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$BTC$75,889−0.1%$ETH$2,244+0.4%$SOL$89.85−0.1%$XRP$1.17−2.1%$TON$1.10+0.6%MCap$2.54T−0.8%BTC.D59.8%Fear&Greed25 Extreme FearGas0.07 gwei·2.1 sat/vBNews mood5% bullish
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Morning edition · November 7, 2026

Crypto Longs Lose $1.1B in Tech Selloff; FinCEN Bars MEXC Global

A tech stock selloff erased $1.1 billion in crypto longs, while US regulators moved to cut off MEXC Global from the American financial system.

  1. 1

    Crypto Majors Drop 5% Following Tech Stock Crash

    Bitcoin fell 5.4% to $75,871 as semiconductor shares crashed over 12%, triggering more than $1.1 billion in crypto long liquidations [3]. Markets priced in slower data center permitting under incoming Democratic state leadership [3].

  2. 2

    FinCEN Severs MEXC Global From US Financial System

    The Treasury Department barred US institutions from transmitting funds to MEXC Global over alleged sanctions evasion and cybercrime flows [9]. FinCEN alleged the exchange facilitated at least $16 billion in illicit transactions between May 2021 and May 2026 [9

  3. 3

    Strive Accumulates 15,124 Bitcoin in October

    Strive acquired 15,124 $BTC in October, raising its total holdings to 43,124 BTC [1]. The company reported $509 million in third-quarter net income, driven by $533.7 million in unrealized Bitcoin gains [1].

  4. 4

    Former FBI Agent Pleads Guilty to Crypto Theft

    Patrick Yaroch pleaded guilty to wire fraud and money laundering after stealing $2.47 million from 35 FBI investigations [8]. Federal agents recovered roughly $925,000, and sentencing is scheduled for March 4, 2027 [8].

  5. 5

    Nigeria Mandates Local Licenses for Stablecoin Issuers

    The Central Bank of Nigeria ruled that foreign stablecoin issuers must incorporate domestically and secure local licenses [4]. Issuers of foreign-currency tokens must maintain 15 billion naira in capital and a 2% overcollateralization reserve [4].

Numbers

Bitcoin trades at $75,889, total crypto market capitalization stands at $2.54 trillion, and the Fear & Greed index indicates Extreme Fear at 25.

Watch

Release of the October US jobs report and shifts in Federal Reserve December interest rate probabilities. · Federal Register publication date for the FinCEN order against MEXC Global, initiating a 30-day countdown. · Market participants in Nigeria must register with the CBN by Dec. 5 to preserve interim activity.

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Full text

A tech stock selloff erased $1.1 billion in crypto longs, while US regulators moved to cut off MEXC Global from the American financial system.

  1. Crypto Majors Drop 5% Following Tech Stock Crash Bitcoin fell 5.4% to $75,871 as semiconductor shares crashed over 12%, triggering more than $1.1 billion in crypto long liquidations. Markets priced in slower data center permitting under incoming Democratic state leadership.

  2. FinCEN Severs MEXC Global From US Financial System The Treasury Department barred US institutions from transmitting funds to MEXC Global over alleged sanctions evasion and cybercrime flows. FinCEN alleged the exchange facilitated at least $16 billion in illicit transactions between May 2021 and May 2026.

  3. Strive Accumulates 15,124 Bitcoin in October Strive acquired 15,124 BTC in October, raising its total holdings to 43,124 BTC. The company reported $509 million in third-quarter net income, driven by $533.7 million in unrealized Bitcoin gains.

  4. Former FBI Agent Pleads Guilty to Crypto Theft Patrick Yaroch pleaded guilty to wire fraud and money laundering after stealing $2.47 million from 35 FBI investigations. Federal agents recovered roughly $925,000, and sentencing is scheduled for March 4, 2027.

  5. Nigeria Mandates Local Licenses for Stablecoin Issuers The Central Bank of Nigeria ruled that foreign stablecoin issuers must incorporate domestically and secure local licenses. Issuers of foreign-currency tokens must maintain 15 billion naira in capital and a 2% overcollateralization reserve.

Numbers Bitcoin trades at $75,889, total crypto market capitalization stands at $2.54 trillion, and the Fear & Greed index indicates Extreme Fear at 25.

Watch

  • Release of the October US jobs report and shifts in Federal Reserve December interest rate probabilities.
  • Federal Register publication date for the FinCEN order against MEXC Global, initiating a 30-day countdown.
  • Market participants in Nigeria must register with the CBN by Dec. 5 to preserve interim activity.

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.