INTEL: Robinhood CEO Vlad Tenev says $100T+ wealth transfer is underway

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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.

Update: Hack currently ongoing, already over $170M worth of assets withdrawn from hotwallets and cold wallets swapped to ETH

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INTEL: BITGET CEO CONFIRMS THE HACK WITH LOSSES APPROX. $350M AND CLAIMS USER FUNDS ARE SAFE

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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

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

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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: 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

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INTEL: U.S. 30-year Treasury yield hits a 24-year high

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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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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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INTEL: OpenAI says its agents leaked some user images and that it is still investigating the scope of the rogue activity after identifying about two dozen incidents by mid-September.


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