Crypto News

Binance recorded $3.64 billion in net outflows during the first 9.5 hours after it began restoring customer withdrawals on November 1. Withdrawals resumed in phases from 06:00 UTC, and by 12:36 UTC Binance said all 15 affected networks and assets were available again. DefiLlama separately estimated about $4.05 billion in net outflows over a 24-hour period. The withdrawals followed a reported $6.3 billion hot-wallet security breach. Binance said it had replaced 95% of affected assets using company reserves and its Secure Asset Fund for Users (SAFU), while working with blockchain partners to trace or freeze the stolen funds; around $3 billion was reportedly frozen. The remaining 5%, mainly less-liquid tokens, could take longer to replace. The outflows represented about 2.1% of Binance’s reported $171 billion in assets. Withdrawals may indicate users are moving funds off Binance amid security concerns, but do not by themselves show that customers are selling. The incident also coincided with Bitcoin falling below $77,000, about $1.53 billion in crypto liquidations and an 8% decline in BNB. Traders may watch Binance outflows, recovery updates and market liquidity for signs of continuing stress.

XRP traded at $1.25 on November 1, up 0.38% in 24 hours, despite reports of a major Binance security incident. Bitcoin also edged up 0.48% to $77,901. The reported attack and related claims—including $6.3 billion in withdrawals and user reimbursements—were not independently verified, and the article noted a lack of official statements from Binance or US authorities. Crypto analyst DonAlt said the limited selling after negative news could indicate market resilience, describing the setup as difficult to view bearishly. He contrasted the reaction with the 2022 FTX collapse, while cautioning that past recoveries do not guarantee future gains. Longer-term performance remained weak: XRP was down 18.52% over 30 days and 49.99% over a year, while Bitcoin had lost 9.77% over 30 days. The Fear & Greed Index stood at 34, indicating fear. Traders are watching for verified updates and price action; the incident’s actual market impact remains unclear.

Brazil’s crypto licensing deadline has revealed a sharp drop in the number of firms seeking to operate in the country: about 40 companies applied by October 30, versus an earlier estimate of 150 to 200. Applicants can continue serving customers while the Central Bank of Brazil reviews their cases, a process that could take up to two years. Firms that did not apply have one month to wind down, and from November 6 banks and payment providers will be barred from processing transactions for unlicensed crypto businesses. Brazil crypto licensing rules require daily reporting on client custody, monthly proof of reserves, audited financial statements and anti-money-laundering controls. Capital requirements range from 10.8 million to 37.2 million reais, with additional costs for audits and technical certification. Lawyers say the burden could push smaller exchanges out and concentrate the market among larger applicants, including Binance and Itaú. Unresolved requirements for self-custody wallets, transfer reporting and some international transactions add uncertainty. The rules could reshape access to Brazil’s crypto market, despite the country’s leading grassroots adoption and $252.5 billion in crypto activity from July 2025 to June 2026, according to Chainalysis.

BNB traded at $714.24 on November 1, 2026, up 1.61% in 24 hours but down 3.22% over seven days, according to CoinGecko. Its price remained well below its October 2025 all-time high of $1,369.99. The market was weighing Binance’s reported $6.3 billion security incident against a speculative scenario generated by Anthropic’s Claude AI. The scenario imagines institutions using BNB Chain to settle tokenized real-world assets, which could increase network activity and demand for BNB. It is not a forecast: no institutional commitments or transaction volumes have been confirmed, and no price target was provided. Binance said the incident was linked to a DevOps engineer’s laptop and reported no evidence that private keys were exposed. About $3 billion was reportedly frozen with help from Circle, Tether, Ripple and Arbitrum. Binance said SAFU and corporate reserves would cover user losses. Attribution to North Korean actors remains unconfirmed. Traders are watching $700 as a key BNB support level, with further support around $680–$700 and $640–$660. Resistance is cited at $780–$820. The article presents the hack and unverified adoption scenario as separate factors; both add uncertainty to BNB’s outlook.

