24H Trending Coins and News | Over $1.2 Billion Liquidated Across the Network in 24 Hours, Longs Account for $1.04 Billion; Binance Hacker Used Self-Created Meme Coin to Launder Money (November 10)
- Key Takeaways: The cryptocurrency market suffered over $1.2 billion in concentrated liquidations, with longs taking heavy losses as Bitcoin briefly dropped to $73,500. Meanwhile, hackers used self-created meme coins to launder money, security incidents at exchanges and cross-chain bridges occurred frequently, and regulators in multiple countries accelerated efforts to clarify crypto asset disposal and compliance frameworks.
- Key Elements:
- Coinglass data shows market liquidations exceeded $1.2 billion, with long positions accounting for $1.04 billion. Bitcoin hit a low of $73,500, while Ethereum liquidations surpassed $507 million.
- An Elliptic report states that the Binance hacker moved approximately $430,000 in stolen funds on the NEAR chain via a self-created meme coin, with about $43.7 million in NEAR yet to be moved.
- Strategy purchased an additional 1,036 bitcoins (at an average price of $79,012), bringing its total holdings to 850,400 BTC with a total cost of $64.16 billion.
- Spot Bitcoin ETFs saw net outflows of $1.282 billion last week, with BlackRock's IBIT leading with $1.209 billion in net outflows.
- Security incidents occurred frequently: Ankr cross-chain bridge was exploited for approximately $292,000, Swarm's development package suffered a supply chain poisoning attack, and Injective's mainnet halted block production.
- Regulatory developments: A South Korean court clarified procedures for seizing and liquidating crypto assets, the UK FCA opened applications for banks to engage in crypto business, and Poland's lower house of parliament passed a crypto asset sanctions bill.
- The NYSE will adopt the Avalanche blockchain to settle tokenized stocks, and Telegram added over 700,000 self-custodial wallets within 48 hours.
1. Trending Coins on CEXs
Top 10 CEX trading volume and 24-hour price changes:
- BTC: +0.58%
- ETH: -0.11%
- SOL: -0.25%
- XRP: -0.94%
- ZEC: -4.83%
- BNB: +0.72%
- PEPE: +2.93%
- NEAR: +0.54%
- HYPE: +0.36%
- DOGE: +1.32%
Top 24-hour gainers (data source: OKX):
- EDGE: +25.03%
- AVAX: +9.01%
- ONDO: +5.66%
- LIT: +5.40%
- AAVE: +4.04%
- ARB: +3.88%
- PEPE: +2.65%
- FIL: +2.25%
- LTC: +2.07%
- SUI: +2.06%
Top 24-hour tokenized stock gainers (data source: msx.com):
- COHX: +76.73%
- RDWU: +67.63%
- INDI: +62.36%
- FLY: +58.09%
- AEHG: +51.79%
- LASR: +49.86%
- CIFU: +46.77%
- CRDU: +42.97%
- IREX: +42.06%
- LITX: +41.80%
2. Top 2 Trending Onchain Meme Coins (data source: GMGN):
- HODL (Solana) — GameKyuubi, who wrote "I AM HODLING" on Bitcointalk in 2013, has accepted creator fees and added the $HODL contract address to his profile; the community has framed this as an onchain continuation of the HODL meme. Market cap: $3.6 million; 24-hour gain: +213.15%.
- Niubi (BSC) — A Meme coin on BSC, inspired by Musk's post praising Chinese X, which read "Chinese 𝕏 is 牛逼." Market cap: $5.4 million; 24-hour gain: +116,250.00%.
Headlines
Crypto Market Liquidations Exceed $1.2 Billion, Long Positions Account for $1.04 Billion
Coinglass data shows that crypto market liquidations exceeded $1.2 billion, with long positions accounting for $1.04 billion. Bitcoin's price briefly fell to $73,500, then rebounded briefly above $75,400 before declining again. Bitcoin leveraged position liquidations exceeded $324 million, of which long positions accounted for over $281 million. Ethereum liquidations exceeded $507 million. (Bitcoin.com News)
Blockchain analytics firm Elliptic released a report stating that the Binance hacker is using self-created Meme coins and decentralized exchange liquidity pools to move stolen funds, with related methods observed on the Tron, NEAR, and Solana networks. Specifically, the hacker first creates new tokens and pairs them with assets such as NEAR or stablecoins to establish liquidity pools, then executes buy and sell operations through different wallets, making fund transfers appear as ordinary token trades and thereby increasing the difficulty of onchain tracking. Elliptic noted that between November 5 and 7, the hacker created at least 6 Meme coins on the NEAR chain, each costing about 25 NEAR, and moved approximately 117,000 NEAR in stolen funds through these tokens, worth about $430,000. The relevant tokens have stopped trading since November 8, and approximately 11.8 million NEAR in stolen funds, worth about $43.7 million, has not yet been moved. Elliptic emphasized that this method cannot truly hide onchain fund flows and mainly serves to slow down investigations. In the 2025 Bybit hack, North Korean hackers also used similar methods to move at least $24 million.
