Waking up in the morning only to have Bitget’s messages hit me right away: CEO Gracy Chen personally confirmed that about $351.6 million was transferred from the hot wallet and the warm wallet, withdrawals are paused, and the official line is that users’ funds are safe and the cold wallet is fine.
Over the past couple of years, we’ve heard this kind of “users’ funds are safe” talking point so often it’s made my ears go numb, but this time they’ve reacted quickly—at least they didn’t just pretend nothing happened. Based on historical experience, when an exchange has issues, near-term sentiment inevitably gets hit hard; meanwhile, funds accelerate toward the larger exchanges and self-custody.
On the macro side, it’s not any better: Williams sounded hawkish, suggesting there may be another rate hike before year-end. The yield on the 10-year U.S. Treasury hit the highest level since 2007. Meanwhile, the U.S. and Iran are still trading blows—WTI jumped more than 5% in a day and moved above $96. With both oil and interest rates running high, pressure on risk assets is not small.
In today’s Asian session, sentiment will most likely be somewhat cautious. Don’t rush to bottom-fish—wait for the Bitget incident details to land. If you need to withdraw, withdraw. “Not your keys, not your coins” is always timely.
$BTC $ETH $BNB
NFA DYOR
#币安广场 #比特币 #交易所安全 #加密货币 #Bitget
Over the past couple of years, we’ve heard this kind of “users’ funds are safe” talking point so often it’s made my ears go numb, but this time they’ve reacted quickly—at least they didn’t just pretend nothing happened. Based on historical experience, when an exchange has issues, near-term sentiment inevitably gets hit hard; meanwhile, funds accelerate toward the larger exchanges and self-custody.
On the macro side, it’s not any better: Williams sounded hawkish, suggesting there may be another rate hike before year-end. The yield on the 10-year U.S. Treasury hit the highest level since 2007. Meanwhile, the U.S. and Iran are still trading blows—WTI jumped more than 5% in a day and moved above $96. With both oil and interest rates running high, pressure on risk assets is not small.
In today’s Asian session, sentiment will most likely be somewhat cautious. Don’t rush to bottom-fish—wait for the Bitget incident details to land. If you need to withdraw, withdraw. “Not your keys, not your coins” is always timely.
$BTC $ETH $BNB
NFA DYOR
#币安广场 #比特币 #交易所安全 #加密货币 #Bitget