Binance: bitcoin withdrawals suspended twice. What's going on?

Binance is blocking bitcoin withdrawals twice, citing unfavorable network conditions.
The second half of the day at Bitcoin was spent in fear and delirium, with nearly 500,000 transactions still pending, the system overflowing, and there is still misinformation being artfully spread in exchange for a few clicks.
And all this in a single day when Binance twice blocked withdrawals, citing very high transaction costs for the Bitcoin network. Another problem that panicked many and will be interesting to talk about at the beginning of a new week.

Binance twice blocks withdrawals at a very difficult moment

The story, in a nutshell, is this. Because of BRC-20 and Inscription on the Bitcoin network yesterday (and also today) it was very difficult to make transactions while spending little fees. For several blocks already, what miners have collected in commissions is more than they are allocated per block in Bitcoin, and overall we are seeing a predictable, but never-before-seen situation.
To understand what has happened in the last few hours, we need the following context: the commissions required to make transactions are very high.

First (un)fact: Capital outflow from Binance

Several data centers reported an outflow, i.e., the withdrawal of very large amounts of bitcoin from Binance's coffers. This was immediately alarming: there was no news in the public domain that should have caused a capital outflow of this magnitude. However, it was, as both the exchange and Defillama confirmed, internal moves from hot wallet to cold wallet and vice versa.

Second fact: Binance twice blocked withdrawals

The final disturbing fact about this situation was the two bitcoin withdrawal stops for Binance customers. A situation that, combined with (false) news about a large number of withdrawals, was the perfect spark for panic. Both blockages have now been overcome and, as we will see later, the exchange has confirmed that it has taken steps that should offer a partial but lasting solution.

What's true, what's false, what's right and what's wrong

As of this writing, Binance has resumed withdrawals on its network for the second time after interrupting them as many times. The situation normalized after engineers at the exchange adjusted the withdrawal fee upward, allowing those transactions to be processed by the Bitcoin blockchain. Again, however, some context is needed here to understand what happened.
Binance was not very dynamic in processing transaction fees.
During times of severe congestion on the Bitcoin network - and this happens elsewhere as well - commissions end up increasing dramatically. Unless the exchange sets higher fees, withdrawals cannot be processed by the blockchain.
Binance admitted that it could not foresee this development, and so many withdrawal requests from users were stopped for a while.
It seems that the impromptu events of the past few hours will be an excuse to do what the exchange's customers have been asking for. Binance is supposedly working on implementing Lightning technology, which should lend a helping hand in such situations (although the issue is actually much more complicated than that).