INTEL: EU banking regulator wants crypto lending brought under MiCA, including platforms that connect users to DeFi lending protocols
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INTEL: Federal Reserve is moving to implement the GENIUS Act with new rules covering stablecoin reserves, capital, liquidity and risk management
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INTEL: Bitget hot wallet potentially hacked.
Onchain data shows ~$19.7M in USDT0 leaving a Bitget wallet on Arbitrum, swapped for ~7,111 ETH in six minutes at up to 5% over spot. Cause unclear. Bitget has not commented. Monitoring. Stay safe.
Twitter
Onchain data shows ~$19.7M in USDT0 leaving a Bitget wallet on Arbitrum, swapped for ~7,111 ETH in six minutes at up to 5% over spot. Cause unclear. Bitget has not commented. Monitoring. Stay safe.
Update: Hack currently ongoing, already over $170M worth of assets withdrawn from hotwallets and cold wallets swapped to ETH
INTEL: A whitehat reportedly moved 3,832 NFTs worth over $1.5 million to safety after old Magic Eden Ethereum approvals left them exposed to being taken for 0 $ETH
If you ever used Magic Eden on Ethereum, revoke old marketplace approvals immediately
Twitter
If you ever used Magic Eden on Ethereum, revoke old marketplace approvals immediately
Blockaid traced the issue to Limit Break’s Payment Processor V2, where old operator approvals can still be used to transfer NFTs for 0 ETH. Canceling listings or a master nonce does not remove that permission
The whitehat says assets moved to a rescue wallet and are safe and will be returned. He is urging users to revoke Payment Processor V2 on Ethereum and V3 on ApeChain via revoke dot cash
INTEL: KelpDAO has sued LayerZero and co-founder Bryan Pellegrino over the rsETH bridge exploit, alleging LayerZero failed to disclose security risks and prevent attackers from compromising its infrastructure
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INTEL: Ethena expands USDe’s basis trade into equity perpetuals through Binance, taking its collateral opportunity from $2.5T in crypto to $150T+ in real-world assets
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INTEL: Strategy is asking shareholders to approve daily dividend payments for STRC, STRF, STRK and STRD
Vote is Oct. 28. Annual dividend rates would stay unchanged
Twitter
Vote is Oct. 28. Annual dividend rates would stay unchanged
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INTEL: U.S. durable goods orders were flat in August, beating expectations for a 0.3% decline
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INTEL: Bitget CEO Gracy Chen says $387.5 million was transferred to attacker wallets in the Sept. 24 hack, up from the initial $351.6 million estimate
Withdrawals are being prepared to resume, with a full plan due Sept. 26 at 04:00 UTC
Twitter
Withdrawals are being prepared to resume, with a full plan due Sept. 26 at 04:00 UTC
INTEL: Nvidia CEO Jensen Huang says AI is ushering in a “low IQ era” where children may no longer need to learn basic math
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INTEL: Jensen Huang says slowing AI development won’t make it safer
He argues the answer is better engineering, stronger monitoring and more advanced AI systems that can detect and stop dangerous behavior
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He argues the answer is better engineering, stronger monitoring and more advanced AI systems that can detect and stop dangerous behavior
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INTEL: SEC staff issues new FAQs clarifying how securities laws apply to crypto
SEC staff says token buybacks on functional protocols generally do not involve essential managerial efforts. Liquid staking tokens can qualify as digital commodities or digital tools rather than securities while maintenance, enhancements and system grants generally are not considered essential managerial efforts.
Promoting crypto utility without profit claims generally does not create an investment contract.
Read more
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SEC staff says token buybacks on functional protocols generally do not involve essential managerial efforts. Liquid staking tokens can qualify as digital commodities or digital tools rather than securities while maintenance, enhancements and system grants generally are not considered essential managerial efforts.
Promoting crypto utility without profit claims generally does not create an investment contract.
Read more
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INTEL: SEC Commissioner Hester Peirce is set to leave the agency on October 2
Her departure comes as the SEC continues advancing crypto rules around KYC and zero-knowledge proofs that could allow users to prove compliance without exposing underlying personal data.
Twitter
Her departure comes as the SEC continues advancing crypto rules around KYC and zero-knowledge proofs that could allow users to prove compliance without exposing underlying personal data.