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Hyperliquid Assistance Fund Repurchases and Destroys Over 47.5 Million HYPE Worth $4.366 Billion

According to monitoring, the Hyperliquid assistance fund has repurchased and destroyed over 47.5058 million HYPE, with a total purchase cost of approximately $1.321 billion, currently valued at around $4.366 billion.

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  • CZ: Welcomes More DEX Competition, Does Not Oppose Hyperliquid

    On September 26, Binance founder CZ stated during the podcast "WhenShiftHappens" that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated. He estimates that the proportion of the population holding some form of cryptocurrency is about 5% to 15%, but based on personal wealth allocation, the penetration rate of crypto assets may be less than 1%, indicating that the industry is still in its early stages. CZ mentioned that some members of the Hyperliquid community have attempted to build their community by criticizing centralized trading platforms and Binance, but he views this as normal competition and does not oppose the project. Previously, Trump mentioned Hyperliquid, which is very positive for the industry. Assets like HYPE, BNB, and Bitcoin could all benefit from the overall growth of the industry. CZ also pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants can often optimize further based on the groundwork laid by pioneers. Although he holds a significant amount of Binance shares and BNB, the centralized trading platform is just part of his asset allocation; rather than expanding a single platform, he hopes to promote the growth of the entire crypto industry.

  • Bitget CEO Confirms $387.5 Million Hacker Attack but Plans IPO Within Three Years

    On September 26, Crypto Briefing reported that Bitget CEO Gracy Chen stated that despite the platform being hacked on September 24 at 18:31 UTC, resulting in a loss of $387.5 million, the company still plans to go public within three years. The stolen assets included approximately 103 million XRP (about $157 million) as well as ETH and USDT, while the cold wallet was unaffected and no private keys were leaked. Chen noted that the characteristics of the attack were similar to previous actions by North Korean hacker groups, based on IP and transaction pattern analysis. Law enforcement has been notified, and on-chain tracking has been initiated, with Mandiant and SlowMist assisting in the investigation. Withdrawals remain suspended. Bitget's user protection fund exceeds $464 million, which can fully cover the losses with approximately $76 million remaining. Chen mentioned that in 2026, the AI and aerospace sectors would attract investors' attention, making the IPO environment challenging.

  • Bitget CEO Calls on THORChain: Refuse Service to Attackers' Addresses

    On September 26, Bitget CEO Gracy Chen posted on the X platform stating that the addresses of the attackers from Bitget have been publicly listed and are being actively tracked. The platform formally requests the cross-chain protocol THORChain to refuse service to these addresses. She emphasized that decentralization is a design principle and should not serve as a shield for facilitating known stolen funds, stating, 'The entire industry is watching.' Previously, blockchain security firm MistTrack pointed out that following the Bitget security incident, funds related to the Bitget attackers were again observed being transferred to THORChain for asset exchange and cross-chain transfer, publicly questioning the protocol's responsibility for facilitating large cross-chain exchanges when it is aware that the funds come from a publicly identified major hacking incident.

  • U.S. Spot Solana ETF Sees Record Daily Net Inflow of $80 Million

    According to Crypto Briefing, on September 25, the U.S. spot Solana ETF recorded a daily net inflow of approximately $80 million to $87 million, more than doubling the previous daily record of $33.5 million set in August. For the week, inflows reached $181 million, bringing the total net inflow to over $1.6 billion, with total assets under management ranging between $1.8 billion and $1.96 billion. Among these, Bitwise's staking-supported BSOL attracted about $55.7 million in a single day, accounting for roughly two-thirds of the total for that day; since its inception on October 28, 2025, BSOL has cumulatively represented about 80% of inflows in this category (approximately $1.22 billion). Grayscale's GSOL saw a daily increase of about $18.5 million, ranking second, while Fidelity's FSOL and Morgan Stanley's MSOL contributed less. During the inflow period, the price of SOL was around $120. Analysts suggest that the ability to support staking and yield generation is a core advantage that distinguishes these funds from Bitcoin ETFs.

  • Fidelity Executive: Bitcoin Power Law Model Indicates New Bull Market Cycle, Target Price of $300,000 by 2029

    On September 26, Jurrien Timmer, Global Macro Director at Fidelity Investments, stated on social media that the mathematical calculations of Bitcoin's 'power law' continue to indicate that a new cyclical bull market is forming after holding the $60,000 level, with a target price of $300,000 by 2029. Timmer also included a chart illustrating Bitcoin's power law valuation as evidence. It should be noted that the power law model is a long-term trend fitting tool, and its extrapolated prices are not deterministic predictions; actual trends are still influenced by liquidity, regulation, and changes in market structure.

