Crypto Today: November 10, 2026

Each fact links to the outlet that reported it: check the original before relying on it. Not investment advice.

Anthropic, the maker of the Claude AI models, opened its IPO roadshow, the biggest story of the day. A hotter-than-expected US inflation report pushed a December Fed rate hike to near-certainty and bitcoin below $74,000. Separately, big banks reportedly lined up money for a stablecoin venture, and Binance cut off transfers with the exchange MEXC.

The simple explanation

Anthropic, the company behind the Claude AI assistant, is preparing to sell its shares to the public for the first time, at $70 to $78 each. Google plans to put in $10 billion. It matters partly because several crypto companies are working on tokenized versions of stocks, meaning blockchain-based tokens that track a share, and those are waiting for the listing too.

Inflation in the US came in hotter than expected, making a Federal Reserve interest rate rise in December very likely. Higher rates tend to make riskier assets less attractive, and bitcoin slipped. Elsewhere, big banks reportedly pledged $270 million for a new stablecoin, a crypto token meant to always equal one dollar. Binance also stopped moving money to and from the exchange MEXC after US officials linked MEXC to illicit flows.

Markets snapshot

• BTC: $73,573.00 (-2.0% over 24 hours)
• ETH: $2,044.21 (-4.1% over 24 hours)
• SOL: $82.78 (-4.4% over 24 hours)

Prices as of Tuesday, November 10, 2026.

AI & Crypto

Anthropic starts IPO roadshow at $70–$78 a share, with Google committing $10 billion

Anthropic has begun marketing its Nasdaq listing at $70 to $78 a share, a range Decrypt says values it at up to $1.4 trillion. Google is investing $10 billion at the IPO price, and a separate $26 billion private placement is reportedly being arranged.

• Anthropic launched its IPO roadshow on Nov. 10 with a proposed price range of $70 to $78 per share, moving toward a Nasdaq listing under the ticker ANT. (The Defiant, Decrypt)
• The proposed offering is 825 million shares. (The Defiant)
• The registration covers 948.75 million shares including an underwriter option, and uses $78 as the maximum price. That implies a base offering of about $64.35 billion at the top of the range. (The Defiant)
• Decrypt reports the range values Anthropic at up to $1.4 trillion. (Decrypt)
• Google committed $10 billion to Anthropic, to be priced at the IPO price. (The Defiant)
• Decrypt says Anthropic is lining up $26 billion from Nvidia, Google and other tech companies in a private placement alongside the listing. (Decrypt)

Context: Anthropic is the developer of the Claude AI models. An IPO (initial public offering) is the first sale of a company’s shares to public investors. A private placement is a sale of shares to selected investors outside the public offering. The Defiant ties the story to crypto because tokenized-stock products from Ondo and Dinari, which put shares on a blockchain, are still waiting for public trading.

Why it matters: The listing would be one of the largest ever on the strength of the figures reported, and it tests investor appetite for AI companies. For crypto readers, it also bears on the tokenized-stock products awaiting launch.

Disputed or unconfirmed: The $1.4 trillion valuation comes from Decrypt alone. The articles do not say whether Google’s $10 billion is part of the $26 billion placement.

Watch next: The final IPO pricing and first trading day on Nasdaq; the articles give no date.

Markets

Hot October CPI makes a December Fed hike near-certain; bitcoin drops below $74,000

US consumer prices rose 0.4% in October, with core up 0.3%, both a tenth above forecasts. A December rate hike now looks assured, and Fed Governor Chris Waller floated a half-point move. Bitcoin fell under $74,000 on the news.

• The Bureau of Labor Statistics reported at 8:30 a.m. ET on Nov. 10 that CPI rose 0.4% in October after a 0.6% gain in September. Core CPI, which excludes food and energy, rose 0.3%. (Unchained, CoinDesk)
• Economists had expected about 0.3% for headline and 0.2% for core. Energy rose 0.7%, food 0.5% and shelter 0.3%, while used car and truck prices fell 1.2%. (Unchained)
• CoinDesk said a December hike appears completely assured, with Waller suggesting even a 50-basis-point move could be appropriate. Cointelegraph said the data raised odds of a half-point hike. (CoinDesk, Cointelegraph)
• Bitcoin fell about 1.2% within minutes of the release, touching $73,400 on Coinbase before steadying in the high $73,000s. Volume in the first five minutes was about 483 BTC, versus about 36 BTC in the five minutes before. (Unchained)
• Analysts flagged $73,000 as support and warned of a possible drop toward $70,000, with The Block’s text also mentioning $69,000. (The Block)

Context: CPI (Consumer Price Index) is the main US gauge of consumer prices. A basis point is one hundredth of a percentage point, so 50 basis points is half a point. Crypto prices have tended to react to rate expectations because higher rates make riskier assets less attractive. Background: this is general market behavior, not drawn from these articles.

