Author: James Wilson

Poland’s lower house has passed a sanctions bill covering cryptocurrency freezes by 240 votes to 202, sending the proposal to the Senate for consideration. Summary Lawmakers approved the sanctions proposal on Nov. 6, with one abstention and 17 members not voting. Crypto holdings would fall within financial assets subject to freezes involving designated people and companies. Court challenges would not automatically stop restrictions imposed through the interior minister’s sanctions list. The proposal addresses sanctions enforcement, while Poland’s separate crypto licensing legislation remains caught in a political dispute. The Sejm’s voting record shows that lawmakers approved the government-backed Act on Restrictive…

Deutsche Bank has added a January interest rate hike to its forecast after October’s hotter-than-expected US inflation report, putting three consecutive quarter-point moves on its expected path through March 2027. Summary Deutsche Bank now expects quarter-point Fed hikes in December, January and March, reaching 4.50%–4.75%. October consumer prices rose 0.4%, while core inflation held at 0.3% for a third month. US Bitcoin and Ether ETFs lost a combined $1.65 billion during November’s first trading week. Bitget Wallet analysts have tied a lasting Bitcoin recovery to stronger spot demand and ETF inflows. Reuters reported on Nov. 10 that the bank had…

Bitcoin’s publicly exposed supply has reached 7.12 million BTC, or 35.4% of issued coins, according to Glassnode, renewing discussion about which holdings a future quantum computer could target. Summary Glassnode puts Bitcoin held behind visible public keys at 7.12 million BTC. Address reuse accounts for 25.8% of supply, including 11.6% held on exchanges. Bitcoin’s quantum proposals remain drafts, with separate plans for exposure reduction and signature migration. Glassnode said in its Nov. 10 X post that more than a third of Bitcoin’s supply now has a visible public key, publishing a chart that separates exposure by address type and reuse.…

Crypto debit card failures have exposed how little control some wallet and fintech brands hold over their payment services, with a $1.1 million Rain contract exploit illustrating the risks of shared infrastructure. Summary Shared banks, processors, and middleware can leave separate card brands exposed to the same failure. Rain’s August exploit targeted funded card balances, leaving customers’ personal wallets and private keys untouched. MNEE App CEO Ron Tarter recommends direct bank relationships and independently accessible customer records. US deposit insurance covers eligible bank deposits against bank failure, not a fintech provider’s collapse. Ron Tarter, co-founder and CEO of MNEE App,…

HIVE Digital Technologies has added 79 Bitcoin to its treasury during the September quarter, lifting its holdings to 269 BTC while Riot Platforms and CleanSpark have reduced their reserves. Summary HIVE added 79 BTC to its treasury while selling roughly 93% of quarterly mining production. Riot sold 10,599 BTC during Q3 as Bitcoin sales helped finance data center development. CleanSpark sold or delivered 2,102 BTC against production of 1,708 BTC across July through September. HIVE’s HPC revenue reached $8.8 million, with GPU financing supporting its planned AI deployments. HIVE’s SEC filing, released alongside its Nov. 9 results, recorded 269 BTC…

Goldman Sachs, Citi, Santander, and Deutsche Bank have joined financial firms committing around $270 million to a planned U.S. dollar stablecoin venture, according to Bloomberg’s Nov. 10 report. Summary Banks have committed funding to cover the planned stablecoin issuer’s first five years of operations. Twenty-one financial institutions joined the consortium, which targets a launch in the first half of 2027. Dollar issuance would come first, with a euro stablecoin identified as a priority for expansion. U.S. regulatory plans include reserve, redemption, custody, and capital requirements under the GENIUS Act. Bloomberg reported, citing people familiar with the matter, that the funding…

Visa has added Monad to its stablecoin settlement program, which now processes payments at an annualized pace of more than $25 billion. Summary Monad now supports stablecoin settlement of Visa obligations for participating issuers and acquirers. Visa reported a settlement run rate above $25 billion during its October earnings call. Private Settlement remains a proposed Monad feature, with institutional access controls built into its design. Monad confirmed the integration in a Nov. 10 post, saying participating issuers and acquirers can now settle their Visa obligations in stablecoins on the network. The announcement covers the movement of funds between payment institutions…

Moody’s Ratings has completed a Chainlink-powered pilot to distribute credit ratings across multiple blockchains simultaneously, testing how its credit information could reach tokenized markets without changing established publication processes. Summary Moody’s tested simultaneous ratings distribution across permissioned and permissionless blockchain networks using Chainlink CCIP. Representative test data was used, with no actual rating actions published onchain. TIE had already reached Canton and Solana before the latest cross-chain pilot. Participating networks, issuers, and a production launch date were not disclosed. Chainlink said in its Nov. 10 announcement that the project connected Moody’s Ratings Token Integration Engine, known as TIE, with its…

The XRP Ledger Foundation has outlined a proposal to introduce quantum-resistant account signatures using the ML-DSA-44 standard, allowing XRP holders to replace vulnerable signing keys without paying higher base transaction fees. Summary XRP Ledger proposes ML-DSA-44 signatures to protect accounts against potential future quantum computing attacks on cryptography. Account owners could replace their signing keys and disable vulnerable master keys without changing addresses. The proposal retains existing base transaction fees despite substantially larger public keys and digital signatures. Ripple targets a full quantum-resistant transition by 2028, subject to testing, development and validator approval. The Foundation estimates review, auditing and implementation…

Initia has halted its layer-1 blockchain for the second time in less than three weeks after attackers used compromised rollup infrastructure keys to carry out unauthorized transfers, while its native INIT token gained more than 60%. Summary Initia halted its layer-1 blockchain at 06:18 UTC on November 10 following unauthorized escrow transfers. Compromised rollup infrastructure keys allegedly enabled attackers to fabricate IBC transfers from affected escrow accounts. Initia reported approximately $615,000 in unauthorized transfers, while CertiK identified roughly $636,000 across 16 transactions. INIT gained 61.31% over 24 hours, with trading volume reaching approximately $84.81 million, CoinGecko reported. The November incident…