U.S. FinCEN Cuts MEXC Off From U.S. Financial System as Bitcoin Falls Below $76,000; Spot ETF Posts $412 Million Single-Day Net Outflow

According to original reports, several regulatory and market developments in the crypto industry have drawn attention recently. The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) took major regulatory action against large exchange MEXC by cutting off its access to the U.S. financial system; a selloff in the U.S. artificial intelligence sector dragged down the crypto market, with Bitcoin briefly falling below a key threshold; spot Bitcoin ETFs recorded a single-day net outflow; Binance will close French user accounts because it has not obtained a MiCA license; and ARK filed with the U.S. Securities and Exchange Commission to launch thematic ETFs. These developments span regulatory compliance, market conditions, capital flows and product innovation.