Source publication: November 9, 2026, at 08:36:52 UTC+8. This briefing reflects the developments reported at that time.
Binance’s Ethereum-based stablecoin reserves fall by about $9 billion
Binance’s Ethereum-based stablecoin reserves fell from approximately $41 billion to $32 billion around a hacking incident, according to CryptoQuant data cited in Odaily’s roundup. The latest daily net inflow was approximately $27.9 million.
These figures concern stablecoins held on an exchange, not the assets backing stablecoins at their issuers.
The same data showed Binance’s BTC reserves declining from roughly 730,000 BTC to 673,700 BTC—a reported decrease of about 56,000 BTC—and ETH reserves falling from approximately 3.48 million ETH to 3.08 million ETH.
A separate Arkham dataset put Binance-labeled holdings at about $162.65 billion across approximately 68.5 million addresses, including around 696,184 BTC and 3.454 million ETH. The roundup did not reconcile the two providers’ figures.
Binance restored HYPE and APT withdrawals on November 8, earlier than its previously stated deadline. Other withdrawal channels remained subject to security assessments. The item, attributed to Bitcoin.com News, also cited Elliptic as reporting that attackers exchanged approximately $174 million in stolen altcoins for roughly 2,300 BTC.
Compound to close its Scroll USDC market
Compound Foundation said on X that its USDC market on Scroll would close, following Scroll’s request for users to address their DeFi positions.
The foundation urged borrowers to repay outstanding loans, warning that all remaining loans would face liquidation over the following weeks. The notice concerned that specific lending market, rather than USDC issuance or redemption generally.
JD Coinlink website inaccessible; licensing status remains distinct
Odaily reported that JD Coinlink’s website was inaccessible, although the precise time it became unavailable was not confirmed. Qichacha listed JINGDONG Coinlink Technology Hong Kong Limited as still registered.
JD had previously announced plans for a stablecoin pegged 1:1 to the Hong Kong dollar. JD Coinlink participated in the Hong Kong Monetary Authority’s stablecoin issuer sandbox but was not among the first licensed stablecoin issuers. The report did not establish why the website was unavailable.
Tether: proposed Juventus investment and a records deadline
According to Gazzetta, Tether planned to contribute €28.8 million to Juventus’s proposed €250 million capital increase, proportionate to its approximately 11.5% stake.
Tether supported the capital increase at the November 3 shareholders’ meeting but abstained on the other ordinary-meeting proposals, including approval of annual accounts showing a €66 million loss. It had also contributed €11.7 million to Juventus’s €98 million capital increase in November 2025, while opposing that transaction’s specific arrangements. A binding, unsolicited offer to acquire the club’s entire share capital from major shareholder Exor in December 2025 was rejected.
Separately, U.S. Senator Richard Blumenthal requested records and information from Binance, Tether, World Liberty Financial and Fight Fight Fight LLC, among others, by January 4, 2027. He warned that the Senate Permanent Subcommittee on Investigations would seek other means to secure compliance if they did not cooperate.
Russia and South Korea outline different regulatory approaches
The roundup reported that Russia’s central bank had finalized rules permitting platforms to offer BTC, ETH and USDT trading from November 17, 2026. Non-qualified investors would be limited to purchases worth 300,000 rubles annually through each intermediary; qualified investors would not face that limit. All investors would have to pass a mandatory test before trading.
The Moscow Exchange planned to launch cryptocurrency trading on December 1. Direct person-to-person cryptocurrency trading was scheduled to be prohibited from July 1, 2027.
In South Korea, officials were working toward presenting a Digital Asset Basic Act proposal during November. Stablecoin issuers were expected to take the form of bank-centered consortia, but the report described continuing discussions rather than a finalized law. Other proposals included exchange licensing, a 15%–20% single-shareholder ownership cap—or potentially a voting-rights restriction—and no-fault compensation liability for hacks and system incidents.
Hong Kong prepares crypto-asset reporting framework
Hong Kong Under Secretary for Financial Services and the Treasury Joseph Chan said crypto-asset reporting would begin in 2027, according to the roundup’s account of reporting by Caijing.
Planned requirements included registration with tax authorities for reporting crypto-asset service providers with a Hong Kong reporting nexus, alongside retention of due-diligence records. A dedicated team had been established to provide technical support and answer industry questions. The scope of covered providers and the initial information-exchange partners remained areas of industry attention.
Ardoino’s USDT adoption figures are issuer claims
Speaking at the 2026 Plan ₿ Forum in Lugano, Tether CEO Paolo Ardoino described USDT as a smart contract containing approximately 300 lines of code. He said Tether had more than 730 million users and was adding 30 million wallets per quarter.
Ardoino also described USDT as a way to hold dollars for people living in economies with annual inflation as high as 100%. These were statements attributed to Tether’s CEO, not independently verified adoption or reserve findings presented in the roundup.