
Ether slump drives $6.2B unrealized loss at Bitmine.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

November 11, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

💵 Project Faro secures $270M to issue dollar stablecoin
🏦 Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide
⚖️ CFTC warns Kalshi of imminent charges over contract notifications
📰 Keep reading for all of today’s biggest headlines

Global banks commit $270M to stablecoin venture targeting 2027 launch

Project Faro, a bank-backed consortium including Goldman Sachs, Citigroup, BBVA and 21 financial institutions, has secured about $270 million to launch a US dollar stablecoin in the first half of 2027, with plans to issue stablecoins pegged to all G7 currencies and a euro-backed coin to follow. The funding is intended to cover five years of operations for the new US-incorporated company. Faro enters a market dominated by Tether’s USDT and Circle’s USDC, but its participating banks could leverage existing customers, payment networks and financial relationships to distribute the stablecoin, even as several members also back competing initiatives such as Open USD and Qivalis.

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Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide

The CFTC has warned Kalshi that it could soon face charges over whether the prediction-markets operator properly notified the agency about new contracts, according to Politico. The investigation has reportedly been underway for months and involves notifications for dozens of products, though Kalshi spokesperson Elisabeth Diana characterized the matter as a procedural error affecting a handful of contracts, many of which never went live, and said the company is already addressing it. The potential enforcement action comes as the CFTC seeks to assert exclusive authority over prediction markets, while Kalshi is separately backing the regulator in a legal fight over its authority.

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CFTC warns Kalshi of imminent charges over notification of contracts: Politico

Bitcoin’s ‘best buying opportunity ever’ has arrived: Mark Moss

Mark Moss, co-founder of the Bitcoin Opportunity Fund, says Wall Street banks and ETFs embracing Bitcoin have created the “best buying opportunity ever,” even as many investors still view it as a scam. Despite Bitcoin’s recent slide to around $74,000, he cites resilient selling pressure after the Binance hack and historical post-midterm gains, expecting a new record high in 2027.

Moss sees Strategy (MSTR) as the top publicly traded Bitcoin treasury company, but still prefers holding Bitcoin directly and would allocate only a small portfolio share to treasury stocks. His model suggests Bitcoin could reach $1 million by 2030 or 2032 if it captures a major share of global wealth while remaining secure and decentralized.