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ETH $2.2K · US Treasury cuts off MEXC over $16B illicit transactions ‌ ‌ ‌ ‌ ‌
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Coin Mornings
Your daily crypto, before coffee.
Issue #147 · Saturday, November 7, 2026
Market mood  Extreme Fear · 25/100  ▼ from 28 yesterday
Bitcoin and Ethereum hold steady amid extreme fear as US Treasury escalates enforcement against crypto exchanges linked to illicit finance.
 
 

☀  The Numbers

Bitcoin (BTC)$75,940  -0.4%
-1.8% this week
Ethereum (ETH)$2,242  -0.2%
+0.0% this week
Total crypto market$2.57T  -1.8%
BTC dominance 59.3% · BTC 40% below its all-time high

☀  The Movers

Top gainers (24h)

PEARL Pearl+8.1%
QNT Quant+2.7%
MNT Mantle+2.2%
BDX Beldex+1.7%

Top losers (24h)

LIT Lighter-6.1%
PUMP Pump.fun-5.8%
BCH Bitcoin Cash-4.4%
PEPE Pepe-4.3%

From the top 100 coins by market cap.

☀  The Read

Where the chart sits — description, not prediction

Bitcoin sits between its 50-day ($81.9K) and 200-day ($73.2K) averages — a trend in transition. Over the past 30 days it has traded between $75.8K and $84.1K; today's price sits in the lower third of that range. RSI(14) is 36 — momentum remains weak.

See all nine coins on the daily markets page →

☀  The Brief

 US Treasury cuts off MEXC over $16B illicit transactions

FinCEN ordered US financial institutions to halt transfers to MEXC Global, alleging the exchange facilitated billions in illicit finance tied to Iran, North Korea, and Russia. (Decrypt)

 Suspicious prediction market bets precede NYT poll releases

Investigators found evidence of bets placed shortly before New York Times election polls went public, raising concerns about market integrity and information leakage. (Cointelegraph)

 Gnosis Pay breach exposes customer financial and crypto data

The crypto debit card provider confirmed a security breach exposing sensitive customer information, though the company stated user funds remained secure. (Cointelegraph)

 US Treasury withdraws controversial crypto surveillance travel rule

The Treasury Department reversed a proposal that would have expanded monitoring requirements on cryptocurrency transactions, easing near-term regulatory pressure on exchanges. (The Block)

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Crypto 101

What's a seed phrase?

A list of 12–24 words that can regenerate every key in your wallet. Written on paper and stored safely, it's your master backup. Anyone who reads it controls your funds.

“Dollar-cost averaging beats market timing for most people, most of the time.”

Coin Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Crypto is volatile — never invest more than you can afford to lose. Some links are affiliate links; we may earn a commission at no cost to you. Prices via CoinGecko, sentiment via alternative​.me, captured shortly before send.

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