Today’s news tips:
Bitget CEO: Replenished protection fund to $300 million within a week, fulfilling security commitments since 2022
THORChain: Network suspension is an emergency safety mechanism, not a selective freeze
Circle co-founder Sean Neville resigns from board of directors, chief financial officer remains on until end of 2026 and then resigns
Bitcoin spot ETF saw net inflows of $2.386 billion last week, hitting a new high in nearly a year
DYORSWAP: The DYOR contract was not attacked, and more than 200 ETH compensation has been issued.
Promoted by cooperation with The Clearing House, an American clearing house, Quant (QNT) has risen by more than 340% in the past seven days.
Bitwise NEAR spot ETF approved by NYSE Arca for listing
Bloomberg Analyst: Bitcoin and other cryptocurrencies have underperformed in the past decade, and the peak of cryptocurrencies has passed
Supervision & Macro
Ministry of National Security: The so-called "anonymity attribute" of virtual currencies is fundamentally a false proposition
The official account of the Ministry of National Security issued an article "Virtual currency crimes cannot be traced?" Thinking too much! ”, pointed out that virtual currency has become an important tool for criminals to engage in illegal and criminal activities, breeding various security risks such as money laundering crimes, cyber attacks, and espionage. The article emphasizes that the so-called "anonymity attribute" of virtual currency is fundamentally a false proposition. The complete retention of transaction records and other data in the blockchain provides the basis for full-link traceability.
Trump plans to host Anthropic CEO at private dinner at White House on Sunday night
According to Axios, citing people familiar with the matter, U.S. President Trump plans to host a private dinner at the White House on Sunday night to entertain Anthropic CEO Amodei. The dinner was the first one-on-one meeting between Trump and Amodei, indicating that the relationship between Anthropic and the Trump administration is easing. Trump and House Speaker Johnson plan to meet with a number of top AI company CEOs at the White House on Tuesday, and this dinner can be regarded as a "warm-up" for the meeting.
U.S. Senator Lummis: The Clarity Act, which was rejected by the Democratic Party, empowers the Treasury Department to combat money laundering in offshore exchanges
U.S. Senator Cynthia Lummis of Wyoming posted that Democrats had requested that the Treasury Department be given new powers to cut off the channels for money laundering activities through offshore exchanges such as Binance, and her Clarity Act has provided the Treasury Department with relevant authority. But she said Democrats defeated legislative attempts to tighten regulations on money laundering at offshore crypto exchanges by voting against the bill on the ballot.
Project news
Bitget CEO: Replenished protection fund to $300 million within a week, fulfilling security commitments since 2022
Bitget CEO Gracy Chen said in a live broadcast that attackers used vulnerabilities in third-party security products to steal intranet credentials and forged withdrawal instructions to the wallet system to bypass risk control verification. The private key has not been leaked, the cold wallet has not been affected, the vulnerability has been fixed, and the incident has been fully controlled. Approximately US$388 million in assets were transferred, and the attacker’s address and on-chain tracking data have been released. This loss will be fully borne by the user protection fund, which will be replenished to at least US$300 million within a week after it is used. Bitget has launched an asset recovery plan.
A user accused MEXC of failing to revoke the attacker's API after helping to recover his account, resulting in the theft of approximately US$340,000 in assets.
MEXC user @shuangfei8 posted that 322,110 USDT and 9,133,999 ONE were withdrawn from his account on September 27, totaling approximately US$340,000. The person involved said that on September 25, the attacker successfully changed the email address and reset the security items by forging materials, and created an API key while briefly controlling the account. MEXC later confirmed that it had been stolen and froze the account and assisted in the recovery. The user changed the password and verified with Google as required, but the API was not revoked. The assets were withdrawn through the API approximately 27 minutes after the 24-hour withdrawal limit was lifted, and there was no new login record during this period. The parties concerned questioned the platform’s review, freezing and risk control loopholes, submitted a formal claim and tried to call the police.
Bitget hackers are exchanging ETH for BTC via THORChain
According to Lookonchain monitoring, the Bitget hacker who stole US$351.6 million in funds is currently converting ETH into BTC through THORChain.
THORChain: Network suspension is an emergency safety mechanism, not a selective freeze
ThorChain announced that the network suspension is an emergency security mechanism designed to protect the protocol, and is not a selective freeze for specific funds or a single exchange transaction. In the May 2026 attack that resulted in the theft of $10.7 million in liquidity pools, the attacker’s address was never blacklisted or blocked from participating in exchange operations. THORChain is permissionless, and its original design does not include a censorship mechanism. It is a neutral public product or tool.
