The biggest crypto story overnight is the Bitget security breach.
Bitget says unauthorized transfers from its hot wallets affected approximately $351.6 million. The exchange has temporarily suspended withdrawals while it investigates. According to Bitget, its cold wallets were not affected. The key questions now: when will withdrawals resume, and what will the final loss be?
$BTC is trading near $84.5K and ETH near $2.68K. Quarterly options expire today on Deribit, which could add volatility. Expiry alone does not tell us which way prices will move.
Beyond crypto, the US and China extended their trade truce by two months after the Trump–Xi meeting. Tariffs, rare earth supplies, technology restrictions and Taiwan remain unresolved.
Oil is back in focus. Brent closed September 24 at $106.60, up 3.4%, after an attack targeting Saudi Arabia revived supply concerns. At the same time, US and Iranian negotiators are discussing a phased path toward reopening the Strait of Hormuz.
US stocks finished Thursday nearly flat: the S&P 500 fell 0.02%, while the Nasdaq gained 0.01%. Today’s US durable goods and consumer sentiment reports may shift expectations for bond yields and Fed policy.
What matters next: Bitget’s withdrawal status, developments around Hormuz, and the market’s response to US data.
#BitgetSays$352MAffectedInHack $BTC
Bitget says unauthorized transfers from its hot wallets affected approximately $351.6 million. The exchange has temporarily suspended withdrawals while it investigates. According to Bitget, its cold wallets were not affected. The key questions now: when will withdrawals resume, and what will the final loss be?
$BTC is trading near $84.5K and ETH near $2.68K. Quarterly options expire today on Deribit, which could add volatility. Expiry alone does not tell us which way prices will move.
Beyond crypto, the US and China extended their trade truce by two months after the Trump–Xi meeting. Tariffs, rare earth supplies, technology restrictions and Taiwan remain unresolved.
Oil is back in focus. Brent closed September 24 at $106.60, up 3.4%, after an attack targeting Saudi Arabia revived supply concerns. At the same time, US and Iranian negotiators are discussing a phased path toward reopening the Strait of Hormuz.
US stocks finished Thursday nearly flat: the S&P 500 fell 0.02%, while the Nasdaq gained 0.01%. Today’s US durable goods and consumer sentiment reports may shift expectations for bond yields and Fed policy.
What matters next: Bitget’s withdrawal status, developments around Hormuz, and the market’s response to US data.
#BitgetSays$352MAffectedInHack $BTC
