US seizes $84.2 million, cash flow around Tether is scrutinized 🔍
The U.S. Department of Justice has just seized about $84.2 million from bank accounts linked to Capstone, a payments company that previously handled hundreds of millions of dollars for Tether and Bitfinex. Source: Blogtienao.
The notable point isn’t the number itself. A stablecoin only runs smoothly when the on/off ramps for fiat deposits and withdrawals are operating without friction. When regulators go after the banks and the payment intermediaries, the risk piles up toward the "plumbing" rather than the blockchain.
The market hasn’t reacted strongly yet: $BTC is at $83,939.16, down 1.13% over 24 hours but still up 3.37% over a week. The Fear & Greed index is at 71, in the Greed zone (alternative.me).
My perspective: when sentiment is greedy, legal news like this is very easy to overlook. But counterparty risk is something most people don’t consider until it happens. Instead of only looking at the price, understand who your stablecoin depends on to operate—and what happens if one link gets cut.
Have you ever looked into which bank your stablecoin depends on?
⚖️ Hacked for $293 million: Kelp DAO sues LayerZero
Kelp DAO has just filed a lawsuit against LayerZero and its CEO, Bryan Pellegrino. They claim that LayerZero’s infrastructure caused the $293 million hack and are seeking compensation for damages. Source: Coin68.
Why should traders care? In DeFi, a protocol rarely operates alone. It relies on bridges, oracles, and cross-chain messaging layers. When one link breaks, the question of "who is responsible" has often been left unanswered. This lawsuit could set a precedent for legal responsibility of infrastructure providers.
My take: the risk of a project isn’t only on the issuing team. Before depositing assets into a restaking or cross-chain protocol, you should check which infrastructure it depends on—and if one party is attacked, who will compensate. “It has been audited” doesn’t mean it’s safe.
The overall market is fairly calm: $BTC around 83.890 USDT, down 1.06% over the past 24 hours. The Fear & Greed index is still at 71, the Greed zone (alternative.me). Greed can easily make people overlook infrastructure risks.
Do you check the bridge and oracle before sending money into a DeFi protocol? 👇
$BTC has surpassed every cost-basis milestone—so what comes next? 🧐
Last week, $BTC rose 4.3%, closing on Thursday at 84,380 USD after reaching an early-week high of 87,447 USD. In the same period, USTEC gained 2.8%, while the S&P 500 added just 0.7%. What’s notable is that the rally began right after the Fed returned to its tightening cycle. The area mentioned as the next test is around 96,700 USD. Source: Blogtienao.
The current price on Binance is 83,874 USDT, down 0.94% over the past 24 hours. Over 7 days, $BTC is still up 3.29%, ranging from 80,126 to 87,395 USDT.
Why should traders pay attention? When the price is above the cost basis of most holders, panic-driven sell pressure often decreases, because fewer people are underwater. But at the same time, many participants who are already in profit are ready to take gains when price meets resistance.
My take: the Fear & Greed index is at 71, the Greed level (alternative.me). An exuberant mood isn’t a signal to act—it’s a reminder to review your position size and risk-management plan. A mild dip over the midweek rise is normal; don’t let it decide for you.
Which price zone of $BTC are you watching next week?
Bitget has just confirmed a security incident affecting a portion of its hot wallet system, impacting approximately $351.6 million worth of assets. The exchange has temporarily suspended withdrawals to investigate and stated that cold wallets remain safe. Notably, Bitget’s Protection Fund is sized at $464 million—larger than the disclosed losses.
For traders, this news matters for two reasons. First, when withdrawals are paused, your capital can become locked up right when you need to adjust positions. Second, market sentiment is easily shaken after hacks, even though this time $BTC only dipped slightly by -0.94% over the day.
My perspective: the protection fund is a good buffer, but it doesn’t replace the habit of managing risk yourself. Hot wallets are always the weakest point because they’re online continuously. Assets that you don’t use for frequent trading should be considered for storage where you control the keys yourself. Diversifying capital across multiple places also helps ensure one incident doesn’t paralyze the entire plan.
The biggest takeaway: read carefully how the exchange reports the incident—transparency speed says a lot.
Source: Blogtienao
How many percent of your assets are you keeping on an exchange, and why?
This week, economic activity continues to focus on statements from Federal Reserve (FED) officials, especially information related to the consumer inflation index (CPI), an important factor shaping market expectations.
The crypto community is buzzing about “TRUMP MemeCoin” – a new coin that is said to be tied to a famous person. Is this the next big thing in the market, when memes combined with the charisma of a famous person can become a new “phenomenon”? At this point, despite the question marks surrounding its legitimacy, the project is still attracting strong attention. Imagine a potential FOMO wave when the influence and coverage of this brand is not small. Who knows, in the near future, we will see “TRUMP MemeCoin” become a surprise explosion, or it may just be a passing trend.
