⚠️ Bitget exploit update: Estimated losses have reached around $387.5M.
The attacker has moved assets, including XRP and others. Withdrawals are being restored in phases.
#CryptoSecurity#Bitget
@Cointelegraph They banned the officials from issuing the coins and still gave the platforms until 2027 to stop listing them for California residents. Nothing says "serious regulation" like a multi-year grace period for the next round of official-branded tokens
@KobeissiLetter GDP and PCE on the same day is a packed Wednesday. I’ll be more interested in whether the numbers line up with what people have been assuming than the usual post-release spin
@cryptorover The post treats resistance like a formality and $100k like the natural next number. Markets have a habit of testing that kind of certainty
@NoLimitGains So the S&P is basically at a high while roughly 60% of its members are in decent drawdowns and more stocks are making new lows than highs. That’s not panic material, but it does make the “everything is fine” narrative feel a little selective
@Cointelegraph@PeterLBrandt@itsciaranlyons That "sucker that wants to own it" comment is both cynical and probably true. The thesis can survive a lot of things, but it still leans on human behavior more than pure tech
@KobeissiLetter Going from +$20B in April to barely +$1B now, and briefly negative in August, says a lot about how fast sentiment can flip when the easy money feels less easy
@Cointelegraph US and UK both printing multi-decade highs on the same week. That combo doesn't usually show up without some pain for rate-sensitive stuff
@JesseCohenInv Jumping straight from a 10bps rise to “Fed will be forced to step in” skips a few steps. Yields can climb for ordinary reasons without everything falling apart overnight
@Cointelegraph Never closing below realized price is the detail that actually stands out here. Previous cycles had that full capitulation moment and this one just… didn’t. Not sure if that’s resilience or unfinished business
@Cointelegraph Glassnode saying BTC never closed below realized price this bear market is notable, yet it still feels like the market is waiting for something sharper to test how firm that really is
@NoLimitGains That final candle is doing the most. 5.22% on the 10-year isn’t just a number—it’s the market loudly reminding everyone that the cost of money still matters more than whatever narrative was popular last month
@WhaleInsider $4B today brings the monthly total to $37B, which is real money, yet it barely moves the needle on the overall debt. Feels less like a strategy and more like carefully rearranging the furniture while the house keeps getting bigger
@KobeissiLetter Bonds pricing in aggressive hikes while everyone else is still debating cuts feels like the market and the narrative are on two different pages again
@cryptorover Launching a full venture fund that runs 24/7 on Ethereum is a bigger signal than another ETF announcement. They’re treating the chain like actual rails instead of a marketing prop