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CoinucationBitcoin falls 5.9% to $75,658 as AI bubble fears drive a Wall Street selloff
The Federal Reserve and the OCC are assessing security risks at U.S. banks after the $6.3 billion hack of Binance.
By Coinucation Research, reviewed by Coinucation Editorial · Published Nov 6, 2026, 07:00 UTC · Covers the last 24 hours to
The 30-second version
- Bitcoin fell 5.9% to $75,658 and Ether dropped 8.0% to $2,229, with total crypto market cap at $2.56 trillion and the Fear and Greed index at 28.
- The Fed and the OCC are questioning U.S. banks about security risks following the $6.3 billion Binance hack.
- Polygon is considering a hard fork to recover 70.49 million POL, about $6.5 million, stolen in the Polymarket and Binance hacks.
- South Korea proposed delaying its 22% crypto gains tax to 2029, the fourth delay, alongside a three-year loss carryforward.
- Bitcoin ETFs took in $74.6 million on November 4 but saw $752.3 million in net outflows over 7 days, while stablecoin supply fell $851.5 million.
- Core Scientific plans to exit Bitcoin mining by the end of 2026 as it shifts its business toward AI.
Market snapshot
change vs the previous wrapYour watchlist
Star coins anywhere on the site and they show up here every morning with their move and any news. Pick coins or sign in to bring your list from the app.
What moved
top 100 by market cap · 24 hoursGainers
- Pieverse PIEVERSE$1.40 +11.1%
- Bitway BTW$1.10 +6.3%
- Arbitrum ARB$0.1677 +2.1%
A reason appears only where our data or a primary source supports one; otherwise it is just the move.
The big stories
ranked by how many outlets covered them · 319 headlines read1Polygon weighs hard fork to recover $6.5 million in stolen POL
Polygon is considering a hard fork to seize 70.49 million POL, worth about $6.5 million, taken by the hackers behind the Polymarket and Binance attacks. One outlet raised questions about the costs of such a move.
POL Reporting: U.Today · CryptoPotato · AMBCrypto.
2Fed and OCC review bank security after $6.3 billion Binance hack
The Federal Reserve and the Office of the Comptroller of the Currency are assessing security risks at U.S. banks following the $6.3 billion Binance hack, according to a report. Michael Saylor also commented on the hack's implications for crypto.
Reporting: Crypto Briefing · Bitcoin Magazine · BeInCrypto.
3Tether and Tron ended T3 crime unit two months before Binance hack
Tether and Tron shut down their T3 crime unit two months before the $6.3 billion Binance hack. Separately, Binance has added $3.4 billion in tracked assets since the hack.
USDTTRX Reporting: Bitcoin Magazine · CryptoPotato.
4Bitcoin ETFs post $75 million inflow as Fidelity offsets BlackRock
U.S. spot Bitcoin ETFs took in $74.6 million on November 4, according to the Coinucation ETF tracker, as inflows to Fidelity's fund outweighed $104.97 million in withdrawals from BlackRock's fund. Over the last 7 days, Bitcoin ETFs saw net outflows of $752.3 million, while Ether ETFs took in $75.3 million on the day and lost $456.3 million over 7 days.
BTC Primary: Coinucation ETF tracker. Reporting: CryptoSlate · Crypto Briefing.
5Asian AI stocks lose $550 billion while Bitcoin briefly rose 4%
One outlet reported that Bitcoin rose 4% while Asian AI stocks lost $550 billion in value. Trader James Wynn repeated his call for a Bitcoin crash despite new ETF inflows.
BTC Primary: Coinucation ETF tracker. Reporting: Coinpedia · BeInCrypto.
6Core Scientific to exit Bitcoin mining by end of 2026
Core Scientific plans to wind down its Bitcoin mining operations by the fourth quarter of 2026 as it shifts toward AI. Its colocation business has reached $215 million.
BTC Reporting: Crypto Briefing · Coinpedia · Bitcoin Magazine.
