FinCEN singled out MEXC Global, citing at least $16 billion in related transactions and cutting off its access to the U.S. financial system. MEXC said it is reviewing the order and takes the allegations seriously—a response, but no outcome yet.
Meanwhile, a whale is unfazed: after five months, it spent 19.7 million $USDT to buy 8,775 $ETH, bringing its holdings to 23,097. Same market, two different moves.
In the 24 hours after the upgrade, the price rose about 8%, and the block reward was adjusted to 0.52083333 coins. The question is whether exchanges will follow with compliance adjustments, and whether on-chain data shows further accumulation after the large purchase.