The $388 million Bitget breach and $320 million Liquid Network exploit accounted for most of September’s losses, though more than $270 million from the latter was later returned. Crypto suffered its worst month of the year for hacks and exploits in September, with two blockchain security firms estimating losses at more than $766 million. PeckShield counted 55 major incidents resulting in $766.5 million in stolen funds, while CertiK recorded 97 incidents and estimated losses at $768.4 million. Both firms showed the losses were a significant increase from August. The month included the $388 million Bitget hack and a $320 million hack of the Liquid Network. More than $270 million was later returned, according to reports. The incidents rank among the largest crypto thefts of the year. Read more
The FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime. The UK Financial Conduct Authority has issued final guidance outlining when crypto activities may require authorization under the country’s incoming regulatory regime. The guidance covers activities such as issuing qualifying stablecoins, operating crypto trading platforms, dealing and arranging transactions, safeguarding cryptoassets and arranging crypto staking. It is intended to help firms determine whether their activities fall within the regulatory perimeter and which permissions they will need to operate under the new framework. Existing registrations and permissions will not automatically convert under the new regime, meaning firms will need to determine whether they require FCA authorization or a variation of permission. Read more
Bitcoin price action weakened over market nerves prior to the Senate CLARITY Act vote, while surging bond yields pressured risk assets across the board. Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act. Key points: Read more
Bitcoin approached the August monthly close below key resistance with markets once again pricing in a Federal Reserve interest-rate hike in September. Bitcoin (BTC) heads into September still battling key resistance as markets flip hawkish on Federal Reserve policy. Key points: Read more
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support. Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data. Key points: Data from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains. Read more
Patrick Witt says the Trump administration will keep negotiating with Democrats as the Senate prepares for a September CLARITY vote. US President Donald Trump’s administration remains committed to passing the CLARITY Act in September despite the Senate’s decision to delay action until after its August recess, according to the White House’s top crypto policy official. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, said Tuesday on X that the administration would continue negotiating with Democrats “all the way up until the September vote,” adding, “we also can’t afford to wait forever.” The Senate is expected to hold a cloture vote on the bill in mid-September, a procedural step that would require 60 votes to advance CLARITY toward a final vote. Read more
The procedural move puts crypto market structure legislation back on track as lawmakers continue negotiations over ethics and stablecoin provisions. US Senate Majority Leader John Thune has filed cloture on a motion to take up the Digital Asset Market Clarity Act, also known as the CLARITY Act, setting up a key procedural vote on the crypto market structure bill for September. The vote is expected after the Senate reconvenes on Sept. 15, giving lawmakers several more weeks to resolve disagreements that prevented a deal before the August recess. The Senate Daily Press confirmed that Thune filed cloture on the motion to bring the CLARITY Act to the Senate floor for consideration. Invoking cloture requires 60 votes, meaning Republicans will need Democratic support to clear the procedural hurdle. Read more