SlowMist says it has traced key parts of the compromise behind Bitget’s reported $388 million hot-wallet theft, including how attackers moved through multiple components tied to third-party security products and used a custom withdrawal tool to extract funds. In a progress update published with an incident-response report, SlowMist links the earliest observed malicious activity to Aug. 31, when an attacker allegedly exploited a zero-day flaw in a third-party security product. The firm later identified additional suspicious actions across other affected nodes and described attempts to execute fraudulent withdrawals across several blockchains. Key takeaways SlowMist points to an Aug. 31 zero-day exploit in a third-party security product as the start of the logged intrusion chain. According to SlowMist’s findings, attackers used a hidden script to access a “Product A” database using a password pulled from an environment variable. A custom tool was used to manipulate Bitget’s withdra...

Bloomberg has introduced a stablecoin analytics dashboard inside its Bloomberg Terminal, aiming to bring standardized onchain visibility to the same platform used by banks, asset managers and other finance professionals. The new tool is designed to track stablecoin supply, issuance and transaction activity in real time, narrowing the gap between traditional market data workflows and blockchain-level fundamentals. Bloomberg says the dashboard—powered by blockchain data platform Allium—covers stablecoins with more than $100 million in circulation. That subset represents over 98% of the stablecoin market by supply, according to a Wednesday announcement from Bloomberg. Key takeaways Bloomberg Terminal now includes a stablecoin dashboard tracking supply, mints, burns and transaction activity. The dashboard focuses on stablecoins with over $100 million in circulation, covering more than 98% of the market. Users can compare stablecoins using metrics such as transfer volume and velocity,...

Standard Chartered has initiated coverage of Ethena’s ENA token with a bullish set of long-range assumptions tied to the growth of its USDe stablecoin. In a research report shared with Cointelegraph, the bank projects USDe supply could expand eightfold to $40 billion by the end of 2028—driven by yield strategies that go beyond the protocol’s traditional crypto basis trade. Alongside its stablecoin forecast, Standard Chartered set a year-end 2028 price target for ENA of $2, a level it characterizes as significantly above the token price reference used in the report. The bank’s valuation model also hinges on an Ethena governance fee switch that routes a large share of net revenue toward ENA buybacks once USDe reaches specified milestones. Key takeaways Standard Chartered expects Ethena’s USDe supply to rise to $40 billion by end-2028, outpacing overall stablecoin market growth slightly. The bank links its ENA valuation case to a governance-approved fee switch that directs 95% of net ...

Price action in SUI continues to face selling pressure despite an earlier impressive move from the $0.67 zone. The pullback in crypto is seeing the token retrace its move to test channel support. From the daily chart, SUI has moved up steadily and then accelerated higher toward the $1.30 level. The move has created a rising channel pattern with higher prices. The most recent candle in SUI recorded a high of $1.2911 and then the price fell sharply to $1.1771. This is one of the largest retracements experienced amid the recent advance. On the daily chart, SUI is currently trading at $1.18, which represents a drop of 6.25% from the previous closing price. Momentum Indicators Remain Constructive Despite the latest decline, the MACD indicator remains positive on the daily timeframe. The MACD line stands near 0.1157, compared with a signal line around 0.0755. The histogram also remains positive at approximately 0.0402. The configuration indicates that the broader momentum structure has not y...

Coinbase-backed advocacy group Stand With Crypto, which launched in 2023 to push for “clear, common-sense regulations” for the digital-asset industry, has begun laying out political endorsements for the next wave of US congressional elections. According to Bloomberg Government, the organization said it plans to support several candidates on the 2026 ballot. The list includes Ohio Republican Senator candidate Jon Husted , Iowa Republican Ashley Hinson , and New Hampshire Democrat Chris Pappas , with additional endorsements extending to multiple House races. The announcements arrive as control of the House and Senate could shift after the 2026 election cycle—an outcome that may determine whether stalled crypto legislation can move forward. Key takeaways Stand With Crypto , Coinbase’s industry-aligned advocacy group, has announced support for multiple 2026 Senate candidates, including Jon Husted in Ohio. The group also cited support for several House candidates, including Mariannette...

According to Alpha Crypto Signal, ARB is consolidating above a horizontal support level after its recent rise. This technical setup places importance on a potential retest of this support for a possible bullish reaction before any further move. The chart shows ARB rising from the $0.13–$0.15 area. Before this move, ARB traded sideways, followed by a breakout around mid-September. It climbed above the $0.20 level and reached $0.25. This pattern has generally been higher highs and higher lows, but it has faced pressure due to the recent pullback. Increased Selling Pressure in Recent Trading Sessions As seen on the chart, there have been several rejections near the $0.23–$0.24 area. Each rally has weakened, and another downtrend has emerged, leading to lower highs in recent price action. The intraday chart shows ARB trading at $0.2087, an 8.8% drop. The total 24-hour volume is around $379 million, while market capitalization is close to $1.41 billion. According to CoinMarketCap statistics...