Briefs · Evening brief
Evening brief: Binance finishes 10-token reserves proof; tZERO signs blank-check deal
Binance said its Oct. 31 reserves proof is complete for 10 tokens, tZERO signed a $350 million blank-check merger and Strategy added 811 bitcoin. Bitcoin closed the U.S. session at $76,674.54 on CoinGecko's 4:00 p.m. ET print.
Evening brief: Binance finishes 10-token reserves proof; tZERO signs blank-check deal
Binance said its zero-knowledge reserves proof for the Oct. 31 snapshot, a cryptographic check that lets users confirm their own balances are backed without revealing other accounts, is complete for 10 tokens, and that its next withdrawal phase is "planned for tomorrow." tZERO signed a merger with a blank-check company at a $350 million pre-money value, and Strategy said it bought 811 bitcoin. [4][5][6]
Bitcoin closed the U.S. session at $76,674.54 on CoinGecko's 4:00 p.m. ET print. [1]
U.S. session close
CoinGecko USD prices at the 4:00 p.m. ET close (5-minute points), with rolling 24-hour change to 4:08 p.m. ET. Powered by CoinGecko API [1]
| Asset | 4:00 p.m. EST | Rolling 24h (to 4:08 p.m. EST) |
|---|---|---|
| BTC | $76,674.54 | −1.37% |
| ETH | $2,245.55 | −0.57% |
| SOL | $91.44 | −2.80% |
| BNB | $694.68 | −1.68% |
| XRP | $1.2453 | −0.19% |
Total crypto market value was $2.60 trillion, down 2.85% over 24 hours, and bitcoin's share was 59.25%, per CoinGecko at 4:06 p.m. ET. [1]
Bitcoin's share of total crypto market cap stood at 59.95% as of 4:08 p.m. ET, and CoinMarketCap's Fear and Greed Index read 34 (Fear) at 4:08 p.m. ET. Data: CoinMarketCap. [2]
Movers
Largest rolling 24-hour moves among CoinGecko's top 50 by market cap, excluding stablecoins, tokenized gold, cash-like funds and meme coins, to 4:08 p.m. ET. Only four of 32 eligible names were up. No catalyst is sourced for these moves. Powered by CoinGecko API [1]
| Coin | Price | Rolling 24h |
|---|---|---|
| Monero (XMR) | $611.74 | +2.83% |
| TRON (TRX) | $0.3181 | +1.70% |
| LEO Token (LEO) | $9.39 | +0.66% |
| NEAR Protocol (NEAR) | $3.88 | −9.25% |
| Rain (RAIN) | $0.006598 | −7.44% |
| Ethena (ENA) | $0.1696 | −6.73% |
| Zcash (ZEC) | $1,146.38 | −6.03% |
| Aave (AAVE) | $127.04 | −5.18% |
Liquidations
Crypto short liquidations totaled $72.8M and long liquidations $200.9M over the 24 hours to 4:05 p.m. ET. Data: CoinMarketCap. [3]
| # | Coin (24h price chg) | Shorts | Longs |
|---|---|---|---|
| 1 | Bitcoin (BTC) (−1.5%) | $29.4M | $63.9M |
| 2 | Ethereum (ETH) (−0.7%) | $28.6M | $37.1M |
| 3 | Solana (SOL) (−2.9%) | $2.4M | $22.5M |
| 4 | Hyperliquid (HYPE) (−4.3%) | $0.8M | $13.8M |
| 5 | Zcash (ZEC) (−6.4%) | $2.6M | $11.6M |
Data: CoinMarketCap.
