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According to Santiment data on Nov. 10, the number of non-empty Bitcoin wallets has fallen by about 108,700 since peaking at 59.99 million on Oct. 16, a move seen as reflecting small-scale investors exiting the market amid a prolonged correction and stagnant prices. On-chain analysts view this kind of retail capitulation as a typical precursor to bottom formation. In past cycles, broad retail exits and peak fear sentiment came ahead of major upswings. Bitcoin balances on exchanges have now fallen to around 1.28 million BTC, pointing to mounting supply pressure. Market watchers expect that if Bitcoin holds support in the $74,000-$75,000 range and reclaims $78,000-$80,000, exhausted selling and bargain accumulation by smart money could drive a broader trend reversal.

Bitcoin Lightning payment and wallet platform LNbits urged all server operators worldwide to shut down immediately after a series of exploit attacks disrupted parts of its network. LNbits disabled its own cloud-hosted instances on Nov. 8 after signs of unauthorized account creation and withdrawals were detected, and also issued an urgent notice for self-hosted server operators to take their servers offline. Some services, including the Telegram tip bot 'BitTipBot,' were confirmed to have been affected, with about 2.28 million sats stolen. The incident temporarily disrupted key payment infrastructure, including merchant POS payments, online checkout and donation APIs. The development team has merged code into its development branch under PR #4310, including measures to block internal requests and prevent account creation, but an official security patch has not yet been released as the formal version remains at v1.6.2.

Coinbase, Kalshi, Kraken, DRW, Jump Trading and Paradigm have filed an amicus brief backing the U.S. Commodity Futures Trading Commission’s regulatory authority over single-stock perpetual futures in the United States. The filing comes after the CFTC approved extending the perpetual contract structure, which originated in crypto markets and has no expiration date, to U.S. single-stock derivatives. CME Group, Cboe and Citadel Securities, representing a coalition of traditional finance exchanges and market makers, then sued to overturn the approval, arguing the CFTC had overstepped its authority, as the jurisdictional dispute has intensified. In the brief submitted to the court, the crypto and fintech coalition argued single-stock perpetual futures fall clearly within the CFTC’s regulatory oversight under the Commodity Exchange Act. The group also said the innovative derivatives could improve market liquidity and price discovery while trading safely within the regulatory framework.

China’s central bank plans to investigate institutions and individuals involved in a Solana promotional event in mainland China after halting the event last month, the South China Morning Post reported. A People’s Bank of China official said Solana-related business qualifies as illegal financial activity under cryptocurrency crackdown rules issued in February by the PBOC and seven other agencies, and added Solana’s promotional activities in China also violated those rules. Solana had planned to hold promotional events in major Chinese cities after opening a new office in Shanghai, but the first event in Shanghai was canceled. At the time, Solana Foundation Chairman Lily Liu said the schedule was postponed because the number of registrants exceeded the venue capacity reported to authorities.

Upbit, a South Korean crypto exchange, announced it will temporarily suspend deposits and withdrawals of ELF at 1:00 p.m. UTC on Nov. 17 for a wallet upgrade.

Blockchain security firm CertiK said exchanges should set absolute U.S. dollar caps for hot wallet holdings rather than relying solely on cold wallet custody ratios, Cointelegraph reported today. The firm pointed to weaknesses in the cold wallet storage ratio, a common exchange security metric, following a recent $6.3 billion Binance hot wallet breach. CertiK warned against exchanges emphasizing safety by saying 90% to 99% of assets are kept offline. While regulations in multiple jurisdictions mandate cold wallet ratios, including 80% in South Korea, 95% in Japan and 98% in Hong Kong, CertiK said an excessive focus on ratio-based rules can create other operational risks, including withdrawal delays, vulnerabilities tied to emergency fund transfers and concentrated key management. CertiK recommended exchanges cap hot wallet holdings using the strictest standard among the ratio versus customer deposits, expected withdrawal volumes, and an absolute loss ceiling based on the exchange’s financial capacity, broken down by asset and blockchain. It also urged exchanges to put circuit breakers in place.

South Korean Democratic Party lawmaker Lee Kang-il said the government has pledged to submit a bill to establish a basic legal framework for digital assets this month, Digital Asset reported. Lee said the basic law should be enacted by year-end to support follow-up institutional reforms. Speaking at a forum on the tasks ahead after the digital asset basic law held at the Financial Investment Association’s Leaders Hall on Nov. 10, Lee said the government had promised to submit the bill this month and added that the commitment was more specific than in the past.

