Crypto Industry News & Market Trends

Bitget resumes withdrawals following $387.5 million hack, but major test is still ahead for exchange and BGB

Cryptocurrency exchange Bitget has begun restoring withdrawal services following a $387.5 million hack. While the resumption of operations gives relief to clients, the financial impact of the breach will depend on how many users choose to withdraw their assets now that the service is back online. The exchange currently faces a test of its ability to meet this demand, while its native token, BGB, faces a test of market confidence in the platforms resilience.　　The exchange initially estimated losses at $351.6 million but later raised the figure to $387.5 million after accounting for additional transactions involving Zcash and TRON. According to Bitget, an attacker compromised the internal wallet infrastructure system and manipulated the data used to validate transfers. The exchange states that the vulnerability has been resolved and cold wallets remain unaffected, with investigations continuing in collaboration with Mandiant and SlowMist.　　Notably, the attacker didnt gain access to private keys. According to Roman Prudnikov, co-founder of Rubin, financial infrastructure for onchain economy, the cold reserves remained untouched because the hackers “manipulated the transaction history within the back-end system and triggered unauthorized withdrawals by exploiting a logic vulnerability”.　　Key security alone proves insufficient if the system accepts manipulated data as the basis for a

2 days agoIndustry

Strategy buys 1,665 Bitcoin amid renewed geopolitical tensions

Bitcoin (BTC) dropped below $84,000 on Monday as Strategy (MSTR) announced a fresh treasury purchase of $143 million last week, boosting its holdings to 847,666 BTC.　　Strategy adds 1,665 Bitcoin, repurchases preferred stock　　The company purchased 1,665 BTC for roughly $142.7 million, according to a filing with the Securities and Exchange Commission (SEC) on Monday. The latest purchase brings its total Bitcoin holdings to 847,666 BTC, acquired at an aggregate purchase price of $63.95 billion.　　Strategy primarily funded the latest Bitcoin acquisition through proceeds from its at-the-market (ATM) offering program. The company sold 1.4 million shares of its MSTR stock, generating approximately $246.2 million in net proceeds. It allocated $142.7 million to its BTC acquisition and used the remaining $103.5 million to support STRC repurchases.　　Discover more　　Financial literacy course　　News　　investments　　Strategy deployed an additional $48.1 million from its USD Cash balance to fund a total buyback of 1.5 million STRC shares for an aggregate purchase price of roughly $151.7 million. Following the latest transaction, approximately $723.5 million remains available under Strategys authorization for repurchases of its digital credit securities.　　The company also reported a USD Reserve of about $5.02 billion and a USD Cash balance of approximately $1 billion.　　MSTR is down 1.2% following the announcement, with the

2 days agoIndustry

US 10-year yield revisits 2007 heights as curve flirts with inversion

US Treasury yields climb on Monday as energy prices remain high, amid US President Donald Trump‘s rejection of a peace agreement with Tehran. Also, investors are pricing in further tightening by the Federal Reserve (Fed) to tackle high inflation above the central bank’s 2% goal, which is another reason for investors demanding a higher premium on US debt.　　Energy risks and Fed tightening bets keep pressure on US debt　　The US 10-year Treasury note yield rose to its highest level since June 2007 at 5.274%, before trimming some of its gains to 5.247%, up over eight basis points.　　In the meantime, contradictory US-Iran news headlines keep financial markets volatile. News that Iran agreed to halt its uranium enrichment program, reported by Al Hadath, was followed by Al Arabiya reporting that the chances of an agreement between the two countries are extremely slim, according to a US source involved in negotiations with Tehran.　　Fed speaking is keeping US Treasury yields higher as well. Governor Lisa Cook was hawkish, expecting continued inflationary pressures in the coming months from AI and hostilities in the Middle East.　　Consequently, traders still see a 65% chance of a 25-basis-point rate hike by the Federal Reserve at the October meeting. Although it

