Yesterday’s Biggest Headlines

Crypto Market Watch

1. U.S. spot bitcoin ETFs logged $1.28 billion in net outflows last week, their worst week since late June, flipping the products to about $914.1 million in year-to-date net outflows, while bitcoin traded near $75,880 and ether around $2,244 on Saturday morning. The Block said spot ether ETFs lost $365.3 million for a sixth consecutive negative week, BlackRock’s IBIT accounted for about 88% of Friday’s bitcoin-fund gross outflows, and Solana and Hyperliquid ETFs each stretched outflow streaks to five weeks.

2. Crypto’s extraordinary run of political good fortune in Washington came to an abrupt halt after Democrats swept the midterms and prepared to control Congress. Bloomberg said the industry now faces the prospect of tougher rules and closer scrutiny of its ties to President Donald Trump after two years of a White House that made digital assets a national priority.

3. The U.S. Treasury said FinCEN cut off crypto exchange MEXC Global from the U.S. financial system under Operation Economic Outcast over at least $16 billion in alleged illicit flows. U.S. Treasury said the platform facilitated sanctions evasion linked to Iran, North Korea, and Russia, including transactions tied to the IRGC-Qods Force, and that U.S. institutions will be barred from processing funds transfers involving MEXC once the order takes effect.

4. Binance told users in some European countries to pull crypto before fees kick in, with affected accounts reportedly set to close by year-end. CoinDesk said customers in Spain, France, and Poland reported similar notices pointing to Dec. 31 closures after the exchange’s post-hack compliance and regional restructuring pressure.

Equity Market Moves

5. The Nasdaq Composite bounced 1.09% to 24,579.42 on Friday and the S&P 500 rose 0.31% to 7,376.86, while the Dow slipped 0.46% to 51,285.73, partially reversing Thursday’s AI-driven rout after a stronger-than-expected jobs report. CNBC said chip shares led the repair even as traders braced for this week’s CPI print and AI-related earnings, with December hike odds still elevated after the payrolls beat.

6. Nvidia’s board opened an independent investigation into CEO Jensen Huang’s relationship with a businesswoman U.S. intelligence agencies say is a Chinese spy, after Huang told staff he had an affair and apologized. Yahoo Finance said the woman is affiliated with Nvidia customer Megaspeed, which has faced export-control scrutiny, while the company said Huang remains committed to continuing as CEO without interruption.

Commodities Watch

7. Spot gold fell 0.4% to $4,070.59 an ounce on Friday and December U.S. gold futures dropped 0.8% to $4,080.70, though bullion was still up about 5% for the week and headed for its strongest week in over two months. Kitco relayed a Reuters wrap that tied the Friday slip to a see-saw oil session and inflation worries ahead of the jobs report.

8. Brent crude fell nearly 17% for the week, its worst weekly performance since April 2020, while WTI dropped 13.2% on the week as traders priced midterms-driven hopes for U.S.-Iran de-escalation. Investing.com said Brent finished Friday at $97.75 a barrel and WTI at $90.36 even after fresh tanker-attack headlines competed with diplomacy bets.

Today's Watchlist

• Whether bitcoin can hold the mid-$75,000s and ether the low-$2,200s after the ETF outflow week and soft weekend tape

• Digestion of Treasury’s MEXC cutoff and Binance’s European account-closure notices

• CPI on Tuesday and AI earnings (CoreWeave, Cisco, Applied Materials) after Friday’s Nasdaq repair

• Follow-through on Nvidia’s board probe into Huang ahead of Nov. 17 earnings

• Gold’s hold of the $4,050–$4,080 zone and crude’s stay soft near sub-$100 Brent / ~$90 WTI

edgeX Market Lens

The weekend handoff kept crypto on the defensive even as equities tried to stabilize: bitcoin and ether hovered near $75,880 and $2,244 after a $1.28 billion bitcoin-ETF outflow week and a sixth straight losing week for ether ETFs, while Washington’s midterms reset, Treasury’s MEXC order, and Binance’s European withdrawals hardened the policy-and-custody backdrop. Friday’s Nasdaq bounce repaired only part of Thursday’s AI wreck, and Nvidia’s Huang investigation added a fresh idiosyncratic shock into a CPI week. Soft oil capped some of the inflation impulse that weighed on gold Friday, but the metal still locked in a strong weekly gain.

The near-term question is whether Tuesday’s CPI and AI earnings can restore enough risk appetite to slow ETF bleeding, or whether Democratic crypto scrutiny, exchange cutoffs, and still-elevated December hike odds keep beta capped. Cheaper crude helps the inflation path on paper, but a blowout jobs print already lifted hike odds, so any bounce still faces a policy ceiling. If bitcoin defends the mid-$75,000s, ether stabilizes above $2,200, and the Nasdaq holds Friday’s repair through CPI, last week’s flush can consolidate. If ETF outflows re-accelerate, Huang headlines hit chip leadership, or gold’s weekly reclaim fails while oil snaps higher on fresh Iran escalation, the post-midterms reset will deepen.

For active traders, access matters when bitcoin and ether trade with ETF flow stress, Washington’s crypto honeymoon ends, exchange access gets severed, and gold and oil again diverge from the equity repair tape. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.