  • Foreign Ministry Spokesperson Answers Questions on Artificial Intelligence

    On September 26, a reporter asked: We noticed that during the introduction of the results of this visit, the U.S. side used 'superintelligence' instead of 'artificial intelligence.' What is China's comment on this? The spokesperson responded: During the meeting between the Chinese and U.S. heads of state, in-depth discussions were held on the issue of artificial intelligence. Regarding the terminology of artificial intelligence, China values the U.S. position and respects their phrasing. The technology of artificial intelligence is continuously evolving, and all parties can strengthen communication, engage in in-depth discussions, and seek consensus based on the latest developments.

  • Iranian President: We No Longer Trust Negotiations with the U.S.

    On September 26, Al Jazeera reported that Iranian President Ebrahim Raisi stated that Iran "no longer trusts negotiations with Washington" because the U.S. has repeatedly launched attacks and imposed sanctions after each round of talks. Qatar and Pakistan are currently mediating between Iran and the U.S., relaying Tehran's messages to Washington. Raisi also mentioned that negotiations should be based on the memorandum of understanding previously signed by the two countries, adding that the Americans must clarify their position regarding this memorandum. Furthermore, he attributed the closure of the Strait of Hormuz to the U.S., stating, "It is the U.S. that has blocked our path." When Iran's path is obstructed, closing the Strait of Hormuz is a natural response. The crisis in the Strait of Hormuz can be resolved through negotiations rather than the use of force. If negotiations lead to a resolution of disputes, the waterway "will remain open for trade."

  • Bitget CEO Reveals $80,000 Loss from Impersonation Scam Linked to Lazarus Group

    On September 26, Crypto Briefing reported that Bitget CEO Gracy Chen disclosed a loss of approximately $80,000 from her personal wallet due to a social engineering attack disguised as a journalist interview. The attack involved hackers stealing the X account of a well-known crypto media outlet and impersonating a journalist to contact her under the guise of scheduling an interview. Chen stated that her personal losses are not covered by Bitget's user protection fund, which only covers users and not the CEO's personal wallet. Previously, Bitget's cold and hot wallets were hacked, resulting in an estimated loss of about $387.5 million (revised from an initial estimate of $351.6 million). The attackers did not utilize private keys but instead forged transaction data to redirect funds; the user protection fund has a scale of over $464 million. Chen attributed both incidents to the North Korean Lazarus Group, noting that the modus operandi and operational characteristics are consistent with the group's past actions, and mentioned that her personal wallet had previously been targeted, with tactics related to those used against other exchanges.

  • Bitget Confirms Being Deceived into 'Self-Approving' $388 Million Transfer, Losses Revised

    On September 26, Unchained reported that Bitget stated attackers transferred approximately $387.5 million from its exchange on Thursday, revising the initially estimated loss of $351.6 million after accounting for transfers on the Zcash and TRON chains. The attackers did not require private keys: CEO Gracy Chen mentioned that the attackers compromised key backend systems of its wallet infrastructure, forged transaction data, and triggered the authorization process, which was signed by Bitget's own system. The related vulnerability has been identified and fixed, and the withdrawal status, which has been suspended since Thursday, will be announced before midnight Eastern Time. Mandiant and SlowMist are assisting with the investigation. Chen noted that based on IP behavior patterns and on-chain signatures, this attack is consistent with methods used by North Korean-linked hacker organizations and resembles the previous $1.5 billion theft case from Bybit. Nansen tracking shows that 40,000 ETH were evenly distributed to four new addresses; as of Friday, 6:34 PM Eastern Time, eight attacker addresses held a total of approximately 68,300 ETH (about $18.4 million), with no further transactions initiated. Bitget stated that some of the funds have been frozen and is offering a 5% bounty on the recovered amounts to those who facilitate the freezing; the $464 million protection fund fully covers the losses.

  • Vitalik: Significant Progress in Mobile Offline Local Knowledge Applications, but Problem-Solving Ability Still Weaker than Notebook-Level Models

    On September 26, Ethereum co-founder Vitalik Buterin posted on X that he is testing a mobile offline local knowledge application recently developed by the community (with a related bounty link attached). He noted that these applications are significantly better than the product he attempted to build himself two months ago, but they still perform slower and less effectively than models that can run on a notebook when handling complex problems. Vitalik pointed out that the weakest aspect of these applications is professional travel-related queries, citing the test case 'Tell me the best vegetarian restaurant in my current city,' but none of the tested applications performed well. He expressed hope for continued improvements in such products and wishes to reach a level where users can comfortably query any facts of interest without needing an internet connection.

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