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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
11/07/2026 07:06 PM Michael Saylor Links Bitcoin Digital Credit to 400 Years of Financial History
TLDR: Michael Saylor says Strategy’s Bitcoin digital credit model draws on over four centuries of financial history. Strategy raised $2.521 billion through its STRC offering in July 2025 and used the proceeds to buy 21,021 BTC. Strategy’s STRC shares now use daily dividend record dates, and cash payments follow on the next business day. Saylor [...]
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11/07/2026 07:01 PM Binance, OKX Users Report Frozen MEXC Deposits After U.S. Treasury Action
TLDR: Binance, OKX and Gate users report delayed MEXC-linked deposits, but no exchange-wide blocks are yet confirmed. Bitget Wallet reportedly stopped accepting MEXC-origin funds for card top-ups amid stricter compliance checks. FinCEN alleges MEXC facilitated at minimum $16 billion in illicit transactions from May 2021 through May 2026. FinCEN’s transfer restrictions take effect 30 days [...]
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11/07/2026 05:39 PM Binance Hack Update Reveals 2,300 BTC From Stolen Altcoin Swaps
TLDR: Binance hack attackers converted $175 million in stolen altcoins into roughly 2,300 BTC. The swaps changed the form of previously stolen assets. Elliptic tracked more than 20,000 wallets across 16 blockchains. The laundering involved at least 36 services and 65,000 transactions. Elliptic tracked 88 BTC entering coinjoins in its November 7 account. It said [...]
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11/07/2026 01:36 PM XRP Price Tests Support as David Schwartz Warns the XRP Army
TLDR: XRP price trades near $1.17, roughly 24.5% below the cited October level of $1.55. Analysts are watching several potential support zones. David Schwartz will block accounts posting insults or irrelevant XRP content. He welcomes substantive criticism in appropriate discussions. Coinglass data shows a 12.36% decline in XRP open interest. XRP ETF cumulative net inflows [...]
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11/07/2026 07:37 AM Uniswap Whales Split as $11M UNI Accumulation Meets $7.32M Sell-Off
TLDR: Wallet 0xC374 accumulated 1.32 million UNI worth $11.05 million over 45 days. Another whale sold $7.32 million in UNI but still holds approximately 19.3 million tokens. UNI trades near $7.03, with CoinGecko reporting a 1.42% daily price increase. A break below $6.85 could expose UNI to $6.50, with $5.80 a deeper downside scenario. Uniswap [...]
The post Uniswap Whales Split as $11M UNI Accumulation Meets $7.32M Sell-Off appeared first on Blockonomi.
11/07/2026 07:14 AM Algorand Pauses xGov Grants, Ends Advisory Councils in Major Strategic Shift
TLDR: Algorand will indefinitely pause its xGov grants program starting December 6 under its restructuring. The foundation will close its forum and conclude the Ecosystem Advisory Council on November 6. ALGO staking rewards remain committed through January 2028 despite the broader strategic changes. Algorand drops proposed supply inflation, MEV capture and higher minimum fees from [...]
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11/07/2026 06:45 AM Bitcoin and Ethereum ETFs Shed $505M as Kalshi Traders Predict BTC Drop to $70,000 in November
TLDR: Bitcoin spot ETFs recorded $411.9 million in net outflows on November 6. BlackRock’s IBIT accounted for $403 million in withdrawals, while Fidelity’s FBTC gained $42.8 million. Ethereum ETFs lost $93.3 million, with BlackRock’s ETHA recording $90.8 million in outflows. Kalshi traders priced Bitcoin’s November low near $70,000 as analysts watched key support levels. U.S. [...]
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11/07/2026 06:18 AM OKX Founder Targets Binance France Users Ahead of December Shutdown
TLDR: Binance France will close customer accounts on December 31, 2026, following its MiCA authorization failure. Binance will introduce monthly management fees of 0.025%, with a minimum charge of 10 USDC. OKX Europe promotes EUR ramps, spot trading, derivatives, staking, and tokenized stocks. OKX’s Unified Trading Account combines spot, margin, and derivatives trading under one [...]
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11/07/2026 05:59 AM THORChain Details Governance Rules for Network Upgrades and Fee Changes
TLDR: THORChain currently has 111 active nodes, each required to bond at least 300,000 RUNE. Major software upgrades and economic changes require approval from two-thirds of active nodes. Mimir allows nodes to adjust network parameters without requiring a full software upgrade. THORChain automatically removes two nodes every three days and halts swaps during detected insolvency. [...]
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11/07/2026 05:46 AM Ex-Congressman Patrick McHenry Says Crypto Industry Blew Its Best Chance to Pass CLARITY Act
TLDR: Patrick McHenry says crypto groups rejected workable compromises while pursuing perfect legislation. The former chairman admits he shares responsibility for the CLARITY Act’s legislative failure. McHenry says political pressures and Democratic opposition derailed a promising September compromise. Democrats are expected to control Congress in January 2027, creating fresh regulatory challenges. Former House Financial Services [...]
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