Crypto Briefs — Friday, November 13, 2026
LayerZero Post-Mortem Ties $292M Kelp Exploit to Downgraded DVN Setup
The Defiant reports that a May 18 LayerZero incident report says Kelp's bridge configuration was downgraded from a 2-of-2 to a 1-of-1 DVN before a $292M exploit. The post-mortem attributes the six-week breach to the North Korean group TraderTraitor and sets a new 3-of-3 DVN protocol default. Kelp states that LayerZero approved the configuration and that it has migrated rsETH bridging to Chainlink.
U.S. Treasury Develops New Custody Framework for Government-Held Bitcoin
According to Crypto Briefing, the U.S. Treasury is developing a new custody framework for Bitcoin held by the government, intended to replace existing informal practices. The publication says the framework could improve security and regulatory clarity, which may in turn boost institutional confidence in cryptocurrency markets. The report is a brief summary, and details of the framework's structure and timeline were not included in the excerpt.
Circle and Global Citizen Plan USDC Vendor Payments for Move Afrika
According to NewsBTC, Circle and Global Citizen intend to introduce USDC payments for participating vendors of Move Afrika in Rwanda in 2027. The initiative would be paired with practical financial education for those vendors. The report describes it as a planned deployment rather than an active program.
DOJ Secures Court Authority to Seize $1.2B in North Korea-Linked Binance Crypto
According to Bitcoin Magazine, the U.S. Department of Justice has won court authority to seize $1.2 billion in cryptocurrency stolen by North Korea that was tied to Binance. The report also says the DOJ took down a $400 million deepfake theft scheme, and that total frozen assets now exceed $2.7 billion. The article is a single-outlet report, and the seizure and freeze figures are presented as the outlet's own reporting.
Aave User Loses $305,000 in Across Protocol Website Hijack
CryptoSlate reports that an Aave user lost about $305,000 from a single deposit token following a hijack of the Across Protocol website. Citing a November 12 update from Bitquery, the outlet estimates total losses of $401,900 across nine wallets. The incident highlights front-end compromise as a distinct risk for DeFi users, even when the underlying smart contracts are not exploited.
Arkham Partners With FUTU Holdings to Bring Whale Signal to Futu and moomoo
Crypto Briefing reports that blockchain intelligence platform Arkham has partnered with FUTU Holdings to integrate its Whale Signal feature into the Futu and moomoo trading apps. According to the source, the integration could give retail investors access to advanced crypto market insights previously available mainly to more sophisticated users. The article provides no financial terms or user figures for the partnership.
Bitcoin Falls to $70,600 as Four-Week Losses Deepen
According to The Defiant, bitcoin declined to $70,600 as its four-week losses deepened. Coinbase also recorded a fresh 28-day low on Thursday evening. The outlet reported that ether continued to underperform bitcoin over matched one- and four-week windows.
CoW Swap Expands to Solana With NEAR Intents Backend
CoW Swap, an intent-based decentralized exchange, is launching on the Solana blockchain, according to The Defiant. The expansion uses NEAR Intents to provide the backend infrastructure for the service. The report does not specify a launch date or trading volume targets.
Bitcoin ETF Outflows Lead $1B Crypto Investment Product Selloff
CryptoSlate reports that CoinShares recorded over $1 billion in outflows from digital asset investment products last week, the first negative week in seven. The article frames the Bitcoin ETF outflows as either a temporary capital retreat or the start of a broader institutional de-risking cycle, following a macro shock. The source's full text was truncated, so further details are not covered in this brief.
Raoul Pal Says AI and Crypto Are Reshaping Global Economy
Real Vision founder Raoul Pal said in a CoinDesk interview that humanity is entering an "exponential age" in which artificial intelligence, crypto and tokenization could reshape finance, labor and culture. Pal argued the pace of change is faster than most people expect. The remarks are a single commentator's views rather than a reported market development.
Bitcoin Holds Near $77,000 as Traders Await FOMC Minutes
CoinDesk's live markets coverage reports that Bitcoin has fallen more than 4% over the past week but has traded within a very tight range around $77,000 for the last three days. The report says crypto prices remain flat ahead of the release of FOMC minutes and Nvidia earnings. The source frames the period as one of subdued volatility while traders weigh macro catalysts.
JPMorgan Blocks Some AI Agent Purchases on Chase Cards
Crypto Briefing reports that JPMorgan has restricted certain purchases made by AI agents using Chase cards, as merchants have raised concerns. The article frames the restrictions as highlighting the need for secure, standardized payment systems that affect merchants and developers. The source's full details on scope and rationale were not captured in the feed excerpt.
TRM Labs Launches Beacon Concierge to Speed Police Crypto Freezes
According to Crypto Briefing, blockchain analytics firm TRM Labs has launched Beacon Concierge, a tool intended to help global law enforcement agencies move quickly to freeze illicit cryptocurrency. The report says the product is meant to strengthen authorities' capacity to act against crypto-enabled crime. The article is brief and gives no figures on freezes, partner agencies, or adoption.
Fairshake Super PAC Claims Sweep in Southern Primary Races
CoinDesk reports that Fairshake, the leading crypto-industry super PAC, spent heavily in Southern primaries and claimed a "6-0 sweep" across Kentucky, Alabama and Georgia. The article notes that one major race will proceed to a runoff. The report frames the results as a test of crypto industry influence in US elections.
