The Nasdaq-listed miner co-founded by Eric Trump published its third-quarter 2026 results on November 4, reporting net income of about $126M after a $57.2M net loss in Q2. Adjusted EBITDA reached about $221M, compared with a $45M loss a quarter earlier.

Bitcoin holdings rose about 5% to roughly 8,427 BTC, up about 425 BTC in a single quarter, without ATM share sales or BTC purchases.

The operating side was weaker. Mining revenue slipped to $63.4M from $67.0M, output fell to about 891 BTC from 932, and cost to mine climbed to about $42,100 per BTC from $36,500 on higher seasonal power costs. Gross margin narrowed to about 41% from 49%.

The company runs about 89,242 owned miners with 28.1 EH/s of capacity. Around 3,090 BTC of the reserve is pledged under miner purchase agreements with Bitmain.

The unauthorized changes to trade.xyz documentation on November 2 came from a compromise of GitBook itself, the Hyperliquid perps platform said. Its internal review found no breach of trade.xyz infrastructure, and the team will move its docs off GitBook in the coming days.

In its post mortem, GitBook said the attacker abused a flaw in its SSO login flow to impersonate staff, reached internal repositories and a Cloudflare API key, and from there obtained production secrets. The attacker had access for about 2 hours 45 minutes on November 2 and about 40 minutes on November 3.

GitBook took its platform offline for about 16 hours, rotated every production and customer-managed secret, and revoked all API tokens issued before the cutoff.

GitBook said the activity focused on a single customer but treats all customer data as exposed, including API and integration tokens. Users were told to avoid links in the trade.xyz docs during the investigation, a reminder that hosted documentation is a phishing vector for DeFi front ends.

Riot started 2026 with 18,005 BTC and had 2,418 by Sep 30. Today it leased its whole Corsicana campus, 910 MW, to a frontier AI lab for 15 years and ~$28B. Its AI book is now $38B.

7 miners reported $4.5B+ of bitcoin sold this year, and 9 hold $155B+ in AI and HPC contracts. TeraWulf and IREN sell every coin they mine.

Not every stack is shrinking. CleanSpark grew its stack to 13,530 BTC and still signed a $6.6B lease with Meta. American Bitcoin keeps stacking (+48%). MARA sold 23,093 BTC in H1 to cut debt and has no AI lease yet. IREN already earns more from AI cloud than from mining.

The $6.34B Binance breach from October 29 has now reached Solana privacy tooling. On November 3 an address linked to the attacker deposited 8,567 SOL into Privacy Cash pools, and the team responded by pausing new deposits and tightening its wallet screening.

Withdrawals remain open during the pause, so existing users can still exit. Privacy Cash, which says it has processed over $600M for more than 170K users, has not set a date for resuming deposits.

Roughly $3.18B still sits in theft-linked addresses, mostly in ETH and BTC, while $2.85B has been frozen or seized.

The pause limits further mixing through one venue, but laundering of the stolen funds already spans about 12,000 wallets on 11 blockchains, including Bitcoin CoinJoin rounds and cross-chain bridges out of Tron.

Every perpetual on Hyperliquid has so far paid out along a straight line. Paragon is adding a family of curved-payoff perps, starting with HYPE², a contract that tracks the price of HYPE raised to the second power.

If the underlying doubles, a squared index reaches 4x its starting value and a cubed index 8x. Gains accelerate as the market rises and losses shrink as it falls, giving options-like convexity without strikes or expirations.

Each underlying and power trades in a single order book, so liquidity is not split across an options chain and there is no scheduled roll. Portfolio margin keeps spot, linear perps and power perps in one cross-margined account, and market makers hedge in existing Hyperliquid spot and perp markets.

Paired with linear perps, the contracts can approximate straddles, risk reversals and covered calls over a given price range. Paragon plans to ship a small set of ready-made directional and yield strategies at launch. The concept follows Opyn's Squeeth, an ETH² instrument that traded through a Uniswap v3 AMM.

Wallets and trading apps on Hyperliquid take a cut of every trade through builder codes. From Oct 5 to Nov 3 they made $11.7M, 12% more than the month before.

Four apps took 57% of it: MetaMask $2.02M, fomo $1.63M, Trust Wallet $1.52M and Phantom $1.44M. MetaMask charges 0.1% per trade, the maximum Hyperliquid allows, and still earns the most. The fastest climber is HyperDash: $697K, a 2.4x in one month at 0.015% per trade.

These apps now route 13.2% of Hyperliquid perps volume, up from 8% in summer.

Less than a week after its record $6.3B security incident, Binance has now covered approximately 98% of the impacted amount from its own resources, up from 90% on October 31. The remaining tokens are still being bought through market and OTC channels.

Purchases for the last 2% are expected to be slower because those tokens are less liquid. The exchange says it has set aside more than 100% of the funds needed to cover the losses, so users do not bear the cost.

A new Proof of Reserves snapshot taken on November 4 at 00:00 UTC covers 44 tokens, up from 10 in the previous one.

Generating the full zero-knowledge proof is expected to take about 50 to 60 hours. Once it is ready, holders of any covered token will be able to independently verify that their balances are backed at least 1:1, while withdrawals keep reopening in phases.

The bitcoin miner is turning its Corsicana campus in Texas into AI infrastructure. In its third quarter 2026 results, Riot disclosed a 15-year triple-net powered land lease with an unnamed frontier AI lab covering the full site, 910 MW of critical IT capacity.

The deal is worth about $28 billion over the initial term, or roughly $1.8 billion in average annual rent, and up to about $54 billion if both five-year extensions are exercised. Capacity will be delivered in three phases between September 2027 and July 2028. Riot now has 1,151 MW leased and about $38 billion of contracted data center revenue.

Riot sold 20,264 BTC in the first nine months of 2026 for about $1.5 billion, mainly to fund data center development, leaving 2,418 BTC on its balance sheet.

Quarterly revenue came in at $181.4 million. Bitcoin mining revenue fell to $116.0 million from $160.8 million a year earlier on a lower average BTC price, even as production rose 16% to 1,637 BTC. The company also repaid and terminated its $200 million Coinbase credit facility.

London-based Schroders, which managed about $1.1 trillion in assets as of June, is bringing an emerging markets bond strategy to the Solana blockchain, working with tokenization platform Centrifuge.

The product tokenizes the Schroder International Selection Fund Emerging Market Bonds. It is structured as a feeder fund with an onchain share class: investors hold tokenized shares of the feeder, which invests in the Schroders fund, rather than holding Schroders fund shares directly.

The launch follows Schroders' first tokenized product, Schroders Onchain Active Returns (SOAR), a tokenized US dollar money market fund share class that received Irish regulatory approval in August.

The move adds Schroders to the list of TradFi asset managers putting funds onchain, with Solana competing for tokenized fund issuance against other networks.

This week's theme: the boring parts of finance. Loans with no collateral, a stablecoin till on your phone, a budget your AI agent cannot overspend.

9 early-stage projects, from credit backed by apartment buildings to a will for your crypto.