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The votes are in. Now what for crypto legislation?
The Capitol Crypto Forum on November 19 is the first gathering of lawmakers, regulators, and industry leaders since the midterms.
Don’t miss it 👇
capitolcryptoforum2026.splas…
UPDATE: NEAR AI said in its latest security incident report that it has contained unauthorized access to part of its infrastructure after an attacker exploited a remote code execution vulnerability in the SGLang inference engine.
The company closed the access, rotated affected credentials, patched the flaw across its servers, and restored service to NEAR AI Cloud.
THE BLOCK: Initia halted its L1 blockchain after unauthorized transfers drained approximately $605,000 in USDC from rollup escrow accounts.
The team said compromised infrastructure keys were used to fabricate IBC transfers. About $10,000 in other tokens also left the network before the halt.
THE BLOCK: BitGo reported Q3 2026 revenue of $2.85 billion, down 50.9% year-over-year and 34.1% sequentially, driven by weaker digital asset trading activity.
Net income grew 94% year-over-year to $44.1 million, primarily due to a $71.5 million unrealized gain on its digital asset treasury. Adjusted EBITDA was a $4.3 million loss. $BTGO
THE BLOCK: A group of crypto firms — Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading, and Paradigm — asked the court for permission to file an amicus brief defending the CFTC's authority to regulate single-stock perpetual futures in the US. $COIN
The brief comes in response to a lawsuit by the Capital Markets Alliance Association (members include Cboe and Citadel Securities) seeking to overturn the CFTC's approval of the products. A decision upholding the approvals would help preserve the path for these firms to offer or expand the products onshore.
THE BLOCK: US spot bitcoin ETFs recorded $201 million in net outflows on Monday, led by $213.2 million exiting BlackRock's IBIT.
Spot ether ETFs posted $184.5 million in net outflows, while spot XRP, Solana, and HYPE ETFs also recorded net outflows for the day. bitcoin:native ethereum:native hyperliquid:native
THE BLOCK: MEXC CEO Vugar Usi said the company has established communication with the US Treasury's FinCEN and that the exchange is ready to cooperate with the investigation.
Last week, FinCEN ordered that US financial institutions stop processing transfers involving crypto exchange MEXC Global, alleging the platform facilitated at least $16 billion in illicit transactions linked to Iran, North Korea, and Russia.
THE BLOCK: Trump Media and Technology Group, the company behind Truth Social, reported a net income of $409.7 million in Q3 compared with a net loss of $54.8 million a year earlier. $DJT
A bulk of its profits came from non-cash realized and unrealized gains on digital assets, pledged digital assets, and related securities. It held roughly 15,649 BTC at the end of September.
THE BLOCK: Strive CIO Ben Werkman said bitcoin treasury firms must treat BTC Yield as a guiding KPI for equity issuance at premiums and preferred-backed purchases to grow bitcoin per share while balancing the interests of common and credit investors.
"It focuses execution, encourages strategic rather than reactive decision-making, and helps management understand whether the capital allocation decisions being made are enhancing or detracting from the overall vision," Werkman said. $ASST
THE BLOCK: Securitize reported Q3 revenue of $18.6 million, up 13% year over year, and a net loss of $66.3 million. The company also authorized a share repurchase program of up to $50 million.
Securitize said about 90% of the loss came from largely non-cash expenses and accounting charges. Average tokenized assets on its platform rose 39% to a record $5 billion. $SECZ
THE BLOCK: Securitize has agreed to acquire River One, an institutional asset-backed financing platform that connects stablecoin capital with traditional lending markets. Financial terms were not disclosed.
The acquisition will add asset-backed lending and warehouse financing capabilities to Securitize's tokenization platform. The deal is expected to close by the end of this year.
THE BLOCK: Securitize has agreed to acquire River One, an institutional asset-backed financing platform that connects stablecoin capital with traditional lending markets. Financial terms were not disclosed.
The acquisition will add asset-backed lending and warehouse financing capabilities to Securitize's tokenization platform. The deal is expected to close by the end of this year.
Will the midterms change the SEC’s innovation exemption?
@cpmontagano of @formation_so doesn’t think so. He says lawmakers on both sides who take the time to learn about the technology come away genuinely curious.
Excl: New tokenized stock venue eyes 2027 Solana launch nitter.gq/i/broadcasts/2rJqVZeQB…
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THE BLOCK: MARA Holdings reported Q3 net profit of $634.4 million, compared with $123.1 million a year earlier, despite revenue falling 35% year over year to $164.2 million.
Profit was driven largely by bitcoin appreciation, with the company recording nearly $885 million in fair-value gains on its digital assets and bitcoin receivables, while mining revenue declined as block reward income fell 37%.
Separately, $MARA said it sold 13,597 bitcoin for approximately $1.1 billion after the quarter ended, using $750 million to fully repay its bitcoin-collateralized loans.