Circle co-founder Sean Neville resigns from board of directors, chief financial officer remains on until end of 2026 and then resigns
Circle co-founder Sean Neville resigned from the board of directors due to personal reasons, effective immediately, and the number of board members was reduced from eight to seven. The company's chief financial officer, Jeremy Fox-Geen, informed of his intention to leave his post and will continue to serve until the end of December 2026 to assist with a smooth transition. The company has launched the search for its next chief financial officer with the assistance of a well-known executive search firm. Fox-Geen's departure did not stem from disagreements related to company operations, policies or practices.
Upbit will list CASHCAT tokens on the Korean Won, BTC, and USDT markets
According to an official announcement, South Korean crypto exchange Upbit will list CASHCAT tokens on the Korean Won, BTC, and USDT markets, and trading will begin at 17:00 local time on September 28.
Binance will launch multiple U-based TradFi perpetual contracts
According to the official announcement, Binance will launch five U-based perpetual contracts, OKLOUSDT, TWSTUSDT, CVNAUSDT, RUMUSDT, and XOMUSDT, from 17:00 to 17:20 on September 28 (Eastern Eighth District time), supporting up to 20 times leverage.
Capital B increased its holdings of 13 Bitcoins and currently holds a total of 3,538 Bitcoins.
French Bitcoin treasury company Capital B purchased 13 BTC for 970,000 euros and currently holds a total of 3,538 BTC. The BTC return rate so far this year is 2.20%.
DYORSWAP: The DYOR contract was not attacked, and more than 200 ETH compensation has been issued.
DYORSWAP stated in a statement that the recent incident was not that the DYOR contract was attacked, but that the application was affected by the fraudulent network "GIWA Chain 9134", which was initiated by the operator that controlled the bridging infrastructure and drained the real ETH supporting the network. About 1,335 addresses bridged funds, about 767.65 ETH entered the bridge, and finally about 766.25 ETH was withdrawn; DYOR had 1,479 operations on the chain, 1,148 of which were successful, involving 298 wallets and 104 pools. DYOR has used its own funds to distribute more than 200 ETH compensation to affected users, and the team is continuing to trace the deployer, source of funds and the flow of funds.
In response to the theft of approximately US$340,000 in user assets, MEXC has set up a special team to provide solutions
MEXC tweeted in response to the incident of "approximately US$340,000 in user assets being stolen", stating that it has completed a preliminary investigation and provided corresponding solutions. The platform has set up a special team as soon as possible, with dedicated personnel to follow up on the relevant account situation and follow-up processing, and will continue to promote the process to protect the rights and interests of users.
Bithumb will list PYUSD token on the Korean won market
According to an official announcement, South Korean crypto exchange Bithumb will list PYUSD tokens on the Korean won market, and trading is expected to open at 15:00 local time.
Promoted by cooperation with The Clearing House, an American clearing house, Quant (QNT) has risen by more than 340% in the past seven days.
Quant (QNT) has risen 342.1% in the past 7 days and 97.6% in 24 hours, now trading at $298.75. According to an announcement on September 24, The Clearing House, an American clearing house, will use Quant to provide technical support for its "on-chain currency plan". This is a new interoperable payment network that enables financial institutions of all sizes to clear and settle tokenized deposit transactions. Quant technology will support interoperability, orchestration and transaction management, and interconnect with existing fiat payment systems including RTP and CHIPS. The clearing house handles more than $2 trillion in clearing and settlement business every day.
Bitwise NEAR spot ETF approved by NYSE Arca for listing
Arca, the New York Stock Exchange, has approved the listing of the Bitwise NEAR Protocol spot ETF, code "NRR", which is the first NEAR spot ETF in the United States; previously, investors mainly gained exposure through the Grayscale NEAR Trust. The ETF management fee is 0.75%, and is hosted by Coinbase Custody and pledges NEAR; the listing date has not yet been announced, and NEAR once rose to around $5 after the news was announced.
Vitalik releases science fiction novel "Snowmoon", incorporating governance settings such as secondary voting
Vitalik Buterin posted that he has completed his 32-chapter science fiction novel "Snowmoon". All the text is written by himself, and AI only assists in proofreading and consistency checking. The story is set in the fictional city-state Veridia and involves governance and technical elements such as quadratic voting, quadratic financing, cryptographic lottery elections, and zero-knowledge privacy authentication. The work is open sourced under the GPL v3 license, and it is required that if it is adapted into a film, television or animation, the adaptation process must also be open sourced.
Hyperliquid: The next upgrade will increase the HIP-4 deployment quota and lower the funding rate limit.
Hyperliquid co-founder Jeff Yan announced in the official Discord that the next network upgrade will increase the number of active results that a single HIP-4 deployer can maintain at the same time from 100 to 200 based on builder feedback, and the daily deployment limit will be increased from 500 to 1,000; at the same time, the perpetual contract funding rate limit will be reduced from 4% to 0.5% per hour. Officials stated that this limit is rarely touched in actual transactions.
