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Traders eye Binance hack aftermath, US midterms and jobs data this week

TradingGain NewsroomTradingGain Newsroom··02 Nov 2026, 09:04 UTC

CoinDesk's weekly preview highlights three items for the week starting Nov. 2: the fallout from the Binance hack, the U.S. midterm elections, and the U.S. jobs report. Exchange security news can affect crypto sentiment, while election and jobs news can shift broader market risk appetite. Traders may want to track all three.

Why it matters

  • The Binance hack fallout is a crypto-specific story that could keep exchange security in focus.
  • The U.S. midterm elections are on the calendar for the same week as the jobs report.
  • Jobs data and political events can influence risk appetite across crypto and gold markets.

What to watch next

Watch how the Binance hack fallout develops alongside the U.S. jobs report during the week starting Nov. 2.

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗
Traders eye Binance hack aftermath, US midterms and jobs data this week
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Otherâ–Ľ Bearishâ—Ź Important

Binance Sees $3.64B in Outflows After Withdrawals Restart Following Hack

The FBI has blamed North Korea for a $6 billion hack of Binance, a major crypto exchange. After Binance reopened withdrawals, it recorded $3.64 billion in net outflows in the first nine and a half hours, equal to 2.1% of its assets. Large, fast outflows can signal weak confidence, so traders may want to watch how the exchange and the wider market respond.

TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.