According to Bitcoin News monitoring, $176 million worth of ETH and USDT0 was transferred from multiple Bitget wallets to a single address, in what appears to be unauthorized activity. This suspected hack did not involve Bitcoin. Bitget has not yet commented.
Odaily News: The U.S. Federal Reserve plans to establish rules for payment stablecoins issued by banks, requiring that every $1 of tokens be backed by at least $1 in approved reserve assets, with customer redemptions typically completed within two business days. If an issuer persistently falls below minimum capital requirements, it may be required to liquidate reserve assets and redeem all tokens.
Reserve assets may include U.S. dollars, Federal Reserve bank balances, certain bank deposits, U.S. Treasury securities with remaining maturities of no more than 93 days, eligible repurchase agreements, and qualifying investment funds, and tokenized forms of certain assets may also be included. If reserves are insufficient, the issuer must notify the Federal Reserve and restore full backing, or otherwise liquidate reserves and redeem the dollar-pegged tokens.
The Federal Reserve plans to require issuers to hold standardized capital against operational and certain credit risks, with a capital charge of 2% on the first $20 billion of issued stablecoin scale and 1% on amounts exceeding $50 billion. Another proposal would allow insured depository state member banks to apply to establish subsidiaries that issue payment stablecoins, and the GENIUS Act provides that after an application is substantially complete, the Federal Reserve must make a decision within 120 days.
Federal Reserve Governor Michael Barr said stablecoins should be reliably and promptly redeemable at par under a variety of market conditions and when issuers run into problems, and he called for the final rules to clarify a universal redemption right. He also expressed concern about the threshold requiring anti-money laundering deficiencies to reach a "material or systemic" level before triggering supervisory or enforcement action. The public comment period is 60 days after publication in the Federal Register. (Bitcoin.com News)
Odaily reports: DoubleZero has launched a dedicated fiber market data service for decentralized exchange Hyperliquid, enabling professional trading institutions to obtain complete order book data via fiber optics rather than relying solely on public APIs.
The service covers Hyperliquid's native perpetual contracts as well as markets operated by trade[XYZ], which provides perpetual contracts linked to assets such as crude oil, gold, and silver on Hyperliquid's infrastructure.
DoubleZero's Edge market data service had previously integrated with Solana and prediction market Kalshi, making Hyperliquid the third platform to adopt the service. (Cointelegraph)
Odaily News: Tokenization company Ondo Finance sought a sale to potential buyers following the death of founder and CEO Nathan Allman. A legal dispute over control of the company may have put the sale plans on hold. Ondo Finance offers tokenized U.S. Treasury and equity products, with combined product scale exceeding $3.8 billion. (CoinDesk)
Odaily reports: The U.S. Securities and Exchange Commission (SEC) issued a position on September 17, granting a five-year exemption for qualifying tokenized U.S. stocks, allowing them to be traded on-chain in the United States. The tokens must carry the same dividend, voting rights, and share class rights as the underlying stocks.
Synthetic exposure products are not covered by the exemption. AMC Entertainment CEO Adam Aron called Robinhood's tokenized AMC shares a "quasi-fake market" and threatened legal action, while Robinhood CEO Vlad Tenev stated that public companies have no right to approve every product developed based on their stocks.
Over seven trading days from August 31 to September 9, the median deviation between the closing price of Robinhood AMC tokens in the Uniswap pool and the closing price of AMC on the New York Stock Exchange was 0.87%, with a maximum deviation of 2.71%. The Uniswap pool carries approximately 95% of the related trading volume. (CoinDesk)
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has clarified that commodity firms will not face penalties for allocating investor funds to tokenized assets.
The CFTC also noted that the existing regulatory framework allows institutions to use blockchain technology to maintain official records. (CoinDesk)
Odaily reports that Bitcoin Treasuries states Strive is expected to have raised sufficient funds to purchase over 135 Bitcoin today, bringing its cumulative weekly purchases to over 1,100 Bitcoin.
According to Onchain Lens | Robinhood ⚡ monitoring, a whale withdrew 27,300 HYPE, worth approximately $2.55 million, from Coinbase minutes ago. Over the past 16 days, this wallet has accumulated 81,900 HYPE, worth approximately $7.13 million.
Odaily reports that Bitcoin News posted on X platform stating that Blink said all account balances that suffered financial losses in the September 19 security incident have been restored to pre-incident levels.
The software vulnerability had allowed attackers to transfer funds from dozens of accounts and obtain account information of approximately 3,400 other users. Blink stated that no funds were stolen from these 3,400 accounts, and the attackers did not obtain users' names, identification documents, or addresses; the company has contacted affected users and will publish a full incident review.
Odaily News: According to Gate data, Brent crude oil (XBRUSD) rose above $106/barrel, currently reported at $106.02/barrel, with a 24-hour gain of 2.9%.
Odaily News: French semiconductor company Sequans Communications has announced the sale of its remaining 314 Bitcoin, completely exiting a reserve strategy that once held over 3,200 Bitcoin. The company stated that this move followed the redemption of convertible debt in May and that it will refocus on cellular IoT and software-defined radio businesses.
Sequans said the proceeds from the Bitcoin sale have been used to settle convertible debt and improve its balance sheet. The company currently holds no cryptocurrency and has no outstanding debt other than government-funded R&D obligations. (Cointelegraph)
Odaily News: Musk stated that SpaceX (SPCX.O) will continue to accelerate its artificial intelligence development, and said that if the current growth momentum is maintained, SpaceX is expected to reach a leading position in the AI field within approximately 6 months.
Musk pointed out that SpaceX's AI project has only been underway for about 3 years, while Anthropic and OpenAI have histories of 6 years and 10 years respectively, but the company still possesses the potential to catch up rapidly. He stated that higher AI capability is not always better, and that once intelligence levels have surpassed the requirements of a certain type of task, further improvement yields limited value. Musk also emphasized that the key challenge in AI competition lies in hardware and computing power, as the rapid deployment of large-scale computing capacity is extremely difficult, while SpaceX has already demonstrated strong infrastructure-building capabilities and will continue to improve them.
Odaily reports that according to Gate data, Brent crude oil (XBRUSD) briefly pulled back to $104/barrel, now trading at $103.91/barrel, up 0.8% in 24 hours.
Odaily report: Genius co-founder Ryan Myher stated that Genius is essentially a crypto asset trading terminal, and points are an additional benefit users may earn when trading. He said that all users of Genius have agreed to the airdrop terms, and the points rules will also be adjusted based on actual conditions. Due to a recent decline in the platform's trading volume, the daily points distribution has been reduced accordingly. Ryan Myher stated that he hopes to operate Genius for the long term and promised that "his own tokens will not unlock before users'."
Odaily News: A data center developer backed by an affiliate of Blue Owl Capital has announced a $1.1 billion bond offering to bet on AI compute, funding a data center project on Digital Drive near Richmond, Virginia. The data center will have 76 megawatts of IT capacity and will be fully leased by CoreWeave under a 15-year, $2.94 billion contract. It is expected to become operational between 2027 and 2028. (Bloomberg)
