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Bitget CEO Says Exchange Can Absorb $300M+ Loss After Hack

About $350 million was stolen from Bitget on September 24, according to CEO Gracy Chen. She said the exchange can absorb the loss and handle a potential surge in withdrawals when they resume. Chen compared Bitget’s re…

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XRP Ledger Sees Record 11,432 New Accounts

The XRP Ledger recorded 11,432 new accounts on September 24, more than three times its 30-day average of about 2,700–3,000. The spike came as XRP rose from $1.40 to $1.60, alongside higher whale activity and instituti…

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Fed Plans To Ease Oversight For Large Banks

The Fed is preparing to raise asset thresholds that trigger tougher bank regulation, according to Reuters. The highest threshold could rise from $700 billion to around $960 billion, while some requirements currently sta…

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KelpDAO Developer Sues LayerZero Over $292M Bridge Exploit

The company behind KelpDAO has sued LayerZero and its chief executive over the exploit that drained $292 million from the restaking protocol in April, alleging LayerZero endorsed in writing the exact bridge configuratio…