7Bitcoin drops below $76,000 as Wall Street sells off on AI fears
S. stocks. The selloff brought about $1 billion in liquidations, and one trader lost $15 million in minutes.
BTC Reporting: CryptoSlate · Crypto Briefing · BeInCrypto.
8World Liberty Financial launches WLFI token buyback
World Liberty Financial introduced a repurchase program for its WLFI token. The buybacks could be funded with income from its stablecoin reserves.
WLFI Reporting: Crypto Briefing · BeInCrypto.
9Binance revokes SignalPlus API keys after security issue
Binance removed API keys linked to SignalPlus after a security issue was reported at the platform, blocking its connections to the exchange.
JST Reporting: Crypto Briefing · U.Today · CryptoPotato.
10XRP turned back at resistance as major coins stall
XRP was rejected again at a resistance level, while Bitcoin and Ether prices also stalled after a rally.
BTCETHXRP Reporting: CryptoPotato · Coinpedia.
Flows
Leverage
OKX perpetual swaps| Market | Liquidated | Longs / shorts | Funding (8h) | Open interest |
|---|---|---|---|---|
| BTC | $42.86M | $36.06M / $6.80M | 0.0035% | $2.66B -1.0% |
| ETH | $39.16M | $31.72M / $7.44M | 0.0041% | $1.51B -2.4% |
| SOL | $15.02M | $12.28M / $2.74M | 0.0068% | $313.67M -6.8% |
| XRP | $3.35M | $3.24M / $102.0K | 0.0100% | $93.19M -10.6% |
| DOGE | $4.41M | $4.41M / $3.7K | 0.0061% | $91.09M -3.8% |
| BNB | $103.5K | $103.3K / $159.85 | 0.0100% | $45.87M -6.8% |
Leverage is steady: open interest moved -2.2% and liquidations were elevated. Total liquidated $104.90M on OKX perpetual swaps; one venue, so the market-wide total is larger. Liquidation calculator.
Treasuries
No new company purchases in SEC filings in this window.
Network
Ethereum gas is well below its 24-hour average.
Regulation and policy
South Korea proposes delaying 22% crypto gains tax to 2029
South Korea proposed postponing its 22% tax on crypto gains until 2029, the fourth delay of the policy. The proposal also includes a three-year loss carryforward.
BTC Reporting: Crypto Briefing · BeInCrypto · U.Today · Bitcoinist.
Sanctioned Moscow Exchange to list Bitcoin on December 1
The Moscow Exchange, which is under U.S. sanctions, will begin Bitcoin trading on December 1 as Russia moves crypto trading onto domestic venues. Separately, Bull Bitcoin became the first exchange to support Payjoin privacy for deposits, withdrawals and trading by default.
BTC Reporting: Bitcoinist · Bitcoin Magazine.
Shiba Inu lags as Bitcoin rally to $80,000 leaves altcoins behind
Shiba Inu did not join a Bitcoin rally to $80,000 that left altcoins behind. Another report said Democrats won the U.S. House and Senate.
BTCSHIB Reporting: The Daily Hodl · U.Today.
Zilliqa shifts to Ethereum layer 2 for regulated institutions
Zilliqa is pivoting to become an Ethereum layer 2 network aimed at regulated institutions.
ETH Reporting: Crypto Briefing.
Hyperliquid Strategies files with CFTC to become an FCM
Hyperliquid Strategies filed with the CFTC to register as a futures commission merchant, a step toward offering perpetual futures to U.S. clients.
HYPE Reporting: Crypto Briefing.
Today ahead
next 48 hoursNothing scheduled that we track in the next 48 hours.
Learn: term of the day
A fork is a change to a blockchain's rules or a split in its history, which can produce either an upgrade or two separate chains.
It comes up in today's story: Polygon Eyes Hard Fork to Recover 70.49 Million POL Stolen in Polymarket and Binance Hacks. Full definition · Explainer