Crypto news today is being shaped by reports of a $6.3 billion Binance hack, fresh Bitcoin ETF outflows and a security incident at a Brazilian exchange. On November 3, Bitcoin and three of the other four listed major tokens were lower over 24 hours. A proposal to cut NEAR issuance passed, while Liquid Network said its bitcoin backing had been restored.
Here are the main developments and market figures available as of November 3. The prices below are a snapshot, not a forecast.
Crypto news today: market overview
CoinGecko market data at 14:13 UTC on November 3 showed Bitcoin down 0.91% over 24 hours and Ethereum down 0.39%. BNB was down 1.19% and Solana was down 1.01%. XRP was the exception among the five listed assets, rising 2.28%. The Crypto Fear & Greed Index registered 26, classified as Fear, on November 3.
| Asset | Price, USD | 24-hour change |
|---|---|---|
| Bitcoin (BTC) | $77,129 | -0.91% |
| Ethereum (ETH) | $2,278.62 | -0.39% |
| BNB | $695.10 | -1.19% |
| XRP | $1.28 | +2.28% |
| Solana (SOL) | $93.09 | -1.01% |
This snapshot reflects one point in a changing market. The declines among four of the listed assets and the Fear reading describe current conditions, but neither establishes what prices will do next.
Binance hack and market reaction
Reporting on November 3 continued to focus on the $6.3 billion Binance hack and the market’s response. Decrypt reported that Bitcoin ETF outflows had exceeded $1 billion since the hack. Its roundup also covered Tom Lee’s view that the reaction was “constructive.” Lee pointed to the absence of socialized losses and DeFi blow-ups.
Lee compared Ethereum’s roughly 4% decline after the Binance incident with its sharper fall after the Bybit hack in February 2025: 8% on the first day and 20% over the following week. He cited Binance covering the loss itself, Tether and Circle freezing stolen stablecoins within hours, and the absence of DeFi failures as reasons for his assessment. This is Lee’s interpretation, not proof that future incidents would have the same outcome. Read Decrypt’s report on Tom Lee’s assessment.
Decrypt also reported that Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement and called the allegations a provocation. She suggested the United States could be behind the theft. That counterclaim is her statement, not an established finding in the reporting. Binance said hourly deposits had begun to exceed withdrawals.
Bitcoin funds report heavy withdrawals
US spot Bitcoin funds opened November with nearly $399 million in net outflows, according to Cointelegraph. BlackRock’s IBIT alone shed $405.3 million on Monday, its biggest outflow since June, the outlet reported. The figures describe fund flows; they do not show that every Bitcoin holder is selling. Read Cointelegraph’s report on IBIT’s outflow.
Decrypt’s daily roundup separately reported another roughly $400 million in Bitcoin ETF outflows and said cumulative outflows since the Binance hack had exceeded $1 billion. These reports describe recent fund activity. They do not, on their own, establish whether withdrawals will continue or indicate what Bitcoin’s price will do.
Mercado Bitcoin reports a security incident
Brazilian exchange Mercado Bitcoin confirmed a security incident on November 2 and paused withdrawals, The Block reported. The outlet described the exchange as Brazil’s largest and put the breach at $46 million. The available report does not detail the full investigation or the status of every customer account, so that figure should not be treated as a complete account of the incident’s impact. The Block reported the incident and withdrawal pause.
The reported withdrawal pause is a specific part of the incident’s impact: customers could not withdraw while it was in place. The available information does not say how long the pause lasted or provide further details about affected accounts.
NEAR issuance reduction passes as token falls
A proposal to reduce annual NEAR token issuance passed, Cointelegraph reported. The change would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at the token’s price in the report. NEAR fell 7% as the proposal passed, according to the outlet. Cointelegraph reported the proposal and price move.
The proposed reduction concerns the amount of new tokens entering circulation. The report does not provide further implementation details or establish what effect the change may have on NEAR’s future price.
Liquid Network says bitcoin backing is restored
Liquid Network said its bitcoin reserves had returned to full backing after a September exploit, The Block reported on November 3. Blockstream provided the funds used to restore that backing. This is the reported reserve position following the exploit; the research does not provide further details about the incident or the restoration.
Other headlines
- Consensys unveiled Sovereign Network Interoperability at Devcon, targeting banks, asset managers and financial market infrastructure providers, according to CryptoNews. The announcement came weeks before its planned separation from MetaMask. CryptoNews said the move could leave the wallet operating independently while Consensys pursues institutional work.
- Decrypt’s roundup said Strategy bought $65 million of BTC last week and $208 million of STRC. It also said BitMine bought 8,573 ETH, worth about $19.6 million, bringing its treasury to 6,060,506 ETH.
Crypto news today FAQ
Why is crypto news today focused on the Binance hack?
Coverage includes the reported $6.3 billion theft, Bitcoin ETF outflows and debate over the market’s response. It also includes conflicting statements about attribution: Kim Yo Jong denied North Korea’s involvement, while the reporting does not establish her counterclaim.
What happened to Bitcoin ETFs on November 3?
Cointelegraph reported nearly $399 million in net outflows from US spot Bitcoin funds on Monday, with $405.3 million leaving BlackRock’s IBIT. Decrypt separately reported another roughly $400 million in Bitcoin ETF outflows and more than $1 billion in outflows since the Binance hack. These are reported fund-flow figures, not a prediction of Bitcoin’s next move.
What developments should readers keep in mind?
The reports cover a security incident and withdrawal pause at Mercado Bitcoin, the Binance hack and recent Bitcoin fund outflows. The figures and claims here are attributed to the sources identified above. This roundup reports developments and is not investment advice.
Sources
- Morning Minute: Tom Lee Calls the Binance Hack Bullish for Ethereum (Decrypt)
- BlackRock’s IBIT sees biggest Bitcoin ETF outflows since June (Cointelegraph)
- NEAR token sinks 7% as proposal to cut annual token issuance passes (Cointelegraph)
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
