U.S. House Expands Insider-Trading Probe to Hyperliquid, Crypto.com and PredictIt

U.S. House scrutiny of online trading and prediction-market platforms expanded on September 29 to include:Hyperliquid Labs;Crypto.com;Aristotle Exchange, operator/owner of PredictIt.  House Oversight Committee Chairman James Comer requested information about how the platforms:verify customer identities;detect suspicious trades;investigate anomalous activity;report possible misconduct to regulators or law enforcement.  The inquiry extends an investigation that began earlier in 2026 with Polymarket and Kalshi.This is an inquiry, not an enforcement finding  The House letters seek documents and explanations.  They do not establish that:Hyperliquid facilitated insider trading;Crypto.com violated KYC law;PredictIt allowed illegal government-insider betting;any named trader possessed nonpublic information.  WikiBit classifies the event as:  Congressional Oversight / Developing  rather than an adjudicated enforcement action.Why Hyperliquid is a notable inclusion  Hyperliquid is not simply a conventional prediction market.  It is a crypto derivatives venue known for perpetual futures.  Its inclusion shows that congressional concern about nonpublic information can extend beyond event contracts into leveraged crypto trading when a position appears tied to a government decision.The large Hyperliquid short  Reporting on the House letter says it references a leveraged Hyperliquid short position valued at approximately:  $1.1 billion  that was opened shortly before a U.S. tariff-policy announcement in October 2025.  Reports say the trade generated around:  $150 million  in profit.  These are cited investigative facts/allegations about the timing and size of a trade.  They do not prove:who

09-30انڈسٹری ریسرچ

Trump Leaves AI Safety to Tech Giants: Inside the New AI Accord

President Donald Trump and six tech leaders signed a voluntary AI accord on Tuesday, asking companies to police their own AI systems as Trump rejects calls for federal guardrails.  Trump posted the one-page document on Truth Social. Data center opposition is growing, and AI agents, software that acts on a users behalf, have gone rogue in several high-profile incidents.  Sponsored  Sponsored  What the AI accord asks tech companies to do  The accord stacks four layers of oversight, Reuters reported. Companies would first build internal controls to watch how models behave from training through release, with hacking, biological, and chemical risks singled out. An internal team would verify that those controls function properly.  Beyond that, each company would partner with an outside auditor for independent testing. An independent board committee would review findings from both auditors and the control teams.  AP reported that Trump signed alongside Anthropic‘s Dario Amodei, Google’s Sundar Pichai, Meta‘s Mark Zuckerberg, OpenAI President Greg Brockman, Nvidia’s Jensen Huang, and xAI founder Elon Musk.  All the signatories to the AI accord. Image Source: Truth Social  “The participating companies will meet regularly to establish standards and best practices to improve the safety of their systems.”  White House accord, via Reuters  Sponsored  Sponsored  Why the AI accord may carry limited weight  However, the pledge

09-30انڈسٹری

ICON ICX to SODA Migration: Bitrue and OKX TR Delistings Tighten Access as Network Shutdown Approaches

ICON is now in the final quarter of its planned Layer-1 retirement, and September 30 concentrates several exchange-access risks for remaining ICX holders.  The most important current facts are:two-way ICX↔SODA migration already ended September 25, five days earlier than a prior schedule;only ICX → SODA migration remains;Bitrue ends ICX spot trading at 06:00 UTC on September 30;OKX TR removes ICX/USDC and ICX/EUR between 08:00 and 10:00 UTC;final ICX→SODA migration deadline is December 31, 2026;ICON Network is scheduled to permanently halt on December 31, 2026.Important timeline correction: two-way migration ended September 25  ICON Foundation had previously said two-way migration would remain available until September 30.  On September 24, the Foundation moved that cutoff forward to:  September 25, 2026  It cited:tightened technical/security requirements;greater ICX oracle-price volatility;thinning ICX liquidity.  Since then, only:  ICX → SODA  migration remains.  SODA can no longer be converted back into ICX through the official migration path.Final deadline remains December 31  The Foundation says the final migration deadline remains:  December 31, 2026  On that date:ICX→SODA migration ends;ICON Network permanently stops producing blocks;the network becomes a read-only archive for historical lookup.  ICX left unmigrated after the final cutoff will no longer have the projects migration route.1:1 migration  The official migration is designed as:  1 ICX → 1 SODA  through the SODAX migration process.  Users should confirm:official migration

09-30انڈسٹری ریسرچ

Router Protocol Shutdown: September 30 Target Reached, Treasury Burn Still Needs Execution Verification

