Crypto News Today, November 11 | Bitcoin Dips to $72.7K on Hot CPI, Waller Floats Half-Point Hike, Zcash Falls 14%, GRAM Up 9%, Binance Reopens 182 Withdrawal Routes
U.S. consumer prices rose 0.4% in October. Economists expected 0.3%, and core prices beat forecasts too. Bitcoin fell to $72,727 on Binance within hours of the report. It climbed back to $74,036 by early Wednesday. Fed Governor Christopher Waller said a half-point hike in December should be on the table.
Zcash fell 14% to below $1,000. Harmony’s ONE spiked 54% before sliding back. GRAM rose 9%. Binance reopened GRAM withdrawals on TON, one of 182 routes our checks found reopened since Tuesday.
Today’s stories (15)
Bitcoin dips to $72,727 after the CPI report, then climbs back near $74,000October CPI: prices up 0.4% in a month, core up 0.3%, both above forecastsWaller floats a half-point hike, stocks slip, and the bond market is closed todayZcash falls 14% to below $1,000, its lowest since SeptemberHarmony ONE jumps 54% in five hours, then gives most of it backGRAM rises 9%, and Binance’s GRAM route on TON is open againBinance: 182 withdrawal routes reopen since Tuesday, NEAR and LTC back, INJ and XPL still waitingInjective keeps making blocks, still no word on Monday’s stopETF flows: Monday ends at −$201 million once IBIT reports, Tuesday −$95 millionStablecoin supply shrinks for a third day, USDT down $516 millionBinance stock tokens: fiat purchases in 49 currencies and a SanDisk splitBitMine adds 9,587 ETH, TON Strategy posts a quarterly lossCorrection: yesterday’s TON route countComing up: PPI on Friday, Fed on Dec. 8 and 9Related guides
Bitcoin dips to $72,727 after the CPI report, then climbs back near $74,000
| Coin | Binance price (USD) | 24h change |
|---|---|---|
| Bitcoin BTC | 74,036.00 | −0.56% |
| Ether ETH | 2,057.23 | −1.88% |
| XRP | 1.0588 | −2.13% |
| Solana SOL | 83.96 | −0.98% |
| BNB | 681.55 | −1.08% |
| Dogecoin DOGE | 0.06821 | −1.86% |
| Cardano ADA | 0.1766 | −0.95% |
| Chainlink LINK | 10.375 | −0.90% |
| TRON TRX | 0.3173 | −0.63% |
| Avalanche AVAX | 8.592 | +3.39% |
| Gram GRAM | 1.185 | +9.42% |
| Zcash ZEC | 989.62 | −13.92% |
Measured by CryptoNakta from Binance spot data at 11:48 UTC, Nov 11 (6:48 a.m. ET). The 24-hour window starts at 6:48 a.m. ET Tuesday, so it covers the CPI release and the whole U.S. trading day.
Bitcoin took the inflation report badly at first and then slowly won most of it back. In the hour of the release it fell from $74,396 to $73,525 on Binance. The low of the window was $72,727 between 11 a.m. and noon ET (16:00 to 17:00 UTC) on Tuesday. By our check it was back at $74,036. That is a loss of 0.6% on the day, by our reading of Binance hourly candles.
Bitcoin is down 1.3% since our last issue, which was measured at 02:11 UTC on Tuesday. Ether did worse. It fell 1.9% over 24 hours to $2,057 and is down 3.1% since that check.
We again counted every coin on Binance with more than $20 million in 24-hour volume against USDT. Stablecoins, gold tokens and stock tokens were left out. Eighteen coins cleared the bar, and 15 of them were lower. Yesterday it was 10 of 18. GRAM, AVAX and NEAR were the only three in the green.
The Fear & Greed Index fell back to 29 from 32, still in the “Fear” band. CoinGecko put the whole crypto market at about $2.46 trillion, down from $2.52 trillion at our Tuesday check. Bitcoin’s share rose to 60.5% from 59.6%, because most other coins fell more than it did.
