
The bank also expects Ethena’s ENA token to rise roughly sevenfold to $2 by the end of 2028 as USDe scales and token buybacks increase.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Bitcoin nears a positive September close as Bitfinex analysts say stronger spot demand and ETF inflows are needed to support an October breakout.
The post Bitcoin nears green September close as bulls look to October appeared first on Crypto Briefing.
The proposal's outcome could set a precedent for wealth taxation, influencing economic policies and political strategies nationwide.
The post California billionaire tax proposal gains attention ahead of vote appeared first on Crypto Briefing.
In a major development confirmed on SEPTEMBER 29, 2026, Confirmed announcement/filing for Pokemon Collector $55 Million Crypto Exploit Trial Opens In Federal Court. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants.
According to primary regulatory and corporate filings verified on SEPTEMBER 29, 2026, this development introduces crucial infrastructure enhancements. Industry leaders note that maintaining robust compliance, security, and market liquidity remains essential as digital asset services integrate into broader institutional frameworks.
The transition reflects a strategic pivot toward scalable, transparent operations. Analysts emphasize that ongoing technological upgrades will play a central role in sustaining user confidence and market stability over the coming quarter.
As institutional participation accelerates across global markets, this landmark event sets a notable precedent. Traders and investors are closely evaluating liquidity signals and collateral flows following the announcement.
For complete details and primary verification, the official release is accessible via the primary source link: Pokemon Collector $55 Million Crypto Exploit Trial Opens In Federal Court Official Disclosure.
In a major development confirmed on SEPTEMBER 29, 2026, Confirmed announcement/filing for SEC Charges Two Investment Advisors In $15 Million WhatsApp Crypto Fraud. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants.
According to primary regulatory and corporate filings verified on SEPTEMBER 29, 2026, this development introduces crucial infrastructure enhancements. Industry leaders note that maintaining robust compliance, security, and market liquidity remains essential as digital asset services integrate into broader institutional frameworks.
The transition reflects a strategic pivot toward scalable, transparent operations. Analysts emphasize that ongoing technological upgrades will play a central role in sustaining user confidence and market stability over the coming quarter.
As institutional participation accelerates across global markets, this landmark event sets a notable precedent. Traders and investors are closely evaluating liquidity signals and collateral flows following the announcement.
For complete details and primary verification, the official release is accessible via the primary source link: SEC Charges Two Investment Advisors In $15 Million WhatsApp Crypto Fraud Official Disclosure.
Standard Chartered expects Ethena’s ENA token to rise about sevenfold by 2028, provided the protocol can rebuild its shrinking synthetic-dollar business.
The bank initiated coverage of ENA with a $2 year-end 2028 target, up from about $0.28 currently. It forecasts the token reaching $0.42 at the end of 2026 and $1.10 in 2027 before accelerating further the following year.
The projection would leave ENA outperforming Standard Chartered’s expected gains for both Bitcoin and Ethereum over the same period. But reaching it requires Ethena to reverse a contraction that has cut USDe supply by more than half from its peak and expand far beyond the scale it has previously achieved.

The bank’s thesis rests on Ethena finding new sources of yield as returns from its original crypto trading strategy decline, while generating enough revenue from a much larger USDe base to make ENA increasingly valuable to holders.
USDe became one of crypto’s fastest-growing stablecoins after launching in late 2023, exceeding $10 billion as traders piled into a structure that combined long spot crypto positions with short perpetual futures.
That approach allowed Ethena to capture funding payments while keeping its overall market exposure largely delta-neutral. At times, the strategy generated returns above 20%, helping attract deposits into USDe and its yield-bearing counterpart, sUSDe.
However, those conditions have since weakened amid the ensuing market contraction.
As the trade became more crowded and crypto funding rates compressed, USDe supply fell to about $4.9 billion. Standard Chartered estimates Ethena’s blended yield across its strategies is now about 5.2%.
The bank’s forecast assumes contraction can reverse dramatically. It expects USDe supply to reach $40 billion by 2028, meaning Ethena would first have to regain its previous $10 billion-plus peak and then roughly quadruple again.
