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Morning edition · November 13, 2026

Bitcoin Depth Dips 33% as MSCI Cuts Strategy and Unocoin Breached

Bitcoin market depth plunged following ETF outflows and stablecoin contractions, while MSCI dropped Strategy from core indexes and an Indian exchange halted services after a wallet breach.

  1. 1

    Talos warns thinned order books and high leverage leave Bitcoin vulnerable

    Order-book depth dropped 33% to $72 million on Nov. 9 as $684 million in weekly ETF outflows drained market liquidity.

  2. 2

    MSCI to drop Strategy from global benchmarks after fund screening update

    Passive benchmarks must offload roughly 13 million MSTR shares after Nov. 30 under rules excluding non-operating companies.

  3. 3

    Unocoin halts operations following infrastructure breach and BitGo outflows

    The Indian exchange suspended services after detecting intrusions on Nov. 6 and Nov. 9, with server rebuilds taking 4 to 5 days.

  4. 4

    South Korea's FSC to shield crypto exchanges freezing accounts on suspected hacks

    A planned no-action letter will remove statutory penalties for operators executing early transaction halts during exploits.

  5. 5

    DOJ and Wall Street back lawsuit against Illinois digital asset tax

    Briefs filed in state court challenge a 0.2% gross asset levy on transferred or stored tokens ahead of a July 2027 enforcement date.

  6. 6

    Securitize and Ethena debut $100M 24/7 liquidity facility for BlackRock's BUIDL

    The pool enables round-the-clock redemptions between BUIDL and USDC, solving weekend settlement friction for tokenized funds.

  7. 7

    Anchorage Digital and Visa enable Western Union USDPT settlement on VisaNet

    USDPT becomes the first Anchorage-issued token cleared over VisaNet, giving institutions direct OCC-chartered clearing rails.

Numbers

$BTC fell 5.5% to $69,340, total market capitalization dipped 3.5% to $2.35 trillion, and the Fear & Greed index sank to 20.

Watch

Rebalancing flows across 13 million MSTR shares following the close of trading on Nov. 30 · BitGo's investigation findings and Unocoin's server reconstruction across the estimated four-to-five-day window · Publication of the South Korean FSC's formal no-action letter detailing emergency freeze standards

Full text

Bitcoin market liquidity deteriorated sharply as thinned order-book depth and sustained spot ETF outflows exposed spot markets to amplified volatility. Concurrently, institutional equity channels tightened as MSCI decided to cut Strategy from major benchmarks, while platform security concerns surfaced in India following unauthorized withdrawals at Unocoin.

  1. Talos warns thinned order books and high leverage leave Bitcoin vulnerable: Order-book depth dropped 33% to $72 million on Nov. 9 as $684 million in weekly ETF outflows drained market liquidity.

  2. MSCI to drop Strategy from global benchmarks after fund screening update: Passive benchmarks must offload roughly 13 million MSTR shares after Nov. 30 under rules excluding non-operating companies.

  3. Unocoin halts operations following infrastructure breach and BitGo outflows: The Indian exchange suspended services after detecting intrusions on Nov. 6 and Nov. 9, with server rebuilds taking 4 to 5 days.

  4. South Korea's FSC to shield crypto exchanges freezing accounts on suspected hacks: A planned no-action letter will remove statutory penalties for operators executing early transaction halts during exploits.

  5. DOJ and Wall Street back lawsuit against Illinois digital asset tax: Briefs filed in state court challenge a 0.2% gross asset levy on transferred or stored tokens ahead of a July 2027 enforcement date.

  6. Securitize and Ethena debut $100M 24/7 liquidity facility for BlackRock's BUIDL: The pool enables round-the-clock redemptions between BUIDL and USDC, solving weekend settlement friction for tokenized funds.

  7. Anchorage Digital and Visa enable Western Union USDPT settlement on VisaNet: USDPT becomes the first Anchorage-issued token cleared over VisaNet, giving institutions direct OCC-chartered clearing rails.

Numbers: $BTC fell 5.5% to $69,340, total market capitalization dipped 3.5% to $2.35 trillion, and the Fear & Greed index sank to 20.

Watch:

  • Rebalancing flows across 13 million MSTR shares following the close of trading on Nov. 30
  • BitGo's investigation findings and Unocoin's server reconstruction across the estimated four-to-five-day window
  • Publication of the South Korean FSC's formal no-action letter detailing emergency freeze standards

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.