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@BlockchainAssn CEO Summer Mersinger is stepping down after a legislative setback with the Digital Asset Market Clarity Act; Kristin Smith will return as interim CEO starting October 16. #Update #Crypto
The SEC is moving towards regulating tokenized securities, requiring permissioned trading venues and ensuring investor rights mirror traditional shares, emphasizing the need for innovation to align with regulation. #Update #Crypto $BTC $ETH
Circle and Tether have frozen stablecoins in a wallet linked to the $351.6 million Bitget hack, blocking approximately $318,000 while over 63,000 ETH remains unfreezable. @Bitget #Update #Crypto $USDT $USDC
Tether confirms its exposure to EQIBank is less than 0.034% of total assets, approximately $64 million, amid U.S. asset seizure concerns #Update #Crypto $USDT
Bond volatility rises as global yields climb; U.S. 10-year Treasury yield briefly hits 5.2%. Bitcoin’s volatility remains low, showing little correlation with rising yields. #Update #Crypto $BTC
Bitcoin’s price has surged 44% to nearly $85,000 this quarter, with holders realizing $2.4 billion in profits, a slower pace than prior peaks. #Update #Crypto $BTC
Bitcoin ($BTC) is consolidating at $84,342 while altcoins rally; 93 of the top 100 cryptocurrencies are up, with Chainlink ($LINK) and ICP driving significant gains. #Update #Crypto $BTC
KelpDAO has filed a lawsuit against LayerZero, citing its role in a $292 million exploit that led to significant DeFi disruptions. LayerZero’s co-founder plans to defend against the claims in court. #Breaking #Legal $ETH
Bitcoin ETFs have seen nearly $800 million in net inflows this year, recovering from a $5.8 billion decline in July, as Bitcoin’s price rose to $85,000. #Update #Crypto $BTC
@Bitget’s $352 million hack involved spoofed transfers, not private keys; unauthorized outflows halted. Investigation ongoing into the breach method. #Breaking #Crypto $BTC
New York has sued @Polymarket, alleging illegal gambling operations, seeking up to $36 billion in penalties. This adds to ongoing disputes over prediction markets and state gambling regulations. #Breaking #Legal $USDC
The U.S. Federal Reserve proposed new regulations under the GENIUS Act, affecting stablecoin rewards and capital requirements, with public input needed before finalization. #Update #Crypto $USDC
@Bitget reports a system breach exposing $351.6 million, with unauthorized transfers from hot wallets; cold wallets and user funds remain secure. Withdrawals paused for security review. #Breaking #Crypto $ETH
Robinhood’s AMC token spiked from $2.55 to $23.16 before dropping to $3.26, with $10.5M in volume; issuer did not mint/burn tokens during the price divergence. #Update #Crypto $AMC
