Crypto is broadly lower, with bitcoin at $73,525.60 down 1.7%, ether at $2,052.30 down 3.2%, and solana and XRP each down more than 3%. US spot bitcoin ETFs saw outflows of $201.1 million on Nov 9 and $411.9 million on Nov 6, extending the pressure on prices.
BTC-1.1%$73,640
ETH-2.5%$2,060
SOL-2.9%$83.24
XRP-3.0%$1.06
BTC ETFsUS session-$201Mnet flow, Nov 9
News mood
Leaning bearish31% bullish · 48% bearish
What's happening
The $5.7 billion Binance hack, the largest crypto hack to date, sent prices sliding with bitcoin falling back to $79,000 1, and North Korean hackers tied to the $6.3 billion Binance hack are laundering loot through homemade memecoins 2. Bitcoin dropped below $74,000 as a wave of liquidations swept through the market 3, and BlackRock sold $405 million in bitcoin as IBIT redemptions piled up 4. Investors are also bracing for October's US inflation report with prices under pressure and a divided Federal Reserve 5.
Binance has stopped processing cryptocurrency transfers involving MEXC Global and its affiliated entities after US regulators identified the exchange as a primary money laundering concern over $16 billion in alleged illicit transactions.
Ether's decline has extended below the $2.17K-$2.22K support zone, leaving the price near $2.13K 6, while Vitalik Buterin says he wants ETH to be a store of value rather than a fee-burning token 7.
The OCC granted Coinbase a full US trust charter 9, while Poland's parliament passed a bill allowing freezes of bank accounts, crypto holdings and property without prior court approval 10.
Binance warned iPhone users that the worse_query iOS vulnerability could expose wallet keys and recovery phrases, urging users to remove untrusted apps and update 13, and Initia halted its blockchain after a $615K exploit involving compromised rollup keys 14.