Bitget CEO Gracy Chen Skeptical of Recovering $387.5M Stolen Funds
Summary: Bitget CEO Gracy Chen expressed skepticism about recovering the $387.5 million stolen in a recent security breach, citing limited results from similar past incidents.
Summary: Bitget CEO Gracy Chen expressed skepticism about recovering the $387.5 million stolen in a recent security breach, citing limited results from similar past incidents.
Summary: Bitget resumed Ethereum withdrawals following a $387.5 million hack attributed to North Korean actors, with less than $503,000 of stolen funds frozen despite extensive laundering attempts.
Summary: Volmex Finance listed perpetual futures based on its Bitcoin Implied Volatility Index on Hyperliquid, creating the first onchain market for trading BTC volatility.
Summary: Singapore's Temasek plans to open hubs in Abu Dhabi and Riyadh in early 2027, deepening its Gulf strategy despite regional economic strains.
Summary: The CFTC approved Coinbase Clearing LLC as a derivatives clearing organization, enabling fully collateralized USDC settlement and completing the exchange's regulated derivatives stack.
Summary: European issuer AllUnity introduced USDAU, a US dollar-pegged stablecoin regulated under MiCA, launching across six major blockchain networks.
Summary: BlackRock purchased over $1.5 billion in Ethereum through its spot ETFs, while dormant wallets and large holders sold significant amounts to realize gains.
Summary: The Commodity Futures Trading Commission approved Coinbase Clearing LLC, a USDC-native derivatives clearinghouse designed for continuous settlement.
Summary: Prediction market platform Kalshi is negotiating a $1 billion funding round led by Sequoia Capital and Wellington Management, doubling its valuation from May.
Summary: Crypto exchange Bitget has resumed withdrawal services after a security breach compromised its hot and warm wallet infrastructure, confirming user funds remain secure.
Summary: Following the $388 million Bitget theft, NEAR Intents blocked over $50 million in illicit transfers while THORChain processed stolen funds, highlighting a strategic split in cross-chain security protocols.
Summary: Illinois tax officials released draft rules clarifying how the state's 0.2% digital asset transaction tax applies to stablecoins, DeFi platforms, and crypto bridging activities.
Summary: Crypto.com confirms its broad-scope personal AI agent platform remains under construction, nearly eight months after a $15 million Super Bowl ad crashed the website.
Summary: Bitget recorded approximately $463 million in net outflows within 24 hours of restoring withdrawals following a $387.5 million security breach.
Summary: Beijing's commerce ministry stated it will respond firmly if the EU imposes restrictions on Chinese businesses, warning such actions would undermine ongoing trade talks.
Summary: Frank Elderson explains how the ECB is adapting supervision through sharper risk prioritization, simplified processes, and timely remediation to address complex global risks.
Summary: Coinbase Clearing LLC received CFTC registration on September 28, enabling it to clear fully collateralised futures and options using USDC as collateral.
Summary: Bitget CEO Gracy Chen criticized THORChain for refusing to block hacker addresses after a $387.5 million breach, citing the protocol's prior 39-day network shutdown.
Summary: The CFTC registered Coinbase Clearing LLC as a Derivatives Clearing Organization, enabling the exchange to clear certain futures and swaps in-house.
Summary: President Trump and six major tech executives signed a voluntary accord requiring self-policing, audits, and board oversight for frontier AI models.