A rulemaking that has been open since October 2020 is coming to an end: the US Treasury's FinCEN and the Federal Reserve jointly withdrew the proposal to tighten Travel Rule obligations for transfers that begin or end outside the United States. The withdrawal takes effect on November 9.

The plan would have lowered the cross-border threshold from $3,000 to $250, so the existing $3,000 limit stays in place.

The proposal would also have explicitly written convertible virtual currencies into the Bank Secrecy Act rules, forcing exchanges and custodians to collect and keep customer data on far more small international transfers. It drew nearly 3,000 public comments, many citing privacy and compliance costs.

The agencies pointed to changes in the digital asset industry and its regulation since 2020, but left the door open to separate rulemaking later, including in light of new stablecoin legislation. Any new proposal would go through public comment again.

Under Operation Economic Outcast, the US Treasury's FinCEN issued an order barring US financial institutions from processing transfers involving MEXC Global. The order was issued under section 9714(a) of the Combating Russian Money Laundering Act and takes effect 30 days after publication in the Federal Register.

Between May 2021 and May 2026, MEXC facilitated at least $16B in transactions tied to sanctions evasion, cybercrime and other illicit activity.

That includes nearly $1.5B linked to Russian sanctions evasion, $232M in direct transactions with US, EU and UK sanctioned entities, about $1B with more than 40 Iranian crypto exchangers, and roughly $22M for the Central Bank of Iran and the IRGC Qods Force. Treasury says MEXC was still transacting with Garantex and its successor Grinex as recently as June 2026.

Founded in 2018, MEXC is one of the 20 largest crypto exchanges globally, with more than $1B in daily volume and about $5B in reserves as of September 2026. Violations of the order may lead to civil or criminal penalties for US institutions.

A full list of Major Upcoming Events, to be updated

Customers of two of Latin America's largest fintechs lost the ability to move crypto on and off platform on November 6, as Nubank and Mercado Pago halted crypto deposits and withdrawals. Buying and selling crypto inside the Nubank app kept working.

Nubank's notice blamed a failure at an external provider responsible for verifying transactions and said customer assets and data remain safe. Mercado Pago cited instability at an external data supplier and warned that incoming deposits would be delayed. Neither company named the provider.

The pause comes in the same week Chainalysis, whose screening tools Nubank uses, disclosed a breach exposing credentials of all its users and took its KYT and address-screening tools offline. No official link between the two events has been confirmed.

The attackers behind the $6.3B Binance exploit have been probing cross-chain swap venues to move stolen funds, and NEAR Intents has cut them off. The protocol has refused to process more than 500 million swap quotes from the hackers since the incident, its general manager Alex Shevchenko said.

The Oct. 29 exploit has been attributed by the FBI to North Korea's TraderTraitor group. Security Alliance estimates the hackers had about eight weeks of access to Binance systems before draining the funds.

Intent-based swap protocols are a common exit route for stolen assets because they route orders across many chains in one step. Refusing quotes at the protocol level closes one path, but the attackers still have other venues to launder through.

The six biggest airdrops that went live in October handed out ~$44M. As of November 5, all six trade below their claim-day price. Median: -20%, BTC: -7% over the same window.

• NeoSoul $DNA: $17.1M, 6% of supply, -44%. The largest drop of the month.

• Axis Robotics $AXIS: $10.8M, 4%, -54%. An OTC counterparty sold ecosystem tokens a week after TGE. Buyback started November 5.

• USD.AI $CHIP (Season 2): $10.0M, 2.25%, -18%.

• Genius $GENIUS (Season 2): ~$3.6M, -3.5%. Users could take fee refunds instead, and 5.8% of supply was burned from the 7% pool.

• Cambria $RSGP: $1.5M, 15%, -15%. Backed by BITKRAFT, 1kx and Sky Mavis.

• Ritual $RITUAL: $1.2M, 0.5%, -22%. Listed on Coinbase at mainnet launch.

The only drop holding up is the one that burned most of its own pool. Next month: Predict.fun, whose 7% claim was delayed with its Binance listing.

Bitcoin treasury firm Strive, co-founded by Vivek Ramaswamy, ended the quarter with a profit driven almost entirely by the mark-to-market value of its BTC stack, as shown in its third quarter 2026 earnings release.

The company booked $533.7M in net unrealized gains on digital assets in Q3, against total revenue of just $2.7M for the same period. Digital assets on the balance sheet reached $2.34B at fair value as of September 30.

Strive bought 8,136 BTC in Q3, then another 15,124 BTC between October 1 and October 30, more than in the whole quarter.

The buying was funded in part by a 7M share offering of SATS preferred stock that closed on October 20 with about $609M in net proceeds. Because the profit is unrealized, a lower bitcoin price would reverse it in coming quarters.

Crypto-backed loans on Coinbase now extend to commodities: users can instantly borrow USDC against PAX Gold (PAXG), the gold-backed token where each unit is tied to physical gold held in a vault.

The lending runs on Morpho, the onchain lending protocol, and is built on Base, Coinbase's Ethereum layer 2. Users post PAXG as collateral and receive USDC without selling their gold exposure.

The move brings a real-world asset into Coinbase's borrowing product next to crypto collateral, giving tokenized gold holders a way to unlock liquidity directly inside a major exchange app.

Jumper, best known as a cross-chain swap and bridge app, has moved into derivatives with Jumper Perps, a perpetual futures front end built on Hyperliquid that routes trades to several venues from one interface.

At launch the aggregator connects Hyperliquid, Lighter and Ondo Perps, with Jumper handling deposits and moving funds to the selected venue. Every market ships with TradingView charts, including 100+ indicators and drawing tools, at no extra cost.

Traders earn a share of a weekly points pool based on their trading volume, distributed automatically every week and tracked separately from Jumper's existing swap and bridge points.

The move puts Jumper in direct competition with other perp aggregators and Hyperliquid builder-code front ends, a segment where distribution and incentives decide who captures order flow.

Fixed rates are one of the few standard lending products DeFi's largest money market still lacks. To close that gap, Aave Labs has bought the team and technology behind Avon, a protocol built around fixed- and floating-rate lending markets.

The deal covers Avon's fixed- and floating-rate lending protocols, its onchain order book, domains and related assets. Financial terms were not disclosed. Founder Prince Sinha and Ayush Kaul join Aave Labs' engineering team, while Omar el-Ashaal moves into business development.

Aave holds more than $30B in deposits and over $12B in active loans.

The Avon team will start with fixed-rate lending. Stani Kulechov framed it as a step toward bringing Aave to institutions, fintechs and everyday users, who expect predictable borrowing costs rather than variable rates.