Crypto News Today, November 13 | Bitcoin Falls Below $70,000 for First Time Since August, Binance Says Hack Losses Fully Covered, MSCI Drops Strategy, Osmosis Stalls for Four Hours
Bitcoin fell below $70,000 on Binance late Thursday, U.S. time, for the first time since Aug. 20. It was down about 4.9% in a day. The Fear & Greed Index dropped to 20, its lowest since July. Reports pointed to forced selling of leveraged bets and more ETF outflows. They also named a tech selloff after Nvidia’s CEO resigned and MSCI’s decision to drop Strategy.
Binance said it has finished covering the assets lost in its October hack and published a new reserves snapshot. It reopened 82 withdrawal routes overnight, though HYPE and NEAR stayed closed. The Osmosis blockchain stopped for almost four hours before restarting.
Today’s stories (14)
Bitcoin drops below $70,000 for the first time since August, Fear & Greed hits 20Thursday liquidations top $650 million as reports point to ETF outflows, tech stocks and MSCIBinance says hack losses are fully covered, 82 withdrawal routes reopenOsmosis stops making blocks for almost four hours, then restartsInitia still halted as INIT bounces, Injective transfers back on UpbitETF flows: bitcoin funds lose $299.8 million Wednesday, IBIT out for a ninth dayMSCI will drop Strategy from its indexes on Nov. 30Nvidia CEO resigns, stocks dip, jobless claims rise to 200,000UNI and BNB lead the losers, HYPE the only riserStablecoin supply shrinks for a fourth full dayLedger wallet kit sent signing details to Ledger by defaultDeutsche Bank opens crypto custody in EuropeComing up: PPI today, Binance reserve proof, Fed minutes Nov. 18Related guides
Bitcoin drops below $70,000 for the first time since August, Fear & Greed hits 20
| Coin | Binance price (USD) | 24h change |
|---|---|---|
| Bitcoin BTC | 70,259.26 | −4.86% |
| Ether ETH | 1,991.61 | −3.25% |
| XRP | 1.0208 | −2.79% |
| Solana SOL | 80.35 | −3.72% |
| BNB | 646.09 | −5.01% |
| Dogecoin DOGE | 0.06534 | −3.26% |
| Cardano ADA | 0.1719 | −1.04% |
| Chainlink LINK | 9.952 | −2.01% |
| TRON TRX | 0.3152 | −0.66% |
| Hyperliquid HYPE | 72.49 | +0.25% |
| Gram GRAM | 1.151 | −3.52% |
Measured by CryptoNakta from Binance spot data at 03:05 UTC, Nov 13 (10:05 p.m. ET Thursday). The 24-hour window starts at 10:05 p.m. ET Wednesday, so it covers the whole U.S. trading day on Thursday.
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Bitcoin dropped below $70,000 on Binance for the first time since Aug. 20. It touched $69,900 between 9 and 10 p.m. ET on Thursday (02:00 to 03:00 UTC Friday). At our check it was down 4.9% over 24 hours at $70,259.26. That is 4.7% below the $73,688 we measured for yesterday’s issue.
The fall came in two steps, by our reading of Binance hourly candles. The first came between 8 and 10 a.m. ET (13:00 to 15:00 UTC), around the jobless claims report and the stock market open. Bitcoin went from about $72,910 to $71,650. The 14:00 UTC hour was the busiest of the day with about $204 million traded.
For the rest of the U.S. day bitcoin stayed between $71,110 and $72,220. The second step came in the evening, from $71,460 at 7 p.m. ET to the low between 9 and 10 p.m. The 02:00 UTC hour saw about $163 million traded, the second busiest of the day.
Ether fell 3.3% to $1,991.61. That puts it under $2,000. We again counted every coin on Binance with more than $20 million in 24-hour volume against USDT. We left out stablecoins, gold tokens and stock tokens as before. Sixteen coins cleared the bar and 15 of them fell. HYPE was the only one up, by 0.2%.
