It is a Sunday, so the stock market gets no say today — Friday’s closes are still the final word on October. That makes this a winners-and-wreckage day, and the split is clean. On the winners’ side: the biggest exchange on earth started giving people their money back this morning, and crypto is small-green for the first time since the hack. On the wreckage side: October’s final numbers are ugly for tech, the ETF money kept walking out, and gold is still sitting at a one-year low after Friday’s slide. Here is the scoreboard, then the stories behind it.
The scoreboard
Bitcoin is at $77,888, up 0.4% over 24 hours. Ether is at $2,262, up 0.4%. Total crypto market cap sits around $2.61 trillion, and Fear and Greed ticked up to 34 — still Fear, but up from 30, so the panic is thawing a degree or two, not lifting. Stocks do not trade again until Monday, so Friday’s settlements stand: Brent crude at $117.64 and WTI at $104.12, the highest closes since late April, capping a month where oil was the outright winner.
The winner: Binance started giving the money back
Binance turned withdrawals back on this morning — phase one went live between 06:00 and 09:00 UTC, Bitcoin’s network first, alongside 14 other networks including Ethereum, Solana, XRP, and Zcash — 15 in total, ordered by what users had been trying to withdraw all week. Founder Changpeng Zhao marked it with a three-word post: "BTC withdrawal is live." The coverage number moved again, too: Binance says it has now replaced about 95% of the roughly $6.3 billion stolen — about $6 billion of its own money — up from 90% on Saturday and 80% the day before that. Ten balances are stated as fully backed at 100%: Bitcoin, Ether, the big stablecoins, BNB, Solana, XRP, and Zcash among them. The exchange warns the first wave may run slow under the traffic, and deposits, for the record, never closed. One more confirmation landed Saturday: the FBI publicly tied the attack to TraderTraitor, the North Korean state-linked group the analytics firms had already named. And the next deadline is already on the calendar — a proof-of-reserves snapshot taken October 31 is published, with the full proof-of-reserves update due Monday, November 2.
The wreckage: the ETF door kept swinging out
U.S. spot Ether ETFs have now posted 23 consecutive trading days of net outflows — the longest streak since those funds launched in July 2024 — pulling more than $1 billion out over October, including $155.7 million on Friday alone. Bitcoin ETFs saw about $643 million leave in the latest day, too. So read the weekend correctly: the spot price ticked up on thin Sunday volume while the institutional door kept swinging outward. And Ether’s own chart is not arguing: at $2,262 it is still sitting below every short-term moving average that matters. Price up a little, buyers of record still leaving — that is a standoff, not a recovery.
October, final: a split market, not a crash
The Dow gained 1.7% on the month. The S&P 500 slipped 0.9%. The Nasdaq lost 5.3% — its worst month since March 2025 — and the Nasdaq 100 closed Friday in correction territory. The old economy and energy got paid; the AI-spending names got the bill. Nothing since Friday’s close changes that story — it just gets graded again starting Monday.
The earnings desk
Nothing major reported over the weekend — Saturday and Sunday are dark. The week opens tomorrow after the close with the two prints everyone is actually waiting for, plus a third worth watching. Apple is expected at $1.99 a share on about $113.4 billion in revenue — but the quarter itself is almost beside the point. It is John Ternus’s first earnings call as CEO, and the print will be judged on the December-quarter guide and whether gross margin holds while memory chip prices climb. Palantir is expected at 41 cents on about $2.18 billion, and it will be judged on U.S. commercial growth and whether the full-year guide goes up again — this is a company that has beaten the midpoint of its own guidance by 6 to 9% three quarters running, so a merely fine print may not clear the bar its valuation sets. And ON Semiconductor reports Monday too, expected at 90 cents adjusted, judged on auto and industrial chip demand — the first read on the chip complex after the week it just had.
