security incident. Binance’s October 30 update estimated the impact at about $6.3 billion and said early findings pointed to a compromised DevOps engineer’s laptop. The exchange reported no evidence that wallet private keys were exposed.\n\nBinance said coverage for stolen assets had reached about 95%, up from roughly 90% in its previous update. It said BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC were fully backed, while it was sourcing the remaining assets. Other withdrawal networks and tokens are being restored in stages, and processing delays may continue. Binance has not yet published its full technical post-mortem. The reopened USDT and USDC withdrawal routes restore key stablecoin exit options, but do not by themselves resolve questions about the breach or complete the broader reopening.

The Binance hack, reported to have stolen about $6.3 billion across 10 blockchains on October 29, has prompted US President Donald Trump to say he will review the case. He said the US could contact North Korean officials if investigators confirm Pyongyang’s involvement. The FBI has attributed the attack to TraderTraitor, a North Korea-linked group, and urged crypto firms to block associated wallet addresses; the attribution has not been independently confirmed in the reports. Binance halted withdrawals and said it would use its Secure Asset Fund for Users and corporate resources to cover losses, setting aside more than $6.34 billion. The exchange says this would cover roughly 90% of the stolen assets. Binance also worked with stablecoin issuers and partners to freeze about $2.7 billion, while reports cited as much as $3 billion frozen. Withdrawals were cautiously resumed by early November, following an earlier target to restore them within 45 hours. Some stolen funds were reportedly converted mainly into ETH. The Binance hack is far larger than the reported $1.5 billion Bybit theft in 2025. The incident has intensified concerns about exchange security, liquidity and geopolitical risk. Binance’s recovery measures and frozen funds could limit direct customer losses, but uncertainty around the stolen assets and any potential ETH sales may weigh on market confidence and short-term trading.

Binance says it used futures insurance funds, its SAFU emergency reserve and corporate treasury to help replace about $6.3 billion in cryptocurrency stolen in an October 29 breach. The exchange said it released only funds above required protection levels, but did not disclose how much each source contributed or the minimum balances for individual futures pools. Binance futures insurance funds cover losses when positions become bankrupt; if a pool cannot absorb a deficit, auto-deleveraging may close profitable positions on the opposing side. Public data showed about $1.85 billion across tracked Binance insurance funds on November 1, but that figure does not reveal how much was used or whether any pool is underfunded. Bitcoin withdrawals resumed, and Binance said it had replenished 95% of affected assets. The exchange expected to publish proof for its October 31 customer reserve snapshot by November 3. For traders, pool-level balances, possible company top-ups and further funding disclosures remain important indicators of risk and confidence in Binance.

NEAR Protocol’s HSP-029 governance proposal is in the voting stage. It proposes cutting NEAR’s annual issuance rate from 2.5% to 1.6%, changing the network’s token supply schedule. The available article text does not report the vote’s outcome or further details. Traders may monitor the governance decision for potential effects on NEAR’s future token supply and market sentiment.

Ripple expanded its institutional business in October, announcing deals and services spanning RLUSD stablecoin custody, payments, treasury management and prime brokerage. The company said its annualized product revenue run rate was nearing $900 million, with more than 1,700 institutions and businesses using its infrastructure. RLUSD also received investment-grade ratings from Moody’s, and the OCC gave final approval to Ripple National Trust Bank. Despite these developments, XRP fell during the month. After briefly approaching $1.55 from about $1.50, it dropped below $1.20 amid a broad crypto-market sell-off and ended October near $1.25. The article highlights a gap between Ripple’s business growth and XRP’s price performance: positive corporate news did not prevent XRP from declining.

The Premia Labs hack drained about $464,000, or 131 ETH, from the on-chain development firm behind derivatives exchange Kyan. Blockaid said the attacker manipulated Premia Labs vaults and used flash loans through fake trading pools to trigger the release of more than 100 ETH in liquidity. PeckShield said the funds were bridged from Arbitrum to Ethereum, then routed through NEAR Intents and Chainflip. The Premia Labs hack reflects a wider pattern of stolen crypto moving through DeFi lending and cross-chain swap platforms before being cashed out or shielded. These routes can make funds harder to trace and raise pressure on DeFi operators to help freeze stolen assets. The article also cites Chainalysis’ account of automated laundering linked to the Binance exploit, which involved repeatedly splitting and moving funds across addresses and swap venues. It reports that crypto hack losses reached a record $8.73 billion in 2026, with North Korea-linked threat actors responsible for nearly 90% of hacks.

