24H Trending Coins & News | Binance Resumes Withdrawals After ~$3.64B Net Outflow Yesterday; 56 Major Attacks Hit Crypto Industry in October (November 2)
- Key Takeaways: Binance suffered an attack by North Korea's Lazarus Group with losses of approximately $6.3 billion, triggering a $3.64 billion net outflow, though the market is stabilizing; crypto industry security losses surged 745% month-over-month in October, while political and regulatory tensions escalate in parallel.
- Key Elements:
- Binance restored withdrawals across 15 networks in phases, processing a cumulative $4.649 billion in withdrawals and $1.01 billion in deposits; the $3.64 billion net outflow represents only 2.1% of its $171 billion AUM.
- The crypto industry experienced 56 major attacks in October, with losses of approximately $6.48 billion, up 745% month-over-month; the Binance incident was the largest of the year, with about $3 billion already frozen.
- Lazarus Group has stolen a cumulative $11.87 billion, equivalent to 45% of North Korea's GDP; the Binance incident was its most profitable attack to date.
- Three major crypto PACs spent nearly $170 million ahead of the U.S. midterm elections, with Fairshake alone accounting for $154 million, with an overall lean toward the Republican Party.
- Goldman Sachs data shows hedge funds liquidated all AI stock long positions accumulated since the start of 2025 within five trading days, reducing tech stock holdings by about $20 billion over two weeks.
- Total stablecoin supply fell to $298.5 billion, a new low since August; Bitcoin miners' October revenue hit $1.215 billion, an 11-month high.
- The CPC Central Committee explicitly pledged to crack down on corruption involving virtual currencies and blockchain; South Korea's Financial Services Commission convened an emergency meeting on security threat response.
1. Top Trending CEX Tokens
Top 10 CEX tokens by trading volume and their 24-hour price changes:
- BTC: +0.57%
- ETH: +0.54%
- SOL: -1.84%
- ZEC: -2.44%
- BNB: +0.75%
- TRX: +1.54%
- NEAR: -4.01%
- PEPE: -3.06%
- XRP: -0.95%
- UNI: +0.96%
Top 24-hour gainers (data source: OKX):
- AIN: +22.21%
- TRUMP: +8.28%
- HOT: +8.17%
- SOPH: +7.15%
- BEAMX: +6.86%
- MARSCOIN: +2.88%
- BIO: +2.47%
- COTI: +2.18%
- INIT: +2.11%
- GT: +1.88%
Top 24-hour tokenized stock gainers (data source: msx.com):
- KORUB: +5.12%
- SOXLB: +4.01%
- INTWB: +2.86%
- SNDKB: +2.00%
- SKHYB: +1.97%
- DRAMB: +1.90%
- MUB: +1.42%
- INTCB: +1.15%
- MSTRB: +1.04%
- CRCLB: +0.94%
2. Top 2 Trending On-Chain Meme Coins (Data Source: GMGN):
- BLOB (Solana) — Personifies Dario Amodei's "Big Blob of Compute" scaling hypothesis as an orange AI pet that forever cries "Just one more," with chips, power plants, and data centers all becoming its food. The ever-hungry image is a playful jab at AI compute spending and subscription bills; its market cap surpassed $1.4 million on November 1.
- DESSA (Solana) — An unofficial Solana meme coin created around the buzz of Jack Dorsey and Block launching the voice AI Dessa, with the slogan "Zero books. All yap."; its market cap surpassed $30.38 million on November 1.
Headlines
Binance announced that it began phasing in withdrawal services at 06:00 (UTC) on November 1 and completed the first phase of withdrawal restoration across 15 networks and assets at 12:36. As of 15:30 that day, Binance had processed $4.649 billion in withdrawals and $1.01 billion in deposits, with net outflows of approximately $3.64 billion, representing 2.1% of its $171 billion total assets under management (AUM). Binance stated that withdrawal volume spiked initially before declining and stabilizing, while deposit volume remained elevated, indicating stable market conditions. In addition, Binance completed a new proof-of-reserves (PoR) snapshot at 00:00 (UTC) on October 31 and initiated zero-knowledge proof (ZKP) computations, with the updated report expected to be published on the PoR website on November 2. The team is still testing the remaining networks and assets, and the restoration schedule for subsequent phases will be announced in due course.
