Daily Brief, 11 Nov 2026
The five stories that matter today, in two minutes.
2 min read
ELF
Image: The Block The Block1 min readStory 1 of 5
Bitmine reports $6.3 billion net loss in latest fiscal year, driven by 44% ether decline
Cryptocurrency mining firm Bitmine recorded a massive $6.3 billion net loss in its recent fiscal year. Official filings with the SEC reveal that nearly $6.23 billion of this total loss stemmed from unrealized fair value losses on its digital asset portfolio, driven primarily by a 44% decline in the price of ether.
Image: Cointelegraph Cointelegraph1 min read2 sourcesStory 2 of 5
Ava Labs exec says NYSE deal marks end of blockchain’s ‘general purpose era’
Ava Labs executive John Nahas stated that the firm's recent collaboration with the New York Stock Exchange signals the end of the general purpose era for blockchain technology. He emphasized that major traditional financial institutions are now moving past early experimental pilot projects to deploy purpose-built, dedicated onchain infrastructure designed specifically for financial market operations.
Image: Cointelegraph Cointelegraph1 min readStory 3 of 5
Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack
Initia has confirmed a second security exploit within three weeks, resulting in the theft of $3.27 million in crypto assets. The incident occurred after an attacker gained access using compromised cloud credentials. Initia halted its network following the breach, which successfully froze approximately $2.16 million of the stolen funds to limit further damage.
Image: Cointelegraph Cointelegraph1 min readStory 4 of 5
Across Protocol restores website after hackers hijack domain
Cross-chain bridge Across Protocol has successfully restored its website following a security breach. A social engineering attack directed at domain registrar Namecheap allowed malicious actors to compromise the domain. The hackers temporarily redirected visitors to a phishing site, but the protocol has resolved the issue to ensure secure access for its user base.
Image: The Block The Block1 min readStory 5 of 5
Tron Inc reports 22% rise in Q3 net income as unrealized staking revenue grows
Tron Inc published its third-quarter financial results for 2026, recording a 22% year-over-year increase in net income to $14.9 million. The company attributed the growth primarily to unrealized staking revenue. Additionally, net income for the first nine months of the year reached $39.4 million, marking a 203% surge compared to the prior period.
Brief quiz
Get all 3 right to earn 20 Kites
Question 1 of 3What drove nearly $6.23 billion of Bitmine's net loss in its latest fiscal year?
ETH
AVAX
INIT
TRXBitmine reports $6.3 billion net loss in latest fiscal year, driven by 44% ether decline
Cryptocurrency mining firm Bitmine recorded a massive $6.3 billion net loss in its recent fiscal year. Official filings with the SEC reveal that nearly $6.23 billion of this total loss stemmed from unrealized fair value losses on its digital asset portfolio, driven primarily by a 44% decline in the price of ether.
Ava Labs exec says NYSE deal marks end of blockchain’s ‘general purpose era’
Ava Labs executive John Nahas stated that the firm's recent collaboration with the New York Stock Exchange signals the end of the general purpose era for blockchain technology. He emphasized that major traditional financial institutions are now moving past early experimental pilot projects to deploy purpose-built, dedicated onchain infrastructure designed specifically for financial market operations.
Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack
Initia has confirmed a second security exploit within three weeks, resulting in the theft of $3.27 million in crypto assets. The incident occurred after an attacker gained access using compromised cloud credentials.
Across Protocol restores website after hackers hijack domain
Cross-chain bridge Across Protocol has successfully restored its website following a security breach. A social engineering attack directed at domain registrar Namecheap allowed malicious actors to compromise the domain.
Tron Inc reports 22% rise in Q3 net income as unrealized staking revenue grows
Tron Inc published its third-quarter financial results for 2026, recording a 22% year-over-year increase in net income to $14.9 million. The company attributed the growth primarily to unrealized staking revenue.
Brief quiz
Get all 3 right to earn 20 Kites
What drove nearly $6.23 billion of Bitmine's net loss in its latest fiscal year?
Get the brief every morning
Turn on Daily Brief notifications in the Kryptokite app.