Latest Crypto News & Market Updates

Kraken Forced Liquidations Begin for H, HUMANITY, BDX and BELDEX

Kraken begins automatically liquidating remaining balances associated with two post-incident token migrations on September 28.　　The affected Kraken tickers are:H — legacy Humanity token;HUMANITY — replacement Humanity token on Kraken;BDX — legacy Beldex token;BELDEX — replacement Beldex token on Kraken.　　Withdrawals for all four closed on:　　September 25, 2026 at 14:00 UTC　　Remaining balances now enter a platform-controlled liquidation period from:　　September 28 through October 2, 2026Why these are migration balances　　Both token pairs arose from earlier security/contract incidents.Humanity　　The Humanity team deployed a replacement token after the legacy H incident.　　Kraken:kept legacy H under ticker H;used HUMANITY for the new token so users could distinguish the contracts;credited eligible snapshot holders 1:1.　　The snapshot was:　　June 8, 2026 at 17:25 UTC　　The HUMANITY airdrop was scheduled for:　　July 1, 2026 at 14:00 UTCBeldex　　Beldex deployed a replacement token after the incident affecting legacy BDX.　　Kraken:kept legacy token under BDX;used BELDEX for the replacement token;credited eligible snapshot holders 1:1.　　The BDX snapshot was:　　June 10, 2026 at 23:36 UTC　　The BELDEX airdrop occurred:　　July 10, 2026 at 14:00 UTCThe withdrawal decision is already over　　Before September 25, users who wanted to keep the actual tokens could withdraw.　　That window has closed.　　The risk today is therefore not “should I withdraw before liquidation？”　　It is:　　How will Kraken execute the residual balance when the user

3 days agoIndustry Research

Bitget Hack Update: BTC Withdrawal Test Starts Sep. 28 as Stolen Funds Move Through THORChain

Bitgets September 24 security incident has entered two simultaneous phases:exchange recovery, with BTC withdrawals scheduled to restart on September 28 at 08:00 UTC;on-chain laundering, with attacker-linked assets increasingly converted and consolidated into Bitcoin.　　These two tracks must be evaluated separately. Bitget can fix the backend flaw and restore customer withdrawals while the attacker continues moving assets already stolen from the exchange.BTC withdrawals are the first live recovery test　　Bitgets official schedule says:Sep. 28, 08:00 UTC: BTC / Bitcoin;Sep. 29, 08:00 UTC: ETH on Ethereum, BSC, Arbitrum, Base and Optimism;Sep. 30, 08:00 UTC: USDT on Ethereum, BSC, Solana and Tron;Oct. 2, 08:00 UTC: other tokens, fiat and P2P.　　This report is published before the first 08:00 UTC milestone.　　Therefore, WikiBit records the status as:　　Scheduled — not yet verified operational.　　The next evidence is an actual user withdrawal broadcast to Bitcoin and sustained processing without another emergency pause.What Bitget says is fixed　　Bitget says:the wallet-backend vulnerability has been identified;it has been remediated;the incident is contained;no further unauthorized transfers are possible through the identified path;customer account balances are unaffected;deposits and trading continue;Mandiant and SlowMist continue to assist.　　The exchange has ruled out a private-key compromise and describes the failure as a backend system spoofing transaction data into the authorization process.The

3 days agoIndustry Research

Wikibit Crypto Risk Monitor — September 28, 2026

September 28 is primarily an execution-risk day. No newly verified exploit in the latest scan exceeds the security events already under active monitoring, but several exchange users are entering irreversible platform-controlled actions: Bitget is due to test the first phase of its post-hack withdrawal restoration; Kraken starts liquidating four migrated-token balances whose withdrawal windows have already closed; Bitvavo is converting residual KAVA, XNO and RVN to EUR; CoinEx is less than one day from ending spot trading and beginning disposal of non-USDT balances; and BitMEXs live support documentation now describes withdrawals as manual-web-only with USDT, USDC and ETH restricted to Ethereum.　　The most important security development remains Bitget. BTC withdrawals are scheduled to reopen at 08:00 UTC on September 28, later than this reports publication cutoff. The exchange says the wallet-backend vulnerability behind the September 24 breach has been remediated and that account balances are unaffected. The first successful BTC withdrawals will therefore be the first externally observable test of the recovery plan, rather than another statement of intent.　　At the same time, the attacker‘s assets continue moving. A detailed public chain reconstruction using Bitget’s published attacker addresses found the original stolen XRP had effectively been moved out of the large initial

