Truist Cuts Nike to Sell as Jordan Demand and China Outlook Weaken
Truist kept its $29 price target as analyst Joseph Civello pointed to a 19% share gain, pressure across Jordan and Sportswear, and a worsening Greater China outlook.
Kalshi Traders Ages 18 to 21 Generated $5.4 Billion in Activity
The activity ran through August 2026, as Kalshi set a default monthly deposit limit of $2,500 for users ages 18 to 20.
Zcash NU7 Upgrade Goes Live, Slashing Block Times From 75 Seconds to Just 25 Seconds
Zcash's latest upgrade removes 60% of transaction fees from circulation.
Aave Labs Acquires Avon Team to Develop Fixed-Rate Lending
The deal includes Avon's lending protocols and onchain order book, but Aave Labs has not named a first market or launch date.
FinCEN Cuts Off MEXC Global From the US Financial System
A FinCEN MEXC Global order issued on November 6, 2026, cuts the crypto exchange off from the US financial system. The Treasury Department cast the step as part of Operation Economic Outcast. US banks and other financial firms may no longer process funds…
Nubank, Mercado Pago Freeze Crypto Transfer Screening Rails
Nubank and Mercado Pago froze key cryptocurrency transfer paths on Friday, November 6, 2026, after external screening and data providers failed. Deposits and wallet moves stalled. In-app buy and sell kept running. The split shows how Latin America's…
Treasury Cuts Crypto Exchange MEXC Off From US Financial System
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.
Core Scientific to Exit Bitcoin Mining by 2027 as AI Data Center Business Takes Over
Core Scientific's colocation revenue hit $215.4 million in Q3, as it continues to strengthen its AI ambitions ahead of its planned Bitcoin mining exit.
Aave Labs Buys Avon Team to Push Fixed-Rate Onchain Lending
This is not Aave inventing fixed rates from a blank repo. It is a tuck-in. Aave is buying the engineers and the order-book stack that already priced fixed and floating credit onchain. Then it points that capacity at institutions, fintechs, and retail.…
Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia
Treasury says it has severed MEXC Global from the U.S. after it allegedly supported $16 billion in transactions connected to Iran.