Binance Covers About 95% of Affected Assets as First Withdrawals Resume【MEXC Alpha Trader – Daily Market Brief (November 2, 2026)】

I. Macro & Market Sentiment

· Market Data: BTC $78,409.00 (+0.99%) | ETH $2,288.75 (+0.89%) | SOL $94.87 (-0.87%)

· Market Sentiment: Funding Rate +0.0100% | Fear & Greed Index 37 (Fear)

· Data Outlook: The U.S. midterm elections, October nonfarm payrolls, and interest rate decisions from major central banks are all due this week. Further Reading

· Geopolitics: Iran has proposed a two-day plan to reopen the Strait of Hormuz. The U.S. has yet to decide whether to resume military operations. Further Reading

II. Trading Signals / Hot Topics

· [Market Watch] BTC | Coinbase Premium Remains Negative as Spot Demand Diverges

· BTC, the primary liquidity benchmark for the crypto market, has seen its Coinbase Premium Index remain negative for 39 consecutive days, most recently at -0.17%.

· Analysis: The negative premium reflects relatively weak demand on the platform, but a price gap on a single exchange is not enough to determine the direction of market-wide capital flows.

· Further Reading: 1

· [On-Chain] SOL | Funds Linked to a Case Converted to BTC, Putting Cross-Chain Liquidity Under Pressure

· SOL, a proxy for high-frequency on-chain activity, is facing an unusual transfer of funds: Lookonchain says about 970,000 SOL is being converted to BTC through Relay.

· Analysis: The large conversion involves cross-chain liquidity channels; the transfers do not necessarily represent completed spot sales.

· Further Reading: 1

· [U.S. Stocks Focus] CoreWeave | Bond Yield Tops 15% as AI Financing Costs Are Reassessed

· The secondary-market yield on bonds issued by AI compute company CoreWeave has risen above 15%, compared with their issuance coupon of 9.75%.

· Analysis: The rise in bond yields reflects a change in the market pricing of outstanding debt, highlighting the pressure to generate returns on financed AI capital spending.

· Further Reading: 1

III. Regulation & Major Events

· Binance | The platform says it has covered about 95% of the affected amount, and withdrawals have resumed for an initial group of networks and assets. Further Reading

· BTCPay Server | The platform has received reports of unauthorized transfers of hot wallet funds and has asked users to shut down their instances until the investigation is complete. Further Reading

· U.S. | Senator Lummis says the CLARITY Act proposes a pilot program for direct intelligence sharing between crypto firms and federal law enforcement agencies. Further Reading

IV. Platform-Exclusive Benefits

· Alpha Trader October Trading Competition (Futures)

· Battle of the Brave V15 (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: FBI Attributes Binance Theft of Over $6 Billion to North Korea

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