Crypto Market Today, October 31, 2026: Binance Fallout, BTC Up 0.8%
Bitcoin edged up 0.8% to about $77,400 as the Binance hack recovery, ETF outflows and a Monday reserve report kept traders cautious on October 31.
Most large cryptocurrencies finished the day in a narrow range on October 31, with the aftermath of the reported $6.3 billion Binance hack still setting the tone. Bitcoin was near $77,425, up 0.8% over 24 hours, while Ether rose 0.4% to about $2,251 and BNB gained 0.4% to roughly $702. Solana added 0.4% to about $95.64, and XRP slipped 0.1% to $1.25.
The bigger moves came in a handful of altcoins. Chainlink's LINK rose 4.9% to $11.81 and TON gained 3.2% to $1.20. TRX fell 7.7% to about $0.304 and DOT lost 3.0%, and the material we reviewed gives no reason for either drop. HYPE was down 2.1% at about $87.80.
Binance recovery in focus
Binance has moved to reassure users. According to Bitcoin.com News, the exchange says 10 cryptocurrencies, including BTC, ETH and XRP, are now fully backed after it replaced about 90% of the stolen assets. It is sourcing less liquid tokens for the rest and is aiming to restart withdrawals on Sunday. A separate Bitcoin.com News report said Binance's Oct. 30 update put coverage at about 80%, so the figures differ, possibly because they were published at different times.
Lookonchain reports that Binance is buying back stolen assets through market channels and over-the-counter deals. It also reported that the exchange's SAFU Fund moved 7,500 BTC, worth about $580.88 million, to a new wallet, and that Ethena deposited about 128.63 million ENA (roughly $24 million) into Binance. Lookonchain's snippets do not say why the funds moved or whether the deposit is linked to the recovery.
Unverified online claims that the hack was an inside job are adding noise, Bitcoin.com News reported. Skeptics are questioning the timing of Binance's proof-of-reserves release, due Monday, Nov. 2. Separately, Wu Blockchain, citing Chainalysis, said an Ethereum reorganization on October 31 caused THORChain to issue a double refund on a 10 ETH deposit. That led to an emergency pause of most cross-chain swaps and delayed North Korean launderers moving Binance-linked funds.
Flows, policy and other stories
Institutional demand looked weaker. Wu Blockchain reported that U.S. spot Bitcoin ETFs had $643 million of net outflows on October 30, including $234 million from BlackRock's IBIT. Spot Ether ETFs lost $156 million, their fifth straight day of net outflows. CoinDesk reported that Nasdaq-listed Next Technology Holding has authorized sales of, or loans against, its 5,833 BTC (about $450 million), citing the Binance hack and quantum computing risk. The company says none of its coins sit at Binance.
On policy, Bitcoin.com News said the CFTC chair is urging exchanges to register voluntarily with federal regulators. A Republican senator argues Congress missed its chance to strengthen defenses. Cointelegraph reported that political figures are using the hack as an election talking point, though it gave no policy details.
HYPE is the odd one out. Cryptopolitan said Stan Druckenmiller disclosed an investment in Trade[XYZ], which builds perpetual futures on Hyperliquid, on the same day ICE announced plans for a regulated 24/7 U.S. venue that still needs approval. It said HYPE rose about 20% from $78. Our price data shows a 2.1% daily decline, so the rally may have come earlier or over a different window.
Elsewhere, The Defiant reported that Bitcoin staking protocol b14g paused its contracts after about 97 million CORE was drained. Exchanges reportedly froze about 9 million CORE, and the protocol says staked BTC was unaffected.
Mood and what to watch
The Fear & Greed index read 53, Neutral, up from 51 yesterday. That fits a market that is steady on the surface but being pulled in different directions by hack news and ETF selling. The material we reviewed includes no reader poll.
Traders will watch whether Binance restarts withdrawals on Sunday and what its proof-of-reserves report shows on Monday. They will also watch whether ETF outflows continue and whether regulators or Congress follow up with concrete action.
Sources
- Binance Inside Job Theories Explode Ahead of Monday’s Reserve Reports Bitcoin.com News
- Binance is buying back the stolen assets through market channels and OTC deals. Lookonchain
- Binance $6.3B record hack sparks pre-election political chatter Cointelegraph
- Spot Bitcoin ETFs See $643M in Net Outflows, Ethereum ETFs Lose $156M Wu Blockchain
- Druckenmiller invests in Trade[XYZ] as ICE plans regulated Hyperliquid market Cryptopolitan
- Binance SAFU Fund transferred 7,500 $BTC($580.88M) to a new wallet an hour ago. Lookonchain
- Lido Revenue Jumps to $605,000 on Execution-Reward Windfall The Defiant
- A Nasdaq-listed company may sell $450 million bitcoin, citing Binance hack and quantum fears CoinDesk
Written with AI assistance from the sources above and checked against them. Not investment advice.