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Metalpha withdrew 11,179 ETH worth $30.12 million from Binance an hour ago, according to Lookonchain. Exchange withdrawals are typically interpreted as a sign of holding intent.

A wallet identified as bc1qln moved 4,500 BTC worth $381.38 million after more than four years of dormancy, according to Lookonchain.

A whale or institution deposited 541,000 HYPE to Kraken 15 minutes ago, worth $49.54 million, according to EmberCN. The tokens had been withdrawn from Coinbase Prime two weeks earlier at an average price of $73.9. If the full amount sold after the Kraken deposit, the estimated profit would be $9.52 million.

A proposed Ethereum design would keep trading data for real-world asset tokens confidential while preserving compliance functions, The Defiant reported. The draft focuses on allowing token issuers to retain necessary enforcement and control powers without disclosing details such as transaction amounts, and it aims to meet both the privacy and regulatory compliance requirements sought by institutional investors. The approach would bring regulatory control features typically emphasized in permissioned blockchains to RWA tokens built on public Ethereum.

Bitcoin researchers have proposed a "Shielded Bitcoin" system that could hide transaction amounts and counterparties without a soft fork or consensus rule changes, CryptoSlate reported. In a paper released on Sept. 24, the [[alloc] init] research team outlined a metaprotocol for implementing ZK proofs, encrypted notes and public nullifiers, core privacy features used by Zcash, on top of Bitcoin. The current design records encrypted transfer data in OP_RETURN, although some metadata, including transaction timing, fees and the number of inputs and outputs, would still remain visible. André Dragosch, head of research at Bitwise Europe, said the design could pose a potential challenge to privacy coins. Amid renewed attention on Zcash's privacy features and price reappraisal, the report said a future implementation of Shielded Bitcoin could offer an option for securing similar transaction privacy while continuing to use Bitcoin itself.

A wallet linked to Nasdaq-listed HYPE treasury buyer Hyperliquid Strategy, Hyperliquid Strategies (PURR), bought another 494,200 HYPE worth $45.8 million over the past 16 hours, according to Lookonchain. Over the past month, the wallet bought a total of 5.51 million HYPE worth $476 million, or an average of 183,574 HYPE per day. Hyperliquid Strategy currently holds 35.1 million HYPE worth $3.2 billion.

An anonymous whale deposited 6,000 ETH worth $16.1 million to OKX, Kraken, Gate, Bybit and Binance around an hour ago, according to Lookonchain. The transfers were estimated to be intended for selling.

Lookonchain compiled a breakdown of assets stolen in the Bitget hack: - 102.93 million XRP ($157.48 million) - 31,890 ETH ($85.75 million) - 34.75 million USDT - 21.05 million USDC - 19.67 million USD₮0 - 3,000 XAUt ($12.82 million) - 12,719 BNB ($9.88 million) - 821,012 AVAX ($8.38 million) - 20.59 million TRX ($7.07 million)

Bitget CEO Gracy Chen said the exchange is preparing to resume withdrawals suspended after a hack, but the exact timing has not been set. Chen said the attack differed from security incidents seen at some other exchanges, adding the current investigation suggests the hacker did not act through a private-key leak but instead bypassed parts of Bitget’s system to execute withdrawals. Bitget said it has completed all measures needed to prevent further damage and does not expect additional attacks. Chen also raised the possibility that a North Korean hacking group was behind the incident, saying some IP addresses matched VPN choices used by a specific North Korean hacking organization and the pattern was similar to past attacks linked to North Korea. Chen added that some of the stolen funds had been recovered, but did not disclose the amount.

CoinMarketCap’s altcoin season index came in at 53, up four points from yesterday. The index compares the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. An altcoin season is identified when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.

Some of Tether’s funds are tied up at overseas banking partner EQIBank, which is at risk of liquidation after U.S. authorities seized assets, The Information reported. Tether said the assets held at EQIBank account for less than 0.034% of its total assets.

Crypto trader Ansem said Solana DeFi is the most undervalued investment in the current cycle. Ansem said meme coins captured most of the attention in the last cycle, while Solana protocols such as Jito and Jupiter were still in the early stages of their token lifecycles. Ansem added that the protocols set to become Solana’s core infrastructure are now much clearer, and said low fees, fast execution, and rising on-chain volume are further strengthening the network’s foundation as retail investors, institutional investors, and tokenized stocks continue moving on-chain.

According to crypto options exchange Deribit, about $14.4 billion worth of Bitcoin options will expire at 8:00 a.m. UTC today. The put/call ratio stands at 0.84, and the max pain price, the level at which the largest number of options buyers lose their premiums, is $78,000. At the same time, about $2.1 billion worth of Ethereum options will also expire. The put/call ratio is 0.66, and the max pain price is $2,350.

