Bitcoin has its quietest day this week, between $73,209 and $74,811

Measured by CryptoNakta from Binance spot data at 01:51 UTC, Nov 12 (8:51 p.m. ET Wednesday). The 24-hour window starts at 8:51 p.m. ET Tuesday, so it covers the whole U.S. trading day on Wednesday.

Bitcoin had its quietest day this week. On Binance it moved between $73,209 and $74,811 over 24 hours, a range of about 2%. The low came between 9 and 10 p.m. ET on Tuesday (02:00 to 03:00 UTC Wednesday).

The high came between 4 and 5 p.m. ET on Wednesday, near the U.S. stock close. Bitcoin slipped back after that. At our check it was $73,687.82, down 0.1% on the day by our reading of Binance hourly candles.

Since our last issue, measured at 11:48 UTC on Wednesday, bitcoin is down 0.5% from $74,036. Ether is down 0.3% from $2,057.

We again counted every coin on Binance with more than $20 million in 24-hour volume against USDT. Stablecoins, gold tokens and stock tokens were left out. Sixteen coins cleared the bar, and 14 of them were lower. Only GRAM and AVAX were up. GRAM, the coin formerly called Toncoin, rose 5.7% to $1.192.

The Fear & Greed Index slipped to 28 from 29, still in the “Fear” band. CoinGecko put the whole crypto market at about $2.47 trillion. Bitcoin’s share was 59.8%, down from 60.5% at our Wednesday check.

Initia’s INIT halves while its chain stays halted after a $3.27 million exploit

CryptoNakta reading of Binance INIT/USDT hourly candles, pulled at 02:05 UTC on Nov 12. About $39.4 million of INIT traded on Binance over the 24 hours to our check.

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Initia’s INIT lost half its price in a day while its blockchain stayed stopped. It fell 50.9% to $0.11981 on Binance over 24 hours, the biggest drop of any coin with real volume there. It is now 70% below Wednesday’s high of $0.395 and below where it traded on Monday afternoon.

The rise came first. INIT nearly tripled between Monday afternoon and early Wednesday. Most of that gain came after the chain stopped. We found no confirmed reason for the rise or for the fall since.

Initia stopped its main chain at 06:18 UTC on Nov. 10 (1:18 a.m. ET). In a post on X it said it had found “unauthorized transfers from the escrow accounts on the Initia L1,” crypto.news reported. Escrow accounts hold coins that users moved onto Initia’s smaller side networks, which it calls rollups.

Initia later put the total moved out at about $3.27 million, per TokenPost and FinanceFeeds. About $2.16 million of it is still sitting on the halted chain. The rest included 13,400 TIA and about 597,000 USDC sent to other networks. Initia said no INIT was taken.

The attacker got in through a stolen Google Cloud key, FinanceFeeds reported. Initia said it “will replenish all reserves affected by an exploit,” TokenPost reported on Wednesday. It has not said how or when, and it has not set a restart date. It expects recovery to take longer than a normal restart.

A public Initia node run by Polkachu still showed block 23,680,323, stamped 06:18:40 UTC on Nov. 10, as its newest block at 01:56 UTC today. Initia’s own public endpoint returned an error, and we could not reach a second independent node. So the halt rests on Initia’s statement and that one node.

Binance had INIT deposits and withdrawals closed at our 01:57 UTC check. Its note says the network is having issues. Trading of INIT on Binance continued. This is Initia’s second halt in under three weeks. An earlier exploit of about $2.7 million stopped the chain from Oct. 23 to Nov. 2, crypto.news reported. Our guide to cross-chain bridge hacks explains why escrow accounts like these get targeted.

Binance: closed withdrawal routes tick up to 755, HYPE and NEAR paused again

Measured by CryptoNakta from Binance’s public deposit and withdrawal settings. 01:51 UTC Thursday is 8:51 p.m. ET Wednesday. The closed count was still 753 at 12:29 UTC Wednesday.

After reopening 182 routes earlier in the week, Binance closed slightly more routes than it opened since our Wednesday check. At 01:51 UTC today 755 of its 1,447 coin-and-network routes were closed for withdrawals, up from 753 at 11:49 UTC Wednesday.

