- Bitcoin held near $84,155 today, still up nearly 10 percent for the week.
- Bitget confirmed a $351.6 million hack linked to North Korea’s Lazarus Group.
- New York sued Polymarket, alleging it runs an illegal gambling business.
The global crypto market cap rose 0.5% to $2.98 trillion over the past 24 hours. Bitcoin traded at $84,154.64, roughly flat on the day at 0.1% but still up 9.8% over the past week. Ethereum changed hands at $2,675.82, flat in 24 hours, though up 8.9% over seven days.
BNB gained 1.0% to $772.65, up 4.1% weekly. XRP rose 2.6% to $1.53, up a strong 17.2% over the week. Solana gained 1.9% to $116.78, up 14.2% over seven days. Zcash rose 2.8% to $1,550.72.
Trending Searches
Ondo led trending searches, up 26.9% to $0.5185. Plasma followed, up 25.9% to $0.1126, and Backpack rose 4.6% to $1.153. Among top gainers, BENQI surged 85.3% to $0.002691, MUSHROOM climbed 76.6% to $0.02836, and Fren Pet rose 61.7% to $8.86.
Bitget Suffers Major Hack
Bitget confirmed a security incident after detecting abnormal hot wallet transfers at 2:31 AM, with preliminary losses assessed at approximately $351.6 million. CEO Gracy Chen said hackers breached a key backend system of the wallet service to forge transfer information and invoke the authorized signature process, ruling out private key leakage as the cause.
Stolen assets spanned multiple tokens, including 102.93 million XRP worth roughly $157.48 million and 31,890 ETH worth about $85.75 million, according to Lookonchain monitoring, with the attacker converting most EVM-chain funds into 67,982 ETH worth approximately $183 million.
Security firm Specter linked the attack to North Korea’s Lazarus Group, tying it to the TraderTraitor-attributed AFX breach from July. Bitget said cold wallets and the majority of platform assets remain unaffected, and confirmed losses will be covered by its Protection Fund, which holds 5,500 BTC worth about $464 million.
Polymarket Faces New York Lawsuit
New York Attorney General Letitia James and Governor Kathy Hochul sued Polymarket’s U.S. business arm, QCX LLC, alleging the platform operated an illegal gambling business without a license. The state is seeking to bar the company from operating in New York, demanding it turn over illegal proceeds, compensate customers, and pay fines equal to three times those proceeds. Polymarket launched its U.S. platform in December 2025 with sports-outcome betting markets.
Treasury Yields Keep Climbing
The 10-year Treasury yield rose to 5.148%, its highest since 2007, while the 30-year yield climbed to 5.442%, its highest since 2004, according to Reuters.
New York Fed President John Williams said another rate hike before year-end is reasonable, citing resilient growth and persistent inflation pressure, while Fed’s Paulson said an additional hike may be needed given “stubbornly high” underlying inflation. JPMorgan said Bitcoin briefly broke above its estimated $85,000 average production cost this week, ending a 280-day streak below that level, which could ease pressure on miners to sell.
Federal Reserve Stablecoin Rules
The Federal Reserve proposed two rules implementing its GENIUS Act oversight responsibilities, opening a 60-day public comment period. The first addresses capital and reserve requirements to ensure stablecoins remain fully backed by liquid assets, while the second sets procedures for supervised banks seeking to issue their own stablecoins, requiring detailed business plans and policy documentation.
Corporate and Institutional Moves
Akamai Technologies secured a seven-year, $11.6 billion contract with Anthropic to support the AI company’s CPU workload demands, with room to expand to roughly $20 billion in total commitment.
Coinbase disclosed integration progress following its Deribit acquisition, including more than 100 new USDC-settled contracts across five market segments and a new matching engine for its trading infrastructure.
French semiconductor firm Sequans sold its remaining 314 Bitcoin, fully exiting its treasury strategy after previously holding more than 3,200 BTC. Solana Foundation appointed former Binance Global CMO Rachel Conlan as Chief Strategy Officer.
Other Security Incidents
Payy Network’s Ethereum bridge contract was fully drained in a separate attack, prompting a suspension of all network transactions. Crypto gambling platform Duelbits lost approximately $7 million in a hot wallet hack and took its site offline, with Scam Sniffer suggesting a possible private key leak affecting wallets across Ethereum, BSC, and Tron.
Related: Fed Proposes Tougher Stablecoin Rules as US Payment Framework Takes Shape
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