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US and China Open Cold War-Style AI Hotline

The US and China now have a hotline for artificial intelligence (AI). The White House announced it on Friday, after Chinese President Xi Jinpings state visit to Washington.　　Whether the line slows the AI race is another question. Washington says its own AI push will not ease off.　　Sponsored　　Sponsored　　A Cold War-Style Phone Line for AI　　According to the White House document, a new US-China Super Intelligence Dialogue will study the risks and benefits of AI. The first talks are due by November. A separate channel will handle AI incidents.　　US Trade Representative Jamieson Greer, explained the channel with a Cold War comparison.　　“I think of like the red phone between the Kremlin and the White House during the Cold War,” CBS reported.　　Xi said AI should develop “always under human control,” according to CBS.　　However, hours before the talks, Trump posted a different message on Truth Social.　　“Super Intelligence (SI) will be a big topic of discussion, but I want to leave it exactly where it is. That is Chinas position also. Our guardrail is the DOJ!”　　Sponsored　　Sponsored　　Still, talking does not mean slowing down. BeInCrypto reported on September 16 that Treasury Secretary Scott Bessent had opened AI risk talks with China. At the same time, he insisted the US

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Fed stablecoin proposal would make circulation a capital cost for supervised issuers

A hypothetical payment stablecoin issuer within the Federal Reserves proposed supervisory scope, with $1 billion in circulation and no revenue from activities outside its reserve assets, would start with a $20 million baseline operational-risk capital charge under the Feds proposal announced Sept. 24. A separate loss-history adjustment and any other applicable capital charges would still have to be applied. The issuer would also need reserves backing its coins.　　The proposal gives the growth of a stablecoin a direct capital consequence: more coins outstanding mean a larger baseline operating-risk charge, even if the issuer earns nothing from custody or other activities. The formula would apply to approved stablecoin-issuing subsidiaries of insured state member banks and to certain qualifying state-chartered issuers that transition to Fed supervision. The Office of the Comptroller of the Currencys pending proposal takes a different route for issuers under its jurisdiction, using a capital amount tailored to each business and a separate pool of liquid assets tied to expenses.　　How the Feds proposed charge grows　　For the first $20 billion of payment stablecoins outstanding, the Fed would calculate the issuance portion of baseline operational-risk capital at 2%. The rate would fall to 1.5% on the next $30 billion and 1% on

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Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial

Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over Aprils $292 million rsETH exploit.　　The claim alleges negligent misrepresentation, negligence and defamation, seeks aggravated and punitive damages, and says Kelp users have withdrawn more than $650 million since the attack.　　Pellegrino has called the suit meritless. By Aug. 4, projects tied to roughly $14.5 billion in assets had announced moves from LayerZero to Chainlinks CCIP, nearly 50 times the amount stolen.　　The lawsuit now asks a court to settle a responsibility dispute that customers have been pricing on their own since April.　　Two failures had to line up　　On April 18, attackers tricked LayerZeros verifier into approving a forged cross-chain transfer. LayerZeros incident report traces the intrusion to a developer who was socially engineered into cloning a malicious GitHub repository in March.　　The attackers reached LayerZeros RPC environment, poisoned two internal nodes, and knocked an external RPC provider offline, so the verifier signed a message built on false source-chain data and 116,500 rsETH left Kelps bridge.　　That compromise succeeded because Kelps bridge required approval from a single verifier, LayerZeros own, leaving one party able to authorize the release. The on-chain signature check worked as designed,

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Bitcoin Price Still 33% Below Its Peak High as Bulls Plot a Comeback

