GM, bitcoiner — November 7, 2026

gm

Your morning Bitcoin brief: US Treasury orders MEXC cut off over alleged $16 billion in illicit flows, bitcoin briefly dips below $75,000, an expanded Great Script Restoration proposal and other bitcoin news

##Network Stats

As of Nov 7, 2026, 5:02 AM EST

MARKET
  Price       $75,987  (-0.18%)
  24h volume  $22.9 bn
  Dominance   59.3%
  Sats / $    1,316

NETWORK
  Block       #974,917
  Hashrate    1,014 EH/s
  Difficulty  -4.09%
  Retarget    6 days
  Halving     521 days  (64.2%)

MEMPOOL
  Fee    1 sat/vB
  TX     55,363
  Size   12.8 MB
  Queue  13 blocks

LIGHTNING
  Capacity  2,531 BTC
  Channels  22,680

##Regulation & Policy

###US Treasury orders MEXC cut off from the US financial system over alleged $16 billion in illicit flows

FinCEN’s final order under section 9714(a) will bar US financial institutions from sending or receiving funds with MEXC Global 30 days after its publication in the Federal Register. bitcoinmagazine.com

###Rule that would allow crypto in 401(k)s reaches White House for final review

The Labor Department’s final rule, which would create a fiduciary safe harbor for private equity, real estate and crypto in 401(k) menus, arrived at OIRA on Thursday, putting its public release within reach. bitcoinmagazine.com

###US Treasury and Fed withdraw proposal to track international bitcoin and crypto transfers as small as $250

The existing $3,000 threshold stays in place as officials reassess the rules proposed in 2020. news.bitcoin.com

###India’s Enforcement Directorate searches CoinDCX over alleged routing of trades to Binance

The ED alleges that CoinDCX and Delta Exchange India routed users’ trades to Binance, Bybit and other offshore platforms; its Bengaluru office searched three premises tied to Neblio Technologies. news.bitcoin.com

##Price & Market

###Bitcoin briefly falls below $75,000 for the first time since August as tech sell-off deepens

Friday’s dip took bitcoin to its lowest level since Aug. 21 as a US-led technology stock sell-off spread across global markets. news.bitcoin.com

###Bitcoin and USDT trade at modest premiums in Paraguay amid a banking crisis

The premiums appeared on peer-to-peer markets as a banking collapse unsettles the country’s financial system, alongside a 10% surge in the dollar against the guaraní and growing public interest in bitcoin. cryptoslate.com

##Security & Privacy

###French crypto holder gets 30 months in prison for shooting at attackers during a kidnapping attempt

The shooting took place on Halloween in Vendée; the man had been targeted before, having already been kidnapped in 2022. news.bitcoin.com

###Keystone asks Nexus App users to update to v1.3.7 after a cyberattack on its services

Keystone says its investigation so far found no evidence that user assets or personal data were affected. v1.3.7 adds security hardening; a later post said the iOS update is live. Check that the developer is listed as Yanssie HK Limited. x.com x.com

###Connor Avila publishes draft BIPs for anti-exfil signing with BIP340 and ECDSA

Anti-exfil stops a compromised signing device from leaking its seed through nonces. The drafts add three PSBT input fields; the reference code has not been run on a device, reviewed by a cryptographer or audited. mailing-list.bitcoindevs.xyz github.com

###Coinkite urges users to update everything amid a wave of security releases

A general advisory, not notice of an incident affecting Coinkite or COLDCARD: update OS and browsers, secure email with a passkey or hardware key, replace reused passwords and confirm backups can be restored. blog.coinkite.com x.com

##Technology & Development

###Great Script Restoration proposal grows to five documents defining Tapleaf 0xc2

The proposed second Taproot leaf version would restore opcodes disabled in Bitcoin 0.3.1, add transaction introspection and extended primitives, and cap validation cost with a varops budget. Existing script types are unchanged. mailing-list.bitcoindevs.xyz mailing-list.bitcoindevs.xyz

###Bitcoin Optech Newsletter #430: TCP hole punching and a draft BIP for co-signer policies

The issue covers continued discussion of TCP hole punching to make nodes behind home routers reachable, and a draft BIP standardizing the spending policies co-signers enforce when emulating covenants. bitcoinops.org

###Antoine Poinsot suggests the Stale Tip Relay proposal start by relaying only stale headers

He argues headers alone give most of the benefits without affecting mining incentives, while relaying full stale blocks would first require analysis of its effect on the incentive structure. mailing-list.bitcoindevs.xyz github.com

###Blockstream ships release 0.78.1 with memory wiping and stricter signing checks

Sensitive data is now wiped from memory after use and sighash flags are validated before signing with any signer. Singlesig’s default bitcoin min fee rate drops to 0.1 sat/vB, and concurrent Electrum TLS connection failures are fixed. github.com

##Institutions & Treasuries

###Strive (ASST) posts $474.8 million Q3 net income to common holders as bitcoin yield hits 63.2%

The result came almost entirely from a $533.7M unrealized bitcoin gain; Strive touted 103.7% year-to-date outperformance versus bitcoin. bitcoinmagazine.com

##Mining

###Terawulf and IREN bet big on AI as bitcoin mining revenue shrinks

Terawulf’s Q3 operating loss widened to $88.2 million despite $76.2 million in total revenue, while IREN’s bitcoin mining revenue fell 88% year over year. news.bitcoin.com

##Bitcoin Rap Sheet

###Binance hackers swap about $50 million of stolen XRP mostly into bitcoin, Elliptic says

About 42 million XRP went through THORChain, lifting bitcoin converted from the $6.4 billion theft to about 1,650 BTC; roughly $3.1 billion in assets remains largely untouched, according to Elliptic. bitcoinmagazine.com news.bitcoin.com

###Former FBI agent pleads guilty to stealing $2.47 million in crypto from investigations

Patrick Steven Yaroch, 37, pleaded guilty to wire fraud and money laundering after using wallet credentials from 35 FBI investigations to take the funds. bitcoinmagazine.com