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On November 4th to 5th, the Enforcement Directorate (ED) Bangalore division conducted searches at three locations related to CoinDCX and Delta Exchange under the Foreign Exchange Management Act (FEMA 1999). The ED accused the two platforms of engaging in large-scale unauthorized cross-border financial transactions involving cryptocurrency derivatives and RWA token trading, with the scale of related cross-border transactions reaching hundreds of billions of rupees.

Glassnode published that the correlation between Bitcoin and the stock market rarely reaches such a close level. In the past 30 trading days of U.S. stocks, the correlation coefficient between Bitcoin and the S&P 500 index reached 0.8.Since 2020, this correlation coefficient has been well below this level for the vast majority of the time. Although the market occasionally discusses Bitcoin's relative strength, macro factors still determine the overall trend at present.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 26, down 1 point from yesterday. The average for the past 7 days is 34, and the average for the past 30 days is 49.

On November 6, the Hong Kong Securities and Futures Commission released a consultation summary, proposing to further restrict unregulated entities from using names that may mislead the public into believing they are regulated, and plans to extend these restrictions to the virtual asset sector.According to the proposed amendments, Hong Kong will introduce similar restrictions under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, focusing on virtual asset trading platforms, as well as virtual assets that are unrelated to securities or futures contracts but can be traded or settled through virtual asset trading platforms. Unauthorized entities will be subject to restrictions on the use of relevant titles to prevent the public from mistakenly viewing them as regulated entities. The related proposals have received broad support from the market.The Securities and Futures Commission stated that it will further finalize the draft amendments to the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance, and submit them to the Legislative Council for review and approval.

According to Onchain Lens monitoring, a certain whale has resumed transferring tokens from MEXC to Binance after a year of dormancy.Recent transfers include 405,000 ASTER, valued at approximately $275,500; 227,270 FF, valued at approximately $19,700; and 1,470,000 OP, valued at approximately $149,500, involving a total asset value of approximately $444,700.

According to Onchain Lens monitoring, a giant whale withdrew a total of approximately 57,000 LINK from Binance in four transactions over about 18 hours, worth approximately $612,550.

According to Arkham monitoring, a certain address transferred 1.5 million WLD tokens to OKX three hours ago. In the past three days, this address has cumulatively transferred 5.1 million WLD to CEXs such as Coinbase and Gate, worth over 1.8 million USD. This address is suspected to be associated with the Worldcoin team, having received 10.258 million WLD through the address "0x6325" seven days ago, worth 4.11 million USD. Three years ago, the Worldcoin team marked the address that transferred this batch of WLD tokens to the address "0x6325," which was worth as much as 18.26 million USD at that time, now having shrunk by about 77.5%.

Despite the panic in the market caused by stricter regulations on data centers after the Democratic Party gained control of Congress, Goldman Sachs has raised its forecast for U.S. data center construction spending, increasing the 2026 expectation from $67 billion to $80 billion, and from $87 billion in 2027 to $100 billion, while also predicting for the first time that it will reach $125 billion in 2028.Goldman Sachs pointed out that there are currently about 86 GW of data center projects under construction in the U.S., with approximately $900 billion in high-confidence projects awaiting construction, indicating that the overall construction cycle remains resilient. The demand and backlog orders from hyperscale cloud service providers such as Microsoft, Amazon, and Google have not shown significant cooling, with H100 computing power rental prices rising 26% year-on-year and GB200 rental prices increasing by 50% since the beginning of the year.In response to the data center moratorium proposed by Texas Governor-elect Gina Hinojosa, Goldman Sachs believes that its impact is more about delaying project delivery rather than directly canceling construction plans, but it may lead to increased financing costs, reduced tax incentives, and some clients canceling contracts. Goldman Sachs also warned that the overall growth prospects of the industry need to be distinguished from the survival capabilities of individual developers, as highly leveraged data center developers may face severe financial pressure due to project delays and rising financing costs, with some companies potentially unable to last until their projects go into production.

According to on-chain analyst Ai Yi's monitoring, an on-chain address spent approximately 19.62 million dollars to purchase 8,773.52 ETH, with an average cost of 2,236.75 dollars.Ai Yi stated that the trader associated with this address had previously purchased 7,543 ETH in March at a cost of 2,048.69 dollars.

According to Lookonchain monitoring, whales are buying ETH. A wallet starting with 0x32c6 spent 19.7 million USDT to purchase 8,773.5 ETH at a price of $2,245 two hours ago; a new wallet starting with 0x4AB7 withdrew 9,777 ETH from Binance in the past 5 days, worth approximately 22.5 million dollars.

