According to ChainCatcher, Web3Auth has restored wallet access for users affected by a security incident involving a vulnerability in its infrastructure. The incident enabled unauthorized access to some embedded wallets created through Google or Apple sign-in, including Torus Wallet and wallets used by third-party apps such as Keplr. The affected funds are being held securely by the project, which is coordinating their return and expects to announce the process in the coming days. Recovery efforts are ongoing. Login and wallet access have resumed for existing users of Web3Auth Plug & Play and the Single Factor Auth (SFA) SDK, though some restrictions remain. Web3Auth SDK v9 and earlier versions have been deprecated, and developers must upgrade to v10 or v11. Existing SFA users can log in, but new registrations are temporarily restricted. Developers on the Sapphire network can enable new registrations by migrating to the latest SDK; the feature is planned to return on the Legacy network by November 23, 2026. Web3Auth warned users about impersonation scams offering asset recovery and advised them not to share seed phrases, private keys, or login credentials, or trust unsolicited recovery offers.

According to ChainCatcher citing CloverPool data, Bitcoin mining difficulty fell 9.13% at block height 975,744, dropping from 148.36 T to 134.82 T. This was the largest single decrease since a 10.09% reduction on June 14. The two previous adjustments raised difficulty by 5.54% on October 29 and 5.92% on October 16.

According to Jin10, the Financial Times reported that Bank of England Chief Economist Huw Pill said further rate increases may be needed in 2027, beyond the December hike. Pill said last week’s 25-basis-point increase to 4% was an important step toward a more appropriate monetary policy stance, but that there was still further to go. He cited the risk of second-round effects, with high energy costs feeding through to wages and businesses’ overall pricing, and said he expected evidence next year that would prompt further rate hikes. Pill said the Bank would take necessary measures to return inflation to its 2% target, adding that pressure to achieve it may now be greater. He said market expectations that the rate could approach 5% in 2027 were not unreasonable, and that the risks supported some of the rate increases priced in by markets, though he was reluctant to say whether they justified the full amount.

According to Jin10, the Bank of England's chief economist said the Bank should have raised interest rates before this month.

According to Jin10, the Bank of England's chief economist said delaying increases in borrowing costs would weaken the ability to raise rates in small increments.

Nvidia said it is still selecting a firm to search for a successor to ousted leader Jensen Huang and has not begun talks with potential chief executive candidates, tamping down speculation about who will run the chipmaker, Bloomberg reported. "We have not formally engaged with any potential candidates," Nvidia said in a statement. "Any speculation regarding individual candidates, whether internal or external, is premature." The statement followed a Financial Times report that the board had approached Arm Holdings Chief Executive Officer Rene Haas about the job. Arm shares fell nearly 10% in New York on Friday before paring the losses. Nvidia, the world's largest chipmaker, officially cut ties with Huang on Thursday over a widening scandal involving extramarital affairs and reports that he was targeted by a suspected Chinese spy. He ran the company for three decades and built it into the powerhouse at the centre of the AI computing boom.

According to Jin10, the Bank of England’s chief economist expressed concern that second-round effects could amplify inflation’s impact.

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