This wave of hacking incidents has caused losses of up to $300 million.
For Bitget, the real test may only be starting.
What matters most for an exchange? Not traffic, not narratives, but users’ trust in security.
Once trust develops cracks, users may reduce their capital holdings and trading frequency, and future growth and ecosystem narratives may face even greater pressure.
In competing with top exchanges like Binance, the difficulty may rise further.
Whether this incident will ultimately change Bitget’s position in the industry still needs to be verified over time.
But one thing is certain: For centralized exchanges, losses from security incidents are not just money—it’s also trust.
Bitget: whether it can weather this crisis next is the real test.
$LTC The most outrageous thing about this old coin: people complain it’s old, but the number of people who actually use it to transfer is still not any less
LTC is now hovering around $69, and the heat has basically been stolen by newer coins. But I checked the Litecoin official website and found that this thing still averages about 300,000 transactions a day, with an average fee of less than $0.01. 💳 It doesn’t have any AI or RWA new narratives—it's still doing the same thing it was doing over a decade ago: sending money.
On the other side, the institutional entry points are also being topped up. Grayscale is pushing to convert the Litecoin Trust into a spot ETF and list it on NYSE Arca. The SEC filings for September already have “Grayscale Litecoin Trust ETF” written in. On September 12, Litecoin Core also just updated to 0.21.5.8, continuing to patch and strengthen the old foundation—MWEB, mining, and the node stack. So my current feeling about LTC is pretty funny: While others are busy writing whitepapers to explain “what it’s for,” it’s almost been 15 years and still, every day, it’s just dutifully sending transfers😂
👀 If one day the ETF storyline takes another step forward, coins like this—old ones that the market has been嫌弃ing for a long time—may actually be more likely to suddenly show some momentum.#Bitget确认3.88亿美元资产被盗
Finally set the live-stream schedule. From now on, I’ll be live every day from 11:00 AM to 2:00 PM. I noticed that lately I’ve basically been sleeping until around 9 or 10 before waking up. So starting the stream at 11:00 AM works perfectly. In the future, in the livestream we’ll just chat, help with building the Binance Square, and if there’s a good行情 (market move), we’ll place some perpetual orders. When we see a good entry point, we’ll also trade event contracts. (Today, in three hours, I called 6 trades—all of them filled, for a 100% win rate.) New and returning friends, welcome to come to my livestream at 11:00 AM.
If you think of the “Sarira” (Shard Relics) as just a token, you may only have seen its first layer.
What’s truly interesting is that it’s trying to bring faith, traditional culture, community interaction, and Web3 into a single on-chain ecosystem. This isn’t a story about merely “trading coins”—it’s an exploration of how traditional culture can enter the digital world.
01|Staking × On-Chain Mining By staking Sarira, you participate in a community-driven on-chain mining mechanism. It’s not just about “holding a token”—it’s about becoming part of the ecosystem. By participating, you gain corresponding on-chain experiences and community benefits.
02|Last Winner: The Final Winner Sarira also builds an on-chain community game called Last Winner. By combining games, community, and on-chain mechanisms, Web3 becomes more than just “watching the market”—it can also be an interactive experience.
03|On-Chain Guanyin This might be Sarira’s most culturally distinctive direction. Transform traditional practices like fortune drawing, praying, and making wishes into a digital experience on the blockchain. A thousand years ago, people went to temples to draw lots; today, people are starting to explore: If faith could also be brought into Web3, what would it look like? This isn’t meant to replace traditional culture—it’s an attempt to use new mediums so more young people can engage with it.
04|On-Chain Lamp Lighting, Coming Soon In the future, on-chain lamp lighting will be introduced: 🏮 Tai Sui Lamp ✨ Brightness Lamp 🕊️ Peace Lamp 📚 Wenchang Lamp 💰 Wealth Lamp 🙏 Medicine Master Buddha Lamp Extending the “lamp-lighting and blessing-praying” tradition from temples into the digital realm. Starting with a single lamp, blessings take on another on-chain form.
05|Community—More Than Just Holders Airdrops, red packets, raffles, and various community activities ensure that participants aren’t only token holders—they gradually come together as a community unified by shared cultural symbols.
This is also another thing Sarira wants to explore: In Web3, can communities be built not only on price consensus, but on consensus around culture and faith?
