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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
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 [...]
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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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11/07/2026 05:26 AM US Sanctions 8 Canadian Crypto Firms Over Iran Links as MEXC Faces $16B Crackdown
TLDR: OFAC sanctioned eight Canadian businesses accused of facilitating Iran-related crypto transactions. Several designated firms allegedly processed funds linked to Iran’s IRGC and sanctioned exchanges. Treasury linked some Canadian businesses to drug proceeds laundered through digital assets. FinCEN separately targeted MEXC over at least $16 billion in alleged illicit transactions. The US Treasury has sanctioned [...]
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11/07/2026 05:10 AM Singapore MAS Warns Public Against Crypto Trading After Binance Hack
TLDR: MAS says cryptocurrency trading is unsuitable for the general public following the reported Binance hack. Binance remains unauthorized to provide regulated financial services in Singapore. Hackers reportedly transferred $6.3 billion in crypto assets from Binance-controlled wallets. MAS and HKMA warn that licensing cannot eliminate cryptocurrency security and investment risks. Singapore’s Monetary Authority (MAS) has [...]
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11/07/2026 04:58 AM Ethereum Leads Stablecoins and Tokenization as ETH Price Faces $2,206 Support Test
TLDR: Ethereum hosts nearly $140 billion in stablecoins, around half of the total market, Grayscale says. Grayscale estimates Ethereum holds about 40% of tokenized assets, over twice its nearest rival. The network has 2,000+ applications, with another 6,000 across its Layer 2 ecosystem. More Crypto Online sees $2,206 as key support, with lower zones at [...]
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11/06/2026 08:33 PM PG&E Corporation (PCG) Stock: Slips 1.40% as Foundation Awards $327,500 in STEM Scholarships
TLDR PCG stock falls 1.40% to $13.05 as PG&E unveils $327,500 in STEM scholarships. PG&E Foundation awards $327,500 to 57 students pursuing STEM college degrees. Scholarship recipients receive between $2,500 and $10,000 in education funding. PG&E’s STEM scholarship program has awarded nearly $8 million since its 2012 launch. Employee groups have raised over $6 million [...]
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