Former Senate Banking Committee chair Sherrod Brown beat Republican Sen. Jon Husted in Ohio, two years after a crypto-funded campaign helped push him out. Politico put industry spending on this year's race above $55 million, while Reuters counted more than $68 million before the vote. With Democrats now holding the Senate, Elizabeth Warren rather than Brown is expected to lead the Banking Committee. Source: American Banker
Binance said in its seventh incident update that it has refilled about 98% of the assets hit in last week's hack from its own funds, and will buy the last 2% of thinly traded tokens on the open market and over the counter. A new proof-of-reserves snapshot taken at 00:00 UTC on Nov. 4 covers 44 tokens, up from 10, with the full zero-knowledge proof expected to take 50 to 60 hours. Co-CEO Richard Teng put the amount frozen or intercepted so far at about $2.85 billion. Source: The Daily Hodl
The Liquid Federation said on Tuesday that its bitcoin reserves again cover all LBTC one-to-one, closing a gap left by a Sept. 6 exploit that drained about 4,000 BTC. The attacker returned roughly 3,400 BTC a day later; the last 550 BTC arrived in two deposits on Monday, which a Federation board member attributed to Blockstream. The Federation says governance and security changes will follow in the coming weeks. Source: The Block
Binance's SAFU emergency fund now holds about 7,500 BTC, roughly half of the 15,000 BTC it held after converting from stablecoins in February, after four withdrawals on Oct. 31 to help cover the $6.3 billion theft. At around $77,000 per coin, the remainder is worth about $580 million. Binance says it will rebuild the fund to about $1 billion but has given no timetable. Source: Bloomingbit, citing CoinDesk
U.S. spot bitcoin ETFs posted $398.6 million in net outflows on Monday, adding to the $643 million that left on Friday. BlackRock's IBIT alone shed $405.3 million, more than the group's net total, while Fidelity's FBTC took in about $6.7 million. Bitcoin slipped toward $76,500 on Tuesday as investors waited on U.S. midterm results. Source: crypto.news
Binance's 24-hour net outflows have dropped to roughly $3.29 billion, less than half the peak of about $7 billion, according to DeFiLlama data. The exchange plans to restore withdrawals for more networks and assets on Nov. 3 but has not named them or given a start time. The first phase on Nov. 1 covered 15 networks. Source: The Block
Binance said the zero-knowledge proof for its Oct. 31 reserve snapshot is ready a day ahead of its Nov. 3 target, letting users check that 10 assets, including BTC, ETH, USDT, USDC and XRP, are backed at least one-to-one. The exchange says it has replaced about 95% of the stolen funds from its own money; the rest sits in thinner tokens outside those 10. A broader snapshot follows on Nov. 4, with its proof expected to take another 40 to 50 hours. Source: The Block
Bitcoin miner turned data center developer Cipher Digital reported third-quarter revenue of $26.7 million, down from $71.7 million a year earlier and about $11 million short of analyst estimates. Mining brought in $20.8 million and its first high-performance computing lease added $5.9 million; a $127.2 million warrant revaluation turned the quarter into a $31.6 million net profit. The company also extended its Barber Lake lease with an AI lab to 20 years, lifting contracted revenue at the site to about $9.1 billion. Source: GlobeNewswire
Circle said it has frozen more than $1.1 billion in USDC connected to last week's Binance theft, up from the roughly $823 million it locked in the attacker's wallet within minutes of the hack. The company has not explained the gap between the two figures. Bitcoin and ether, which no issuer can freeze, make up an estimated $2.4 billion of the stolen funds, according to TRM Labs. Source: American Banker
Customers have taken a net $4.72 billion out of Binance since withdrawals reopened on Sunday morning, or about 2.8% of assets on the platform, a spokesperson told Reuters, against roughly $2.7 billion of inflows. The exchange added U.S. dollar cash withdrawals back on Monday, while most tokens beyond bitcoin, ether and some dollar stablecoins remain partly suspended. Binance said withdrawal volumes have eased after the initial spike. Source: Reuters via BNN Bloomberg
Bithumb has ended trading of D. Holders should check the withdrawal window. Exchange notice
Bithumb has ended trading of HOOK. Holders should check the withdrawal window. Exchange notice
