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Breaking News
Bitget Hack Linked to North Korean Hackers
Bitget confirmed a $351.6 million breach after unauthorized transfers drained hot and warm wallets, with CEO Gracy Chen pointing to North Korea's Lazarus Group as preliminary evidence mounts.
Brazil Brings Self Custody Into New Crypto Reporting Rules
Brazil's central bank published Resolution BCB No. 588 on September 23, bringing self-custody crypto wallets inside its anti-money laundering framework for the first time.
EU Watchdog Targets Crypto Lending Under MiCA
The European Banking Authority called for crypto borrowing and lending to be brought within the EU's Markets in Crypto-Assets regulation, one of the most significant regulatory proposals from Brussels' ongoing MiCA review.
Vitalik Buterin Warns Blockchain Privacy is Breaking Down
Ethereum co-founder Vitalik Buterin used his keynote at the 12th Global Blockchain Summit in Shanghai to deliver a pointed warning: the privacy assumptions blockchain was built on are eroding.
The Big Story
Bitget Hack: What We Know About The $351M Breach
Hackers broke into Bitget's backend systems on September 24, 2026, and moved about $351.6 million out of the exchange's hot and warm wallets. The exchange has paused withdrawals while it investigates, though some funds have been frozen or recovered. CEO Gracy Chen pointed to North Korean hackers as the likely culprits, with preliminary evidence mounting toward the Lazarus Group. XRP held the biggest share of stolen funds, and the breach stands as potentially the largest exchange hack of 2026.
Top Stories
The Fed is drafting its stablecoin rulebook
The Federal Reserve Board opened a public comment period on two proposed rules that would establish a regulatory framework for stablecoin issuers it supervises. The first proposal would require that Fed-supervised payment stablecoin issuers fully back their stablecoins one-to-one with reserve assets. The second would set capital, liquidity, and risk management standards, marking the latest step in U.S. regulators' push to implement the GENIUS Act.
Quant secures a key role in US bank payments
The Clearing House selected Quant Network to power its On-Chain Money Initiative, a project examining how tokenized commercial bank deposits could function within the U.S. payments system. The initiative will test real-time settlement, programmable payments, and cross-border transactions using tokenized deposits from major U.S. banks. Quant's Overledger platform will handle interoperability across blockchain networks, letting tokenized deposits move between different ledgers without requiring bridges.
Arbitrum Introduces a New Way to Prioritize Transactions
Arbitrum replaced its Timeboost transaction ordering system with Priority Gas Auctions (PGA) and launched Fast Feed, a paid data service on Arbitrum One. The change went live on September 24, ending a system that had only been running since April 2025. PGA lets users and applications compete for priority inclusion by bidding extra gas on individual transactions, while Fast Feed delivers sub-100ms block updates to subscribers for a monthly fee.
Deep Dive of the Week
Avalanche Vs Solana: How They Handle Scaling Differently
Avalanche and Solana both aim to handle more users without slowing down, but they've chosen fundamentally different technical paths. Avalanche splits activity across independent subnets, each with its own validators and rules, while Solana pushes everything through a single optimized pipeline. This research piece breaks down how each chain's architecture shapes its speed, security, and ability to scale under real-world load.
By the Numbers
$351.6 million: Total drained from Bitget in what may become the largest exchange hack of 2026, with XRP holding the biggest share of stolen funds.
$624 million: USDC circulating on Arc, Circle's stablecoin blockchain, just one week after its public mainnet launch on September 16.
138.9 million transactions: Processed by Internet Computer in a single 24-hour window on September 23, a new performance milestone pushing peak throughput to 1,608 transactions per second.
$66: Estimated cost of preparing a quantum-safe Bitcoin transaction, down from around $320 in August, following StarkWare's open coding contest.
79%: Binance Simple Earn APR offered to Plume holders in a new promotional slot, paid out in BNB rewards.
96%: SHROOM's gain over the past week, pushing the Robinhood mushroom mascot memecoin's market cap to $25 million and drawing attention to tokenized stock markets on Robinhood Chain.
On Our Radar
Ondo launches Intelligent Portfolios: Ondo Finance introduced curated portfolios delivered as single onchain transferable tokens, with PancakeSwap moving quickly to integrate the offering and add support for BlackRock-backed portfolio tokens.
Trump discloses Strategy stock purchases: US President Donald Trump disclosed two separate purchases of Strategy (MSTR) shares valued between $51,000 and $115,000, adding to his growing crypto-linked portfolio.
XRP Ledger sees massive account surge: The XRP Ledger recorded 11,432 new wallets in a single day on September 24, roughly 320% above the 30-day average of approximately 2,700, one of the largest expansions in network activity observed over the past year.
Solana tests Alpenglow consensus upgrade: Solana's biggest consensus overhaul to date went live on testnet, switching on the Alpenglow upgrade that replaces the chain's finality mechanism without stopping block production.
Until Monday.