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PropMarketCapExchanges and infrastructure

USDT TRC20 withdrawal from MEXC halted: 6 out of 18 networks are working

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.

PropMarketCapRegulation

US Treasury cuts MEXC off from the dollar system: $16 billion claim

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.

PropMarketCapProp industry

Coinhub Funded: a prop program on demo accounts with payouts in USDT

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.

PropMarketCapCurrencies, commodities and indices

Microsoft pulls out of Oracle deal to lease cloud capacity for AI

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.

PropMarketCapRegulation

Nigeria has included stablecoins in cryptocurrency regulation and banned algorithmic tokens

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.

PropMarketCapMacroeconomics and central banks

Pound fails to hold 1.3400: US employment 2.5 times above forecast, market expects Fed rate hike

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.

PropMarketCapCurrencies, commodities and indices

Asia lost $1 trillion in a day following Nasdaq: KOSPI halted, Nikkei in bear market

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.

PropMarketCapCurrencies, commodities and indices

Tesla will wind down Cybertruck production by mid-2027 - the line will be given over to robotaxis

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.

PropMarketCapMacroeconomics and central banks

US employment 165K vs forecast 70K, unemployment 4.1%: Fed rate may rise

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.

PropMarketCapMacroeconomics and central banks

Market awaits 65K after disappointing 29K: NFP today at 16:30 MSK

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.

PropMarketCapCurrencies, commodities and indices

After climbing above $4,100 amid the Nasdaq crash, the gold price pulled back a day later

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.

PropMarketCapCurrencies, commodities and indices

Yen outperformed all majors: USD/JPY moved to 157.70 amid the Nasdaq crash

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.

PropMarketCapCrypto market

Long liquidations in 24 hours exceeded $1 billion, crypto market in the red: BTC fell below $76,000

By 21:48 Moscow time on November 5, according to CoinGlass, leveraged positions worth more than $1 billion were forcibly closed over 24 hours, and these were mostly bets on growth. There has not been a larger wave since October 28-29, when BTC fell from almost $82,000 to $76,000.

PropMarketCapMacroeconomics and central banks

Barkin of the Fed: US inflation is risk number one, the rate should be raised gradually

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."

PropMarketCapMacroeconomics and central banks

Hammack: Fed rate must become restrictive, inflation is moving in the wrong direction

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.

PropMarketCapExchanges and infrastructure

Access to accounts on the Mercado Bitcoin crypto exchange will open on November 9, losses have grown to $48.6 million

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.

PropMarketCapMacroeconomics and central banks

US jobless claims: 189K vs 196K forecast ahead of NFP

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.

PropMarketCapExchanges and infrastructure

Samsung integrates USDC stablecoin into Galaxy wallet: feature available on 82 million devices in the US

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.

PropMarketCapMacroeconomics and central banks

The Bank of England raised the rate to 4% and warned that increases may continue

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.

PropMarketCapMacroeconomics and central banks

German industrial orders rose 4.4% instead of 4.8%: euro retreated from 1.1270

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.

PropMarketCapInstitutional players and funds

Inflows return to Bitcoin ETF and Ethereum funds: $128 million, BlackRock has minus $201 million

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.

PropMarketCapRegulation

Democrats in Congress want to give crypto regulation to the SEC and cut the CFTC's role

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.

PropMarketCapCrypto market

A $975M short squeeze shook the crypto market: BTC returned above $80,000

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.

PropMarketCapCurrencies, commodities and indices

DXY breaks below 101.20: dollar index at one-month low after Democrats win Congress

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.