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CoinucationBitcoin slips 2.2% to $74,078 over the weekend while ether falls 5.5% to $2,108
The US Treasury cut crypto exchange MEXC off from the US financial system over an alleged $16 billion in illicit transactions.
By Coinucation Research, reviewed by Coinucation Editorial · Published Nov 9, 2026, 07:00 UTC · Covers the weekend to
The 30-second version
- Bitcoin fell 2.2% to $74,078 and ether dropped 5.5% to $2,108 over the weekend, with total crypto market value at $2.47 trillion.
- The US Treasury blocked MEXC from the US financial system, citing $16 billion in transactions it linked to Iran, Russia and North Korea.
- US spot bitcoin ETFs lost $430.2 million on November 5 and $1.36 billion over seven days, while ether ETFs shed $474 million over the week.
- Elliptic says hackers swapped about $50 million in stolen XRP for 1,650 BTC through THORChain.
- Open interest fell 3.9% as longs took most liquidations, and the Fear and Greed index sits at 29, in Fear.
- A rule that would allow crypto in 401(k) retirement plans has reached the White House for final review.
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 · weekendGainers
- Pieverse PIEVERSE$1.60 +14.3%
- Arbitrum ARB$0.1722 +2.9%
- Stable STABLE$0.0264 +2.4%
- Pepe PEPE$0.000005040 +2.2%
Losers
- Pi Network PI$0.0658 -12.9%
- Bitcoin Cash BCH$237.25 -11.9%
- Pump.fun PUMP$0.003540 -10.6%
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 · 453 headlines read1Hackers convert $50 million in stolen XRP into 1,650 BTC via THORChain
Blockchain analytics firm Elliptic says hackers swapped about $50 million of stolen XRP, mostly into bitcoin, using THORChain. Reports tied the funds to a Binance-related hack. XRP also fell sharply against bitcoin during the period.
BTCXRPRUNE Reporting: Crypto Briefing · CryptoPotato · Bitcoin Magazine · U.Today.
2Bitcoin and ether ETFs record $530 million in outflows in a single day
Bitcoin and ether funds lost a combined $530 million in one day as a $3 trillion drop on Wall Street weighed on markets, according to reports. Bitcoin touched an 11-week low after a Democratic election sweep and the Wall Street selloff, per one weekly recap. Our tracker shows bitcoin ETFs lost $1.36 billion and ether ETFs $474 million over seven days.
BTCETH Primary: Coinucation ETF tracker. Reporting: CryptoSlate · CryptoPotato · Bitcoinist · BeInCrypto.
3Crypto liquidations reach about $1 billion as bitcoin hits multi-week low
Liquidations across crypto markets reached about $1 billion as bitcoin, ether and XRP fell, according to reports. Our data shows open interest down 3.9%, with longs taking most of the liquidations and $67.4 million liquidated on OKX.
BTCETHXRP Reporting: Coinpedia · Crypto Briefing · AMBCrypto · CryptoPotato.
4BlackRock bitcoin fund records $105 million outflow
BlackRock's bitcoin fund sold $105 million of bitcoin as prices failed to recover. Separately, Peter Schiff commented on Michael Saylor's bitcoin treasury trading at its cost basis.
BTC Primary: Coinucation ETF tracker. Reporting: U.Today · BeInCrypto.
5Strive reports $474.8 million Q3 net income with 63.2% bitcoin yield
Strive (ASST) reported $474.8 million in third-quarter net income attributable to common shareholders and a bitcoin yield of 63.2% year to date. Separately, US spot bitcoin ETFs posted $412 million in net outflows on November 6.
BTC Primary: Coinucation ETF tracker. Reporting: Crypto Briefing · Bitcoin Magazine.
6Fidelity's Jurrien Timmer says he still prefers bitcoin to gold
Fidelity's Jurrien Timmer explained why he continues to favor bitcoin over gold during the current selloff.
BTC Primary: Coinucation ETF tracker. Reporting: U.Today · Crypto Briefing.