Router Protocol reaches the date it selected for completing its orderly wind-down:  September 30, 2026  The project previously said all remaining operations would cease by this date and that it would permanently burn:  303,333,198 ROUTE  held in treasury.  At this reports publication cutoff, WikiBit has not identified sufficiently authoritative evidence confirming:the final burn transaction;every Router service has stopped;every integrator/relayer endpoint is offline.  The correct status is therefore:  Shutdown Target Today / Execution Verification Pending  rather than automatically declaring the wind-down fully executed.Why Router is closing  Router attributed the decision to long-term commercial pressure rather than one new exploit.  The project described:persistent Web3 liquidity scarcity;capital shifting toward sectors such as AI;compressed cross-chain bridge fees;infrastructure operating costs;demand concentrating on fewer chains.  It said efforts over the prior year to:commercialize technology;license technology;form partnerships;sell/acquire the business;  did not produce a sustainable outcome.More than four years of cross-chain infrastructure  Router built cross-chain infrastructure including:Router Nitro;messaging/execution tools;integrations across multiple networks;an earlier standalone Router Chain.  The shutdown therefore creates both:token-holder risk;infrastructure dependency risk for developers.The 303,333,198 ROUTE burn  Router says it will permanently destroy:  303,333,198 ROUTE  held in treasury.  This amount is roughly 30% of the approximately one-billion maximum-supply figure cited in project reporting.  But the burn must be understood correctly.Treasury burn is not holder compensation  The treasury-held tokens were not necessarily circulating in the market.  Burning them:does

09-30انڈسٹری ریسرچ

Australia ASIC Digital-Asset Licensing Deadline: No-Action Position Ends September 30

September 30 is the final day of the Australian Securities and Investments Commissions sector-wide no-action position for qualifying digital-asset businesses transitioning into the existing financial-services licensing framework.  ASICs latest “final call” says businesses relying on the position must have taken the required licensing steps by September 30 or risk operating in breach of financial-services law from:  October 1, 2026What the no-action position did  ASICs no-action position did not rewrite Australian law.  Instead, it provided enforcement discretion for certain digital-asset businesses while they assessed whether they:needed an Australian Financial Services licence;needed to vary an existing AFS licence;needed an Australian Market Licence;needed a Clearing and Settlement facility licence;could operate through authorised-representative or intermediary arrangements.  The transition followed ASICs updated Information Sheet 225 on digital assets.Why October 1 matters  ASIC says firms that actually need a licence or variation but have not met the no-action conditions can risk operating unlawfully from October 1.  Potential consequences can include:civil penalties;criminal penalties;injunctions;licensing/enforcement action.  ASICs latest reminder says applicable financial penalties can reach:  up to 10% of annual turnover  depending on the contravention.  That is a maximum legal exposure, not an automatic penalty for every firm.More than 45 applications  ASICs latest reminder says it has recorded:  more than 45 licence applications  from businesses seeking relevant digital-asset authorisations since INFO 225 was

09-30انڈسٹری ریسرچ

UK FCA Crypto Authorisation Gateway Opens September 30: What Firms Must Do

The United Kingdom reaches one of the most important milestones in its new crypto regulatory regime on September 30.  The Financial Conduct Authority says firms will be able to apply for authorisation—or vary existing permissions for newly regulated cryptoasset activities—from:  07:00 UK time on September 30, 2026  The application period is expected to run through:  February 28, 2027  The new cryptoasset regulatory regime itself is expected to commence:  October 25, 2027The gateway opening is not the regime commencement date  This distinction is essential.  September 30, 2026:applications open.  October 25, 2027:new mandatory regime is expected to start.  Firms do not become newly authorised merely because the gateway opens.  They must:identify regulated activities;submit an application/variation;satisfy FCA requirements;receive the necessary permission.Existing registrations do not automatically convert  The FCA explicitly says existing status does not automatically become crypto permission under the future FSMA regime.  This includes firms that may already be:registered under UK Money Laundering Regulations;authorised under Payment Services Regulations;authorised under Electronic Money Regulations;authorised under FSMA for other financial activities.  A firm must assess whether it needs a new cryptoasset permission or variation.Which activities can fall within scope?  FCA materials identify regulated cryptoasset activities including areas such as:operating a cryptoasset trading platform;safeguarding cryptoassets;dealing in cryptoassets;arranging deals;issuing qualifying stablecoins;certain staking-related arrangements;other activities defined by the 2026 regulations.  The exact perimeter is

09-30انڈسٹری ریسرچ

Bitget Hack Update: ETH Withdrawals Reopen and NEAR Intents Holds Hacker-Linked Funds