At 8:30 a.m. Eastern time, bitcoins price stood at $84,162 on Saturday, Sept. 26, 2026, down 0.51% over 24 hours, as the leading crypto asset continued consolidating following its retreat from $87,374. The daily technical picture remains positive, supported by 13 bullish moving average (MA) readings, although declining trading volume and a neutral oscillator profile suggest buyers have yet to establish sufficient momentum for another sustained advance.　　Key TakeawaysBitcoins price remains 33.2% below its October 2025 all-time high of $126,080.Bitcoins daily moving averages retain a strong bullish rating, with 13 positive readings.A break below $83,000 puts bitcoins $80,000-$81,144 support cluster in play.　　Bitcoin Price Analysis: Sept. 26, 2026　　Bitcoins price traded near $84,165 on Saturday morning, navigating a relatively narrow 24-hour range between $83,230 and $84,662 as buyers and sellers continued their tug-of-war following the rejection at $87,374. Despite the short-term hesitation, bitcoin remains 3.64% higher over seven days and 8.85% higher over two weeks, suggesting the broader recovery has not yet run out of steam.　　With a market capitalization of approximately $1.69 trillion and daily trading volume of $27.86 billion this weekend, attention now turns to whether support around $83,000 can withstand another test or whether bulls can reclaim the $85,500 to $86,000

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Kalshi must lock out state users after major court loss

The Sixth Circuit ruled Sept. 25 that Ohio and Tennessee can apply their gambling laws to Kalshis sports contracts.　　The court rejected Kalshis argument that complying state by state would conflict with its duties as a federally regulated exchange, and it pointed to geofencing as a workable way to satisfy both.　　That second appellate win for states hits the demand Eilers s retail sports demand that comes from states without legal online sportsbooks.　　Related Company Kalshi Prediction market for trading the future　　Two routes to the same result　　The unanimous panel held that Kalshi had failed to show its sports contracts meet the Commodity Exchange Acts definition of a swap, the premise behind its claim to exclusive CFTC oversight.　　It then added an alternative holding that even if the contracts were swaps, federal commodities law would leave Ohio and Tennessee gambling statutes in force.　　That second finding gives states within the circuit two separate paths to win, since a later ruling in Kalshis favor on the swap question would leave the preemption conclusion standing.Legal questionKalshi‘s positionSixth Circuit rulingPractical consequenceAre the sports contracts “swaps”？Yes, bringing them within the CFTC’s exclusive-jurisdiction frameworkKalshi failed to show the contracts meet the relevant swap definitionKalshi cannot rely on the swap classification to

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Why cash hoarding in the UK proves the world still craves permissionless money

You can spend weeks paying for everything with your phone and still feel better knowing theres some cash at home. That might sound old-fashioned until your banks app stops working, your card gets declined for reasons nobody can explain, or the power goes out while you need groceries.　　In those moments, the idea of financial security stops being an abstract ideal you strive for and turns into something very practical. You need to be able to pay, and the money in your account only helps if you can get to it.　　This seems to be whats going on in the UK, as Britains newest cash numbers capture this change surprisingly well. In a Sept. 17 explanation of its banknotes, the Bank of England said cash made up just 8% of UK payments in 2025, down from 58% in 2009. However, the value of notes on its balance sheet went from £50 billion to £99 billion over that period, with £94 billion now held by the public in Britain and overseas.　　Those are nominal pounds, so inflation accounts for part of the increase, and the overseas holdings mean we cant treat the total as money British households have stuffed into drawers. But even with

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Bitget offers 5% bounty for freezing funds stolen in $351.6M attack

Bitget has launched a recovery bounty offering 5% for freezing stolen assets and another 5% for recovering them after an attack it initially valued at $351.6 million.　　SummaryBitget offers separate 5% rewards for eligible efforts that freeze or recover stolen funds.The exchange has raised its estimate of assets transferred to attacker addresses to $387.5 million.Circle and Tether have frozen about $318,000 in USDC and USDT linked to the attack.Bitget plans to restore withdrawals in phases starting Sep. 28.　　Bitget CEO Gracy Chen announced the bounty on X and called on exchanges, security researchers, and on-chain investigators to help track the funds. She also thanked Circle and Tether for freezing assets linked to the attack.　　Thank you to Circle and Tether for moving quickly. Every address frozen matters.　　To the broader community: Bitgets Recovery Bounty Program is live — 5% for freezing attacker funds, 5% for recovery. Every exchange, security researcher, and onchain investigator can make a… https://t.co/UrFjceBL49　　— Gracy Chen @Bitget (@GracyBitget) September 26, 2026　　The two rewards cover different results. Under Bitgets program, an eligible participant can receive 5% of the affected funds they directly help freeze and 5% of funds they directly help recover. The exchange said voluntary actions that had already led to