2 days agoIndustry

WOO X EU Goes Live for European Traders

September 28, 2026— WOO X, a leading global digital asset exchange, today officially announced the launch of WOO X EU, a dedicated trading platform custom-built to operate in alignment with Europes Markets in Crypto-Assets (MiCA) regulation.　　The rollout is supported by WOO X‘s strategic collaboration with Payward Services, the B2B infrastructure platform from Payward, subject to the parties’ respective operating roles and applicable regulatory requirements.　　Elevating Asset Safety Under MiCA　　The launch of WOO X EU marks a pivotal milestone in WOO Xs global expansion strategy. Built from the ground up around Crypto-Asset Service Provider (CASP) standards, WOO X EU establishes a compliant gateway for European retail and institutional traders seeking high-performance execution within a legally protected framework.　　Key highlights of the WOO X EU platform include:　　Discover more　　Bitcoin investment guide　　Finance market insights　　investingCustomer-Asset Safeguarding: Customer assets are subject to segregation and safeguarding arrangements designed in accordance with applicable requirements. Details of the applicable arrangements, supported assets and user protections are available in WOO X EUs terms and disclosures.EEA Market Readiness:WOO X EU is designed to support a consistent user experience for eligible users in supported EEA jurisdictions. Service availability varies by jurisdiction, product and applicable requirements.Enterprise Security Infrastructure:Supported by battle-tested B2B infrastructure and custody rails

2 days agoIndustry

Near Intents Slams Door on $50M in Bitget Hack Laundering Flows

Key TakeawaysNear Intents detected over $50M in laundering attempts tied to Bitgets Sept. 24 hack.SHIELD froze $503,000 during execution, while just $166,000 passed through Near Intents.Bitget CEO Gracy Chen praised Near Intents for waiving its recovery bounty.　　Hackers Run Into a $50 Million Roadblock　　The hackers behind Bitget‘s nearly $388 million security breach found themselves facing an unexpected roadblock when they attempted to funnel stolen cryptocurrency through Near Intents. Rather than provide an easy escape route, the cross-chain protocol’s security system identified more than $50 million in suspicious flows, stopped transactions and froze over half a million dollars worth of crypto during execution.　　The response drew applause from Bitget‘s CEO, who has been calling on decentralized protocols like Thorchain to prevent known stolen assets from moving through their infrastructure. And the outfit responsible for the $50 million intervention isn’t asking for a penny in recovery rewards.　　SHIELD Catches Hackers Trying to Move Stolen Funds　　On Sept. 28, Ukrainian blockchain engineer and Aurora co-founder Alex Shevchenko took the wraps off Near Intents response to the Sept. 24 Bitget breach, which resulted in approximately $387.5 million being stolen.　　Shevchenko explained that much of the cryptocurrency moving through cross-chain services eventually converged on Ethereum as ETH. The attackers also

2 days agoIndustry

Belarus Set to Launch Its First Two Crypto Banks

Belarus is preparing to register its first two crypto banks as authorities strengthen oversight of the countrys digital asset sector. The move follows more than six months of regulatory work involving the High-Tech Park (HTP) and National Bank.　　Officials said the initiative could create stronger links between traditional financial services and cryptocurrency businesses. The development also follows a presidential decree that established rules for crypto bank operations in July.　　New Crypto Banks Enter HTP　　The HTP Supervisory Board has approved decisions supporting the registration of two crypto-focused companies. Both firms will initially operate as HTP residents before seeking accreditation from the National Bank.　　Additionally, officials said the companies have built professional teams and upgraded their technology systems. They have also completed technical and legal reviews before starting operations.　　Closer Link Between Finance and Crypto　　The new framework covers crypto banks activities, transactions, accounting, and reporting requirements. Hence, regulators expect clearer standards for businesses operating across traditional finance and digital assets.　　Moreover, dual oversight from the HTP and National Bank could strengthen compliance and institutional trust. Consequently, officials expect the sector to attract investment and expand financial services.　　Significantly, the initiative could reduce barriers between conventional financial companies and crypto businesses. However, regulators will oversee the new institutions as

2 days agoIndustry

Fully Diluted vs. Circulating Valuation: How Tokenomics Mask Suis DeFi Lead Over NEAR