China’s embodied AI sector raised 93.5 billion yuan, or about $13 billion, in the first half of 2026, a fivefold increase from the same period in 2025. The funding came through 322 financing rounds, as investors backed developers seeking to make humanoid robots useful for work rather than simply improving their physical capabilities. The industry’s focus is shifting from robot hardware to embodied AI: systems that help machines perceive their surroundings, learn tasks and perform them with less human guidance. At the August 2026 World Robot Conference in Beijing, Shenzhen-based X Square Robot demonstrated humanoids doing household chores. Its WALL-B model targets household and logistics applications. Funding cooled in the second half of the year, with third-quarter totals below the first-half average. Investors have become more attentive to company valuations and the ability to turn prototypes into commercial products. Unitree Robotics and AgiBot have reported revenue growth, offering early signs of demand. China is estimated to have accounted for 80% to 97% of global humanoid robot shipments across 2025 and 2026, supported by its manufacturing capacity and data resources. The funding surge and subsequent slowdown suggest the embodied AI sector is entering a more selective phase, where commercial performance may matter more than demonstrations.

SK Hynix expects memory chip demand to outstrip supply through 2030, with 2027 potentially the worst year for shortages. The warning comes as AI data centres drive demand for DRAM, high-bandwidth memory (HBM) and enterprise SSDs. For 2027, the company forecasts DRAM bit demand growth in the mid-20% range and NAND growth in the high teens. HBM could take nearly 30% of industry DRAM wafer capacity, up from about 20% today, limiting supply for conventional DRAM. The newer update adds record third-quarter revenue of 104.6 trillion won, driven by HBM, server DRAM and enterprise SSDs. SK Hynix says long-term agreements with 14 customers, including major cloud providers, cover more than half of its expected 2027 and 2028 production; earlier estimates put coverage at 70–80% for planned 2027 DRAM and NAND output, with nearly all HBM production committed. The company is expanding capacity in South Korea and the US, expects its M15X fab to reach full capacity by the end of 2026, and forecasts HBM4 will surpass HBM3E in revenue and volume by then. Long equipment lead times and complex manufacturing mean new capacity may not quickly ease the shortage. For crypto traders, this is an indirect AI-infrastructure signal, not a direct token catalyst. Persistent memory constraints could raise data-centre costs and affect equipment availability, with possible knock-on effects for crypto mining hardware. The reports point to no direct change in cryptocurrency supply or trading conditions; capacity expansion, HBM allocation and broader risk sentiment are the main factors to watch.

The Binance hack, in which North Korean-linked attackers stole $6.3 billion, prompted a sharp but limited withdrawal wave when Binance reopened withdrawals on 15 blockchain networks. The exchange reported $4.65 billion in withdrawals and $1 billion in deposits, for a net outflow of $3.64 billion. Binance said it had replenished about 95% of the stolen funds using corporate reserves, insurance and its SAFU fund. Authorities and stablecoin issuers froze an estimated $2.84 billion in assets. The FBI also urged THORChain node operators and other crypto services to block transactions linked to the theft. THORChain co-founder JP Thor opposed halting the protocol, arguing that doing so would undermine decentralization. Its RUNE token rose 13% amid expectations of increased swap activity. The Binance hack weighed on crypto-related stocks and broader markets. Bitcoin fell to about $76,500 before recovering to $77,745, while BTC and ETH holdings linked to the attackers raised concerns about potential selling pressure. The incident has renewed scrutiny of exchange security, cross-chain platforms and decentralized exchanges.

KuCoin announced on October 29 that it is ending all products and services for users in Russia and Belarus, citing legal and regulatory requirements without naming a specific rule. Affected customers will receive account-specific instructions and deadlines to close positions and withdraw assets; KuCoin has not announced a universal withdrawal deadline. Users who have not received a notice are told they do not need to act based on the announcement alone. Customers may need to settle open orders, loans or other positions before withdrawing, and should follow official account communications. The exit follows similar service withdrawals by MEXC and Bitget, reducing offshore exchange options in the two countries. Separately, the Bank of Russia gave registered crypto exchange operators and digital depositories 90 days to join a self-regulatory organization; the parties have not linked this requirement to KuCoin’s decision. The KuCoin withdrawal changes access to a trading venue, but does not itself affect the underlying networks or transferability of users’ assets.

