Bitcoin

About twenty minutes. Ten chains. Approximately $6.36 billion drained from Binance hot wallets, according to TRM Labs. For US holders, the immediate question is whether withdrawals work. The next questions are harder: who controls the frozen money, when recovery becomes real, and whether an unrecovered balance creates a deductible tax loss. Keep the estimates separate. Binance puts the affected amount at roughly $6.3 billion; TRM puts it at $6.36 billion; Chainalysis puts it at $6.4 billion. These are estimates of the same incident, not separate losses to add together. ...

$87,152 Intraday. $84,501 at the Close. Just 29,000 jobs helped finish a four-day collapse in October hike odds from 70% to roughly 13–14%. Bitcoin reached $87,152 on October 2, then closed at $84,501. The policy obstacle shrank. The rally vanished. Why? September’s ETF buying had nearly stopped, leverage had built before payrolls, and long-term Treasury yields remained punishingly high. A softer Fed outlook could remove a threat without supplying the next buyer. ...

Your Bitcoin exposure can look solid on a screen while leaving one uncomfortable question unanswered: who actually holds the assets? With BTC near $84,700, the SEC has put that question at the center of a proposal that could reshape how American advisers and funds handle crypto. The SEC Wants a Clearer Route Into Crypto Custody On Thursday, October 1, 2026, the SEC proposed changes to custody rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. The objective is a compliant pathway for investment advisers and regulated funds holding crypto assets. ...

Your Bitcoin can already count as margin at a qualifying US futures broker. But how much counts? In specified customer-account calculations, the haircut is generally at least 20%. That means a $100,000 crypto holding can contribute just $80,000 of recognized collateral value before its market price falls. Now the CFTC has clarified another part of the plumbing: how tokenized versions of permitted investments fit inside the rules governing customer funds. For American traders, the useful question is what your broker can accept, what it can do with customer cash, and how quickly your collateral cushion can shrink. ...

For US Ether holders still carrying the memory of Kraken’s $30 million staking settlement, Friday brought a consequential change in the SEC staff’s position. On Sept 25, 2026, staff classified qualifying staking receipt tokens as non-security assets. Meanwhile, 1,649,594 ETH sat in Ethereum’s entry queue, and US spot Bitcoin ETFs closed a $2.4 billion inflow week. The relief is real, but the decisive detail lives in the custody agreement: can the receipt issuer use your deposited assets? ...

At 18:31 UTC on September 24, 2026, Bitget detected unauthorized transfers involving approximately $351.6 million from portions of its hot and warm wallets. Withdrawals stopped; deposits and trading continued. Its official security notice said cold wallets were secure and a User Protection Fund holding more than $464 million covered the loss. Those assurances were company statements, not independently verified findings. The Seychelles-registered exchange exposed a problem relevant to US holders even without a Bitget account: crypto held at an exchange is not an insured bank deposit. A displayed balance, a reimbursement promise, and access to withdrawals are three different things. ...

The exchange that taught crypto how to trade leverage with no expiry is no longer an exchange. BitMEX stopped trading, deposits and new positions at 04:00 UTC on September 23, 2026, ending an 11-year run — and the wind-down is not finished for anyone who left a balance behind. CoinDesk confirmed the shutdown, and BitMEX’s own closure notice set the terms months in advance. For US readers the story is less about a price event than about a structural one: the venue that invented the perpetual swap was the venue Americans were never allowed to use in the first place, and the product it popularized is only now arriving onshore. ...

U.S. spot Bitcoin ETFs took in $998.95M, roughly 11,530 BTC, on September 21, their biggest dollar inflow in 11 months. Yet much of that demand probably originated Friday. And Americans buying the ETF wrapper faced a tax distinction: wash-sale planning followed the shares, not ordinary Bitcoin holdings. The Block reported the figures September 22. The prior larger session was October 6, 2025, at $1.2 billion. The comeback mattered, but the transaction date, ownership structure, and personal cost basis mattered just as much. ...

$86K Broke the Shorts. The Weekly Close Matters More. Bitcoin hit $86,332 on Bitstamp on Monday, September 21, a 33-week high and its first move above $86,000 since late January. By that high, crypto short liquidations approached $800 million over 24 hours. The rally reached roughly 5.7% on the day. Cointelegraph’s report captures the squeeze. The bigger development arrived before Monday’s rush: Bitcoin closed the prior week above its 50-week moving average for the first time in 45 weeks. My read: the squeeze explains the speed; the weekly reclaim gives the recovery a stronger foundation. US ETF demand now has to help sustain it. ...

Bitcoin just won a historic committee vote. It did not win a government buy order. The American Reserve Modernization Act would lock up qualifying federal Bitcoin, change the custody rules and demand an inventory. It authorizes the Treasury to buy exactly zero coins. On September 16, the House Financial Services Committee advanced H.R. 8957, or ARMA, by 28–21, the first full-committee passage of a strategic Bitcoin reserve bill. All votes for passage came from Republicans; all opposing votes came from Democrats. The committee’s markup record also records the adoption of Rep. Bryan Steil’s substitute and the defeat of Rep. Maxine Waters’ amendment, 21–28. ...