Losses up approximately 745% month-over-month; 56 major attacks hit the crypto industry in October
According to PeckShield data, the crypto industry experienced 56 major security incidents in October 2026, with cumulative losses of approximately $6.48 billion, up roughly 745% from approximately $766 million in September. Among these, the Binance security incident caused approximately $6.3 billion in losses, with a further approximately $3 billion in assets frozen. It is the largest crypto industry security incident by loss amount so far this year, exceeding Bitget's approximately $387 million and Liquid Network's approximately $320 million, which rank second and third respectively. Approximately $285 million has been recovered in the Liquid Network incident. As of October 31, the top ten attacks by loss amount this year had caused a combined approximately $8.6 billion in losses, accounting for 92.3% of the year's total losses; this statistic has not yet deducted frozen and recovered funds. In addition to the above incidents, Drift, KelpDAO/LayerZero, and COLDCARD Wallet also ranked among the top ten by annual losses.
In the final weeks before the US midterm elections on November 3, crypto industry-related political action committees (PACs) further increased their political spending, with an overall tilt toward supporting Republican candidates. The three major crypto industry PACs have collectively spent nearly $170 million, of which Fairshake and its affiliated organizations spent $154 million and retained $56 million for the next election cycle. In addition, the Digital Freedom Fund, primarily backed by the Winklevoss brothers, spent over $8 million this month, focusing on preventing Democratic candidates from winning Senate seats in Ohio, Texas, and Iowa. The Fellowship Fund, which has close ties to Tether, previously contributed $3.8 million to Republican candidates and subsequently $600,000 to Democratic candidates, including $300,000 in support of New York Representative Ritchie Torres. Although the relevant PACs all lean toward supporting Republicans, the industry still frames its political spending as bipartisan and aimed at supporting crypto-friendly candidates. Fairshake's major financial backers include Coinbase, a16z, and Ripple Labs. The crypto industry's nearly $170 million in political spending makes it one of the most active industries in terms of political funding in this US congressional election cycle. (CoinDesk)
Industry News
Goldman Sachs: Hedge funds liquidate all AI stock purchases since 2025 in 5 days
Goldman Sachs data shows that hedge funds sold off all global AI-related stocks they had accumulated since the start of 2025 in just five trading days, marking five consecutive trading days of net selling of global AI stocks. In addition, hedge funds reduced tech holdings by approximately $20 billion over two weeks, most of which came from selling existing positions, at a pace 3.5 times faster than new short positions in AI-related stocks. Goldman Sachs' basket of hedge funds' most favored stocks fell 4.2% on October 22, the largest single-day drop since 2011. Steno Research, citing Morgan Stanley data since 2016, said overall hedge fund equity exposure was cut by approximately 7.8%, the largest decline in that data series.
Paradis posted on X that Apple is negatively correlated with the Nasdaq 100 ETF (QQQ) for the first time in history. The market views Apple as a safe haven from AI capital expenditure.
Bitcoin miners' October mining revenue reaches $1.215 billion, an 11-month high
Bitcoin miners' October mining revenue reached $1.215 billion, the highest level since November 2025. Bitcoin's price fell 7.3% during the month, but miners' monthly revenue remained above the approximately $1.2 billion recorded in December 2025. As of November 1, the Bitcoin hash price stood at $33.18 per PH/s per day, down 17.54% from $40.24 on October 1. Hash price measures the estimated daily revenue per unit of hashrate. Bitcoin network hashrate was 1,082.24 EH/s, with an average block time of approximately 9 minutes 52 seconds. Miners' revenue in November 2025 was $1.26 billion.
Total stablecoin supply falls to $298.5 billion, lowest since August
The total stablecoin supply has decreased by $3.1 billion since October 28 to $298.5 billion, the lowest level since August and down $5.2 billion from January 1, 2026. In 2025, stablecoin supply increased by approximately $100 billion, or 49%, rising from $203.2 billion to $303.7 billion. Between January 1, 2026, and October 28, total stablecoin supply decreased by $2.1 billion overall; the year's peak was $315.5 billion on May 17, all of which has since been erased.
