Crypto news today, 9 November 2026: bitcoin's lowest since August, Coinbase's charter and eight more stories

Crypto Eyes · 9 November 2026 · 17 min read · Markets

Line chart of bitcoin and ether from 18:00 UTC on 8 November to just after noon on 9 November 2026: at 21:55 UTC bitcoin fell to $73,510 and ether to $2,060, 3% and 7.7% below the start; at the last close bitcoin was 1.7% and ether 5.1% below it

Bitcoin fell from about $75,700 to $73,510 on Binance in ten minutes on Sunday night, its lowest price since August, and ether dropped more than twice as far. Much of the selling was forced: in the hour around the drop, CoinGlass counted $745 million of liquidations, $715 million of them long positions. At 13:00 UTC on Monday bitcoin traded at $74,922, down 1.4% over 24 hours, and ether at $2,123, down 5.2%, with Alternative.me's Fear & Greed Index at 29. Coinbase said on Monday that its federal trust bank charter is final, and on Sunday LNbits told every operator of its Lightning wallet server to switch it off.

Today's ten, most important first:

Why did bitcoin drop on Sunday night?
Ether fell twice as far, and its funding rate slipped below zero
Coinbase's national trust bank charter is final
Binance reopened HYPE and APT withdrawals ahead of its target
LNbits told every server operator to shut down
Web3Auth says many Keplr outflows were its own rescue transfers
Ankr's Ethereum bridge paid out about $300,000 on forged withdrawals
South Korea plans to cap exchange owners at 15% to 20%
The $250 travel rule plan is formally withdrawn
JCT rose almost sevenfold on Binance futures, then lost two thirds

1. Why did bitcoin drop on Sunday night?

From midday until the drop, bitcoin traded mostly between $75,750 and $76,050 on Binance. Selling started at 21:45 UTC, and at 21:55 UTC the price touched $73,510, the lowest since 21 August. Coinbase's low in the same minute was $73,477. Bitcoin was back at $75,734 in the 23:00 UTC hour and held above $75,000 until about 03:00 UTC on Monday, then slid to $73,750 by 08:00 UTC. Solana fell to $85.02 in the hour of bitcoin's low and XRP to $1.0930; at 13:00 UTC SOL was at $86.61 and XRP at $1.1047, down 3.3% and 5.1% on the day. Binance's weekly bitcoin candle for 2 to 8 November opened at $78,354 and closed at $74,851, the fifth losing week in a row.

PANews, citing CoinGlass, counted $745 million of liquidations in the hour to 22:21 UTC, with $715 million of it in long positions and the largest single order a $48.16 million ETH/USDT position on Binance. CoinGlass's 24-hour totals roll forward, so the figure depends on when it was read: by Monday morning crypto.news and CoinInsider both put it above $1 billion, roughly $913 million to $931 million of that in longs. Ether positions lost more than bitcoin's, about $450 million against about $275 million.

Bitcoin.com tied the drop to weekend headlines that arrived while stock markets were shut. One came from Nvidia: CNBC reported at 20:12 UTC, about 90 minutes before the selling, that Nvidia's board would investigate after reports that chief executive Jensen Huang had been the target of a foreign intelligence effort, and the board said it had no reason to believe company secrets were compromised. The other was Iran. Secretary of State Marco Rubio told reporters in Florida on Sunday evening that he "wouldn't say we're on the verge of a breakthrough" in the talks, but the earliest report of his remarks we found, a Times of Israel post at 23:40 UTC, came almost two hours after bitcoin's low. Crypto.news said it couldn't tell how much of the move the Iran news explained.

Tokyo's Nikkei 225 closed up 2.3% on Monday and Taiwan's Taiex 4.9%, though Seoul's Kospi slipped 0.8% and Hong Kong's Hang Seng was flat (AP). US stock futures opened lower on Sunday night and had turned up by Monday morning, with the S&P 500 contract 0.6% higher at 7:35 a.m. ET, even with Nvidia about 5% down before the open (CNBC).

2. Ether fell twice as far, and its funding rate slipped below zero

On Binance, ether went from about $2,222 at 21:44 UTC to a $2,060 wick at 21:55 UTC, and that minute closed at $2,112.20. Sunday's daily candle closed at $2,127.46, against $2,240.24 on Saturday. On Monday ether made a fresh low for the day of $2,083.10 around 07:00 UTC, and at 13:00 UTC it was at $2,123.26. Bloomingbit, relaying CoinDesk, reported that ether closed below its 200-day moving average on Sunday for the first time since 18 August. Binance's daily closes agree: Sunday's $2,127.46 sat under an average near $2,156. Over the 24 hours to 13:00 UTC ether lost almost 4% against bitcoin; our crypto market cap comparison tool puts a price on ether at bitcoin's market cap.