Zano restarts the blockchain due to Gateway Address vulnerability and rolls back about one month of history
Privacy blockchain Zano discovered a serious vulnerability in Gateway Address, allowing unauthorized ZANO and fUSD to enter circulation. The investigation showed that the privacy of wallet payment keys or ordinary transactions was not compromised, and the core consensus mechanism was not affected. The team has coordinated network upgrades to clear out all unauthorized activity, and the blockchain has been restarted from block height 3,833,000 (before the 6th hard fork), affecting approximately one month of on-chain history. Nodes, miners, stakers and related services need to adopt emergency updates as soon as possible, and the team will work with affected projects to handle losses and announce compensation and claims processes.
MiniMax launches a new generation of extremely fast text model M3.1-Flash-Preview
The artificial intelligence company MiniMax announced the latest text model M3.1-Flash-Preview, which has been launched on MiniMax Code. This model is positioned in daily development scenarios and can be used to quickly fix bugs and implement complete functions, emphasizing response speed and stability. MiniMax also launched a limited-time event on MiniMax Code: from September 28 to October 7 (UTC+8), users can earn 2x points for daily check-ins, which is applicable to code models including M3.1-Flash-Preview and H3 models used to generate videos.
Investment and financing news
Monochrome Exchange, founded by former Binance Australia CEO, launched MCR IEO and has raised over 5.5 million USDT
According to Lookonchain monitoring, Monochrome Exchange, founded by Binance Australia co-founder and former CEO Jeff Yew, has launched the MCR token IEO and has raised more than 5.5 million USDT so far.
Opinion & Analysis
Ansem: Optimistic about the recovery of NFT in this cycle, focusing on experiments surrounding the NFT form itself
Crypto KOL Ansem tweeted that he was very optimistic about NFT’s real recovery in this cycle. Although art-type NFTs may be booming again, they are more focused on experiments surrounding the NFT form itself, including agency, ownership, new issuance mechanisms, and the combination of NFTs and on-chain products. The market is still in the early stages of a broader ecological rotation on the chain, and it is expected that there will be endless innovations in the NFT field in the future.
Analyst: Bitcoin demand has not yet improved, but has weakened further
CryptoQuant analyst Darkfost wrote that Bitcoin demand has not improved but has weakened further. Futures demand has dropped from 164,000 BTC to just 3,000; spot demand remains negative at -174,000 BTC, despite strong ETF inflows. The total demand estimate (30-day cumulative) dropped to -171,000 BTC. At the same time, Bitcoin prices have still risen from $74,000 to $84,000 in the past 15 days.
Bloomberg Analyst: Bitcoin and other cryptocurrencies have underperformed in the past decade, and the peak of cryptocurrencies has passed
Bloomberg senior analyst Mike McGlone pointed out in an article that from a risk and portfolio management perspective, Bitcoin and other cryptocurrencies may be classified as underperforming assets in the past decade. The Market Vector Digital Asset 100 Index (MVDA, about two-thirds of which is Bitcoin) has been basically sideways since 2017, while the Nasdaq 100 Index continued to rise during the same period; the volatility of MVDA is about three times higher on average and is positively correlated with the stock market, failing to effectively diversify risks. McGlone believes that after the launch of Bitcoin futures in 2017, cryptocurrencies entered the mainstream, and MVDA no longer outperformed NDX; the listing of US ETFs and Trump's change of stance before the 2024 election may have been the peak moment of cryptocurrencies, and this situation is unlikely to change.
Trader Doctor Profit: Profit has been taken to clear QNT positions. Some large investors are selling privately but publicly calling on retail investors to buy.
Cryptocurrency trader Doctor Profit posted that all QNT profits have been taken. QNT’s price surged from $50 to $374 in a matter of days, a staggering increase. He saw many people on X convincing themselves not to sell while strongly encouraging others to buy; the high funding rate indicated that there were a large number of crowded long positions in the market. He pointed out that some large investors were selling privately but publicly calling for buying. This environment made him uneasy. Even if the price continues to rise after selling early, he is satisfied with his decision.
Archetype Partners: Tokenized stock holders may exceed 100 million within three years
Archetype partner Dmitriy Berenzon wrote that there are approximately 4 million holders of tokenized stocks so far, and predicts that the number of holders will reach 100 million within three years.
