Drift hack recovery opened near one cent per dollar lost
Drift Protocol opened claims and redemptions for its DFX recovery token on Oct. 1, giving victims of its April exploit a way to receive the USDT stablecoin from the Recovery…
US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The US sanctioned the Russia-linked A7 Network and proposed new restrictions to cut its crypto intermediaries off from global markets. On Oct. 1, the Treasury Department designated A7 as a…
Aave’s $50 million lending plan could lose money without a single default
Aave’s proposed institutional lending business would put crypto collateral on both sides of the financing chain. Institutions would pledge Bitcoin or Ether for dollar loans, while the organization governing the…
Tether claims $550 million in Iran freezes, but $35 million slipped past Senate
Tether says it helped freeze nearly $550 million in Iran-linked USDT during 2026, while Democratic investigators on a Senate subcommittee allege that delays in blacklisting some identified wallets let tens…
Bitcoin’s $85,000 test comes as Wall Street gets two different inflation stories
Bitcoin hit an intraday low of $82,563 on Sept. 28, just below a concentration of long-term holders’ purchase prices that Glassnode identified last week. Three US data releases now threaten…
Bitget says Bitcoin withdrawals are open after $387M hack, but ETH and USDT must wait
At about 04:20 UTC Monday, Bitget’s public feed showed BTC and ETH futures trades taking place after the exchange’s Sept. 24 security breach. On Sept. 28, Bitget said it had…
USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
More USDT was issued without a sustained rise in balances held by smart-contract accounts on Ethereum, according to a Bank for International Settlements working paper published Sept. 15, 2026. On…
Bitcoin dips below $83,000 to start the week as Asia markets sell, extending last week’s retreat
Bitcoin slipped below $83,000 during Monday’s Asia session, moving beneath the lower edge of the $83,000 to $85,000 range reported late last week. BTC price sits around $82,953 at press…
An $84 million US asset seizure just sparked a massive question for Tether
Tether has disclosed exposure to EQIBank as the bank fights a US seizure involving payment processor Capstone Limited, raising a question about access to assets that might back USDT. On…
Washington has $114 billion reasons to want Tether around
Not that long ago, Washington fined Tether for misleading people about the dollars behind its tokens. Today, the company’s insatiable appetite for American debt is the main argument for sending…