MEXC CEO: The platform has established communication with U.S. FinCEN, and its deposit, withdrawal and trading services are operating normally.

MEXC CEO Vugar Usi posted that the crypto exchange has, with the assistance of a top US law firm, established communication with the US Financial Crimes Enforcement Network (FinCEN). FinCEN confirmed receipt of MEXC’s written request on Monday US time, and the platform stated it is willing to fully cooperate with relevant work. Usi emphasized that MEXC’s platform is currently operating normally, with deposit, withdrawal and trading functions all unimpeded. The team has drafted a follow-up work plan and will promptly disclose relevant information to the community once progress is made. Earlier, Blockbeats reported that FinCEN ordered the severing of MEXC’s ties to the US financial system, banning US financial institutions from processing fund transfers involving the exchange. FinCEN alleged that MEXC processed at least $16 billion in funds related to sanctions evasion, cybercrime and other illegal activities between May 2021 and May 2026, involving entities from Iran, North Korea and Russia.

According to the protocol roadmap released by the XRP Ledger Foundation, the foundation has included a post-quantum-resistant signature scheme in its proposed 2027 amendment, planning to introduce the ML-DSA-44 signature algorithm to enable accounts to migrate to post-quantum-resistant keys. The scheme remains in the proposal stage: migration research is scheduled for the first half of 2027, while development, review, and audit are set for the end of 2027 or 2028. The new keys and signatures are significantly larger than existing ones, and final activation of the amendment will still require a vote from validators.

According to TradingBeats’ monitoring, after last night’s sharp crude oil price drop, the largest crude oil long whale on Hyperliquid (address starting with 0x0cc1) is currently sitting on an unrealized loss of around $12.76 million, while still holding a Brent crude oil (BRENTOIL) long position worth approximately $90.01 million, with an average entry price of $103.15. In the early hours of today, this whale placed four "reduce-only" sell orders in the $92.98–$97.98 range. Estimated across all price tiers, the total value of the orders is around $39.41 million, equivalent to roughly 41.7% of its existing long position. The orders remain pending execution. It is reported that oil prices continue to face pressure due to significant progress in US-Iran nuclear talks. Last night, Brent crude oil futures settled 5.85% lower at $92.57 per barrel, with the post-settlement drop widening to over $7 per barrel; WTI crude oil futures settled 4.38% lower at $86.85 per barrel. The estimated liquidation price for this address’s current Brent long position is approximately $81.25, around 10.1% below the current price.

According to official news, HIVE Protocol will officially launch at 08:08 UTC+8 on November 12. This is an on-chain micro-strategy experiment built on a Web3 framework, aimed at exploring a community co-created path for BNB asset aggregation. Initiated by DBCC (DAOBase Chinese Community), the protocol is built on BEE and receives technical and transparency support under DAOBase’s "Build on BEE" policy, though it is not an official DAOBase product. Centered on BNB as its core reserve asset, the protocol operates via smart contracts, with features including real-time on-chain data verification, liquidity permission burning, and automated mechanisms. Asset aggregation is driven by community consensus. Per the project’s roadmap, HIVE Protocol has a defined lifecycle, with reserve assets flowing back into the ecosystem after phase-based goals are achieved. The project frames this experiment as a practice of DAOBase’s philosophy: “Not just a BNB aggregation engine, but also a builder of the BNB ecosystem”, and will undergo validation from the market and community moving forward.

According to official announcements, Upbit will list HYPE trading pairs against KRW, BTC, and USDT.

According to Farside data, U.S. spot Bitcoin ETFs registered a total net outflow of $201 million yesterday. Of this, IBIT saw a net outflow of $213.2 million, ARKB posted a net outflow of $9.9 million, and MSBT recorded a net inflow of $22.1 million; FBTC, BITB, BTCO, EZBC, BRRR, HODL, BTCW, GBTC, and BTC had no capital inflows or outflows. U.S. spot Ethereum ETFs posted a total net outflow of $184.6 million yesterday. The breakdown shows: ETHA had a net outflow of $119.3 million, ETHB saw a net outflow of $20.8 million, FETH recorded a net outflow of $19.1 million, ETH posted a net outflow of $25 million, and TETH had a net outflow of $2 million; MSSE registered a net inflow of $1.6 million, while ETHW, ETHV, QETH, EZET, and ETHE had no capital movements.