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CoinucationUS Treasury bars MEXC from US financial system, citing $16B in alleged illicit flows
US spot bitcoin ETFs had $430.2 million in net outflows on November 5, bringing seven-day outflows to $1.36 billion.
By Coinucation Research, reviewed by Coinucation Editorial · Published Nov 7, 2026, 07:00 UTC · Covers the last 24 hours to
The 30-second version
- The US Treasury blocked crypto exchange MEXC from the US financial system over an alleged $16 billion in illicit transactions.
- Bitcoin rose 0.4% to $75,975 and ether gained 0.7% to $2,245, while the Fear and Greed Index read 25, Extreme Fear.
- Spot bitcoin ETFs saw $430.2 million in net outflows on November 5 and ether ETFs saw $77.9 million, per our tracker.
- Hackers moved about $50 million in stolen XRP into roughly 1,650 BTC through THORChain, according to Elliptic.
- A rule that would permit crypto in 401(k) plans has gone to the White House for final review.
- Stablecoin supply fell by about $1.46 billion, and bitcoin dominance stood at 59.3%.
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$1.53 +9.3%
- Bitway BTW$1.20 +9.2%
- Pearl PEARL$1.76 +7.3%
- Celestia TIA$0.4407 +5.5%
- Raydium RAY$1.80 +5.3%
Losers
- Stable STABLE$0.0250 -3.0%
- Bitcoin Cash BCH$261.30 -3.0%
- Jupiter JUP$0.2425 -2.5%
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 · 229 headlines read1Stolen XRP worth $50 million converted to bitcoin via THORChain
Hackers converted about $50 million in stolen XRP mostly into bitcoin, roughly 1,650 BTC, using THORChain, according to blockchain analytics firm Elliptic. One report links the funds to a Binance hack.
BTCXRPRUNE Reporting: Crypto Briefing · CryptoPotato · Bitcoin Magazine.
2Strive posts $474.8 million Q3 net income, 63.2% bitcoin yield
Strive (ASST) reported third-quarter net income of $474.8 million and a year-to-date bitcoin yield of 63.2%. Separately, spot bitcoin ETFs had $412 million in net outflows on November 6, according to one report.
BTC Primary: Coinucation ETF tracker. Reporting: Crypto Briefing · Bitcoin Magazine.
3Bitcoin and ether ETFs report $530 million one-day outflow
Bitcoin and ether ETFs lost $530 million in a single day as a $3 trillion selloff hit US stocks, according to one report. A weekly recap said bitcoin reached an 11-week low after a Democratic election sweep and the Wall Street decline. Our tracker shows combined outflows of $508.1 million on November 5.
BTCETH Primary: Coinucation ETF tracker. Reporting: CryptoSlate · CryptoPotato.
4BlackRock fund sells $105 million in bitcoin
BlackRock sold $105 million of bitcoin as a price recovery stalled, according to one report. Peter Schiff again said he sees an end to what he calls a bitcoin bubble.
BTC Primary: Coinucation ETF tracker. Reporting: U.Today · BeInCrypto.
5Bitcoin ETFs absorbed nearly twice Q3 mining output; LPL raises stake
Spot bitcoin ETFs bought close to double the bitcoin miners produced in the third quarter, though $430 million left the funds on Thursday. LPL Financial increased its bitcoin ETF holding by 50% to $261 million.
BTC Primary: Coinucation ETF tracker. Reporting: CryptoSlate · Crypto Briefing.
6Bitcoin hits multi-week low as liquidations reach up to $1 billion
Bitcoin fell to a seven-week low alongside about $1 billion in crypto liquidations, according to one outlet. Another reported $731 million in liquidations as election hopes faded. Our data shows bitcoin up 0.4% over the last 24 hours, with OKX liquidations of $29.3 million.
BTC Reporting: Coinpedia · Crypto Briefing · AMBCrypto.
Flows
Leverage
OKX perpetual swaps| Market | Liquidated | Longs / shorts | Funding (8h) | Open interest |
|---|---|---|---|---|
| BTC | $15.26M | $10.66M / $4.59M | 0.0016% | $2.62B -1.7% |
| ETH | $8.53M | $6.19M / $2.33M | 0.0036% | $1.54B +1.5% |
| SOL | $2.99M | $1.62M / $1.37M | 0.0100% | $316.85M +1.2% |
| XRP | $2.30M | $2.27M / $21.3K | 0.0080% | $92.92M +0.1% |
| DOGE | $198.0K | $165.5K / $32.5K | 0.0070% | $90.93M +0.2% |
| BNB | $6.7K | $2.8K / $3.9K | 0.0033% | $44.56M -2.4% |
Leverage is steady: open interest moved -0.4% and liquidations were modest. Total liquidated $29.28M 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
US Treasury blocks MEXC over alleged $16 billion in illicit activity
The US Treasury has blocked crypto exchange MEXC from the US financial system. The action cites an alleged $16 billion in illicit transactions.
Reporting: Crypto Briefing · Bitcoin Magazine · BeInCrypto.
Crypto-in-401(k) rule goes to White House for final review
A rule allowing crypto in 401(k) retirement plans has reached the White House for final review. Separately, Schellman identified critical gaps in a White House AI oversight accord.
Reporting: Crypto Briefing · Bitcoin Magazine.
Speculators add short bets on five-year Treasury futures
CFTC data for the week of November 3, 2026 shows speculators increased short positions on five-year Treasury futures.
Reporting: Crypto Briefing.
Today ahead
next 48 hoursNothing scheduled that we track in the next 48 hours.
Learn: term of the day
An exchange-traded fund is a regulated investment fund that trades on a stock exchange and lets investors buy exposure to an asset through a brokerage.
It comes up in today's story: LPL Financial boosts Bitcoin ETF stake by 50% to $261 million. Full definition · Explainer