Cryptoccino — Monday 09 November 2026

Upbit volume retreats 20% week-on-week. The South Korean exchange recorded roughly 6.7 trillion won in weekly volume, down from the prior week, with XRP the most-traded asset. The decline adds to a picture of reduced retail appetite across Asian markets even as XRP continues to hold mindshare among Korean traders. cryptobriefing

Gold sells off on stronger-than-expected US jobs data. Robust payroll figures pushed December rate-hike expectations higher, pulling gold lower as real yields rose. For crypto, a tighter-for-longer Fed path compounds the macro headwinds already visible in this week’s liquidation data. cryptobriefing

Finland homes heat scheme needs BTC above $70K to remain viable. A novel scheme routing waste heat from Bitcoin miners into residential properties in Finland has a hard economic floor: once BTC drops below $70,000, the miner economics no longer justify continued operation. With spot price volatility this week, that threshold is relevant rather than theoretical. coindesk

tBTC bridge resumes partially while $120M in Aave reserves stays locked. Threshold Network restarted tBTC bridge operations after halting on 30 October to address a critical Linux kernel vulnerability that left nodes open to remote code execution. The partial resumption is progress, but roughly $120M sitting in Aave’s tBTC reserve remains frozen pending a fuller resolution. cointelegraph_defi

Vitalik reframes ETH as a store of value, not a fee-burning machine. Buterin publicly argued that Ethereum’s value proposition should be anchored to its role as a durable store of value rather than to the mechanical deflationary pressure of fee burns. The timing follows last month’s withdrawal of a contentious proposal to burn an escalating share of validator rewards as stake rises. theblock

Two rival EIPs seek to shield legacy Ethereum contracts from Glamsterdam breakage. Competing proposals have emerged in the Ethereum developer community to protect existing smart contracts from being broken by changes planned for the Glamsterdam upgrade. The competing approaches suggest no consensus yet on how to balance forward progress with backward compatibility. coindesk

Stablecoin supply growth has plateaued even as payment volumes climb. Total stablecoin market cap has stopped expanding at the pace seen in prior cycles, yet on-chain payment settlement volumes continue to grow, suggesting that existing supply is turning over faster rather than new issuance driving the activity. For builders in the payments layer, the signal is that efficiency gains matter more right now than raw supply growth. coindesk

Web3Auth white-hats $5.6M out of vulnerable Keplr wallets before attackers can reach it. Web3Auth identified exposed Keplr wallet funds and moved $5.6M in a pre-emptive frontrun of what it described as an ‘original attacker’, implying some funds were already lost before the rescue. No precise loss figure for stolen funds was disclosed, leaving the full damage unclear. theblock

Crypto investor kidnapped in Oxford, loses over $2M. Entrepreneur Evan Luthra described being abducted in Oxford and coerced into transferring more than $2M in crypto assets to his captors. The case is a reminder that physical-extraction attacks on known crypto holders remain a live threat vector regardless of on-chain security posture. cryptobriefing

Binance mining pool down to one block per week as closure approaches. Binance’s Bitcoin mining pool, already announced for shutdown, found just a single block in the past week as hashrate drains away ahead of the closure date. Operators still pointed at that pool should be routing elsewhere now. coindesk

Senator Blumenthal gives Binance and Tether until 4 January to hand over records. The Democratic senator has set a hard deadline for both firms to produce documentation, adding institutional pressure on two entities that are already operating under heightened regulatory scrutiny. Failure to comply by that date would likely escalate to formal congressional action. cryptobriefing

Democrats open a post-midterms probe into Kalshi and Polymarket. Following the midterm results, Democratic lawmakers have signalled stepped-up scrutiny of prediction markets, raising the prospect of tighter operational rules for platforms that took large volumes on the election cycle. On-chain data reviewed by The Block casts doubt on the insider-trading theory floated in some reporting, but the political scrutiny is now a separate track. cryptobriefing theblock

Trump defends World Liberty Financial and family crypto ventures on camera. In a 60 Minutes interview, Trump pushed back on conflict-of-interest concerns around his family’s crypto businesses, framing them as legitimate commercial activity. The election results and what they mean for crypto-specific legislation are still being assessed by observers, with the new congressional balance shaping the near-term regulatory outlook. cryptobriefing coindesk

What else is grinding?

• A Bitcoin developer named Cory Fields has proposed ‘quantum landmines’ that would require would-be quantum attackers to post BTC as collateral before touching vulnerable wallets, turning an attack into a potentially costly losing trade. decrypt
• Chipmaker credit-default swap spreads have widened past those of major hyperscalers, a subtle signal that credit markets now see more risk in the AI supply chain than in the cloud platforms it serves. cryptobriefing
• Three individuals have been charged in connection with an alleged $129M fraud scheme that used AI-generated voice cloning to impersonate executives and extract funds. cryptobriefing
• Physical Superintelligence claims an as-yet-unreleased Anthropic model has proved the Aaronson-Ambainis conjecture in quantum complexity theory, though no independent verification has been published. cryptobriefing

Last sip. The Nvidia board probe has no declared timeline, and until it does, every AI-adjacent risk trade is repricing in the dark.