Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Crypto Weekly Roundup: SBI Hacked, Vanguard Mulls ETFs, & More

Crypto Weekly Roundup: SBI Hacked, Vanguard Mulls ETFs, & More

CryptodailyCryptodaily2025/10/04 16:00
By:Amara Khatri

This week in crypto, SBI Group’s crypto arm was hit by a massive exploit as North Korean hackers drained $21 million from its crypto mining pool. Meanwhile, Vanguard is considering offering customers crypto ETFs to meet growing client demand, and Starknet announced the launch of Bitcoin staking and a 100 million STRK incentive program.

DeFi

Layer2 network Starknet launched several new initiatives, including Bitcoin staking, a 100 million STRK incentive program, and an institutional-grade BTC yield product.

Business

CME Group is planning to launch 24/7 trading for cryptocurrency futures and options in 2026, pending regulatory approval. The group believes the move will make its regulated crypto offerings ‘always on’ and match a market that never sleeps.

Sui Group Holdings has partnered with Ethena Labs and the Suo Foundation to launch two native stablecoins. The move aims to expand the Sui ecosystem’s liquidity and utility.

Vanguard is considering offering customers crypto ETFs on its platform, a significant departure from its previously cautious stance towards Bitcoin. Vanguard is the world’s second-largest asset manager, managing over $11 trillion in funds.

USDT issuer Tether has purchased 8,888 BTC worth over $1 billion on September 30. The purchase is the company’s second major acquisition for 2025 after a similar purchase on March 31.

Andre Cronje’s Flying Tulip , a full-stack on-chain exchange, has announced a $200 million fundraise through a private funding round. The platform also plans to open an on-chain public sale of the FT token at the same valuation.

Kraken completed a $500 million funding round at a $15 billion valuation. The raise comes amid reports that the exchange is preparing for an initial public offering (IPO).

Web3

dYdX has partnered with Pocket Pro Bot to create a new Telegram trading bot. The new trading bot is designed to address lone wolves and has also been optimized for social trading.

CryptoDaily sat down with Magnus Ahmad, CEO of Blocksense , to discuss the company’s evolving focus, why verification is the missing piece for the autonomous economy, and what comes next for the company.

Security

SBI Crypto , a subsidiary of Japan’s SBI Group, was hit by a major breach as hackers linked to North Korea drained $21 million from its crypto mining pool. The hack was discovered by on-chain investigator ZachXBT, who flagged suspicious outflows from the mining pool.

Regulation

The United States Securities and Exchange Commission (SEC) is reviewing plans to allow blockchain-based versions of publicly traded stocks on approved cryptocurrency exchanges. Several platforms, including Nasdaq, Robinhood, Coinbase, and Kraken, are seeking regulatory approval or testing tokenized stock products.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solar radiation reveals previously undetected software flaw in Airbus aircraft fleet

- Airbus issues emergency directive to update A320 fleet software/hardware after solar radiation-linked flight-control incident caused JetBlue's emergency landing. - EU Aviation Safety Agency mandates fixes for 6,000 aircraft, risking Thanksgiving travel chaos as airlines face weeks-long groundings for repairs. - Solar interference vulnerability, previously flagged by FAA in 2018, highlights growing software reliability challenges in modern avionics systems. - Analysts call issue "manageable" but warn of s

Bitget-RWA2025/11/28 19:20
Solar radiation reveals previously undetected software flaw in Airbus aircraft fleet

Khabib's NFTs Ignite Discussion: Honoring Culture or Taking Advantage?

- Khabib Nurmagomedov's $4.4M NFT collection, rooted in Dagestani heritage, sparked controversy over cultural symbolism and legacy claims. - The project sold 29,000 tokens rapidly but faced scrutiny for post-launch transparency gaps and parallels to failed celebrity NFT ventures. - NFT market recovery (2025 cap: $3.3B) highlights risks like "rug pulls" and volatility, despite celebrity-driven momentum. - Concurrent trends include crowdfunding innovations and sustainability-focused markets like OCC recyclin

Bitget-RWA2025/11/28 19:20
Khabib's NFTs Ignite Discussion: Honoring Culture or Taking Advantage?

Ethereum Updates Today: Fusaka Upgrade on Ethereum Triggers Structural Deflation Through L2 Collaboration

- Ethereum's Fusaka upgrade (Dec 3, 2025) introduces EIP-7918, linking L2 data costs to mainnet gas prices, boosting ETH burn rates and accelerating deflationary trajectory. - PeerDAS and BPO forks reduce validator demands while enabling scalable 100k TPS growth through modular upgrades, avoiding disruptive hard forks. - Analysts predict 40-60% lower L2 fees for DeFi/gaming, with institutional ETH accumulation and a 5% price rebound signaling confidence in post-upgrade value capture. - The upgrade creates

Bitget-RWA2025/11/28 19:20
Ethereum Updates Today: Fusaka Upgrade on Ethereum Triggers Structural Deflation Through L2 Collaboration

Bitcoin News Update: Stablecoin Growth Drives Cathie Wood's Updated Bullish Outlook on Bitcoin, Not Market Weakness

- ARK's Cathie Wood maintains $1.5M Bitcoin long-term target despite 30% price drop, adjusting 2030 forecast to $1.2M due to stablecoin competition. - She attributes market volatility to macroeconomic pressures, not crypto fundamentals, and highlights Bitcoin's historical liquidity-driven rebounds. - UK's "no gain, no loss" DeFi tax framework and firms like Hyperscale Data ($70.5M BTC treasury) reflect evolving regulatory and strategic dynamics. - Bitfarms' exit from Bitcoin mining to AI HPC by 2027 unders

Bitget-RWA2025/11/28 19:20
Bitcoin News Update: Stablecoin Growth Drives Cathie Wood's Updated Bullish Outlook on Bitcoin, Not Market Weakness