Live Wire/Exchanges
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
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 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