Morning Report | Ethereum has dropped 3.8% in the past 24 hours; MEXC has contacted FinCEN through a law firm, and deposits, withdrawals, and trading are normal
November 10 Market Important Events OverviewCompiled by: ChainCatcher
Data from the Past 24 Hours
Bitcoin is currently priced at $73,796, down 2.1% in the past 24 hours, with a high of $75,442 and a low of $72,727. Ethereum is currently priced at $2,053.21, down 3.8% in the past 24 hours, with a high of $2,136.77 and a low of $2,006.00. The current Crypto Fear and Greed Index is at 31, indicating fear, up 1 point from the previous reading. The S&P 500 closed at 7,520.93 points on November 10, down 0.4%. The Nasdaq Composite closed at 25,065.88 points on November 10, down 0.7%. The Dow Jones Industrial Average closed at 52,231.89 points on November 10, down 0.3%.
Important Events in the Past 24 Hours
1. MEXC has contacted FinCEN through a law firm, deposits and withdrawals are normal
The CEO of the crypto exchange platform MEXC, Vugar Usi, stated that after the Financial Crimes Enforcement Network (FinCEN) issued a restriction order against MEXC Global, the platform has established contact with FinCEN with the assistance of a top law firm in the U.S. FinCEN has confirmed receipt of MEXC's written request, and the platform is prepared to fully cooperate with the relevant investigation. Usi emphasized that MEXC is currently operating normally, with deposit, withdrawal, and trading functions all running smoothly. Previously, FinCEN accused MEXC of processing at least $16 billion related to sanctions evasion and cybercrime, and prohibited U.S. regulated financial institutions from processing fund transfers involving MEXC Global. The restriction order has not yet been lifted.
2. Binance will stop processing fund transfers involving MEXC and related entities
Binance announced that after the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) listed MEXC as a primary money laundering concern, Binance will stop processing fund transfers involving MEXC and the related entities listed in the announcement. Binance stated that requests to transfer funds from Binance wallets to the aforementioned entities will be denied, and deposits from these entities will be temporarily withheld for compliance review. During the review period, related accounts may be restricted, and Binance may take further actions based on the terms of use, including terminating services to the relevant users.
3. MARA sells 13,597 bitcoins to repay $750 million debt and authorizes $500 million buyback
Bitcoin mining company MARA announced that it has sold 13,597 bitcoins and repaid $750 million in debt. The company also announced a new $500 million stock buyback authorization. MARA also disclosed that two planned data center leases may be delayed until 2027.
4. Robinhood confirms support for its stocks trading on OKXICE tokenized platform
Robinhood confirmed that it does not oppose its stocks being traded on the tokenized stock trading platform OKXICE, launched in collaboration with the parent company of the New York Stock Exchange, ICE, becoming the third company to explicitly state it does not oppose, following Securitize and BitGo. According to the list disclosed by OKXICE on November 5, 56 out of the first 62 companies proposed to be listed have expressed opposition, accounting for about 90%. The 6 companies that have not publicly opposed are closely related to the crypto industry, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy.
5. Decentralized storage project Swarm software infected with malicious code to steal wallet data
The security research team Socket revealed that malicious code was implanted in Ethersphere's bee-js software package and Swarm Desktop application, targeting wallet keys.
Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of November 11, 08:00
The top five popular tokens for ETH in the past 24 hours are: SEPPUKU, SEPPUKU, cirBTC, SI, Grokia
The top five popular tokens for Solana in the past 24 hours are: mihao, X, ZEC, RWA, HCAT
The top five popular tokens for Base in the past 24 hours are: AERO, XDP, NVDAc, SOL, ELSA
The top five popular tokens for BSC in the past 24 hours are: BNCB, Awesome, 머스크, Cash Cow, JAGENT
What are the Must-Read Articles from the Past 24 Hours?
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Microsoft white paper demonstrates: replacing Harness, the same Claude performs significantly worse
Microsoft released a technical white paper on the Agent execution system: using Claude Opus 4.8, just replacing Harness led to significantly different test results. Harness is becoming a crucial execution layer in the AI era, with Microsoft, Anthropic, and others starting to stake their claims.
Anthropic has decided to push for an IPO despite market pressure, with the roadshow potentially starting as early as this Tuesday, aiming for its stock to begin trading next Thursday or Friday. However, after the sharp decline in AI company stocks, some major investors are now hoping for a lower target valuation, with discussions among some potential investors dropping to about $1.2 trillion to $1.3 trillion, and some even considering as low as $1.1 trillion.
Testing Claude Fable 5.2: from coding to modeling to video creation, it has taken on creative tasks
Kazk tested Claude Fable 5.2: it can not only write code but also look up reference images, model, create videos, and webpages. The author ran it for over two hours on several specific tasks and also commented on the consumption of quotas.
When Stripe acquired Lemon Squeezy in July 2024, it stated its intention to "massively become a Merchant of Record." This article breaks down the division of responsibilities and boundaries for the two entry points, as well as what it means for other MoR players.
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