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The projects, currencies, and events shaping crypto today.
Dormant Bitcoin Wallets Wake Up After 16 Years, Moving $6.9 Million
Two Bitcoin addresses that had been dormant since 2010 suddenly moved $6.9 million worth of BTC on Friday, bringing two early mining rewards back into circulation after more than 16 years. Blockchain tracking service Whale Alert flagged the first transfer at 4:08 a.m. UTC on November 13, when 50 BTC worth approximately $3.44 million moved from an address that had not spent its original mining reward since September 2010. Just over two minutes later, another 50 BTC moved from a separate wallet wi...
Nov 10, 2026
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Binance Halts MEXC Transfers as FinCEN Cuts Exchange Off From US Financial System
Binance has stopped processing transactions involving MEXC, one of the world's largest crypto exchanges, days after the U.S. Treasury Department designated MEXC a primary money laundering concern. "Effective immediately, users should not send funds to, receive funds from, or otherwise transact through Binance involving MEXC, MEXC Global, MEXC affiliates or related entities," Binance tweeted on Tuesday. Binance is applying enhanced compliance measures following FinCEN’s designation of MEXC as a...
Nov 9, 2026
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Binance Hack Launderers Mint Elon Musk and Animal Meme Coins to Move Stolen Crypto
North Korea’s hackers have found a novel use for the internet’s favorite joke tokens: laundering a slice of the record $6.4 billion stolen from Binance. According to a report from blockchain analytics firm Elliptic, the launderers are creating their own worthless meme coins and using them to shuffle stolen funds through decentralized exchanges in a way that breaks the direct onchain link between the thief’s wallet and the one collecting the proceeds. The launderers mint a brand-new token, pair i...
Nov 9, 2026
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Vitalik Buterin Moves On From ‘Ultrasound Money,’ Says ETH’s Value Is Stability
Ethereum co-founder Vitalik Buterin wants people to stop valuing ETH as a fee-burning token and start treating it as a store of value, arguing that the burn was "never" as strong as it seemed. Binji Pande, founding member of Ethlabs, told Decrypt that he agrees, claiming that it is a more "future-proof store of value" than Bitcoin. It's a notable shift in messaging from the Ethereum community, after ETH was branded as "ultrasound money" when the network started burning a portion of every transac...
Nov 6, 2026
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$3.1B in Stolen Binance Crypto Has Yet to Be Laundered: Elliptic
Around half of the $6.43 billion stolen from Binance last month has yet to be laundered, blockchain analytics firm Elliptic said in a report updated on Friday. About $3.11 billion remains in addresses linked to the theft, mostly in ETH and Bitcoin, and those funds are "very likely" still held by North Korea, Elliptic said. A further $2.85 billion, or 44% of the haul, has been frozen or seized, mostly stablecoins that issuers such as Tether and Circle froze within an hour of the theft. That compa...
Nov 5, 2026
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Zcash Upgrade Could Lock $16 Million in Crypto Forever
Zcash is preparing to shut down its oldest privacy technology, potentially leaving millions of dollars in cryptocurrency inaccessible to their owners—even if they still have the passwords and private keys needed to access their wallets. Approximately 12,224 ZEC remain in Sprout, the cryptocurrency's original privacy pool, according to ZecStats data updated Thursday. At recent market prices, those holdings represent roughly $15 million to $16 million that could become effectively frozen when the...