Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Nov 2–Nov 8, 2026 #LookonchainWeeklyReport ?? Overview Stablecoin supply fell by $4.68B last week, DEX spot volume fell and perp volume rebounded, while public companies shed 11,647 BTC. ?? Stablecoin Market The total stablecoin market cap decreased by $4.68B. ?? Spot & Perps

Charles Schwab announced that its Schwab Crypto platform has added three tradable tokens: Solana (SOL/USD), Avalanche (AVAX/USD), and Chainlink (LINK/USD). Combined with the existing Bitcoin and Ethereum, clients can now trade five digital assets via the platform.

According to Injective's official node data, the Injective mainnet has stopped producing blocks, with the latest block height remaining at 191,016,661, generated at 21:04 Beijing Time. South Korean crypto exchange Upbit announced that due to an interruption in Injective (INJ) block production, it has suspended INJ deposits and withdrawals; spot trading remains unaffected, and a resumption will be announced once deposit and withdrawal stability is confirmed. Another South Korean exchange, Coinone, also announced that due to a network failure, it has suspended INJ deposits and withdrawals as of 22:25 Beijing Time, with trading and other services unaffected.

According to blockchain analytics firm Elliptic, North Korea-linked money launderers are minting unsold meme tokens and transferring Binance-stolen crypto assets via decentralized exchange (DEX) liquidity pools, avoiding direct transfers from illicit wallets to recipient addresses. This modus operandi has been observed on the Tron and NEAR blockchains, with similar activity also spotted on Solana. Elliptic noted it first detected similar tactics during the 2025 Bybit hack fund laundering, where money launderers minted worthless tokens on Tron paired with stablecoin liquidity pools, moving at least $24 million. For the recent Binance hack, on November 2, Elliptic identified worthless tokens created specifically to launder the stolen funds on Tron; the following day, stolen SOL was swapped into illiquid wrapped tokens before being sold for USDC and cross-chain transferred. Between November 5 and 7, launderers minted at least six new meme tokens on NEAR: FUK, OLCCL, MEILI, MMLI, DABI, and SINU. Each token was paired with NEAR in separate liquidity pools, with each creation costing around 25 NEAR, roughly $90 at the time. Approximately 117,000 stolen NEAR, worth around $43 million at current prices, were transferred via these tokens; recipient wallets then moved nearly equal amounts, most of which went to stablecoins or cross-chain bridges. The six tokens have seen no trading activity since November 8, and four of their creators withdrew remaining liquidity from the pools that afternoon. Around 11.8 million NEAR, worth approximately $43.7 million of the stolen funds, remain un-moved. Elliptic added that while this method does not obscure the funds’ origin, it increases the time required for on-chain tracing.

According to Bitget market data, US and Brent crude oil prices have declined. WTI crude oil is currently trading at $87.72 per barrel, down roughly 3.4% on the day; Brent crude oil stands at $94.56 per barrel, down approximately 3.8% intraday.

Nov 9 Update: #Bitcoin ETFs: 1D NetFlow: -6,270 $BTC(-$467.81M)?? 7D NetFlow: -17,694 $BTC(-$1.32B)?? #Ethereum ETFs: 1D NetFlow: -41,644 $ETH(-$88.25M)?? 7D NetFlow: -171,494 $ETH(-$363.43M)??