Last Updated: November 1, 2026
The crypto market is worth about $2.61 trillion on Sunday, November 1, up 0.50% over 24 hours according to CoinMarketCap, as Binance began reopening withdrawals three days after a hack that it estimated at about $6.3 billion. Bitcoin trades near $77,900 after ending October down about 7.3%, the FBI has blamed North Korea for the theft, and the Crypto Fear and Greed Index from alternative.me read 30, Fear, in its latest reading for October 31.
Key Takeaways
- Binance resumed Bitcoin withdrawals shortly after 06:00 UTC on November 1, and its first batch includes Ether, BNB, Solana, XRP, Dogecoin and stablecoins on the Ethereum and BNB Smart Chain networks, according to Forbes and crypto.news. Binance says it has replaced about 95% of the stolen assets.
- Binance took a proof of reserves snapshot at 00:00 UTC on October 31 and now expects the full zero knowledge proof by November 3, according to Forbes and crypto.news, a day later than the November 2 date reported earlier.
- The FBI said on October 31 that North Korea’s TraderTraitor group carried out the theft and asked exchanges, DeFi platforms and node operators to block transactions linked to the attackers’ addresses, according to the Associated Press and CryptoSlate.
- Bitcoin fell about 7.3% in October, Ether about 16.1%, XRP about 16.0% and Dogecoin about 20.0%, on CoinMarketCap daily closes for September 30 and October 31. Bitcoin trades near $77,900, up 0.69% over 24 hours.
- Ripple released 1 billion XRP from escrow early on November 1, according to Whale Alert data cited by U.Today, and an XRP Ledger amendment is on course to activate on November 4, according to XRPScan data.
Today’s Top Stories
Binance reopens withdrawals in phases. Binance restarted Bitcoin withdrawals shortly after 06:00 UTC on Sunday, according to Forbes, which cited the exchange’s status page, less than three days after attackers drained hot wallets in a breach that began on the evening of October 29. A Binance spokesperson told CoinDesk that phase one would run in a window from 06:00 to 09:00 UTC. The first phase covers selected assets on 15 networks, including Bitcoin, Ethereum, BNB Smart Chain, Tron, Solana, the XRP Ledger and Dogecoin, and each asset and network pair must pass security checks before it opens, according to crypto.news. Changpeng Zhao, Binance’s founder, posted that “BTC withdrawal is live,” and USDT, USDC, ETH and BNB withdrawals followed on the Ethereum and BNB Smart Chain networks. Deposits stayed open throughout. Our report on Binance reopening withdrawals has the full timeline.
Binance says 95% of stolen assets are covered. Co-chief executive Richard Teng wrote that Binance had “replenished approximately 95% of the impacted assets,” up from about 80% and then 90% in earlier updates, according to crypto.news. The company says its balances in BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed, and that the remaining 5% is in smaller tokens that are “less liquid in the market and take longer time to source at the required scale,” according to Forbes. The cover of more than $6.34 billion comes from the Secure Asset Fund for Users, part of the futures insurance fund and corporate treasury. Co-chief executive Yi He said half of the user protection fund would be spent and that Binance plans to refill it to about $1 billion, according to Forbes. Zhao said of the loss: “It hurts, but we survive.”
FBI blames North Korea. The FBI said on Saturday that the theft was the work of TraderTraitor, the North Korean group behind the $1.5 billion Bybit hack in 2025, according to the Associated Press. The bureau said the attackers were converting stolen assets mainly into Ether and expected them to turn next to DeFi and “instant swap services.” It published hundreds of linked addresses and asked exchanges, node operators and DeFi platforms to block transactions involving them, according to CryptoSlate. TRM Labs’ Ari Redbord told the AP that laundering the funds could take months.
Following the stolen funds. Blockchain analytics firm Elliptic estimates that the attacker still holds about $3.3 billion, including 18,270 BTC, and found a Tron wallet sending funds out every hour for 31 straight hours, much of it into THORChain, according to Forbes. About $3 billion has been frozen, mostly in USDT and USDC, which issuers can block, according to CoinDesk. Chainalysis said an unrelated technical fault, a double refund on a 10 ETH deposit after an Ethereum reorganization, led THORChain to pause swaps across most of its bridges, which also held up the attackers, according to CryptoSlate. Our guide to verifying crypto news and rumors explains how to check claims about hacks and wallet movements.
Bitcoin closes October with a loss. Bitcoin fell from a close of about $83,554 on September 30 to about $77,435 on October 31 on CoinMarketCap data, a drop of about 7.3%, and touched about $76,190 on October 30, its lowest level of the month. CoinDesk had reported on Friday that Bitcoin was on track for a second straight monthly decline. Altcoins fared worse: Ether lost about 16.1%, XRP about 16.0% and Dogecoin about 20.0% over the month. The weekend has been calm, with Bitcoin up 0.69% and Ether up 0.74% over 24 hours to about $2,265, while Solana trades near $94.76 and BNB near $714.06, according to CoinMarketCap. See Bitcoin News Today and Ethereum News Today for coin by coin coverage.
