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Summary
A sharp crypto market correction wiped out $220 million in long positions in a single hour as BTC crashed to $72,000 and ETH broke below $2,000 following hot inflation data. Institutional outflow streaks continued, with Bitcoin ETFs losing $299.9 million on Wednesday to extend a five-session outflow total to $1.44 billion, while Ether funds shed $144.8 million. Meanwhile, traditional finance developments advanced as DTCC announced plans to bring tokenized stocks and Treasuries to SOL in 2027, and Circle minted 250 million USDC on SOL. BNY integrated staking into its digital asset custody service, and SoFiUSD launched on Polygon as the first stablecoin from a US national bank. Regulatory news showed Thailand's SEC proposing a $148,000 daily cap on stablecoin deposits and withdrawals, while Tron, Tether, and Chainalysis established a Digital Crime Task Force. In corporate and mining news, Bit Digital shares fell 9 percent after a Q3 revenue miss despite holding $439 million in ETH, F2Pool's Chun Wang repurchased 5,246 ETH at a discount, Nomura considered selling its crypto division Laser Digital, and Bitcoin mining difficulty approached its largest cut since June. ARK's research director noted that crypto hackers have stolen $8.7 billion in 2026.
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Key points
$220 million in crypto longs were liquidated in one hour as BTC crashed to $72,000 and ETH broke below $2,000.
Bitcoin ETFs lost $299.9 million on Wednesday, extending a five-session outflow streak to $1.44 billion.
DTCC plans to bring tokenized stocks and Treasuries to SOL in 2027.
Thailand's SEC proposed a $148,000 daily cap on stablecoin deposits and withdrawals.
Crypto hackers have stolen $8.7 billion in 2026, according to ARK's research director.
Chapters
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Questions
How much did Bitcoin ETFs lose on Wednesday?
Bitcoin ETFs lost $299.9 million on Wednesday, extending a five-session outflow streak to $1.44 billion.
What plans does DTCC have for SOL?
DTCC plans to bring tokenized stocks and Treasuries to SOL in 2027.
South Korean exchange Upbit is listing the HYPE token on November 10. Trading opens across Korean won, Bitcoin, and Tether markets. Deposits and withdrawals run exclusively through the HyperEVM network.
The total supply of stablecoins dropped by 14 billion dollars over a thirty day period according to Glassnode data. This decrease is the fastest reduction recorded since June 2022.
CBCTBO3 sources
A video appearing here is not an endorsement. Crypto assets can lose value. This page provides information, not investment advice.
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