@lypp on X

JUST IN: Bitget is suspected of being hacked after roughly $180M moved from its wallets. Around $19.7M in $USDT was swapped for ETH in under six minutes. 🚨

The Fed just proposed reserve, capital and application rules for supervised stablecoin issuers, putting the GENIUS Act framework into motion. Bullish or bearish? 🏦

JUST IN: Cathie Wood's ARK Invest is bringing its $1.3B ARK Venture Fund onchain via Securitize on Ethereum. The fund holds stakes in OpenAI, Anthropic and Stripe, with US retail able to subscribe from a $500 minimum. 📈

JUST IN: Crypto casino Duelbits has gone offline after a $7M hot wallet hack. Attackers drained wallets across four blockchains, with around $6M of the stolen funds now sitting in a single Ethereum address. 🚨

JUST IN: New York is suing Polymarket, alleging it operates an illegal gambling business. The action follows a similar lawsuit filed against Kalshi in July. ⚖️

JUST IN: Ronald Spektor, the Coinbase support impersonator who drained nearly $16M from around 100 users, has been sentenced to four to 12 years in prison. He pleaded guilty to all 31 counts. ⚖️

JUST IN: BlackRock is teaming up with Ondo Finance to tokenize its investment strategies for non-US investors. The two are building tokenized "Intelligent Portfolios," with $ONDO also pitching OUSG for Sky's $1B tokenization initiative. 📈

JUST IN: $ZEC briefly topped $1,600 as 21Shares listed a Zcash ETP in Paris and Amsterdam. 🚀

JUST IN: Traders are now pricing in four Fed rate hikes by June 2027 as $BTC slides below $83,000. Rising bond yields and a stronger dollar are weighing on bitcoin and gold. 📉

JUST IN: Over $100B has been wiped from the crypto market in less than three days. $BTC slipped below $84,000 after topping $87,000, as the US 30-year Treasury yield hit its highest level since 2004. 📉

JUST IN: The Trump administration is weighing a push to expand US dollar stablecoins overseas, per Bloomberg. Treasury, State and the DFC could join public-private ventures aimed at boosting the dollar and demand for US debt. 🇺🇸

Ask me anything crypto 👇 Tag @lypp with your question and get a live, sourced answer in under 2 minutes. Try it: "@lypp why is $BTC moving today?"

JUST IN: The SEC has issued a five-year conditional exemption letting tokenized NMS stocks trade onchain on permissioned automated market makers. The CFTC also widened its software relief. 📈

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