Not all of those are pauses. At our 02:04 UTC re-check, 318 closed routes carried Binance’s note that the token is not supported on that network. Another 83 were regular-currency (fiat) routes, and 2 were in both groups. That leaves about 357 crypto routes closed for maintenance, hot-wallet refills or other reasons.

Eight routes reopened between our two checks. They were 1000CHEEMS on BSC, AR, HYPER on Base, KGST on BSC, MOVE, MTL, PEPE on Ethereum and STRK on Starknet.

Ten routes closed. Some had only just come back. NEAR on its own network, which we reported as reopened yesterday, was closed again for deposits and withdrawals, with a wallet maintenance note. So was HYPE. ATOM on Cosmos and USDT on Aptos had reopened earlier in the week. Now ATOM carries the hot-wallet note, and USDT on Aptos says withdrawals are paused because of high withdrawal volume.

Only one of the ten was announced ahead of time. Binance paused AAPLB, its Apple stock token, from 23:30 UTC Wednesday for a dividend payout, and trading goes on. GLWB and LLYB follow at 23:30 UTC tonight, Binance’s Nov. 6 notice says.

The other new closures were CFX, CKB, LPT on Ethereum, STRK on Ethereum and USDC on Polygon. We flagged USDC on Polygon in yesterday’s late update. NEAR, ATOM and USDT could still leave on other networks.

HYPE is the hard one. Binance lists a single network for it, Hyperliquid EVM, and both deposits and withdrawals there were closed. So HYPE could not move in or out of Binance at our check. We found no Binance notice explaining the pause in its announcement lists at 01:59 UTC.

Bybit had scheduled a HyperEVM network upgrade for about 15:00 UTC on Wednesday, at block 50,988,232, its notice says. It paused HyperEVM deposits and withdrawals from 14:30 UTC. That block was made at 15:00:00 UTC, and the chain kept going.

Four public endpoints, run by Hyperliquid, dRPC, Hypurrscan and Stakely, showed new blocks within seconds at 01:59 UTC. Binance’s pause may be tied to the same upgrade, but Binance has not said so.

PEPE on Ethereum shows how fast this moves. It was closed on Wednesday and open at 01:51 UTC. At our 01:58 UTC re-check it was closed again with the hot-wallet note, which made the count 756.

INJ on Injective’s network was still closed at 01:57 UTC. Both XPL routes still carried the hot-wallet note. Binance had aimed to reopen both by the end of this week, in its Recovery Update #9. Our Binance hack guide covers how the pause began.

Check the network status on the withdrawal screen right before you send. Our Binance maintenance guide explains what these notes mean for your funds, and our wrong network guide covers what happens when the two sides do not match.

Injective runs on its upgraded software, exchanges still closed

Injective’s chain has been running on its new software since Wednesday’s planned upgrade. At 01:58 UTC today we checked three public nodes run by different operators: Polkachu, PublicNode and Injective’s own sentry node. All three showed block 191,346,975 or 191,346,976, stamped within a second of the time we asked.

Nodes at Polkachu and Injective reported version v1.20.4-safeharbor.5. That is about 77,000 blocks since the upgrade ended at 12:30 UTC Wednesday (7:30 a.m. ET), or about 0.63 seconds per block. A long stop would have pulled that pace down.

Exchanges have not all caught up. Binance withdrawals of INJ on Injective’s own network were still closed at 01:57 UTC, with a wallet maintenance note. INJ could still leave Binance on BSC.

KuCoin and Gate had INJ deposits and withdrawals open again on Injective’s network at 02:09 UTC, their public data showed. In South Korea, Upbit’s notice for the pause it began at 09:00 UTC Wednesday was not yet marked complete when we checked at 02:00 UTC.

PEPE falls 17% and UNI 10% in slow slides

Measured by CryptoNakta from Binance spot data at 01:51 UTC, Nov 12.

Pepe (PEPE) fell 16.8% and Uniswap (UNI) 9.7% on Binance. Neither had a single sharp drop. Both slid hour after hour.

PEPE went from $0.00000544 at 01:00 UTC Wednesday to $0.00000456. Its busiest hour came between 6 and 7 p.m. ET (23:00 UTC), when about $5.6 million traded. We found no PEPE news that would explain the move.

