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Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach

The CEO of crypto exchange Bitget isnt sure that the company can fully freeze or recover all the assets compromised in a security breach last week that resulted in the loss of $388 million in crypto.　　Speaking on Cointelegraph‘s Chain Reaction released Tuesday, Bitget CEO Gracy Chen said she was looking at the February 2025 hack of crypto exchange Bybit as a “good reference point” for Thursday’s breach. Hackers stole about $1.5 billion worth of Ether (ETH) from Bybit, and the company reported only freezing and recovering a combined $80 million.　　“I‘m actually not very optimistic because after a year or so of Bybit’s hack, they‘ve only [been able to freeze] about 3.5% of the total stolen funds,” said Chen. “That’s only the freezing. Its not about recovery yet.”　　Bitget CEO Gracy Chen (left) speaking to Cointelegraphs Ciaran Lyons (right). Source: Cointelegraph　　Bitget launched a bounty program in response to the incident, offering 5% of funds frozen and 5% for those recovered. Some companies have already stepped up to try to mitigate user losses.　　The team behind NEAR Intents reported on Monday that it had blocked more than $50 million in assets tied to the attack and froze about $500,000. Chen also confirmed that stablecoin

09-30انڈسٹری

Soneium and DayOneDream partner to tokenize K-pop IP

Soneium and DayOneDream have partnered to bring K-pop intellectual property and related revenue streams onchain through DayOneDreams WAVIST platform, following a tokenized IP bond that WAVIST completed in May.　　SummaryWAVIST will work with Soneium to develop tokenized K-content assets and revenue streams.WAVIST says its earlier K-pop IP bond completed issuance, redemption, and token burning.Access to future assets will depend on applicable rules and user eligibility.The partners announced the deal at Korea Blockchain Week in Seoul.　　According to a Sep. 29 announcement from Soneium and DayOneDream shared with crypto.news, the companies will combine WAVIST‘s work in entertainment financing with Soneium’s blockchain infrastructure. DayOneDream manages K-pop artists including BTOB, LEE CHAE YEON, MEMI and 2F, alongside music production, live events and IP commerce.　　The proposed assets would give eligible users a way to participate in the financial value tied to entertainment IP. For rights holders, the companies see tokenization as another route to raise funds and earn revenue from their work. The announcement makes that access subject to regulatory and eligibility requirements.　　How WAVISTs K-pop IP bond sets up the partnership　　WAVISTs earlier bond provides the clearest example of the financial activity behind the new deal. According to the announcement, WAVIST issued the tokenized bond in May

09-30انڈسٹری

Anthropic lost $42 billion, warned AI could resist shutdowns, but traders still price it at $2 trillion

Anthropic is preparing one of the largest IPOs on record, asking investors to finance an unusually expensive race for artificial intelligence dominance.　　The Claude developer has confidentially filed for an initial public offering that could value it at more than $2 trillion, according to a prospectus reviewed by Reuters. The listing is now expected after the November US midterm elections.　　The filing offers the clearest look yet at the economics, dependencies and technological risks behind a company whose valuation has multiplied alongside demand for generative AI.　　It also presents prospective shareholders with an unusual proposition: Anthropic is expanding at extraordinary speed, but doing so requires enormous spending commitments while its founders retain control over major corporate decisions.　　The seven co-founders plan to exercise 50.1% of voting power on key matters through a special Founder LLC and Class F share. Anthropic cautioned that decisions made under that structure could sometimes conflict with ordinary shareholders financial interests.　　Anthropics growth comes with a $518 billion compute bill　　Anthropics revenue jumped 1,088% in 2025 to $4.59 billion as businesses and developers increased their use of Claude.　　However, that growth came at considerable cost.　　The company posted an $8.06 billion operating loss after spending $7.33 billion on compute and infrastructure, up 190% from