After Tether froze 378.7 million USDT, the attackers still had about $249 million to work with on Tron, and roughly $242 million of it moved out through Relay, THORChain, Chainflip and other services within two days, according to on-chain analyst SomaXBT. Elliptic estimates about $3.3 billion of the loot sits in assets no issuer can freeze, including 18,270 BTC that has not left the 19 bitcoin addresses named by the FBI. Source: The Block
Customers pulled about $4.65 billion from Binance between 06:00 and 15:30 UTC on Sunday while depositing about $1.01 billion, a net outflow of roughly $3.64 billion, the exchange said on X. That is about 2.1% of the $171 billion shown in its Oct. 28 proof of reserves. All 15 networks in the first phase were open by Sunday evening; the rest are still being tested. Source: The Block
Bitcoin traded around $78,000 on Sunday, a small gain on the day, after dipping toward a six-week low near $76,100 in the selling that followed the Binance hack. Ether was near $2,270. The Oct. 30 sell-off had triggered more than $1.5 billion in liquidations. Source: crypto.news
A Binance proof-of-reserves snapshot taken at 00:00 UTC on Oct. 31 shows customer balances in BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC fully covered, the exchange said. A complete zero-knowledge proof is now expected by Tuesday, Nov. 3, a day later than the Nov. 2 date given earlier. Binance has also promised a detailed incident report once its investigation ends. Source: crypto.news
Binance restarted withdrawals on Sunday in a first phase that began with the bitcoin network shortly after 06:00 UTC, followed by ether, BNB and some USDT and USDC routes, across 15 networks in total. The exchange said it has now bought back about 95% of the roughly $6.3 billion taken in last week's hack, up from 90% a day earlier, with the rest made up of less liquid tokens. No date has been set for the second phase, and deposits stayed open throughout. Source: Reuters via Business Standard
The FBI on Saturday attributed the theft of more than $6 billion from Binance to TraderTraitor, the North Korean group it also tied to last year's $1.5 billion Bybit hack. The bureau said most of the stolen assets have been swapped into ether and asked exchanges, analytics firms and node operators to block transactions linked to addresses it published. Source: AP via ClickOrlando
Binance said Saturday it has replaced 90% of the roughly $6.3 billion taken from its hot wallet, up from about 80% a day earlier, with its ten most-held assets, including BTC, ETH, USDT and USDC, now fully covered. The exchange still plans to reopen withdrawals token by token on Sunday, Nov. 1, while a full zero-knowledge proof of reserves is expected around Nov. 3 UTC. Source: Cointelegraph
TRM Labs said on-chain data from Binance's hot wallets cannot be tied to individual users or countries, leaving Singapore's exposure to the $6.3 billion theft unknown, The Straits Times reported. Binance.com has remained on the Monetary Authority of Singapore's Investor Alert List since 2021, when the regulator ordered it to stop soliciting Singapore residents. Source: The Straits Times via The Star
Coinbase said it had changed the systems it uses to hold crypto keys offline, describing the move as purely precautionary after the theft at Binance. Kraken said it was studying the incident for lessons for its own defenses, and OKX chief executive Star Xu called for a real-time alert system so exchanges can share attack data and freeze suspected stolen funds quickly. Source: Reuters via The Business Standard
U.S. spot bitcoin ETFs posted about $643 million in net outflows on Oct. 30, ending a four-day run of inflows and marking the largest one-day withdrawal since June. BlackRock's IBIT lost roughly $234 million and Fidelity's FBTC about $201 million, while ether funds shed another $156 million or so, according to Farside data. Source: crypto.news
Coinbase carried out a one-time conversion on Oct. 30 of 14 stablecoins that lack MiCA authorization, among them USDT, PYUSD, USD1 and DAI, swapping remaining EEA retail balances into USDC or another supported asset at market rates. Tokens sent to Coinbase after the cutoff will not be credited; the exchange noted that MiCA's transition period for issuers ended July 1 without extension. Source: Unchained
In its second incident update on Oct. 30, Binance said it aims to begin restoring withdrawals in stages within roughly 34 hours, once security checks are complete, and will publish full proof-of-reserves results by Monday, Nov. 2. The exchange says about $3 billion of the stolen assets is frozen on-chain, while Elliptic's independent tally stood at $2.84 billion. Source: Bitcoin.com News
