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PropMarketCapFRESHRegulation

India raided CoinDCX and Delta: rupees were routed through USDT to Binance and KuCoin

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.

PropMarketCapInstitutional players and funds

Stablecoins lost $14.2 billion in a month - the worst outflow since 2022

Glassnode in a report dated November 11 calculated: the volume of the largest stablecoins (coins with an exchange rate pegged to the dollar) shrank by $14.2 billion over 30 days. It only fell more sharply in the bearish 2022.

PropMarketCapRegulation

OKX, Binance and Gate have started delaying transfers coming from MEXC

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.

PropMarketCapRegulation

US Senate demanded documents from Binance, Tether and Trump family crypto projects

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.

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.

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.

PropMarketCapRegulation

BTC, ETH and USDT for retail investors from November 17: the Central Bank approved cryptocurrency regulation

The Central Bank has approved the final rules: a non-qualified investor will be able to buy cryptocurrency through a broker or a crypto exchange, but no more than 300,000 rubles per year (about $3,700) at each intermediary. The Moscow Exchange plans to start trading on December 1.

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.

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.

PropMarketCapInstitutional players and funds

Tether stated it holds 150,000 BTC — 50,000 more than in its report

Tether CEO (the issuer of USDT, the largest stablecoin — a coin whose rate is pegged to the dollar) Paolo Ardoino said the company holds about 150,000 BTC, worth roughly $11.5 billion. The latest reporting implies an amount $3.8 billion lower.

PropMarketCapCrypto market

BTC fell to $75,700 and returned to $78,000 by morning

At night, while votes were being counted in the US congressional elections, BTC dropped below $76,000 with a low of $75,700. By 09:16 Moscow time on November 4, it was trading around $77,918 (+1.6% over the day) — the entire dip was bought back within a few hours.

PropMarketCapInstitutional players and funds

ETH reserves on exchanges fell to 14.5 million coins - the lowest since 2016

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.

PropMarketCapInstitutional players and funds

Tether claimed 150,000 BTC - that's 50,000 coins more than in its own report

Tether CEO (the company issuing the largest stablecoin USDT - a coin with an exchange rate pegged to the dollar) Paolo Ardoino cited a figure of 150,000 BTC, worth roughly $11.5 billion. The company's quarterly report lists about 100,000 BTC, and he did not specify where the difference came from.

PropMarketCapExchanges and infrastructure

Tether froze $1.5 billion in the USDT stablecoin out of the $6.3 billion stolen from Binance

On October 29, about $6.3 billion was withdrawn from Binance wallets across several blockchains. Tether, the issuer of the largest stablecoin (a coin whose exchange rate is pegged to the dollar), said it managed to immobilize more than $1.5 billion of the stolen USDT.

PropMarketCapExchanges and infrastructure

Mercado Bitcoin halted withdrawals: over $40M drained from the crypto exchange's wallets across 10 networks

Brazil's largest crypto exchange Mercado Bitcoin suspended deposits and withdrawals on Monday, November 2, after its wallets were emptied across ten blockchains at once. Loss estimates from specialized security firms exceed $40M.

PropMarketCapExchanges and infrastructure

7,500 BTC left in SAFU: Binance crypto exchange has spent half of its insurance fund

After a $6.3 billion hack - the largest in crypto history - Binance transferred 7,499 BTC from its SAFU insurance fund. The fund's Bitcoin reserves have roughly halved: from ~15,000 BTC to ~7,500 BTC (about $583 million), and the exchange has not given a timeline for replenishing it.

PropMarketCapExchanges and infrastructure

Hackers laundered $242 million in two days after the Binance crypto exchange hack, $3.24 billion is still with them

On October 29, about $6.36 billion was withdrawn from Binance across ten blockchains. $2.85 billion (44%) was frozen or seized, the remaining $3.24 billion sits in more than 950 attacker wallets, and part of it has already passed through mixers (services that mix coins to break the trail).

PropMarketCapExchanges and infrastructure

FBI: $6 billion stolen from Binance by DPRK hackers, exchange lost $3.64 billion in 9.5 hours

The FBI officially named the North Korean group TraderTraitor as the culprit behind the October 29 Binance hack. After the findings were released, clients withdrew a net $3.64 billion - 2.1% of all exchange assets.

PropMarketCapExchanges and infrastructure

$3.64 billion left the Binance crypto exchange in 9.5 hours after withdrawals opened

Binance resumed withdrawals after the largest crypto hack in history at $6.3 billion and in the first nine and a half hours paid out a net $3.64 billion. The exchange itself calls this 2.1% of its assets.

PropMarketCapExchanges and infrastructure

Binance restored stablecoin and ETH withdrawals after the $6.3 billion hack, covering 95% of the losses

On November 1, Binance gradually reopened crypto asset withdrawals, which had been halted after the largest hack in crypto market history - damage is estimated at $6.3 billion. The exchange states that it has already reimbursed about 95% of the affected assets from its own resources and will not pass the losses on to clients.

PropMarketCapExchanges and infrastructure

Binance recovers 90% of stolen funds: crypto exchange prepares for relaunch on November 1

After $6.3 billion was stolen from the exchange's wallets, Binance stated that it has returned about 90% of the withdrawn assets and aims to resume operations on November 1. Full cryptographic proof of reserves is promised by November 3.

PropMarketCapRegulation

The $6.3 billion Binance hack turned Congress toward cryptocurrency regulation

On October 29, hackers breached Binance's hot wallets (the exchange's network-connected storage) and withdrew $6.3 billion in assets. Two days later, the story became political: Donald Trump said the administration was dealing with the incident, and letters demanding federal oversight of exchanges began arriving in Congress.

PropMarketCapExchanges and infrastructure

Tether earned $1.5 billion on the USDT stablecoin in a quarter and holds $191.5 billion in assets

Tether (the issuer of USDT, the largest stablecoin - a coin whose exchange rate is pegged to the dollar) reported $1.5 billion in operating profit for the third quarter of 2026. Since the start of the year, the result has reached $4.5 billion.

PropMarketCapExchanges and infrastructure

$6.3 billion stolen from Binance hot wallets: crypto exchange has not resumed withdrawals

On Thursday, about $6.3 billion was withdrawn from Binance wallets — the largest theft in crypto market history. The exchange has reserved $6.34 billion to compensate clients, but withdrawals for users still do not work.