Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist

Circle and Tether have frozen stablecoins in a wallet linked to Thursday’s $351.6 million Bitget hack, though the amount is a small fraction of the total. Circle blacklisted the address, which Etherscan labels “Bitget Exploiter 8,” at 05:00 UTC Friday, onchain data shows. The wallet holds about 170.47 ETH, 218,023 USDT and 99,990 USDC. Blockchain…

Bitcoin ETF inflows slow to $191M as six-day streak reaches $2.8B

US spot Bitcoin ETFs drew $191 million Thursday as daily inflows slowed for a third day, lifting year-to-date net flows to $787 million. Source link

Whitehat Rescues 3,832 NFTs Amid Suspected Magic Eden Flaw

[Update, 12:55 UTC, Sept. 25: This article was updated with Magic Eden’s statement identifying the affected protocol and its guidance for former users.] A whitehat moved 3,832 non-fungible tokens from hundreds of wallets on Friday amid concerns about a vulnerability involving NFT marketplace Magic Eden.  NFT community member who goes by Cirrus on X flagged…

US Lawmakers from Gaming States Urge SCOTUS to Take up Kalshi Case

A group of US state lawmakers has filed an amicus brief with the US Supreme Court, urging justices to weigh in on a case between prediction markets platform Kalshi and gaming authorities.  On Tuesday, the National Council of Legislators from Gaming States (NCLGS) filed in the US Supreme Court, supporting New Jersey’s Attorney General and…

IBIT options price trading more calmly after Bitcoin rebound

IBIT’s expected volatility sits near the bottom of its 12-month range, according to Saxo Bank’s analysis of options data from Sept. 23. Source link

KelpDAO Sues LayerZero Over $292M rsETH Exploit

KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZero’s security infrastructure contributed to the attack. KelpDAO said Friday that LayerZero failed to disclose risks in its technology or prevent attackers from compromising its infrastructure. It also alleged…

Bitcoin ETFs have erased a $5.8 billion hole

Bitcoin investors have done it. They’ve poured billions into U.S.-listed spot bitcoin exchange-traded funds (ETFs) in recent weeks. The result: these ETFs now sit on nearly $800 million in net inflows for the year, according to data source SoSoValue. That’s a 180-degree turn from the red ink earlier this year. Here’s how bad it got….

CFTC Updates Guidance on Tokenized Assets, Blockchain Records after Failed Vote

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Researchers Propose Zcash-Style Bitcoin Privacy Without Soft Fork

Researchers at the cryptography research firm Alloc Init have proposed a system for bringing Zcash-style private transfers to Bitcoin without requiring a soft fork.  The proposal, called Shielded Bitcoin, would conceal transaction amounts, senders, receivers and links to previously spent funds using encrypted notes and zero-knowledge proofs. The paper was published on Thursday by Clara…

Fed Sets Out Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed capital, redemption and other regulatory requirements for stablecoin issuers under its supervision as it moves to implement the GENIUS Act. The GENIUS Act already requires stablecoin issuers to maintain reserves backing their tokens on a one-to-one basis and limits the types of assets they can hold, including cash, bank deposits…