October CPI: prices up 0.4% in a month, core up 0.3%, both above forecasts
| October CPI (released Nov 10) | Change from September | Forecast |
|---|---|---|
| All items | +0.4% | +0.3% |
| Core (no food or energy) | +0.3% | +0.2% |
| Shelter | +0.3% | — |
| Food | +0.5% | — |
| Gasoline | +1.0% | — |
Source: Bureau of Labor Statistics figures as reported by CNBC on Nov 10. Forecasts are the Dow Jones consensus cited by CNBC. Red here means prices rose faster than forecast. No year-over-year rate was published this month.
U.S. consumer prices rose 0.4% in October from September, the Bureau of Labor Statistics said on Tuesday at 8:30 a.m. ET (13:30 UTC). Economists had expected 0.3%. Core prices rose 0.3% against a 0.2% forecast, CNBC reported. Core leaves out food and energy. Core has now risen 0.3% in each of the last three months.
September’s overall rise was 0.6%, so October was slower. It was still faster than forecasts. Shelter rose 0.3% and made up more than 30% of the increase, per CNBC. Food rose 0.5% after no change in September.
As expected, there was no yearly rate this time. BLS could not collect part of its October 2025 prices during last year’s government shutdown, so it has nothing to compare against.
Crypto traders who had borrowed to bet on higher prices took the hit. About $723 million of leveraged positions were closed out by force in the 24 hours after the report. About $570 million of that was bets on a rise. Those figures are from CoinGlass, as cited by crypto.news. Our liquidation guide explains how an exchange decides when to close a position.
Waller floats a half-point hike, stocks slip, and the bond market is closed today
| Tuesday, Nov 10 close | Level | Change |
|---|---|---|
| S&P 500 | 7,520.93 | −0.38% |
| Nasdaq Composite | 25,065.87 | −0.74% |
| Dow Jones | 52,231.89 | −0.30% |
| WTI crude (Dec), per barrel | $86.04 | −0.93% |
| Gold (spot, late trading), per ounce | about $4,032 | −2.6% |
Source: Eurasia Business News market wrap, Nov 10. Gold is a late-session quote, not a settlement price. U.S. stock markets close at 4 p.m. ET (21:00 UTC).
Fed Governor Christopher Waller spoke in London on Tuesday. That was hours before the CPI report, per Investing.com. He said he would back a quarter-point rate hike at the December meeting even if October inflation improved. “Hiking only 25 basis points would put our credibility at risk, a risk I am not eager to take,” he said, per CNBC.
He said a half-point hike should be considered if inflation came in above his forecast. After the report traders fully priced in a quarter-point hike in December and put 12.5% odds on a half-point move, CNBC said. On Monday the CME FedWatch tool showed 85% odds of a quarter-point hike, as we reported yesterday. The Fed’s current target range is 3.75% to 4.00%, and it next meets Dec. 8 and 9.
Bonds sold off. The 10-year Treasury yield briefly went above 5% and the 2-year yield climbed toward 4.75%, The Motley Fool reported. U.S. stocks gave back part of Monday’s rally. The Nasdaq fell 0.74% after rising 2.75% on Monday. Shares of BlackRock’s bitcoin fund IBIT fell 1.51% and its ether fund ETHA 3.27%, per The Motley Fool.
Today is Veterans Day in the U.S. Stock markets are open as usual. The bond market and most banks are closed, Fox 4 News reported. Crypto trades as normal.
Zcash falls 14% to below $1,000, its lowest since September
| Binance ZEC/USDT | Price (USD) | Traded that hour |
|---|---|---|
| Tue 15:00 to 16:00 UTC (10 to 11 a.m. ET) | high 1,199.82, close 1,093.97 | $44.4M |
| Tue 16:00 to 17:00 UTC (11 a.m. to noon ET) | low 994.22 | $46.0M |
| Wed 06:00 to 07:00 UTC (1 to 2 a.m. ET) | low 975.58 | $15.8M |
| Wed 09:00 to 10:00 UTC (4 to 5 a.m. ET) | low 961.07 | $8.5M |
| Our check, Wed 11:48 UTC | 989.62 | — |
CryptoNakta calculation from Binance ZEC/USDT hourly candles, pulled at 11:55 UTC on Nov 11. Most hours on Tuesday before 13:00 UTC traded under $9 million each.
Zcash (ZEC) fell the most among the 18 coins we track, for the second day running. It lost 13.9% to $989.62 over 24 hours on Binance. About $281 million of ZEC traded against USDT, more than any coin on our list except bitcoin and ether. It is down 14.8% from $1,162 at our Tuesday check.