The Fear & Greed Index dropped to 20 from 28, into “Extreme Fear.” That is its lowest reading since July 8, when it was also 20. CoinGecko put the whole crypto market at about $2.38 trillion. Bitcoin’s share was 59.2%, down from 59.8% at our Thursday check.
Thursday liquidations top $650 million as reports point to ETF outflows, tech stocks and MSCI
| CoinGlass liquidations, 24 hours to 9:33 a.m. ET Thursday | Amount |
|---|---|
| All positions closed | $656 million+ |
| Of which bets on a rise (longs) | $555 million+ |
| Of which bets on a fall (shorts) | $100 million+ |
| Bitcoin positions | $237 million |
| Ether positions | $122 million |
| Traders hit | 122,000+ |
Source: CoinGlass data as reported by Bitcoin.com News at 9:36 a.m. ET on Nov. 12. These figures stop before bitcoin’s evening drop below $70,000. We did not find a CoinGlass total covering that later move.
Forced selling made the morning drop sharper. Over $656 million of leveraged trades were closed out across crypto exchanges in the 24 hours to 9:33 a.m. ET, according to CoinGlass data cited by Bitcoin.com News. Over $555 million of that came from traders betting on a rise.
About $226.5 million was closed out around 8:15 a.m. ET alone, Bitcoin.com said. Most of those were bets on a rise. The largest single one was a $31.09 million bitcoin position on Hyperliquid. It was reportedly closed near $72,250.
A liquidation happens when a leveraged trade runs out of margin and the exchange sells it off. Those sales push the price down further, which can set off the next round. Our liquidation guide explains how the trigger price is set.
Reports pointed to several pressures at once. Bitcoin.com listed ETF outflows and the hotter October inflation figures. It also named bets on more Fed hikes and a drop in tech stocks after the Nvidia leadership news. The MSCI decision on Strategy and shrinking stablecoin supply were on its list too. It presented all of these as possible contributors.
CryptoTicker pointed to the same mix and noted that “crypto and technology stocks are often sold together in periods of stress.” We cover each of those stories below.
Binance says hack losses are fully covered, 82 withdrawal routes reopen
| Binance withdrawal routes | Thu 01:51 UTC | Fri 03:05 UTC |
|---|---|---|
| All coin-and-network routes | 1,447 | 1,447 |
| Closed for withdrawals | 755 | 679 |
| Reopened between the two checks | 82 | |
| Newly closed between the two checks | 6 |
Measured by CryptoNakta from Binance’s public deposit and withdrawal settings. 03:05 UTC Friday is 10:05 p.m. ET Thursday. The closed count was still 679 at our 03:10 UTC re-check.
Binance says it has finished covering the assets hit in its October security incident. In a notice posted at 16:54 UTC Thursday (11:54 a.m. ET), it said it committed more than $6.34 billion of company money to cover the losses and bought the affected tokens through the market and over-the-counter deals.
Binance said it used part of its SAFU user-protection fund and part of its futures insurance fund. Its own treasury paid the rest. It plans to refill SAFU to about $1 billion.
Binance also took a new proof-of-reserves snapshot at 00:00 UTC on Nov. 12, covering 198 tokens. The zero-knowledge proof behind it takes about 40 to 50 hours to generate, Binance said. After that, holders of the affected tokens can check for themselves that their balances are backed at least 1:1. Our proof-of-reserves guide shows how that check works and what it does not cover.
Withdrawals keep reopening in phases, the notice said. Our count backs that up. Binance had 679 of its 1,447 coin-and-network routes closed for withdrawals at 03:05 UTC. That is down from 755 at 01:51 UTC Thursday. Eighty routes reopened.
Fifty-six of the 82 were tokens on BNB Smart Chain (BSC). Others included ATOM, AVAX, FIL, ICP, KSM, NEO and VET on their own networks, and DOT on Polkadot Asset Hub. ATOM and CKB had closed again just a day earlier.
The total still includes routes that are not real pauses. At our 03:10 UTC re-check, 318 closed routes carried Binance’s note that the token is not supported on that network. Another 83 were regular-currency (fiat) routes, and 2 were in both groups. That leaves about 280 crypto routes closed for maintenance, hot-wallet refills or other reasons. On Thursday it was about 357.
