Binance announced it will no longer process transactions involving MEXC and its affiliated entities after the US Financial Crimes Enforcement Network (FinCEN) recently designated MEXC as a "primary money laundering concern." The move follows FinCEN's order cutting MEXC Global off from the US financial system, citing at least $160 billion in transactions linked to sanctions evasion. MEXC CEO Vugar Usi said the platform has established communication with FinCEN and confirmed deposits, withdrawals, and trading remain fully operational, with plans to cooperate comprehensively on the matter.
South Korea's Upbit and Bithumb List HYPE Token Across Multiple Markets
Two major South Korean exchanges moved to list HYPE, the native token of the Hyperliquid decentralized perpetuals platform. Upbit opened trading for HYPE in Korean won, BTC, and USDT markets at 15:00 local time on November 10, while Bithumb also announced plans to list HYPE and CARDS tokens on its won market. The dual listing expands Asian access to one of the fastest-growing derivatives ecosystems and signals growing institutional interest in Hyperliquid's token across the region.
Japan's FSA Updates Unlicensed Crypto Platform Warning Amid Rising Investor Fraud
Japan's Financial Services Agency (FSA) updated its warning page on unlicensed financial and crypto asset trading platforms on November 10, adding links to the Consumer Affairs Agency's anti-fraud measures. The regulator cautioned that unlicensed platforms often lack investor protection mechanisms and are prone to refusing withdrawals, charging exorbitant fees, or abruptly disappearing. The FSA's September warning list added a Hong Kong company operating the "IZAKA-YA" platform, while the Consumer Affairs Agency rolled out AI-based analysis of consumer consultation data to detect malicious fraud patterns earlier.
K25 Group to Launch K-Pop Fan Membership Platform K25.fun Across Asia-Pacific
K25 Group announced it will launch K25.fun this month, a membership platform targeting K-pop and Asian pop culture fans across the Asia-Pacific region. The platform integrates exclusive performance experiences, limited-edition collectibles, interactive fan tasks, and free artist prediction events, with one of the first membership perks being a private box experience at a BIGBANG concert in Hong Kong. K25.fun will partner with Korea's KGA for collectible authentication and condition grading. K25 Group's K25.ai unit recently disclosed an implied equity valuation of $250 million with cumulative funding exceeding $20 million.
UXLINK Hacker Closes $64.66 Million ETH Long Position at a $1.1 Million Loss
An address linked to the UXLINK hacker closed out a 30,000 ETH long position worth approximately $64.66 million via TWAP execution 11 hours ago, according to on-chain analyst Ai Yi. The position, held for nearly three months, was unwound at an average price of $2,135.20, resulting in a final loss of $1.106 million. At its peak, the position had shown unrealized profits of nearly $16.8 million.
Binance XRP Funding Rate Hits One-Year High as Spot ETF Sees $10.4 Million Outflow
CryptoQuant analyst Darkfost highlighted that XRP perpetual futures funding rates on Binance reached their highest level in over a year, signaling crowded long positions even as XRP has pulled back roughly 30% from its prior high. In contrast, spot XRP ETFs recorded one of their worst performances of the year with a net outflow of about 9.37 million XRP worth $10.4 million. The divergence between derivative positioning and spot flows suggests sentiment may be shifting late in the cycle.
Initia Pauses L1 After Unauthorized Custody Account Transfers, Losses Estimated at $615,000
Initia coordinated a pause of its Layer 1 network with validators at 14:18 Beijing time on November 10 after discovering unauthorized transfers from custody accounts holding assets bridged to multiple rollups. Preliminary investigation shows the attacker exploited compromised rollup infrastructure keys to forge IBC transfers, with about $605,000 in USDC and $10,000 in other tokens leaving via Noble before the pause. Most of the remaining transferred assets are still on the halted L1, and Initia is working with security teams, validators, and exchanges to establish the full scope of the incident.
NEAR AI Cloud Restored After Unauthorized Access via SGLang Vulnerability
NEAR AI announced that its Cloud service has resumed operations after the team patched vulnerabilities across all servers and rotated affected credentials. An attacker had exploited a flaw in the SGLang inference engine on November 8 to gain access to portions of the infrastructure. NEAR Protocol and other NEAR services were not affected, and the team said a full incident report will be published soon.
A-Shares Close Higher Led by STAR 50 as Nearly 100 Stocks Hit Daily Limit
China's A-share market opened higher but pared gains, with the STAR 50 index closing up 0.64% and nearly 100 stocks hitting their daily limit across the market. The Shanghai and Shenzhen exchanges saw combined turnover of 1.5 trillion yuan, up 22.2 billion yuan from the previous session, with over 4,200 stocks advancing. On-device AI, short drama, and humanoid robot themes led gains, while oil and gas names underperformed. The Shanghai Composite added 0.08%, the Shenzhen Component rose 0.86%, and the ChiNext gained 1.46%.
Bitget IPO Prime Opens Third Round for Anthropic Subscription Starting at $100
Bitget opened the public subscription round for its IPO Prime third-phase project, Anthropic, available to all eligible users including VIPs, with subscriptions denominated in USDT or USDGO. Allocated assets are delivered as rANT, which mirrors ANT's post-listing economic performance 1:1 through Bitget's RWA infrastructure. The subscription window runs from November 10 to the day before the IPO, with investment amounts ranging from $100 to $25,000 and a total pool cap of $200 million, carrying a 5% underwriting service fee.
Taiwanese celebrity and crypto personality Machibigbrother liquidated and emptied his Hyperliquid account after a year and a half of high-intensity trading, according to on-chain analyst Yu Jin. After a liquidation on the previous morning, he deposited funds and opened an ETH long position but chose to close it and transfer all remaining funds to his Papertrade project's trading-mining address. This marks his first full account closure since May of last year, with a cumulative loss of $37.46 million.
SlowMist Warns iOS Wallet Users of worse_query Sandbox Escape and Mnemonic Storage Risks
SlowMist CISO 23pds warned that the iOS worse_query vulnerability constitutes a sandbox escape rather than a jailbreak, but can break the assumption that apps cannot access each other's data. The vulnerability alone does not automatically steal assets — the real trigger is installing apps from untrusted IPA files, which can then read other apps' containers. If wallets store mnemonics, keystores, or WebView caches in plaintext locally, those could be exposed. Users are advised to update to the latest iOS version and avoid installing apps from unknown sources.
Binance User Complains Lista Yield Product Cannot Be Redeemed After Over a Year
An X platform user filed a complaint claiming a 3,000 USDT Lista yield product purchased through Binance Wallet, advertised as offering "instant redemption," has been impossible to redeem for over a year despite multiple customer service contacts. Lista DAO responded that vault manager MEV Capital bears full responsibility for fund management and user assets, and that the DAO has initiated legal proceedings against Stables Labs. Lista emphasized that Lista Lending is an open platform where each vault is independently operated by its own manager, and the platform cannot override a manager's risk parameters.
