The two largest US prediction markets no longer share an adviser. Kalshi has ended its advisory contract with Donald Trump Jr. after his venture firm 1789 Capital increased its stake in rival Polymarket.

Kalshi described the split as mutual and said talks to end the role began in August, once 1789 led Polymarket's latest funding round. The company credited Trump Jr. with helping it market Kalshi to more customers.

That round raised $1B at a reported $21B valuation, with 1789 Capital contributing about $300M on top of a roughly $200M earlier investment.

The exit removes a direct conflict of interest as Kalshi and Polymarket compete for the same US users.

Two weeks after the largest crypto heist on record, which the FBI attributed to North Korea, the exchange has completed coverage of all affected user assets and released a fresh Proof of Reserves snapshot.

Binance committed more than $6.34 billion in company funds to cover the losses, buying back affected tokens through market and OTC channels.

The money came from a partial deployment of the SAFU fund, part of the Futures insurance fund above its required level, and the corporate treasury. Binance says it will replenish SAFU back to roughly $1 billion.

The new snapshot, taken on November 12 at 00:00 UTC, covers 198 tokens. The full zero-knowledge proof needs 40 to 50 hours to generate, after which holders can verify 1:1 backing. Withdrawals keep reopening in phases.

Between March 2025 and April 2026, a flaw in the plugin SafePal used to track orders exposed the names, emails and home addresses of nearly 40,000 hardware wallet buyers. That data is now being used in physical phishing letters sent to Italian SafePal customers.

The letters are printed on quality paper and claim a firmware security issue was found in already shipped wallets. A QR code at the bottom leads through an Arweave link to a fake SafePal site, which shows each victim's real name, address and order details.

Every link in the letters is personalized with the recipient's order data, making the scam far harder to spot than generic phishing.

SafePal has confirmed that phishing attempts using the leaked data have been ongoing for some time. Nothing in the letters is genuine: recipients should discard them and report the attempt to SafePal and the police.

A hardware implant first reported in October in a Trezor Safe 5 sold by reseller CryptoBilis has now been traced to more devices, per Trezor's update on the CryptoBilis investigation. Of 48 buyers who came forward, three had wallets with the implant, all bought between 20 August and 23 September 2026 via CryptoBilis's Tokopedia and Shopee stores or directly.

The implant is an extra circuit board fitted between the main board and the screen. It copies everything displayed, recognizes recovery words and passphrases, encrypts them and sends them over the mobile network to an attacker-controlled server, retrying until it connects. It never touches the firmware or the Secure Element.

Firmware 2.13.1, released on 11 November, stops the known implants from capturing anything, and Trezor cut its reseller network by about 80% under stricter supply-chain rules.

No customer has reported losing funds, and no implants were found in other resellers' devices or other Trezor models. CryptoBilis buyers are still told to move funds to a new wallet with a new seed, since the update cannot protect a backup captured earlier. Anyone who bought from CryptoBilis since March 2026 can get a replacement device.

Anchorage Digital Bank, the federally chartered crypto bank that issues USDPT for Western Union, is partnering with Visa to support its stablecoins as native settlement assets on the Visa network.

Visa and eligible partners can now use USDPT to settle their VisaNet obligations. USDPT is the first Anchorage-issued token supported, and the deal sets a framework to add more stablecoins later. Anchorage also issues USAT (Tether), USDtb (Ethena Labs), fUSD (Falcon Finance) and ZLUSD (Zelle).

USDPT launched on Solana in May, with Fireblocks providing wallet and settlement infrastructure. Western Union rolled it out first in the Philippines and Bolivia, with plans for 24/7 settlement across its network of more than 200 countries.

The move gives Visa partners another bank-issued stablecoin option for settlement, alongside Anchorage's Atlas network for counterparty settlement.

Users of Indian exchange Unocoin have been locked out since November 9, and the incident has now reached custody: the exchange spotted outgoing transactions from an ETH address in its BitGo wallet infrastructure. The address was used to fund ERC-20 tokens, and BitGo has opened its own investigation.

Unocoin first detected unauthorized server access on November 6 and froze its enterprise accounts at BitGo and Fireblocks the same day. Further unauthorized activity on November 9 led it to suspend all logins and services. The exchange has not disclosed how much ETH moved or where it went, saying the account freeze prevents it from viewing all of the transactions.

Unocoin says more than 90% of user crypto sits in cold storage and that no user funds have been lost.

The exchange is rebuilding its server infrastructure from scratch, a process expected to take 4 to 5 business days. The cause of the breach, its full impact and any data exposure remain under investigation, and no comprehensive incident report has been published yet.

Tether's gold-backed token now has the same Big Four sign-off as USDT. KPMG U.S. issued an unqualified audit opinion on the 2025 financial statements of TG Commodities, the issuer of Tether Gold (XAUT), following its August audit of USDT issuer Tether International.

Auditors physically counted and inspected every gold bar backing the token instead of relying only on custodian confirmations. The gold sits in Swiss vaults and meets London Good Delivery standards.

As of December 31, 2025, TG Commodities held 520,089.35 troy ounces of allocated gold worth $2.246B against 520,089.30 XAUT in issue.

An unqualified opinion is issued without reservations or caveats. Tether says the figures match its quarterly reserve reports and that audits will extend across the rest of the group.

A month after USDGO made its DeFi debut on Solana through trading liquidity, Jupiter has added a dedicated lending market for the stablecoin on Jupiter Lend. Users can now supply USDGO to earn yield or borrow it against their crypto collateral.

USDGO is issued by Anchorage Digital Bank and operated and distributed by Hong Kong-listed OSL Group. It is backed 1:1 by high-quality liquid assets, including US Treasuries, and is third-party audited.

The market is also integrated into Bitget Wallet's self-custodial app, which serves 100 million users.

The first phase, launched on October 12, brought USDGO trading liquidity through Jupiter Lend's Smart Vaults, powered by Fluid's Liquidity as a Service infrastructure. The new credit market is the second phase, as regulated stablecoin issuers push their tokens deeper into onchain lending.

SoFi Bank's dollar stablecoin, the first issued by a US national bank, has expanded to Polygon Open Money Stack, adding a third network after Ethereum and Solana. The token launched late last year and is redeemable one-to-one for US dollars.

SoFi's more than 17 million members can buy, sell, hold and convert SoFiUSD on Polygon directly in the SoFi app, without a separate crypto wallet or manual bridging. On Open Money Stack it sits alongside USDC, USDT and PayPal's PYUSD, with fiat on- and off-ramps, embedded wallets and cross-chain settlement in one integration.

Polygon says it has processed more than $3 trillion in lifetime stablecoin transfer volume, with Visa, Mastercard and Stripe already using it for settlement.

SoFi Bank is regulated by the OCC, and SoFiUSD already settles the company's entire card program over Mastercard's network. The token is a payment stablecoin, not a bank deposit, and is not FDIC- or SIPC-insured.

Tokenized funds move onchain around the clock, but redemptions still wait for banking hours. Securitize and Ethena Labs have now switched on a liquidity facility for BlackRock's BUIDL fund that lets eligible investors swap BUIDL for stablecoins, including USDC, and back again outside traditional market hours.

The facility starts with $50M in liquidity ($25M in USDC and $25M in BUIDL), with another $50M available within an hour as it is used, for $100M in total capacity.

The launch delivers on a framework first announced in June as part of an expanded Ethena and BlackRock collaboration. Ethena supports the facility, while Securitize operates it. BUIDL also backs most of USDtb, Ethena's digital dollar product.

The facility is aimed at weekend liquidity for institutions, though availability and amounts are not guaranteed and terms can be changed or suspended.