Six routes closed. USDC on Arbitrum, ASTR on its own network and AWE on Base carried the hot-wallet note. ZIL on Zilliqa’s EVM network had a note about high withdrawal volume, and OSMO and S on Sonic were marked as network issues. OSMO is covered in the next story. Sonic itself was running. Three public Sonic endpoints run by Sonic Labs, PublicNode and dRPC were all making new blocks at 03:14 UTC.
HYPE and NEAR on their own networks were still closed for deposits and withdrawals at our 03:09 and 03:25 UTC re-checks, with the wallet maintenance note. NEAR could still leave Binance on BSC. HYPE has only one network on Binance, so it could not move in or out. We found no Binance notice explaining either pause in its announcement lists at 03:11 UTC.
The Apple stock token AAPLB is back after its dividend pause on Wednesday night. GLWB and LLYB were set to pause at 23:30 UTC Thursday for their own dividends. Both were open at our 03:05 UTC check. Binance’s notice says these resume once the payout is done, with no further announcement.
Check the network status on the withdrawal screen right before you send. Our Binance maintenance guide explains what these notes mean, and our Binance hack guide covers how the pause began.
Osmosis stops making blocks for almost four hours, then restarts
| Osmosis block | Time (UTC) | Time (ET) |
|---|---|---|
| 74,955,153 (last before the stop) | Thu Nov 12, 22:57:41 | 5:57 p.m. Thursday |
| 74,955,154 (first after the restart) | Fri Nov 13, 02:53:15 | 9:53 p.m. Thursday |
Read by CryptoNakta at 03:13 to 03:14 UTC from two public Osmosis nodes, one run by Osmosis (rpc.osmosis.zone) and one by ECO Stake. Both gave the same block times.
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The Osmosis blockchain stopped making blocks for almost four hours on Thursday evening, U.S. time. Osmosis is a Cosmos-based network built around a token exchange. Its last block before the stop was stamped 22:57:41 UTC. The next block came at 02:53:15 UTC. That is a gap of 3 hours, 55 minutes and 34 seconds.
Two public nodes run by different operators showed the same times, and both were making new blocks again at 03:13 UTC. A third node run by Polkachu was still stuck one block short of the last block before the stop.
Upbit paused OSMO deposits and withdrawals at 01:21 UTC, citing a stop in block production. Its notice says trading goes on. Binance had OSMO deposits and withdrawals closed at 03:09 UTC with a network issues note.
We found no explanation from Osmosis at the time of writing. The chain’s governance module showed no scheduled upgrade. Exchanges usually wait until a restarted chain looks stable before they reopen, so deposits may take a while to come back. If you sent OSMO to an exchange during the stop, our pending withdrawal guide covers what to check.
Initia still halted as INIT bounces, Injective transfers back on Upbit
Initia’s chain was still stopped at 03:15 UTC. Polkachu’s public node still showed the same last block as on Thursday, stamped 06:18:40 UTC on Nov. 10. Initia’s own endpoint and the other public nodes we tried did not answer, so this rests on Initia’s statements and that one node. We found no restart date or new update from Initia.
INIT bounced after halving the day before. It was up 9.4% in 24 hours at $0.1235 on Binance at 03:15 UTC. About $15.6 million traded. Binance had INIT deposits and withdrawals closed. Our bridge hacks guide explains the kind of escrow accounts that were drained.
Injective transfers are back on Upbit. Upbit marked its INJ deposit and withdrawal pause complete at 05:26 UTC Thursday (12:26 a.m. ET), after Wednesday’s network upgrade. Binance still had INJ closed on Injective’s own network at 03:09 UTC, with a wallet maintenance note. INJ could still leave Binance on BSC.
Both XPL routes on Binance also still carried the hot-wallet note. Binance’s Recovery Update #9 had aimed to reopen INJ and XPL by the end of this week, which is today.
