Bitcoin Price Trades Near $77,500 as Midterm Voting Begins Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.
Bitcoin demonstrates strength in the wake of a significant exchange hack, highlighting market resilience.
As lucrative as the crypto market is, many individuals and businesses remain hesitant to enter the ecosystem. The reason? For many, it is the fear of falling victim to security exploits. Others worry about privacy, especially because blockchain transactions are publicly accessible.
Meanwhile, both the BTC ETFs and ETH ETFs bleed outflows in the Binance hack aftermath, dragging down prices.
Liquid Network has restored full Bitcoin backing for its LBTC tokens, marking a vital recovery milestone nearly two months after a security exploit drained $320 million from the Bitcoin sidechain.
The Mercado Bitcoin exploit leaves several altcoins vulnerable to further transfers and possible liquidation.
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.
ZachXBT identified more than $27 million in exchange withdrawals, raising his estimate of a suspected theft involving an unidentified EU entity above $133 million.
Tom Lee of Fundstrat assesses the recent AI-related stock selloff as having reached its bottom on CNBC's Squawk Box, citing ongoing market tightness, while noting crypto's resilience after a major hack and maintaining a positive year-end outlook.
The hack highlights the vulnerability of crypto exchanges to state-backed cyber threats and the challenges in securing comprehensive insurance coverage.
The exchange says its own systems and customer accounts were not compromised and that it is working with law enforcement on recovery.
LUNC holders are waiting for Binance’s November burn, but it hasn’t arrived as the exchange recovers from a record $6.3 billion hack.
Ethereum's exchange supply has fallen after the Binance hack, but the data points to a liquidity shift rather than panic.
South Korea’s president wants one strong agency to lead the country’s fight against hackers. Following a huge crypto theft at Binance and several attacks on Korean financial firms, President Lee Jae Myung has asked officials to study the idea of building an agency.
Binance is reopening withdrawals for additional cryptocurrencies across Ethereum, Solana and several other blockchain networks as the exchange continues restoring services following its October 29 security breach, which resulted in losses estimated at $6.3 billion.
Bitget published its Q3 2026 transparency report on November 2, claiming $1.86 trillion in combined volume and growth in every market it serves. The same document reveals a protection fund smaller than the one the exchange held before September's $387.5 million breach.
The exchange says it reserved more than $6.34 billion in company funds and is drawing on emergency and futures reserves to replace stolen assets.
Blockchain investigator ZachXBT noted Tuesday that the still undisclosed crypto loss at an unnamed Western European institution has climbed past $133 million, up from the $106 million figure he cited one day earlier.
Liquid Network restores full Bitcoin backing after a September exploit, with 602 BTC replaced as questions remain over funding and direct withdrawals.
Liquid Network said its bitcoin reserves are back to full backing after September's exploit, with Blockstream providing the funds.
Hack Impact: Mercado Bitcoin reported a loss of about $38 million after attackers drained hot wallets across at least 10 blockchains. Recovery Efforts: Roughly $11 million has been frozen with assistance from Tether, Circle, and Chainalysis, and investigations remain active.
Binance led exchanges in 24-hour net inflows, reversing Monday’s heavy outflows as it restored access to funds after its $6.3 billion hack.
Blockstream CEO Adam Back said the sidechain's defenses have been hardened, and warned developers not to trust AI-suggested fixes blindly.
South Korea’s Financial Services Commission (FSC) urged exchanges to hold more crypto in cold wallets. The request follows a $6.3 billion attack on Binance’s hot wallets last week. South Korean law already requires exchanges to keep at least 80% of customer crypto offline.
A final 250 BTC transfer closed the hole left by September’s bug, but the federation behind the network still hasn’t said who paid to fill it.
Binance's SAFU wallet holds 7,500 BTC after a 7,499 BTC transfer on October 31 tied to its $6.3 billion hack, with no timeline to refill it.
Scammers may cite genuine token addresses to appear legitimate, the company said, directing users to its official Solana mint directory.
Shiba Inu withdrawals return to Binance as the exchange continues to take crucial measures to curtail the damage caused by the recent $6 billion exploit.
BitMine Chairman Tom Lee says crypto’s muted response to the $6.3 billion Binance hack signals a bull market. However, stablecoin and sentiment data show money and confidence still leaving the market.
Binance began a second phase of crypto withdrawals from 04:00 UTC on Tuesday. The move follows last week’s $6.3 billion hack and an initial reopening on Nov. 1. Phase two covers networks such as Ethereum, Solana, XRP Ledger, Tron and Base.
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