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India’s Enforcement Directorate said on its official X account that its Bengaluru unit conducted searches at three business sites linked to CoinDCX and Delta Exchange on Nov. 4-5 under the Foreign Exchange Management Act, 1999. The authority said the two exchanges are suspected of involvement in large-scale unauthorized cross-border financial transactions tied to crypto derivatives and real-world asset token trading, with transaction volumes totaling hundreds of billions of rupees.

U.S. spot Ethereum ETFs saw net outflows of $93.19 million on Nov. 6, according to SoSoValue. - BlackRock ETHA: -$90.76 million - BlackRock Staking ETHB: +$1.15 million - Grayscale Mini ETH: -$1.91 million - Fidelity FETH: -$1.67 million

U.S. spot Bitcoin ETFs recorded $411.9 million in net outflows on Nov. 6, according to Farside Investors. - BlackRock IBIT: -$403 million - Fidelity FBTC: +$42.89 million - Bitwise BITB: -$20.5 million - Ark Invest ARKB: -$20.1 million - Grayscale GBTC: -$11.1 million

Hong Kong’s Securities and Futures Commission plans to fully ban unlicensed financial and virtual-asset businesses from using names that could mislead the public into thinking they are government-authorized institutions or official exchanges. According to industry sources on Nov. 7, the SFC released consultation conclusions after gathering market feedback and formally proposed amendments to the Securities and Futures Ordinance (SFO) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The move is aimed at blocking unlicensed platforms from using terms such as "Exchange," "Clearing House," and "VATP" in their names or marketing language, or otherwise presenting themselves as if they had received formal SFC authorization. The regulator plans to prevent harm in which unlicensed entities use credible financial terminology to attract investors and then engage in illegal business or money laundering.

According to on-chain intelligence platform Arkham, a specific wallet transferred an additional 1.5 million WLD to OKX today. Over the past three days, the address has split deposits totaling 5.1 million WLD, worth about $1.8 million, across major centralized exchanges including Coinbase, Gate.io and OKX. The wallet received 10.258 million WLD from an intermediary wallet, 0x6325, a week ago. Tracking of the fund flow showed the tokens originally came from a wallet officially labeled as belonging to the Worldcoin team three years ago.

Preferred stock ETFs under VanEck and BlackRock hold a combined $565 million worth of Strategy preferred shares. As of Nov. 5, VanEck’s PFXF, a non-financial preferred securities ETF, held about $161 million in Strategy-related securities, making it the fund’s largest holding at 7.6% of net assets. As of Nov. 4, BlackRock’s iShares Preferred and Income Securities ETF (PFF) held about $404 million in Strategy preferred shares, accounting for around 3.5% of fund assets.

Bitcoin infrastructure developer Blockstream said Bitcoin could adopt new digital signature technology in the future to address security threats from quantum computers. After comparing the lattice-based cryptographic schemes Dilithium, Falcon and Hawk, Blockstream’s research team identified Falcon-1024 as the leading candidate after weighing signature size, verification speed and security. The team added using hash-based signature technology in the short term would be a more prudent approach, and said combining multiple signature methods could also be considered in the future.

Rep. Maxine Waters has formally launched a bid to chair the House Financial Services Committee, making tougher cryptocurrency oversight a central campaign pledge, Bloomberg reported. In a letter to Democratic lawmakers, Waters said she would establish a strict but fair regulatory framework for crypto firms that comply with rules and strengthen oversight of the digital asset industry. Waters has served as the committee’s top Democrat since 2013. Rep. Sean Casten is also running for the post, with stronger oversight of risks tied to cryptocurrencies, prediction markets and AI among his key pledges. Democrats are expected to decide major committee assignments in the coming weeks.

HyperLabs, the development team behind Hyperliquid, distributed 179,706 unstaked HYPE worth about $14.49 million to the wallets of six team members 11 hours ago, AmberCN reported.

An anonymous whale bought 8,775 ETH for 19.7 million USDT about one hour ago at an average purchase price of $2,245, AmberCN reported. The wallet now holds a total of 23,097 ETH, worth about $51.69 million.

Uniswap said it will support V4 hooks on Elysium, a layer-two network in the Hyperliquid ecosystem. Developers will be able to use the feature to create liquidity pools with dynamic fees and customized trading rules. Elysium’s mainnet is scheduled to launch on Nov. 9.

Binance France said it will terminate customer accounts starting Dec. 31 after failing to secure authorization under the EU’s Markets in Crypto-Assets regulation, or MiCA. Binance France has already stopped account deposits.

