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Updated: November 9, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Square Bitcoin payments to reach more than 4 million merchants b14g has recovered about 70.2% of the stolen CORE Russia to implementUpdated: November 9, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Square Bitcoin payments to reach more than 4 million merchants b14g has recovered about 70.2% of the stolen CORE Russia to implement
Learn/Daily & Weekly Reports/On-Chain Daily/MEXC On-Chain Daily Report: Square Bitcoin Payments to Reach Over 4 Million Merchants — Will Bitcoin Payments Enter Mainstream Commerce Faster?

MEXC On-Chain Daily Report: Square Bitcoin Payments to Reach Over 4 Million Merchants — Will Bitcoin Payments Enter Mainstream Commerce Faster?

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Nov 9, 2026MEXC Learn Team
7 min
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Updated: November 9, 2026, 09:30 (UTC+8) | Author: MEXC

Headlines

  • Square Bitcoin payments to reach more than 4 million merchants
  • b14g has recovered about 70.2% of the stolen CORE
  • Russia to implement crypto retail trading rules on November 17
  • Prediction markets face greater regulatory pressure after Democratic election victory
  • Circle mints another 250 million USDC on Solana

Industry Updates

Existing $3,000 Threshold Temporarily Remains as FinCEN and Federal Reserve Withdraw Cross-Border Transfer Reporting Proposal

According to FinCEN, FinCEN and the Federal Reserve have withdrawn a 2020 proposal to revise recordkeeping and Travel Rule requirements for cross-border fund transfers. The proposal would have lowered the information-reporting threshold from $3,000 to $250 for transfers beginning or ending outside the United States and explicitly extended the rules to convertible virtual currencies and other digital assets. With the proposal withdrawn, the existing $3,000 threshold remains in place for now. The two agencies said that, because more than five years have passed since the proposal was introduced, they want to seek fresh public feedback before pursuing similar changes.

U.S. Senator Richard Blumenthal Requires Binance, Tether and Others to Submit Investigation Records by January 4, 2027

According to Odaily Planet Daily, U.S. Senator Richard Blumenthal has sent letters to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC, among other investigation targets, requesting records and information by January 4, 2027. Blumenthal also warned that the Senate Permanent Subcommittee on Investigations may pursue other means to ensure compliance if the requested information is not provided. The document requests show that congressional scrutiny of stablecoins, trading platforms and related crypto projects remains active, with future developments potentially influencing broader policy discussions.

Binance Restores HYPE and APT Withdrawals as Stablecoin Reserves Fall by About $9 Billion

According to Bitcoin.com News, Binance restored HYPE and APT withdrawals on November 8, earlier than previously promised, while other withdrawal channels remain subject to security assessments. CryptoQuant data show that Binance’s BTC reserves fell from about 730,000 BTC to 673,700 BTC following the security incident, while ETH reserves declined from approximately 3.48 million ETH to 3.08 million ETH. Ethereum-based stablecoin reserves decreased from around $41 billion to $32 billion, a reduction of about $9 billion. The latest daily net inflow was approximately $27.9 million. Arkham data show that Binance-tagged addresses still hold roughly $162.65 billion in assets, as the market continues to monitor withdrawal recovery and asset inflows.

Centrifuge Launches Tokenized Feeder Fund for Schroders Emerging Market Debt Fund on Solana

According to Centrifuge, Centrifuge has introduced the Schroder International Selection Fund Emerging Market Bond strategy to Solana through its asset-management affiliate Anemoy, marking Schroders’ first fund deployment on the network. The tokenized structure gives eligible investors exposure to emerging market debt while expanding on-chain fixed income beyond cash and short-duration government bonds into sovereign, corporate and local-currency debt. Schroders manages more than $1 trillion in assets, reinforcing the broader trend of institutional active-management strategies entering on-chain capital markets.

The Solana Company, Holding Nearly $200 Million in SOL, Plans to Expand Tokenization Services in Hong Kong

According to Bitcoin.com News, The Solana Company currently holds 2.2 million SOL worth nearly $197 million and plans to expand its tokenization services platform in Hong Kong, potentially growing its local team to 30 employees to serve banks and other financial institutions. Chairman and CEO Joseph Chee said the Asia-Pacific region represents a major opportunity for Solana. Hong Kong has already approved 17 tokenized retail products with approximately $1.3 billion in assets under management, while stablecoin, fund and securities tokenization infrastructure continues to expand, making the region an increasingly important institutional market for Solana.

OKX Star: Temporarily Avoid Direct Transfers From MEXC to OKX

According to MEXC’s official statement, MEXC has acknowledged the measures announced by FinCEN on November 6 and said its legal and compliance teams are reviewing the matter. MEXC plans to engage constructively with FinCEN and other relevant global regulators and authorities, while also launching an independent review of its AML and sanctions-control framework. MEXC said the platform continues to operate normally, user assets remain secure, and further updates will be provided through official channels. According to FinCEN’s public order, the measures take effect 30 days after publication in the Federal Register, leaving a window for continued communication, review and compliance response.

