1.Binance Resumes Withdrawals

Binance officially resumed phased withdrawal services on November 1 following the $6.3 billion security incident, with Bitcoin network leading the rollout. The exchange confirmed 95% of stolen funds covered from reserves, ensuring user balances remain fully protected across major assets including BTC, ETH, USDT, BNB, and SOL. Link

2.Binance Hack Recovery Update

BeInCrypto reports Binance has recovered approximately 95% of the $6.3 billion stolen in the October 29 hack attributed to North Korea's TraderTraitor group. The exchange implemented phased withdrawal restoration starting with Bitcoin, with partners freezing an estimated $2.7-3 billion while markets experienced $628 million in leveraged liquidations.

3.China Crypto Corruption Crackdown

China's Communist Party issued directives calling for intensified crackdown on corruption involving cryptocurrencies, internet platforms, cross-border capital flows, and blockchain technology. The decision emphasizes unified anti-corruption measures targeting digital asset misuse in financial crimes and illicit fund transfers across borders.

4.Crypto Industry Political Spending

U.S. crypto industry invested approximately $63 million to block former Senator Sherrod Brown's Ohio reelection bid, with Fairshake PAC contributing $56 million and Winklevoss brothers' PAC adding $7.2 million. Total political spending against Brown exceeds $100 million over two years, as prediction markets assign him 68% win probability.

5.Strive Hints BTC Purchase

Strive CEO Matt Cole posted Bitcoin holdings chart with caption 'New engine activated', signaling potential BTC accumulation disclosure next week. The pattern mirrors MicroStrategy founder Michael Saylor's approach, suggesting corporate treasury expansion as Bitcoin maintains institutional adoption momentum following recent market volatility.

🐋 Whale Movements

Lookonchain detected the Binance hacker transferring 487,000 SOL worth approximately $46.4 million through Relay Protocol to convert stolen funds into Bitcoin. Symbiosis protocol actively intercepted attempts to move hack-related funds, coordinating with Binance to prevent further unauthorized transfers across multiple blockchain networks.

254,123,678 USDT ($254.1M) transferred from Binance to unknown wallet via Tron network, indicating significant stablecoin movement

3,000 BTC ($233.8M) moved from Binance to unknown wallet, representing major Bitcoin outflow from the exchange

2,474 BTC ($192.9M) transferred from unknown wallet to Binance, showing substantial Bitcoin deposit activity