Bitcoin mining revenue rose to $1.215 billion in October, its highest monthly total since November 2025, even as BTC fell 7.3%. But higher total Bitcoin mining revenue did not mean stronger profitability for every miner: hashprice, which measures expected revenue per unit of computing power, fell 17.54% in 30 days, from $40.24 to $33.18 per PH/s per day. The decline followed market turmoil after reports of a Binance hack. Bitcoin’s network hashrate was 1,082.24 EH/s, and average block times were close to 9 minutes 52 seconds. If low hashprice persists, less efficient machines could shut down; subsequent mining difficulty adjustments may reduce pressure on operators still online. The latest report reiterates the contrast between record-level monthly revenue and weakening per-unit returns, but gives no additional figures or explanation for the hashprice decline. November’s data will offer a clearer signal of miner resilience.

The crypto market lost 3.3% of its total market capitalisation over the week. Bitcoin (BTC) and Ethereum (ETH) each fell about 4%. Reports of a $6.3 billion Binance security breach on 30 October rattled sentiment and pushed BTC below $80,000, while weakness in tech stocks and broader risk aversion added pressure. The breach claim is presented as a report, not a confirmed finding. Among major altcoins, Hyperliquid (HYPE) gained 16%, supported by a partnership between Intercontinental Exchange and Trade[XYZ] to develop regulated, round-the-clock perpetual futures markets in the US using Hyperliquid infrastructure. HYPE approached the $100 level, with $87 identified as a potential support area. Pepe (PEPE) rose nearly 15% as reported accumulation by wallets linked to Justin Sun and open interest of about $400 million pointed to renewed trading activity. Quant (QNT) advanced 10.5%; traders are watching resistance near $202 and support around $194–$196. Losses were concentrated in smaller or weaker tokens. Bitway (BTW) fell nearly 35%, Rain (RAIN) dropped about 25%, and Worldcoin (WLD) lost almost 15%. A transfer of about 19.7 million WLD—reported to be worth $10 million—to exchanges raised concern about potential selling. Overall, crypto market performance remained fragile, with sharp divergence between select altcoin rallies and broad risk-off pressure.

Gold ended October at $3,875 an ounce, its worst monthly performance since the 2008 financial crisis. The gold price fell 3.6% in Friday’s final session after breaking below support near $3,970 and settling under $3,886, a low last recorded in October 2025. Saxo Bank’s Ole Hansen warned that the breakdown could leave gold vulnerable to further losses. Traders will be watching whether the gold price can reclaim the broken levels or whether selling pressure continues.

BTCPay Server is investigating reports that attackers transferred funds from a hot wallet. The team has urged operators to shut down their instances immediately using ./btcpay-down.sh. The cause of the attack, the amount of funds involved and the number of affected instances remain unclear. The incident highlights security risks for cryptocurrency payment services, but its broader market impact is not yet known.

Bloomberg Intelligence strategist Mike McGlone says Bitcoin’s performance against long-term US Treasury bonds could offer a warning signal for crypto markets. The IBIT/TLT ratio, comparing BlackRock’s spot Bitcoin ETF with the long-term Treasury ETF, stood at 81 on October 30, down 19% from its end-2024 baseline of 100. It has not held above that level since the fourth quarter of 2025. McGlone also noted that IBIT is typically about four times as volatile as TLT. Bitcoin traded at $78,101 on November 1, 2026, up 1% over 24 hours but down 9.25% over 30 days. The Crypto Fear & Greed Index was 34, indicating fear. McGlone said continued Bitcoin weakness below $80,000 could raise concerns about the wider crypto market, but framed this as a warning rather than a forecast. The IBIT/TLT ratio measures relative ETF performance; it does not directly show Bitcoin’s dollar value or explain why the funds have moved differently. Traders are watching both the $80,000 Bitcoin level and the ratio’s 100 baseline for signs of market direction.

Ripple’s RLUSD stablecoin terms limit direct redemption at $1 to customers with an approved relationship with the issuer. Simply holding RLUSD or buying it on a cryptocurrency exchange does not qualify a user for direct redemption. The restriction distinguishes token ownership from access to the issuer’s redemption process. It may matter to traders assessing RLUSD liquidity and how they can exit positions, particularly during periods of market stress. The article does not provide details on the approval process or report any change to RLUSD’s peg.

