The crypto news today centers on Binance restarting withdrawals after its reported $6.3 billion hack, while the FBI attributes the theft to North Korea. This November 1, 2026 roundup also covers modest market gains, a Zcash funding dispute and activity claims that need closer scrutiny.
Market overview for November 1
According to CoinGecko’s November 1 snapshot at 14:13 UTC, Bitcoin and Ethereum posted modest daily gains, while Solana declined. All five assets below remained lower over the preceding week, so the daily improvement doesn’t establish a broader recovery.
| Asset | Price in USD | 24-hour change |
|---|---|---|
| Bitcoin | $77,925 | +0.62% |
| Ethereum | $2,267.38 | +0.85% |
| BNB | $715.81 | +1.85% |
| XRP | $1.25 | +0.39% |
| Solana | $94.98 | -0.69% |
Alternative.me’s Crypto Fear & Greed Index registered 34, classified as Fear, on November 1. That reading isn’t a forecast of the market’s next move.
Binance restores withdrawals as FBI attributes theft
Binance began reopening withdrawals network by network on November 1, according to BeInCrypto’s report. Bitcoin reopened first, with Ethereum, BNB Smart Chain, XRP, Base, Polygon and Avalanche networks also listed in exchange updates cited by the outlet.
BeInCrypto reported that Binance said it had set aside more than $6.34 billion and covered about 95% of the stolen amount from its reserves. The remaining gap involved less liquid tokens the exchange was still purchasing. These are exchange statements, not an independent audit of reimbursement.
Reserve coverage isn’t the same as recovering stolen assets. Binance’s account describes how it is addressing the shortfall; it does not establish that the stolen funds have been returned.
The rollout was not complete at the time of BeInCrypto’s report. Further networks remained subject to checks, and users could encounter volume-related delays. Deposits had remained available throughout the incident, according to the outlet.
That distinction matters for access to funds: an open deposit channel doesn’t mean withdrawals are available on the same network. The phased restart describes operational progress, but it isn’t proof that every affected balance can already be moved without delay.
Separately, Cointelegraph reported on November 1 that the FBI blamed North Korea and sought private-sector assistance to prevent further laundering. BeInCrypto identified the attributed group as TraderTraitor.
Zcash grant spending triggers a governance dispute
U.Today reported on November 1 that Zcash Community Grants faced opposition over its Zcash Adoption Pool program, which directed grants toward adoption initiatives involving vulnerable groups, including refugees without banking access.
According to the outlet, critics objected to spending decisions made without a coinholder vote. A large holder using the pseudonym “big z” announced an intention to sell his entire ZEC position, arguing that funding should prioritize cryptography.
The dispute concerns governance rather than a reported technical failure. An announced sale isn’t proof of an executed transaction, and the report doesn’t establish how broadly the holder’s position is shared.
Two questions sit behind the disagreement: what grant funding should support, and who gets to approve that spending. Support for adoption initiatives and demands for cryptography funding reflect competing priorities, not evidence by themselves that either approach has succeeded or failed.
XRP transfer headline needs verification
U.Today’s November 1 report discussed a claim that 1.8 billion XRP moved within a day, but explicitly said the figure hadn’t been independently verified for a dated 24-hour period. It shouldn’t be presented as confirmed evidence of recovery.
For readers following crypto news today, transfer totals need context. As U.Today explained, large movements can reflect exchange custody changes or transfers between wallets controlled by the same entity, rather than fresh demand. A large total alone does not demonstrate new capital entering the market.
NEAR derivatives report highlights positioning risk
U.Today also reported a $1.1 billion NEAR open-interest figure on November 1, while cautioning that its timing and exchange-level accuracy needed confirmation. Open interest measures the notional value of outstanding derivatives contracts, not daily transaction volume.
More open contracts don’t establish a bullish consensus. As U.Today explained, crowded leveraged positions can become vulnerable to forced exits. The reported total alone cannot establish direction or the scale of liquidation risk.
Other headlines
- U.Today reported that trader DonAlt viewed the market’s response to the Binance hack positively. That’s an analyst’s interpretation, not confirmation that losses or further selling are over.
- CryptoNews published a Claude-generated BNB scenario assuming BNB Chain becomes a primary settlement and execution layer for institutional tokenization programs. That hypothetical catalyst isn’t an announced partnership or evidence of future returns.
FAQ
What leads crypto news today?
Binance’s phased withdrawal restart and the FBI’s North Korea attribution lead this roundup.
Has Binance fully restored withdrawals?
Not according to BeInCrypto’s November 1 report. Several networks had reopened, while others remained subject to checks.
Does Binance’s reserve statement confirm full reimbursement?
No. BeInCrypto reported Binance’s claim of roughly 95% coverage and continuing purchases of less liquid tokens. That statement doesn’t independently verify completed reimbursement for every affected user. Withdrawal availability and the exchange’s reported funding coverage answer different questions.
Are the XRP and NEAR activity figures confirmed?
Not in the reporting summarized here. U.Today flagged verification limits for both figures.
Do higher prices mean the market has recovered?
No. CoinGecko’s snapshot showed weekly losses across all five listed assets despite daily gains in four of them. Short-term price gains don’t remove volatility or exchange-access risk, as the withdrawal restrictions in this roundup illustrate.
Sources
- Binance Resumes Crypto Withdrawals After Record Hack, 95% of Losses Covered (BeInCrypto)
- FBI blames North Korea for record $6.3B Binance hack (Cointelegraph)
- Zcash (ZEC) Hits $1,280 Milestone but Fight Over Grant Money Sparks Whale Revolt (U.Today)
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
For advertising inquiries, please email . [email protected] or Telegram