Industry News
Bitcoin News posted on X that Strategy purchased 1,036 BTC at an average price of $79,012 per coin, spending $81.9 million; the company also repurchased 1.89 million shares of STRC preferred stock for $188.3 million. Strategy has cumulatively purchased 850,364 BTC at a total cost of $64.16 billion, with an average cost of $75,456 per coin; it currently holds $4.77 billion in USD reserves and $146.2 million in additional USD cash. During the week, the company raised $283.8 million by selling MSTR common stock.
NYSE to Use Avalanche Blockchain to Settle Tokenized Stocks
The New York Stock Exchange will use the Avalanche blockchain to settle tokenized stocks.
Spot Bitcoin ETFs Saw $1.282 Billion in Net Outflows Last Week, IBIT Led Outflows
According to SoSoValue data, spot Bitcoin ETFs saw net outflows of $1.282 billion last week (trading days from November 2 to November 6, US Eastern Time). The largest net outflow last week was BlackRock's ETF IBIT, with weekly net outflows of $1.209 billion and historical total net inflows of $65.10 billion; followed by Grayscale Bitcoin Trust GBTC, with weekly net outflows of $61.0081 million and historical total net outflows of $28.11 billion. The largest net inflow last week was Fidelity's ETF FBTC, with weekly net inflows of $93.117 million and historical total net inflows of $10.27 billion.
Philadelphia Semiconductor Index Rises Over 7%
According to MSX.COM data, the Philadelphia Semiconductor Index extended its intraday gain to 7%. AMD (AMD.O) rose over 12%, Broadcom (AVGO.O) rose over 9%, Micron (MU.O) rose over 7%, Qualcomm (QCOM.O), ASML (ASML.O), and TSMC (TSM.N) rose over 4%, Intel (INTC.O) rose over 5%; Nvidia (NVDA.O) fell over 3%.
Project News
Ankr Ethereum Bridge Attacked, About $292,000 in Assets Transferred Out
According to Onchain Lens monitoring, the attacker allegedly triggered 5 withdrawals from the Ankr Ethereum bridge by making a small deposit on Optimism, resulting in about $292,000 in assets being transferred out.
Node Wallet Keys Possibly Stolen, Swarm Development Package and Desktop Client Poisoned
According to Socket monitoring, Ethersphere, the development team behind decentralized storage project Swarm, suffered a supply chain attack. On November 9, the attacker published a malicious version bee-js 13.3.0 to npm and pushed a trojanized Swarm Desktop 0.56.2 through automatic updates. The malicious code reads Bee node configuration files and encrypted wallet keystores and sends them back to the attacker. Because the configuration files store the keystore password in plaintext, node wallets may be exposed; the malicious code also plants a remote-control backdoor on devices. npm has now removed the version, and Ethersphere has also withdrawn the relevant desktop version; no confirmed fund losses have been reported so far.
Injective Network Stops Producing Blocks, Upbit and Coinone Suspend INJ Deposits and Withdrawals
According to Injective official node monitoring, the Injective mainnet has stopped producing blocks, with the latest block height at 191,016,661, generated at 21:04 Beijing time. Upbit announced that due to the interruption of block generation on Injective (INJ), INJ deposits and withdrawals have been suspended, while spot trading is unaffected; after deposit and withdrawal stability is confirmed, resumption will be announced via notice. Coinone announced that due to a network failure, INJ deposits and withdrawals have been suspended since 22:25 Beijing time, while trading and other services are unaffected.
Telegram Founder: Platform Added Over 700,000 Self-Custodial Wallets in Past 48 Hours
Telegram founder Pavel Durov posted on X that over 700,000 self-custodial wallets were created on the Telegram platform in the past 48 hours. Durov noted that adoption of these wallets is growing rapidly, and users can automatically activate a wallet simply by receiving Gram tokens. He believes this reflects the continued momentum of cryptocurrency adoption.