A suspected Binance hack dominated crypto news, raising concerns about exchange security, custody and market stability. Binance said unauthorized withdrawals may have followed the compromise of a DevOps engineer’s laptop. Loss estimates range from $2.77 billion to $6.5 billion, with no final figure confirmed. The exchange said it would cover users’ losses and work to restore withdrawals; investigators traced the attacker’s use of EIP-7702 authorizations to move funds across eight chains. Arbitrum’s security council froze about $30.5 million linked to the incident, while Binance reported roughly $3 billion in frozen funds. The attacker reportedly sold tokens including UNI, ENA, PEPE, LINK, AAVE, ONDO and WLD for about 70,480 ETH. Aave temporarily froze DAO markets, and researchers warned that a Binance hot-wallet delegation remained active. The Binance hack puts exchange security and liquidity in focus, with potential for short-term volatility and spillover across crypto markets. Other developments highlighted institutional growth and custody risks. Kalshi raised $1 billion at a $40 billion valuation. Nasdaq-listed Datavault AI said it could not access 817.6 BTC, and its shares fell 50%. Coinbase reported $719 million in third-quarter net income, but about $715 million came from crypto investment gains; adjusted net income was $78 million, while operating income fell year on year. The DTCC also launched a tokenized-securities service linked to a custody network overseeing more than $114 trillion in assets. For traders, the week juxtaposed the Binance hack and corporate custody concerns with rising institutional interest in tokenization. ETH also fell below $2,200, while gold dropped below $4,000 an ounce, reinforcing attention to risk, liquidity and leveraged positions.

A Binance hacker is moving 970,500 SOL, worth about $95.9 million, to convert into BTC, according to blockchain monitoring platform Lookonchain. In the past hour, the Binance hacker transferred 487,000 SOL, valued at roughly $46.4 million, and is using Relay Protocol to swap the tokens. The reported conversion is ongoing; the source does not say that the full amount has been exchanged.

Bitcoin rebounded towards $78,000 on November 1 after falling to a six-week low near $76,100 in a sell-off linked to a reported $6.3bn Binance hack. The reported loss has not been independently verified. Binance said it had restored about 95% of affected assets and reopened Bitcoin withdrawals. Bitcoin rose about 1% in 24 hours but remained down roughly 3.7% over seven days, after retreating from around $85,000. Its market capitalisation reached about $1.56tn and dominance approached 60%; total crypto market value rose to between $2.62tn and $2.68tn in the two reports. Altcoins were mixed. Lighter (LIT) led major moves, gaining about 16–18% to above $3.10, while Ethereum and BNB edged higher. Solana and XRP were little changed in the later report; TRON fell nearly 5% in the earlier one. Smaller tokens were volatile: Dessa rose 68%, dKargo 34% and Powerledger 25%, while FUNToken and UnifAI Network fell 29.1% and 22.3%. The Bitcoin recovery suggests some buyers are returning, but its weekly decline and uneven altcoin trading leave the market vulnerable to further volatility. Traders are watching Binance’s restoration progress, whether Bitcoin can hold the $76,000–$77,000 support zone and whether it can reclaim $80,000. Analyst Ali Martinez also flagged INJ, SUI, NIGHT, PENGU and PROMPT after the sell-off.

Ripple released 1 billion XRP from escrow on November 1, 2026, in its scheduled monthly distribution. The XRP Ledger recorded two escrow-finish transactions at 00:00:02 UTC, each releasing 500 million XRP. The tokens came from the 55 billion XRP Ripple placed in escrow in 2017. The release confirms a planned supply event; the article does not specify how much XRP may be returned to escrow or enter the market.

