Tracked Binance assets fell to $128.31 billion, and the ZK proof of reserves moved to 3 November

The outflows are still running, and the proof of reserves is not on the table yet. DefiLlama tracks Binance assets from $144.9 billion on 29 October to $128.31 billion on 2 November. news.bitcoin.com headlines that drop at about $15.7 billion. The gap between those two prints is about $16.6 billion. That is a calculation, not a third official figure. Binance itself reports $4.649 billion of withdrawals and $1.01 billion of deposits between 06:00 and 15:30 UTC on 1 November, about 2.1 percent of $171 billion. That is one window, not the same span as DefiLlama. The ZK proof of reserves comes on 3 November UTC, after 40 to 50 hours of computation.

The proof-of-reserves snapshot of 31 October shows USDT at $29.48 billion, down $2.54 billion, or 7.95 percent, and bitcoin at 692,187, up 0.52 percent. USDT coverage fell from 103.88 percent to 100.00 percent. The snapshot covers 10 assets. Previously it covered 55. Cointelegraph reports today that OKX recorded $445 million of net inflows, and holds Binance outflows at about $7 billion. Kriptoteme, citing CoinDesk, holds the outflows at about $6 billion, less than 4 percent of reserves, after a 45-hour pause. Those are three different windows. The hack of about $6.3 billion was on 29 October. Binance says it has reimbursed about 95 percent. Yi He rejects the comparisons with FTX. Chainalysis is tracking stolen SOL being swapped into bitcoin. Gate froze two related accounts. A sample of 50 posts on X has no reaction from Cardano pool operators. @BSCNews carries Senator Lummis: the hack shows why the CLARITY Act is needed.

What else arrived

On 5 October the CFTC opened an advance notice of proposed rulemaking. Comments are open until 14 December. The subject is leveraged transactions for retail customers, Crypto Asset Transactions, under CEA 2(c)(2)(D). A new Crypto Asset Market category is also proposed, modeled on a DCM. Rules do not exist yet. This is a question phase. Kriptoteme and crypto.news record that today.

THORChain halted swaps on 10 networks. A reorg of one ether block caused a double return of 10 ETH. The pause, according to Chainalysis, slowed the laundering of the Binance proceeds. BTCPay Server is reporting hot-wallet drains. The founder links them to versions older than 2.4.2. The amount of damage is not known. On Core, about 97 million CORE, about $1.47 million, left 91 positions because a zero-amount withdrawal was treated as a withdrawal of everything. A hard fork on 2 November returned 68,146,177 CORE from three attacker addresses. @BSCNews carries that. A resolution of 29 October, published by Xinhua on 1 November, tightened China's watch on bribery in virtual currencies. That is not a new trading ban. Brazil has about 40 applications for crypto licenses, against an expectation of 150 to 200. The required capital is 10.8 to 37.2 million reais. From 6 November banks may not deal with unlicensed firms. Volume in 2025 was 505.5 billion reais.

Hong Kong is keeping EnsembleTX on without a break. Regulated stablecoins are entering trials with tokenized government debt. HSBC's RedCoin has had 50,000 users since 23 October. HK$87.75 million is in circulation, against reserves of HK$88.75 million. The Bank of Korea is surveying 31 institutions, 18 banks and 13 brokerages, on exchange hacks and on long market drawdowns. The deadline for replies is 4 November. Chainlink CustodySync and Anchorage, presented on 26 October, keep institutional collateral in DeFi at a qualified custodian. The DNS attack on at least 12 DeFi sites, among them Pickle Finance, FluxBeam, and Echelon, was already on yesterday's desk. Damage is still unconfirmed. The Moscow Exchange date, 1 December, has not changed.

Sources: Bitcoin.com News, Binance, crypto.news, USDT, Cointelegraph, OKX, Kriptoteme, outflows, crypto.news, Yi He, Cointelegraph, Chainalysis, @BSCNews, Lummis, Kriptoteme, CFTC, crypto.news, CFTC, Kriptoteme, THORChain, Kriptoteme, BTCPay, Kriptoteme, Core, @BSCNews, Core, Kriptoteme, China, Kriptoteme, Brazil, crypto.news, Hong Kong, crypto.news, RedCoin, crypto.news, Bank of Korea, Kriptoteme, Chainlink, Kriptoteme, DNS, Kriptoteme, Moscow.