Crypto news. Royal judgement.
A US order targets MEXC’s financial connections, Bitcoin funds finish the week with another outflow, Nigeria sets stablecoin rules, and Pump.fun recruits beyond memecoins. Also: a withdrawn US reporting proposal and Arkansas’s prediction-market lawsuit.
Check what changes, when it changes, and who is making the claim. The size of the announcement is not a substitute for reading the connection diagram.
FinCEN issued an order on 6 November prohibiting US financial institutions from sending or receiving funds involving MEXC Global. It takes effect 30 days after Federal Register publication; MEXC says it is operating normally.
Farside’s table records $411.9 million of net outflows from US spot Bitcoin ETFs on 6 November. Across the five sessions from 2–6 November, the figures sum to about $1.28 billion leaving the funds.
Nigeria’s central bank has published a framework for non-security virtual assets, separating naira-linked and foreign-currency stablecoin issuers. It prohibits algorithmic stablecoins and requires enforceable redemption rights.
Baton, the development company behind Pump.fun, is recruiting business-development staff for perpetual futures, prediction markets and its trading terminal. The roles point to broader social-trading ambitions beyond token launches.
FinCEN and the Federal Reserve are withdrawing a proposal that would have changed Recordkeeping and Travel Rule obligations for convertible virtual currencies and lowered the threshold for certain cross-border transfers.
Arkansas Attorney General Tim Griffin announced a lawsuit against Kalshi on 4 November, alleging that its prediction-market offering breaches state consumer-protection law. The action seeks financial and injunctive relief.
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