Xora Finance founder Joren Lundgren says his confidence in XRP’s long-term outlook has never been higher after holding the token for 10 years. He points to regulatory progress and growing institutional interest, though XRP holders continue to debate the token’s utility, its relationship with Bitcoin and Ethereum, and the role of Ripple’s RLUSD stablecoin. At Ripple Swell 2026 in New York, held from 27 to 29 October, Ripple reportedly received final approval from the US Office of the Comptroller of the Currency to establish Ripple National Trust Bank. The bank is expected to manage RLUSD reserves and offer digital-asset custody. Robinhood plans to use RLUSD on the XRP Ledger for institutional settlements, while BNY is expanding its tokenised-asset activity on XRPL. US Treasury Secretary Scott Bessent also addressed the conference. The announcements may support the long-term adoption case for XRP and its ecosystem, but they do not guarantee direct or immediate demand for XRP. The reports provide no new XRP price data, so traders may look for evidence of actual XRP use, further regulatory developments and broader market direction before drawing conclusions.

Casinos in Sihanoukville, Cambodia, received about $1.07 billion in cryptocurrency from January 1 to September 7, 2026, despite a government crackdown on scam compounds and US sanctions, according to TRM Labs. The Cambodia casino crypto flows involved 34 casinos, with $687 million—about 64% of the total—going to casinos linked to networks designated by the US Treasury’s OFAC. USDT on the TRON blockchain accounted for 99.9% of the funds received. TRM cited low fees, liquidity and widespread regional use as reasons for its popularity. Monthly inflows fell from an average of $148 million between January and May to about $95 million in July and August. However, investigators cautioned that operators’ frequent wallet changes may conceal some activity, so the decline in Cambodia casino crypto flows may be understated. Cambodia revoked 18 casino licenses and suspended nine on September 8. Despite the enforcement measures and signs of reduced activity in the city, crypto-to-cash services remain available at casinos and local businesses, TRM reported.

CoinGecko’s snapshot timestamped November 1, 2026, at 01:13 UTC puts Litecoin (LTC) at $55.72, up 0.29% in 24 hours but down 2.2% over the week and 18.14% in 30 days. Litecoin has fallen 41.56% over the past year. Its market capitalisation was about $4.33 billion, ranking it 26th among listed digital assets. Twenty-four-hour trading volume reached $152.96 million, while the price ranged from $54.54 to $56.14. Circulating supply was 77.78 million LTC, against a maximum supply of 84 million. The figures are a timestamped market snapshot, not a forecast or trading recommendation. The article provides no new information about Litecoin’s network, development or adoption.

HTX has stopped serving UK customers after agreeing to High Court undertakings in a dispute with the Financial Conduct Authority (FCA) over crypto promotions. HTX cannot knowingly promote crypto services unlawfully to UK consumers, register new users, accept deposits or actively solicit customers in the country. Existing customers should follow HTX’s official guidance on handling remaining assets. The Financial Times reported that HTX gave customers 48 hours to withdraw, but the FCA set no universal deadline and did not guarantee immediate processing. The settlement is not an admission of liability or wrongdoing by Huobi Global or any other party. The case highlights the importance of jurisdiction-specific rules for crypto exchange marketing and access. HTX’s UK exit limits its local reach, but is unlikely by itself to materially affect the wider crypto market.

Decentralized exchanges (DEXs) reached a record 23.2% share of combined spot trading volume on centralized exchanges (CEXs), including Binance and Coinbase. Their share has risen more than 1,100% in five years and doubled between 2024 and 2025. However, the shift reflects relative resilience, not rising DEX activity: DEX volume fell 55% year on year, from $588 billion in 2025 to $262 billion in 2026, while CEX trading declined more sharply. Uniswap and PancakeSwap accounted for 36% of DEX spot volume. Some analysts expect recent security incidents, including a reported $6.3 billion Binance hack, to encourage more trading on-chain. Hyperliquid’s share of aggregate CEX volume rose from 8.0% to 8.3% during the incident. But the trend is not conclusive: DEX users face their own security risks, and decentralized platforms may not compensate users after exploits. Blockaid also flagged attacks targeting the front ends of 12 DeFi projects. Traders are watching whether security concerns shift activity to DEXs or reinforce demand for centralized platforms.