Why it matters: A larger-than-expected rate rise would tighten financial conditions further, which is the concern Cointelegraph raised for crypto investors. The report also has no 12-month inflation rate, because the BLS never surveyed prices for October 2025 after the 2025 funding lapse. Year-over-year comparisons are therefore missing for most categories.

Disputed or unconfirmed: Outlets differ on how likely a half-point hike is. CoinDesk calls a hike assured but only says Waller suggested 50 basis points could be appropriate, while Cointelegraph says only that odds of the larger move rose. The $70,000 and $69,000 targets are analyst opinions.

Watch next: November CPI is due Dec. 10, and the Fed’s December rate decision follows.

Stablecoins & Payments

Goldman, Citi and other banks reportedly commit $270 million to ‘Project Faro’ stablecoin venture

A report says banks including Goldman Sachs, Citigroup, Banco Santander and Deutsche Bank have committed about $270 million to a US-incorporated stablecoin issuer. The money is meant to cover its first five years, and the target launch is the first half of 2027.

• On Sept. 1, 21 financial firms announced plans to set up a company in the second half of 2026 to issue a stablecoin, subject to closing conditions. (Unchained)
• On Nov. 10 a report citing people familiar with the matter said the venture, codenamed Project Faro, has about $270 million in commitments, with Goldman, Citi, Santander and Deutsche Bank among the backers. (CoinDesk, Unchained)
• The money is meant to fund the issuer’s first five years. It will be incorporated in the US and is still looking for a chief executive. (Decrypt, Unchained)
• The first token will be pegged to the US dollar, with a longer-term aim of other G7 currencies, a euro version first. The group targets the first half of 2027. (Unchained, The Defiant)
• Other outlets’ versions did not say whether the money is equity, how much each bank is putting in, or which blockchain will be used. No bank or the venture has commented publicly. (Unchained)

Context: A stablecoin is a crypto token designed to hold a steady value, here one US dollar. Tether’s USDT and Circle’s USDC made up about 84% of the roughly $293 billion in dollar stablecoins on Tuesday, by Unchained’s calculation from DefiLlama data. USDT had about $176 billion outstanding and USDC about $70 billion. The group says it intends to comply with the US GENIUS Act and the EU’s MiCA regulation, as applicable.

Why it matters: Large traditional lenders are trying to compete with the crypto-native firms that dominate the dollar stablecoin market. They are also moving alongside other bank projects, including a JPMorgan, Citi, Bank of America and Wells Fargo tokenized deposit network planned for 2027 and the Open USD stablecoin, which has about $924 million in circulation.

Disputed or unconfirmed: The $270 million figure rests on a single report citing unnamed people. Neither the banks nor the venture has confirmed it.

Watch next: Announcement of the venture’s name and a chief executive, and any formal confirmation from the banks.

Regulation & Policy

Binance cuts off MEXC transfers after FinCEN ties the exchange to $16 billion in suspicious flows

Binance said it will refuse transfers to MEXC and its affiliates and hold incoming funds for review. The move came after the US Treasury’s FinCEN barred US financial institutions from moving money to or from MEXC Global. That US ban does not bind institutions until Dec. 10.

• FinCEN issued its order against MEXC Global on Nov. 6, using Section 9714 of the Combating Russian Money Laundering Act. It was published in the Federal Register on Nov. 10, and the ban on US institutions applies from Dec. 10 with no end date. (Unchained)
• FinCEN says MEXC Global moved $16.7 billion linked to Russian illicit finance, sanctions evasion, cybercrime and other activity from May 2021 to May 2026. Treasury and FinCEN press releases put the figure at no less than $16 billion. (Unchained, Decrypt)
• Treasury said nearly $1.5 billion of that involved Russian sanctions evasion. It also said MEXC Global did about $1 billion of direct business with more than 40 Iranian crypto exchangers. (Unchained)
• On Nov. 10 Binance said it will reject withdrawals to MEXC entities and hold deposits from them pending a compliance check that could end with the user’s removal. Its notice lists 13 names. (Decrypt, Unchained)
• OKX founder Star Xu asked users on Nov. 7 not to move funds directly from MEXC to OKX. Unchained found no formal halt from Bybit, Bitget, Coinbase, Kraken, KuCoin or Gate as of Tuesday. (Unchained)
• MEXC CEO Vugar Usi said late Monday that FinCEN had confirmed receipt of the company’s written request and that deposits, withdrawals and trading were fully functioning. (Unchained)

Context: FinCEN is the Treasury bureau that fights financial crime. Its order says limiting the measure to correspondent accounts (accounts foreign institutions hold at US banks) would not be enough, because funds can reach MEXC outside those banking ties. In October, South Korea’s financial regulator won approval to block MEXC, KuCoin and 25 other unregistered crypto sites.