ETF outflows set the tone for Monday. US spot Bitcoin ETFs lost $643.33 million on October 30, the largest daily outflow since September 25, led by BlackRock’s IBIT with $233.70 million, according to SoSoValue data reported by CoinGabbar. Ether ETFs lost $155.85 million, a fifth straight day of outflows, and XRP funds saw an outflow of about $496,500. Those are the latest published daily figures; US markets reopen on Monday. Our first report on the Bitcoin ETF outflows was based on an early Farside Investors tally that did not yet include IBIT.
XRP escrow release and ledger upgrade. Ripple unlocked 1 billion XRP from escrow early on November 1 in two transactions of 500 million XRP each, according to Whale Alert data cited by U.Today and 36Crypto, with no re-lock reported by the time of writing. On the XRP Ledger, the fixCleanup3_4_0 amendment has the support of 33 of 35 validators and is on course to activate at about 14:46 UTC on November 4 if that support holds, according to XRPScan data. See XRP News Today for details.
What This Means for the Days Ahead
The coming week starts with Binance. The exchange plans to reopen more networks in phases and to publish its full zero knowledge proof of reserves by Tuesday, November 3, the same day as the US midterm elections. Daily ETF flows return on Monday after a week of heavy outflows, and the XRP Ledger amendment is due on Wednesday, November 4. For the full market picture, see crypto market today.
A smooth restart and a clean reserves report could ease the fear that has gripped the market since Thursday, while delays or new findings would likely keep pressure on prices and ETF flows. Macro risk also remains: on October 30, CoinDesk reported that markets still saw a December rate hike as more likely than not, after the Federal Reserve held its target range at 3.75% to 4.00% on October 28. Follow the majors on Bitcoin News Today, Ethereum News Today, XRP News Today, Zcash News Today, Hedera (HBAR) News Today and Dogecoin Price Today.
Compare Crypto Prices Today
| Asset | Price Page |
|---|---|
| Bitcoin | Bitcoin Price |
| Ethereum | Ethereum Price |
| XRP | XRP Price |
| Solana | Solana Price |
| BNB | BNB Price |
| TRON | TRON Price |
Where to Buy Crypto
Major cryptocurrencies are available on large exchanges including Binance, Coinbase, Kraken, KuCoin, Gate, OKX and Bybit. Binance is reopening withdrawals in phases after the October 29 hack, so check each exchange’s own notices before moving funds. US investors can also use spot ETFs for Bitcoin, Ether and several other coins. For gaming platforms that accept crypto, see our crypto casinos guide.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.
Frequently Asked Questions
What is the biggest crypto news today?
The biggest story is Binance reopening withdrawals in phases on November 1, three days after a hack it estimated at about $6.3 billion. Bitcoin went first, followed by Ether, stablecoins and other major assets, according to Forbes and crypto.news. Binance says it has replaced about 95% of the stolen assets and expects its full proof of reserves by November 3.
Has Binance resumed withdrawals?
Yes, in phases. Bitcoin withdrawals resumed shortly after 06:00 UTC on November 1, and the first phase covers selected assets on 15 networks, including Ethereum, BNB Smart Chain, Solana, the XRP Ledger and Dogecoin, according to crypto.news. Each asset and network pair must pass security checks before it opens, so check Binance’s own notices before moving funds.
Who was behind the Binance hack?
The FBI said on October 31 that North Korea’s TraderTraitor group carried out the theft, according to the Associated Press. The same group was blamed for the $1.5 billion Bybit hack in 2025. The FBI said the attackers were converting stolen assets mainly into Ether and asked exchanges and DeFi platforms to block transactions linked to their addresses.
How did crypto perform in October 2026?
October was a losing month. On CoinMarketCap daily closes, Bitcoin fell about 7.3%, from about $83,554 on September 30 to about $77,435 on October 31, while Ether lost about 16.1%, XRP about 16.0% and Dogecoin about 20.0%. Losses deepened after the Binance hack began on October 29, and Bitcoin touched about $76,190 on October 30, its lowest level of the month.
What could move crypto prices in the coming days?
The main events are further phases of Binance’s withdrawal restart and its full proof of reserves, due by November 3, the same day as the US midterm elections. Daily ETF flows resume on Monday after heavy outflows, and an XRP Ledger amendment is due on November 4. Tech stocks and expectations for a December Fed decision also matter.
Data sources: CoinMarketCap (prices, market capitalization, changes and daily data for October), alternative.me (Fear and Greed Index), Binance statements as reported by Forbes, CoinDesk and crypto.news, the FBI via the Associated Press and CryptoSlate, Elliptic via Forbes, Chainalysis via CryptoSlate, SoSoValue via CoinGabbar (ETF flows), Whale Alert via U.Today and 36Crypto, XRPScan (amendment votes), and CoinDesk (macro).
