- Fairshake-backed candidates took 86 of 93 midterm races on $154.5 million spent.
- Russia limits non-qualified investors to 300,000 rubles of crypto buys per year.
- Nvidia’s board is probing whether a foreign spy operation targeted Jensen Huang.
The global crypto market cap fell 2.3% to $2.573 trillion over the past 24 hours. Bitcoin traded at $74,952.88, down 0.6% on the day and down 4.0% over the past week.
Ethereum changed hands at $2,141.75, down 3.9% in 24 hours and down 6.3% over seven days, after touching $2,063.29. BNB slipped 0.8% to $687.64, down 3.4% weekly. XRP fell 3.8% to $1.11, down 11.2% over the week. Solana dropped 1.2% to $87.67, down 7.3% over seven days.
CoinGlass data showed $745 million in liquidations in a single hour early on Monday, with longs accounting for $715 million. Over 24 hours, ETH liquidations reached $343 million, ahead of BTC at $229 million. The largest single liquidation was a $48.16 million ETH/USDT position on Binance.
Trending Searches
Bitcoin led trending searches, down 0.9% to $75,013.71. Hyperliquid fell 3.6% to $74.77 and Pudgy Penguins slipped 1.8% to $0.006237. Among top gainers, Janction surged 238.8% to $0.009276, Dessa climbed 76.5% to $0.04468 and LITY rose 70.9% to $0.009589. Nvidia also ranked among the most-searched stocks as news about its CEO spread, trading at $188.72, up 2.7%.
Trump Stands By Jensen Huang
Nvidia CEO Jensen Huang has apologised to employees for an extramarital affair with a Megaspeed executive whom US intelligence reportedly identified as a Chinese intelligence asset, according to Fox Business. Nvidia’s board has launched an independent review into whether Huang was targeted by a foreign intelligence operation, though the company says it has no reason to believe trade secrets or national security were compromised. “I was unfaithful to my wife… There is no excuse for what I did,” Huang said. President Donald Trump backed him to stay on as CEO, calling him “an honorable guy” who has done “an amazing job for our country.”
Early Monday Sell-Off
Yu Jin said a whale holding $253 million in long positions had $140 million liquidated during the drop, for a loss of $61.41 million. Galaxy head of research Alex Thorn said Bitcoin’s November 8 weekly close of around $75,000 fell just below its 50-week moving average of about $75,500. That ended a run of seven straight weekly closes above the line.
Glassnode added that whale BTC short positions on Hyperliquid have reached their highest level since October 2025. Bitcoin is also trading below Strategy’s average cost of about $75,446 per BTC.
Regulation and Policy
Bank of Russia finalized rules letting platforms offer Bitcoin, Ether and USDT to retail investors from November 17. Non-qualified investors can buy up to 300,000 rubles of crypto a year per intermediary. The Moscow Exchange plans to start crypto trading on December 1.
Related: Crypto ATM Scams Put Kiosk Firms Under Scrutiny After CoinFlip $4.8M Order
South Korea’s Financial Services Commission aims to publish the government’s Digital Asset Basic Act this month. The draft includes a cap of 15% to 20% on major shareholder stakes in exchanges.
Senator Richard Blumenthal asked Binance, Tether, World Liberty Financial and Fight Fight Fight LLC to submit requested records by January 4, 2027. Crypto in America said Fairshake and its affiliates spent $154.5 million across 93 midterm races, and candidates they backed won 86 of them.
Binance and Exchange Updates
Binance is telling users in Spain, France, Italy and Poland to withdraw their assets. Remaining balances will be charged a monthly fee from November 29, and the accounts will close on December 31. Binance resumed HYPE and APT withdrawals. Co-CEOs Richard Teng and Yi He and chief security officer Jimmy Su will host an X Space at 5:30 p.m. IST on November 9.
Related: Why XRP Community Spam Is Becoming a Problem. David Schwartz Argues
Wallet and Protocol Breaches
Keplr said a flaw in Web3Auth’s infrastructure leaked private keys for some users who signed in with Google or Apple. Web3Auth has moved about $5.6 million from affected wallets to recovery addresses. ACryptoS said attackers drained about $665,000 from 77 of its vaults across five chains and that the project is shutting down.
Week Ahead
US October CPI is due at 7:00 p.m. IST on November 10. The Cleveland Fed’s model projects headline CPI rising 0.24% month over month. LSEG data shows market pricing about an 80% chance of a December rate hike. Token Unlocks data shows Allora will release about 160 million ALLO, roughly 65.56% of its circulating supply, on November 11.
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