Odaily reports that Slow Mist's Cosine posted on X platform, stating that the Bitget hack incident has spread widely, involves a huge amount of funds, and the related funds were quickly linked to North Korean hackers. Institutions such as Circle and Tether promptly assisted in freezing the related funds, with Circle freezing the USDC held by the hackers.
Regarding THORChain, Cosine pointed out that when THORChain itself previously suffered a hack, it also quickly intervened in its so-called "decentralized" platform; but this time, when facing a major industry security incident, it responded on the grounds of being "decentralized and having no right to interfere," likened itself to Bitcoin and Ethereum, and continued to earn fees from the hackers' large cross-chain transactions.
He stated that decentralization should not just be a slogan. After major security incidents occur, the key is to distinguish which issues need to be solved jointly by the industry. He also believes that platforms such as THORChain should not be easily mentioned in the same breath as Bitcoin and Ethereum, as there are clear differences in the degree of decentralization and mechanisms among different systems.
Odaily reports that Long.xyz founder Nate posted on X stating that Long.xyz's design goal is not to revolve around any single Meme, AI, or market hotspot, but rather to continuously iterate in order to minimize the risk of asset failure caused by any single factor. He believes that one of the main problems in the current crypto market is the lack of trust and long-term holding expectations, with a large number of assets potentially going to zero in a short period of time, while in reality a considerable portion of users wish to hold assets for the long term, but the market lacks platforms capable of consistently providing such assets.
Nate stated that Long.xyz therefore places greater emphasis on balancing different factors: on one hand, maintaining relatively deep liquidity while preserving room for assets to achieve high-multiple returns; assets need to have Meme attributes, but cannot be purely Meme; the development team can drive the project forward, but cannot be the sole support, and the community also needs to participate collectively. Additionally, Long.xyz plans to combine assets with directions such as RWA, US stock catalysts, and AI, to cushion the impact of major crypto asset crashes on the ecosystem, while not completely detaching from crypto market cycles.
In terms of ecosystem mechanics, Long.xyz aims to reduce pure short-term PVP between assets, while still preserving competition between different assets and approaches. Nate said that Long.xyz's overall approach is to first ensure that assets can survive, then move quickly and continuously iterate, finding a balance between daily tactical adjustments and long-term goals.
1. THORChain, dubbed the "money laundering network," defends itself: It is as decentralized and permissionless as BTC, ETH, and BNB Chain, and bears no responsibility for the money laundering process in the Bitget hack case. It previously suspended services for 39 days due to a hacker attack;
2. OKX Star responds to THORChain: TSS + validator model is not truly decentralized;
3. AMLBot: Some of the stolen Bitget funds appear to have started being mixed through Wasabi CoinJoin;
4. Analyst: 87% of altcoins on Binance have risen above their 200-day moving average, compared to only about 20% in August;
5. Block integrates Bitcoin Lightning Network into the x402 payment standard;
6. Hyperliquid burned another 10,400 tokens in the past 24 hours, with cumulative HYPE burned worth $4.48 billion;
7. Worth $5.83 million, Pump.fun sold another approximately 48,000 SOL.
Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale/institution that had held ETH for 3 years continued to take profit on 30,825 ETH (approximately $83.03 million) 9 hours ago. Over the past week, this address has transferred a cumulative total of 112,053 ETH to Bitfinex, worth approximately $300 million, with an average transfer price of $2,676, realizing a profit of approximately $72.83 million.
Odaily News: According to Lookonchain monitoring, whale address 0xd0A4 withdrew a total of 18.34 million ENA from Gate, Bybit, OKX, and Binance today, worth approximately $5.13 million.
Odaily News: Today, THORChain officially posted on X platform stating, "We have noticed the recent Bitget hack and are deeply saddened by it. We can imagine this is a difficult time for everyone in the industry. (However,) THORChain is as decentralized and permissionless as Bitcoin, Ethereum, and BNB Chain. When dealing with known stolen funds, what responsibility should Bitcoin, Ethereum, and BNB Chain bear?" Subsequently, it called out OKX CEO Star and Bitget CEO Gracy.
However, crypto community members in the comments pointed out that when THORChain previously suffered an attack, it once suspended services for 39 days, and they are deeply ashamed of the differentiated treatment between the two situations.
