Top Story
Binance lost about $6.3 billion in a hack on 29 October 2026, the largest crypto theft on record. Attackers drained roughly 18,270 BTC, $1.66 billion in USDT and about $800 million in USDC across about ten blockchains in around 20 minutes. The FBI has linked the attack to North Korea.
Binance restored withdrawals in phases from 06:00 UTC on 1 November and says it has replaced about 95% of the stolen assets. In the first 9.5 hours, users withdrew $4.64 billion and deposited $1.01 billion, a net outflow of $3.64 billion. DefiLlama data shows $5.8 billion in net outflows over 24 hours, a figure that includes the reopening rush.
Bitcoin fell to a six-week low near $77,300 on Thursday, then recovered to about $78,000 over the weekend. The Fear & Greed Index read 34 to 35 on 1 November. Derivatives data shows $20.13 million in Bitcoin liquidations over 24 hours across Binance, Bybit and OKX, with shorts making up 73.2%. Other snapshots cited liquidations above $1.5 billion, a figure the 24-hour feed does not show.
Open interest sits at $53.14 billion and fell 1.55% over seven days. Binance says withdrawal demand has slowed and is stabilizing, but official outflow figures have not been published.
Major Price Moves
Market Overview
Bitcoin ranks first at $78,150.42, up 0.25% in 24 hours on $15.57 billion in volume. Ethereum ranks second at $2,284.57, up 0.68% on $10.08 billion. Both majors were quiet while the market rotated into smaller names.
Biggest Movers
Small caps led the gains. LYN Everlyn rose 55.15% to $0.02194 on $7.43 million in volume. ESPORTS Yooldo Games gained 52.95% to $0.01627 on $12.69 million. MEET48 added 31.61% on $35.18 million, the largest volume in the gainers group.
The largest liquid loser was RUNE. THORChain fell 19.06% to $0.5134 on $39.01 million in volume after its swap halt. BEAM Beam dropped 11.41% on $122.61 million, the heaviest turnover among the losers.
Among the top 20 by market cap, SOL Solana slipped 1.28% to $94.38, and LINK Chainlink fell 2.91% to $11.31.
Other Key Events
U.S. Crypto ETF Outflows
U.S. spot Bitcoin ETFs shed $643.2 million on Friday, 30 October, the largest single-day outflow of October. The month closed with roughly $516 million in net outflows. Cumulative net inflows since launch fell to $57.4 billion.
U.S. spot Ethereum ETFs lost $1.61 billion in October. That is their largest monthly outflow since launch in July 2024, and it ended a three-month inflow run.
THORChain Halts Swaps
At 11:34 UTC on 31 October, Ethereum replaced one block. THORChain had already credited a 10 ETH deposit that never reached the canonical chain, and it paid out the 10 ETH. Its solvency checker halted ETH swaps, and node operators then halted all chains. The user returned the 10 ETH.
Reports differ on scope, citing 10 to 12 networks. Chainalysis said the pause delayed North Korean laundering of Binance funds.
In Brief
- INJ attackers took about 5,700 escrowed NFTs from the Talis Protocol marketplace on 31 October. The attacker made about 445 INJ, worth roughly $3,100. Talis halted listings and auctions.
- XPL fell 18% within one minute on Hyperliquid at 04:32 UTC on 1 November. Sixteen linked wallets withdrew margin before the drop. The HLP liquidation vault lost $556,000.
- Initia's L1 and rollups resumed on 2 November, with bridges and trading platforms expected to reopen later that day.
- Searches found no confirmed catalyst for the moves in LYN, ESPORTS or Manadia (UMXM). Merlin's Seal BTC (M-BTC) fell 28.44%, but aggregator prices conflict and its reported $2.23 volume is too thin to treat as a reliable signal.
What to Watch
- 2 November, 08:00 UTC: About 101 million BTW Bitway tokens unlock, roughly 3.37% of circulating supply and worth about $114 million.
- Bitcoin levels: Support sits near $76,000 and resistance near $80,000.
- Binance outflows: Whether net outflows slow after the $3.64 billion first-day net outflow, and whether Binance publishes an official figure.
- 3 November: U.S. midterm elections.
- 6 November, 8:30 a.m. ET: U.S. October jobs report.