🧧🎁🌹🧧🎁🌹 On 9/29, we continued to focus on the following core innovation and transformation directions in underlying technical architecture, compliance tooling, and asset operation models: 1. Deep integration of Zero-Knowledge Identity (ZK Identity) with on-chain compliance Innovation highlights: To address the conflict between decentralization and regulatory compliance, the industry in late September intensively discussed and advanced the practical deployment of ZK KYC (zero-knowledge proof identity verification) technologies. Technical value: Exchanges, stablecoin issuers, and licensed DeFi (Permissioned DeFi) began using ZK proofs to verify eligibility for on-chain compliance without disclosing users’ sensitive privacy data (such as real names, nationality, and other original document details). This enables users to generate a credential once and reuse it across multiple Web3 services, significantly reducing the risk of privacy data leakage. 2. Scaling experiments for tokenized interbank deposits (Tokenized Deposits) Innovation highlights: In the convergence of traditional finance and Web3, leading banks in multiple countries (e.g., UK-based Barclays, NatWest, HSBC, and Canadian banking institutions) collectively announced or tested cross-bank tokenized deposit networks in late September. Technical value: By leveraging blockchain technology to tokenize traditional fiat currency deposits, interbank settlement is shifting from conventional T+1 or lengthy wire transfers toward “instant settlement,” representing a substantive step of traditional finance toward on-chain financial infrastructure. 3. Exchange asset account architecture reform: physical isolation of crypto and tokenized stocks (bStocks) Innovation highlights: Represented by Binance, a leading exchange, which in late September (starting from 9/29) promoted the split of the Funding Account and the Spot Account, as well as the introduction of a separate “Stocks Account.” Platform-level account architecture is evolving. Technical value: With the explosive growth of RWA businesses such as tokenized stocks (bStocks), compliant on-chain assets and non-standard/traditional brokerage activities (e.g., T+1 stock settlement via Alpaca) require stricter isolation and independent clearing systems. This account restructuring marks the next stage of super apps moving from “pure crypto trading” to “multi-asset integrated finance (Crypto + Tokenized Equities).”
Follow me—reply with Answer 1 to take away the $SOL 红包!
A new day 🌤️, allow everything to be as it is 💛, and also allow yourself to take it slowly 🕊️. Let the days become sweeter 🍯, and may everything go as you wish 🎋. Good morning 🌞!
Reopening the Strait of Hormuz? New developments have emerged
According to an Iranian report on the 28th, Iranian Foreign Minister Hossein Amir-Abdollahian stated that Iran has discussed with the Qatari mediator all the conditions related to Iran regarding reopening the Strait of Hormuz and advancing negotiations. Qatar will convey Iran’s proposal to the United States. It is understood that during the United Nations General Assembly in New York, Amir-Abdollahian told the media about the latest meeting with the Qatari mediator, saying: “Despite some statements made by the U.S. president, we are waiting for the United States to give an official response through the mediator.” Amir-Abdollahian said the conditions proposed by Iran are “completely fair and reasonable.” He added that the Supreme Leader emphasized that some of these conditions must be implemented for the Strait of Hormuz to reopen.
Regarding whether Iran would take a flexible stance on the nuclear issue, Amir-Abdollahian described it as “nonsense.”
Also, according to U.S. sources, indirect talks between the U.S. and Iran began on the morning of the 28th. On the 25th, at a press conference held at the United Nations Headquarters in New York, Amir-Abdollahian announced that Iran had, via Qatar, conveyed to the United States a plan related to reopening the Strait of Hormuz. He said that if the U.S. takes the necessary action based on this plan, the strait could be reopened within seven days and normal shipping restored.
U.S. President Trump said on the 26th that he rejected Iran’s proposal. However, on the 27th, during a telephone interview, Trump said he expects the U.S. and Iran to restart negotiations within the coming week. $NVDA.US
This wave of hacking incidents has caused losses of up to $300 million.
For Bitget, the real test may only be starting.
What matters most for an exchange? Not traffic, not narratives, but users’ trust in security.
Once trust develops cracks, users may reduce their capital holdings and trading frequency, and future growth and ecosystem narratives may face even greater pressure.
In competing with top exchanges like Binance, the difficulty may rise further.
Whether this incident will ultimately change Bitget’s position in the industry still needs to be verified over time.
But one thing is certain: For centralized exchanges, losses from security incidents are not just money—it’s also trust.
Bitget: whether it can weather this crisis next is the real test.
The most recent happiness comes from the Minnan-style Bo Bing! 🥮🥮 Whether it’s first place or the top scholar, every bit of luck is a reward for hard work 💪 Hope my good fortune keeps coming one after another from here on—✨✨
The sunset spills over the reeds, hiding an entire autumn romance. Dressed in black, I quietly listen to the autumn breeze, telling of time’s gentle warmth 🌾
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