Bitget has completed the second stage of its phased withdrawal recovery.  After BTC withdrawals reopened on September 28, Bitget confirmed:  ETH withdrawals reopened at 08:00 UTC on September 29  across:Ethereum;BNB Smart Chain;Arbitrum One;Base;Optimism.  The next planned stage is USDT at 08:00 UTC on September 30, which is later than this reports publication cutoff.First-hour ETH flow  Bitget reported that by 09:00 UTC—one hour after ETH withdrawals reopened—it had recorded approximately:9,674 ETH inflows9,023 ETH outflows  for a net inflow of approximately:  651 ETH  This is an exchange-reported operational snapshot.  It is not:an independent reserve audit;full-day withdrawal volume;proof that every chain/asset has recovered.  It does show that the reopened ETH withdrawal system was processing meaningful two-way flows rather than merely displaying an enabled button.Current recovery schedule  Confirmed/planned sequence:September 28  BTC withdrawals restored on Bitcoin and BSC.September 29  ETH withdrawals restored on Ethereum, BSC, Arbitrum One, Base and Optimism.September 30  USDT scheduled on Ethereum, BSC, Solana and Tron.October 2  Other tokens, fiat and P2P scheduled to return.  The recovery remains partial until the later phases execute.The incident amount remains approximately $388M  Bitgets current official estimate is approximately:  $388 million  in affected assets transferred from hot/warm wallet infrastructure.  Bitget says:12 wallet addresses were associated with the incident;11 blockchains were involved;cold wallets were not compromised;private keys were not compromised.Leading attack path  Bitgets latest explanation says hackers may

09-30انڈسٹری ریسرچ

Relay API Vulnerability: 5,600 Users Hit by Sandwich Attacks, $312K Reimbursement Planned

Cross-chain execution protocol Relay has disclosed an API security issue that exposed information about pending user transactions before they completed.  The disclosure is important because the incident did not require an attacker to drain a treasury, compromise private keys or break a bridge contract. Instead, the exposed information let MEV searchers infer the route and timing of user transactions, trade around them and worsen users execution.  Relay says approximately:  5,600 users  were affected.Incident window  Relay says the affected activity occurred between:  September 12 and September 26, 2026  with most of the exploit activity concentrated between:  September 23 and September 26  The team discovered the issue over the weekend before the September 29 public disclosure.What the API exposed  The vulnerable API exposed pending transaction information before execution.  Current disclosures describe exposed information around:pending order state;route status;execution path.  MEV searchers could use those signals to infer what a user was about to do on-chain.  That gives an adversary a timing advantage before the users transaction reaches final execution.Why this enables a sandwich attack  A classic sandwich pattern works like this:attacker sees or infers a pending user trade;attacker trades first in the direction that worsens the users price;user trade executes at a less favorable price;attacker trades again after the user to capture the price movement.  Relays incident is

09-30انڈسٹری ریسرچ

Prediction-Market Insider Trading: Why Identity and Surveillance Are Becoming Core Infrastructure

Prediction markets have spent most of 2026 fighting over a basic legal classification:  Are they derivatives or gambling?  A new congressional inquiry highlights another question that may matter just as much:  Can these markets detect trading based on nonpublic information?  On September 29, House Oversight Committee Chair James Comer expanded an investigation into trading controls at platforms including Hyperliquid Labs, Crypto.com and Aristotle Exchange, the owner of PredictIt.  The requests seek records around customer identity verification, employee trades, suspicious trading, referrals to regulators and controls around material nonpublic information.  The inquiry follows earlier requests involving Kalshi and Polymarket.  The committee has not established that the platforms committed wrongdoing.  The significance is structural.  As event markets become larger and more financialized, they increasingly need the same market-integrity infrastructure expected from securities and derivatives venues.Public Events Can Still Have Private Information  Prediction markets are often described as markets on public events.  That can create the impression that insider trading is irrelevant.  It is not.  Many events are public only at resolution.  Before that point, information can be highly asymmetric.  Examples include government policy announcements, regulatory decisions, corporate earnings, product launches, personnel changes and geopolitical decisions.  A government employee may know an announcement before publication.  A company employee may know earnings before release.  A platform employee may know a token listing

09-30انڈسٹری ریسرچ

NEAR Intents vs. the Bitget Hacker: Why “Permissionless” Does Not Mean “Neutral”

The Bitget hack has produced two opposite answers to the same question.  When stolen funds reached THORChain, the protocol refused Bitgets request to block known attacker wallets and defended its permissionless design.  When similar funds reached NEAR Intents, NEAR intervened.  NEAR Intents said its SHIELD system identified more than $50 million in attempted transfers linked to the Bitget attacker. Most were rejected before execution. Roughly $166,000 passed through the system, while approximately $503,000 was frozen during execution and remains restricted pending legal and recovery procedures.  NEAR co-founder Illia Polosukhin defended the decision with a useful phrase:  permissionless does not mean neutral.Intents Are Not the Same as Direct Blockchain Transactions  A user interacting directly with a base-layer blockchain broadcasts a transaction that validators process according to protocol rules.  An intent system works differently.  The user specifies an outcome, such as converting asset A into asset B.  Independent solvers compete or coordinate to fulfill that request.  That architecture can simplify cross-chain trading.  It also creates an execution layer between the user and the final settlement.  If solvers or routing infrastructure can refuse a request, the system is permissionless at one layer and selective at another.  This is why simple labels such as “censorship resistant” become less useful.  The correct question is:  which layer has the power to

09-30انڈسٹری ریسرچ
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