UNI fell faster late on Wednesday. It was near $6.49 at 5 p.m. ET and $6.12 at our check. CryptoTicker said earlier on Wednesday that UNI was at its lowest since mid-September. It found no Uniswap news behind the drop and pointed to leveraged buyers being forced out. It also cited a Lookonchain report that one address sold 1 million UNI over two days last week.

Zcash, which led the losers for two days, fell a smaller 3.7% to $987.57. Our Uniswap guide explains how UNI’s fee burn works.

ETF flows: Tuesday confirmed at −$95 million, Wednesday still incomplete

Source: Farside Investors tables, read at 02:00 UTC on Nov 12. Wednesday is incomplete, so we show no total for it. IBIT and the two largest ether funds, ETHA and ETHB, had not reported. Farside and SoSoValue can differ slightly.

Tuesday’s outflow is now confirmed at $95.0 million in Farside’s table, the same figure we reported yesterday from SoSoValue. It was the fourth straight day of outflows for U.S. bitcoin funds.

Wednesday was Veterans Day. The bond market was closed, but stocks and ETFs traded. Only some funds had reported by our check, and IBIT was not among them. Of those in, Grayscale’s GBTC lost $39.1 million and MSBT took in $9.0 million.

Over the eight trading days from Oct. 30 to Nov. 10, bitcoin funds lost $2.22 billion in total, by our sum of Farside’s daily figures. Only one of those days, Nov. 4, had a net inflow.

Ether funds lost $1.3 million on Tuesday. Wednesday’s ether count is also missing its two largest funds. Our ETF vs. bitcoin guide compares the yearly cost of a fund with holding the coin yourself.

Goolsbee calls CPI “borderline disturbing,” Logan sees two more hikes, stocks rebound

Source: CNBC market report, Nov 11. U.S. stock markets close at 4 p.m. ET (21:00 UTC). Treasury yields did not move because the bond market was closed for Veterans Day.

Two Fed officials sounded more worried about inflation after Tuesday’s CPI report. Chicago Fed President Austan Goolsbee called it “another distressing report, borderline disturbing” in a PBS NewsHour interview on Tuesday, per CNBC.

“We’ve got a real inflation issue on our hands that has been developing,” he said. He would not say how he would vote in December. Dallas Fed President Lorie Logan said she sees a need for two more quarter-point hikes, CNBC reported.

Futures traders all expect a hike at the Dec. 8 and 9 meeting, and CME FedWatch put about 15% odds on a half-point move, CNBC said. The Fed’s current target range is 3.75% to 4.00%.

U.S. stocks bounced back on Wednesday. Chip and AI stocks led after CoreWeave beat forecasts and raised its 2026 outlook, CNBC reported. Bitcoin climbed during the session to its high of the day, then gave the gain back after the close.

Weekly jobless claims come out today at 8:30 a.m. ET (13:30 UTC). October producer prices follow on Friday at the same time.

Stablecoin supply shrinks for a third full day, Glassnode counts a $14.2 billion drop in 30 days

Pulled by CryptoNakta from DefiLlama’s public stablecoin data at 02:01 UTC, Nov 12. DefiLlama has revised its whole series about $1.7 billion lower since yesterday, so these levels sit below the ones we showed then. The daily changes are close to what we reported.

Stablecoin supply shrank for a third full day on Wednesday, by $890 million per DefiLlama. Today’s partial reading is $400 million lower again.

Tether’s USDT fell $78 million over the past day to $175.65 billion. Circle’s USDC lost $250 million to $69.89 billion. Over the past week, USDT is down $2.07 billion and USDC $1.24 billion.

Glassnode counted a $14.2 billion drop in major stablecoins over the past 30 days, The Block reported on Wednesday. That is the largest 30-day drop since 2022, when the figure came close to $30 billion in June.

Supply falls when issuers take back more tokens for dollars than they hand out. See our USDT vs. USDC guide for how redemption works at each issuer.

Across website hijacked for a phishing page, about $350,000 lost

Someone took over the website of Across, a service that moves tokens between blockchains, on Tuesday. The attacker got control of the across.to domain at about 18:45 UTC (1:45 p.m. ET) through its registrar, Namecheap, and sent visitors to a fake page, crypto.news reported.

Across said on Wednesday that the domain was back under its control. Its smart contracts were not hacked. Apps that use Across through its API were not affected, it said.

