Crypto is modestly higher, with BTC at $77,724.80 up 1.1% over 24 hours, ETH at $2,299.99 up 2.2%, SOL at $93.69 up 1.8% and XRP at $1.28 up 3.5%. US spot bitcoin ETFs saw net outflows of $398.6 million on Nov 2 after $643.3 million on Oct 30, so prices are recovering while fund flows remain negative.
BTC+0.9%$77,611
ETH+2.0%$2,295
SOL+1.7%$93.56
XRP+3.4%$1.28
BTC ETFsUS session-$399Mnet flow, Nov 2
News mood
Mixed34% bullish · 41% bearish
What's happening
The Binance hack is the dominant security story, with $5.7 billion reportedly lost in the largest crypto hack to date and Binance expecting to resume withdrawals within 48 hours while pledging to cover losses from an estimated $6.3 billion impact 12. The hack and outflows pressured prices earlier, with spot bitcoin ETFs shedding $643 million in a day as Ethereum funds lost $156 million 3, and bitcoin falling to $76,455 before recovering 4. On the positive side, the CFTC opened the way for perpetual futures on US regulated exchanges and ICE teamed with Hyperliquid-linked Trade.xyz to bring perpetual futures to US markets 56. New Jersey also dropped its staking lawsuit against Coinbase, clearing the path for users to resume 7.
More than $2 billion in Ethereum (ETH) and tokens left Binance hot wallets on Thursday for an address created hours earlier and funded through Tornado Cash, Etherscan data shows.
TRON overtook Ethereum in average USDT supply in the third quarter as stablecoin supply hit $92.25B 8, while Solana Mobile's daily SKR buybacks have burned 1.2 million tokens 9 and NEAR governance approved lowering its issuance cap to 1.6% 10.
Crypto-linked stocks gained, with MARA up 10.7%, COIN up 7.1%, CRCL up 6.2% and MSTR up 4.6%, and Capital Group's Fundamental Investors fund added about $20 million in Strategy shares 11.
New Jersey dropped its staking lawsuit against Coinbase 7, the Bank of Korea is surveying 31 financial institutions on crypto risk exposure 13, South Korea urged exchanges to boost cold storage after the Binance hack 14, and Justin Sun sought sanctions against World Liberty Financial over UAE disclosure 15.
Binance lost $5.7 billion in the largest crypto hack to date 1, with more than $2 billion leaving hot wallets for an address funded through Tornado Cash 17, hackers reportedly used a fake job interview to steal crypto 18, and the theft triggered an unusual automated laundering operation 19; Mercado Bitcoin froze deposits and withdrawals after a security incident 20, ZachXBT flagged a suspected $106 million-plus theft from an EU entity 21, Kraken restricted accounts amid a suspected $133 million-plus EU theft 22, Liquid restored full bitcoin backing after the Elements exploit 23, and GitBook revoked all personal API tokens after a breach 24.