Scott Melker, host of The Wolf Of All Streets podcast, reported on X today, November 1, 2026, that the cryptocurrency exchange Binance is preparing to restart user withdrawals. Melker stated, “BINANCE SAYS IT IS PREPARING TO RESUME PHASE ONE OF WITHDRAWALS TODAY BETWEEN 06:00 AND 09:00 UTC.” This announcement provides a specific timeline for the resumption of services, indicating a critical step toward restoring full functionality for the platform. The precise window for the initial phase suggests a controlled and monitored reintroduction of withdrawal capabilities.
This development follows a period of significant market concern surrounding Binance. Recent Gokhshtein coverage highlighted that Bitcoin ETFs shed $643 million as a Binance breach triggered an institutional exit from the market. Bitcoin, the largest cryptocurrency, is currently trading at $77,741. The broader digital asset market has experienced volatility, with Bitcoin and Gold posting 2026's worst returns, reflecting a cautious sentiment among investors. The Crypto Fear & Greed Index currently sits at 34, indicating fear in the market.
Melker's report suggests that Binance is actively addressing the operational disruptions and working to restore user access to funds. The phased resumption of withdrawals could help rebuild trust and provide a clearer path to full market functionality for Binance users. Investors will likely watch closely for updates on the successful completion of this initial phase and any subsequent announcements from Binance regarding further restoration of services and enhanced security protocols. The market reaction to these operational improvements will be a key indicator of investor confidence.