Funding and Investment
Crypto Industry Raised $1.65 Billion in October, Kalshi Accounted for 61%
Venture capital funding in the crypto industry reached $1.65 billion in October 2026, more than double September's level, mainly driven by Kalshi's completion of a $1 billion Series G round. Kalshi's round accounted for 61% of the month's total funding. Excluding Kalshi, other projects raised $651 million, below September's industry-wide $665 million; excluding the month's top two funding deals, remaining funding was $451 million, essentially flat compared with September's $455 million. A total of 46 funding rounds were completed in October, up from 44 in September but below 116 in the same period of 2025. Seed and Pre-Seed funding rose 8% to $123 million across 20 rounds. The payments sector saw 12 deals totaling $342 million, including Whop's $200 million raise.
Prediction market broker River Markets said its affiliate River Finance LLC has registered as a futures commission merchant with the U.S. Commodity Futures Trading Commission and joined the National Futures Association, allowing it to carry customer accounts and handle customer funds. River Markets is building a prime brokerage platform for prediction markets, aiming to let institutional traders manage funds, positions, and risk across multiple trading venues and clearinghouses through a single account, and plans to support financing arrangements and permitted over-the-counter trading. River Markets co-founder and CEO Oscar Levy said in a statement that access to event contracts alone is not enough and that institutions entering the market need to deploy capital efficiently around the clock and manage risk across trading platforms. The company was founded in May this year and serves hedge funds, sports funds, proprietary trading firms, and event risk hedging businesses. River Markets said it has routed more than 250 million contracts and has backing from top-tier venture capital firms after completing an $8.5 million seed round.
Regulatory Developments
The Cyberspace Administration of China released a "Summary of Frequently Asked Questions on Blockchain Information Service Filing" in its newly launched "Filing System for Information Services of New Internet Technologies and Applications," clarifying filing requirements for blockchain information services and stating that service names must not include terms such as "virtual currency," "exchange," or "ICO." The document lists five circumstances affecting filing applications, including business content involving virtual currency issuance, trading, and ICOs; servers deployed overseas; failure to complete ICP filing as required; unclear submitted materials or inconsistent information; and matters that do not fall within the scope of blockchain information service filing. In addition, operators providing BaaS (blockchain-as-a-service) services such as blockchain infrastructure, nodes, and proof of existence to external entities should also perform blockchain information service filing procedures in accordance with the law. Earlier reports said the CAC's "Filing System for Information Services of New Internet Technologies and Applications" went live on November 9 and supports filing for multiple service types including generative AI, algorithms, deep synthesis, and blockchain.
South Korea's Supreme Court Administration said on November 9 that the revised Civil Execution Rules took effect on November 1, clarifying procedures for the seizure, transfer, and liquidation of crypto assets such as Bitcoin. Crypto assets held through trading platforms can be enforced by seizing the user's claim against the platform for asset transfer; for crypto assets in personal wallets, courts can order debtors not to dispose of them and require transfer to an enforcement officer for management, followed by sale or transfer to creditors in accordance with the law. Civil enforcement cases involving crypto asset trading platforms in South Korea rose from 423 in 2023 to 3,136 in 2025, and stood at 3,186 in the first nine months of 2026.
UK Banks Can Now Apply to Conduct Crypto Asset Business
The UK Financial Conduct Authority (FCA) said UK banks can now submit applications to conduct crypto asset business before the new crypto asset regulatory regime takes effect. Firms that submit applications before February 28, 2027 and meet specific requirements may continue operating during the review period.
Crypto Assets Can Be Frozen Before Court Review as Poland's Lower House Passes Sanctions Bill
Poland's lower house passed a bill expanding the scope of sanctions measures to include crypto assets, bank balances, and real estate. Assets held on crypto trading platforms by individuals or companies placed on the national sanctions list may be frozen before court review; filing an appeal will not automatically lift the restrictions. The bill passed with 240 votes in favor, 202 against, and 1 abstention, and has now been submitted to the Senate for review; it still requires signature by President Karol Nawrocki to take effect.
Voices
Jensen Huang Affair Draws Attention From Former SEC Chair: Nvidia Board to Face Tough Choices
Former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said in an interview that after the affair involving Nvidia CEO Jensen Huang came to light, Nvidia's board will face "Tough Choices." However, the specific content and conclusions of the relevant investigation have not yet been disclosed in the information provided, and Gary Gensler did not further specify which aspects of
