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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%

Bitcoin miners’ selling pressure could ease if BTC sustains its move above the estimated production cost of $85,000, JPMorgan analysts led by Nikolaos Panigirtzoglou said, according to The Block. The analysts said BTC had remained below its average production cost for 280 days before this week’s sharp rally. They added that Bitcoin’s production cost has historically acted as a weak price floor, and if BTC stays below that level for an extended period, miners with high electricity and equipment costs could see profitability deteriorate. In that case, those miners may sell more Bitcoin, halt mining operations, or exit the market, the analysts said. If current conditions persist, they added, that would provide relief to Bitcoin miners and reduce the risk of forced selling.

The U.S. Federal Reserve Board is seeking public feedback on two proposed rules tied to a regulatory framework for issuers of regulated payment stablecoins under the GENIUS Act, Unfolded reported. The Fed plans to establish rules for bank-issued payment stablecoins, under which each $1 token would have to be backed by at least $1 in approved reserves, while customer redemptions would generally need to be completed within two business days.

U.S. Commodity Futures Trading Commission staff updated a crypto-related FAQ, CoinDesk reported. The update includes guidance on customer funds invested in asset tokens and on how to meet recordkeeping requirements using blockchain technology. CFTC Chairman Mike Selig described the move as part of efforts to provide regulatory clarity for the crypto industry.

Nubank, the largest digital bank in South America, has begun banking operations in the U.S. through a partnership with Lead Bank, and Goldman Sachs predicts the stock could surge about 70%, CNBC reported.

U.S. Defense Secretary Pete Hegseth disclosed at least $3.1 million in assets, including cash, retirement investments and Bitcoin, CNBC reported. According to documents from the Office of Government Ethics, Hegseth and Hegseth's family reported holding about $16,000 to $65,000 worth of BTC.

Morgan Stanley and consulting firm Oliver Wyman published a joint report projecting the tokenized real-world asset market will reach $2.3 trillion by 2030. The market is currently valued at around $40 billion in 2026, implying growth of more than 150%.

Nasdaq-listed semiconductor company Sequans Communications has sold its remaining 314 BTC, ending a Bitcoin accumulation strategy under which it had previously held more than 3,200 BTC, Cointelegraph reported. Sequans announced in May it was ending the strategy and said it would refocus on its core IoT business and strategy.

Paxos Labs has launched PAXGy, a new token based on Pax Gold (PAXG). PAXGy is designed to appreciate against gold rather than the U.S. dollar, according to The Block. The token generates yield by deploying its PAXG reserve assets in the institutional gold lending market. That income is reflected in the token’s value, so the amount of PAXG redeemable for one PAXGy increases over time.

OpenZeppelin announced it has applied its proprietary security standards to the TRON network, according to Bitcoinist. As a result, developers building on TRON can now use OpenZeppelin’s security-focused development framework tailored to the network.

Ethereum co-founder Vitalik Buterin said at a blockchain summit in Shanghai that blockchains need new cryptographic technologies, according to Wu Blockchain. Buterin said blockchain is evolving beyond a simple standalone ledger into a broader cryptographic network spanning Layer 1, Layer 2, the mempool, off-chain computation and structures in which multiple participants produce blocks together. Buterin added that advances in powerful data analytics and artificial intelligence are making the limitations of early public blockchains’ privacy models increasingly clear. Against that backdrop, technologies including SNARKs, STARKs, fully homomorphic encryption, or FHE, and formal verification are becoming key tools for privacy, scalability and security. Buterin also said zero-knowledge technology is moving beyond the long-term roadmap stage and is now being translated into concrete Ethereum Improvement Proposals, while AI is accelerating the development and verification of complex cryptographic systems.

The number of Bitcoin ATMs installed in the U.S. fell 36.92% from about 30,000 at the start of this year to 19,000 as of Sept. 24, Finbold reported. Finbold added "비트코인 가격이 상승함에 따라 미국 내 비트코인 ATM가 추가 설치될 가능성도 있다."

Russia’s central bank has established market entry procedures for digital custody institutions, cryptocurrency trading platforms and operators of digital rights information systems, according to local media. The relevant market participants will be required to register in their respective registries, and the rules have completed registration with the Russian government and will take effect on Oct. 5.

Only four of the top 20 crypto treasury companies are trading with equity values above the value of their holdings, while the other 16 have a market cap-to-net asset value ratio below 1.0, DWF Ventures said in a report, according to Crypto Briefing. That implies, in theory, investors could buy shares in those 16 companies and liquidate the underlying crypto for more than the purchase price. The report said the market is valuing most of these companies below the token value they hold and argued the issue lies in their structure, adding that the way these companies grow could undermine their foundations.

Austin Campbell, an adjunct professor at New York University’s Stern School of Business, said in an interview with CoinDesk that while market attention is centered on the CLARITY Act, the actual implementation of the stablecoin framework under the GENIUS Act will be the key driver for the broader crypto market.

Crypto-based casino platform Duelbits has temporarily suspended operations after a hot wallet hack worth around $7 million. Duelbits said it had confirmed a hack causing losses of about $7 million and was investigating exactly what happened and how. The platform added that user funds are safe and that it will keep the site temporarily closed as a precaution until the investigation is complete and the hot wallet is replenished.

Bitcoin layer-two developer Alpen Labs announced a partnership with Circle to integrate USDC and CCTP into its Bitcoin finance system. The move will allow Bitcoin holders to borrow, lend and trade using USDC liquidity without selling BTC or moving it to another network. Alpen Labs said CCTP will also connect USDC between Alpen and other supported networks. The company said users will be able to move USDC across multiple chains without relying on wrapped tokens for swaps, payments and treasury rebalancing.