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Source: https://t.co/hVlvykv7RA

[Wu Blockchain @WuBlockchain]

CFTC May Bring Charges Against Kalshi as Democrats Prepare to Step Up Prediction Market Oversight

According to POLITICO, the U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi of potential enforcement charges over alleged failures to properly notify the agency about dozens of proposed contracts. Kalshi said the issue involves procedural filing errors affecting a handful of contracts, many of which never went live, and that it is addressing the matter. The months-long investigation focuses on the self-certification process, which allows exchanges to launch new contracts without explicit CFTC approval. The agency is also investigating whether Polymarket violated its 2022 settlement agreement restricting access by U.S. users.

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Onchain Lens: $891M Potentially Moved or Laundered Following $6.34B Binance Hack

According to Onchain Lens, approximately $891 million in assets from the previous $6.34 billion Binance hack may have been transferred or used for money laundering. Onchain Lens estimates that around $2.85 billion in assets remain under the attackers' control, while another $2.6 billion has been frozen. Over the past two to three days, the attackers have continued moving funds through THORChain and Chainflip.

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Source: https://t.co/y9XNn6fQRu

[Wu Blockchain @WuBlockchain]

Goldman Sachs, Citi and Other Banks Commit $270M to Joint Stablecoin Venture

According to Bloomberg, a group of financial institutions, including Goldman Sachs, Citigroup, Santander and Deutsche Bank, have committed approximately $270 million to Project Faro, a joint stablecoin venture. The funding is intended to cover five years of operations. The project, involving 21 financial institutions, plans to establish a US-based company to issue a dollar-denominated stablecoin in the first half of 2027, with a euro-denominated stablecoin expected to follow. Other participants include Wells Fargo, Fidelity, UBS and Lloyds Banking Group. The initiative aims to compete with established issuers Tether and Circle, whose stablecoins account for roughly 85% of the global market.

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CZ: From a Financial Hub, It's Hard to Imagine Life Without a Bank Account

On November 3, Binance co-founder Changpeng Zhao (CZ) @cz_binance spoke at the Oxford Union @OxfordUnion. In discussing the freedom of money, he started with a simple example: paying a bill. He said that in an established financial hub like the UK, it can be hard to appreciate the difficulties of living without a bank account. In parts of Africa and Southeast Asia, however, financial services can be hard to access, and paying a single bill can take three days.

He offered an example of how crypto could help: even if a village had just one smartphone, residents could use it to pay their bills in three seconds and save themselves a trip.

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Plume Affiliate Kimber Digital Securities Secures FINRA Membership and SEC Broker-Dealer Registration

Plume announced that its affiliated broker-dealer, Kimber Digital Securities, has received FINRA membership approval and is now registered with the U.S. Securities and Exchange Commission (SEC). The firm plans to use infrastructure provided by the Depository Trust Company (DTC) to enable investors to hold eligible tokenized stocks, ETFs, and bonds in self-custodial wallets while retaining their corresponding book-entry entitlements recorded at DTC and associated shareholder rights. Plume said the model aims to integrate tokenized securities with the existing U.S. securities custody and settlement system while complying with regulatory requirements, including best execution, independent oversight of operational and cybersecurity risks, and ongoing disclosures.

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Source: https://t.co/eqzNaZUtVr

[Wu Blockchain @WuBlockchain]

CryptoQuant: USDT Market Cap Falls $6.6B in 60 Days as Crypto Liquidity Tightens

According to CryptoQuant's November 10 report, USDT's market capitalization fell by $6.6 billion over the past 60 days, exceeding the decline recorded during the redemption wave in December 2022 following FTX's collapse, indicating continued tightening in crypto market liquidity. CryptoQuant noted that stablecoin supply is a key indicator of potential buying power in the crypto market, and its continued decline means fewer sources of new demand to support Bitcoin prices. Meanwhile, Bitcoin's apparent demand contracted by 284,000 BTC over the past 30 days, the sharpest decline since March 2025, while the Coinbase Premium Index remained negative for 30 consecutive days, reflecting weak US spot demand. Although similar demand contractions have historically coincided with local market bottoms, declining stablecoin liquidity and the lack of a recovery in spot buying suggest Bitcoin remains at risk of a deeper correction.