09-30انڈسٹری

Morgan Stanley Has ‘Digital Asset Lab’: Report

Wall Street giant Morgan Stanley has launched a “digital asset lab” to test crypto products, according to reports.　　Bloomberg on Tuesday reported that the bank was using the lab to test products like stablecoins, tokenized assets and decentralized finance apps.　　Morgan Stanley is one of many banks delving deeper into the crypto world. The traditional finance titan became the first bank to debut a bitcoin exchange-traded fund in April.　　The fund, the Morgan Stanley Bitcoin Trust, now manages over $871 million in assets, according to its website.　　Citing an interview with Megan Brewer, who is head of firmwide market innovation and labs at the bank, Bloomberg reported that the lab gives Morgan Stanley a “secure, compliant and segregated environment to be able to test and explore some of these new areas of digital assets.”　　The report added that the labs team is working to test products like tokenized deposits, central-bank digital currencies and tokenized money market funds.　　Morgan Stanley has a number of so-called labs to test out new products, the report continued.　　Morgan Stanley has been making big crypto moves for years now. Back in 2021, it started offering wealthy clients exposure to bitcoin via funds such as those by Galaxy Digital.　　Last year, the banks CEO

09-30انڈسٹری

Anthropic IPO Filing Details AI Risks for Users and Investors

Anthropics IPO filing warns of AI shutdown resistance and manipulative behavior.Experiments showed models modifying scripts or using sensitive data to avoid replacement. Businesses and users should review AI permissions, privacy and shutdown controls.　　Anthropic warned in its IPO filing that advanced artificial intelligence could create “catastrophic or existential risks to humanity.” The disclosure raises questions for users, businesses and investors as AI systems gain authority to execute tasks, access sensitive information and operate business software.　　The prospectus identifies potential behavior, including resisting shutdown, concealing or manipulating information, and actions resembling blackmail. These warnings concern how more autonomous systems might behave when their objectives conflict with human control.　　What Anthropics Shutdown Warning Means in Practice　　Shutdown resistance describes actions that interfere with attempts to stop an AI system. In controlled experiments, this included modifying shutdown scripts or using sensitive information to pressure someone planning a models replacement.　　Anthropic documented blackmail behavior in simulated corporate environments. Models received access to fictional communications and faced scenarios involving replacement or conflicting goals. Researchers deliberately restricted alternatives to test whether systems would choose harmful actions.　　Discover more　　Financial literacy course　　Buy Ethereum online　　Bitcoin halving forecast　　Separately, Palisade Research found that some models disabled shutdown mechanisms despite instructions permitting termination. Results varied across models and

09-29انڈسٹری

WLD Price Prediction: Whales Are Loading — $0.55 Breakout or Fade Back to $0.44？

Rongchai Wang　　Sep 29, 2026 10:05 UTC　　WLD is sitting at $0.50 with smart money running 70% long and open interest spiking 25.76% in 24 hours, but the MACD has flatlined dead at resistance — the next 48 hours will decide whether this co…　　Coiled at Half a Dollar: WLDs Tense Morning Setup　　Right now, WLD is trading at exactly $0.50 — a psychologically loaded number that is doing precisely what round numbers always do: acting as a magnet and a battleground simultaneously. The 24-hour session printed a range of $0.47 to $0.52, and the -2.43% daily close tells you sellers defended the upper end of that range with conviction. But heres the thing — this isnt a market that looks broken. It looks compressed.　　Every single moving average from the 7-day all the way out to the 200-day is stacked below current price. That‘s a clean bullish alignment you don’t see in assets that are rolling over. The 200-day SMA sits at $0.36, the 50-day at $0.40, and the 20-day at $0.43 — WLD has climbed well clear of all of them. That kind of structure, combined with $72 million in Binance spot volume, tells me there‘s real capital rotating into this name. The

09-29انڈسٹری

September‘s Fee Record Proves Treasury Yields Are Out-Earning DeFi’s Busiest DEXs

Crypto has generated more in fees this month, September than in any other month so far this year, and there are still a few days left on the calendar. 　　I went through the DefiLlama fees dashboard to see whos actually behind the number, and the answer is a short list dominated by stablecoin issuers and one DEX that refuses to slow down.　　Fees Are On Pace For A Record Month　　DefiLlama‘s live protocol fees ranking shows the industry pulling in $81.51 million in fees over the past 24 hours and $2.411 billion over the past 30 days, a figure that includes a weekly change of -8.89% even as the monthly total keeps climbing. I’d read that weekly dip as noise rather than a trend reversal, since trailing 30-day totals rarely fall in step with a single soft week. With the month not yet closed, September edging out every prior 2026 month says usage kept building through the back half of the year rather than fading after the spring rally.　　I think the headline number matters less than where its coming from. A market-wide fee record can hide a lot of concentration, and this one does.　　Tether Leads By A Wide Margin　　Tether tops the list