Non-crypto perpetual futures, such as stocks, ETFs and energy, saw short liquidations of $11.0M and long liquidations of $92.7M over the same window; that is a floor, covering only non-crypto entries in CoinMarketCap's top-250 list. Data: CoinMarketCap. [3]
What printed
01 · Binance says its Oct. 31 reserves proof is complete for 10 tokens. In Recovery Update #5 at 7:45 a.m. ET, Binance said "the full zero-knowledge proof for this latest PoR snapshot has been completed" and that users holding BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC "can independently verify that their balances on Binance are backed at a minimum of 1:1." Repeating a figure from its Update #4, it said it "has covered approximately 95% of the impacted amount," plans another snapshot "with coverage for more tokens on 2026-11-04," and that "the next phase is planned for tomorrow." The update gives no reserve dollar totals, and Binance had posted no Update #6 as of 4:12 p.m. ET. [4][15]
02 · tZERO signs a $350 million merger with blank-check company FG Imperii. FG Imperii Acquisition Corp. said in an 8-K accepted at 9:10 a.m. ET that the deal values tZERO at "a pre-money equity valuation of $350 million, including up to $25 million to be realized upon the achievement of specified milestones." The combined company "may receive up to approximately $231 million of cash held in FG Imperii's trust account, subject to redemptions by FG Imperii's public shareholders and before transaction expenses." The agreement is signed, not closed: it needs shareholder votes, an effective Form S-4 and a listing approval, and the companies say it is "expected to close in early 2027." [5]
03 · Strategy adds 811 bitcoin, funded by common-stock sales. Strategy said in an 8-K at 8:00 a.m. ET that it bought 811 bitcoin from Oct. 26 to Nov. 1 for $65.5 million, an average of $80,846 each including fees, and held 849,327 bitcoin as of Nov. 1 at an aggregate cost of $64.08 billion. [6]
04 · BitMine says it holds 6.06 million ether. BitMine Immersion said in an 8-K at 8:45 a.m. ET that it held 6,060,506 ether as of 4 p.m. ET Nov. 1, which it says is 4.9% of the total ETH supply, with 5,227,037 staked. At the 4:00 p.m. ET CoinGecko close of $2,245.55, that ether is worth about $13.61 billion, by Le Coin's calculation. Data: CoinGecko. [7][1]
05 · Cipher books its first data-center rent. Cipher Digital's third-quarter revenue was $26.7 million, $20.8 million from bitcoin mining and $5.9 million from its first high-performance computing lease revenue. Net income of $31.6 million was driven by a $127.2 million non-cash gain on its warrant liability; operating loss was $71.9 million. [8]
06 · Tether says it froze more than $1.5 billion after the Binance attack. Tether said in a release dated Nov. 2 that it "froze more than $1.5 billion in USD₮ within 30 minutes of the 29 October Binance hack," linking it in a post at 12:26 p.m. ET. The FBI's Oct. 31 alert attributed the attack to North Korea. [9][10]
07 · Threshold's tBTC bridge stays paused. Threshold said at 12:33 p.m. ET that tBTC "remains fully backed," with "approximately 4,320 BTC" in bridge wallets against "roughly 4,185 tBTC in circulation," and at 1:20 p.m. ET that "the bridge remains paused as of this time." It ties the pause to a Linux kernel flaw it identifies as CVE-2026-98432 and promises its next update "within 48 hours, or sooner." These are Threshold's figures; Le Coin has not checked them on chain. [11]
08 · Mercado Bitcoin keeps all transactions suspended. The Brazilian exchange said at 1:57 p.m. ET that "o acesso a todas as transações na plataforma está temporariamente suspenso" (Le Coin's translation: "access to all transactions on the platform is temporarily suspended"). Its 7:56 a.m. ET statement said there was no loss to customers and no data leak. It had posted no restoration notice as of 4:11 p.m. ET. [12]
09 · Standard Chartered launches tokenized deposits for Hong Kong companies. Standard Chartered said corporate clients in Hong Kong can move tokenized deposits across participating banks in real time, with interbank settlement "in central bank money, including wholesale central bank digital currency," 24/7 through the HKMA's Ensemble TX pilot. [13][14]
Open items still in play
- Binance: the next withdrawal phase, which it says is "planned for tomorrow," and a new reserves snapshot "on 2026-11-04." [4]
- Threshold tBTC: the bridge remains paused; Threshold's next update is due "within 48 hours, or sooner." [11]
- Mercado Bitcoin: transactions remain suspended with no reopening time given. [12]
Sources (15)
- Prices and market data: Powered by CoinGecko API (https://www.coingecko.com/en/api). 4:00 p.m. ET 5-minute close points; /coins/markets last updated 4:08:59 p.m. ET; /global updated 4:06:15 p.m. ET; accessed Nov. 2, 2026, 4:10 p.m. ET.