CoinMarketCap’s in-house crypto fear and greed index came in at 73, down one point from yesterday, indicating slightly weaker market sentiment while remaining in greed territory. The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the gauge based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Most of the assets stolen in the Bitget hack, which involved $351.6 million in USDC, ETH and USDT, were swapped into 67,982 ETH worth $183 million, according to Lookonchain. The hacker is currently holding 68,500 ETH.

Brazil’s central bank will require the reporting of cryptocurrency transfers worth over $10,000 involving self-custody wallets, Bitcoin.com reported. The bank said the measure is intended to strengthen anti-money laundering and counter-terrorist financing oversight and address limited transaction data tied to wallets controlled directly by users. Under Central Bank Resolution 588, virtual asset service providers licensed in Brazil must report crypto transfers of more than $10,000 from or to self-custody wallets. Another resolution, No. 589, bans transactions with virtual asset service providers not licensed in Brazil. The rules are scheduled to take effect on Oct. 1.

Block has joined the x402 Foundation and will add Bitcoin Lightning Network support to x402, an open payment standard for AI agents, BitcoinNews reported. x402 is designed to embed payment functions directly into HTTP so AI agents can autonomously pay for goods, services and agent-focused tools without human intervention. Block said the growing agent economy is expected to generate billions of instant, low-cost micropayments and the Lightning Network is well suited to handling that demand.

Assets under management at Grayscale’s Zcash ETF, ZCSH, have surpassed $1 billion.

The U.S. Federal Reserve has proposed two rules to implement the GENIUS Act for oversight of stablecoin issuers, CoinDesk reported. The proposals enter a 60-day public comment period and lay out the legal and supervisory framework for stablecoin issuance. The first proposal sets capital and reserve requirements to ensure stablecoins are sufficiently backed by highly liquid assets, and defines the stablecoin-related activities banks supervised by the Fed may conduct. It also addresses the payment of interest or yield to stablecoin holders, while certain third-party linkage arrangements could be treated as prohibited activities. The second proposal outlines procedures for regulated banks to issue their own stablecoins. Banks would need to submit business plans, financial information, relevant policies and procedures, and other materials. The Fed emphasized stablecoins must be redeemable quickly and reliably at par even during periods of market stress. Rulemaking under the GENIUS Act had originally been due by July this year, but work by the Fed, the U.S. Treasury Department and other relevant agencies has run past the statutory deadline. The Treasury proposed a separate implementation rule in August, while the FDIC and multiple federal agencies have also begun drafting related regulations.

Bitget officially confirmed an unauthorized outflow of about $351.6 million from some of its hot wallets and said the full amount will be reimbursed through its $464 million user protection fund. The exchange said it temporarily suspended withdrawals immediately after detecting the incident and began emergency measures, while deposits, regular spot trading and assets held in cold wallets remain safe. Bitget said it is working to freeze related addresses and is investigating the cause of the incident with judicial authorities and on-chain security firms. The exchange plans to release a final analysis report within 24 hours. We previously reported around 8:00 p.m. UTC yesterday that signs of a hack had been identified at Bitget.

Bullish, Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth have formed a coalition focused on issuer-sponsored securities tokens, CoinDesk reported. The Issuer Sponsored Token Coalition plans to study technical standards, settlement, custody and how securities can move between existing market infrastructure and blockchain networks. A key focus is issuer-led tokenization, in which stock tokens are linked to a company’s official shareholder registry. The structure is designed to preserve rights including voting, dividends and participation in corporate actions.

Ondo Finance sought a sale at some point after founder Nathan Allman died on May 25, according to a CoinDesk report citing industry sources. The identities of those behind the sale effort were not disclosed, and the plan appears to have been put on hold amid a corporate control dispute. In early August, Allman’s family sued Ondo interim CEO Ian De Bode, alleging he had illegally secured power and financial gain, triggering a management control battle at the company. Ondo denied the claim, saying, "매각 추진은 사실이 아니다."

Gnosis Pay announced a phased shutdown of its consumer debit card business. The company’s directly sold consumer card and web application will end service at 11:59 p.m. UTC on Dec. 20, according to Crypto Briefing. After that date, transactions and ATM withdrawals using the Gnosis Pay debit card will no longer be supported, while the web app will remain available on a limited basis for fund withdrawals only.

Bitget is estimated to have suffered a hack of more than $100 million, Wu Blockchain reported. Three hot wallets and one cold wallet appear to have been compromised, with about $170 million in assets transferred and swapped into Ethereum. The affected wallets are said to still hold about $530 million in assets. The attack vector and total losses have not yet been confirmed, and Bitget has not issued an official statement.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.02% - Nasdaq: +0.01% - Dow Jones: -0.31%