Ethena has responded to lower crypto basis returns by broadening where it generates yield. Its strategies now include DeFi lending, institutional lending, liquid stablecoins and real-world assets, alongside newer basis trades tied to equities and commodities.
That diversification is central to Standard Chartered’s growth assumptions.
The bank expects tokenized assets, including stablecoins and other real-world assets, to reach about $4 trillion by the end of 2028 from roughly $350 billion currently. It projects real-world assets deployed on blockchains could rise from about $40 billion to $2 trillion over the same period.
A larger tokenized-asset market would give Ethena more collateral and yield opportunities beyond crypto derivatives, potentially allowing USDe to expand without requiring another period of exceptionally high perpetual-futures funding rates.
Ethena is also building businesses outside the core synthetic dollar, including white-label stablecoins and Ethena Pay. Standard Chartered expects those operations to widen the revenue base as the protocol grows.
However, the first hurdle is much closer than $40 billion.
Ethena’s approved fee-switch framework begins at $7.5 billion of USDe supply, leaving the protocol below the first threshold at which the revenue mechanism underlying Standard Chartered’s valuation begins to take effect.
Once those thresholds are crossed, the ENA valuation increasingly depends on how much of Ethena’s economics can be directed toward token holders.
The approved framework allocates 95% of qualifying net revenue paid to the Ethena Foundation from covered businesses toward ENA buybacks. Ethena does not retain the full yield generated by the assets supporting USDe, making the distinction between gross and net revenue central to the calculation.
Blockworks Advisory’s analysis modeled the protocol’s share of gross revenue increasing with USDe supply, beginning at about 5% around $7.5 billion and reaching 20% by $20 billion. The model used a 6% protocol yield as an illustrative assumption, not a guaranteed return.
At the much larger scale envisioned by Standard Chartered, those economics become substantial.
The bank estimates that if USDe reaches $40 billion, ENA purchases could amount to roughly 23% of the token’s current market value annually if its price remained unchanged.
Standard Chartered does not expect such a percentage to persist. It argues that investors would capitalize the expected stream of purchases into ENA’s valuation, pushing the token higher and reducing annual buybacks as a percentage of its market capitalization.
The bank points to Uniswap as an analog, saying UNI’s annualized buyback percentage has settled around 3% to 4% as the token appreciated after activating its fee switch. Applying a comparable equilibrium to Ethena underpins Standard Chartered’s $2 target.
But the mechanism introduces its own constraint.

Capturing a larger share of Ethena’s revenue for the protocol can reduce what remains available to sUSDe holders. That creates a balancing act: Ethena needs enough margin to support ENA purchases while maintaining sufficiently competitive yields to keep attracting the deposits required for USDe to grow.
The assumptions become more demanding as supply rises. The 6% return used in the framework has not been guaranteed across market cycles, while the higher revenue-capture tiers have yet to be tested at the scale Standard Chartered expects.
That leaves investors with several nearer-term checkpoints before the $2 target becomes relevant. USDe must first cross the $7.5 billion fee-switch threshold and reclaim its previous peak.
Beyond that, Ethena will have to show that its newer yield strategies can absorb tens of billions of dollars without materially compressing returns. How quickly those thresholds are crossed will determine whether Standard Chartered’s projected buyback engine begins to resemble the one embedded in its valuation model.
The post Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028 appeared first on CryptoSlate.
Hackers behind Bitget’s $387.5 million breach are turning to Zcash's privacy features to hide the stolen funds as crypto firms increasingly block other escape routes.
About 2,746 ZEC worth roughly $3.9 million was transferred Wednesday into Zcash’s Ironwood shielded pool through three transactions, according to on-chain activity flagged by blockchain investigator ZachXBT. The amount represents about 15% of the 18,917 ZEC stolen from the exchange.

The transfers complicate Bitget’s recovery effort because transactions inside Ironwood can conceal senders, recipients, and amounts, breaking the public transaction trail investigators use to follow stolen assets. Deposits into the pool remain visible, but subsequent movements become considerably harder to link to their origin.
