The market’s main focus today is Bitcoin’s recovery and Binance resuming withdrawals after the largest hack in crypto history, amid intriguing moves by the hacker and authorities.
🏦 First: Binance resumes withdrawals and covers 95% of losses
· Withdrawals resume: This morning (November 1), the exchange began re-enabling withdrawals in phases for 15 digital assets (including BTC, $ETH, $XRP, and $DOGE), after covering 95% of the stolen assets ($6.3 billion) using company funds and the SAFU fund.
· Massive outflows: In just the first 3 hours, Whale Alert detected nearly $2 billion leaving the platform, while Binance recorded total withdrawals of $4.65 billion versus deposits of $1.01 billion over 9.5 hours.
🕵️ Second: The hacker moves the funds... and the FBI identifies those responsible
· Suspicious transfers: Lookonchain detected the hacker's wallet transferring 486,970 $SOL (worth $46.4 million) via the Relay Protocol, in what is believed to be an attempt to convert it to BTC.
· Pointing the finger: The FBI officially announced that North Korea's "TraderTraitor" unit was responsible for the attack, citing similarities in tactics to previous attacks. President Trump, meanwhile, said Washington had "not yet confirmed" Pyongyang's involvement.
📈 Third: Bitcoin recovers and altcoins make a move
· Bitcoin's recovery: $BTC rose to around $78,133 (up 1.1%), recovering from the sell-off that followed the breach, while $ETH returned to $2,272.
· Altcoin star: Lighter (LIT) led the way, rising 18% to $3.19, while coins such as Dessa and dKargo posted strong gains amid relative calm in trading of major cryptocurrencies.
🩸 Fourth: The world bleeds (Black October)
Last October, investors' portfolios around the world took a devastating hit. The global cryptocurrency market lost more than $300 billion in total value!
· Bitcoin ($BTC) fell sharply, reaching $77,700.
· Ethereum ($ETH) took an even harder hit, falling by more than 16%.
· The result: panic selling and the liquidation of positions worth $6 billion. In short... the market was in a state of "panic."
🇲🇦 Fifth: Morocco wows everyone (a pleasant surprise)
By contrast, while everyone else was selling and losing money, a global report revealed a major surprise:
· Morocco received $14.7 billion in cryptocurrency inflows in just one year (from July 2025 to June 2026).
· This figure represents 15% growth, even as the global market as a whole declined by 37% over the same period!
And the reason isn't speculation or passing "trends." Analysis reports reveal that Moroccans use cryptocurrency for practical purposes:
· Cross-border money transfers (cheaper and faster).
· Paying for services and products online.
· Proof that crypto isn't just "gambling," but a real financial tool that supports economies and makes people's lives easier.
💡 In summary: The market is breathing a sigh of relief after withdrawals resumed, but everyone's attention is now on the hacker's moves and whether law enforcement can recover the remaining stolen assets.
