Bitcoin
Affairs
 
No. 121  ·  25 Sept 2026
 
MARKET SNAPSHOT
BTC / USD
$83,666 		  24H CHANGE
-0.8%
 
ALL-TIME HIGH
$124,749 		  FROM ATH
-32.9%
◎
 NEWS
5 STORIES TODAY
Fed opens comment period on strict stablecoin reserve and capital framework
The Federal Reserve asked for public comment on two GENIUS Act proposals that would require Fed-supervised payment stablecoin issuers to fully back coins with short-term Treasuries or other high-quality liquid assets, set capital and risk-management standards, and define an approval process for bank subsidiaries seeking to issue stablecoins. The move pushes U.S. stablecoin policy from broad legislation into the practical rule-writing stage that will shape how banks and crypto firms compete.
Regulation  Macro
Houthi strikes keep oil elevated, renewing inflation pressure across global markets
Reuters reported oil stayed volatile after Houthi attacks on Saudi Arabia and parallel U.S.-Iran truce discussions, with Brent still near $105 after Thursday’s sharp jump. The renewed energy risk keeps inflation pressure alive just as markets are already repricing for tighter monetary policy.
Macro  Geopolitics  Rates
CFTC expands crypto guidance for tokenized collateral and blockchain recordkeeping
The CFTC updated its crypto FAQs to address investments of customer funds in tokenized forms of permitted assets and the use of blockchain systems for required recordkeeping. That gives regulated derivatives firms clearer room to incorporate tokenized collateral and onchain records into mainstream market infrastructure.
Regulation  On-chain
US jobless claims hover near historic lows, strengthening higher-for-longer case
Reuters reported initial U.S. jobless claims held at 197,000, near 57-year lows, underscoring labor-market resilience despite mounting energy costs. The data strengthens the case that the Fed can keep policy restrictive, a macro headwind for Bitcoin even as institutional demand improves.
Rates  Macro
US spot bitcoin ETFs extend inflow streak with fresh $191 million
Farside data showed U.S. spot bitcoin ETFs took in $190.7 million on September 24, extending the inflow streak to six straight sessions. BlackRock’s IBIT led with $162.6 million, suggesting institutional buyers are still absorbing supply despite a harsher rates backdrop.
ETF
≡
 COMMENTARY
VOICE FROM THE NETWORK
glassnode
@glassnode
View on 𝕏
 
This is the first bitcoin:native bear market that never closed below the Realized Price.

This means that the average BTC holder stayed in profit this entire time.

More on the next levels, sell pressure and ETF flows in this week's Week On-chain 👇 https://t.co/pcgsLKODEe
 
 
 
 
36 reposts    59 replies    449 likes
Cointelegraph
@Cointelegraph
View on 𝕏
 
🚨 NOW: Bitget says its 5,500 $BTC Protection Fund, worth about $464M, will cover losses from the hot wallet hack, with the fund to be replenished afterward. https://t.co/zCWzv0ohbH
 
 
 
 
 
122 reposts    88 replies    1.2K likes
Darkfost
@Darkfost_Coc
View on 𝕏
 
Bitget reportedly had $351.6M stolen in total in this exploit.

You have some chart data here.

Overall, the main assets affected include ETH, XRP (largest loss on a single chain), BNB, AVAX, USDT, USDC.

Exchanges are prepared for this thanks to funds set up specifically to protect their users.

I’m no fan of exchanges, but credit where it’s due, this is a real positive for users, who would have had no protection at all if these assets had been stolen from investors holding their own funds
 
 
 
0 reposts    2 replies    7 likes
Gracy Chen @Bitget
@GracyBitget
View on 𝕏
 
[SECURITY NOTICE] Bitget Hot Wallet Incident — September 24, 2026

At 18:31 UTC on September 24, 2026, Bitget's security systems detected unauthorized transfers from some of our hot wallets. Our security team activated emergency response protocols immediately.

What we have confirmed:
-Estimated funds affected: approximately $351.6 million
-Cold wallets remain fully secure. Bitget operates a three-tier wallet architecture — the breach contained only a portion of the hot wallet and warm wallet layers.
-User funds are safe. The full amount of this loss falls within the coverage of Bitget's User Protection Fund, which currently holds over $464 million

Actions we have taken:
-Emergency response team activated within minutes of detection
-Abnormal transfer addresses identified, flagged, and reported
-Withdrawals temporarily suspended as a precautionary measure, pending security review
-Law enforcement and on-chain security firms have been formally notified and are engaged

What this means for you:
-Your account balances are accurate and your assets are protected
-Deposits and trading remain fully operational
Withdrawals are temporarily paused and will be restored as soon as the security review is complete
-What comes next: We will provide updates on an hourly basis across this channel and all official platforms. A full incident report — including root cause analysis and corrective actions — will be published within 24 hours. We will not speculate on the attack vector until the investigation is complete.

Bitget has navigated multiple market cycles. We will not run from this. Every dollar and every decision will be accounted for, transparently and in full.
Updates will be posted here and across all official Bitget channels as they become available.

— Gracy Chen, CEO, Bitget
 
 
 
633 reposts    579 replies    3.5K likes
Coin Bureau
@coinbureau
View on 𝕏
 
🚨HUGE: Bitcoin could get Zcash-style PRIVATE transfers without a soft fork, a new paper proposes.

"Shielded Bitcoin" is a new protocol that would hide the amount, sender and receiver of each transfer directly on Bitcoin, while zero-knowledge proofs keep every transfer verifiable.

The whitepaper says Bitcoin's transaction history is permanently public, and chain analysis can often link addresses to their owners.

With Shielded Bitcoin, users could still share view-only keys with auditors to prove payments
 
 
 
 
 
141 reposts    91 replies    885 likes
Documenting ₿itcoin 📄
@DocumentingBTC
View on 𝕏
 
Developers just figured out a way to hide who sent bitcoin, who received it, and how much moved, without changing Bitcoin itself.

This new proposed idea is not a fork around the protocol or new cryptocurrency. This is how Bitcoin was designed, a base layer people can innovate on without asking permission.

On Thursday, researcher Misha Komarov and colleagues published Shielded Bitcoin, a Zcash-style shielded pool for Bitcoin’s base layer.

Encrypted notes and zero-knowledge proofs ride along in ordinary Bitcoin transactions. Separate software checks that no coins are created from nothing and none are spent twice.

There is no company running the pool, no sidechain, and no soft fork. Funds go in and out through cryptographic vaults Komarov has been building, called PIPEs, so no federation has to hold the bitcoin.

Miners do not enforce the privacy rules. Invalid shielded data can still land in a block, indexers simply ignore it.

The trade is: Bitcoin stays conservative, and the experiment lives on top of it. If it works, private transfers arrive the way most of Bitcoin’s best ideas have, not by rewriting the constitution, but by building on the settlement layer everyone already trusts.
 
 
 
 
 
178 reposts    73 replies    1.3K likes