JPMorgan Analyst: Tether May Need to Sell Bitcoin to Comply with Proposed US Stablecoin Regulations

According to monitoring by Onchain Lens, Fidelity has once again transferred 10,000 ETH to Galaxy Digital today, valued at around $22.32 million. This brings Fidelity’s total ETH transfer to Galaxy Digital today to 27,000 ETH, worth approximately $60.27 million.

According to a report by the Financial Times, despite a sharp sell-off in tech stocks, Anthropic still plans to proceed with its initial public offering (IPO) ahead of the U.S. Thanksgiving holiday. The AI startup is expected to raise between $80 billion and $100 billion in the offering, with a target valuation range of $1.25 trillion to $1.75 trillion. Market expectations center around $1.5 trillion, lower than the $2 trillion some investors had previously anticipated. Informed investors noted that Anthropic remains committed to going public as scheduled, even if it has to accept a lower valuation. The company’s third-quarter revenue grew nearly 50% to roughly $17 billion, with its latest annualized run rate (ARR) standing at approximately $81 billion, up from $65 billion at the end of July. Meanwhile, Anthropic plans to invest around $900 billion in computing power and infrastructure over the next several years, and currently holds nearly $150 billion in cash and liquid investments. JPMorgan Chase is scheduled to host an information session for potential investors on November 13. Recent sell-offs in the AI sector, regulatory headwinds facing data center construction, coupled with OpenAI’s reduction of its financing target, have all added greater market pressure to Anthropic’s IPO.

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.