ETF flows: bitcoin funds lose $299.8 million Wednesday, IBIT out for a ninth day
| U.S. spot ETF flows (Farside) | Tue, Nov 10 | Wed, Nov 11 | Thu, Nov 12 (partial) |
|---|---|---|---|
| All bitcoin funds | −$95.0M | −$299.8M | not complete |
| BlackRock IBIT | −$78.2M | −$269.7M | not yet in |
| Fidelity FBTC | −$36.8M | $0 | not yet in |
| Grayscale GBTC | $0 | −$39.1M | $0 |
| Morgan Stanley MSBT | +$20.0M | +$9.0M | +$3.3M |
| All ether funds | −$1.3M | −$144.8M | not complete |
Source: Farside Investors tables, read at 03:06 UTC on Nov 13. Thursday is incomplete, so we show no total for it. IBIT and FBTC had not reported, and neither had the three largest ether funds. Farside and SoSoValue can differ slightly.
U.S. bitcoin funds lost $299.8 million on Wednesday, Farside’s final figure shows. It was their fifth straight day of outflows. BlackRock’s IBIT accounted for $269.7 million of it, its ninth straight trading day of outflows.
Over those five days, bitcoin funds lost $1.44 billion. By our sum of Farside’s daily figures, they lost $2.52 billion over the nine trading days from Oct. 30 to Nov. 11. Only Nov. 4 had a net inflow.
Of the funds that had reported for Thursday, Bitwise’s BITB lost $26.4 million and ARK’s ARKB $18.5 million. MSBT took in another $3.3 million.
Ether funds lost $144.8 million on Wednesday, $129.8 million of it from BlackRock’s ETHA. Our ETF vs. bitcoin guide compares the yearly cost of a fund with holding the coin yourself.
MSCI will drop Strategy from its indexes on Nov. 30
MSCI will take Strategy out of its MSCI USA Index at the close on Nov. 30. That also removes it from the MSCI World and ACWI indexes, since both include the USA index. MSCI published the result of its November review after the U.S. close on Wednesday.
It is the first review under MSCI’s new screen for “non-operating” companies, which it adopted on Oct. 15. Strategy was the only one of 24 U.S. deletions not moved to MSCI’s small cap index, Unchained reported. Japan’s Metaplanet leaves the MSCI Japan Small Cap Index. Upexi is also deleted. The ether holder SharpLink was put on a watchlist, Cointelegraph said.
Funds that track these indexes will need to sell the shares by the Nov. 30 close. Strategy told MSCI during its consultation that such funds held about 13 million of its shares. That is 3.1% of its basic shares outstanding and less than one day of trading volume, Strategy said.
Strategy shares fell 1.65% in after-hours trading on Wednesday, per Cointelegraph. The index change sells Strategy stock and does not make the company sell any bitcoin, CryptoTicker noted.
Nvidia CEO resigns, stocks dip, jobless claims rise to 200,000
| Thursday, Nov 12 close | Level | Change |
|---|---|---|
| S&P 500 | 7,592.40 | −0.35% |
| Nasdaq Composite | 25,366.09 | −0.39% |
| Dow Jones | 52,297.09 | −0.36% |
| 10-year Treasury yield | 4.99% | flat |
Source: CNBC market report, Nov 12. U.S. stock markets close at 4 p.m. ET (21:00 UTC).
Nvidia said in a filing with the SEC on Thursday that Jensen Huang had left his posts as CEO and president and his seat on the board. The change took effect immediately. CFO Colette Kress is interim CEO while the board looks for a permanent one. Harvey C. Jones became the board’s first chair. He has been a board member since 1993.
Nvidia shares were down more than 5% during the session and touched a 52-week low, CNBC reported. The three main U.S. stock indexes all closed lower, after rising on Wednesday.
Weekly jobless claims rose to 200,000 in the week to Nov. 7, CNBC said. That was up 9,000 from the week before. Economists had expected 195,000. Continuing claims fell by 20,000 to just under 1.7 million.
Traders still see a December rate hike as nearly certain. CME FedWatch put the odds of a half-point move at about 10%, according to Bitcoin Magazine as cited by CryptoTicker. The Fed’s target range is 3.75% to 4.00%, and its next meeting is Dec. 8 and 9.