South Korean exchange Bithumb announced the addition of Hyperliquid (HYPE) and Collector Crypt (CARDS) for KRW trading. HYPE will be listed at 7:00 a.m. UTC today, while CARDS will be listed at 9:00 a.m. UTC today.

BitPay has partnered with fiat on-ramp infrastructure provider MoonPay to roll out in-app crypto payments, NewsBTC reported. The company launched an integrated payment flow in more than 100 countries that lets users instantly buy cryptocurrency inside mobile wallets using Apple Pay, Google Pay, credit cards and SEPA bank transfers in Europe. BitPay aims to reduce cumbersome external verification steps involving third parties and lower entry barriers for new users by offering a one-tap checkout experience similar to mainstream mobile shopping apps.

U.S. spot Ether ETFs saw a net outflow of $184.6 million on Nov. 9, marking a third consecutive trading day of net withdrawals, according to Farside Investors. - BlackRock ETHA: -$119.3 million - BlackRock ETHB: -$20.8 million - Fidelity FETH: -$19.1 million - ARK 21Shares TETH: -$2 million - Morgan Stanley MSSE: +$1.6 million - Grayscale ETH: -$25 million

U.S. spot Bitcoin ETFs recorded $201 million in net outflows on Nov. 9, marking a third consecutive trading day of net redemptions, according to Farside Investors. - BlackRock IBIT: -$213.2 million - ARK Invest ARKB: -$9.9 million - Morgan Stanley MSBT: +$22.1 million

MEXC CEO Vugar Usi said the crypto exchange has established a communication channel with FinCEN with support from major U.S. law firms and is prepared to fully cooperate with the agency’s investigation. Usi added that FinCEN received MEXC’s written request on Nov. 9, according to the exchange. CoinNess reported on Nov. 7 that FinCEN had cut off MEXC from the U.S. financial system over alleged sanctions evasion involving Iran, North Korea and Russia. In that action, FinCEN said MEXC facilitated at least $16 billion in transactions tied to sanctions evasion, cybercrime and other illicit activity from May 2021 to May 2026, including about $1.5 billion linked to Russian sanctions evasion and $1 billion involving an Iranian crypto exchange.

An X user using the nickname "dlrrwad" claimed more than $1 million in funds was frozen without a clear explanation while using crypto exchange LBank. The user said substantial profits began to accumulate through high-leverage futures trades on Aug. 31, mainly involving major altcoins including XRP, DOGE, XLM, NEAR, FIL and SUI, and not low-liquidity memecoins. The user added withdrawals were halted without warning on Sept. 19 during an attempt to withdraw part of the funds. According to the post, LBank then requested additional verification and identity checks, and after the user cooperated with all procedures and later submitted one more round of supporting documents, the exchange notified the user on Oct. 14 that the funds had been frozen. The user also said all futures positions were forcibly liquidated during the latest downturn because of trading restrictions, while about 1 million USDT remaining in the spot account also remains frozen. The user advised others to reconsider using LBank until the issue is resolved.

South Korean exchange Upbit announced the addition of Hyperliquid (HYPE) for trading against KRW, BTC and USDT at 6:00 a.m. UTC on Nov. 10.

Tether, the issuer of the dollar-pegged stablecoin USDT, froze five Ethereum addresses about eight hours ago, blockchain security firm SlowMist reported. The addresses were found to hold a combined 24.35 million USDT. Separately, MistTrack, a SlowMist-affiliated platform, said one of the frozen addresses had a history of interacting with addresses identified as being linked to phishing and pig-butchering scams, adding the freeze was likely aimed at addresses tied to criminal activity.

Ethereum founder Vitalik Buterin said AI could help complete Ethereum’s remaining roadmap far faster than previously expected, according to an interview with Indian business and finance outlet Moneycontrol. Buterin identified active use of zero-knowledge proofs and AI-based formal verification as key goals of the “Lean Ethereum” upgrade planned over the coming years. He said the remaining roadmap workload would have taken 20 years based on conditions five years ago, but AI can significantly speed up development and help verify the safety of code and algorithms being written. He added Lean Ethereum aims to strengthen the network’s performance, decentralization and security at the same time.