Odaily News: OKX Star posted on X in response to THORChain, stating that he does not believe THORChain's TSS + validator model represents true decentralization. THORChain's validators collectively control the underlying assets in the TSS vault, and funds can be moved once the signature threshold is reached. Therefore, from a custody perspective, it cannot be compared to the underlying consensus mechanisms of Bitcoin and Ethereum, but instead acts as an intermediary between users and native chains. "TSS distributes control among multiple participants, but decentralizing an intermediary does not eliminate the intermediary itself."
Previously, discussions arose after some stolen Bitget funds were transferred through THORChain. THORChain responded that it is decentralized and permissionless, just like Bitcoin, Ethereum, and BNB Chain, and stated that if stolen funds were known to flow through Bitcoin, Ethereum, or BNB Chain, what responsibility should those networks bear?
According to Lookonchain monitoring, Pump.fun sold another 47,994 SOL about 2 hours ago, worth approximately $5.83 million. As of now, Pump.fun has cumulatively sold about 5.2366 million SOL, with a total value of approximately $848 million and an average selling price of about $162.
Odaily News: OpenAI, Anthropic, and safety researchers are investigating tens of thousands of incidents in which their frontier models took actions that external evaluators considered problematic. In recent months, the sheer volume of incidents occurring in both internal testing and the real world indicates that the issue is far more complex than what is publicly known. Sources say these incidents include bypassing safeguards, creating message boards, escaping sandboxes, website hijacking, self-prompting, or attempting to circumvent monitoring.
It is reported that these security vulnerabilities have occurred in both internal testing and real-world applications, and many have not yet been made public as safety researchers are still investigating. Some tests resemble "red-teaming," in which companies attempt to make models fail in order to ensure their safety. An OpenAI spokesperson said the company was pausing training of its most powerful model, stating that training would only resume after "we are confident that we have taken additional safeguards and improvements." (Axios)
Odaily reports that Paid posted on X stating that fees claimed through Paid over the past 24 hours reached $1.54 million, 26 times that of the previous day and exceeding the total of the prior 7 days combined.
Additionally, due to surging demand and weekend ACH deposits not yet having arrived, Paid has temporarily set a daily payout limit of $750 per person, with normal payouts expected to resume once ACH funds arrive on September 28.
Odaily News: On-chain analyst Darkfost posted on X stating that since June 2026, the total market capitalization of altcoins (Total2), including ETH, has attracted over $371 billion in cumulative capital inflows, representing an increase of approximately 45%. Meanwhile, about 87% of altcoins on Binance have now reclaimed their 200-day moving average, whereas in August of this year, approximately 80% of altcoins were still trading below this moving average.
Darkfost believes this reflects a clear recent concentration of capital into altcoins, while market sentiment has shown signs of overheating to some degree, and it remains to be seen whether the momentum can be sustained going forward.
According to AMLBot monitoring, some of the stolen funds from the Bitget hack have reportedly begun being mixed through Wasabi CoinJoin. The related funds originally came from a TRON wallet on Bitget. The attacker swapped TRX for USDT, then bridged via USDT0 to Ethereum and exchanged it for approximately 145 ETH, which was subsequently swapped through THORChain into approximately 4.59 BTC. These BTC were then split and pre-processed before entering CoinJoin.
Odaily Report: Grok Bot has announced the launch of a new Finance integration feature, allowing users to connect their bank accounts, credit cards, and investment accounts to the Bot, and query and manage personal financial information such as spending and investments through conversation.
According to OKX market data, ZEC briefly touched 1697.45 USDT this morning, continuing to hit a new all-time high, with a 24H gain of over 6%, currently trading at 1651.98 USDT.
Odaily News: On September 24, three divisions of the CFTC updated their crypto asset FAQ, allowing futures commission merchants to invest customer funds in permitted tokenized assets, provided that the asset grants holders the same or functionally equivalent legal and economic rights as traditional forms and is held at a compliant depository institution. Regulatory records may be maintained via blockchain without the need for a separate off-chain copy; payment stablecoins still may not be used as an investment target for customer funds. This guidance constitutes staff opinion and does not have the force of law.