The shift toward Zcash's privacy infrastructure follows attempts by the attackers to move substantially larger sums through cross-chain services, some of which have begun refusing the transactions.
NEAR Intents General Manager Alex Shevchenko said wallets connected to the Bitget theft attempted to process more than $50 million through the protocol. Its SHIELD risk system rejected most of those transactions before execution, while roughly $503,000 was frozen after swaps had begun and about $166,000 successfully passed through.
The rejected assets remained under the attackers’ control, leaving them free to seek alternative routes. The latest Zcash transfers show how that contest is shifting as stolen funds encounter tighter screening across parts of the crypto market.
One alternative has been THORChain, the permissionless cross-chain exchange that has resisted Bitget’s requests to block addresses linked to the theft.
Bitget-linked wallets have repeatedly used the protocol to turn stolen assets into native Bitcoin. Bitquery estimated that about 29,088 ETH, worth roughly $79 million at the time of its analysis, had been sent into THORChain and swapped for Bitcoin through Sept. 29.
As a result, activity on the decentralized exchange has exploded since the breach. THORChain has processed more than $1.5 billion in DEX volume in the days following the incident, compared with roughly $146 million during the week before the attack, according to DeFiLlama data reviewed by CryptoSlate.
The increase has coincided with hacker-linked flows, although total THORChain volume cannot be attributed to the attackers.
THORChain's actions, in contrast to NEAR, highlight a widening divide over how decentralized infrastructure should respond when it identifies stolen assets.
NEAR has argued that permissionless access does not require its liquidity providers to execute known illicit transactions. However, THORChain has maintained that selective censorship would undermine the principles governing its network.
That disagreement has practical consequences for Bitget. Blocking one venue does not freeze assets held in self-custodied wallets. Instead, it forces the attacker to find another source of liquidity, potentially pushing funds toward permissionless exchanges or privacy systems that offer investigators fewer opportunities to intervene.
Meanwhile, Bitget is facing a separate test from its customers as it gradually restores access to funds following the four-day withdrawal freeze.
DeFiLlama data reviewed by CryptoSlate shows more than $700 million has moved out of tracked Bitget wallets since withdrawal channels began reopening, highlighting immediate customer demand to move assets off the exchange. DeFiLlama tracks known exchange wallets, meaning the figure reflects on-chain flows rather than Bitget’s complete internal withdrawal ledger.
Bitcoin accounted for a sizable portion of the initial rush. Bitget said it had processed 9,585 withdrawal requests totaling 4,098 BTC by Sept. 28, hours after reopening Bitcoin withdrawals.
The outflows have continued as the exchange progressively restored other assets. Bitcoin withdrawals reopened Sunday, followed by Ethereum and then USDT across Ethereum, BNB Chain, Solana and Tron. Bitget plans to reopen withdrawals for its remaining cryptocurrencies as well as fiat and peer-to-peer services on Friday.
On Sept. 30, Bitget's Chief Executive Officer Gracy Chen said that the exchange's Protection Fund had also been rebuilt to more than $300 million, restoring a threshold the company had promised to reach after drawing on the fund following the breach.
She said BTC, ETH and USDT withdrawals were already operating and described the business as “gradually back to usual.”
The exchange’s latest proof-of-reserves snapshot provides another measure of its ability to withstand the withdrawals. Bitget reported an overall reserve ratio of 131% across 19 covered assets as of Sept. 29, meaning the assets included in its disclosure exceeded corresponding customer balances by 31%.
Those figures will face a broader stress test when Bitget removes the remaining withdrawal restrictions Friday.
The post Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked appeared first on CryptoSlate.
NVIDIA CEO Jensen Huang praised a new White House pact on advanced artificial intelligence, calling it a milestone for the industry’s responsible development going forward.
A glaring typo on the signature page quickly overshadowed the announcement he had hoped to make.
The Accord on Super Intelligence is a voluntary pact on advanced AI. It requires companies to monitor risks, undergo independent evaluation, and keep board-level oversight of powerful systems.