Bitcoin showed no reaction even as U.S. stocks rebounded, and it may be time to step away from the market for a while, cryptocurrency analyst KillaXBT, who has about 242,000 followers on X, said. KillaXBT noted, "S&P500" rose 3% and "Nasdaq" gained 6.6%, but Bitcoin was completely unchanged. By contrast, when the S&P 500 fell 0.5% after the close and the Nasdaq slipped 0.65%, Bitcoin dropped 1.1%, KillaXBT added.

Zcash developer Dev Ojha proposed on the Zcash forum that the NU8 upgrade, scheduled for late January next year, include a roughly fourfold increase in the network’s maximum block size to 8 MB from 2 MB. Ojha also proposed including seven improvements in the upgrade: the launch of the Tachyon shielded pool, the introduction of a scalable transaction format, an increase in the maximum block size from 2 MB to 8 MB, the addition of SPHINCS-based quantum-resistant transparent transaction opcodes, an adjustment to the timing of NSM redistribution, a confirmed end date for Sapling deposits, and the removal of Consensus Branch ID updates. Ojha emphasized that combining Tachyon with the block size increase could lift shielded transaction throughput to as much as 200 transactions per second, or 200 TPS, while also strengthening quantum-resistant security and improving wallet compatibility.

An anonymous whale address starting with 2MdNva deposited 299,838 SOL worth $26 million into Binance and OKX over the past 16 hours, according to Lookonchain. Exchange deposits are typically interpreted as intended for selling. Lookonchain said the address has been collecting SOL from multiple addresses that created tokens and depositing the funds to exchanges, indicating token creators with large profits appear to be selling SOL.

Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading and Paradigm have sought permission to file an amicus brief supporting the U.S. CFTC’s authority to regulate single-stock perpetual futures. Coinbase legal executive Molly Abraham said current law does not classify security futures products as swaps and argued that blocking innovation would only leave commodities trading outside the regulatory perimeter. Abraham added companies will keep working to bring stock perpetual futures to the U.S. in a compliant way. The CFTC has formally approved trading in perpetual futures tied to individual stocks on U.S.-regulated exchanges, but traditional stock exchanges are pushing back. Opponents argue the perpetual futures products are closer to swaps, which fall under U.S. SEC regulation.

The XRPL Foundation said in an official X post on Nov. 9 it will provide grants of up to $40,000 to creators producing educational content related to the XRP Ledger. Eligible content includes videos, tutorials, articles, graphics and animations. Suggested topics include the lending protocol, confidential transfers, the consensus mechanism, NFTs and XRP’s role.

With the U.S. October consumer price index due later today, Bitcoin could see a short-term rebound if inflation comes in lower than expected, CoinDesk reported. Crypto research firm BRN said easing U.S. inflation pressure would be positive for risk assets, but BTC would need continued spot ETF inflows and a shift by the Federal Reserve toward looser monetary policy to sustain further gains. Until then, BRN sees a higher likelihood of additional declines. It added that if BTC closes below $73,000 on the daily chart, it could fall to $70,000, and a deeper slide could send it below $60,000. Bitget Wallet analysts also said a hotter-than-expected inflation reading could strengthen expectations for a December rate hike by the Fed, while slowing core inflation could help BTC rebound. Still, they said a break below $73,000 could push BTC down to $68,000, while reclaiming and holding $80,000 would signal stronger buying demand.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $63.69 million liquidated (61.7% longs) - ETH: $63.99 million liquidated (74.37% longs) - ZEC: $7.78 million liquidated (87.22% longs)

To provide fast and accurate real-time news coverage, we have introduced an AI monitoring system for updates from major cryptocurrency foundations. The system covers 785 cryptocurrency foundations as of Nov. 10. The AI monitoring system uses the following distribution criteria: - Newsworthiness: 30 points - Market impact: 30 points - Timeliness: 25 points - Reliability: 15 points - Total score required for publication: 80 points or higher

South Korea’s Fair Trade Commission has begun deliberations on the proposed business combination between Naver Financial and Dunamu after determining the deal may raise competition concerns, Digital Asset reported. The commission said on Nov. 10 it submitted an examiner’s report to the panel after completing procedures for proposed remedies related to the business combination through a comprehensive stock swap. The commission said the mixed and vertical combination between leading players across multiple relevant markets could risk excluding competitors. It also said a competitive assessment is needed for the not-yet-formed market for issuing won-denominated stablecoins. The specific remedies were not disclosed. The Fair Trade Commission plans to hold a full-panel meeting as soon as possible this year to decide whether to give final approval to the combination and what corrective measures to impose.