Live Wire/Bitcoin
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
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
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