[Chain flows] Arbitrum leads with $195 million net inflow; Hyperliquid loses $191 million

Samsung Wallet now allows U.S. Galaxy users to buy, hold, and transfer Circle's USDC on Solana. The service is available on 82 million devices running Android 13 or later. Users can deposit with a credit card (4% fee) and withdraw to bank accounts or debit cards. First-time users get $25 in USDC for depositing at least $50. Samsung plans to expand stablecoin payments and explore additional markets.

Elliptic reports that hackers swapped $124M in stolen tokens to bitcoin after Binance's $6.43B breach, with $3.11B still in linked addresses. Binance plans to reopen withdrawals for several tokens by the end of next week, according to the company. Elliptic estimates little of the stolen funds has been cashed out, with laundering efforts spanning 20,000 wallets and 16 blockchains.

Bitcoin fell below $76,000 on Friday, November 6, as strong US jobs data raised expectations of a Federal Reserve rate hike. Ethereum and other major tokens also declined. Bitcoin traded near $75,500, while Ethereum was around $2,225. The US added 165,000 jobs in October, exceeding forecasts. Institutional withdrawals and leveraged liquidations added to market pressure.

China halted a Solana event in Shanghai due to unauthorized crypto promotion, according to the People’s Bank of China. The PBOC cited violations of crypto restrictions and plans to investigate involved entities. Solana Foundation president Lily Liu attributed the postponement to high registration numbers. The PBOC also noted Solana’s role in supporting crypto issuance and trading, which is illegal under Chinese regulations.

The Bank of Russia approved Bitcoin, Ethereum, and USD Tether for retail investors, effective November 17. Non-qualified investors can access these cryptocurrencies through intermediaries, while qualified investors have unrestricted access. The regulator selected these assets based on liquidity criteria, including market capitalization and trading volumes, to mitigate risks for retail investors.

Ethereum (ETH) fell 6.4% to $2,236 after stronger-than-expected US jobs data increased Fed rate hike odds to 80%. The report showed 165,000 jobs added vs. 65,000 expected, with unemployment at 4.1%. Higher rates typically pressure risk assets like crypto. ETH spot ETFs saw $99.97M outflows. ETH is down 13% in 30 days, 33% in a year.