Briefs · Morning brief
Binance began a second, larger withdrawal reopening overnight and says hourly deposits now exceed withdrawals, while Brazil's Mercado Bitcoin says it has blocked $11 million. Bitcoin traded at $77,139 at 6:17 a.m. EST, down 0.85% over 24 hours.
| Asset | Now (6:17 a.m. EST) | 24h change | Nov. 2, 4 p.m. EST |
|---|---|---|---|
| Bitcoin (BTC) | $77,139 | −0.85% | $76,674.54 |
| Ether (ETH) | $2,268.64 | −0.64% | $2,245.55 |
| Solana (SOL) | $92.56 | −1.27% | $91.44 |
| BNB | $698.18 | −0.85% | $694.68 |
| XRP | $1.26 | +0.91% | $1.2453 |
All five traded above their 4 p.m. EST Monday levels, a CoinGecko 5-minute point, even as 24-hour changes were mostly negative. [10]
Total crypto market value was $2.58 trillion at 6:18 a.m. EST, down 3.39% over 24 hours, and bitcoin's share was 59.88%, according to CoinGecko. [10]
On CoinMarketCap's measure, bitcoin's share stood at 59.93% at 5:19 a.m. EST, and its Fear and Greed Index read 34 (Fear) at 5:08 a.m. EST. Data: CoinMarketCap. [11]
Figure 1. Movers, top 50 by market cap, excluding stablecoins, tokenized gold, cash-like funds and meme coins, 24 hours to 6:17 a.m. EST:
| Gainers | 24h change | Decliners | 24h change |
|---|---|---|---|
| Monero (XMR) | +2.56% | NEAR Protocol (NEAR) | −6.05% |
| Canton (CC) | +2.48% | Zcash (ZEC) | −5.69% |
| TRON (TRX) | +2.12% | Ethena (ENA) | −4.25% |
| Uniswap (UNI) | +1.21% | Gram (GRAM) | −3.17% |
| OKB (OKB) | −2.80% |
Forced closures of leveraged crypto positions fell mostly on buyers. Short liquidations totaled $33.5 million and long liquidations $225.5 million over the 24 hours to 6:18 a.m. EST. Non-crypto perpetuals, such as stocks and commodities, added at least $10.0 million in shorts and $102.7 million in longs; that figure is a floor, from CoinMarketCap's top-250 list only. Data: CoinMarketCap. [12]
Figure 2. Largest crypto liquidations, 24 hours to 6:18 a.m. EST (24h price change in parentheses):
| Coin | Shorts | Longs |
|---|---|---|
| Bitcoin (−0.8%) | $8.8M | $87.4M |
| Ether (−0.6%) | $11.1M | $36.2M |
| Solana (−1.4%) | $1.3M | $21.4M |
| Zcash (−6.0%) | $1.8M | $12.2M |
| Hyperliquid (−1.5%) | $0.6M | $10.7M |
Data: CoinMarketCap. Price changes are CoinMarketCap quotes and differ slightly from the CoinGecko figures above.
01 · Binance starts a second withdrawal reopening. Binance began reopening withdrawals for a second batch of assets at 11 p.m. EST Monday; by 2:08 a.m. EST it had confirmed only its Ethereum and Solana assets as live, and at 12:51 a.m. EST it said "we are seeing hourly deposits exceed withdrawals," a claim it gave no figures for. [1][2][3][4]
02 · Mercado Bitcoin says $11 million is blocked. The Brazilian exchange said in a post on X at 6:17 p.m. EST Monday that "o valor dos ativos envolvidos é de cerca de US$ 38 milhões" ("the value of the assets involved is about US$38 million") and that, with partners "incluindo Tether, Circle, Paxos, BRL1 e Chainalysis" ("including Tether, Circle, Paxos, BRL1 and Chainalysis"), "já bloqueamos US$ 11 milhões" ("we have already blocked US$11 million"). [5][6]It said customers will have "nenhuma perda de ativos" ("no loss of assets"). [5] In a reply at 7:41 p.m. EST it said it does not yet have "uma previsão exata" ("an exact forecast") for resuming services. [7] All figures are Mercado Bitcoin's; translations are Le Coin's.
03 · Bitwise 10 Crypto Index ETF lined up for NYSE Arca. NYSE Arca has filed for immediate effectiveness of a rule change to list the Bitwise 10 Crypto Index ETF under its generic standard for commodity-based trust shares (Rule 8.201-E), according to an SEC notice published in the Federal Register on Tuesday. The change is operative after 30 days unless the SEC shortens that period. As amended, the generic standard lets up to 15% of a trust's net asset value consist of digital commodities or securities that don't independently meet its core eligibility criteria. [9]
04 · Strategy files its third-quarter report. Strategy's 10-Q, accepted by the SEC at 5:23 p.m. EST Monday, reports "net income of $19.53 billion" for the three months ended Sept. 30 and says it held "approximately 847,666 bitcoins" at quarter-end and "approximately 848,517 bitcoins" as of Oct. 25. [8]
05 · Securitize adds stocks on Solana. Securitize said Monday it added 13 tokenized U.S. stocks on Solana, among them Exxon Mobil, Walt Disney and Uber, bringing its offering to 25, by its count. [13]
06 · Threshold's tBTC bridge is still paused. Threshold had posted nothing new as of 6:20 a.m. EST; its last status, at 1:20 p.m. EST Monday, said the bridge "remains paused as of this time," and it promised its next update "within 48 hours, or sooner." [14][15]
| Time (EST) | Event |
|---|---|
| 11:30 a.m. | Treasury 6-week bill auction, $100 billion offering |
| 1:00 p.m. | Federal Reserve commercial paper release |
| 4:15 p.m. | Federal Reserve H.15 selected interest rates |
Sources: TreasuryDirect upcoming auctions; Federal Reserve release calendar. [16][17]
In Le Coin's view, the morning's figures from both exchanges are their own. Binance gave no numbers behind its deposits claim, and Mercado Bitcoin's $38 million and $11 million have not been independently verified.
Binance began a second withdrawal reopening, Mercado Bitcoin says $11 million is blocked, and Strategy's 10-Q reports 847,666 bitcoins held at Sept. 30. Bitcoin traded at $77,139 at 6:17 a.m. EST.
Holding the Corner.
Not financial advice.