Why it matters: Exchanges are acting before the US deadline, which suggests they treat the order much like sanctions. It could squeeze MEXC’s access to other platforms. For scale, Binance’s 24-hour volume of about 106,210 BTC is roughly 7.5 times MEXC’s 14,250 BTC.

Disputed or unconfirmed: MEXC’s CEO says operations are fully functioning, a claim from an interested party. Binance’s list includes MEXC (Comoros) Ltd, which Unchained found nowhere in FinCEN’s order, though the order says it is not limited to the entities it lists.

Watch next: Dec. 10, when the FinCEN ban binds US financial institutions, and whether other major exchanges follow Binance.

Coinbase, Kalshi and other firms back the CFTC in lawsuit over single-stock perpetual futures

Six firms filed an amicus brief on Nov. 9 asking a New York federal judge to reject a trade group’s bid to halt single-stock perpetual futures. The group argues the products fall under SEC jurisdiction, while the firms side with the CFTC.

• The Capital Markets Alliance Association sued the CFTC and its chairman, Michael Selig, on Nov. 3 over the agency’s handling of Sept. 18 applications from KalshiEX, Coinbase Derivatives and Bitnomial Exchange to list perps on single stocks. (Unchained)
• The CFTC let its 45-day review window lapse on Nov. 2 without objecting, which under its rules counts as approval. Kalshi began offering the contracts on more than 50 US stocks on Nov. 5. (Unchained)
• The alliance’s complaint has two counts under the Administrative Procedure Act. One says the approvals were arbitrary and capricious. The other says the contracts are security-based swaps that only the SEC can oversee. (Unchained)
• On Nov. 9 Coinbase, Kalshi, Payward (owner of Kraken and Bitnomial), DRW, Jump Trading and Paradigm filed an amicus brief urging the court to deny the group’s request for a preliminary injunction. (Unchained, Cointelegraph, The Block)
• The firms argue equity perps are security futures, a separate category, and warn a ruling for the alliance would send them back offshore. The court has already denied the group’s request for a temporary restraining order. (Unchained)

Context: Perpetual futures (perps) are derivatives that never expire, with regular funding payments keeping their price near the underlying asset. The alliance is a New York trade group whose members run stock and options exchanges and make markets. An amicus brief is a filing by outside parties who are not directly in the case. Unchained’s text notes the Chicago Mercantile Exchange separately sued the CFTC in June over Kalshi’s bitcoin perp approval.

Why it matters: The ruling will decide whether US-regulated exchanges can keep offering perps on individual stocks, and which agency oversees them.

Disputed or unconfirmed: The alliance says the approvals were improper and bypassed investor protections, in the words of its secretary Adam Ford. The six firms say the contracts qualify as security futures and note the SEC has not moved to cancel the exchanges’ filings.

Watch next: The judge’s ruling on the preliminary injunction; the articles give no date.

Quick hits

• Binance warned of an iOS flaw called “worse_query” that could expose wallet private keys; Apple has not publicly confirmed it, and the researcher published it days before Apple’s latest security update. (Decrypt)
• Initia halted its layer-1 blockchain after a $605,000 USDC outflow, which the team’s preliminary investigation traces to compromised rollup infrastructure keys used to fabricate cross-chain transfers. (The Defiant)
• Nvidia’s independent directors, with outside counsel, will oversee an investigation of CEO Jensen Huang after he admitted infidelity; the board backed him and said it had no reason to believe national security or company secrets were compromised. (The Defiant)
• Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, paid off every loan backed by its bitcoin, and plans to sell more to fund AI datacenters. (CoinDesk)
• Trump Media reported Q3 net income of $409.7 million, driven by crypto gains, versus a $54.8 million loss a year earlier. (The Block)
• Securitize agreed to buy River One to expand into asset-backed lending with stablecoin funding, with closing expected in the fourth quarter of 2026. (Cointelegraph)