October producer prices (PPI) are scheduled for 8:30 a.m. ET today (13:30 UTC). They had not been released when we wrote this. Our leverage guide explains why big data releases are risky for leveraged trades.
UNI and BNB lead the losers, HYPE the only riser
| Binance pair | Price (USD) | 24h change | 24h volume |
|---|---|---|---|
| UNI/USDT | 5.894 | −5.32% | $44.4M |
| BNB/USDT | 646.09 | −5.01% | $89.3M |
| ENA/USDT | 0.1379 | −4.77% | $24.4M |
| NEAR/USDT | 3.402 | −4.55% | $62.2M |
| ZEC/USDT | 948.54 | −4.40% | $156.0M |
| HYPE/USDT | 72.49 | +0.25% | $22.8M |
Measured by CryptoNakta from Binance spot data at 03:05 UTC, Nov 13.
Uniswap’s UNI led the losers for a second day, down 5.3% to $5.894. That follows a 9.7% drop the day before. We found no new Uniswap news behind the move. Our Uniswap guide explains how UNI works.
BNB fell 5.0% to $646.09, a level it last traded below on Binance on Aug. 20. About half of the drop came between 6 and 10 a.m. ET (11:00 to 15:00 UTC). Most of the rest came late in the evening along with bitcoin. We found no BNB-specific news to explain it.
NEAR fell 4.5% to $3.402 while its own network’s Binance withdrawals stayed closed. HYPE was the only coin with real volume to rise. It gained 0.2% to $72.49 even though it still could not be withdrawn from Binance.
PEPE steadied after falling 16.8% the day before. It was down 0.9% at $0.00000456.
Stablecoin supply shrinks for a fourth full day
| Date (UTC) | All stablecoins | Daily change |
|---|---|---|
| Nov 10 | $290.36B | −$0.85B |
| Nov 11 | $289.47B | −$0.89B |
| Nov 12 | $289.05B | −$0.42B |
| Nov 13 (partial day) | $287.71B | −$1.34B |
Pulled by CryptoNakta from DefiLlama’s public stablecoin data at 03:15 UTC, Nov 13. The last row is a partial day and can still change.
Stablecoin supply shrank for a fourth full day on Thursday, by $420 million per DefiLlama. The partial reading for today is $1.34 billion lower again, the biggest one-day drop in this run so far if it holds.
Tether’s USDT fell $370 million over the past day to $175.28 billion. Circle’s USDC lost $493 million to $69.39 billion. Over the past week, USDT is down $2.24 billion and USDC $1.32 billion.
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.
Ledger wallet kit sent signing details to Ledger by default
Ledger’s software kit for wallet apps has been sending some signing details to Ledger’s servers by default, Protos reported on Wednesday. Ambire developer Kaloyan Kosev flagged it on Tuesday.
According to Protos, the data includes the device model and its software version. It also includes the address being paid or looked up. It goes out on each transaction and typed-data signing request. The reporting arrived in the kit’s context module in version 1.16.0 in April and was switched on for production in version 2.1.0.
Ledger’s security team Donjon said the lookups are “part of how clear signing works” on its devices. The readable descriptions of a transaction are too large to store on the device. So the kit fetches them from Ledger’s servers. Ledger said it keeps none of the data, and that wallet apps can plug in their own module instead. Co-founder Nicolas Bacca said the default may have been “overlooked.”
This affects the wallet app you pair with the device. Your keys stay on the device. Ambire said no affected version reached its live app. If privacy matters to you, ask your wallet app which version of the kit it uses. Our hardware wallet guide explains what the device protects and what it does not.
Deutsche Bank opens crypto custody in Europe
Deutsche Bank switched on its crypto custody service on Wednesday, Bitcoin Magazine reported. Institutional and corporate clients in Europe can now hold bitcoin and ether with the bank. Three stablecoins are covered too: USDC, EURC and EURAU. Clients can also send these assets to third parties.
The bank holds the private keys for clients. The service is run from Frankfurt and is not for retail customers. Crypto held this way is not covered by deposit insurance. The bank plans to expand to Asia next year and did not name its first clients or disclose fees.
