[Morning News Briefing] Net Outflow of 4.8594 Trillion Won After Binance Resumes Withdrawals, and More

Binance resumed withdrawals on November 1, resulting in a net outflow of $3.64 billion within just nine and a half hours, representing 2.10% of its total assets as of October 28. This massive liquidity shift coincided with Ethereum’s 16.06% decline in October and a $1.607 billion net outflow from U.S. spot Ethereum ETFs, marking the largest monthly withdrawal since their launch. The significant capital flight from both the exchange and ETF products highlights severe market stress and reduced institutional confidence during the period. Investors are closely monitoring whether this trend of asset withdrawal continues or if liquidity begins to stabilize in the coming weeks.