The day's news in five stories, every morning and evening. Summarized by AI from trusted sources, so you don't have to read it all.
Monday, November 2, 2026
Morning edition Crypto & Bitcoin briefing
Listen or watch · 3 min 34 s
Binance wallets see $2.5B outflows after resuming withdrawals post-hack
Binance's tracked wallets recorded $2.5 billion in outflows on Nov. 1 after resuming withdrawals following a $6.3 billion security breach. The outflows included significant amounts of USDT, Bitcoin, USDC, and wrapped Ethereum.
Why it matters: The outflows indicate customer concern and movement of funds following the hack, though they represent a small fraction of Binance's total customer assets.
Sources: Bitcoin.com News · CryptoSlate · Cointelegraph · The Block · CoinDesk · CryptoNews · Crypto.news
BTCPay Server warns of hot wallet thefts, urges shutdowns
BTCPay Server issued an emergency shutdown warning after reports of attackers draining bitcoin from hot wallets connected to outdated software versions. The founder linked the compromises to versions older than 2.4.2, while newer versions like 2.4.7 appear unaffected.
Why it matters: Users running older versions of BTCPay Server are advised to shut down their servers to prevent potential fund loss from hot wallet thefts.
Sources: Bitcoin.com News · CoinDesk · Cointelegraph · Crypto.news · BeInCrypto
THORChain halts swaps after Ethereum refund error linked to Binance hack
THORChain halted swaps on 10 networks due to a 10 ETH refund error caused by an Ethereum reorg, temporarily disrupting transfers related to the Binance hack. Binance has since reopened withdrawals following the largest ever hack.
Why it matters: The incident highlights ongoing challenges in cryptocurrency security and the impact of technical errors on major exchanges.
Sources: Cointelegraph · Crypto.news
Hyperliquid faces competition and regulatory moves in US markets
Hyperliquid is dealing with rising competition from LIT crypto and regulatory interest from ICE, which plans to offer Hyperliquid-based markets in the US through a separate trading structure. The proposed changes require approvals and would involve regulated brokers.
Why it matters: These developments could influence how crypto markets operate and expand in the US financial system.
Sources: CryptoNews · Crypto.news
Bank of Korea probes financial firms on crypto risks
The Bank of Korea is surveying 31 financial institutions about potential impacts of crypto-related events on their operations. The survey includes questions on hacks, market crashes, and financial exposure.
Why it matters: This probe highlights growing concerns over the stability of financial systems linked to cryptocurrency risks.
Sources: Cointelegraph · Crypto.news
Get the briefing by email
The day's top five stories, with the audio, in your inbox.
Science briefings are coming soon. Pick it now and we'll send it when it launches.
Email me the daily read.xyz briefing. Unsubscribe anytime. We never share or sell your address.