7XRP drops to $1.21 despite $540 million outflow from Binance
XRP fell to $1.21 even as about $540 million of the token left Binance. Reports also noted buying by large holders.
XRP Primary: Coinucation ETF tracker. Reporting: BeInCrypto · CryptoPotato.
8Bitcoin ETFs bought nearly twice Q3 miner output; LPL raises stake to $261 million
Bitcoin ETFs bought nearly twice as much bitcoin as miners produced in the third quarter, though $430 million left the funds on Thursday. LPL Financial increased its bitcoin ETF holdings by 50% to $261 million.
BTC Primary: Coinucation ETF tracker. Reporting: CryptoSlate · Crypto Briefing.
9Bitcoin ETF outflows reach four-month high as ether funds stay negative
Outflows from bitcoin ETFs hit their highest level in four months while ether funds continued to lose money. Our tracker shows $1.36 billion leaving bitcoin ETFs and $474 million leaving ether ETFs over seven days.
BTCETH Primary: Coinucation ETF tracker. Reporting: AMBCrypto · CryptoPotato.
10Core Scientific to exit bitcoin mining by 2027 as miners shift to AI
Core Scientific plans to stop mining bitcoin by 2027 as its AI data center business grows, despite third-quarter revenue of $233 million. TeraWulf reported $76.2 million in third-quarter revenue, with AI leases now larger than its mining business.
BTC Reporting: Crypto Briefing · AMBCrypto · CryptoPotato.
Flows
ETF figures are the latest published by issuers; the most recent trading day on file is 2026-11-05.
Leverage
OKX perpetual swaps| Market | Liquidated | Longs / shorts | Funding (8h) | Open interest |
|---|---|---|---|---|
| BTC | $22.88M | $17.16M / $5.72M | 0.0084% | $2.58B -1.6% |
| ETH | $21.74M | $18.60M / $3.14M | -0.0000% | $1.43B -7.2% |
| SOL | $9.79M | $9.33M / $461.4K | -0.0009% | $297.53M -6.2% |
| XRP | $9.72M | $9.12M / $603.7K | -0.0011% | $89.23M -4.1% |
| DOGE | $2.81M | $2.64M / $171.4K | 0.0029% | $86.90M -5.0% |
| BNB | $474.9K | $472.3K / $2.6K | 0.0033% | $42.39M -4.6% |
Leverage is flushing: open interest fell 3.9% as longs took most of the liquidations. Total liquidated $67.42M 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
Nothing unusual on the networks: fees and hashrate are within their normal range.
Regulation and policy
US Treasury cuts MEXC off from US financial system over $16 billion in flows
The US Treasury blocked crypto exchange MEXC from the US financial system over an alleged $16 billion in illicit transactions. The Treasury linked the flows to Iran, Russia and North Korea.
Reporting: Crypto Briefing · Bitcoin Magazine · BeInCrypto · Coinpedia.
Elizabeth Warren set to lead Senate Banking Committee
Senator Elizabeth Warren is poised to chair the Senate Banking Committee and is expected to target Wall Street and crypto. Separately, Evernorth disclosed a link between Ripple's RLUSD stablecoin and XRP.
XRPRLUSD Reporting: Crypto Briefing · CryptoPotato.
Senator Blumenthal sets January 4 deadline for Binance and Tether records
Senator Richard Blumenthal gave Binance and Tether until January 4 to provide records. The Senate probe also puts Trump-linked crypto firms on notice.
USDT Reporting: Crypto Briefing · BeInCrypto.
Rule allowing crypto in 401(k) plans reaches White House for final review
A rule that would permit crypto in 401(k) retirement plans has been sent to the White House for final review. Separately, Schellman flagged critical gaps in a White House AI oversight accord.
Reporting: Crypto Briefing · Bitcoin Magazine.
Bitcoin holds up under US regulatory pressure amid $1 billion ETF withdrawals
Bitcoin withstood US regulatory pressure while ETFs saw about $1 billion in withdrawals, according to one report.
BTC 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