The big drop came late on Tuesday morning in New York. Between 10 a.m. ET and noon, ZEC fell from $1,199.82 to $994.22. That is a 17.1% fall in about two hours. It came a few hours after the CPI report, while bitcoin was also sliding to its low of the day. A second, smaller leg came overnight. ZEC touched $961.07 between 4 and 5 a.m. ET today.
CryptoTicker found no Zcash news behind the drop. It saw no delisting, attack or outage. It pointed to leveraged long positions being closed. Open bets on ZEC futures at OKX fell from about $162 million to about $130 million in under two hours by CryptoTicker’s count. That is data from one exchange only.
The Tuesday low was ZEC’s lowest since September on Kraken, CryptoTicker said. Its 2026 high there was $1,695 on Sept. 26. We did not find a confirmed cause either. Our Zcash guide explains how the coin works.
Harmony ONE jumps 54% in five hours, then gives most of it back
Harmony’s ONE was the biggest loser on our list at −16.4%, at $0.001549 on $20.7 million of 24-hour volume. That number hides a spike. ONE jumped before it fell.
From a low of $0.001351 around midnight ET Tuesday (05:00 UTC), ONE climbed to $0.00208 between 5 and 6 a.m. ET (10:00 UTC). That is a 54% rise in about five hours. The peak hour traded $3.9 million of ONE on Binance. Hours earlier, trading ran at $0.1 million to $0.3 million an hour. ONE has slid back since then.
Our 24-hour window started near the top of the spike, which is why it shows a 16% drop. Measured from Tuesday’s 02:00 UTC price of $0.00142, ONE is still up about 9%. That is our reading of Binance hourly candles.
We found no announcement behind either move. Harmony said in September that it plans to shut down its own blockchain and give holders new ONE tokens on Ethereum, The Block reported. Binance withdrawals of ONE on Harmony’s own network were still closed at our 11:52 UTC check, with a note that the network is having issues. ONE could still leave Binance on Ethereum.
GRAM rises 9%, and Binance’s GRAM route on TON is open again
GRAM was the best performer among the 18 coins we track. It is the coin formerly called Toncoin. It rose 9.4% to $1.185 on $21.4 million of 24-hour volume. Since our Tuesday check it is up 12.0%, from $1.058.
The climb was steady. GRAM went from $1.05 at 02:00 UTC Tuesday to a high of $1.227 between 10:00 and 11:00 UTC today (5 to 6 a.m. ET). That top hour traded $3.2 million, the most of any hour in our window.
Something also changed for GRAM holders on Binance. Yesterday we reported that every Binance withdrawal route on the TON network was closed. At our 11:52 UTC check today, GRAM and USDT on TON were open again. NOT, DOGS, HMSTR and CATI on TON were still closed. Their note now reads “Withdrawals are temporarily halted while Binance replenishes the hot wallet.” Yesterday it said the wallet was under maintenance.
Telegram founder Pavel Durov said on X on Monday that users created more than 700,000 self-custodial wallets on Telegram in 48 hours. That is from The Block. TON Strategy is a Nasdaq-listed company that holds GRAM. It reported third-quarter revenue of $13.1 million on Tuesday, mostly from staking. It held about 235.1 million GRAM at the end of September.
None of these is a confirmed reason for the price move. Our Toncoin (GRAM) guide covers the rename and the network.
Binance: 182 withdrawal routes reopen since Tuesday, NEAR and LTC back, INJ and XPL still waiting
| Our check (UTC) | BSC routes open | Live TON routes open | Routes with the “replenishes the hot wallet” note |
|---|---|---|---|
| Tue Nov 10, 02:22 to 02:30 | 202 of 456 | 0 of 7 | 130 |
| Wed Nov 11, 11:52 | 238 of 456 | 2 of 7 | 113 |
Measured by CryptoNakta from Binance’s public deposit and withdrawal settings. 11:52 UTC Wednesday is 6:52 a.m. ET. The TON column leaves out Binance’s old TON/TON entry, which is not a live route (see the correction below). GRAM’s memo route counts as its own route, as it did yesterday.
