The Polylog Crypto Intelligence Brief

Morning Edition · Saturday, November 7, 2026

Crypto

Ethereum developers delay Glamsterdam's Hoodi testnet fork after ChainSecurity finds gas changes break eight contract assumptions

The Ethereum Foundation has asked contract teams and auditors to check whether their code depends on gas behavior that EIP-8037 and EIP-8038 will change, and the fix may require a revised specification.

3 sources

Crypto

US Treasury orders US banks to stop moving money for MEXC over $16 billion in alleged illicit flows

The Financial Crimes Enforcement Network's final order takes effect 30 days after publication and links the exchange to sanctions evasion by Iran, North Korea and Russia. The same day, Thailand filed a criminal complaint against Bitget's operator.

6 sources
Corroborated

Crypto

Binance hackers convert stolen XRP to bitcoin through THORChain as the FBI names North Korea's TraderTraitor unit

Binance traced the theft of about $6.3 billion to a developer machine compromised through fake job interviews and a tampered software installer, and Santiment reports heavy withdrawals from the exchange while futures traders kept their positions open.

8 sources
Corroborated

Crypto

Nethermind tests show a self-funding privacy pool works on Ethereum frame transactions only if the unpaid validation cap rises

On a devnet running two clients, a Groth16 shielded-pool withdrawal used 236,285 gas in its verification step, above the 100,000-gas cap in current client code. Post-quantum signatures also exceed that limit.

4 sources

Crypto

Mercado Bitcoin's attacker kept emptying customer deposit addresses for about four hours after the exchange said the breach was contained

Bitquery counts 36,042 drained Ethereum deposit addresses and puts total losses at $48.6 million across about ten blockchains, above the $36.3 million figure in the Brazilian exchange's own FAQ.

4 sources
Plausible

Crypto

Thieves took about $4 million in USDT from active TRON wallets as CertiK warns of an updated DarkSword iPhone exploit kit

CryptoSlate mapped a theft network of 365 addresses and found that only one theft matches a publicly identified iPhone owner, so the link between these losses and iOS exploits depends on limited evidence.

5 sources
Plausible

Crypto

Miden launches its PriFi stack and Bread private wallet as Aztec ships an anonymous message board with automated moderation

Both teams are building systems that hide who acted while still enforcing rules inside the application, a design that institutions and regulators will now test.

4 sources

Crypto

Initia is back online after a $2.6 million exploit that minted unbacked tokens, as Gnosis Pay discloses a card-data breach and a former FBI agent admits stealing $2.47 million

This week's smaller incidents came from a bug in the code linking two parts of a chain, a legacy card system scheduled for shutdown, and a federal agent who used wallet credentials from his own cases.

5 sources

Crypto

Moscow Exchange will open bitcoin and ether trading to Russian investors on December 1, with a 300,000-ruble annual cap for retail buyers

Retail investors must pass a test and stay under the limit at each broker they use, while qualified investors face no amount limit under the framework the Bank of Russia proposed after President Vladimir Putin signed the enabling law.

4 sources
Corroborated

Markets

Bitcoin holds near $75,800 after US payrolls beat forecasts and December rate-hike odds climb toward 80%

Employers added 165,000 jobs in October and unemployment fell to 4.1%, while US bitcoin and ether exchange-traded funds lost $530.1 million on November 5 and more than $1 billion of leveraged long positions were liquidated.

7 sources

Macro

Paraguay's Ueno Bank collapse pushes savers to pay premiums for USDT and bitcoin, while Samsung widens USDC access on 82 million US phones

The dollar rose about 10% against the guaraní, and President Santiago Peña was impeached minutes after he resigned. CryptoSlate reports that Stripe-backed funding through Samsung Pay, cards and bank transfers now reaches Samsung's US USDC accounts.

5 sources
Corroborated

Crypto

Democrats' projected Senate majority puts Elizabeth Warren in line to chair the Banking Committee, the Wall Street Journal reports

The crypto market-structure bill now has only the lame-duck session before a committee led by its leading critic takes over, while a Labor Department rule that would let 401(k) plans offer crypto reached White House review on Thursday.

5 sources
Corroborated