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The U.S. Treasury has imposed financial sanctions on eight Canada-based money services businesses over alleged dealings with Iranian entities under sanctions, Cointelegraph reported. Treasury said the firms helped convert fiat currencies, including the Iranian rial, into cryptocurrency and supported transactions involving sanctioned Iran-based exchanges and crypto addresses linked to Iran’s Islamic Revolutionary Guard Corps, or IRGC. The action was carried out in coordination with the Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC. U.S. Treasury Secretary Scott Bessent said the department would track down and cut off financial intermediaries that help the Iranian regime and its proxies evade sanctions anywhere in the world. Separately, on Nov. 6, the U.S. Treasury’s Financial Crimes Enforcement Network, or FinCEN, announced it had blocked crypto exchange MEXC from the U.S. financial system over sanctions evasion tied to Iran, North Korea and Russia.

U.S. spot XRP ETFs failed to record net inflows on any day this week. According to SoSoValue, the only product with any change in fund flows was Canary Capital’s XRP ETF, XRPC, which posted a $529,500 net outflow on Nov. 2. From Nov. 3 through Nov. 6, all spot XRP ETFs recorded zero net inflows or outflows for four straight trading days. Bitcoin.com said spot XRP ETFs had previously posted net inflows for 12 consecutive weeks, but fund inflows have slowed sharply as investor demand has recently weakened.

Bitcoin could drop to $60,000 if it falls below $73,000, the midpoint support of its box-range channel on the three-day candlestick chart, crypto analyst Ali Martinez said. Martinez added ETH has broken below the lower support line of an expanding triangle pattern on the daily chart and could fall further to $1,963 if it does not quickly reclaim $2,385. XRP has also broken below the midpoint support of its sideways box-range channel on the three-day chart, at around $1.29, leaving $0.99 as the next major support zone, he said.

Crypto market maker Wintermute is estimated to have generated cumulative trading profit of $222 million on decentralized perpetual futures exchange Hyperliquid, according to an analysis by on-chain analyst Onchain Lens. Onchain Lens identified a specific trading address believed to belong to Wintermute and said the address currently holds $125.87 million in open positions, including $115.76 million in short positions. Over the past 30 days, the address posted $18.83 million in profit and loss, with unrealized profit and loss at $3.46 million. Its main short positions include ETH at $26.16 million, BTC at $19.79 million, HYPE at $15.23 million and SOL at $12.72 million.

ARK ETF Trust has filed registration documents with the U.S. SEC as it seeks to launch 14 thematic ETFs tied to areas including AI, robotics, biotech and the tokenization market. Among them, the ARK Tokenized Market Infrastructure ETF would invest in companies providing RWA tokenization and onchain capital-markets infrastructure, including tokenization platforms, stablecoin issuers, exchanges, brokers, custodians and payment networks.

Pan Gongsheng, governor of the People’s Bank of China, said in a financial work report submitted to the Standing Committee of the National People’s Congress on Nov. 3 that China plans to improve its virtual asset regulatory framework by strengthening analysis of underground financial transactions tied to virtual assets and establishing a standing crackdown system for virtual asset mining. Pan also said authorities plan to tighten supervision of real-world asset tokenization.

Cosmos wallet Keplr said on X it has launched a joint investigation with Web3Auth after receiving reports of unauthorized transactions involving some wallets created through Google or Apple accounts. According to the investigation so far, accounts created with a seed phrase or hardware wallet were not affected, while accounts created through Google or Apple login may have been exposed. Keplr has temporarily suspended its Google and Apple login feature and urged users not to transfer new funds to those accounts or regenerate wallets during the investigation.

Bitdeer said it sold all 258.6 BTC it mined this week. The company reduced its Bitcoin holdings to zero on Feb. 20 and has since continued to liquidate all newly mined BTC into cash.

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 close customer accounts starting Dec. 31, 2026, as it exits the local market. Deposits into all accounts have already been suspended. Binance had been phasing out local services after failing to secure a license related to the European Union’s Markets in Crypto-Assets regulation, or MiCA. It also plans to charge a monthly maintenance fee from Nov. 29 equal to the greater of 0.025% of an account balance or 10 USDC. Accounts that withdraw all held crypto before Nov. 29 will be exempt from the fee.

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.