Coming up: PPI today, Binance reserve proof, Fed minutes Nov. 18
- Today, 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%. The change takes about 30 minutes.
- Today, 8:30 a.m. ET (13:30 UTC): October producer prices (PPI).
- Today: the end of the week Binance set as its target for reopening INJ and XPL withdrawals.
- In the coming days: Binance’s zero-knowledge proof for its Nov. 12 reserves snapshot, which it said takes about 40 to 50 hours to generate.
- Monday, Nov. 16, 08:30 UTC (3:30 a.m. ET): Binance Futures launches HYPE and TRX perpetuals settled in USDC.
- Wednesday, Nov. 18, 2 p.m. ET (19:00 UTC): minutes of the Fed’s October meeting. Binance also sells SNDKB held as margin collateral at 15:00 UTC that day.
- Nov. 20: SanDisk split on Binance’s SNDKB token.
- Nov. 23: OKXICE plans to start tokenized stock trading.
- Nov. 30, at the close: MSCI removes Strategy from its indexes.
- Dec. 8 and 9: the Fed’s next rate meeting.
Related guides
- Yesterday’s briefing: Initia still halted, Goolsbee calls CPI “borderline disturbing”, Binance pauses HYPE
- Why was I liquidated?
- Proof of reserves: what it shows and what it does not
- Why is my withdrawal still pending?
- Sent crypto on the wrong network: what happens next
- What a hardware wallet protects
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Sources
- Bitcoin.com News · Bitcoin breaks below $72K as $656M in liquidations hit crypto (Nov. 12)
- CryptoTicker · Bitcoin price below $72,000: why BTC is falling today
- Binance · Binance completes coverage of assets impacted in security incident; new proof of reserves published (Nov. 12)
- Binance · Recovery Update #9 (Nov. 6)
- Binance · IBM, Apple, Corning and Eli Lilly cash dividend distribution via bStocks
- Binance · Update on the collateral ratio under Cross Margin and Portfolio Margin (Nov. 13)
- Binance · Binance Futures will launch HYPEUSDC and TRXUSDC perpetual contracts (Nov. 16)
- Upbit · Osmosis (OSMO) deposit and withdrawal pause notice (Korean)
- Upbit · Injective (INJ) deposit and withdrawal pause, marked complete (Korean)
- Farside Investors · Bitcoin ETF flow data
- Farside Investors · Ethereum ETF flow data
- Unchained · Strategy to leave MSCI indexes by month end, Metaplanet also out
- Cointelegraph · MSCI confirms Strategy, Metaplanet index removals
- NVIDIA · Form 8-K on its CEO transition (SEC, Nov. 12)
- CNBC · Stock market news for Nov. 12, 2026
- DefiLlama · Stablecoin supply data
- Protos · Ledger’s SDK sent users’ transaction data and device info
- Bitcoin Magazine · Deutsche Bank’s bitcoin custody goes live
- alternative.me · Crypto Fear & Greed Index
- Coin prices and 24-hour volumes: pulled directly by CryptoNakta from Binance public data (03:05 UTC on November 13, 2026 (10:05 p.m. ET on Nov. 12)) · Hourly and daily candles: Binance (03:08 to 03:20 UTC, Nov 13) · Binance withdrawal status: Binance public deposit and withdrawal settings (03:05, 03:09, 03:10 and 03:25 UTC, Nov 13; comparison from 01:51 UTC, Nov 12) · Announcement check: Binance announcement lists (03:11 UTC, Nov 13) and Upbit notice list (03:13 UTC, Nov 13) · Chain status: public Osmosis nodes by Osmosis, ECO Stake and Polkachu (03:13 to 03:14 UTC), public Initia node by Polkachu (03:15 UTC), public Sonic endpoints by Sonic Labs, PublicNode and dRPC (03:14 UTC) · Stablecoin supply: DefiLlama (03:15 UTC, Nov 13) · market cap from CoinGecko
Our own prices in this post were measured at 03:05 UTC on November 13, 2026 (10:05 p.m. ET on Nov. 12). 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.