According to the market information platform Liquid247.xyz, Binance has placed approximately 150.16 buy orders for perpetual BTC at a price of $75,943, with a nominal value of about $11,403,400, which is a pullback of about 0.10% from the mid-price of approximately $76,020 at that time.The total near-term buy orders amount to about $51,042,000, while sell orders are approximately $58,513,200, resulting in a net sell order surplus of about $7,471,200, accounting for 6.82% of the total depth.

The Greek Parliament has passed a cryptocurrency tax framework, which will impose a 10% tax on annual net cryptocurrency gains exceeding 500 euros starting from January 1, 2027; staking, crypto lending, and DeFi income will be taxed at a rate of 15%. Cryptocurrency losses exceeding 500 euros can be carried forward to offset gains for the next five years.The new regulations clarify the tax treatment of cryptocurrency inheritance, gifts, and transfers from parents, with valuations based on prices from recognized trading platforms. Contributing cryptocurrency to company capital is considered a taxable transfer, and the sale of cryptocurrency is exempt from the Greek digital transaction tax; if related income is paid in cryptocurrency, the taxable value is determined by the euro price of the asset at the time of the transaction.Investors can voluntarily declare unreported cryptocurrency gains and qualifying income within 12 months before and after the new regulations take effect, and paying taxes within 60 days after declaration can exempt them from late fees and interest. Whether cryptocurrency swaps trigger capital gains tax remains to be clarified, and the Greek Ministry of Finance will issue implementation details.

U.S. California Democratic Representative Maxine Waters officially announced her candidacy for the chair of the House Financial Services Committee and outlined her policy agenda in a letter to Democratic members. It is reported that the Democrats will decide on key committee positions in the coming weeks.In the cryptocurrency sector, Maxine Waters proposed to establish "strict but fair regulatory rules" for compliant cryptocurrency businesses and to strengthen scrutiny of the digital asset industry. She also plans to promote legislation that enables the financial system and economy to better respond to the impacts brought by AI, and to focus on the regulation of the private equity industry, consumer fees, credit reporting, and reforms in housing mortgage financing.Maxine Waters has served as the Democratic chief member of the House Financial Services Committee since 2013. Additionally, Illinois Democratic Representative Sean Casten has also announced his candidacy for the committee chair, with his policy agenda similarly addressing emerging risks brought by cryptocurrency, prediction markets, and artificial intelligence, and proposing to strengthen oversight of corporate and consumer fraud.

According to Onchain Lens monitoring, Hyperliquid has repurchased and destroyed a total of 21,040 HYPE in the past 24 hours, with an average price of 78.9 USD, totaling approximately 1.66 million USD.

According to an official statement from MEXC, the platform has acknowledged the order issued by the Financial Crimes Enforcement Network (FinCEN) on November 6 and is currently assessing it with its legal and compliance team. MEXC stated that the platform is operating normally and user assets are secure.MEXC emphasized that it will take the relevant concerns seriously and plans to engage in constructive communication with FinCEN and other relevant regulatory authorities globally. An independent review of its anti-money laundering and sanctions control measures has also been initiated.Previous news reported that the U.S. Department of the Treasury has ordered U.S. financial institutions to prohibit the transfer of funds to and from MEXC Global, and this order will take effect 30 days after publication in the Federal Register.

According to Ember Monitoring, a whale has once again purchased 8,775 ETH, increasing their holdings to 23,097 ETH, with an average cost of approximately $1,909.

According to the announcement from the on-chain fund platform Reserve, Reserve and its market-making partners will suspend providing liquidity for LCAP and CMC20 on MEXC and will soon withdraw the funds used for providing liquidity.Reserve stated that this move is a response to the order issued by the Financial Crimes Enforcement Network (FinCEN) against MEXC, and the liquidity of the two tokens on other exchanges and on-chain remains unaffected.Earlier, ChainCatcher reported that the U.S. Department of the Treasury has ordered U.S. financial institutions to cease sending and receiving funds to MEXC Global, and the order will take effect 30 days after being published in the Federal Register.

Uniswap has confirmed that it will support V4 Hooks functionality on the Hyperliquid L2 project Elysium, allowing developers to build customizable liquidity pools that support dynamic fees and custom trading logic using V4 Hooks. The Elysium mainnet is expected to officially launch on November 9.

According to Coinglass data, if ETH falls below $2,130, the cumulative long liquidation intensity on mainstream CEX will reach $901 million. Conversely, if ETH breaks above $2,339, the cumulative short liquidation intensity on mainstream CEX will reach $900 million.