Crypto news. Royal judgement.
Bitcoin funds finish the week with a withdrawal, investigators name the operation behind the Binance theft, and KuCoin sets an exit process for two countries. Three different reasons to read what the numbers and notices actually say.
The crown has reviewed the week. Four encouraging days do not outvote one much larger Friday. Mathematics remains regrettably immune to ceremony.
US spot Bitcoin ETFs recorded $643.2 million of net outflows on Friday, 30 October, according to Farside Investors. That more than reversed the previous four sessions' combined $440.8 million inflow, leaving the 26–30 October week $202.4 million negative.
In an alert dated 31 October, the FBI attributed the theft of more than $6 billion from Binance to North Korea's TraderTraitor activity. It published wallet addresses and asked crypto infrastructure operators to block transactions linked to the stolen funds.
KuCoin's 29 October notice says it is discontinuing all products and services for users in Russia and Belarus with immediate effect. The exchange says affected customers will receive instructions and deadlines for closing positions and withdrawing assets.
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