The Polylog Crypto Intelligence Brief

Morning Edition · Monday, November 9, 2026

Crypto

Two rival Ethereum drafts aim to stop Glamsterdam's gas repricing from breaking deployed contracts

One draft keeps existing contracts on the old gas schedule and sends new contracts to new instructions. The other applies the new prices to everyone but lets old applications keep running as they do now. Neither sets a date.

5 sources

Crypto

Hackers claim to hold Binance user data and demand $900,000 as the fallout from the $6.3 billion theft spreads

No independent source has confirmed the extortion claim, Binance's chief financial officer is leaving, and investigators say about $3.1 billion of stolen funds still sits in wallets linked to the attackers.

8 sources
Plausible

Crypto

Initia's unauthorized mint, implanted Ledger devices and Abracadabra's emptied peg fund top the security docket

Losses range from about $2.7 million at Initia to an estimated $102 million taken through tampered hardware wallets, and recoveries so far are partial or absent.

8 sources

Crypto

Bitcoin Core developer Cory Fields proposes collateral "landmines" to make quantum theft costly

On the Ethereum side, researchers published negative results showing that a folding method failed to beat full recursion for aggregating post-quantum signatures in leanVM.

5 sources

Crypto

Miden opens a partner mainnet with a private USDC-backed stablecoin as Aztec ships an anonymous message board

Miden's privacy currently hides transactions from the public but not from its validators, and recovering a private account depends on four named guardian operators.

4 sources

Crypto

Vitalik Buterin says ether's value should rest on its role as a store of value, not on fee burns

Ethereum's co-founder would keep the burn mechanism but said holders should accept burns far below the breakeven level indefinitely.

4 sources

Crypto

US Treasury cuts MEXC off from American banks as the European Union builds a crypto unit against Russian sanctions evasion

The Financial Crimes Enforcement Network's order cites at least $16 billion in alleged illicit flows tied to Iran, North Korea and Russia, and the EU unit will run for 12 months with Ukrainian and British support.

6 sources
Corroborated

Crypto

Senator Blumenthal sets a January 4 deadline for Binance, Tether and Trump-linked crypto firms after Democrats win Congress

The deadline is voluntary for now, but Blumenthal is expected to chair his investigations subcommittee starting in January, a position that would let him escalate the requests.

6 sources
Corroborated

Markets

Bitcoin falls to about $73,761 and recovers above $75,000 after $1 billion in leveraged positions are liquidated

The sell-off followed reports about Nvidia chief executive Jensen Huang and the collapse of talks between the United States and Iran, and about 88% of the liquidated positions were bets on higher prices.

7 sources
Plausible

Crypto

Stablecoin supply barely grows in 2026 even as on-chain payment volume climbs

Circle reported a 49% rise in USDC on-chain volume to $13.9 trillion in the third quarter, while its reserve income fell 8% as yields dropped.

4 sources

Crypto

Binance will close affected European accounts on December 31 and shut its bitcoin mining pool on November 10

Balances left in affected European Union accounts after November 29 will incur a monthly fee of 0.025% with a 10 USDC minimum, and the mining pool found only one block in its final week.

3 sources

Crypto

XRP Ledger developers propose an amendment to fix rounding errors in loan repayments

The LendingProtocolV1_2 changes are still under review and need validator approval before they take effect in the ledger's native lending protocol.

3 sources