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Digital assets, cryptocurrencies, blockchain, and currency news.

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OKX Founder Star Xu Warns Users to Avoid Direct Transfers to MEXC
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OKX Founder Star Xu Warns Users to Avoid Direct Transfers to MEXC

Key Highlights: OKX has proactively acted ahead of a 30-day FinCEN transition period concerning MEXC, moving immediately to restrict incoming transfers. Users are experiencing frozen Tether ($USDT) deposits on both TRC20 and ERC20 networks when routed directly from MEXC to OKX. OKX founder Star Xu advised users to steer clear of direct transfers from MEXC ...

Crypto Wallets Lost $700 Million in Revenue During H1 2026, Report Shows
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Crypto Wallets Lost $700 Million in Revenue During H1 2026, Report Shows

Key Highlights The Web3 consumer sector generated $5.0 billion in revenue in the first half of 2026, an 11% decline from the previous year, driven by drops in DePIN and wallet fees. Decentralized physical infrastructure networks (DePIN) dropped 10% to $264 million, while gambling and gaming bucked the trend, rising 8% to $3.3 billion to ...

OKX Warns MEXC Users of Deposit Freezes Ahead of FinCEN Cutoff Deadline
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OKX Warns MEXC Users of Deposit Freezes Ahead of FinCEN Cutoff Deadline

Key Highlights: OKX users are reporting asset freezes and risk reviews when attempting to deposit funds transferred directly from cryptocurrency exchange MEXC. OKX CEO Star Xu issued a warning regarding transfers linked to MEXC, citing strengthened internal compliance controls following recent regulatory developments. The deposit issues follow a Financial Crimes Enforcement Network (FinCEN) order penalizing ...

Shiba Inu Futures Inflow Plunges 67x in Days: What It Means for SHIB Price
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Shiba Inu Futures Inflow Plunges 67x in Days: What It Means for SHIB Price

Key Highlights: Shiba Inu ($SHIB) experienced a severe 67x decline in futures flow following a broader market crash that induced widespread profit-taking. Broader market speculative sentiment has waned, with CoinMarketCap’s altcoin season index falling to 44/100, its lowest reading since September. $SHIB faces a sixth consecutive week of losses, testing crucial technical levels with primary ...

Sky TVL Plunges 15% in a Week as USDS Supply Contracts
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Sky TVL Plunges 15% in a Week as USDS Supply Contracts

Key Highlights: Sky’s total value locked (TVL) dropped to its lowest point in a 30-day window on Nov. 7, down roughly 29% from its Oct. 12 peak of $6.23 billion. The protocol’s stablecoin footprint contracted across both major assets, with USDS shrinking alongside a decline in circulating DAI supply from $4.72 billion to $4.67 billion. ...

Bitcoin’s 64-Day Coinbase Discount Driven by USDT Basis Rather Than US Selling
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Bitcoin’s 64-Day Coinbase Discount Driven by USDT Basis Rather Than US Selling

Key Highlights: The widely monitored Coinbase Bitcoin premium widened to minus 15.2 basis points against Binance, but adjusting for the Tether (USDT) exchange rate reduces the true cross-venue gap to just minus 1.4 basis points. Across 79 overlapping market sessions from August 21 to November 7, the raw gap held a -0.969 correlation with the ...

Cosmos Batch Moves 2,266 Staked ATOM From Six Accounts
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Cosmos Batch Moves 2,266 Staked ATOM From Six Accounts

Key Highlights: A 27-message batch transaction executed on November 7 utilized the Cosmos Hub Liquid Staking Module (LSM) to transfer staked $ATOM across multiple accounts without the standard 21-day unbonding period. The on-chain activity follows a disclosed Web3Auth infrastructure security vulnerability that exposed private keys for certain Keplr users accessing wallets via Google or Apple ...

Ethereum: Can Whales’ Latest Buying Spree Counter the Bearish Market Trend?
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Ethereum: Can Whales’ Latest Buying Spree Counter the Bearish Market Trend?

Key Highlights: Major cryptocurrency entities and dormant wallets have engaged in heavy Ethereum accumulation, including Bitmine’s 5,000 ETH buy and a 13.08K ETH withdrawal from Binance. Despite the surge in spot purchases, institutional players such as Wintermute maintain short exposure, keeping the whale-versus-retail delta negative. Market analysts view the $2,200 to $2,220 support range as ...

Tornado Cash-Funded Wallet Accumulates $26 Million Bitcoin and Ether Position
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Tornado Cash-Funded Wallet Accumulates $26 Million Bitcoin and Ether Position

Key Highlights: Onchain tracking service Lookonchain flagged a large market-neutral pair trade featuring a 169.47 BTC long position offset by a 5,740 ETH short position. Executed on the perpetual futures platform Hyperliquid, each leg of the paired position amounted to roughly $13.1 million in value. While Lookonchain described the entity behind the wallet as a ...

Ripple Loses Dominance in Stablecoin Market Cap Growth
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Ripple Loses Dominance in Stablecoin Market Cap Growth

Key Highlights: Ethena took the top position in 24-hour stablecoin market capitalization growth with an expansion of $39.6 million. Ripple slipped to second place after leading the sector the prior day with a $34.7 million surge, with Ethena’s latest growth outpacing Ripple by roughly 8.5 times. Broader market momentum lifted multiple stablecoin issuers, including double-digit ...

Stablecoin Supply Shrinks $6.7 Billion in a Week, Marking the Steepest Drop of 2026
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Stablecoin Supply Shrinks $6.7 Billion in a Week, Marking the Steepest Drop of 2026

Key Highlights: Total stablecoin market supply suffered ten consecutive daily drops, falling from $303.25 billion on 23 October to $292.31 billion on 7 November 2026. Market leaders Tether (USD₮) and Circle (USDC) accounted for roughly two-thirds of the weekly drop, shedding $3.10 billion and $1.31 billion respectively as institutional holders redeemed tokens at par. DefiLlama ...

Is MEXC Banned in the US? What the FinCEN Order Covers and When It Takes Effect
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Is MEXC Banned in the US? What the FinCEN Order Covers and When It Takes Effect

Key Highlights The Financial Crimes Enforcement Network (FinCEN) designated crypto exchange MEXC Global as a primary money laundering concern over alleged illicit flows tied to Russia and Iran, threatening severe penalties for non-compliant U.S. financial institutions. The enforcement action carries an open effective date, setting a 30-day enforcement clock that will officially begin only after ...