Binance says it has covered more than 95% of the $6.34 billion in assets lost in a hack, with users’ major assets now fully backed. It used $581 million from its Secure Asset Fund for Users (SAFU), about $425 million from its Futures Insurance Fund, and funds from its corporate balance sheet. Binance says it will absorb the losses and plans to replenish SAFU to $1 billion. It did not specify how the remaining coverage will be funded. The exchange began phased withdrawals on 1 November 2026, initially supporting assets including BTC, ETH, USDT, USDC, ZEC and XRP across 15 networks. Binance warned that high traffic could cause delays; support for other networks will follow once operations are stable. It said it would use over-the-counter purchases to fully back the remaining assets. The FBI attributed the hack to North Korea-linked TraderTraitor and warned DeFi services involved in laundering the stolen funds to block them. Binance said funds frozen by its partners—reported separately at $3 billion—are not included in the amount it has covered and will be handled through separate legal channels.

A reporter asked Ripple CEO Brad Garlinghouse how central XRP is to the company as institutional interest and Ripple’s business expand around its RLUSD stablecoin. Crypto commentator VALE highlighted the exchange, arguing that Ripple’s broader growth does not necessarily create direct demand for XRP. Garlinghouse said Ripple’s payment business handled $13 trillion in transactions in 2025, but 99.9% of that volume did not use crypto rails or stablecoins. VALE said this raises questions about whether institutional activity translates into meaningful XRP usage, and pointed to XRP’s price performance as a concern. Community members disagreed over whether RLUSD and activity on the XRP Ledger create indirect demand for XRP through transaction fees and token burns. The discussion centers on the distinction between demand for Ripple’s services and direct institutional demand for XRP.

Kraken reported a 102.9% Bitcoin (BTC) reserve ratio in its latest proof-of-reserves disclosure, based on a snapshot dated June 30, 2026. The figure indicates that the reserves covered 102.9% of the BTC included in the report at that snapshot. Kraken said account holders do not need to take action; the disclosure includes no deadline or response requirement. The report documents the BTC reserve ratio at a specific point in time and does not, by itself, establish current balances.

Crypto commentator Anderson has challenged predictions that XRP could reach $1,000 or even $10,000. With about 60 billion XRP in circulation, those prices would imply market capitalisations of roughly $60 trillion and $600 trillion, respectively—far above global GDP of less than $120 trillion. Anderson says traders should distinguish possibility from probability. Some XRP community members argue that market capitalisation, calculated by multiplying circulating supply by the latest price, does not represent the amount of money invested or fully capture the potential value of a global settlement network. One commentator compared the XRP Ledger to internet infrastructure for transferring value, while others pointed to Ripple’s RLUSD expansion and settlement services as part of a broader payments ecosystem. These developments, however, do not prove any specific XRP price target. The debate highlights uncertainty over how to value XRP and whether real-world payment and settlement adoption could generate sustained demand. Competition from stablecoins, central bank digital currencies and rival payment networks remains a key risk. For traders, the extreme price forecasts are speculation rather than a confirmed catalyst; adoption and actual network usage are more relevant indicators to monitor.

Hedge funds have rapidly reversed their buying of AI stocks, selling in five consecutive sessions from 8 to 14 October and wiping out all their net purchases since the start of 2025. Goldman Sachs data show that over two weeks they cut about $20 billion in technology stocks, mainly by selling existing positions: they sold existing AI holdings 3.5 times faster than they opened new short positions. The retreat followed a broader reduction in risk exposure. Goldman said technology shares led equity outflows, while funds shifted towards healthcare and consumer staples. A Goldman-tracked basket of hedge-fund favourites fell 4.2% on 22 October, its biggest one-day drop since 2011. Separately, Morgan Stanley data cited by Steno Research showed hedge funds reduced overall equity exposure by about 7.8%, the largest decline in that series since 2016. Despite the sales, AI stocks still accounted for 26.1% of global single-stock net exposure, a high level by historical standards. Gross leverage remained near a five-year high even as net leverage fell sharply, and Goldman warned that further deleveraging could follow, particularly amid foreign outflows from Asian markets. For crypto traders, the hedge-fund retreat from AI stocks is a sign of weaker appetite for risk assets and could add to volatility across markets, including crypto, though the reports cite no direct cryptocurrency positions or price moves.

