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MEXC exchange explained the halt as "scheduled maintenance" a day after the US Treasury order that cuts it off from the American financial system. According to the Cexorer tracker, as of November 7, six out of 18 tracked networks for USDT withdrawal (a stablecoin with an exchange rate pegged to the dollar) were working.
On November 6, FinCEN (the US Treasury's financial crimes unit) banned American banks from making any transfers to or from the MEXC Global crypto exchange. The exchange was named a "primary source of money laundering threat," with claims totaling $16 billion in transactions over five years.
The Coinhub brand, under which a network of more than 2,000 Bitcoin ATMs operates in the US, has appeared in prop trading. The Coinhub Funded program runs entirely in a simulated environment: trades do not reach the real market.
Microsoft abandons its agreement with Oracle to lease computing capacity for artificial intelligence. This concerns two of the top ten US companies by market capitalization, and both are part of the S&P 500 and Nasdaq 100.
The Central Bank of Nigeria has approved rules for the issuance and circulation of stablecoins (cryptocurrencies whose exchange rate is pegged to a conventional currency - the dollar, euro, or the local naira). The document came into force on November 5; existing issuers were given 30 days to register and 180 days to apply for a license.
The October US employment report (NFP) was released on November 6 and showed 165K new jobs against a forecast of 65K. The pound lost about 0.6% against the dollar and fell below the 1.3400 level.
On November 6, the selloff in tech and semiconductor stocks spread from Wall Street to Tokyo, Seoul and Shenzhen. Asian markets lost more than $1 trillion in value, and in South Korea trading had to be halted by the exchange's automation.
Production of the Cybertruck pickup at the Gigafactory Texas plant will stop by mid-2027, and the freed-up capacity will go to the driverless Cybercab taxi. From January to September 2026, 11,586 Cybertrucks were sold in the US, whereas Elon Musk had counted on 250,000 vehicles a year.
The October US labor market report came in more than double expectations, and the probability of a Fed rate hike at the December 9 meeting rose to 73%. US Treasury yields moved higher, and the dollar strengthened.
The US publishes its October employment report - the main release of the week for the dollar. Consensus expects +65 thousand non-farm payrolls after a weak +29 thousand a month earlier, and half an hour later the preliminary Michigan index is released.
On Thursday XAU/USD gained about 1%: it rebounded from $4,057 and settled above $4,100 amid the sell-off in US equities. On Friday morning the gains did not hold - the dollar recovered its losses, and the metal slipped back below $4,100 ahead of the release of the US jobs report.
On Thursday, November 5, the Japanese yen became the strongest currency of the day: money fled from US tech stocks into it, and the Bank of Japan's minutes added to expectations of a December rate hike.
Thomas Barkin, president of the Federal Reserve Bank of Richmond, said on Thursday, November 5, that inflation remains too high and for the Fed it is risk number one. He called the policy path clear: the only debate is about the pace of rate increases, and a gradual step "makes sense."
Beth Hammack, head of the Cleveland Fed, on Thursday called gradual rate increases the best path for US monetary policy. Inflation, she said, is too high and moving in the wrong direction, so policy must become restrictive.
The Brazilian crypto exchange Mercado Bitcoin has announced the date for the phased return of clients - November 9. The new estimate of what was stolen has risen to $48.6 million versus about $46 million in the first hours after the hack.
The US Department of Labor reported on Thursday at 16:30 Moscow time: in the week to October 31, initial jobless claims came in at 189K versus a forecast of 196K. Layoffs in the American economy are lower than expected - and this is a day before the main employment report.
Starting November 5, Samsung Wallet allows users to buy, store, send and receive USDC (Circle's stablecoin pegged to the dollar) on the Solana network. According to the company, the feature covers about 82 million compatible Galaxy smartphones in the US.
The rate was raised by 25 basis points, from 3.75% to 4%, exactly as the market expected. In the minutes, the Bank of England stated directly: further increases will most likely be needed, because inflation could approach 5% by mid-2027.
The German statistics were released on Thursday at 10:00 Moscow time and came in weaker than consensus. EUR/USD rolled back from session highs to just below 1.1250, but the pair still ends the week in positive territory.
On Wednesday, November 4, exchange-traded funds on Bitcoin and Ethereum (funds through which cryptocurrency is bought like an ordinary stock) gathered inflows instead of outflows for the first time in several sessions - about $128 million between the two. Fidelity alone pulled the market up, while the largest player continued to lose money.
On November 4, journalist Eleanor Terrett reported that the US House of Representatives is discussing a new crypto market structure bill. It expands the powers of the SEC (US Securities and Exchange Commission) and reduces the role of the CFTC (Commodity Futures Trading Commission), which the Republican version assigned to it.
In 24 hours, exchanges forcibly closed $974.8M in positions, and almost 60% of the amount was bets on a decline. BTC gained 4.64% and reached $80,480, ETH rose 6.84% to $2,418.
The DXY dollar index (the dollar's exchange rate against six major currencies) is falling for the second day in a row and in Thursday's Asian session reached 101.20 - its lowest value in a month. Pressure comes from the results of the US midterm elections and a sharp drop in oil.
Two addresses linked to Trump Media & Technology Group (owner of Truth Social) transferred 4,259 BTC worth about $342 million to the Crypto.com exchange. Both addresses are labeled as collateral for convertible bonds, and the deadline when holders may demand redemption falls on November 30.