09-29انڈسٹری

Goldman Sachs Just Put a $100B Treasury Fund on Avalanche Rails

Key TakeawaysGoldman Sachs is bringing its $100B FTIXX Treasury fund to Lynq on Avalanche.The move deepens Wall Streets use of onchain cash management as Avalanche RWA activity grows.Lynqs 30+ institutional firms could test whether tokenized Treasury access scales further.　　Avalanche Lands Goldman Sachs Treasury Fund Through Lynq　　Goldman Sachs is pushing one of its largest cash-management products onto blockchain-linked market infrastructure, giving institutional investors another bridge between traditional finance and crypto rails.　　The banks $100 billion Financial Square Treasury Instruments Fund (FTIXX), will be available through Lynq, a permissioned Avalanche Layer 1 network used by firms including B2C2, Wintermute, Galaxy, Falconx and Fireblocks. Eligible U.S. participants will access the fund through regulated broker-dealer tZERO.　　The practical appeal is straightforward: institutions can move cash into the Treasury fund and redeem shares without stepping outside the infrastructure they already use for digital-asset trading and settlement.　　Goldman Adds Treasury Yield to Crypto Market Infrastructure　　For institutional traders, idle cash has always been a capital-efficiency problem.　　The Lynq integration gives clients a way to put that cash to work between trades while maintaining access to real-time settlement infrastructure built for both traditional and digital assets.　　tZERO called the addition a major expansion of Lynqs treasury and cash-management capabilities, adding that it is

09-29انڈسٹری

US Senate Flags Tether Use in Iran Networks: What It Means

A Senate probe found 84% of the Iran-linked wallets used USDT almost exclusivelyTether says it helped freeze some $550 million in Iran-linked USDT this year.Cantor Fitzgerald, Tethers custodian, was once run by Secretary Howard Lutnick.　　A new Senate investigation has placed Tether under direct scrutiny for its role in Irans shadow banking network, raising questions about what tighter enforcement could mean for USDT holders and the exchanges that rely on it.　　What The Senate Report Found　　Senator Richard Blumenthal released a report from the Permanent Subcommittee on Investigations that reviewed blockchain activity across 846 wallets sanctioned or targeted over ties to Iran and its regional proxies.84% of those wallets transacted exclusively or nearly exclusively in USDTA narrower set of 757 wallets tied to Iranian terrorism financing showed 87% predominantly using Tethers stablecoinOne case cited $34.6 million continuing to move through sanctioned wallets for months after they were designated　　“My new PSI report exposes how Tether and its flagship token have become central to Irans shadow banking system, allowing the Iranian government to fund its regional proxies, commit human rights abuses, and pursue hostile drone and missile programs as they defy our sanctions regime,” Blumenthal said.　　Blumenthal sent letters to Attorney General Todd Blanche and Treasury

09-29انڈسٹری

A $7 billion crypto ETF plumbing boom just ran into the IRS

The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against structures designed to avoid taxable gains.　　The Treasury Department and IRS identified digital assets as one area where fund managers may be stretching tax provisions beyond their intended purpose, opening the door to additional rules or enforcement.　　On X, Treasury Secretary Scott Bessent said the agencies were “serious about cracking down on transactions designed to dodge taxes or exploit our federal tax code,” casting the notice as part of a broader push against tax-motivated investment strategies.　　The move puts a fresh tax question over a crypto ETF market that has spent the past year adopting the same in-kind machinery long used by traditional funds. Last year, the Securities and Exchange Commission (SEC) approved in-kind creations and redemptions for spot crypto exchange-traded products, saying the change could reduce costs and price slippage.　　Treasury stopped short of challenging the conventional ETF redemptions. Instead, its concern centers on structures that use those transactions to achieve tax outcomes regulators say may bear little relationship to a funds underlying economics.　　Crypto enters the IRS crosshairs through a 90% tax test　　At issue is a rule governing regulated investment companies (RICs), which include much

09-29انڈسٹری

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