24/7 Blockchain industry dynamics and breaking crypto news
Prominent crypto investor Hu Zhewen sues Jump Trading and executive Zhang Yongfeng in the U.S., alleging fraud related to Terra's collapse and token sales. He seeks at least $500 million in damages, citing massive losses from LUNA investments.
Read MoreOn September 25, crypto platform Duelbits suffered a major hot wallet breach, losing approximately $7 million, with private key leakage suspected. Security firm Scam Sniffer detected abnormal asset transfers across Ethereum, BNB Chain, and Tron. The platform has suspended services for investigation, stating user funds remain secure.
Read MoreCanaccord Genuity raised Meta's price target from $930 to $950, reflecting continued institutional confidence. The adjustment is based on Meta's advancements in AI and the robust growth outlook for its core advertising business, offering investors a fresh perspective.
Read MoreIran's Foreign Minister proposed a plan to reopen the Strait of Hormuz within seven days, conditional on U.S. actions. The offer builds on a June memorandum but requires specific conditions. Tehran stated it is not rushing the process, leaving timing to Washington.
Read MoreU.S. spot Bitcoin ETFs have seen four consecutive days of net inflows, totaling $2.251 billion. BlackRock's IBIT led with $1.061 billion, followed by Fidelity's FBTC at $652 million. This sustained institutional demand signals growing confidence in Bitcoin's market role.
Read MoreBofA sharply raised its year-end forecast for the 10-year Treasury yield to 5%, alongside higher oil price projections. This signals a prolonged high-interest-rate environment, set to pressure asset valuations and shift global capital flows, demanding strategic portfolio reassessment.
Read MoreReports indicate DeepSeek has released an official desktop client nightly build featuring a graphical interface, account login, and API key management, significantly streamlining workflows. The Apple-notarized version includes six official plugins and four work modes, though it's not officially announced and lacks Linux support.
Read MoreLed by Elizabeth Warren, Senate Banking Committee Democrats are calling for bipartisan public hearings on prediction markets, arguing they should be regulated by the SEC as securities. They oppose recent GOP-led private meetings, citing concerns over market manipulation and unclear jurisdiction.
Read MoreArkham Explorer data reveals a Morgan Stanley-linked entity holds nearly $775 million in crypto assets, with over 99% allocated to Bitcoin (approx. 9,218 BTC). This significant on-chain position highlights major institutional exposure to digital assets.
Read MoreApproximately $15 billion worth of Bitcoin options are set to expire this Friday, with a put/call ratio of 0.70 indicating bullish sentiment. Key call concentrations are at $85K, $90K, and $100K strike prices. With BTC hovering around $84K, all eyes are on whether bulls can overcome resistance before expiry.
Read MoreLayerZero Labs CEO Bryan Pellegrino calls KelpDAO's $292M civil claim "baseless" and pledges to defend the lawsuit in Vancouver court. The dispute stems from a major social engineering attack that compromised a LayerZero developer account, leading to massive losses for KelpDAO.
Read MoreA new Bitwise report surveying major institutions reveals that during the recent crypto market downturn, large investors like endowments and pensions did not sell. Instead, many bought more Bitcoin, viewing it as a macro hedge alongside gold. Price volatility alone is not a reason for them to exit.
Read MoreFollowing a security incident at Bitget, Bybit CEO Ben Zhou publicly pledged full support, offering to assist in tracking the stolen funds. This move reciprocates Bitget's past help during a Bybit hack, highlighting inter-exchange cooperation during crises.
Read MoreThe [alloc] init team proposes Bitcoin PIPEs, a novel protocol that uses witness encryption to create a private transaction pool on Bitcoin, mimicking Zcash's privacy features without requiring a soft fork. Currently in research phase, transactions cost ~4x more, with the team tackling massive data requirements and seeking community feedback.
Read MoreOn-chain data reveals Metalpha withdrew 11,179 ETH from Binance on September 25, valued at approximately $30.12 million. This significant transaction has drawn attention to potential institutional capital movements and market strategy shifts.
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