A whale or institution continued selling 237.8 BTC, then reallocated its holdings to 7,929 ETH.

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)??

Bitmine Chairman Thomas "Tom" Lee stated that Ethereum founder Vitalik Buterin’s announcement at Devcon 8 in Mumbai that “ETH is a store of value, ETH is money” represents a seismic shift, clarifying how ETH will capture value in the upcoming tokenization and AI supercycle. Lee added: “Unlike 'cash flow' token models such as HYPE or LIT, ETH is a pure, trusted collateral, reflecting Ethereum’s position as the Layer 1 of choice for most financial institutions when moving assets to the blockchain. In other words, ETH as a store of value aligns best with its future roadmap and the role it will play in the upcoming tokenization supercycle.”

According to HTX market data, driven by reports that the New York Stock Exchange (NYSE) will settle tokenized stocks on the Avalanche blockchain, AVAX has been rising steadily. It is currently trading at around $8.78, up more than 9.5% after the news broke, with an intraday high of approximately $8.88. On the news front, Bloomberg reported the same day that the NYSE will settle tokenized stocks on Avalanche; Avalanche’s official blog stated that it will serve as the core ledger technology provider for the clearing process of the NYSE’s associated tokenized securities platform, and Dennis Lee, head of digital issuance at the NYSE, also publicly expressed recognition of its performance and controllability requirements.

Goldman Sachs’ Chief Expert for Technology, Media & Telecom, Peter Callahan, explicitly noted in his latest weekly report that the Nasdaq 100 index is retesting a key benchmark trend line connecting the April 2025 low and March 2026 low. Its closing price of around 26,630 last Thursday landed almost exactly on that line; driven by a rebound in semiconductor stocks, the index closed at 26,990 on Friday, just about 1% above the trend line, and still over 14% below its October 6 all-time high of 31,361. Callahan wrote that the significance of this level is hard to overstate. If the trend line breaks, his charts show the next clear support level is around 23,000 near the March 2026 low, representing another roughly 15% drop from current levels. Meanwhile, market extreme sentiment indicators have all turned red: last Thursday saw the largest single-day put option volume in Chicago Board Options Exchange (CBOE) history, and the realized volatility of Goldman Sachs’ flagship semiconductor stock basket surged to 93, its highest level since April this year. The Nasdaq 100 index fell about 5% last week, marking its fourth consecutive weekly decline. The Philadelphia Semiconductor Index (SOX) has dropped 28% cumulatively over the past 22 trading days; Callahan notes that only a handful of instances since 1997 have seen a comparable rate of decline, including the dot-com bubble burst, the 2008 global financial crisis, and the COVID-19 pandemic shock. Callahan’s description of current sentiment is unvarnished: "It’s hard to overstate how tough the market is" — while bottom-up data points such as memory pricing, computing power pricing, supply-demand visibility, and third-quarter earnings remain strong, the AI and semiconductor sectors have entered a "rolling bear market" since this summer, having fallen roughly 40% from their peaks, and macro uncertainty surrounding policy and congressional developments is "impossible to model".