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Binance reopened a large batch of withdrawal routes between our two checks. Binance lists 1,447 coin-and-network routes. At 11:49 UTC today 753 of them were closed for withdrawals. At our Tuesday check (02:37 UTC) it was 935. That is 182 routes reopened. We found none that closed in between.
The closed count includes 317 routes where Binance says the token is not supported on that network. Those notes point users to other networks. So the number of routes that are actually paused is smaller.
Two of the four coins Binance named in its Nov. 6 reopening list are back. NEAR and LTC can now leave Binance on their own networks again. ADA on Cardano reopened too. INJ on Injective’s own network was still closed with a maintenance note at 11:52 UTC. INJ could still go out on BSC. XPL (Plasma) had no open route. Both of its routes carried the hot-wallet note.
Binance had aimed to reopen all four by the end of this week, in its Recovery Update #9. Nothing in this section had changed at our re-check at 12:03 UTC (7:03 a.m. ET). At 12:29 UTC the closed count was still 753. One more route had reopened, and USDC on Polygon had newly closed with the hot-wallet note.
ETH reopened on zkSync Era, Scroll and Manta. USDT reopened on Aptos, Kaia, Plasma and opBNB. ATOM, ALGO, XLM, TIA, TAO and ETC reopened on their own networks. BONK on BSC is open again after we flagged it as closed yesterday.
Some well-used routes are still closed. ETH and USDC on Optimism carried the hot-wallet note. So did USDC on Avalanche, Aptos and NEAR. Bitcoin on the Lightning Network was closed for maintenance. All three coins had other open networks at that check.
Binance’s newest recovery post was still Recovery Update #9 from Nov. 6 when we checked its announcement lists at 11:50 UTC. We found no new notice explaining the reopenings. Our Binance hack guide covers how the pause began.
Gopax is still halted. Binance owns most of the South Korean exchange. At our 12:03 UTC check its last bitcoin trade was still the one at 06:09 UTC on Nov. 6.
A route can close and reopen within minutes. Check the network status on the withdrawal screen right before you send. Our Binance maintenance guide explains what these notes mean for your funds, and our wrong network guide covers what happens when the two sides do not match.
Injective keeps making blocks, still no word on Monday’s stop
The Injective blockchain has kept making blocks since Monday’s stop of 4 hours and 24 minutes. A public Injective node showed block 191,266,830 at 11:55 UTC today. That is 200,382 blocks after the one we read at 02:30 UTC on Tuesday.
We checked the pace in four stretches from Tuesday evening to this morning, using the oldest blocks the node still keeps. Each stretch averaged about 0.6 seconds per block. A stop of even a few minutes would have pulled that number up. Before Tuesday 21:28 UTC, the overall average since our last check was also about 0.6 seconds.
We still found no statement from Injective explaining Monday’s stop. Binance withdrawals of INJ on Injective’s own network were still closed at 11:52 UTC, as noted above.
Tonight the chain stopped again, this time on schedule. Governance proposal 714 passed at 10:43 UTC and set a software upgrade at block 191,270,000. Block 191,270,001 came at 12:27:08 UTC. The next one came at 12:30:29 UTC (7:30 a.m. ET), a pause of about 3 minutes 21 seconds. Public nodes now report version v1.20.4-safeharbor.5.
Upbit in Korea had reopened INJ deposits and withdrawals at 08:07 UTC on Tuesday. It paused them again from 09:00 UTC today for this upgrade, and Bithumb did the same.
ETF flows: Monday ends at −$201 million once IBIT reports, Tuesday −$95 million
| U.S. spot ETF flows | Mon, Nov 9 | Tue, Nov 10 |
|---|---|---|
| All bitcoin funds | −$201.1M | −$95.0M |
| BlackRock IBIT | −$213.2M | −$78.2M |
| Fidelity FBTC | — | −$36.8M |
| Morgan Stanley MSBT | +$22M | +$20.0M |
| All ether funds | −$184.5M | −$1.3M |
Sources: Monday bitcoin funds are Farside Investors data as reported by Cointelegraph and crypto.news. Monday ether funds are SoSoValue data via crypto.news. Tuesday figures are SoSoValue data via TokenPost. A dash means the figure was not given. Farside and SoSoValue can differ slightly.
Monday’s count is now complete, and it turned negative. Yesterday we reported a small inflow of $12.2 million, with BlackRock’s IBIT not yet in. IBIT then reported an outflow of $213.2 million, which took the day to a net outflow of about $201 million.