3 days agoIndustry Research

Pi Network price: Can PI break $0.10 before Protocol 28？

Pi Network has moved directly into Protocol 28 preparations after completing Protocol 27, while PI continues trading below the closely watched $0.10 level.　　Pi Network said on Sept. 26 that Protocol 27 had been successfully completed on Mainnet and Protocol 28 was already running on Testnet. Pi Networks official announcement Node operators have until Oct. 13 to upgrade, three days before the planned Protocol 28 Mainnet activation on Oct. 16.　　PI was trading near $0.0893 at the time of writing, according to CoinGecko market data. The token was down roughly 2% over 24 hours but remained around 2.3% higher over seven days. Its market capitalization stood near $1 billion, with approximately $6.4 million in 24-hour trading volume and 11.24 billion PI in circulating supply.　　Can Pi Network price reclaim $0.10？　　PI has remained below $0.10 despite recovering from September lows. CoinGecko shows a seven-day range between roughly $0.085 and $0.0945, leaving the token inside the consolidation area that has developed since July.　　The daily chart still shows a weaker long-term structure after PI fell from above $0.20 earlier this year. Since July, price action has become flatter, with most trading taking place between approximately $0.08 and $0.10.　　Momentum indicators remain mixed. The Relative Strength Index stands

3 days agoIndustry

Vitalik Buterin says Hegotá could be Ethereum‘s last ’normal fork

Ethereum co-founder Vitalik Buterin said Ethereum‘s Hegotá upgrade could be the network’s last “normal” fork before development shifts toward technologies that include recursive STARKs, automated formal verification, optimized consensus and quantum-safe cryptography.　　On Sunday, Buterin said Hegotá, which is planned for 2027, is likely to be the final upgrade whose features and technology would still be recognizable to someone familiar with Ethereum in 2015.　　He said PeerDAS, which allows nodes to verify data availability by sampling portions of data rather than downloading everything, marked the beginning of Ethereums transition “from being just a blockchain to being something much more powerful.”　　Buterin described the transition as Ethereums evolution into a “cryptographic world computer,” moving beyond a model in which nodes simply download and re-execute transactions toward an architecture combining blockchains with cryptographic verification, privacy and decentralized offchain components.　　The shift could change how Ethereum applications are built by moving more computation offchain while using the base layer to verify results, settle transactions and preserve access to shared onchain state.　　What Ethereum‘s ’world computer could look like　　Buterins post prompted discussion over how much computation and state should ultimately move offchain, and what Ethereum itself should continue to handle directly as the network evolves.　　Ethereum researcher Barnabé Monnot said

3 days agoIndustry

South Korea weighs crypto market makers after JPYC trades at 4 times peg

South Koreas Financial Services Commission said it is considering a market-making system for digital assets, after a stablecoin linked to the value of the Japanese yen traded for as much as four times its peg on a major South Korean crypto exchange earlier this month.　　Crypto exchange Upbit opened trading of JPYC, a yen-backed stablecoin, on Sept. 17, with the market opening at 12 Korean won per JPYC before reaching a high of 37.6 Korean won just an hour later, more than four times its market value. The spike was attributed to limited liquidity on Upbit.　　“We will also review the need to introduce systems such as market-making activities to increase the efficiency and stability of the digital asset landscape,” Yoo Young-joon, director of digital finance policy at the FSC, said at a conference in Seoul on Monday, Digital Asset reported. “There were also criticisms that user losses occurred from the price surge after the JPYC listing, so demands for discipline in this area are expanding.”　　South Koreas Virtual Asset User Protection Act currently does not contain an exemption for market-making from its market manipulation provisions, preventing market makers from providing liquidity in crypto markets. The latest comments from Yoo suggest the FSC

3 days agoIndustry

Big institutional money is split on Bitcoin’s next move as massive market bets shift