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Backpack CEO plans to bring 10,000 tokenized stocks to Solana

Backpack CEO Armani Ferrante has laid out a plan to expand tokenized stock access on Solana from about 200 symbols to 10,000, with shares moving between brokerage accounts and decentralized finance through one API.　　SummaryFerrante described 10,000 stock symbols as Backpacks next target, without giving a rollout date.Backpack already lets eligible users convert certain brokerage holdings into Solana tokens and back.The SECs new tokenized stock trading exemption applies only to venues that meet its conditions.　　According to a post shared by Solana on Sep. 26, Ferrante wants to make the full stock market available through a system that connects conventional securities accounts with DeFi applications.　　“Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana,” Ferrante said in the clip shared by Solana.　　Armani Ferrante, CEO of Backpack, on what comes next for tokenized stocks.　　Not 10 stocks, not 100 stocks. We want to bring the entire stock market to Solana. One API where a real share, by any definition of the term, moves back and forth between your brokerage account and DeFi.… 　　He described a single API through which a real share could move from a brokerage account into DeFi and back. Ferrante called the move from 200

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Bitcoin posts on X can pay even when Bitcoin doesnt

You dont have to own Bitcoin to make money from people getting excited about it. On X, just posting about it can be a business in itself, and the company now wants £207,384 back from people it alleges took that business a bit too far.　　Related Asset Bitcoin #1 BTC · $84,037.74 24-hour change: up 0.25% Loading price history… 24H Up 0.25% 7D Up 2.96% 30D Up 4.32%　　In its Sept. 17 lawsuit, X accuses Vivek Kumar Sen, Zamyang Sherpa, and unidentified operators of running a coordinated account network that manipulated engagement to collect creator payments.　　If £207,000 seems like very little money for a company the size of X, thats because it absolutely is. So why is a company that was bought for $44 billion suing a couple of guys for literally pennies？　　The stakes here are the principles behind its (often controversial) payment program and the potential cost of allowing other users to copy the (alleged) behavior. Paying creators gives people a reason to publish, but if manufactured popularity pays too, the company then risks funding the very activity it wants to remove from peoples feeds.　　Bitcoin can fall while the posts keep paying　　The basic arrangement is straightforward: X pays eligible creators for

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Bitget to resume withdrawals in stages starting Sep. 28 after security incident

Bitget has set a Sep. 28 restart for Bitcoin withdrawals after a Sep. 24 security incident, with Ether, USDT, and other withdrawal services scheduled to follow through Oct. 2.　　SummaryBitcoin withdrawals are scheduled to reopen at 08:00 UTC on Sep. 28.ETH and USDT withdrawals are set to return on selected networks over the following two days.Bitget says it has fixed the vulnerabilities and is carrying out further security checks.A later account of the incident put transfers to attacker-controlled addresses at about $387.5 million.　　Bitget said in an update that its technical team had identified and fixed the vulnerabilities tied to the incident. The exchange is checking its withdrawal systems before reopening them and said Mandiant, a cybersecurity firm owned by Google, and blockchain security company SlowMist are helping investigate the attack.　　The dates are part of a planned reopening schedule. Bitget told users to rely on notices from the platform and its official channels for confirmation that each service is available. Customers do not need to take any action before withdrawals resume, it said.　　Bitget withdrawals are scheduled to return in four stages　　Under the schedule, BTC withdrawals on the Bitcoin network are due to resume at 08:00 UTC on Sep. 28. ETH withdrawals are

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