Bitcoin News posted on X that Strategy's filing with the US Securities and Exchange Commission shows Chief Financial Officer Andrew Kang will step down on November 5. The company said his departure is for personal reasons and is unrelated to any disagreement over company operations or policies. Chief Executive Officer Phong Le will temporarily take over as CFO, with Reza Virasteh to succeed in January 2027; during this period, Phong Le will continue to directly oversee Strategy's Bitcoin treasury, capital markets, and financing activities.
Holdings fall to 518 BTC; Bhutan once held approximately 13,000 BTC
According to Bitcoin News monitoring, Bhutan once held approximately 13,000 BTC, nearly twice El Salvador's holdings. Today, tracking data shows Bhutan holds 518 BTC.
Project News
Hyperliquid total withdrawals surpass $100 billion
Data disclosed by HyperliquidNews shows that total withdrawals on the Hyperliquid platform have surpassed $100 billion, with a screenshot showing the metric reaching $100.47 billion.
ICE tokenized stock project opposed by 50 issuers; Nike, Nvidia among new additions
According to crypto journalist Eleanor Terrett, the list of issuers objecting to OKX and Intercontinental Exchange (ICE) tokenizing stocks through its TSV platform has grown to 50, with new additions including Nike, Costco, Micron Technology, Reddit, and Nvidia. The project initially planned to tokenize the stocks of 62 companies, and 50 issuers have now voiced opposition.
OnePay opens stablecoin deposits; funds arrive instantly and convert automatically to USD
Walmart-backed OnePay has launched a stablecoin deposit service powered by Stripe. Some US users can now deposit stablecoins from external wallets into their OnePay Checking accounts, with funds automatically converted to USD and credited instantly, with no conversion fees during the initial rollout. The service currently supports USDC across 12 blockchains including Tempo, Base, Solana, and Ethereum, and OnePay will evaluate adding more stablecoins in the future.
Genius launches revenue-driven buyback and burn mechanism
Genius announced an expansion of GENIUS's role in the ecosystem: a portion of Genius App revenue will be used to buy back and permanently burn GENIUS. Holders will be able to enjoy fee discounts in the Genius App and other applications in the future; holding at least 1,000 GENIUS will grant certification, displaying them as a top-tier Genius in the app, and may qualify them for future airdrops and other in-app benefits.
Funding and Investment
AI inference company Baseten announced the launch of a new $2 billion funding round at a valuation of up to $30 billion, with existing investor Sands Capital expected to lead. Founded in 2019, Baseten primarily provides enterprises with an AI model deployment and inference platform to help businesses run various AI models. It completed a $1.5 billion funding round in June this year at a valuation of $13 billion, while competitor Fireworks AI completed a $1.5 billion funding round in July at a valuation of $17.5 billion. Nvidia reportedly invested $150 million in Baseten in January this year, stepping up its push into AI inference. (Bloomberg)
Regulatory Developments
Cynthia Lummis said hackers stole $6.3 billion worth of crypto assets this week and moved them to different blockchains within minutes. The CLARITY Act proposes a pilot program to promote direct intelligence sharing between crypto firms and federal law enforcement agencies. She said coordinated action between the industry and law enforcement can curb the movement of stolen funds.
The CPC Central Committee's Decision on Several Major Issues Concerning Persevering in Advancing Full and Rigorous Party Governance states that it will unswervingly advance the integrated approach of ensuring officials dare not, cannot, and do not want to be corrupt, and resolutely crack down on corruption carried out via the internet, virtual currencies, cross-border funds, and blockchain. (Xinhua)
South Korea's Gyeonggi Province has suspended its research project on a stablecoin adoption plan, reportedly citing the need to consider policy developments such as the Digital Asset Basic Act. The project was reportedly launched in early July this year, with the first phase of proof-of-concept (PoC) originally planned for August and the second phase of expansion and testnet planned for October to December, but no substantive progress has been made so far. However, a Gyeonggi Province official explained that the project has not been canceled and that the suspension is mainly due to considerations of the policy environment rather than a full budget cut. The original completion date of February 2027 will be affected, and the final completion time may be delayed. (NexBlock)
In light of a recent spate of hacking incidents, South Korea's Financial Services Commission (FSC) will hold an emergency meeting on AI security threat response in the financial sector on November 5, chaired by FSC Chairman Lee Eok-won
