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Ledger is investigating reports of over $86 million drained from hundreds of crypto wallets linked to Southeast Asian reseller CryptoBilis.
They've requested a sales halt.
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A massive $135,000,000,000 has been added to the crypto market cap so far today.
This comes after a significant liquidation of $400,000,000 in leveraged short positions over the past 12 hours.
The SEC's approval of limited on-chain trading of tokenized stocks and the CFTC's new rulemaking to regulate the crypto market are also contributing factors.
The Fed is projected to raise interest rates by another 25 basis points next month.
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Senate lawmakers failed to advance Clarity Act legislation, allowing stablecoin rewards on idle balances to continue.
Bernstein expects swift rulemaking from the SEC and CFTC.
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Bitcoin ETFs had a positive week with a $433 million inflow on Friday.
Fidelity's FBTC accounted for $310.7 million of this inflow, helping to offset earlier withdrawals.
Meanwhile, ether funds snapped a four-week inflow streak.
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Strategy has made a significant purchase, buying 950 bitcoin for $76 million.
This brings their total holdings to 846,000 BTC, accounting for around 4% of the 21 million bitcoin supply cap, worth roughly $72 billion.
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Bitget has started restoring withdrawals after a security incident on September 24, beginning with Bitcoin on the Bitcoin network.
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Nike will be removed from the S&P 500 after falling to its lowest price since 2014.
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Deutsche Bank is planning to launch European digital asset custody this year, initially supporting bitcoin, ether, and select stablecoins.
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The odds of a September Fed rate hike have returned to around 60% following Friday's jobs report.
U.S. inflation data is due later this week.
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Andreessen Horowitz-backed OpenReserve Holdings received preliminary approval from the OCC for a national bank focused on onchain settlement.
This follows a $25 million seed round.
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Strategy bought no Bitcoin last week but established a $1.59B cash pool for future BTC purchases.
Strategy still holds 840,447 $BTC.
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BitMart Considers Partial Restart
Crypto exchange BitMart is weighing a partial restart and creditor payouts, weeks after announcing its shutdown. The exchange has hired restructuring counsel White & Case, with a detailed roadmap expected by September 9.
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Trezor says a breach at one of its shipping providers exposed customer names, addresses, phone numbers and emails.
11,742 customers were fully affected, while 1,947 had partial data exposed. Trezor says its systems and devices remain secure.
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Ethereum recorded 989.5K active addresses in 24 hours, its highest daily activity since March, per Santiment.
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Bybit sues North Korea and Lazarus over a $1.5B ETH hack.
A US court froze traced assets. The 2025 breach, crypto's largest, converted funds to BTC via THORChain.
Bybit covered losses from reserves, preventing collapse. Since 2017, North Korean hackers stole roughly $6.75B in crypto.
The Bybit WSOT prize pool appears secured.
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🚨 USDT’s 60-day market cap change has fallen -$4B, nearing its sharpest contraction on record, per CryptoQuant.
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Wells Fargo plans to launch tokenized deposits for corporate clients this fall, representing a $2.2 trillion initiative.