Leveraged funds moved 1,599 contracts further net short in standard CME Bitcoin futures during the week to Sept. 22, reversing the prior weeks easing, while asset managers added 411 contracts to their net long. The CFTC snapshot captures two major trader groups moving in opposite directions as Bitcoin enters a new week. At five BTC per standard contract, the funds change amounts to 7,995 BTC-equivalent of net futures exposure.　　Related Asset Bitcoin #1 BTC · $83,241.49 24-hour change: down 1.43% Loading price history… 24H Down 1.43% 7D Down 3.36% 30D Up 6.85%　　The funds held 4,745 long contracts and 12,698 short contracts on Tuesday, leaving a net short of 7,953, compared with 6,354 a week earlier. Their longs fell by 800 contracts and their shorts increased by 799. That combination widened the net short; the weekly change cannot be described solely as new short positions. The BTC-equivalent figure measures the futures shift, with no corresponding spot Bitcoin sale shown in the report.　　Asset managers 4,962 longs and 1,791 shorts left them net long 3,171 contracts, up from 2,760. They added 434 longs and 23 shorts during the week, producing the 411-contract increase in their net long. Open interest across the standard CME Bitcoin

3 days agoIndustry

After the CLARITY Act’s Senate Setback: What Comes Next for US Crypto Rules?

Evidence at a glance: This is event analysis of the September 15 vote and subsequent reporting, not a guide to enacted obligations. A failed procedural vote does not make the proposal permanently dead.　　On September 15, the Senate failed to advance the Digital Asset Market Clarity Act in a procedural vote. The measure needed 60 votes to move forward. It received 49. The recorded result was 49–50, according to contemporaneous reporting. This was a procedural barrier, not a final vote enacting or permanently rejecting the entire proposal. Vote report The immediate partisan explanations were predictable. Republican supporters said Democrats blocked a bipartisan market-structure bill despite major concessions.　　Democratic senators said unresolved ethics, law-enforcement, national-security and gambling issues made the bill unacceptable in its final form. A September 27 CoinDesk investigation based on interviews with more than a dozen industry participants and legislative aides described a more complicated failure. CoinDesk‘s analysis The bill’s collapse appears to have come from a combination of drafting structure, negotiation timing, ethics disputes, prediction-market concerns, law-enforcement questions, industry lobbying and the approaching midterm election.　　That makes the failure more important than one lost vote. It shows why comprehensive U.S. crypto legislation remains difficult even when both parties say they

3 days agoIndustry Research

Altcoin Breadth at a Reported 87%: Broad Recovery or an Overheating Signal?

Evidence at a glance: The 87% reading and $371 billion market-cap change are attributed to Darkfosts analysis, reported September 27. They are not a live, independently reconstructed WikiBit dataset.　　The September 27 breadth report suggests that participation in the measured altcoin sample has widened beyond a small group of winners. According to Darkfosts analysis, as reported on September 27, approximately 87% of the Binance-listed altcoins in the measured sample were trading above their respective 200-day moving averages. This is a dated, attributed observation rather than a live market reading. Reported analysis Earlier in the summer, the market looked almost inverted.　　Darkfosts previous work showed that roughly four-fifths of Binance-listed altcoins were below the same long-term trend measure. Over the period described in the report, TOTAL2 — the TradingView index tracking crypto market capitalization outside Bitcoin while still including Ethereum — has increased by roughly $371 billion since June, or about 45%. Reported market-cap figures That is a broad recovery. It is also exactly the kind of market structure that can evolve from healthy participation into euphoria.　　The key analytical mistake is to treat broad participation as automatically bullish at every stage. Breadth tells us how many assets are participating. It does not tell

3 days agoIndustry Research

THORChain and Bitget: What the Power to Pause Means for Decentralization

Evidence at a glance: Bitgets loss figure comes from its September 25 statement. The dispute is described in September 27 reporting; technical claims about halt controls are checked against THORChain documentation.　　The Bitget hack has created a much larger argument than whether one protocol should blacklist one wallet. It has exposed a core distinction between permissionless operation and the technical ability to intervene. Bitget said that approximately $387.5 million had been transferred to attacker-controlled addresses during its September 24 security incident. Its September 25 update said the upward revision reflected more complete accounting, not additional theft. Bitgets statement　　September 27 reporting described a dispute over routing funds associated with the incident through THORChain. It reported that Bitget sought intervention, THORChain defended permissionless operation, and OKX founder Star Xu challenged the comparison with Bitcoin. These positions are attributed to that reporting. Dispute coverage A separate, verifiable technical question is whether THORChain has operational controls for emergencies. The protocols own documentation confirms that such controls exist. The dispute raises a concrete governance question:　　If a protocol can stop, but chooses not to stop, is that censorship resistance — or a governance decision？THORChain Is Not Architecturally the Same as Bitcoin　　Bitcoins base-layer consensus does not require a

3 days agoIndustry Research

...

2426

...

1000