President Donald Trump signed it alongside Huang, Google’s Sundar Pichai, Anthropic’s Dario Amodei, Meta’s Mark Zuckerberg, OpenAI’s Greg Brockman, and xAI’s Elon Musk.
Huang wrote on X that signatories share “the primary responsibility to develop and deploy it safely.” He outlined four layers of self-policing: internal monitoring, dedicated oversight teams, external assessments, and board committees.
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Trump called the agreement “morally binding.” He favored industry-led standards over formal regulation while pushing faster data center growth.
A misspelling on the signature page read “President of the Unites States” instead of “United States.” It appeared directly beneath Trump’s own name. The White House and Huang both shared images of the signed document before anyone caught the error.
High-follower accounts seized on the mistake within hours. A document meant to govern frontier technology contained a basic proofreading slip. Some users pointed to possible errors in company names elsewhere in the text.
Huang has built a close relationship with Trump this year, from chip export talks to joint public appearances.
That alliance made headlines again this week. Still, the typo pulled attention away from the deal’s substance. A small error can eclipse a major policy moment, even among the world’s most powerful tech leaders.
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The post Trump Makes Hilarious Mistake in White House AI Announcement appeared first on BeInCrypto.
Crypto exchange Gate charged a stock dividend to the wrong contract on Wednesday. Traders betting against it were wiped out, even though its price barely moved.
Gate blamed two assets sharing one name. It said about 200 accounts were affected and that it will pay the losses.
On Monday, Gate posted an announcement about Franklin Resources, the US asset manager behind Franklin Templeton. It said the company’s $0.33 per-share dividend would be passed through a contract called BENUSDT at 08:00 UTC on Wednesday.
BENUSDT is a perpetual futures contract, a bet on an asset’s price that never expires. Under Gate’s rules, traders betting on a rise, called longs, would receive the payment. Traders betting on a fall, called shorts, would pay it.
However, screenshots shared by traders showed BENUSDT trading near $0.000585, not at a stock price. That is the price of a low-value crypto token with the same ticker.
A $0.33 charge against it is roughly 564 times the contract’s price.
Leveraged traders post a cash deposit, called margin, to cover losses. When that deposit runs out, the exchange force-closes the position. This is a liquidation.
The dividend charge alone drained that margin. Gate’s notice had warned shorts that the payment could trigger liquidation if balances ran low.
Some accounts shared one margin pool across several bets, so other positions closed too. One screenshot posted on X (Twitter) by user @SmallPig0526 showed an account at negative $1.46 million.
Longs saw the reverse, with outsized credits appearing in their balances. It has not been confirmed whether any of that money was withdrawn.
Godot, who leads Gate’s creator community program, said the platform found and fixed the problem within minutes. He added that balances were being restored and Gate would absorb the full loss.
“Today at 16:00 UTC+8, while processing the BEN contract funding rate in accordance with the announcement made two days ago, we encountered an error due to duplicate names, affecting a total of 200 accounts…The resulting user balance display issues are being resolved progressively. All users have incurred no losses whatsoever, with Gate bearing the full responsibility,” wrote Godot in a post.
Gate has not published a detailed incident report. The error comes as the exchange pushes into stock products, including Japanese stock trading added in August.
Rivals are moving the same way. The NYSE recently signed a deal to bring tokenized US stocks to crypto users.
Gate has not said how it will handle the credits paid to longs.
The post Gate Exchange Trading Error Left One Account $1.5 Million in the Red appeared first on BeInCrypto.
Key Highlights:
Brazil is taking another step forward in blockchain-based financial infrastructure as CSD BR and Ripple begin the first phase of a strategic alliance focused on asset tokenization. The initiative combines CSD BR’s governed infrastructure as a registrar, central securities depository and settlement system with the XRP Ledger (XRPL). The initial phase will use the public blockchain as a complementary layer for recording and auditing financial assets, beginning with BTG Pactual investment fund shares. CSD BR will continue to maintain the official records, while authorized participants will be able to use the blockchain to verify records transparently and in real time.