Anthropic’s planned IPO is drawing attention to the scale and cost of the AI boom. The company filed its S-1 on October 26, 2026, and plans to list on Nasdaq under ticker ANT. Investor marketing is expected to begin the week of November 9, with trading anticipated the following week. A reported valuation of $1.5 trillion to $2 trillion and a possible $100 billion fundraising target remain projections; the filing does not specify a final share count or price range. At the projected valuation, the founders’ combined roughly 10% stake could be worth $150 billion to $200 billion. Anthropic reported first-half 2026 revenue of $16.3 billion, up 1,300% year over year, and said it recorded its first quarterly operating profit in Q2. It also reported an $80.7 billion net loss, largely attributed to non-cash, valuation-related accounting adjustments. Its prospectus describes more than $500 billion in planned compute and infrastructure commitments. The founders’ Class F shares carry 50.1% of voting power on key matters; their pledge to give 80% of their holdings to philanthropy is revocable. Commentary linking the IPO to greater influence for Effective Altruism groups is opinion, not a filing-confirmed conclusion. The Anthropic IPO will test public-market appetite for high-growth, loss-making AI companies and highlight the sector’s infrastructure costs and governance risks. It is not a direct cryptocurrency catalyst, though investor reactions to large technology listings could affect broader risk sentiment. Traders should watch the final pricing, fundraising terms, IPO performance and wider tech-market conditions.

Curve has launched its native StableSwap on the Stellar mainnet, marking the protocol’s first deployment on a non-EVM blockchain. The launch enables permissionless liquidity pools and swaps for compatible assets. Curve StableSwap could expand stablecoin trading and DeFi liquidity options on Stellar, but the announcement provided no figures for pool size, trading volume or user activity. The market impact remains uncertain until adoption data emerges.

Binance has begun restoring cryptocurrency withdrawals in phases after suspending them following a reported $6.3 billion hot-wallet security breach. The first phase was scheduled to begin between 06:00 and 09:00 UTC on November 1, covering 15 blockchain networks, including Bitcoin, Ethereum, XRP Ledger, BNB Chain, Solana, Tron and Dogecoin. Binance cautioned that assets may not become available at the same time or on every network; deposits continued during the suspension. Bitcoin withdrawals were among the first to return, with support also being restored for assets including BTC, ETH, BNB, SOL, XRP, DOGE, ZEC, USDT and USDC. Users may still face delays as Binance completes security checks. Binance said it had recovered or replaced about 95% of affected assets, up from 90% in its previous update, and reported full reserves for several major tokens. The figures have not been independently audited, and the exchange has not specified the remaining shortfall, which it described as less-liquid tokens. Binance said it would cover losses using its SAFU fund, futures insurance fund and corporate treasury, with no financial impact on customers. The FBI attributed the attack to North Korea-linked group TraderTraitor and urged crypto businesses to block transactions linked to identified wallets. At 08:13 UTC on November 1, several major tokens were modestly higher while SOL was slightly lower; the Fear & Greed Index was 34, in the “Fear” zone. The snapshots do not show that Binance withdrawals caused the price moves. Traders are likely to monitor withdrawal access, further security disclosures, user outflows and volatility as Binance continues its recovery.

The cryptocurrency market lost 10% in October, with total market capitalization falling from $3 trillion to $2.7 trillion. A Binance-related hack and broader market weakness added to selling pressure. Bitcoin ended October down 7.5%, its weakest October performance since 2014, and was down 11% year to date. It had already fallen more than 7% after failing to break through $87,000 before the hack-driven sell-off sent it to near two-month lows. Ethereum lost more than 15% over 30 days and closed the final week down nearly 4%. Solana and Cardano fell 7% and 6.6% over the week. Some tokens bucked the trend: HYPE gained 13.6%, while LEO, QNT and UNI also rose. Bitcoin’s weak October and losses across major altcoins have raised concerns about whether the crypto market downturn will extend into November.