Open interest on Binance's ETHUSDT perpetual fell from 2,378,725 ETH at 20:00 UTC Sunday to 2,279,803 ETH at midnight, about 4% of the contracts gone in four hours. Funding, positive at +0.006% at the 16:00 UTC settlement, came in at -0.008% at 00:00 UTC and -0.005% at 08:00 UTC. That is only slightly negative. The Defiant reported that one trader's remaining 56,667 ETH long on Hyperliquid, worth about $118 million, was liquidated in full. Lookonchain puts that trader's losses across two accounts at $44.78 million. Its Telegram channel is one of those on our crypto trading signals on Telegram page.

3. Coinbase's national trust bank charter is final

Coinbase said on Monday that the Office of the Comptroller of the Currency had given final approval to its national trust bank. The OCC's licensing record shows the charter approved on 2 April 2026 and in effect from Friday 6 November. Coinbase applied in October 2025. American Banker wrote that the conditional approval came in December 2025, but the OCC record says April; the December approvals went to Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos.

The charter lets Coinbase hold digital assets for clients as a fiduciary under federal supervision. Coinbase plans to move the custody business now run by its New York trust company into the new bank over three years. The bank won't take retail deposits or make ordinary loans. Crypto.news reports conditions of at least $60 million in Tier 1 capital and liquid assets covering 180 days of costs for the first three years; we found those numbers nowhere else. Crypto.news also says the charter gives no authority to issue a stablecoin. Bloomingbit's summary of Bloomberg's report has it the other way, with Coinbase able to issue its own, and American Banker writes that Coinbase plans to get into issuance eventually.

Coinbase joins other crypto firms with final charters, among them BitGo, which got final approval in January, Circle, approved in July, and Ripple, approved on 26 October. The Independent Community Bankers of America sued the OCC on 2 October, and Senator Elizabeth Warren, expected to chair the Senate Banking Committee from January, argues that approvals like these are illegal (Decrypt).

4. Binance reopened HYPE and APT withdrawals ahead of its target

Binance switched withdrawals back on for the HYPE and APT networks on Sunday morning, UTC, and crypto.news reported it at 09:32 UTC. They are two of the six assets Binance said on Friday it aimed to restore by the end of this week, after the 29 October hack covered in our 7 November roundup. INJ, PLASMA, NEAR and LTC withdrawals were still off in the reports we saw on Monday. Binance says more networks will come back as its security checks finish.

Bitcoin.com, citing CryptoQuant, says Binance's bitcoin reserves have fallen from about 730,000 BTC to 673,700 BTC since the hack and its ether reserves from about 3.48 million to 3.08 million ETH. Arkham's wallet labels show more, about 696,184 BTC. Only Bitcoin.com gives these figures, and we couldn't check them with CryptoQuant or Arkham directly.

5. LNbits told every server operator to shut down

LNbits is open-source software for running Lightning wallets and accounts for other people on a server. On Sunday at 12:33 UTC it asked operators to disable its Paywall extension over a possible bug. At 13:56 UTC it told all of them to stop their servers at once, citing a wave of attacks and security patches it had yet to release (Bitcoin.com). It also turned off every instance on its hosted service, my.lnbits.com, and said it expected that service back within 24 hours. Nobody has publicly named the extension that was exploited, so it is not certain that Paywall was the hole.

Kevin Ravensberg, who runs the BitTipBot tipping bot on Telegram, said newly created accounts used an extension exploit to withdraw 2,285,545 satoshis, about 0.023 BTC, from his server between 09:22 and 14:00 UTC, and he has promised to repay his users. Core contributor Ben Arc said patches would be merged within 24 to 48 hours. A commit headed "centralize SSRF protection and block self-targeted requests" reached the project's development branch at 12:26 UTC on Monday, though nothing public ties it to the exploit, and the newest stable release on GitHub was still v1.6.2 from 18 September when we checked at 13:05 UTC (v1.7.0 release candidates were tagged on 29 October).

6. Web3Auth says many Keplr outflows were its own rescue transfers

On Sunday Web3Auth, the company behind the Google and Apple sign-in that some Keplr wallets use, published 12 addresses it says it controls: ten on Cosmos-family chains, one on Injective and one EVM address used on eight chains. Keplr shared the list. Web3Auth says it started moving funds out of vulnerable wallets before an attacker could reach them, so some outflows counted as theft were its own transfers. It says it is working with Keplr to return the assets but hasn't said how much it moved or when the money goes back. This follows the login pause in our 7 November roundup.