ℹ️ Important Economic Events of the Week (US Time 🇺🇸) This week, economic activity continues to focus on statements from Federal Reserve (FED) officials, especially information related to the consumer inflation index (CPI), an important factor shaping market expectations. 🗓️ Monday, October 7 FED Governor Michelle Bowman to speak 💬
🔥 The Least Attractive Activities For Men 🎮 Play Video Games 💻 Model Collection 🤑 Invest In Cryptocurrency 🚶♂️ Join Troll Online 🎰 Participate in Gambling Individuals who engage in 🤑 tend to be associated with at least two of the five activities listed above 🤣 (such as holding 🤑 and regularly engaging in online 🚶♂️ activities).
Coinbase Seeks Preemptive Appeal in Legal Dispute With SEC!
<br />🚨 Coinbase Seeks Preemptive Appeal in Legal Dispute With SEC! 🚨 <br /><br /> Coinbase is asking the judge to allow it to file a partial appeal of the SEC case immediately, rather than waiting until the case is fully concluded. ✨ 🔗 Reasons for early appeal? Coinbase cited the legal battle between the SEC and Ripple, as the SEC had also appealed a previous decision. Coinbase argued that the SEC's appeal highlighted the lack of clarity in applying the Howey Test (a legal tool for determining whether an asset is a security) to digital assets. 🕵️♂️
October 2023 vs October 2024: Will ₿ Be "Uptober" Again?
🚀 October 2023 vs October 2024: Will ₿ be "Uptober" again? 📊 📅 October 2023: ₿ started with a 📉 -7% drop in the first week, then bounced 📈 hard! 💥 📅 October 2024: ₿ has 📉 -6.5% in just the first ⏱️ 4 days. Will this time repeat the strong 📈 scenario like last year? ☝️ Last year's "Uptober" brought a lot of 💡 hope to investors. Will this October be worth looking forward to? ⏳ Time will tell... 🤔
Trump Sons Unveil New Crypto Project: "World Liberty Financial"
--- 🚀 Trump Sons Unveil New Crypto Project: "World Liberty Financial" 🚀 “World Liberty Financial,” a new project from the Trump sons, is testing a credit account system based on Aave and Ethereum’s DeFi platform. The goal is to support decentralized lending and borrowing, allowing users to propose and vote on adding new lending marketplaces or integrating other blockchains.
--- 🔻 US Stock Market Witnesses Sudden Decline! 🔻 More than $1.05 trillion was wiped off the US stock market in a single day, a figure that is almost on par with Bitcoin’s (BTC) total market capitalization of $1.1 trillion. The plunge marked a dark day for investors and pointed to the severe instability that could affect global finances. 📉 Rare Event: This is one of the few times the stock market has seen such a large drop in value, equivalent to almost the entire value of a leading cryptocurrency being wiped out.
SEC Accuses Galois Capital of Non-Compliance with Crypto Custody Rules
--- 🚨 SEC Accuses Galois Capital of Non-Compliance with Crypto Custody Rules 🚨 The SEC has filed charges against Galois Capital, a cryptocurrency-focused advisory firm, for failing to comply with crypto custody regulations. In an unsurprising move, the SEC and Galois Capital reached a settlement agreement in which Galois Capital neither admits nor denies the allegations.
Recession Imminent? US Manufacturing Indexes Continue to Narrowly Miss
--- 🏭 Is Recession Imminent? US Manufacturing Indexes Continue to Narrowly Miss! 📉 The monthly survey by the Institute for Supply Management (ISM) revealed a grim picture of the US manufacturing sector, with just 47.2% of purchasing managers reporting an expansion in activity in August. This, while slightly higher than July's 46.8%, was still below the 47.9% forecast and well below the 50% threshold needed to indicate economic expansion.
Trump Warns Zuckerberg: "Investigate and Imprison" in New Book Just Released
--- ## 🔥 Trump Warns Zuckerberg: "Investigate and Imprison" in New Book Just Released 📚 Former President Donald Trump has issued a sharp warning to Meta CEO Mark Zuckerberg in his newly released book. He accuses Zuckerberg of sabotaging him in the 2020 election, referring to the $420 million Zuckerberg donated to support state and local governments in conducting elections during the pandemic. Trump calls it "Zuckerbucks" and has vowed to investigate and possibly jail Zuckerberg if there are signs of fraud in future elections. ⚖️
Breaking News: Telegram CEO Indicted in France on Criminal Charges
--- ## 🌐 Breaking News: Telegram CEO Indicted in France on Criminal Charges 🚨 According to Bloomberg, French prosecutors 🇫🇷 have officially charged Telegram CEO Pavel Durov with criminal charges related to his use of the Telegram app. 🔒 Pavel Durov is currently on bail of 5 million euros (about 5.5 million USD). He is also banned from leaving France while awaiting trial. Telegram said Durov insisted he had "nothing to hide" and was looking for a solution to the situation.
Pavel Durov, CEO of popular messaging app Telegram, has been arrested by French police. The surprise event took place at an airport north of Paris, attracting international media and public attention. 🔍 Main developments: - Arrest: Pavel Durov was detained based on a warrant related to illegal activities via Telegram. - Diplomatic Reaction: The Russian Embassy in France immediately intervened, seeking to clarify the incident and protect its citizens.
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