Tuesday was quieter. Bitcoin funds lost $95.0 million per SoSoValue via TokenPost. It was their fourth straight day of outflows. IBIT lost $78.2 million and FBTC $36.8 million. MSBT was the only one of 12 funds to take money in.
IBIT has now lost money for eight trading days in a row, starting Oct. 30. Its first seven days took out $1.66 billion, Cointelegraph reported. Bitcoin funds have net outflows of about $1.1 billion so far in 2026, per the same report. By early November in both 2024 and 2025, they had taken in about $25 billion.
Ether funds lost $184.5 million on Monday, their largest daily outflow since Oct. 6. Tuesday’s outflow was only $1.3 million. Our ETF vs. bitcoin guide compares the yearly cost of a fund with holding the coin yourself.
Stablecoin supply shrinks for a third day, USDT down $516 million
| Date (UTC) | All stablecoins | Daily change |
|---|---|---|
| Nov 8 | $293.24B | +$0.05B |
| Nov 9 | $292.97B | −$0.27B |
| Nov 10 | $292.01B | −$0.96B |
| Nov 11 (partial day) | $291.09B | −$0.92B |
Pulled by CryptoNakta from DefiLlama’s public stablecoin data at 11:56 UTC, Nov 11. A partial-day reading can still change before the day ends. Tuesday’s final figure replaces the partial $291.97B we showed yesterday.
Stablecoin supply shrank for a third day. It fell $960 million on Tuesday. Today’s partial reading was $920 million lower again, per DefiLlama.
Tether’s USDT fell $516 million over the past day to $175.73 billion. Circle’s USDC lost $272 million to $70.10 billion. Over the past week, USDT is down $2.41 billion and USDC $825 million.
Supply falls when issuers take back more tokens for dollars than they hand out. See our USDT vs. USDC guide for how redemption works at each issuer.
Binance stock tokens: fiat purchases in 49 currencies and a SanDisk split
| Binance stock token | 24h change | Price (USD) |
|---|---|---|
| SOXLB (3x chip-stock ETF) | +16.54% | 64.06 |
| MUB (Micron) | +5.70% | 771.24 |
| SNDKB (SanDisk) | +5.56% | 927.71 |
| SPCXB (SpaceX) | +4.70% | 147.81 |
Measured by CryptoNakta from Binance spot data at 11:48 UTC, Nov 11. Stock tokens trade around the clock, so their 24-hour window does not line up with the U.S. market session.
Binance posted two notices about its bStocks stock tokens. At 10:00 UTC today it said Convert and the Buy/Sell page now accept up to 49 regular currencies for bStocks. The list includes USD, EUR, GBP and JPY. Users can pay from a fiat balance or by card, Apple Pay or Google Pay. They can also sell back into fiat. Which currencies you see depends on your country.
The second notice covers SanDisk’s 8-for-1 stock split. Each SNDKB holder will get 7 more SNDKB for every one held. The token’s price will drop to about one-eighth to match. SNDKB trading, deposits and withdrawals pause from 00:30 UTC on Nov. 20, with trading set to resume at 09:00 UTC that day. SNDKB used as margin collateral will be sold for USDT or USDC at 15:00 UTC on Nov. 18, Binance said.
Our guide to Binance stock tokens explains how bStocks differ from owning the shares.
BitMine adds 9,587 ETH, TON Strategy posts a quarterly loss
BitMine Immersion Technologies said on Monday that it bought 9,587 ETH last week, crypto.news reported. It now holds 6,070,092 ETH. That is about 4.97% of all ether in circulation. It has staked about 86% of it.
TON Strategy reported a third-quarter net loss of $24 million, The Block said. That includes a $27.2 million paper loss on its GRAM as the price fell. Revenue was $13.1 million, down from $15 million in the second quarter. It bought back $5.7 million of its own shares.
Correction: yesterday’s TON route count
Yesterday we wrote that all 8 Binance withdrawal routes on the TON network were closed. One of those 8 was not a live route. It was Binance’s old TON listing. Binance swapped TON for GRAM one for one and removed TON trading pairs at 03:00 UTC on June 30, with GRAM trading from July 2, crypto.news reported.