On-chain data reviewed by The Block put about $5.6 million in the 12 addresses on Sunday, including about 2.49 million ATOM, around $3.3 million, at the Cosmos Hub address. Bitquery had traced at least $6.01 million out of about 44,700 wallets, and on Sunday it corrected its report to label the two receiving addresses as Web3Auth recovery wallets. SlowMist's incident log still lists the $6.01 million as a loss. How much an attacker actually took is still unknown.

7. Ankr's Ethereum bridge paid out about $300,000 on forged withdrawals

Between 08:09 and 08:12 UTC on Monday an attacker sent five withdrawals from Ankr's Ethereum cross-chain bridge to one wallet. All five pointed back to a single deposit of 0.0044024803 ankrETH made through Optimism on 3 November, which had already been redeemed that day, and each one swapped in a new recipient, token and amount. SlowMist says every forged receipt carried valid signatures from the bridge's trusted signers and the withdraw function never checked the source chain; how the attacker got those signatures is still under investigation. Blockaid flagged the exploit first, with an estimate of about $292,000. Crypto.news priced three of the five tokens at about $303,600: 82.91 ankrETH ($216,370), 515,206 ankrPOL ($56,372) and about 7.98 million ANKR ($30,857), plus small amounts of aMATICb and aETHb with no listed price. SlowMist's count is about $304,500. The bridge's public pause flag still read false at 08:49 UTC, and Ankr hadn't said whether users will be repaid.

8. South Korea plans to cap exchange owners at 15% to 20%

South Korea's Financial Services Commission is in final talks with other ministries on its draft of the Digital Asset Basic Act and aims to publish it this month, Etoday and Bloomingbit reported on Sunday and TokenPost on Monday, all citing unnamed officials. The draft is expected to limit the biggest shareholders of crypto exchanges to stakes of 15% to 20%, the ceiling that applies to alternative trading systems under the Capital Markets Act. Current owners would get one to two years to sell down. TokenPost says officials are also weighing a cap on voting rights in place of the ownership limit.

The bill would move exchanges from a reporting system to licenses. Bloomingbit says issuers of won stablecoins are expected to be limited to consortiums led by banks, while some lawmakers in the ruling Democratic Party want fintech firms let in. No draft text has been published, and the timetable has slipped before: on 27 August Seoul Economic Daily reported, via Yonhap, a 20% cap, a three-year grace period and a September draft. TokenPost and Etoday expect lawmakers to sponsor the bill when it goes to the National Assembly.

9. The $250 travel rule plan is formally withdrawn

The withdrawal FinCEN announced on Friday appeared in the Federal Register on Monday (91 FR 70824, document 2026-22809) and applies from 9 November. The 2020 proposal, issued with the Federal Reserve Board, covered both the recordkeeping rule and the travel rule. It would have cut the threshold for collecting, keeping and passing on information about funds transfers that start or end outside the US from $3,000 to $250, and it would have named convertible virtual currency in those rules expressly. The agencies say nearly 3,000 comments came in, most of them against. With more than five years gone and crypto markets changed, they write, any similar plan would need a new proposal and a new comment period.

The other Treasury action from last week hasn't reached the Federal Register yet. FinCEN's order cutting MEXC off from US banks, the lead story in our 7 November roundup, was not published as of 12:48 UTC on Monday, and its 30-day countdown starts only on publication. Treasury's press release counts at least $16 billion of likely illicit activity through MEXC, and the order itself gives $16.7 billion.

10. JCT rose almost sevenfold on Binance futures, then lost two thirds

JCT, the token of Janction, climbed on Binance USDT-M futures from $0.003176 at 08:00 UTC on Sunday to a peak of $0.021344 between 20:00 and 24:00 UTC, then fell as low as $0.00737 on Monday. At 13:00 UTC it was down 32.4% over 24 hours on $1.89 billion of futures volume. TokenPost covered the first leg on Sunday afternoon: a rise of more than 3.5 times in four hours that liquidated over $7.7 million of positions, $6.17 million of them shorts, and pushed Binance's annualized funding rate to 1,050%.

ON, from Orochi Network, led Binance's futures gainers at 13:00 UTC, up 84.4% on $189 million traded, after one jump on Sunday afternoon and another on Monday morning. Among the fallers, UnifAI's UAI lost 40.4%, AIN 33.2% and Harmony's ONE 20.7%. ONE gave back part of the rally we covered on Saturday.

GNS was the one spot move in this group. The Gains Network token went from $0.324 to $0.464 in the 16:00 UTC hour on Sunday and touched $0.575 an hour later. Binance put a monitoring tag on GNS on 4 September. We found no dated report that explains any of these moves. A jump like GNS's 16:00 UTC hour is what our crypto volume spike scanner looks for: it compares a pair's volume in the last 15 minutes with that pair's own 15-minute average. Our crypto gainers today list ranks the same pairs by 24-hour change.