Invention spotlight: ketamine without the preservative
On October 30, the FDA approved NRx Pharmaceuticals’ preservative-free ketamine injection — the company’s first approved product, cleared ahead of its November 10 goal date. The human story is a shortage and a preservative. Ketamine, the anesthetic formulated back in 1970, has sat on the FDA’s drug shortage list since 2018, and every ketamine injection sold in the U.S. contains benzethonium chloride — BZT — a preservative the FDA has never designated as generally recognized as safe, and which cannot be used in new drugs. NRx’s version drops the preservative entirely and keeps the vial sterile through its packaging instead: it is made in West Columbia, South Carolina, with Nephron Pharmaceuticals, using blow-fill-seal technology — no glass vial, a Luer-lock tip, less packaging cost and no needle-stick risk drawing from glass. The company has ordered five million vials as launch inventory. Two honest caveats: the approval carries the standard anesthesia label only — NRx’s separate application to use intravenous ketamine for depression and suicidality is still pending — and NRx has also petitioned the FDA to remove its BZT-containing rivals from the market, a petition its own CEO has acknowledged rests on no human data tying the preservative to harm. A real approval, a real shortage it can help fill — and a land-grab petition riding alongside it. Both things are true.
The oversold corner
The screen re-ran this morning on 127 assets — large caps, midcaps, microcaps, and the top cryptos, from Yahoo Finance and CoinGecko daily closes — and 25 meet all three tests: RSI at or below 35, MACD bearish, and price below the 90-day average. The top five are unchanged from Friday, and that is the honest headline: stocks have not traded since, so the stock side of the screen is frozen on Friday’s closes. Alphabet at $279.84, RSI 21.4, 18.7% below its average — still carrying that earnings wipeout. Intel at $65.76, RSI 25.1, 35.9% below, after its worst day in 52 years. Cipher Mining (CIFR) at $7.29, RSI 25.4, 57.1% below its 90-day average — the miners stay pinned under the Bitcoin and Binance headlines. Fortinet at $136.08, RSI 26.6, 17.8% below, still sliding after its earnings dive. And ServiceNow at $105.12, RSI 26.9, 16.8% below. The crypto closes rolled through the weekend and no coin cracked the top five. Oversold is a description, not a buy idea.
The BogusAPY angle
One hook, and it is a follow-through. Yesterday’s brief set the test in public: withdrawals either come back this weekend, or they don’t. They came back — Sunday morning, Bitcoin first, 95% of the money replaced, and a dated proof of reserves still owed on Monday. That is the script, ready to film: the three-question checklist Binance just got graded against. One — when a platform says your money is covered, does it publish a number and a date, or a slogan? Two — can you actually withdraw, today, on the network you want? Three — is the proof a cryptographic report anyone can check, or a snapshot you have to take on faith? Run those three questions against any platform advertising a yield, and most of them fail question one before you ever reach the APY. Where does the yield come from matters. Whether you can leave matters first.
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Sources: CoinDesk and Reuters (Binance phased withdrawal restart Nov 1, 06:00–09:00 UTC, 15 networks, ~95% / ~$6B replaced, 100%-backed balances, FBI TraderTraitor attribution), Binance updates via AMBCrypto and BeInCrypto (network list, delay warning, proof-of-reserves snapshot Oct 31, full update due Nov 2), Finnhub (BTC $77,888 +0.40%, ETH $2,262 +0.41%), CoinGecko via ByKaranteli (total cap $2.61T, Fear & Greed 34, up from 30), Glassnode via SpendNode and Farside via Crypto.news (Ether ETF 23-day outflow streak, >$1B in October, $155.7M Friday; BTC ETF ~$643M latest-day outflow via DailyMarket.report), market wraps (Oct 30 closes: Nasdaq −2.86% Friday / −5.3% October, S&P 500 −0.9% October, Dow +1.7% October; Brent $117.64, WTI $104.12 settlements), MarketBeat and TipRanks (Apple $1.99 / $113.4B, Palantir $0.41 / $2.18B, ON Semiconductor $0.90 — all Mon Nov 2 after close), Investopedia (John Ternus’s first Apple earnings call as CEO), NRx Pharmaceuticals GlobeNewswire release Oct 30 and Psychedelic Alpha (preservative-free ketamine ANDA approval, Nephron blow-fill-seal manufacture, 5M vials, BZT citizen petition), Yahoo Finance and CoinGecko (screener, 127 assets). Not financial advice.
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