Cryptoccino — Wednesday 11 November 2026

Bitcoin’s decoupling from equities is becoming a pattern. Bloomberg flagged that BTC’s role as a risk barometer is breaking down: stocks rebounded after the CPI shock but crypto stayed offered. That divergence is worth tracking for anyone running a correlated book or using BTC as a macro hedge. bloomberg_crypto

10-year Treasury yields crossed 5% on the inflation data. The move is the clearest transmission mechanism from hot CPI to crypto selling, compressing the premium investors are willing to pay for non-yielding assets. KPMG’s chief economist is also flagging a hot PCE print ahead, which would add another leg to the rate-hike repricing. cryptobriefing cryptobriefing

Trump Media posts $410 million quarterly profit, almost entirely from BTC holdings. Truth Social’s parent booked $409.7 million in net income as crypto investments carried the quarter, even as its stock remains more than 94% below its March 2024 peak. The result underlines how much of TMTG’s investable thesis now lives on a BTC price that is itself under pressure. decrypt

Forward Industries grows its SOL treasury to 8.7 million tokens at a three-month low. The company added a $50 million credit line and a housing-linked investment vehicle to fund further accumulation as SOL traded near its lowest level in roughly three months. It is the clearest real-money bet on a Solana recovery from a non-native buyer this week. theblock

Goldman Sachs, Citi and a group of global banks commit $270 million to a new stablecoin issuer. The vehicle, internally codenamed Project Faro and incorporated in the US, is intended to operate over a five-year horizon and directly challenge Tether and Circle for institutional stablecoin market share. The size of the commitment, spread across traditional lenders rather than crypto-native backers, marks a qualitative step up from earlier bank stablecoin experiments. decrypt coindesk

Alta raises $47.5 million Series A to build a privacy-and-compliance blockchain for financial institutions. The chain is designed to let banks and payment firms handle transactions with both confidentiality and regulatory controls baked in at the protocol layer. It joins a crowded field, but the round size suggests investors see a durable gap between permissioned enterprise chains and public networks. theblock

Plume’s affiliate secures a broker-dealer licence to trade regulated security entitlements onchain. The licence gives Plume the legal standing to bring real US assets onto its RWA-focused chain, moving beyond the grey-area tokenisation that most competitors still operate in. It is a meaningful regulatory milestone for the RWA sector at a moment when the bar for credibility is rising. coindesk

Moody’s and Chainlink run a testnet pilot distributing credit ratings across permissioned and public chains. The pilot used Chainlink’s CCIP to push ratings data simultaneously to multiple network types while keeping Moody’s existing publication governance intact. The practical implication is that on-chain credit data could eventually feed directly into DeFi lending protocols without a manual oracle step. theblock decrypt

FinCEN designates MEXC a primary money-laundering concern, Binance halts transfers. FinCEN linked MEXC to roughly $16 billion in suspicious flows and severed it from the US financial system; Binance responded by blocking withdrawals to MEXC addresses and quarantining inbound deposits for review. Any counterparties still routing through MEXC should treat that relationship as terminated. decrypt

NEAR AI suffers a breach via an SGLang vulnerability, exposing user account details and data from 18 AI agents. The flaw gave an attacker access to internal systems and potentially to confidential AI request data, though NEAR AI said there was no evidence that stored private conversations or uploaded files were exfiltrated. The incident exposes a gap between hardware-backed privacy claims and application-layer security in AI x crypto stacks. decrypt theblock

Binance flags an unpatched Apple iOS bug that could expose iPhone users’ private keys. A researcher published details of the “worse_query” flaw days before Apple’s latest security update; Apple has not publicly acknowledged the issue. Users storing keys on iOS devices should check whether the latest update covers the specific CVE before assuming they are protected. decrypt

Arcus covers a roughly $2 million accounting bug shortfall from its own treasury. The team said the bug has been fixed and that treasury funds were used to make affected users whole. SEAL’s weekly stats for the period 4 to 11 November logged 60 total incidents, a reminder that the bug rate is not falling even as the market sells off. cryptobriefing seal_radar

Democrats win the midterms, resetting crypto’s legislative path in Washington. Democratic control of Congress shifts the committee chairs and the agenda, putting figures like Elizabeth Warren in position to set the terms of the crypto oversight debate. The industry’s lobbying playbook, written for a Republican-friendly environment, needs an urgent rewrite. cryptobriefing

Warren, incoming Senate Banking chair, targets prediction markets and Trump-linked crypto businesses. An aide said Trump family crypto ventures should start preserving documents as Warren prepares oversight hearings; her first stated area of inquiry is prediction markets and their proximity to White House principals. Coinbase, Kalshi and Payward are simultaneously filing an amicus brief defending CFTC authority over single-stock perpetual futures, a separate but related legal front. See On the Hill for the full perps story. decrypt coindesk theblock cointelegraph_regulation

CFTC separately warns Kalshi of imminent charges over contract notification failures. The regulator says the problem involves procedural errors on a handful of contracts, many of which were not live, according to Politico’s reporting. The timing is awkward given Kalshi is simultaneously backing the CFTC in the perps lawsuit. cointelegraph_regulation

Poland’s lower house passes a sanctions bill that includes crypto asset freezes. The legislation broadens the grounds for adding individuals and entities to Poland’s national sanctions list and now moves to the Senate. It is part of a broader European pattern of extending traditional sanctions tools to cover digital assets. cointelegraph_regulation

What else is grinding?

• Microsoft’s Patch Tuesday fixed nearly 1,100 vulnerabilities including a zero-day in Outlook, relevant for any team running Windows-adjacent key management or custody infrastructure. krebsonsecurity
• Vitalik Buterin publicly repositioned ETH as a store of value, a notable rhetorical shift away from the “ultrasound money” framing that dominated the last cycle. decrypt
• Grayscale pledged $1 million in ETF fee proceeds to Zcash ecosystem nonprofits and launched a national ad campaign even as ZEC fell 12% and the ETF continued to bleed outflows. theblock decrypt
• Canaan’s Q3 mining hardware revenue collapsed 90% to $14.5 million, though derivatives gains kept the company nominally profitable at $8 million net income. theblock
• Jupiter, Solana’s dominant DEX aggregator, is launching token baskets, yield vaults and a portfolio product ahead of Solana Breakpoint, expanding well beyond its routing origins. decrypt
• Walt, the crypto wallet that grew inside Telegram, launched a standalone trading app as it rebrands away from its Telegram-only identity. theblock coindesk

Last sip. Whether Democrats legislate a tighter crypto framework or simply use oversight hearings as a pressure tool remains the question that everything else in Washington is waiting on.