ASA Urges Court to Halt Single-Stock Perpetuals Over Retail Risk
The American Securities Association is backing a request to halt trading in single-stock perpetual contracts, according to NewsBTC. The group argues that harm to retail investors strengthens the case for interim court relief. The report does not specify the court proceeding or a timeline for a ruling.
Foundation's QuantumLink Adds Post-Quantum Encryption to Hardware Wallet Bluetooth
According to Crypto Briefing, Zach Herbert explains Foundation's QuantumLink, a post-quantum Bluetooth connection designed for hardware wallets. The source says the integration of post-quantum encryption could set new security standards for hardware wallets while preserving wireless connectivity. The report is based on the article's brief description and does not include technical specifications or independent verification.
Node NBO Opens Bitcoin, Energy and Compute Hub in Nairobi, Kenya
Bitcoin Magazine reports that Node NBO, a physical Bitcoin space described as the newest of its kind, opened in Nairobi, Kenya, on May 16, 2026. The hub is positioned as a combined Bitcoin, energy and compute facility. The report is a brief announcement and does not include details on operators, funding or scope.
Truth Social Withdraws Crypto ETF; Seyffart Questions Stated Reasoning
CryptoPotato reports that Trump-linked Truth Social has suddenly withdrawn a crypto ETF filing. Analyst James Seyffart doubts the reasons behind the exit and suggests rising competition, including Morgan Stanley's low-fee MSBT product, may have influenced the decision. The article is single-sourced and does not confirm the company's stated rationale.
Ethlabs Urges Ethereum to Prioritise Quantum Protection in 2027
Ethlabs, a research and development group focused on Ethereum, has called for quantum resistance to be a priority in Ethereum's 2027 upgrade cycle, according to NewsBTC. The proposal has opened a debate over how far the network's next upgrades should extend beyond their current scope. The report does not specify technical details or a formal governance timeline for the proposed changes.
$105 Million in Crypto Long Positions Liquidated in One Hour
Crypto Briefing reports that approximately $105 million in leveraged long positions were liquidated within a single hour. The publication says the rapid unwinding illustrates the risks of leverage and may signal a shift in market sentiment and heightened volatility. The brief relies on a single outlet's reporting and does not identify the exchanges or specific assets involved.
Circle to Hand USDC Reserve Safeguards to EU Regulators by November 12
According to CryptoSlate, Circle has disclosed November 12 as the handover date for USDC financial safeguards to EU regulators. France's ACPR is reported to retain governance responsibilities. The source notes the arrangement could lead to higher fees for users, though the article summary available here does not detail the magnitude of any increase.
Bitcoin Falls Below $70,000 as Crypto Selloff Deepens
According to CoinDesk, the crypto market selloff accelerated early Friday, with bitcoin dropping below $70,000 and ether trading under $2,000. The decline triggered large liquidations in crypto futures markets, according to the report. The article does not attribute the move to a specific catalyst.
Two Altcoins Post Double-Digit Gains as Bitcoin Reclaims $77K
According to CryptoPotato's market watch, two altcoins posted double-digit gains as Bitcoin reclaimed the $77,000 level. The same report says STABLE recorded the steepest 24-hour decline, followed by TON and XLM. The piece offers a snapshot of short-term altcoin performance rather than identifying a single catalyst.
XRP Exchange Flows Shift as Withdrawals Outpace Deposits
CryptoPotato reports that XRP deposit dominance on Bybit has faded significantly. The outlet also notes that withdrawal transactions have overtaken deposits on Binance and Coinbase during the latest exchange rotation. The article frames these exchange flow changes as a bullish shift following several weeks of heavy XRP sell-offs.
Zcash Rallies Over 80% in 30 Days as Privacy Coins Outperform
NewsBTC reports that Zcash (ZEC) climbed more than 80% over 30 days while the total crypto market capitalization rose only 0.2% over the same period. The article cites BitMEX co-founder Arthur Hayes's long-term view that ZEC could reach 10% of Bitcoin's market capitalization, which would imply a price of roughly $8,000 to $10,000 on a circulating supply of about 16 million tokens. Technical traders cite a possible cup-and-handle pattern with resistance near $625 to $650, though the article notes this is subjective and not a confirmed target.
Bitcoin Falls Below $69K as $1.4B in Liquidations Hit XRP and ETH
According to CryptoPotato, Bitcoin's price dropped below $69,000 as liquidations across the market exceeded $1.4 billion. Ether slid toward $1,900, while XRP was reported close to breaking below $1.00. The report describes broad selling pressure across major digital assets, though the source's specific liquidation breakdown by exchange was not detailed in the summary provided.
AllUnity Plans Swedish Krona Stablecoin SEKAU for June Debut
According to CoinDesk, Germany's AllUnity, a firm backed by DWS and Galaxy, plans to launch SEKAU, a Swedish krona-pegged stablecoin, with a June debut targeted. The report says the project is part of a broader European push to build regulated, local-currency alternatives to U.S. dollar stablecoins. CoinDesk also reports that AllUnity is expanding into AI agentic payments.
Bitfinex Bitcoin Margin Longs Hit 2.5-Year High Amid Five-Day Slide
According to CoinDesk, margin long positions on the Bitfinex exchange have climbed to a two-and-a-half-year high while bitcoin has struggled below technical resistance near $78,000 over a five-day decline. The report indicates traders are doubling down on bullish exposure during the pullback. Rising leveraged long interest during a drawdown is a signal of trader conviction, though it can also increase exposure to forced liquidations if prices fall further.
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