Bitcoin ETFs shed $1.28B as crypto hits 2-month lows

Market News

News: Crypto hits two-month lows as bitcoin ETFs shed $1.28B

Farside · The Block · Reuters · Nov 6 to 9

• US spot bitcoin ETFs lost $1.28B over Nov 2 to 6, with outflows on 4 of 5 days, the most since late June. IBIT drove it (about $1.21B out) while Fidelity's FBTC took in $93.1M; another $201.0M left on Nov 9
• Nov 9: bitcoin fell to about $73.7K, its lowest since August, and $1.15B was liquidated in 24h, $1.04B of it longs

For analysts: liquidation totals are a floor: The Block notes Binance and OKX report in incomplete bursts. Split ETF flows by issuer before calling it a broad exit.

Sources: Farside · The Block · Reuters · crypto.news

News: FinCEN cuts MEXC off from the US financial system

US Treasury · FinCEN · Nov 6

• From Dec 10, US financial institutions may not send funds to or receive funds from MEXC Global
• FinCEN says MEXC moved at least $16B tied to sanctions evasion and cybercrime from May 2021 to May 2026, including nearly $1.5B linked to Russian sanctions evasion and about $1B with 40+ Iranian exchanges

For analysts: screen for MEXC exposure before Dec 10, starting with a maintained set of MEXC wallet labels.

Sources: US Treasury · Federal Register

Onchain Data News

News: Allium: only 0.5% of stablecoin transfers are payments

Allium via CoinDesk · Nov 8

• Stablecoin supply rose just 0.4% to $305B in the first nine months of 2026, while payments grew 45% to $482B, about 0.5% of $97.9T in raw transfers
• 68.3M AI agent payments in Q3 added up to $3.7M, about 5 cents each

For analysts: raw transfer volume is not adoption. Strip exchange wallet moves and bot loops before you chart payments.

Sources: CoinDesk

News: Helius puts encrypted balances on Solana mainnet

Helius · Nov 10

• Privacy Rings encrypt assets and amounts for SOL, SPL and Token-2022; wallets stay visible. Only the owner, or someone given their viewing key, can read the balance
• Live in Decrypt, Ore and Aurora Intents; Range, Chainalysis and Elliptic support compliance screening

For analysts: you still see who transacts, not how much. Expect gaps in balance and volume metrics for tokens that move in.

Sources: Helius blog

Jobs of the week

4 picks from 319+ open roles.

Job: Staff Engineer, ML & Data Infrastructure

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Job: Senior Analytics Engineer, Finance

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Job: Senior Business Operations Analyst

Chainalysis · Remote US · $105k–$161k

Job: Principal Risk Analyst

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Chart of the Week, powered by Allium

Chart: Base daily transactions by type

Oct 11 to Nov 10, 2026 · Source: Allium

Caption: Base · daily transaction count by type · Oct 11 to Nov 10, 2026

• Base processed 264.6 million transactions over the 31 days. EIP-1559 made up 90.4% of them, and it was the majority every day
• Legacy's share fell from 8.9% in the first week to 4.3% in the last week. The busiest day was Oct 28, with 11.1 million transactions
• Deposits (type 126) jumped from about 44,000 a day through Nov 4 to about 865,000 a day from Nov 6 to 10. EIP-7702 smart-account transactions (type 4) were already live every day, at 0.30% of the total

For analysts: type 126 is an OP Stack deposit: an L1 to L2 deposit, not a user-submitted Base transaction. Want to build this yourself? This week's WizardCamp exercise is the same idea: count transactions by type.

WizardCamp · Ethereum

Why does your blob count come back empty?

Caption: Exercise sample: 28 mainnet txs, blocks 19,500,000 to 19,500,049 (Mar 23, 2024)

• On Dune, ethereum.transactions.type is text: 'Legacy', 'AccessList', 'DynamicFee'
• Blob transactions (EIP-4844) have no label: they are stored as the raw code '3'
• Puzzle: count transactions per type, most common first

Catch: filter on type = 'BlobTransaction' and you get 0 rows. Break ties by type, ascending.

transactions(tx_hash, type)
-- expected: type | tx_count
--   (tx_count desc, then type asc)

Next, in Pro: track how the base fee changes from block to block. Pro is $15/month, or $12/month billed annually.

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