Crypto news
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Evercrest Files BC Civil Claim Against LayerZero and Pellegrino, CEO Says
Evercrest, which LayerZero Labs CEO Bryan Pellegrino identified as KelpDAO, filed a notice of civil claim in British Columbia against him and LayerZero on Sept. 24, according to his public statement. “The claim continues to be meritless, will meet them in Vancouver and defend myself...
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Asia dominates Crypto Adoption Index, Bitget’s $351M hack: Asia Express
The APAC region accounts for half of the Global Crypto Adoption Index. Bitget suffers massive $351M loss and OpenAI forgets to mention its agents hacked the Australian Government.
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Paxos Labs Launches PAXGy, Adding Lending Yield to Tokenized Gold
Paxos Labs launched PAXGy on Sept. 24, a token designed to earn returns in gold by lending reserve assets to institutional borrowers. The token builds on PAX Gold, or PAXG. Holders’ PAXGy balances stay constant while lending income is intended to increase the amount of PAXG redeemable per token.......
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Nearly $352M Moved From Crypto Exchange Bitget Wallets in Suspected Hack
Bitcoin Magazine Nearly $352M Moved From Crypto Exchange Bitget Wallets in Suspected Hack An estimated $351.6 million in crypto has been moved from digital asset exchange Bitget’s hot wallets in a suspected hack. The platform’s CEO said in a Thursday statement that Bitget’s security team activated...
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New York sues Polymarket, alleging it is running an illegal gambling operation
The state wants to block Polymarket from operating without a gambling license and recover allegedly illegal gains.
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U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Fed proposed rules on putting last year's GENIUS Act into place with regulations, including those governing stablecoin yield programs.
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Fed proposes new capital, redemption rules for stablecoin issuers
The Fed’s proposal would set capital requirements, a two-day redemption window and new reserve disclosures as regulators implement the GENIUS Act.
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New York Sues Polymarket, Calling Prediction Market an Illegal Gambling Operation
Bitcoin Magazine New York Sues Polymarket, Calling Prediction Market an Illegal Gambling Operation New York Attorney General Letitia James and Governor Kathy Hochul on Thursday filed a lawsuit against crypto-based prediction market Polymarket , accusing the platform of running an unlicensed...
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Crypto exchange Bitget says $352 million affected in a hack, claims user funds are 'safe'
Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements.
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Federal Reserve Unveils Stablecoin Rules on Reserves and Capital
The central bank opened two proposals for comment under the GENIUS Act, requiring issuers it supervises to back tokens fully with safe assets and creating an application process for banks seeking to issue stablecoins.
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Bitget confirms $351M security breach, suspends withdrawals
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected.
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CFTC updates guidance on tokenized assets, blockchain records after failed vote
Although the CFTC chair did not say the failed vote on the CLARITY Act was behind new rules for authorized crypto entities, he said the move was “to provide regulatory clarity.“
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Bitget Suspends Withdrawals, Says $351.6 Million Affected In Hot Wallet Breach
Bitget said approximately $351.6 million in assets were affected by unauthorized transfers from a limited number of its hot wallets on Sept. 24 and that it had temporarily suspended withdrawals, confirming an incident that onchain observers had tracked through the afternoon. “At 18:31 UTC on......
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Morpho Founder's Vault Classification Draws Pushback From Aave's Kulechov
Morpho co-founder and CEO Paul Frambot published an article on X on Sept. 24 proposing that onchain vaults be divided into two regulatory categories, and drew objections within the hour from Aave founder Stani Kulechov, attorney Gabriel Shapiro and several vault infrastructure founders....
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More than $170 million in crypto moves from Bitget wallets to unidentified address
The receiving address has made several swaps, but the reason for the Bitget wallet transfers remains unclear.
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Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets
A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour.
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SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech
Bitcoin Magazine SEC Commissioner Hester ‘Crypto Mom’ Peirce Advocates Privacy-Preserving Tech Outgoing Securities and Exchange Commission Commissioner Hester Peirce has said that regulators should rethink how they monitor the financial system, and to press for less personal data collection, not...
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Bitcoin price steadies, ONDO rallies as US Treasury yields hit 2007 highs
US Treasury yields hit a 19-year high on Thursday, pressuring risk assets as Bitcoin held near $84,000 and ONDO became top performer among altcoins.
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Fed proposes reserve limits, capital standards for stablecoin issuers under GENIUS Act
The Federal Reserve proposed new measures for stablecoin issuers, including reserve-asset limits and standardized capital requirements.
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Someone was trying to sell Ondo Finance after founder Nathan Allman's death
The company has vehemently denied that it was shopping for buyers. Allman’s estate declined to comment.
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Bullish, Alpaca and Apex Fintech form coalition to push issuer-backed tokenized stocks
The group aims to link onchain shares to official shareholder records following the U.S. SEC's innovation exemption for tokenized stock trading.
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U.S. commodities firms can invest in tokenized assets, use blockchain records: CFTC
The U.S derivatives regulator is grinding away at further guidance that welcomes tokenization and blockchain recordkeeping as regular industry elements.
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DoubleZero brings dedicated fiber market data to Hyperliquid traders
DoubleZero launched a dedicated fiber market data feed for Hyperliquid, giving professional trading firms faster access to its full order book.
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The stock token debate, and the gap nobody can close alone
The argument over Robinhood’s AMC token has been about which tokenization model is legitimate, and the SEC has drawn a line. The question to ask now is what has to be true for any of it to be a market, argues Bullish’s Tram Doman.
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Humans Are Reading Your ChatGPT Chats, New Lawsuit Claims
A proposed class action accuses OpenAI of quietly routing real conversations to outside contractors through a program called Project Lily—without telling users first.
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Kamino Opens GPU-loan-linked sUSDai Collateral Market on Solana
Kamino has opened a lending market on Solana for sUSDai, letting holders of USD.AI’s GPU-loan-linked token borrow USDC while retaining their yield-bearing position. The market is curated by Allez Labs. According to Kamino’s launch documentation, users can borrow up to 80% of their collateral’s......
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Gnosis Pay Sets Dec. 20 Card Shutdown as It Shifts to B2B
Gnosis Pay will retire its consumer cards and close most of its web app on Dec. 20, 2026, requiring users who want to keep spending through its infrastructure to join a partner card program and obtain a replacement card. The company’s formal notice, which it says was issued to all cardholders on......
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Estée Lauder facing new stockholder suit over alleged use of gray markets
A new Southern District of New York lawsuit alleges Estée Lauder retail sales in Asia relied on “a pervasive, prohibited gray market resale industry” and prohibited, duty-free resellers called daigou. One stockholder has sued Estée Lauder’s board in Manhattan federal court on Tuesday over the...
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Jeff Booth: Why $1 Million BTC is Thinking too Small
Bitcoin Magazine Jeff Booth: Why $1 Million BTC is Thinking too Small Is a $1 million Bitcoin price target thinking too small? Jeff Booth thinks so, and he explains why valuing Bitcoin in dollars means pricing it from a game that's rigged by debasement. He argues that Bitcoin isn't just a coin or...
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Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset
Bitcoin Magazine Saifedean Ammous: The Bond Crisis & Bitcoin’s Rise as a True Macro Asset Bitcoin's volatility is falling, and Saifedean Ammous calls that the most bullish development in Bitcoin right now. Bear-market drawdowns have shrunk from roughly 87% to 77% to about 54% this cycle, which...