The Polylog Crypto Intelligence Brief

Morning Edition · Sunday, November 8, 2026

Crypto

Zcash activates NU7, cutting target block time to 25 seconds and sending most fees to a reserve

The upgrade retires the 2016 Sprout privacy pool, and a November 7 snapshot shows that fees have added only 1.12 ZEC to the new reserve, which is 99.7% inherited balance.

5 sources

Crypto

Treasury moves to cut MEXC off from US banks, citing at least $16 billion in illicit flows

The Financial Crimes Enforcement Network has applied a Russia-focused anti-money-laundering power, previously used against small venues, to a major global exchange, in a week when the Treasury also sanctioned eight Canadian money-service firms over Iran and 41 companies tied to Cambodia's Prince Group.

8 sources
Corroborated

Crypto

Hackers moved $2.5 billion out of a Binance hot wallet in one transaction after a $15 authorization

New analysis of the October 29 theft, which Binance puts at $6.3 billion, comes as the exchange confirms its chief financial officer is leaving and tells users in several European countries, including France, to withdraw before their accounts close on December 31.

9 sources
Corroborated

Crypto

Gnosis Pay breach exposed card numbers, home addresses and linked crypto wallet addresses

The crypto debit card issuer detected the intrusion on November 3, says customer funds were untouched, and will shut down its legacy consumer system on December 20.

5 sources

Crypto

Nethermind researchers measure how much unpaid validation work Ethereum's frame transactions can safely allow

Ethereum Improvement Proposal (EIP) 8141, scheduled for the Hegotá upgrade, lets accounts run their own validation logic, and the new benchmark tests how large that unpaid budget can be before the public mempool becomes open to denial-of-service attacks.

4 sources

Crypto

Bank of Russia opens bitcoin, ether and Tether to retail investors from November 17, with a 300,000-ruble annual cap

Directive No. 7441-U limits non-qualified investors to three assets bought through licensed intermediaries, and every buyer must pass a test first.

5 sources
Corroborated

Crypto

Miden launches a private self-custody wallet and a "PriFi" stack as Aztec ships an anonymous message board

Miden's Bread wallet offers private sends, receipts and swaps now, with earning and cross-chain actions to follow, while Aztec's RollingChat combines anonymous posting with automated moderation and an AI bot.

4 sources

Crypto

Security roundup: Initia's token mints traced to a reported MoveVM cache flaw, and a Paris court jails a developer over a 1 billion token mint

Both cases involve unauthorized minting, one through a reported virtual-machine bug that let an attacker credit itself with unbacked assets, the other through a developer who created and diverted tokens valued at 12.5 million euros.

6 sources

Crypto

Developer publishes a GKR prover with a machine-checked core and a faster sparse prover that produces byte-identical proofs

The work targets hash-heavy computation, which Ethereum's post-quantum plans depend on, and uses identical proof output to check that the speed optimization did not change what the verified code proves.

2 sources

Crypto

Apple and Meta reject OKX and ICE's tokenized stock plan as 90% of selected companies opt out

Strategy, Coinbase, Circle and Robinhood are among six companies from the initial selection with no disclosed objection, so crypto-native firms are the likely first listings.

2 sources

Crypto

Thailand will block Bitget from December 5 after its securities regulator files a criminal complaint

Thailand's Securities and Exchange Commission alleges that Bitget's operator ran an unlicensed digital-asset business from 2022 to 2025 and has told users to take any necessary steps with their holdings before access ends.

4 sources
Corroborated

Crypto

Bitcoin holds above $76,000 as US spot funds post another $411.9 million in withdrawals

The Nasdaq fell 3.4% and the S&P 500 fell 2.7% over the week, and a change in how the data provider Coin Metrics counts Binance balances complicates the exchange-flow signal traders watch ahead of the next inflation report.

4 sources