🐕 Wild Dog Morning Brief — November 7
1️⃣ MEXC has been blacklisted by the US financial system. FinCEN ordered US financial institutions to stop processing any fund transfers involving MEXC, accusing it of facilitating $16 billion in illicit transactions and helping Iran, North Korea, and Russia evade sanctions. This isn’t a fine—it’s effectively a death sentence for its US business. Who’s next on the list? The whole industry was checking its books this morning.
2️⃣ BTC ETFs lost $430 million in a single day, turning negative for the year. After a roller-coaster 10 months, US spot Bitcoin ETFs have seen net outflows of $415.9 million so far this year, including $4.51 billion in outflows in June alone. The story that “institutional money will come to the rescue” doesn’t sound too convincing when Wall Street itself is taking a beating.
3️⃣ The CFTC told prediction markets to stop “blocking access state by state.” Regulated exchanges must remove state-based access restrictions within 30 days or explain themselves to market regulators, citing fair-access rules. This comes as the federal government sues Utah over the Kalshi case—Washington doesn’t want states shutting down federally registered markets one by one.
4️⃣ Gnosis Pay was hacked—bank card details, personal information, and crypto wallet data were exposed. The breach stemmed from its legacy debit card system. Funds reportedly weren’t affected, but if you’ve ever used that card, your information is now out there. “Funds are safe” doesn’t mean your identity is safe.
5️⃣ Aave acquired fixed-rate lending team Avon, officially entering the fixed-rate lending market. Aave already has more than $33 billion in deposits and $13 billion in active loans. Fixed-rate lending could be the missing piece that finally brings institutions into DeFi—or at least gives them fewer excuses.
No price predictions, no shilling, no referral links—just news and analysis.
1️⃣ MEXC has been blacklisted by the US financial system. FinCEN ordered US financial institutions to stop processing any fund transfers involving MEXC, accusing it of facilitating $16 billion in illicit transactions and helping Iran, North Korea, and Russia evade sanctions. This isn’t a fine—it’s effectively a death sentence for its US business. Who’s next on the list? The whole industry was checking its books this morning.
2️⃣ BTC ETFs lost $430 million in a single day, turning negative for the year. After a roller-coaster 10 months, US spot Bitcoin ETFs have seen net outflows of $415.9 million so far this year, including $4.51 billion in outflows in June alone. The story that “institutional money will come to the rescue” doesn’t sound too convincing when Wall Street itself is taking a beating.
3️⃣ The CFTC told prediction markets to stop “blocking access state by state.” Regulated exchanges must remove state-based access restrictions within 30 days or explain themselves to market regulators, citing fair-access rules. This comes as the federal government sues Utah over the Kalshi case—Washington doesn’t want states shutting down federally registered markets one by one.
4️⃣ Gnosis Pay was hacked—bank card details, personal information, and crypto wallet data were exposed. The breach stemmed from its legacy debit card system. Funds reportedly weren’t affected, but if you’ve ever used that card, your information is now out there. “Funds are safe” doesn’t mean your identity is safe.
5️⃣ Aave acquired fixed-rate lending team Avon, officially entering the fixed-rate lending market. Aave already has more than $33 billion in deposits and $13 billion in active loans. Fixed-rate lending could be the missing piece that finally brings institutions into DeFi—or at least gives them fewer excuses.
No price predictions, no shilling, no referral links—just news and analysis.