According to the press release, under the first phase, BTG Pactual investment fund shares deposited at CSD BR will be tokenized and mirrored on the XRP Ledger using the Multi-Purpose Token (MPT) standard. The blockchain will not replace CSD BR’s current systems. Instead, it will operate as an extra layer for querying and auditing financial asset records. CSD BR will remain the official source of record for registration, deposit and settlement.
As per CSD BR, the model allows authorized participants to validate the consistency of records in a transparent and near-real-time environment. The initiative will also allow organizations to evaluate blockchain technology through live transactions rather than depending solely on pilots or proofs of concept. CSD BR currently has more than BRL 22 trillion in registered assets and operates infrastructure capable of processing millions of transactions within minutes. The alliance is intended to evaluate potential improvements in transparency, traceability, automation and efficiency while operating within the current governance framework.
The blockchain environment will operate on a permissioned basis for corporate and banking clients in Brazil. Participants will be subject to regulatory Know Your Customer (KYC) and anti-money laundering (AML) requirements. Ripple’s custody infrastructure will work alongside the native capabilities of XRPL to support the tokenized assets in this environment. CSD BR will continue to control the issuance and administration of the assets, including participant authorization.
The infrastructure will also retain compliance functions such as freezing individual assets and reversing transactions through clawback mechanisms when required by regulatory or judicial orders. Daniel Polano Spreafico, Head of Products and Clients at CSD BR, said the company chose record mirroring as the starting point because it allows the technology to be introduced into critical market infrastructure without changing present processes for stakeholders, issuers and participants.
The initial approach is designed to allow CSD BR to assess how blockchain performs under real operating conditions while establishing a foundation for potential future applications.
Following validation of the initial mirroring phase, CSD BR and Ripple plan to slowly expand the use of blockchain infrastructure towards native asset issuance and trading among authorized participants. Future assets being considered include Real Estate Receivables Certificates (CRI), and Agribusiness Receivables Certificates (CRA), which represent massive segments of Brazil’s fixed-income market. The planned evolution of the platform will also add extra confidentiality mechanisms designed to address privacy requirements within the financial niche.
The initial initiative’s focus in Brazilian asset institutions are expected to have been designed with the probability of supporting extra asset classes and participants in the future. The model could also probably be expanded to other international markets.
Silvio Pegado, managing director of Ripple for Latin America, described the move from pilot and proves the concept to live record-keeping infrastructure within a national capital market as a significant development for the industry. He said the alliance demonstrates how distributed ledger technology can be added into critical financial infrastructure within a governed framework.
BTG Pactual is also participating in the initiative, with Luis Cotardo, the bank’s partner responsible for market infrastructure, saying the project allows the organization to contribute to applying blockchain technology to the fund market while maintaining a governed infrastructure and the current official record. The first phase therefore keeps CSD BR’s established registration and settlement processes intact, while introducing the expected ledger as a transparent blockchain-based peer-to-peer records mirroring and auditing.
If the initial implementation is validated, the alliance will move towards wider tokenization and onboarding activity involving additional Brazilian financial assets and authorized market participants.
Key Highlights:
A new controversy has drawn attention involving Coinbase, after Ari Paul, founder of BlockTower, stated in an X post today, September 29, 2026, that his company lost $25 million on the crypto exchange a few years back. Paul claims this loss is linked to a pattern of big, repeated hacks that, in his view, Coinbase kept hidden from users. He went further, saying he found at least 12 other companies suffered similar losses, with the total losses above $1 billion. Paul did not share more details, saying ongoing lawsuits stop him from doing so.
Coinbase “lost” $25m of my firm’s a couple years ago. Turned out they were actually covering up massive and repeated hacks. Still wouldn’t return our money. We traced this to at least a dozen other affected firms and over $1b covered up. That’s all I can say for now as…
— Ari Paul (@AriDavidPaul) September 28, 2026
These claims come at a time when Coinbase is already being watched closely because of a different incident, a 2025 data breach where customer information was stolen. In that case, some overseas customer support workers reportedly took bribes from criminals to access Coinbase’s internal systems. The stolen data was then used by criminals to reach out to users while pretending to be a part of Coinbase’s support team. While people are talking about these two incidents together as a part of a bigger conversation about security at Coinbase, there is no proof right now that the 2025 data breach led to Paul’s $25 million loss claim.
