The good news this morning#

DeFiChain announced that communication on all channels will stop on November 14, 2026 and the websites will go offline:

“Thank you for being part of DeFiChain and for all your contributions along the way.”

Hopefully we will be spared this scam doctor going forward.

Bitcoin slips to $74,500

After a quiet weekend, Bitcoin dropped below $74,000 overnight into Monday and is trading around 1.6 percent lower in the morning. The trigger is said to be the affair involving NVIDIA CEO Jensen Huang and an alleged Chinese agent.

The price: a slide below $74,000#

Bitcoin is trading at $74,564, or €66,823, on Monday around 06:20 (CET). That is about 1.6 percent less than 24 hours ago in dollars and 1.7 percent in euros. Yesterday morning the price was still just below $76,000. Late Sunday evening Bitcoin fell below the $74,000 mark within minutes and thereby reached its lowest level since August.

Apparently the chart guys are already seeing better times ahead again.

Altcoins and ETFs: the pressure remains#

Apparently 70 percent of the altcoins listed on Binance are trading below their 200-day average; altcoin market capitalization has shed around $200 billion since mid-August, and Bitcoin dominance is at about 59 to 60 percent. Stablecoins currently account for around 11.5% of total crypto market capitalization – so there is little more than 30% of the overall market left for other shitcoins.

For US spot ETFs, last week’s outflows add up to $1.92 billion over six trading days; new daily figures will only follow over the course of Monday.

Strategy: Sunday chart and MSCI risk#

Strategy CEO Michael Saylor posted a holdings chart on Sunday titled “Connecting the dots.” The company holds 849,327 BTC at an average purchase price of around $75,451 per coin – the current price is therefore slightly below that. Observers point to the pattern that Sunday teasers often preceded Monday purchase announcements; most recently, according to X-News, 811 BTC were added for $65.5 million. Whether it happens again this time is open – the 8-K filing is expected at the earliest today.

Connecting the dots.

Conclusion#

The market is nervous, but not panicking: deep sentiment readings, record shorts and a shaky stock market shape the picture. For investors with a long horizon, a Monday morning changes little – for short-term traders the week is packed with dates.

Tech

LNbits emergency shutdown and a near-record block: what is moving Bitcoin tech at the start of the week#

LNbits is calling on all operators to shut down their servers immediately – after a wave of attacks on Lightning add-ons, a block with 11,255 transactions approaches the all-time record, and Zapstore ships version 2.

LNbits: “Stop your servers – immediately”#

On Sunday, November 8, around 14:56, the LNbits project published an unusually sharp warning on X: “All LNbits users should stop their LNbits servers IMMEDIATELY. […] Following a wave of attacks, we have a number of security patches to push. Until then, it’s better to err on the side of caution.” @btcinsider__ spread the report under the headline “BREAKING.” About 90 minutes earlier, LNbits had already advised operators to disable the Paywall extension.

LNbits developer Ben Arc announced patches within 24 to 48 hours; the hosted service my.lnbits.com was, according to Cybersixt, completely shut down as a precaution and is expected to return within a day. According to reports, it remains open which vulnerabilities are exactly affected, how many instances were attacked and how high the total damage is.

Close to the record: 11,255 transactions in one block#

Block 974,961, found by Antpool on Saturday, contained 11,255 transactions – the second-highest result in history, only 984 short of the record from August 2015. Just three days earlier there was a similarly dense block. What that says about actual usage is limited: many transactions do not automatically mean high demand.

Zapstore v2: app store over Nostr#

The project announced a “soft launch” on November 6 and promised “agent friendly” documentation. According to GitHub, versions 2.0.2 through 2.0.4 followed since then (most recently on November 8), with changes such as a search panel and a “Claimed by the developer” label for apps. Zapstore distributes Android apps over Nostr, without a platform operator as gatekeeper.

Conclusion#

The week begins with a reminder: Bitcoin itself kept running, but the stack around Lightning and bridges is vulnerable. Anyone who holds their own keys and needs as few third-party services as possible sleeps more soundly.