Nov 5: Coinbase Details Offline Custody After Binance’s Multibillion-Dollar Breach
ETF Inflows Resume, but BlackRock’s IBIT Loses Another $201.2 Million · Bitcoin’s $80,500 Rebound Separates Exchange Risk From Network Perform · Zcash Upgrade Threatens Access to Roughly $16 Million in Sprout
Market Snapshot
Bitcoin traded at $79,662.01, up 1.742% over 24 hours, according to the supplied Binance market snapshot. Ethereum stood at $2,392.85, gaining 3.378%, while Solana reached $95.34, up 2.926%. All were positive over the measurement window, although Bitcoin remained below the $80,500 level reported during the November 4 rebound. These are separate observations; the earlier rally figures should not be treated as current prices.
The notable institutional number was approximately $128 million in combined Bitcoin and Ether spot ETF inflows on November 4. That positive total concealed opposing movements among individual funds, particularly continued withdrawals from BlackRock’s IBIT. Together, the price and fund data suggest improving demand without establishing that the recent selling pressure has ended. Sources: supplied Binance market data; Cointelegraph.
Top Stories
- Coinbase Details Offline Custody After Binance’s Multibillion-Dollar Breach
- ETF Inflows Resume, but BlackRock’s IBIT Loses Another $201.2 Million
- Bitcoin’s $80,500 Rebound Separates Exchange Risk From Network Performance
- Zcash Upgrade Threatens Access to Roughly $16 Million in Sprout
Key Takeaways
- Custody and protocol access require separate scrutiny. Coinbase’s disclosure concerns exchange controls; Zcash’s deadline concerns whether network rules permit spending.
- Positive totals conceal uneven demand. Approximately $128 million entered Bitcoin and Ether ETFs even as IBIT lost $201.2 million.
- A rebound leaves durability unresolved. Bitcoin’s supplied price remains below the reported $80,500 recovery level, and substantial short liquidations accompanied the rally.
- AI claims need measurable evidence. Coinbase identified a changing threat landscape, but the supplied research does not quantify an AI security outcome.
What to Watch
Watch Zcash block 3,543,405 and the Sprout balance approaching NU7’s estimated November 5 activation; the block height governs the change, while the clock time remains an estimate. Subsequent ETF reports will show whether November 4’s positive aggregate persists and whether IBIT’s withdrawals continue. Bitcoin’s position relative to Mena’s reported $80,000–$82,000 resistance band will provide another reference point for assessing the rebound.