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Morning brief: Binance reopens U.S. dollar withdrawals; Secret Service details asset freeze
Binance says customers can again withdraw U.S. dollars and four other currencies, while the Secret Service says its investigators worked with industry partners to freeze part of the funds within minutes. Bitcoin traded at $77,801 at 6:23 a.m. ET, down 0.21% over 24 hours.
Morning brief: Binance reopens U.S. dollar withdrawals; Secret Service details asset freeze
What matters today
- Binance cash-out widens. Binance says withdrawals in U.S. dollars, the UAE dirham, the Vietnamese dong, the Philippine peso and the Indonesian rupiah are available again, adding to 23 currencies already live. [1]
- The reserves check is still pending. Binance said on Sunday its updated Proof of Reserves report, its published check that customer balances are backed, would be on its website on Monday. [2]
- Investigators speak. The U.S. Secret Service says its investigators worked with industry partners within minutes to freeze "a significant portion" of the funds taken from Binance, and that it is working with the FBI and five other federal offices. [4]
- Self-hosted merchants on notice. BTCPay Server says the attack on its software targeted versions 2.4.1 and older. [7]
- Majors little changed. Bitcoin was little changed over 24 hours and ether was up 0.62%. [3]
Overnight crypto
Bitcoin traded at $77,801.00 at 6:23 a.m. ET, down 0.21% over 24 hours. Ether was at $2,282.82, up 0.62%, and Solana at $93.88, down 1.51%. Total crypto market value was $2.600 trillion. These are 24-hour changes, not moves from the prior U.S. close. [3]
Bitcoin's share of total crypto market cap stood at 59.99% as of 5:17 a.m. ET, and CoinMarketCap's Fear and Greed Index read 36 (Fear) at 5:08 a.m. ET. Data: CoinMarketCap. [9]
Figure 1. Top 10 by market cap, excluding stablecoins, meme coins and a tokenized loan product, 6:23 a.m. ET Nov. 2:
| Rank | Token | Price | 24h change | Market cap |
|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $77,801.00 | −0.21% | $1,564.22B |
| 2 | Ether (ETH) | $2,282.82 | +0.62% | $278.92B |
| 3 | BNB | $704.22 | −1.48% | $92.61B |
| 4 | XRP | $1.25 | −0.38% | $79.14B |
| 5 | Solana (SOL) | $93.88 | −1.51% | $55.41B |
| 6 | TRON (TRX) | $0.3161 | +1.93% | $30.04B |
| 7 | Zcash (ZEC) | $1,244.76 | +0.03% | $21.18B |
| 8 | Hyperliquid (HYPE) | $85.63 | −2.41% | $20.50B |
| 9 | Monero (XMR) | $609.67 | +0.75% | $11.48B |
| 10 | WhiteBIT Coin (WBT) | $74.79 | −0.09% | $8.88B |
TRON's TRX (+1.93%) led the table; Hyperliquid's HYPE (−2.41%) was the weakest. [3]
Liquidations
Forced closures of leveraged positions on perpetual futures, contracts with no expiry, are tallied by CoinMarketCap. In the 24 hours from 6:23 a.m. ET Sunday to 6:23 a.m. ET Monday, crypto short liquidations totaled up to $64.8 million and long liquidations up to $59.8 million, by Le Coin's calculation. That crypto figure subtracts only the non-crypto entries in CoinMarketCap's top-250 list, so it slightly overstates. Non-crypto perpetuals such as stocks and commodities saw shorts of $5.0 million and longs of $5.8 million. Data: CoinMarketCap. [10]
Figure 2. Liquidations, 24 hours to 6:23 a.m. ET Nov. 2:
| Segment | Shorts | Longs |
|---|---|---|
| All CMC-tracked perpetuals | $69.8M | $65.6M |
| Crypto perpetuals (ceiling) | $64.8M | $59.8M |
| Non-crypto perpetuals (floor) | $5.0M | $5.8M |
Data: CoinMarketCap.
Figure 3. Largest liquidations by asset, 24 hours to 6:23 a.m. ET Nov. 2, ranked by amount liquidated (24h price change in parentheses):
| Crypto | Shorts | Longs |
|---|---|---|
| Bitcoin (−0.11%) | $26.4M | $9.1M |
| Ether (+0.74%) | $23.0M | $11.7M |
| Solana (−1.40%) | $1.8M | $5.2M |
| Zcash (+0.10%) | $2.1M | $3.0M |
| Hyperliquid (−2.28%) | $0.5M | $4.0M |
| Non-crypto | Shorts | Longs |
|---|---|---|
| SK hynix (+4.13%) | $1.0M | $0.6M |
| SanDisk (+1.09%) | $0.4M | $1.0M |
| Crude oil futures (−3.17%) | $0.0M | $1.1M |
| Direxion Daily Semiconductor ETF (+2.87%) | $0.4M | $0.6M |
| Yushu Technology (+0.34%) | $0.6M | $0.4M |
Data: CoinMarketCap. Rows rounded to $0.1 million. Price changes are CoinMarketCap quotes at 6:23 a.m. ET and differ slightly from the CoinGecko figures above.