- CoinMarketCap, https://coinmarketcap.com , global metrics and Fear and Greed Index, 4:08 p.m. ET Nov. 2, 2026; accessed 4:10 p.m. EST.
- CoinMarketCap liquidations, 24 hours to 4:05 p.m. ET Nov. 2, 2026 (last updated 4:03 p.m. ET), https://coinmarketcap.com ; accessed 4:05 p.m. EST.
- Binance, "Security Incident | Recovery Update #5: October 31st PoR Snapshot Now Fully Verifiable by Users as ZK Proof Generated (2026-11-02)," Nov. 2, 2026, 7:45 a.m. ET, https://www.binance.com/en/support/announcement/detail/185bd9a4717f44088b3be70287b8237f ; accessed 8:21 a.m. EST.
- FG Imperii Acquisition Corp., Form 8-K and Ex. 99.1 (accession 0001104659-26-120989), accepted Nov. 2, 2026, 9:10 a.m. ET, https://www.sec.gov/Archives/edgar/data/2090452/000110465926120989/tm2628734d1_ex99-1.htm ; accessed 9:21 a.m. EST.
- Strategy Inc, Form 8-K (accession 0001193125-26-442707), accepted Nov. 2, 2026, 8:00 a.m. ET, https://www.sec.gov/Archives/edgar/data/1050446/000119312526442707/mstr-20261102.htm ; accessed 8:24 a.m. EST.
- BitMine Immersion Technologies, Form 8-K, Ex. 99.1 (accession 0001493152-26-049572), accepted Nov. 2, 2026, 8:45 a.m. ET, https://www.sec.gov/Archives/edgar/data/1829311/000149315226049572/ex99-1.htm ; accessed 9:06 a.m. EST.
- Cipher Digital Inc., Form 8-K, Ex. 99.1 (accession 0001819989-26-000047), accepted Nov. 2, 2026, 7:17 a.m. ET, https://www.sec.gov/Archives/edgar/data/1819989/000181998926000047/exh991-q326_earningsxprxvf.htm ; accessed 7:25 a.m. EST.
- Tether, "Tether Freezes Over $1.5 Billion From Binance Hack, Keeping Funds Out of North Korea's Reach," release dated Nov. 2, 2026, https://tether.io/news/tether-freezes-over-1-5-billion-from-binance-hack-keeping-funds-out-of-north-koreas-reach/ ; accessed 1:09 p.m. EST. Tether (@tether), post on X, 12:26 p.m. ET, https://x.com/tether/status/2117307332128329793 ; accessed 1:10 p.m. EST.
- Federal Bureau of Investigation, cyber alert, Oct. 31, 2026, https://www.fbi.gov/investigate/cyber/alerts/2026/north-korea-responsible-for-6-billion-binance-attack ; accessed Nov. 2, 2026, 6:15 a.m. ET.
- Threshold Network (@TheTNetwork), posts on X, Nov. 2, 2026, 12:33 p.m. ET, https://x.com/TheTNetwork/status/2117309034521129069 , and 1:20 p.m. ET, https://x.com/TheTNetwork/status/2117321005014089737 ; accessed 4:14 p.m. EST.
- Mercado Bitcoin (@MercadoBitcoin), reply on X, Nov. 2, 2026, 1:57 p.m. ET, https://x.com/MercadoBitcoin/status/2117330309784256726 , and post, 7:56 a.m. ET, https://x.com/MercadoBitcoin/status/2117239507263132056 ; accessed 4:14 p.m. EST. Le Coin X read of @MercadoBitcoin posts since 3:14 p.m. ET found none; accessed 4:11 p.m. EST.
- Standard Chartered, "Standard Chartered launches Tokenised Deposits in Hong Kong," press release, Nov. 2, 2026, https://www.sc.com/en/press-release/standard-chartered-launches-tokenised-deposits-in-hong-kong/ ; accessed 11:20 a.m. EST.
- Hong Kong Monetary Authority, press release 20261102-5, Nov. 2, 2026, https://www.hkma.gov.hk/eng/news-and-media/press-releases/2026/11/20261102-5/ ; accessed 11:17 a.m. EST.
- Binance announcements feed (catalog 49), https://www.binance.com/en/support/announcement , checked Nov. 2, 2026, 4:12 p.m. ET.
Holding the Corner.
Not financial advice.