AI-powered summaries of the day's top crypto events
Bitget has begun a phased resumption of withdrawals following a $388 million exploit. The exchange has patched the vulnerability and assured users that losses will be covered by its protection fund. Bitcoin withdrawals are now open, with Ether and USDT to follow in the coming days.
The US SEC has released updated guidance on how federal securities laws could apply to token issuers, following a failed cloture vote on the CLARITY Act. This follows similar guidance from the CFTC, indicating a coordinated regulatory approach towards crypto assets.
A new Senate report claims that Tether's stablecoin USDT is central to Iran's shadow banking system. The investigation highlights concerns over the use of stablecoins in circumventing international sanctions.
Researchers from UC San Diego successfully impersonated a hardware security module without extracting its key, demonstrating a potential vulnerability in cryptographic security. This raises concerns about the robustness of hardware wallets used in the crypto industry.
Bitcoin ETFs have seen $2.4 billion in inflows, marking the largest weekly increase since October 2025. The inflows come as Bitcoin's price briefly exceeded $87,100, though it has since pulled back, with Ether and XRP ETFs also seeing increased investment.
Scammers built a counterfeit version of the GIWA blockchain, tricking users into depositing 767 ETH, worth approximately $2 million. The fake network mimicked GIWA's anticipated Ethereum Layer 2 mainnet, complete with a cross-chain bridge and Chain ID.
Chainlink has updated its crypto bridge technology to include custom security checks, aiming to prevent vulnerabilities similar to those that led to a $292 million hack at a rival bridge. The update is expected to strengthen the security of cross-chain transactions.
Bitmine has increased its holdings to over 6 million ETH after purchasing an additional 17,362 ether. The company now controls 4.9% of Ethereum's circulating supply, with 84% of its tokens staked to generate substantial annual rewards.
Brazil will require financial institutions to report large crypto transfers involving self-custody wallets starting October 1. The new rule mandates notification to the Financial Activities Control Council for transactions of at least $10,000.