Bloomberg: As the Trump Tailwind Fades, Crypto Industry Shifts Toward Bipartisan Support for Long-Term Growth

According to Bloomberg, the crypto industry is facing a new political environment after Democrats won the midterm elections and are set to control Congress. However, some policy gains already in place would not be immediately reversed, including federal stablecoin legislation and ongoing digital asset rulemaking by the SEC and CFTC. The industry is increasingly moving away from reliance on a single political bloc and toward broader bipartisan engagement, while stablecoin payments, institutional investment and financial infrastructure continue to bring digital assets deeper into traditional finance.

SEC Crypto Broker-Dealer Rule Proposal Submitted to White House Review, Covering Four Securities Regulations

According to Bitcoin.com News, the U.S. SEC submitted a crypto broker-dealer rule proposal to the White House for regulatory review on November 3. The proposal involves Securities Exchange Act Rules 15c3-1, 15c3-3, 17a-3 and 17a-4, covering net capital requirements, customer asset protection, recordkeeping and record retention. No complete public draft or confirmed publication date is currently available. Compared with earlier staff guidance on crypto custody arrangements, a formal rulemaking process could more directly affect how U.S. broker-dealers hold, process and record digital assets.

tBTC Bridge Returns On-Chain as Threshold Network Says Reserves Remained Fully Backed

According to Threshold Network monitoring, the tBTC bridge has resumed on-chain operations following security maintenance, with node operators reconnecting through patched systems. As more operators return online, bridge services are expected to normalize gradually. Threshold Network said redemption requests and deposits submitted before the service pause remained secure and that tBTC has remained fully backed throughout the interruption. The bridge wallet currently holds approximately 4,320 BTC against about 4,185 tBTC in circulation. The user interface will reopen once enough operators are online to process deposits, minting and redemptions in a timely manner.

MEXC Market Heatmap

Data note: Sourced from MEXC real-time market data before 09:30 (UTC+8). Figures may be updated later as market conditions change.
Top 24H Gainers: MTO/USDT (+64.61%), JCT/USDT (+10.66%), NES/USDT (+6.64%)
Top 24H Trading Volume: BTC/USDT (225.884M), ETH/USDT (211.327M), SOL/USDT (39.713M)
Trending Meme Tokens: STAMP/USDT, FOREVER/USDT, LAUNCH/USDT

On-Chain Calendar

High-Risk Token Unlocks

  • Delysium/USDT [11-10 02:52] unlocks 119,539 USDT, representing 1.31% of circulating supply, short-term sell pressure: Medium
  • Magic Eden/USDT [11-10 09:11] unlocks 296,399 USDT, representing 1.09% of circulating supply, short-term sell pressure: Medium
  • Solayer/USDT [11-11 12:13] unlocks 1.35m USDT, representing 12.87% of circulating supply, short-term sell pressure: High
  • Pump/USDT [11-11 20:48] unlocks 24.09m USDT, representing 1.49% of circulating supply, short-term sell pressure: Medium
  • peaq/USDT [11-12 19:40] unlocks 1.58m USDT, representing 2.17% of circulating supply, short-term sell pressure: Medium

Key Macro Events

  • Nov 9, 09:30 — China | Statistics Authority | CPI YoY [Inflation changes may affect policy expectations and RMB risk-asset pricing]
  • Nov 9, 09:30 — China | Statistics Authority | PPI YoY [Producer prices may affect economic expectations and Asian risk-asset allocation]
  • Nov 9, 15:00 — Germany | Statistics Authority | Balance of Trade [Trade changes may affect euro-area growth expectations and cross-border capital flows]
  • Nov 9, 19:00 — Brazil | Statistics Authority | IGP-DI Inflation MoM [Inflation changes may affect Brazilian rate expectations and emerging-market capital allocation]
  • Nov 9, 20:00 — Mexico | Statistics Authority | Inflation Rate YoY [Inflation trends may affect Mexico’s rate path and peso capital flows]

Security Alert

Recent scams continue to exploit claims of “asset recovery,” “account unlocking,” or “assistance tracing stolen crypto.” The FBI warns that scammers may impersonate law-enforcement agencies, law firms or professional asset-tracing companies through search results, social media and news comment sections, approaching users who have already suffered losses and claiming they can recover funds. Victims may then be asked to pay service fees, taxes or supposed unlocking charges in advance. Some fraudulent recovery firms also provide seemingly professional but incomplete blockchain-tracing reports to encourage further payments. Users who have already lost assets should stop sending funds to unfamiliar recovery services, never share private keys, seed phrases or account credentials, and preserve transaction hashes, wallet addresses and communication records for reporting through official channels.

The MEXC On-Chain Daily Report is updated daily, providing crypto professionals with timely, professional, and in-depth market insights. Feel free to share and subscribe.
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Risk Disclaimer: This article is for reference only and does not constitute investment advice. The cryptocurrency market is highly volatile. Please make decisions cautiously based on your individual circumstances.

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