Also on Sunday and Monday

ACryptoS shuts down after a $665,000 exploit

The ACryptoS yield aggregator said on Sunday that an attacker had drained 77 of its vaults. SlowMist logs the loss at $665,429 across Arbitrum, BNB Chain, Polygon, Base and Optimism, and traces it to a missing length check in a function called depositMulti, which let a tiny deposit mint most of a vault's shares. The team disabled deposits, left withdrawals open, offered the attacker a 10% bounty and said it no longer has the resources to keep the protocol running. It has published no plan to repay users.

HTX lists 20 tokenized US stocks, two of them trading

HTX listed 20 tokenized US stocks and ETFs from the bStocks series on BNB Smart Chain, with deposits scheduled to open at 08:00 UTC on Monday. By 12:51 UTC only SPCX/USDT and CRCL/USDT were trading, on thin volume, and HTX says the rest will open as liquidity develops. The tokens give price exposure without shares or votes, and HTX hasn't said which countries can use them. Nvidia, Tesla and Alphabet are among the names.

Galxe folds into its Gravity chain

Galxe is closing Quest, ID and Passport to concentrate on Gravity. Since Monday nobody can start new quests, Galxe+ subscriptions or Passport mints. Campaigns end on 5 December, and once claims close on 15 December the site goes read-only. The G token is unchanged, and Galxe says the products had 36 million users.

South Korean police hand seized crypto to Upbit Custody

From Monday, every South Korean police unit entrusts newly seized crypto to Upbit Custody, part of Upbit owner Dunamu. The coins sit in offline wallets until they are returned or handed to prosecutors, and Upbit covers any loss in full (Segye Ilbo, Bloomingbit). Crypto.news adds that privacy coins such as Monero stay on separate hardware wallets.

Democrats prepare to investigate crypto firms

Weekend pieces in the Financial Times, summarized by PYMNTS, and the Daily Caller looked ahead to January, when Democrats take both chambers and committee chairs can subpoena firms such as Binance and Tether that ignored earlier letters. Rep. Robert Garcia is expected to chair House Oversight, though no chair is formal until the new Congress organizes.

A large HYPE holder moved to FalconX

A wallet unstaked 512,010 HYPE, about $39.3 million, and sent it to FalconX, Lookonchain reported on Sunday evening. Ember estimates the holder bought near $44.80 about a year ago, which would put the paper profit near $16.4 million. A transfer to a broker like FalconX falls outside our crypto whale tracker, which follows large swaps on decentralized exchanges on Solana, BNB Chain, Base and Arbitrum.

Dates to watch

Monday 9 November, after the US close: BitGo and MARA report third-quarter results, both with calls at 5:00 p.m. ET.
Tuesday 10 November: eToro before the US open (webcast 8:30 a.m. ET) and Bitdeer (call 8:00 a.m. ET); CoreWeave after the close.
10 to 11 November: ALLO's unlock of about 160 million tokens, or 65.5% of its circulating supply in Tokenomist's data (the tracker formerly called Token Unlocks), as relayed by PANews and TechFlow; RootData lists 177 million from 16:00 UTC on 10 November. Allora's page has the live price.
11 November: MSCI is expected to name the companies its index changes affect, with the changes taking effect after the 30 November close. DL News reports that Strategy's removal is possible but unconfirmed.
Thursday 12 November: Gemini reports after the close, with its call at 8:30 a.m. ET on 13 November.
By the end of this week: Binance's target for INJ, PLASMA, NEAR and LTC withdrawals.
30 November: holders of about $1 billion in Trump Media notes can ask for their money back (see our 6 November roundup).
5 and 15 December: Galxe campaigns end, then claims close.
Not yet set: the MEXC ban starts 30 days after FinCEN's order is published.

How this roundup was put together

Every price here is Binance's, taken from its public API at 13:00 UTC on Monday 9 November, unless another time or venue is named; Coinbase's low comes from Coinbase's own one-minute candles. Liquidation figures are CoinGlass numbers as quoted by the outlets named, and they shift with the moment of the snapshot. Charter and rule details come from the OCC and the Federal Register, and earnings dates from the companies' own releases. Where only one outlet reports a number, the text says so.

Bitcoin's share of the total market cap is on the crypto market today page, beside our own Fear & Greed index, which is calculated differently from the Alternative.me reading of 29 quoted above. Pairs whose volume suddenly jumps stand out in the crypto screener, a crypto volume tracker that puts 1, 5 and 15-minute volume and a spike multiple next to real time crypto prices. The bitcoin price today is on our live crypto prices board, which carries Binance's USDT pairs from the same exchange data as the chart above. This is news and market data, not financial advice.

Sources

bitcoin ethereum market data security regulation institutions