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The U.S. Treasury’s Financial Crimes Enforcement Network, or FinCEN, has blocked global cryptocurrency exchange MEXC from the U.S. financial system over alleged sanctions evasion tied to Iran, North Korea and Russia, Solid Intel reported, citing Reuters.

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.

The U.S. Commodity Futures Trading Commission has asked prediction market platforms including Kalshi and Polymarket to provide services nationwide, CoinDesk reported, saying exchanges registered as designated contract markets should not block trading access for customers in specific states. Under the request, the companies must resume trading in areas where service was suspended within 30 days or submit reasons why reopening is not possible. CoinDesk said Kalshi is currently blocking customer access in Nevada, Washington and Michigan due to legal disputes, while the CFTC is maintaining its position that prediction market platforms should operate across the United States despite court orders restricting business operations, setting up a potential clash between regulators and the courts.

The U.S. Treasury Department’s Office of Foreign Assets Control has sanctioned 41 companies and four individuals over crypto scams linked to Prince Group, which U.S. authorities have identified as being behind major online fraud compounds in Cambodia, according to Crypto Briefing. Prince Group is accused of generating billions of dollars in illicit funds through crypto investment scams and romance scams. The move marks the third U.S. sanctions action tied to Prince Group, following earlier sanctions on related individuals and companies in October 2025 and June 2026.

Core Scientific (CORZ) sold a total of 816 BTC in the third quarter, equal to 96% of its Bitcoin holdings, according to Crypto Briefing. As of Sept. 30, the company held 32 BTC. It also announced plans to fully suspend its Bitcoin mining business by the fourth quarter.

Stablecoin issuer Circle said more than $30 billion worth of USDC has moved across the Arc network since its mainnet launch. Circle added that more than 100 banks, payment firms and apps, including BNY, HSBC, Mastercard and Visa, are developing on Arc.

Threshold, the threshold-cryptography-based Bitcoin bridge protocol T, said node operators are expected to begin reconnecting to the network from around 12:00 a.m. UTC on Nov. 7, subject to a final security review. Once a sufficient number of operators return online, deposits, minting and redemptions will resume, and the bridge user interface will be reactivated. Until then, Threshold advised users not to send BTC to previously generated deposit addresses or resubmit pending transactions. It added tBTC remains fully collateralized, with about 4,320 BTC held in bridge wallets against a circulating supply of about 4,185 tBTC.

Coinbase announced it will support the migration of ZetaChain (ZETA) from Dec. 7 through Dec. 10, according to a Coinbase notice. The exchange will support the migration from the Ethereum network to ZetaChain.

Coinbase announced the addition of CARD for spot trading. The exchange said it will trade under the ticker "CARD" rather than "CARDS" to avoid overlap with an existing listing.

According to CoinNess market monitoring, BTC has risen above $76,000. BTC is trading at $76,006 on the Binance USDT market.

AI agent onchain execution protocol Wayfinder (PROMPT) said its agents now support order types including limit, stop-loss, take-profit and trailing-stop orders for spot tokens across 12 chains through Definitive. Users can place those orders through the Wayfinder user interface or its agents, or integrate them into trading strategies.

Leverage in the crypto futures market has expanded as Bitcoin selling pressure continues, Glassnode said. Market data showed Bitcoin open interest rose by about $1 billion during U.S. trading hours as the price fell, followed by another increase of nearly $500 million during U.S. trading hours on Nov. 6. Funding rates briefly edged lower before turning higher again, and Glassnode said the move suggests investors with long positions are starting to re-enter.

Brazilian digital bank Nubank, also known as Nu Holdings, has temporarily suspended cryptocurrency deposits and withdrawals in Brazil due to an issue involving an external service provider, local media reported. Nubank said all assets and information remain secure, the issue is unrelated to its own infrastructure, and other crypto services, including trading, remain available. The bank did not disclose the partner’s name or the number of affected customers.

Bitcoin could rise to $120,000-$150,000 by the end of 2027 if liquidity conditions improve and sustained institutional demand returns, Utkarsh Ahuja, founder and managing partner at crypto-focused investment firm Moon Pursuit Capital, said in an interview with Crypto Briefing. Ahuja said the market is currently unstable and described the rally on Nov. 4 as a mix of relief buying, short covering and improving sentiment as political uncertainty after the election eased somewhat. But on Nov. 5, selling pressure reemerged across crypto and broader financial markets, quickly reversing the rebound, Ahuja said. He added the market had likely already priced in to some extent the possibility of a Democratic Party victory and cautioned against interpreting either the rally or the subsequent decline as a direct result of the election outcome. With rate expectations and overall risk appetite still unsettled, additional weakness could emerge in November, according to Ahuja.

Base said PAXG is now available on Base. Paxos said the move brings regulated gold into DeFi, including its use as collateral through Coinbase Borrow.

Galaxy Digital Head of Research Alex Thorn said Democratic control of both chambers of Congress is likely to make it harder to pass key cryptocurrency legislation. Thorn said House Democrats have announced plans to pursue a comprehensive crypto market structure bill, but meaningful legislative progress is unlikely.

Layer-3 network ZKLink asked Optimism to help freeze funds tied to an attack on its OP escrow. ZKLink said its OP escrow was attacked on Oct. 29 and that the stolen 224,133 OP remains in a specific address without being moved.

Whale Alert reported that 200,000,000 USDS has been transferred from Sky to Poloniex. The transaction is valued at about $200 million.

Whale Alert reported that 300,000,000 USDC has been transferred from an unknown wallet to Aave. The transaction is valued at about $300 million.

Whale Alert reported that 200,000,000 USDC has been transferred from an unknown wallet to Aave. The transaction is valued at about $200 million.

Morpho said Coinbase app users can access Morpho-powered loans backed by tokenized gold. Millions of users can borrow stablecoin liquidity against Paxos tokenized gold on the Base network without leaving the Coinbase app.

Privacy-focused blockchain Horizen said it has shut down its L3 and plans a new start on Base soon. The snapshot has already been completed. ZEN and ETH that remained on Horizen L3 after the shutdown because users missed the migration deadline will be returned to users on Base in November by Horizen DAO, it said.

Layer-1 blockchain Algorand (ALGO) said it will indefinitely suspend its community grant program xGov from Dec. 6 as it focuses on a sustainable, revenue-generating network model. Algorand also said it will indefinitely halt Project King Safety, its roadmap for improving network operations, and is no longer considering previously discussed measures including removing the ALGO supply cap, inflation-based incentives, enabling and capturing maximal extractable value (MEV), and raising the minimum transaction fee. At the same time, it added that usage-based transaction fees could still be introduced or adjusted, such as fees applied to transactions signed by Falcon-1024 post-quantum accounts. Algorand emphasized that its earlier pledge to extend staking rewards through January 2028 remains in place.