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ZachXBT Questions FinCEN’s $16B MEXC Allegation, Raises Concerns Over Regulatory Overreach

Onchain investigator ZachXBT argued that hundreds of millions or even billions of dollars in illicit activity could also be identified at other major exchanges, raising concerns about potential U.S. regulatory overreach against platforms like MEXC and HTX. He questioned why offshore exchanges with little U.S. presence rushed to restrict MEXC-related transfers. While acknowledging MEXC’s historically lax AML/KYC practices, he said FinCEN’s $16 billion illicit transaction estimate appeared overstated and called for supporting data and comparisons with other exchanges.

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14 Public Companies Sold an Estimated $8.08 Billion in Bitcoin in 2026, Led by MARA and Riot

According to Lookonchain, 14 publicly traded companies have sold approximately 108,247 BTC worth $8.08 billion so far in 2026. MARA led with 40,581 BTC sold, followed by Riot Platforms with 20,264 BTC. Together, the two accounted for about 56.2% of the total. Bitdeer, Cango, and CleanSpark recorded 10,553 BTC, 7,001 BTC, and 5,715 BTC, respectively. The figures include some estimated onchain outflows and options-related deliveries, rather than exclusively confirmed spot sales.

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Source: https://t.co/RmaIMZFHhy

[Wu Blockchain @WuBlockchain]

Binance Halts Transactions Involving MEXC and Its Affiliates Following FinCEN Designation

Binance announced on November 10 that it will no longer process transactions involving MEXC and its affiliated entities following FinCEN's recent designation of MEXC as a primary money laundering concern. Users are prohibited from sending or receiving funds directly or indirectly through Binance involving these entities.

Outgoing transfers will be rejected, while incoming deposits will be temporarily withheld pending compliance review. Affected accounts may face additional restrictions or termination of services. The listed entities include MEXC Global Limited, MEXC Estonia OÜ, MEXC Singapore Pte Ltd, and other MEXC affiliates.

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Veteran Web3 Airdrop Platform Galxe to Shut Down After Serving 36 Million Users and 7,700 Projects

Galxe, a major Web3 quest and rewards platform, announced it will wind down its core services, including Galxe Quest, Galxe ID and Galxe Passport, as it shifts its team and brand to its Layer 1 blockchain, Gravity. Over more than five years, Galxe has served 36 million users and over 7,700 partner projects. New campaigns have been suspended, with participation ending December 5 and reward claims closing December 15, after which the website will become read-only. Gravity will continue operating, and the G token will remain unaffected.

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BlackRock Sees Record Demand From Bitcoin Whales Converting BTC Into IBIT Over Security Concerns

According to Barron's, BlackRock's Head of Digital Assets, Robbie Mitchnick, said demand from large Bitcoin holders seeking to convert self-custodied BTC into shares of BlackRock's spot Bitcoin ETF (IBIT) has reached record levels, primarily driven by security concerns.

The report cited approximately $3.6 billion in such conversions, with the actual total potentially higher. Through in-kind transactions, investors can exchange existing BTC holdings for ETF shares without first selling their Bitcoin on the market. These conversions represent a shift in custody arrangements rather than necessarily new capital inflows into Bitcoin.

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Bithumb, South Korea's second-largest cryptocurrency exchange, announced it will list Hyperliquid (HYPE) and Collector Crypt (CARDS) in its KRW market on November 10. HYPE trading is scheduled to begin at 07:00 UTC, with deposits supported via HyperEVM, while CARDS trading is expected to start at 09:00 UTC, with deposits supported via Solana.

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Upbit to List HYPE Token of World's Largest Decentralized Perpetuals Exchange

Upbit, South Korea's largest cryptocurrency exchange by trading volume, announced it will list HYPE, the native token of Hyperliquid, the world's largest decentralized perpetual futures exchange by trading volume. Trading will begin on November 10 at 15:00 KST (06:00 UTC) across KRW, BTC and USDT markets.

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Source: https://t.co/wlbWRdEqzP