RWA tokenization platform Reserve (RSR) said it and its market-making partners will halt liquidity provision for LCAP and CMC20 on MEXC Global and soon withdraw the funds allocated for that activity. According to Reserve, the U.S. Financial Crimes Enforcement Network, or FinCEN, issued an order effectively cutting off MEXC’s access to the U.S. financial system, citing the exchange’s support for at least $16 billion in illicit transactions, including activity related to evading sanctions on Iran. Reserve said the suspension of liquidity provision is a response to that order. Reserve added that liquidity for the two tokens on other venues, including on-chain, will not be affected.

The spot CVD chart is an order book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section shows cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or makes a large move. Areas closer to bright colors may act as support or resistance. - The lower cumulative volume delta indicator reflects buy and sell orders by order size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

CoinMarketCap’s in-house crypto Fear and Greed Index came in at 31, down one point from yesterday, with the market remaining in fear territory. A reading closer to zero signals extreme fear, while a reading closer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put-to-call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

Hyperliquid burned 21,040 HYPE worth about $1.64 million over the past 24 hours.

Spot Bitcoin ETF buying has about 4.5 times the impact on price as purchases by listed companies, according to crypto market analysis firm Ecoinometrics. The firm estimated that a net inflow of 10,000 BTC into spot ETFs lifts Bitcoin’s monthly return by about 3.2 percentage points, while listed companies buying the same amount would raise returns by about 0.7 percentage point. That implies ETF buying has roughly 4.5 times the effect on Bitcoin price returns as corporate buying.

Fidelity deposited 10,000 ETH, worth about $22.32 million, with Galaxy Digital, Onchain Lens reported. The move is seen as likely tied to selling. Fidelity’s total deposits to Galaxy Digital today amounted to 27,000 ETH, worth about $60.27 million.

DePIN project IoTeX said the fourth draft of its staking asset protection proposal, IIP-65, or "Bunker Mode," is complete and now includes a full reference implementation in iotex-core. The proposal would lock staked IOTX buckets with a second hash-based key and redesign the authorization layer following an independent cryptographic review. The roughly 13,000-line codebase is running in nightly builds with a flag that limits feature activation, IoTeX said. The next steps are full handler benchmarking, an external audit, and a governance vote. No changes will be applied to the mainnet before then.

Privacy-focused layer-one blockchain NIGHT said it upgraded its mainnet from Ledger 8 to Ledger 9. The upgrade includes new features for developers as well as network-wide security, compatibility and performance improvements. Unlike previous upgrades, Ledger 9 was applied directly to mainnet without a deployment to the preproduction environment, Preprod, and without a stabilization observation period. NIGHT said it uses that approach when a more controlled deployment path is needed to protect the network during security fixes.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.32% - Nasdaq: +1.06% - Dow Jones: -0.46%

The U.S. Treasury Department’s Financial Crimes Enforcement Network has cut global cryptocurrency exchange MEXC off from the U.S. financial system over alleged links to sanctions evasion involving Iran, North Korea and Russia, Solid Intel reported, citing Reuters. FinCEN said the exchange facilitated at least $16 billion in transactions tied to sanctions evasion, cybercrime and other illicit activity from May 2021 to May 2026. Of that total, about $1.5 billion was linked to Russian sanctions evasion and $1 billion was connected to Iranian crypto exchanges, according to FinCEN.

Rep. Maxine Waters, the top Democrat on the U.S. House Financial Services Committee, said the U.S. should prevent corruption tied to President Donald Trump’s cryptocurrency activities and establish a strict but fair regulatory framework for legitimate crypto businesses. Eleanor Terrett, host of the podcast 'Crypto in America,' said Waters also called for safeguards to protect consumers, small businesses, community banks and the financial system. Waters is widely known as a leading crypto skeptic and is being discussed as a strong candidate to become the next chair of the House Financial Services Committee.

Brazilian digital payments company Mercado Pago has partially blocked transfers to external wallets due to an issue with a service provider, which could also delay deposits. The Block said Brazil’s Nubank also announced the same day that it was temporarily suspending deposits and withdrawals because of an issue involving an external service provider, adding that it remains unclear whether the two incidents are related.

Former U.S. House Financial Services Committee Chairman Patrick McHenry said on Bloomberg TV the cryptocurrency industry missed its chance this year to pass the Clarity Act. McHenry said the industry coalition had an opportunity to push legislation forward, but did not enter negotiations while demanding terms he described as unrealistic. Instead of accepting what he characterized as a good-enough bill, many insisted on a perfect outcome and ended up gaining nothing legislatively.