According to Whale Alert, at 02:00 Beijing Time, 1,000 BTC (approximately $77.11 million) were transferred from an unknown wallet to Coinbase.
Tether CEO Paolo Ardoino stated that Tether's net operating profit for Q3 2026 was approximately $1.5 billion, the USDT supply reached roughly 183.5 billion as of September 30, and excess reserves totaled around $7.95 billion, nearly doubling compared to the end of Q2.
Binance is collaborating with the FBI and the U.S. Secret Service to investigate a theft incident involving $6.4 billion. Stablecoin issuer Circle stated it has frozen over $800 million in USDC related to the incident and is cooperating with law enforcement authorities in the investigation. (Decrypt)
Federal Reserve's Logan said that the Fed needs at least two more rate hikes of 25 basis points each.
Odaily reports: Lin Han, founder and CEO of cryptocurrency trading platform Gate, has called on the crypto industry to immediately establish a security alliance to unify security standards, intrusion detection protocols, and emergency response mechanisms in order to address security incidents like the one suffered by Binance. The Binance incident involved approximately $6.3 billion in losses.Gate also proposed promoting a vault solution with split keys, distributing private keys among users, Gate, and recovery partners, so that funds can only be transferred after at least two parties are compromised; vault withdrawals would be subject to a 48-hour delay to allow users to freeze their funds.Gate stated that it has flagged the relevant hacker addresses and will freeze any illicit funds transferred to its platform. (Bitcoin.com News)
zkLink has announced a bounty program in response to the recent security incident affecting zkLink Nova, aimed at facilitating the recovery of affected funds. Security researchers or white-hat contributors who provide information that materially assists in fund recovery may receive a reward of up to 20% of the recovered amount, with specific eligibility and reward amounts to be determined by zkLink based on the value of the information provided.Additionally, if the exploiter returns all funds, they may retain 20% as a white-hat bounty, and zkLink commits not to take further legal action regarding the returned funds. Related communications can be conducted through zkLink's official X account or email.