Today's biggest crypto stories so far (UTC), ranked by importance and how many outlets covered them: 6 stories, each linked to its sources.
The day in 60 seconds
Bitcoin dropped below $75,000, according to a Watcher.Guru alert, while the Fear & Greed Index reads 34 out of 100. Watcher.Guru
The US Treasury said a FinCEN order cuts MEXC Global off from the US financial system over transactions linked to sanctions evasion by Iran, North Korea and Russia. Unfolded
US nonfarm payrolls rose by 165,000 in October against a 65,000 forecast, and the unemployment rate fell to 4.1%, below the expected 4.2%. Wu Blockchain
Spot Bitcoin ETFs have taken in about $25.6B and lost about $26B so far in 2026, leaving net flows near -$416M through November 5. Unfolded
A final Labor Department rule letting employers add crypto to 401(k) plans has reached the White House for review, the last step before publication. BeInCrypto
FinCEN says MEXC Global facilitated at least $16 billion in illicit transactions and has barred US financial institutions from processing its fund transfers.
Binance France will close customer accounts on December 31, 2026, after failing to obtain authorization under the EU's MiCA framework, and has already suspended deposits. Accounts still holding assets will face a 0.025% monthly fee, with a 10 USDC minimum, starting November 29. The story matters to traders because it signals MiCA compliance pressure on major exchanges and forces French users to withdraw or move assets.
Bitcoin holders reportedly realized over $2 billion in losses across three days as exchange selling intensified and rate-hike expectations rose. BTC briefly fell below $75,000 during a US tech stock sell-off, with spot selling dominating on Binance. Traders should watch the $70,000 level as a key risk zone.
The CFTC says federally regulated prediction markets generally cannot block traders based on their U.S. state and has given exchanges 30 days to lift such geoblocks or justify them. The guidance followed a federal court order requiring Kalshi to block sports contracts on certain lands. The move matters for crypto-adjacent prediction platforms and regulatory direction in the U.S.
Crypto payment card spending reportedly tripled year over year to $3.4 billion in Q3 2026. The growth points to rising real-world use of crypto for everyday purchases, though the snippet gives no further breakdown of providers or markets.
Ethereum co-founder Vitalik Buterin spoke at the Devcon 8 opening in Mumbai, arguing hardware wallet security cannot rely on trust alone and that chips should be open source and verifiable. He also said zero-knowledge proofs can let users prove trustworthiness without disclosing all personal data. This is a commentary on security practice rather than a market-moving event.
Large altcoins including XRP, Hyperliquid (HYPE) and Stellar are under heavy selling pressure, with each showing bearish chart setups. The snippet gives no figures, so the scale of the drop is unclear. Traders should watch whether this altcoin weakness spreads further across the market.