The TON/TON entry left in Binance’s settings is a leftover of the old ticker. Today its note reads “Withdrawal for this token is not supported, please try other networks.” So on Tuesday there were 7 live TON routes, and all 7 were closed. Counting TON itself as a route that closed was wrong. Today’s table uses the corrected count.
Coming up: PPI on Friday, Fed on Dec. 8 and 9
- Today, Wednesday Nov. 11: Veterans Day. U.S. stocks open, bond market closed.
- Today, 13:00 UTC (8 a.m. ET): ALLO releases about 160 million tokens, equal to about 65.6% of its circulating supply, per schedule data cited by PANews.
- Friday, Nov. 13, 06:00 UTC (1 a.m. ET): Binance raises the collateral value of FIL and HBAR in Cross Margin and Portfolio Margin to 60% from 50%.
- Friday, Nov. 13, 8:30 a.m. ET (13:30 UTC): October producer prices (PPI).
- By the end of this week: Binance’s target for reopening INJ and XPL withdrawals. NEAR and LTC are already back.
- Nov. 18: Harmony closes its block explorer.
- Nov. 20: SanDisk split on Binance’s SNDKB token.
- Dec. 8 and 9: the Fed’s next rate meeting.
Released tokens go to the people they were set aside for, and the schedule does not show whether they sell.
Related guides
- Yesterday’s briefing: AVAX jumps on the NYSE pick, Injective stops for 4 hours
- Why is my withdrawal still pending?
- Sent crypto on the wrong network: what happens next
- Why was I liquidated?
- What leverage should I use?
- Delisted crypto: what happens to your coins
- What is Toncoin (GRAM)?
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Sources
- CNBC · October 2026 inflation breakdown in one chart
- CNBC · Fed Governor Waller sees December hike likely, opens door to a half-point increase
- Investing.com via Yahoo Finance · Fed’s Waller says larger hike should be considered if October CPI runs hot
- crypto.news · Hot CPI triggers $723M liquidations
- The Motley Fool · Crypto market today, Nov. 10
- Eurasia Business News · Dow, Nasdaq, S&P 500 fall on November 10, 2026
- Fox 4 News · Veterans Day 2026: what’s open and closed
- CryptoTicker · Zcash price falls to $1,003, lowest since September
- The Block · Harmony to sunset its Layer 1 (Sept. 6)
- The Block · TON Strategy Q3 2026 results and Telegram wallet rollout
- Cointelegraph · Bitcoin ETF outflows slow to $201M as IBIT losses hit $1.7B
- TokenPost · IBIT loses $78.24 million, fourth straight day of bitcoin ETF outflows
- TokenPost · Ether spot ETF outflows of $1.32 million
- crypto.news · Ethereum price falls despite BitMine buying 9,587 ETH
- DefiLlama · Stablecoin supply data
- Binance · Convert and Buy/Sell now support fiat purchases of bStocks
- Binance · SanDisk (SNDK) 8-for-1 forward stock split via bStocks
- Binance · Update on the collateral ratio under Cross Margin and Portfolio Margin
- Binance · Recovery Update #9 (Nov. 6)
- PANews · Key overnight and morning news (token release schedule)
- crypto.news · Binance drops TON ticker as GRAM trading starts July 2
- alternative.me · Crypto Fear & Greed Index
- Coin prices, 24-hour volumes and stock-token prices: pulled directly by CryptoNakta from Binance public data (11:48 UTC on November 11, 2026 (6:48 a.m. ET)) · Hourly candles: Binance (11:55 UTC, Nov 11) · Binance withdrawal status: Binance public deposit and withdrawal settings (11:49, 11:52 and 12:03 UTC, Nov 11; comparisons from 02:22 to 02:37 UTC, Nov 10) · Announcement check: Binance announcement lists (11:50 UTC, Nov 11) · Injective block times: public Injective node (11:55 UTC, Nov 11) · Stablecoin supply: DefiLlama (11:56 UTC, Nov 11) · Gopax last trade: Gopax public trade data (12:03 UTC, Nov 11) · market cap from CoinGecko
Our own prices in this post were measured at 11:48 UTC on November 11, 2026 (6:48 a.m. ET). This post is for information only and is not investment advice. Prices and exchange notices change fast, so check the exchange’s official notice and your app before you act.