Security firm GoPlus estimated user losses at nearly $350,000 on Ethereum, Arbitrum, Base, BNB Chain, Ink and Plasma. Across has not confirmed a total. “All affected users will be made whole,” Across said. It plans to publish a full report in the coming days.

Victims may have signed token approvals or permits on the fake page, according to GoPlus. If you used across.to on Tuesday or early Wednesday, check what your wallet approved and revoke anything you do not recognize. Our guide to revoking token approvals shows how. Revoking stops future pulls. It cannot bring back tokens already taken.

Bitcoin Core discloses three bugs fixed last year

Source: Bitcoin Core security advisories on bitcoincore.org, dated Nov 10, 2026.

Bitcoin Core published details of three bugs on Tuesday. All three were fixed last year. Bitcoin Core 30.0 came out on Oct. 10, 2025.

The high-severity bug could stop a mining node from building valid block templates after a chain reorganization, the project said. One medium bug let a hostile peer stall block processing. The other gave incoming Tor peers trusted status on nodes using the non-default “-whitelist” setting.

These advisories are for people who run Bitcoin Core themselves. Anyone still on an affected version should update to a current release.

BitMine posts a $6.31 billion annual loss on its ether

BitMine Immersion Technologies posted a net loss of $6.31 billion for its fiscal year that ended Aug. 31. It filed its annual report with the SEC on Tuesday. Most of the loss, $6.23 billion, was a paper loss on the falling value of its ether. A year earlier it had net income of $347 million.

At the end of August it held 5,901,837 ETH, worth $14.56 billion at the time, plus 211 BTC. It said on Monday that it now holds 6,070,092 ETH, as we reported yesterday.

OKXICE sets Nov. 23 for tokenized stock trading

OKXICE, the venture of crypto exchange OKX and NYSE owner ICE, plans to start trading tokenized stocks on Nov. 23, CoinDesk reported on Wednesday. It has confirmed more than 70 assets. A spokesperson said not all will be ready on day one.

The list includes Coinbase, Circle, Robinhood, BitGo and Strategy’s common and preferred shares, plus 59 Direxion ETFs. Trading will run around the clock. At first it is open only to eligible U.S. customers of OKX who have finished identity checks.

Last week we reported that most of the companies OKXICE first picked had objected. CoinDesk now counts 67 objections, and Apple, Microsoft and Nvidia are among the companies that opted out. Our guide to Binance stock tokens explains how tokenized shares differ from owning the stock.

Coming up: jobless claims today, PPI on Friday, HYPE perpetual on Monday

• Today, Thursday Nov. 12, 09:30 and 09:45 UTC (4:30 and 4:45 a.m. ET): Binance Futures adds perpetual contracts tied to Nu Holdings (NU) and Freedom Holding (FRHC) shares.
• Today, 8:30 a.m. ET (13:30 UTC): weekly jobless claims. Existing home sales follow at 10 a.m. ET.
• Friday, Nov. 13, 06:00 UTC (1 a.m. ET): Binance raises the collateral value of FIL and HBAR in Cross Margin and Portfolio Margin to 60% from 50%.
• Friday, Nov. 13, 8:30 a.m. ET (13:30 UTC): October producer prices (PPI).
• By the end of this week: Binance’s target for reopening INJ and XPL withdrawals.
• Monday, Nov. 16, 08:30 UTC (3:30 a.m. ET): Binance Futures launches a HYPE perpetual settled in USDC, with up to 75x leverage.
• Nov. 18: Harmony closes its block explorer. Binance sells SNDKB held as margin collateral at 15:00 UTC.
• Nov. 20: SanDisk split on Binance’s SNDKB token.
• Nov. 23: OKXICE plans to start tokenized stock trading.
• Dec. 8 and 9: the Fed’s next rate meeting.

ALLO’s release of about 160 million tokens at 13:00 UTC on Wednesday passed with little change on Binance. ALLO was $0.1481 at the end of that hour and $0.1491 at our check, with under $0.1 million traded in most hours.

Related guides

• Yesterday’s briefing: bitcoin dips on hot CPI, Zcash falls 14%, Binance reopens 182 routes
• How to revoke token approvals
• Cross-chain bridge hacks: the full record
• Why is my withdrawal still pending?
• Sent crypto on the wrong network: what happens next
• Why was I liquidated?

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