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India's Enforcement Directorate conducted raids on November 4 and 5 at three offices in Bengaluru. The country's largest crypto exchange by turnover, CoinDCX, and the derivatives platform Delta Exchange India came under scrutiny: they are suspected of circumventing currency legislation.
On November 12, Binance announced that options on commodity assets (gold contracts, where settlement is in crypto) are switching to the same settlement price methodology that already works for crypto options. The rule applies to contracts expiring on November 23 at 17:00 New York time, i.e. November 24 at 01:00 MSK, and to all subsequent ones.
On November 10, miners transferred 2077 BTC to exchanges, and about 97% of this volume came from a single pool - Antpool. The usual daily flow from miners is 16 times smaller.
One of Brazil's largest crypto exchanges is restoring deposits and withdrawals of money via Pix (the Brazilian central bank's instant payment system) starting next week. Deposits and withdrawals of cryptocurrency itself remain suspended, with no date for their return.
US consumer prices rose 0.4% month-over-month in October versus the expected 0.23-0.3%. Immediately after the release at 16:30 MSK, exchanges forcibly closed roughly $200 million in long positions in crypto; Bitcoin and gold moved lower.
On November 10, Binance stopped processing any transactions related to MEXC and 12 of its other legal entities. A day earlier, the platforms were only slowing down such transfers; now it is a ban. The reason was a FinCEN order (the financial intelligence unit of the US Treasury), which linked $16 billion in suspicious transactions to MEXC.
Binance clients in France, Italy, Spain and Poland are receiving notices that their accounts will be closed on December 31, 2026: the exchange never obtained a MiCA license (the EU's overarching crypto law). From November 29, a fee of 0.025% per month, minimum 10 USDC, will be charged on money remaining in the account.
Users complain about deposit delays, frozen transfers and additional checks on major exchanges if money is sent from MEXC. Formally, the US ban will only take effect in 30 days, but exchanges are tightening the rules in advance.
Senator Richard Blumenthal, chairman of the Senate Permanent Subcommittee on Investigations (PSI), sent letters to Binance, Tether, World Liberty Financial, Fight Fight Fight LLC and other companies. Responses are due by January 4, 2027.
Binance's French division did not obtain authorization under MiCA (the EU's common crypto law) and announced the closure of client accounts on December 31, 2026. This concerns one of the world's largest crypto exchanges and one of Europe's largest markets.
Since Monday, November 2, American banks have been receiving questions from two supervisory agencies: whether they had any unusual activity or service disruptions. The trigger was the $6.34 billion theft from Binance - there is no formal case, but banks' crypto risks are being examined in connection with this episode for the first time.
On November 5, Binance deleted all access keys associated with SignalPlus, a Hong Kong-based platform for trading crypto options and derivatives. The service itself reported a "potential security issue," and the exchange called the key revocation an immediate precautionary measure.
The Arbitrum network security council used special powers to transfer 8426 ETH and 74.6 million ARB from the Binance hacker's wallet - the owner's signature was not required for this. In parallel, Binance and Polymarket submitted a proposal to Polygon governance for a hard fork that would seize 70.49 million POL (about $6.8 million) from five addresses.
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 exchange published a release on the phased return of withdrawals for a new group of assets - among them UNI (the Uniswap exchange token) and AAVE (the token of the Aave lending protocol). Access is being opened across several withdrawal networks at once.
The crypto market priced in the US midterm election results with gains: BTC rose to $80,500, ETH added almost 6% to $2,433. $469 million in leveraged positions were liquidated in 24 hours.
The world's largest crypto exchange published an expanded reconciliation of client funds after a $6.34 billion theft and stated that it had replenished about 98% of the affected assets. Withdrawals, however, are not fully open.
While the US was counting votes in the congressional elections, BTC fell to a seven-week low and by Wednesday evening had recovered almost the entire decline.
The funding rate for Bitcoin perpetual futures on Binance rose to 0.01 — the highest in more than two months. Over the past 24 hours, positions worth over $430M were forcibly closed on the market, mostly longs.
On November 2, $140 million net was withdrawn from US exchange-traded funds on Ethereum (the fund trades on an exchange like a stock and holds the asset itself). This is the sixth trading session in a row with outflows, and 98.6% of the amount came from a single BlackRock product.
As of November 2, platforms held about 14.5 million ETH - less than 42% of the 2020 peak volume. At the same time, traders are unwinding leverage: open interest in ETH futures contracted by $3.11 billion over a month and a half.
The exchange published a report on the October 29 hack. It all began when a Binance engineer was looking for a new job and downloaded a "test assignment" from a fake employer onto his work computer. The FBI attributed the $6.4 billion theft to the North Korean group TraderTraitor.
After the $6.3 billion theft from Binance, US exchange-traded funds on BTC and ETH continue to lose money: minus $399 million and minus $140 million in Monday alone. Prices are falling along with flows.
The world's largest crypto exchange has lost assets worth roughly $6.3 billion, and it will have to reimburse them out of its own pocket: according to Bloomberg Law, Binance has no cyber insurance policy for that amount.
