Tether CEO: Tether is a "once-in-a-century company" with unlimited growth potential

MEXC posted on X that it has noted the relevant order issued by the U.S. Financial Crimes Enforcement Network (FinCEN) on November 6, 2026, and is currently conducting a close review with its legal and compliance teams. The exchange stated that its platform is operating normally and user assets remain secure. MEXC added that it will take the allegations seriously and plans to engage in constructive communication with FinCEN and other relevant global regulators and authorities. Meanwhile, the platform has launched an independent review of its anti-money laundering (AML) and sanctions compliance measures, with follow-up updates to be released via official channels. Earlier, FinCEN ordered the severing of MEXC’s ties to the U.S. financial system, banning U.S. financial institutions from processing fund transfers involving the exchange. FinCEN alleged that between May 2021 and May 2026, MEXC processed at least $16 billion in funds linked to sanctions evasion, cybercrime, and other illegal activities, involving entities from Iran, North Korea, and Russia. The order was issued under Section 9714(a) of the Countering Russian Money Laundering Act and will take effect 30 days after publication in the Federal Register. U.S. Treasury Secretary Bessent noted that U.S. financial institutions cannot support the Iranian regime while continuing to access the U.S. financial system.

According to monitoring by Onchain Lens, the address of "Big Brother Maki" (Huang Licheng) has sold Bored Ape Yacht Club (BAYC) #32 on OpenSea for 12.5 ETH, with the transaction amount totaling approximately $28,000.

According to monitoring by Onchain Lens, Hyperliquid has repurchased and burned a total of 21,040 HYPE tokens over the past 24 hours. Calculated at an average price of $78.90, the total value is approximately $1.66 million.

According to Yu Jin Monitoring, a whale that purchased 10,376 ETH at an average price of $1,626 back in June this year has added to its ETH holdings again after a five-month interval. The address spent 19.7 million USDT to buy 8,775 ETH roughly an hour ago, at an average price of about $2,245. Currently, the whale’s total ETH holdings have risen to 23,097 ETH, valued at approximately $51.69 million, with an average cost basis of around $1,909.

The U.S. Department of Labor’s proposed rule allowing alternative assets like cryptocurrencies into 401(k) retirement plans was submitted to the White House for final review on November 5. The proposal does not restrict eligible cryptocurrency types nor set a minimum market capitalization threshold, meaning altcoins and small-to-medium market cap tokens could also gain access to U.S. retirement investment plans in the future. However, industry insiders note that asset management firms still need to comprehensively evaluate performance, fees, liquidity, valuation, benchmark metrics, and investment complexity when selecting investment targets. Bitcoin and Ethereum, thanks to their mature markets and investment products, are expected to secure access first, while small-to-medium market cap tokens may face higher barriers due to insufficient historical data, limited liquidity, and a lack of reliable valuation benchmarks. Additionally, experts predict that crypto ETFs and managed funds will enter 401(k) plans before direct crypto holdings, as the former are easier to adapt to existing custody and account management systems. Industry projections show that some crypto investment options could launch as early as 2027, with coverage expanding further around 2028. The proposal still needs to complete White House review and subsequent legislative processes, and will not fully exempt retirement plan administrators from fiduciary duties or litigation risks.

Elon Musk said in an interview Friday that he still expects SpaceX (SPCX.O) to generate annualized revenue of over $500 billion by the end of 2027, calling this his most reasonable forecast. He added that hitting $1 trillion in revenue is not entirely impossible, but only has a roughly 2% probability. Musk projected SpaceX’s annualized revenue will exceed $100 billion by Q4 2026, with a sequential increase of around 70%, stressing these figures are just his personal expectations, not commitments. He also noted that SpaceX’s revenue from the U.S. government will account for less than 10% this quarter, falling to below 5% in a year, while praising the company’s government business for delivering the highest quality products at the lowest prices. Following the news, SpaceX’s stock rose more than 8% at one point.