OKX says it launched automated penetration testing based on large language models (LLMs) more than a year ago. The exchange says it detects and responds to a range of cyberattacks every month, including advanced persistent threats targeting the crypto industry. Following recent security incidents at other exchanges, OKX says it will learn from those cases, conduct a comprehensive internal review and continue strengthening its security systems. The update highlights OKX’s ongoing investment in exchange security, but does not disclose new safeguards or incident details.

Binance has restored withdrawals for DOGE on the Dogecoin network and for ETH, USDT and USDC on Optimism. Binance had previously resumed withdrawals for selected assets on Bitcoin, Ethereum, BNB Smart Chain, XRP and Base. The update expands the networks and assets available for Binance withdrawals, but does not indicate a change to trading or deposit services.

Solana has reached the RSI 30 oversold threshold, while ether’s RSI is around 34, as traders weigh rebound prospects against risks from the reported Binance hack. The FBI attributed the theft of about $6.4 billion to North Korea’s TraderTraitor group and asked crypto services to block hundreds of linked wallets. More than 600 flagged addresses are on Ethereum, compared with just one on Solana. Investigators say the stolen funds are being moved mainly into ether for laundering through swaps, bridges and DeFi services. Stablecoin issuers have frozen more than $2.4 billion, and Binance says it has replenished 90% of the missing crypto and plans to resume withdrawals on Sunday, Nov. 1. Ether was near $2,270 and below its 50-day and 200-day moving averages, with resistance around $2,360 and support near $1,940. Solana traded around $95.55, also below both averages; its first rebound hurdle is near $100, with support around $77.84. The article sees Solana as more likely to bounce first because it is oversold and has less direct exposure to the stolen funds. However, further ether selling could weigh on the wider crypto market.

A wallet linked to the October 2026 Binance hack transferred 485,270 SOL, worth about $46 million, to a new address, according to Whale Alert. The batch represents roughly half of the 970,500 SOL traced to the breach, valued at about $96 million when stolen. The destination wallet has no known owner, and the transfer does not confirm that the funds have been sold. The Binance hack reportedly drained about $6.3 billion from hot wallets across roughly 10 blockchains. The FBI attributed the attack to TraderTraitor, a North Korean state-linked group. Binance said it would cover customer losses through its SAFU fund; the article says 90–95% of losses have been covered, although most stolen assets remain with the attackers. The movement could raise short-term selling concerns for SOL if the funds reach exchanges or swap services. Traders are watching the remaining traced SOL, potential exchange transfers and any law-enforcement seizures.

TRON (TRX) futures open interest fell 12.61% in 24 hours to about $313.7 million across seven exchanges, according to data refreshed around 5:00 p.m. Korea time on November 1, 2026, with a 15-minute reporting lag. Open interest measures outstanding futures contracts that have not been settled. The decline shows that derivatives positions were reduced, but it does not by itself indicate whether traders closed bullish or bearish bets. TRON futures open interest may help traders track changes in market participation and leverage, while price action and funding data are needed to assess direction.

Binance has reopened Bitcoin (BTC) withdrawals as the first step in a phased return of services following a hack involving about $6.3 billion in funds. The exchange suspended withdrawals after the attack on Thursday; the FBI has blamed North Korean operatives. Binance says it will restore withdrawals asset by asset, prioritising networks according to recent user demand and completing security and stability checks before reopening each one. The exchange warned users to expect congestion, slower processing and temporary delays during the rollout. It said users can check its withdrawal and network-status pages for availability. Cointelegraph previously reported that Binance had replenished 90% of the assets stolen, up from 80% the day before. The staged reopening may ease concerns about access to funds, but the scale of the hack and the gradual restoration of withdrawals remain risks for Binance users and broader crypto-market confidence.

An address labelled as belonging to the Binance hacker transferred 485,270 SOL, worth about $46.23 million, to another address, according to Arkham monitoring. The transfer was reported shortly before the article was published. The destination and purpose of the transaction were not specified. The Binance hacker address movement may draw attention to potential asset-laundering activity and could increase scrutiny of on-chain flows, but the transfer alone does not confirm that the SOL has been sold.

