EP 49
Binance Reopens Withdrawals With Net Inflows Stabilizing
In this episode
Binance has commenced Recovery Update #6 following its recent security incident, reopening phased withdrawals across major networks as hourly deposits officially exceeded withdrawals. Founder CZ highlighted that the majority of withdrawn funds went to self-custody rather than competing exchanges, while Binance recorded $1.822B in 24-hour net inflows. On BNB Chain, Binance Agentic Wallet transactions surpassed 1M daily transactions as on-chain trading continues across Flap and gang.fun.
- Binance issued Recovery Update #6, reopening withdrawals for multiple assets across ETH and SOL networks starting at 04:00 UTC on 2026-11-03.
- Binance reported that hourly deposits exceeded withdrawals by 03:00 UTC, reflecting stabilizing flows and 24-hour net inflows of $1.822B.
- CZ posted that public data shows only 6-10% of Binance withdrawals went to other CEXs, with the vast majority moving to self-custody wallets without interacting with DEXs.
- Binance Agentic Wallet daily transactions officially surpassed the 1M milestone.
- Binance launched a 30-day VIP Level Protection Program protecting eligible VIP 1-9 tiers from 3 November to 2 December based on levels reached between 21 and 30 October.
- BSC total value locked stands at $5.16B, down -1.83% over the last 24 hours.
- Major crypto assets trended slightly down, with BTC trading at $77,124 (-1.10%) and BNB at $698.84 (-1.00%).
- On-chain launcher genius.fun announced its Genius App crossed 10,000 unique users within its first week of release.
- Tether CEO Paolo Ardoino announced the company holds 150,000 BTC worth $11.5B.