Intersect warned Cardano stake pool operators on October 30 about Linux vulnerability CVE-2026-98432, which carries a severity score of 9.8. The flaw could crash the servers that produce Cardano blocks and, in some configurations, potentially allow an attacker to take control of them. The warning highlights an infrastructure risk for ADA and the Cardano network. The provided report does not specify how many operators are affected, whether the flaw has been exploited, or what remediation steps were recommended.

XRPL stablecoin supply rose 25.2% in Q3 2026 to a record $1.03 billion, while transfer volume climbed 39.5% to $14.09 billion, according to Blockworks Research. RLUSD drove most of the increase: its XRPL supply grew 49.7% to $1.01 billion, representing 98.1% of the ledger’s stablecoin liquidity. RLUSD is also expanding across blockchains, and Ethereum briefly held more of its supply than XRPL during the quarter. The growth points to rising XRPL stablecoin liquidity and activity, including potential uses such as invoice financing. Robinhood and C2FO expansion plans, along with a proposed XRPL lending protocol, could support adoption, but their effects remain uncertain. XRP ETPs also recorded $355.3 million in quarterly net inflows, lifting assets under management to $3.32 billion. Still, increased XRPL stablecoin use does not necessarily mean stronger XRP buying. XRP is required for network fees and account reserves, but RLUSD users do not need to hold large XRP balances. The figures are a positive infrastructure signal, while the direct impact on XRP demand remains unclear.

The S&P 500 broke key support on Friday, forming a bearish head-and-shoulders pattern and adding to near-term market concerns. The S&P 500 has also faced repeated late-week reversals after rallies, with earnings pressure contributing to the latest decline. However, historical seasonality offers a counterpoint: since 1950, the six months following a US midterm election have never ended lower, and the period has delivered an average gain of 14.79%. The analyst says long-term charts remain bullish and suggests that peak fear during a dip into this historically strong period could create a buying opportunity. Apple earnings, the US midterm elections and the jobs report are key upcoming catalysts that could shift investor sentiment. For traders, the near-term technical breakdown signals caution, while the historical pattern and longer-term outlook argue against treating it as confirmation of a sustained downturn.

Saudi Aramco has agreed to acquire a 49% stake in HUMAIN, an artificial intelligence company established by Saudi Arabia’s Public Investment Fund (PIF), for about $2.6 billion in cash plus AI, computing and digital assets. PIF will retain a 51% controlling stake. The partnership aims to develop HUMAIN’s AI ecosystem, including data centres, industry-specific AI services and the Arabic multimodal language model ALLaM. HUMAIN has a target of deploying 3 gigawatts of AI data-centre capacity by 2030. The deal strengthens Saudi Arabia’s investment in AI infrastructure and brings Aramco’s technology resources into the project. It has no direct, immediate effect on cryptocurrency prices or trading, but could add to longer-term interest in AI infrastructure and the broader technology sector.

NVIDIA has formally objected to OKXICE’s plan to trade tokenized stocks on a blockchain venue. The chipmaker joins 49 other issuers, bringing the total number of companies objecting to the plan to 50 as of October 30, 2026. The objections highlight growing resistance from publicly traded companies to tokenized stock products. The report provides no further details on the objections or the plan’s next steps. For crypto traders, the development is relevant to tokenized stocks and the regulatory and issuer-approval risks facing blockchain-based securities, but it does not indicate a direct change to NVIDIA shares or cryptocurrency prices.

Binance co-founder Changpeng Zhao (CZ) said the FBI, US Secret Service and IRS helped limit the market fallout from a hack that reportedly cost the exchange more than $6 billion. Investigators traced and froze funds and urged crypto firms to block transactions linked to the theft, which the FBI attributed to North Korean group TraderTraitor. Bitcoin fell to $76,320 after the hack, and more than $1.5 billion in positions were liquidated. CZ said the agencies’ swift action helped prevent further selling pressure on Bitcoin. Analysts cited in the report said the incident exposed risks in Binance’s exchange security, rather than flaws in Bitcoin’s underlying code, and expected limited long-term price effects. For traders, the episode underlines exchange-security risks and the potential for law enforcement coordination to contain market disruption.