What printed
01 · Binance restores fiat withdrawals, including U.S. dollars. In a "Fiat Withdrawal Update" at 3:00 a.m. ET, Binance said "fiat withdrawals are now available" and listed as new "USD," "AED," "VND," "PHP" and "IDR." It listed 23 as current: "JPY, VES, BRL, MXN, ARS, BHD, KZT, EUR, CHF, CZK, HUF, KWD, PLN, RON, SEK, CDF, KES, SLE, UGX, XAF, XOF, ZMW, and KGS." [1] On Sunday Binance said that between 1:00 and 10:30 a.m. ET it "processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in a net outflow of approximately $3.64 billion," which it said "represents 2.1% of our $171 billion in total assets under management," based on Proof of Reserves data as of Oct. 28. It said "the updated report is expected to be available on our PoR website tomorrow"; it had not appeared as of 6:13 a.m. ET. [2][3]Earlier, at 11:04 p.m. ET Oct. 31, Binance said it had "already covered $6B of the impacted amount of the hacked loss." [6] Earlier Le Coin report on Sunday's reopening
02 · Secret Service says it helped freeze part of the Binance funds within minutes. The U.S. Secret Service said in a post on X at 1:11 p.m. ET Sunday that "within minutes of the incident on Thursday afternoon," its investigators worked with industry partners "to identify and freeze a significant portion of stolen cryptocurrency." It gave no dollar figure. The agency said it is working with "the @FBI, @IRS_CI, the @USAO_DC and the U.S. Attorney’s Office for the Central District of California, DOJ CCIPS, and @DOJNatSec." [4] The FBI's alert, published Oct. 31, attributes the attack to North Korea's "TraderTraitor" activity, saying North Korea "was responsible for the theft of more than $6 billion USD in virtual assets," and lists more than 600 Ethereum addresses it asks node operators, exchanges and DeFi services to block. [5] Neither statement announces charges. Earlier Le Coin report on the FBI alert
03 · BTCPay Server says the attack targeted versions 2.4.1 and older. BTCPay Server, the open-source payment processor merchants run on their own servers, said in a post on X at 11:07 p.m. ET Sunday that its investigation "identified an attack vector targeting instances running versions 2.4.1 (Jul 23, 2026) or older" and that it has "no credible reports of hot wallet drains" on the latest 2.4.7 release. [7] That followed its 5:25 p.m. ET post telling operators to shut down their servers. [8] BTCPay has not disclosed losses or how many servers were hit. Earlier Le Coin report
On the calendar
| Date | Time (ET) | Event |
|---|---|---|
| Fri. Nov. 6 | 8:30 a.m. | U.S. jobs report for October (BLS Employment Situation) |
Source: Bureau of Labor Statistics release schedule. [11] Descriptive calendar only.
The tell (Le Coin's view)
In Le Coin's view, the number to watch today is Binance's updated Proof of Reserves report. The company has reopened dollar withdrawals and says it has covered $6 billion of the impacted amount; the report is where those claims can be set against what it holds.
Stop
Binance says U.S. dollar withdrawals are back, alongside four more currencies. The Secret Service says part of the funds was frozen within minutes, without giving an amount.
Sources (11)
- Binance (@binance), "Fiat Withdrawal Update," post, Nov. 2, 2026, 3:00 a.m. ET, https://x.com/binance/status/2117164969582330063 , accessed Nov. 2, 2026, about 6:15 a.m. ET.
- Binance (@binance), post, Nov. 1, 2026, 11:12 a.m. ET, https://x.com/binance/status/2116926305254133892 , accessed Nov. 1, 2026, about 12:10 p.m. ET.
- Prices: Powered by CoinGecko API (https://www.coingecko.com/en/api). Endpoints /coins/markets and /global, last updated Nov. 2, 2026, 6:23–6:24 a.m. ET; DAE pack drop/2026-11-02-morning-brief/pack.md (sha256 6d612967156b6600989d3ce072dd6981e15a0550b16575ac491bac4f140e6b1b), which also records the Binance announcement-feed check at 6:13 a.m. ET.
- U.S. Secret Service (@SecretService), post, Nov. 1, 2026, 1:11 p.m. ET, https://x.com/SecretService/status/2116956218887389218 , accessed Nov. 2, 2026, 6:16 a.m. ET.
- Federal Bureau of Investigation, "North Korea Responsible for $6 Billion+ Binance Attack," published 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.
- Binance (@binance), post, Oct. 31, 2026, 11:04 p.m. ET, https://x.com/binance/status/2116728061765034338 .
- BTCPay Server (@BtcpayServer), post, Nov. 1, 2026, 11:07 p.m. ET, https://x.com/BtcpayServer/status/2117106238123123008 .
- BTCPay Server (@BtcpayServer), post, Nov. 1, 2026, 5:25 p.m. ET, https://x.com/BtcpayServer/status/2117020340815819262 .
- CoinMarketCap, https://coinmarketcap.com , bitcoin dominance 5:17 a.m. ET and Fear and Greed Index 5:08 a.m. ET Nov. 2, 2026; backing file cmc-context-line-backing-0518et.csv (sha256 5aa61aaf0464cf0c6a01b7cf1e257265507b3c72706e1722c10fce266699fd8f).
- CoinMarketCap liquidations, 24 hours to 6:23 a.m. ET Nov. 2, 2026 (aggregate 6:23 a.m. ET; per-asset list 6:24 a.m. ET; quotes 6:23 a.m. ET), https://coinmarketcap.com ; DAE pack sha256 6d612967156b6600989d3ce072dd6981e15a0550b16575ac491bac4f140e6b1b.
- U.S. Bureau of Labor Statistics, Employment Situation release schedule, https://www.bls.gov/schedule/news_release/empsit.htm , accessed Nov. 1, 2026, about 3:33 p.m. ET (frozen copy; bls.gov blocks automated fetches).
Holding the Corner.
Not financial advice.