The Polylog Crypto Intelligence Brief

Morning Edition · Thursday, November 12, 2026

Crypto

Bitcoin Core Discloses Three Patched Bugs, Including One That Let Thousands of Nodes Trust Any Tor Peer

A second, high-severity flaw could stop mining nodes from building block templates after a chain reorganization until someone restarted them, and the project kept both bugs private for about 13 months after fixing them.

4 sources

Crypto

Bitget Hacker Pushes 80% of $78.6 Million in Bitcoin Through CoinJoin as Exchange Breaches Point to Withdrawal Systems

The Bitget, Mercado Bitcoin and Binance thefts all came from attackers who obtained the power to approve withdrawals, while Initia lost $3.27 million through a stolen cloud key.

6 sources
Corroborated

Crypto

Miden Bundles Private Stablecoin Finance Into a "PriFi" Stack as Researchers Bring Zcash Payment Proofs to Base

Aztec shipped an anonymous message board with automated moderation, and a new Ethereum Research post shows a Base contract checking every Zcash block header against Zcash's consensus rules.

5 sources

Crypto

Nvidia Perpetual Futures Fall 7% on Hyperliquid After Reports Its Board May Remove Jensen Huang

Crypto venues priced the news overnight while Binance added more traditional-finance perpetual contracts and OKX and ICE confirmed a November 23 launch for tokenized stock trading.

5 sources
Plausible

Crypto

Russia's Central Bank Clears Exchanges to Begin Organized Crypto Trading From November 22

The ordinance requires each exchange to get central bank approval for its trading rules first, and Moscow Exchange plans to start bitcoin, ether and USDT trading on December 1.

4 sources
Corroborated

Crypto

Stablecoin Supply Falls $14.2 Billion in a Month as Bitcoin Holds Near $73,700 After Hotter Inflation Data

CryptoSlate calls the drop the sharpest since June 2022, and spot bitcoin exchange-traded funds have kept recording outflows while large holders added coins.

8 sources

Crypto

MSCI Drops Strategy and Four Other Treasury Companies From Its Indexes as BitMine Reports a Yearly Loss Above $6 Billion

Index funds must sell by the November 30 close after MSCI's new screen classified the companies as non-operating, and BitMine's latest quarterly profit came mostly from unrealized ether gains while operating cash flow was negative.

5 sources

Crypto

Ajna Founders Argue a Fully Backed Stablecoin Cannot Protect DeFi Lenders From Token Votes

The GENIUS Act regulates stablecoin issuers but not who can change a loan's terms after the money is lent, and the Democrats who now control Congress are discussing a market-structure bill that would give the SEC a bigger role.

4 sources

Crypto

Validator Support for XRP Ledger's Native Lending Protocol Rises to 22 of 35, With No Public Record of Who Switched

The amendment, which would let banks issue fixed-term, uncollateralized loans from pooled vaults, needs 80% support held for two weeks to activate.

3 sources

Crypto

Ethereum Research Post Proposes "Elastic" Scaling as Every Major Layer-2 Network Loses Value Secured in a Week

L2Beat data shows the ten largest layer-2 networks fell between 1.1% and 10.8% over seven days, and only four of them have reached Stage 1 decentralization.

2 sources

Crypto

Financial Stability Board Urges Turkey to Tighten Safeguards on Foreign Stablecoins Sold by Local Exchanges

The peer review found that Turkey has no dedicated stablecoin regime and that its monitoring covers only domestically licensed platforms, but its recommendations create no legal obligations.

4 sources
Corroborated

Crypto

Texas Bill Would Let Cities and Counties Put $10 Million Each Into Crypto as a New York Judge Rules Against Novig

Without a federal market-structure law, the states are setting crypto policy on their own: Texas is expanding public exposure while New York applies its gambling law to a prediction-market operator.

3 sources