Paul’s statement has raised new questions about just how safe people’s money is at Coinbase. He says BlockTower lost $25 million a few years ago and later found it was because of large-scale hacks that Coinbase covered up. Paul also said he tracked similar problems at least a dozen other companies and together, their losses add up to more than $1 billion. But for now, Paul has not released details or evidence behind these claims. He says ongoing court cases stop him from revealing more information.
Paul’s statements have started a bigger debate about what has happened to institutional money on Coinbase. After his comments, other users started speaking out about their own problems with money being stuck or lost on the platform.
Coinbase has already dealt with a confirmed security issue involving customer data. In 2025, criminals went after the company’s overseas customer support, allegedly bribing support staff to steal customer information. These employees had access to Coinbase’s internal systems for their jobs. Reports say the stolen information was used by criminals to reach out to real customers, acting as if they were Coinbase employees.
Armed with real customer details, the criminals made their scam seem more real and tried to convince people to hand over their cryptocurrency. Paul’s story and this incident are different. The 2025 breach was about personal and account information being stolen, but Paul’s claim involves $25 million in BlockTower’s assets and earlier, bigger hacks. Coinbase has said criminals got customer details by paying support workers stationed outside the US, and those workers no longer work there. While some sensitive information was stolen, the company said passwords and private keys stayed safe.
This accusation by BlockTower’s founder comes at a time when Citi and Coinbase announced a partnership for stablecoin payments for businesses. This partnership will allow Coinbase to use Citi’s Virtual Account Wallet to power Coinbase Virtual Accounts, and will give customers bank-account-like functionality while automatically converting incoming fiat into stablecoins.
At the same time, Citi will allow institutional clients to accept stablecoin payments through Spring by Citi, with Coinbase Payments handling the stablecoin payments and converting them into fiat before settlement.
The initiatives are set to launch first in the United States and are aimed at simplifying the connection between traditional banking services and blockchain-based payments.
In a major development confirmed on SEPTEMBER 30, 2026, Confirmed announcement/filing for Superstate Expands Tokenized Short-Duration US Treasury Fund (USTB) To Base. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants.
According to primary regulatory and corporate filings verified on SEPTEMBER 30, 2026, this development introduces crucial infrastructure enhancements. Industry leaders note that maintaining robust compliance, security, and market liquidity remains essential as digital asset services integrate into broader institutional frameworks.
The transition reflects a strategic pivot toward scalable, transparent operations. Analysts emphasize that ongoing technological upgrades will play a central role in sustaining user confidence and market stability over the coming quarter.
As institutional participation accelerates across global markets, this landmark event sets a notable precedent. Traders and investors are closely evaluating liquidity signals and collateral flows following the announcement.
For complete details and primary verification, the official release is accessible via the primary source link: Superstate Expands Tokenized Short-Duration US Treasury Fund (USTB) To Base Official Disclosure.
In a major development confirmed on SEPTEMBER 30, 2026, Confirmed announcement/filing for Japan Telecom Giant KDDI Integrates Crypto Wallet Into au PAY Mobile App. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants.
According to primary regulatory and corporate filings verified on SEPTEMBER 30, 2026, this development introduces crucial infrastructure enhancements. Industry leaders note that maintaining robust compliance, security, and market liquidity remains essential as digital asset services integrate into broader institutional frameworks.
The transition reflects a strategic pivot toward scalable, transparent operations. Analysts emphasize that ongoing technological upgrades will play a central role in sustaining user confidence and market stability over the coming quarter.
As institutional participation accelerates across global markets, this landmark event sets a notable precedent. Traders and investors are closely evaluating liquidity signals and collateral flows following the announcement.
For complete details and primary verification, the official release is accessible via the primary source link: Japan Telecom Giant KDDI Integrates Crypto Wallet Into au PAY Mobile App Official Disclosure.