Vitalik: Hegota may be the last "regular" upgrade of Ethereum, and will then transform into an "encrypted world computer"
Vitalik Buterin, the co-founder of Ethereum, published the article "The cryptographic world computer" and stated that Ethereum is evolving from a traditional blockchain into a "cryptographic world computer" that integrates blockchain, cryptographic privacy and verification, and decentralized off-chain components. He expects that the Hegota upgrade implemented next year may be the last "regular" upgrade. After that, the core directions will include recursive STARK, automated formal verification, highly optimized consensus algorithms and quantum security. By 2030, block verification will shift to SNARK verification and PeerDAS data availability sampling; the user side is expected to obtain stronger censorship resistance, privacy protection, lighter node operation requirements, as well as a time slot of about 4 to 8 seconds and a final confirmation time of about 8 to 32 seconds.
important data
Ethereum spot ETF saw a net inflow of $690 million last week, with BlackRock ETHA leading the way with a net inflow of $326 million
According to SoSoValue data, the Ethereum spot ETF had a net inflow of US$690 million on last week’s trading day (September 21 to 25, Eastern Time). BlackRock's ETHA topped the list with a weekly net inflow of US$326 million, with a total historical net inflow of US$13.28 billion; Fidelity FETH had a net inflow of US$174 million, with a total historical net inflow of US$2.420 billion. The total net asset value of Ethereum spot ETF is US$17.78 billion, the net asset ratio is 5.42%, and the historical cumulative net inflow is US$13.940 billion.
Bitcoin spot ETF saw net inflows of $2.386 billion last week, hitting a new high in nearly a year
According to SoSoValue data, the net inflow of Bitcoin spot ETFs on last week’s trading day (September 21 to 25, Eastern Time) was US$2.386 billion, a new high in the past year. BlackRock IBIT topped the list with a weekly net inflow of US$1.158 billion, with a total historical net inflow of US$65.280 billion; Fidelity FBTC had a net inflow of US$702 million, with a total historical net inflow of US$11.060 billion. The largest net outflow was WisdomTree BTCW, with a net outflow of US$4.0161 million. The total net asset value of BTC spot ETF is US$108.420 billion, the net asset ratio is 6.43%, and the historical cumulative net inflow is US$57.550 billion.
The GNGN associated address recharged 6,100 ETH to Coinbase 8 hours ago, which may be Robinhood network fee income
According to Aiyi’s monitoring, the GNGN-related address recharged 6,100 ETH to Coinbase 8 hours ago, worth US$16.38 million. This ETH was cross-chained from the Robinhood network to the Ethereum main network 6 days ago, and may be Robinhood network fee income.
South Korea’s virtual asset trading volume has dropped by more than 50% in the past year, with the top 10% of users contributing 96% of the transaction volume
According to Digital Asset, South Korea’s virtual asset trading volume has dropped by more than 50% in the past year, but the top 10% of users contributed more than 96% of the total trading volume, and trading activities have become more concentrated. Data submitted by the Korean Financial Supervisory Service to the office of Congressman Park Hongbae show that the trading concentration ratio of various exchanges in the first half of 2026: Upbit 95.6%, Bithumb 97.41%, Coinone 99.2%, Digital X 99.43%, Gopax 97.61%; the same period last year were 89.36%, 97.97%, 97.54%, 97.52%, and 97.95% respectively.
Analyst: A group of Robinhood chain issued coins 53 times and cashed out US$18.43 million
On-chain analyst Wazz posted that he discovered that there is a persistent "rug pull" cash-out gang on the Robinhood chain, which has been associated with at least 53 token launch projects in the past two months, with a total cash-out of approximately US$18.43 million. The actual scale may be larger; the DEED token cash-out amount that triggered this investigation did not even enter the top ten of this gang.
Data: 2Z, SUI, ENA and other tokens will be unlocked in large amounts next week, of which the value of 2Z unlocked is approximately US$114 million.
Token Unlocks data shows: DoubleZero (2Z) unlocked about 1.66 billion pieces on October 2, worth about $114 million; SUI unlocked about 13.26 million pieces on October 1, worth about $16.7 million; ENA unlocked about 40.63 million pieces on October 2, worth about $11 million; KMNO About 229 million pieces were unlocked on September 30, worth about $10.8 million; CARDS unlocked about 59.26 million pieces on September 30, worth about $10.7 million; EIGEN unlocked about 36.82 million pieces on October 1, worth about $10.3 million; FF unlocked about 77.14 million pieces on September 29, worth about $10.2 million.
Data: There were 845,900 new holders of USDT in the past seven days, more than twice that of USDC
According to Token Terminal data, in the past seven days, USDT has added 845,900 new holders, USDC has added 390,800 new holders, EURC has added 69,800 new holders, USDG has added 23,300 new holders, and CASH has added 18,600 new holders.
A Solana whale opened a long order of 20 times the contract, and its floating profit has now exceeded US$23 million.
According to Lookonchain reports, address 0x9c6a opened a 20x leverage long order about a month ago, long 550,087 SOLs, with a nominal value of approximately US$67.88 million, and currently holds over US$23 million in unrealized gains. The trader has placed a take-profit sell order near $200. If the price of SOL rises to US$200, its cumulative profit from this leveraged transaction is expected to exceed US$65 million.