Binance has begun restoring withdrawals in stages, reopening selected assets on Bitcoin, Ethereum, BNB Smart Chain (BSC), the XRP Ledger and Base. Supported withdrawals include BTC; ETH, USDT and USDC on Ethereum; BNB, USDT and USDC on BSC; XRP; and ETH and USDC on Base. The later update confirms the supported assets and networks but reports no further expansion. Binance says it will resume more withdrawals after completing security checks and will share updates through official channels. The staged Binance withdrawal resumption restores access to key assets, while other tokens and networks may remain restricted.

Bitcoin closed October at $77,430, falling short of expectations for a so-called “Uptober” rally. Crypto analyst Plan B said Bitcoin’s relative strength index (RSI) has remained above 50 for three consecutive months, a technical signal he believes could indicate that a new bull market is taking shape. The Bitcoin RSI reading may encourage bullish traders, but it does not confirm a sustained uptrend on its own.

Binance has resumed withdrawals in stages after an October 29 hot-wallet breach reportedly drained about $6.3 billion across multiple networks. Bitcoin withdrawals returned first; Binance has since restored USDC, USDT and ETH withdrawals on Ethereum, as well as USDC, USDT and BNB withdrawals on BNB Smart Chain. The reopening has expanded to 15 networks, though other routes remain under security review and high demand may cause delays. Binance says it has allocated more than $6.34 billion in corporate funds to support customer balances and replenished about 95% of affected assets. It says the remaining shortfall is mainly less-liquid cryptocurrencies, customer balances are fully backed and users will not bear the losses. The exchange says partners have frozen or located roughly $3 billion in stolen assets. Deposits remain open, and Binance is preparing a detailed incident report. The FBI has attributed the attack to North Korea’s TraderTraitor group. Binance is working with law enforcement and blockchain firms on the investigation. The staged return of Binance withdrawals improves access to funds, but the reported scale of the breach and ongoing network restrictions remain security and liquidity risks for traders to monitor.

Binance has begun restoring withdrawals in stages after a major hack, while the FBI attributes the theft of more than $6bn in cryptocurrency to North Korean hackers linked to the TraderTraitor campaign. The FBI says attackers converted much of the stolen crypto into ETH, published hundreds of associated wallet addresses and urged crypto services to block related transactions. It warned that funds could move through DeFi platforms and instant-swap services. Binance planned to reopen withdrawals across 15 networks, including BTC, ETH, SOL and BNB Smart Chain, with the first phase scheduled between 06:00 and 09:00 UTC. The exchange warned of possible delays. Updates gave differing figures for asset recovery: one said Binance had replenished 95% of affected assets, while another put the figure at about 90%. Binance said major balances were fully backed, pledged to absorb losses rather than pass them to users, updated its proof-of-reserves wallet addresses and plans to publish an incident report. The Binance hack has intensified scrutiny of exchange security and crypto laundering. One report counted 56 major crypto hacks in October, with estimated losses of $6.48bn, most of which it attributed to this incident. For traders, the staged withdrawal restart may ease immediate concerns, but delays, further movements of stolen funds and liquidity conditions remain key risks. The FBI has called for faster coordination across crypto services, and US President Donald Trump said he would speak with North Korea about the incident.

Robot valuations are facing greater scrutiny as investors weigh ambitious growth forecasts against current revenue and profits. Physical Intelligence, a US robotics AI start-up with no revenue, is reportedly seeking at least $1 billion at a valuation of about $20 billion. Its appeal rests on developing general-purpose AI models that can work across different robot hardware, but commercial pricing, deployment reliability and customer demand remain unproven. China’s Unitree Robotics has demonstrated early commercial traction, reporting revenue of 1.817 billion yuan for the first three quarters and selling 5,215 humanoid robots in 2025. Yet its market value was about 267.9 billion yuan on October 29—roughly 111 times annualised nine-month revenue. Third-quarter net profit fell 17.37% year on year, while operating cash flow also declined. Unitree has warned that the humanoid robotics industry remains at an early stage and that delays in mass adoption could lead to valuation corrections. The article links volatile public-market pricing to Unitree’s small freely tradable share pool, while private start-ups can see valuations rise through successive funding rounds without established revenues. Although robotics investment remains strong, reports of stricter IPO scrutiny, lower private-market valuations and discounted sales of existing shares point to a more cautious funding climate. For traders, the central issue is whether commercial deployment and recurring revenue can catch up with elevated robot valuations.