If market cap measured effort, Suiwould be ahead of NEARand this article wouldnt exist.　　It measures something else. Right now the market values NEAR at roughly $1.8 billion more than Sui, while Sui quietly beats it on TVL, daily users and DEX volume. I spent time with the numbers, and the gap says a lot about what investors actually pay for.　　NEAR Wins The Market Cap Race By $1.8 Billion　　On DefiLlama‘s NEAR token page, NEAR trades at $5.02 with a market cap of $6.548 billion. Sui’s token page shows SUI at $1.15 and a market cap of $4.72 billion. That makes NEAR about 38% larger by market cap.　　On price action alone, you would guess NEAR is the busier network. I dont think that guess survives a look at the chain data.　　Sui Doubles NEAR On Every Activity Metric　　DefiLlamas Sui chain dashboard and NEAR chain dashboard show the same pattern in every category I checked:　　Discover more　　News　　Crypto market analysis　　Bitcoin halving forecast　　- TVL:Sui holds $542.11 million against NEARs $240.12 million, about 2.3x more.　　- Active addresses (24h):Sui has 127,942 against NEARs 63,589, roughly double.　　- DEX volume (24h):Sui does $83.56 million against NEARs $36.56 million, close to 2.7x more (see the Sui DEX page and NEAR DEX page).　　-

2 days agoIndustry

RedotPay Gets Clean Big Four Audit For US Listing

Stablecoin payments company RedotPay said on September 28 that it received an unqualified, or “clean,” audit opinion from a Big Four accounting firm covering its consolidated financial statements for the two years ended December 31, 2025. The Hong Kong-based firm, which announced the result in a company statement, framed the milestone as part of preparing for a potential future public listing and said the figures were prepared under U.S. generally accepted accounting principles.　　A clean opinion under US GAAP　　The company said the independent auditor returned an unqualified opinion, the most favorable outcome of a financial statement audit, and concluded that the groups consolidated statements were fairly presented under US GAAP as issued by the Financial Accounting Standards Board. RedotPay did not name the Big Four firm that performed the work, and the review covered two full fiscal years of results across the group.　　Compliance groundwork ahead of a possible listing　　The financial audit follows a separate independent review of RedotPays anti-money-laundering and counter-terrorist-financing controls by a Big Four firm that the company disclosed earlier in September. RedotPay has also been expanding its U.S. regulatory footprint, most recently obtaining two state lending licenses in a push that followed its first money transmitter license. The

2 days agoIndustry

40,000 BTC leave exchanges - How Bitcoins Q4 rally setup is taking shape

Unlike whale accumulation, corporate accumulation has much more weight.　　The logic is simple: Whales usually buy Bitcoin [BTC] for risk/reward prospects and portfolio diversification, while corporations are adding Bitcoin to their treasury reserves. Therefore, a prolonged period of BTC price decline may considerably hurt corporate finances, stock prices, and the overall market confidence.　　On the flip side, sustained DAT accumulation could generate the reverse effect, as it would boost corporate exposure to BTC and add another layer of demand on the asset. Notably, with fresh momentum building around Bitcoin DATs, the Q4 narrative around corporate BTC accumulation may already be taking shape.　　Source: X　　To begin with, Michael Saylor has shared an “Orange signal” on X, indicating a possible BTC purchase. This comes as MSTR continues to gain ground, extending last months 30% rise with a 20% rally this month.　　Along the same lines, Strive CEO Matt Cole has also hinted at the purchase of more Bitcoin. In turn, Strives share (NASDAQ: ASST) has been climbing strongly after registering a huge rally of 118% last month with another 21% gain this month.　　This matters because a higher stock price gives Strategy and Strive more room to raise capital, and potentially scale their Bitcoin treasuries, which is

2 days agoIndustry

SpaceX Starship reaches orbit, deploys 26 Starlinks in shortened Flight 14

SpaceX launched Starship into orbit for the very first time on 28 September 2026, releasing 26 operational Starlink V3 satellites. However, due to engine failure, SpaceX had to cut the mission short. This flight demonstrated that the Starship can lift up SpaceX‘s biggest satellite, but it didn’t prove that the company can maintain a sufficient launch frequency.　　An engine dropped out on the way up　　Starship successfully took off from Starbase,Texas at 7:48 a.m. CT. During its ascent, one Super Heavy engine switched off, which was soon followed by an early shutdown of a vacuum Raptor engine on the upper section of the spacecraft. As a result, Starship effectively adapted by utilizing the rest of its engines for a longer period of time before concluding its orbital burn after the flight managers checked the status of the craft.　　The spacecraft accomplished its mission of reaching low-Earth orbit at an altitude of about 275 kilometers and releasing its batch of 26 Starlink V3 satellites. SpaceX wanted to accomplish about six orbits during a period of nearly ten hours, but due to the engine problem, the mission was terminated after only about three hours. According to SpaceX:　　“The Starlink V3 satellite is designed to support 1

2 days agoIndustry

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