- Strategy purchased 810 BTC last week, lifting its total holdings to 849,327 BTC.
- Elliptic said around $2.85 billion of stolen Binance funds was frozen or seized.
- New Jersey dropped its Coinbase staking lawsuit and lifted its cease-and-desist.
The global crypto market cap fell 0.7% to $2.678 trillion over the past 24 hours. Bitcoin traded at $76,829.08, down 2.2% on the day and down 4.1% over the past week. Ethereum changed hands at $2,251.13, down 1.7% in 24 hours and down 3.0% over seven days. BNB fell 2.6% to $696.17, down 6.4% weekly.
XRP slipped 0.6% to $1.25, down 4.0% over the week. Solana dropped 3.3% to $92.08, down 8.7% over seven days. USDT and USDC both held close to their dollar peg.
CoinGlass data showed $176 million in liquidations over 24 hours, with longs at $95.3091 million and shorts at $80.8371 million. SoSoValue data showed every crypto sector in the red, with AI tokens down 4.71%.
Trending Searches
Bitcoin led trending searches, down 2.0% to $76,749.94. Sui fell 4.1% to $0.8662 and Pepe slipped 3.3% to $0.000004721. Among top gainers, Yellow rose 47.1% to $0.1318, Aria.AI climbed 38.6% to $0.1149 and Metaplex gained 37.3% to $0.09878.
Binance Recovery
Binance said it will resume withdrawals for more assets from 9:30 a.m. IST on November 3. Networks will be added in stages as security checks are completed, and deposits remain open. The exchange said about 95% of affected assets have been replenished, with the remaining 5% held in lower-liquidity tokens. It has also published a zero-knowledge proof of reserves for its October 31 snapshot.
CZ said Binance covered the losses from its own balance sheet, without borrowing, selling assets or raising new financing. DeFiLlama data showed Binance’s 24-hour net outflow easing to about $3.5 billion from an intraday high near $7 billion. Platform assets stood at about $127.8 billion.
Attribution and Fund Tracing
North Korean state media KCNA called claims of the country’s involvement a fabrication. The FBI had attributed the attack to North Korea, and Chainalysis and TRM Labs linked it to the North Korea-linked TraderTraitor group.
Elliptic said about $3.24 billion of the stolen assets, mainly ETH and BTC, remained in attacker-linked addresses as of November 2. About $2.85 billion had been frozen or seized. The laundering has so far run through roughly 12,000 wallets across 11 blockchains, according to the firm.
Other Exchange Incidents
Mercado Bitcoin said the assets involved in its security incident are worth about $38 million. Of that, $11 million has been frozen with help from Tether, Circle and Paxos. Bloomberg separately reported that the Brazilian exchange will absorb a $40 million loss. ZachXBT said an EU entity lost more than $106 million from several centralized exchange accounts on November 1.
Corporate Treasuries
Strategy bought 810 BTC last week, taking its holdings to 849,327 BTC. Strive added 124 BTC at an average price of $80,526, for a total of 43,124 BTC. BitMine added 8,573 ETH and now holds 6,060,506 ETH, about 4.9% of total supply.
Regulation and Tokenization
New Jersey withdrew its lawsuit against Coinbase’s staking business and lifted its cease-and-desist order. The SEC’s Division of Corporation Finance updated its crypto FAQs. The new guidance says unaffiliated participants in a broad governance system generally are not centralized entities.
Maeil Business Newspaper reported that South Korea plans to tax gains on US-stock perpetuals traded on overseas crypto exchanges at 11% from next year. NYSE chose Broadridge to provide on-chain shareholder voting for its planned tokenized stock platform.
Macro and Market Outlook
Wintermute named the 50-week moving average near $76,800 as Bitcoin’s next support. The firm said recent dip-buying has come mainly from leveraged perpetuals rather than spot demand.
CW8900 of CryptoQuant said the total stablecoin market cap has fallen from $270.3 billion on October 1 to $263.4 billion. CCTV reported that a record 50 million Americans cast early votes ahead of the November 3 midterm elections. The Nasdaq fell 1.27% on Monday.
Related: SEC Staff Adds 3 Crypto FAQs on Governance and Network Control
Related: XRP Whale Net Outflows Hit 226 Million During Binance Breach
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