Web3 & Crypto
Bitcoin briefly hits $87K as weak US jobs data sends bond yields lower
Bitcoin briefly surpassed $87,000 on Friday after US nonfarm payrolls came in far below expectations, prompting traders to reduce bets on Federal Reserve rate hikes. The weaker labor data also pushed US bond yields lower for a second day, while US stocks rose at the open. Bitcoin later slipped back below $86,000.
Bitcoin Tops $86K as Soft Inflation Lifts Odds of Fed Rate Hold
Bitcoin traded at $86,757, up 3% in 24 hours, after a cooler-than-expected August inflation reading shifted Fed rate expectations toward a hold at the October 28 meeting. A weak September jobs report released Friday reinforced that case, while spot Bitcoin ETFs pulled in $2.65 billion last month.
Bitcoin nears $87K as short liquidations top $120M
Bitcoin approached $87,000 on Friday, its highest since Sept. 23, as short liquidations exceeded $120 million over 24 hours. Buyers broke through sell orders near $85,000, according to Glassnode. ETF inflows have cooled since late September, though funds continue to buy at a slower pace.
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As it breaksZano exploiter minted 36.9M ZANO, 1.8 quadrillion fUSD before rollback
Zano said an attacker exploited its Gateway Address vulnerability twice, minting 36.9 million ZANO and about 1.8 quadrillion fUSD before the project rolled its blockchain back by a month. The team said the rollback was needed because the unauthorized tokens were indistinguishable from legitimate supply, though it acknowledged the move could hurt trust.
Core Lightning Urges Immediate Upgrade as Attackers Target Unpatched Nodes
Core Lightning has told node operators running version 26.06.7 or earlier to upgrade immediately after receiving reports of attackers targeting unpatched Bitcoin Lightning Network nodes. The team did not disclose which vulnerabilities are being exploited or their potential impact.
Zcash Slips 21% From Peak as ETF Outflow and Hack Sentiment Weigh
Zcash (ZEC) is trading at $1,333.50, down 7.29% on Thursday and about 21% below its late-September peak of $1,698. The drop comes as Grayscale's Zcash ETF saw a $30.25 million daily outflow, and sentiment is weighed by a $387 million Bitget hack. Technical indicators suggest a correction rather than a collapse.
Evernorth Wins Shareholder Vote for Nasdaq Debut With 473M XRP Treasury
Shareholders of blank-check firm Armada Acquisition Corp. II approved its business combination with Evernorth, clearing the way for the XRP treasury company to list on Nasdaq. The deal is expected to close Oct. 7, with shares trading under the ticker XRPN from Oct. 8, and Evernorth expects to hold about 473 million XRP.
Crypto Market Cap Falls 2.6% to $2.88T as $164M in Longs Liquidated
The global crypto market cap slipped 2.6% to $2.88 trillion as more than $164 million in leveraged positions were liquidated, with longs taking the bulk of the damage. Bitcoin traded near $83,500 after giving back gains, as elevated Treasury yields weighed on risk assets despite a nine-session streak of spot Bitcoin ETF inflows.
Drift Opens DFX Token Claims to Compensate April 2026 Exploit Victims Until 2028
Drift Foundation has opened claims for DFX recovery tokens to compensate users affected by the April 1, 2026 exploit that drained $295.4 million from its Solana-based protocol. Victims can claim one DFX per dollar of verified loss until January 1, 2028. The recovery pool holds $3.8 million, with more support anticipated from Tether and other sources.
NEAR Intents Exploited for $3.8M, Deposits and Withdrawals Paused
NEAR Intents, a cross-chain trading protocol, suffered a $3.8 million exploit on Thursday due to a bug in its Omni deposit and withdrawal system. The platform has paused services and temporarily disabled deposits and withdrawals on several blockchains, promising full reimbursement. The incident adds to a year of major crypto hacks, including Bitget's $350 million loss last week.
Manhattan trial begins over alleged $53M Uranium Finance crypto theft
A federal trial has opened in Manhattan against cybersecurity consultant Jonathan Spalletta, accused of exploiting Uranium Finance smart contracts to steal about $53.3 million in cryptocurrency in 2021. Prosecutors say the hack drained 26 liquidity pools and forced the DeFi protocol to shut down. Spalletta is presumed innocent until proven guilty.
South Korea's Crypto Market Value Falls 33% in First Half of 2026
South Korea's cryptocurrency market shrank by a third during the first half of 2026, according to a Korea Bizwire report from Seoul. The outlet attributed the decline to weaker prices for major tokens. The contraction amounts to a roughly 33% drop in total market value over six months.
Arbitrum Gains 135% in September as Robinhood Chain Tops $1B
Arbitrum's ARB token rose 135% over September 2026, far outpacing Ethereum's 8% monthly gain, as Robinhood Chain — an Orbit-based Layer 2 for tokenized stocks — passed $1.02 billion in contracts. The rally lifted the combined market cap of major Layer-2 tokens about 65% off their 2026 low, even as smaller networks struggled with an exploit and a shutdown.
MetaMask exits Lido validators amid security incident investigation
MetaMask is responding to a security incident affecting part of its infrastructure and has begun exiting affected staking validators as a precaution. The company says no immediate threat to MetaMask wallets has been identified. Lido confirmed MetaMask Staking started exiting Ethereum validators on Wednesday.
Crypto Market Cap Jumps 11% After CLARITY Act Stalls, Bitwise Says
The U.S. market-structure bill for digital assets failed a Senate procedural vote on September 15 by 49-50, and crypto has rallied since. Bitwise CIO Matt Hougan says the industry lost long-term federal clarity but escaped provisions that could have constrained growth, while the SEC and CFTC moved ahead with their own rules.
Crypto Funds Draw Record $3.55 Billion in 2026 Despite Fed Rate Hike
Crypto investment funds attracted $3.55 billion last week, the largest weekly inflow of 2026, according to Yahoo Finance. The surge came just days after the Federal Reserve raised interest rates, a move typically associated with reduced demand for risk assets.
Bybit Sues North Korea and Lazarus Group Over $1.5bn Crypto Theft
Bybit has filed a civil lawsuit in the US District Court for the District of Columbia against North Korea, its Reconnaissance General Bureau and the Lazarus Group over a February 2025 hack. The exchange also secured a preliminary injunction freezing identified stolen assets. About $48.4m has been recovered and $30.5m frozen, out of roughly $1.5bn allegedly taken.
Abracadabra Proposes Liquidating MIM at Four Cents on the Dollar
Abracadabra has put forward a plan to wind down its MIM stablecoin, asking holders to approve liquidation through a Snapshot vote. Remaining collateral would be swapped into ether and distributed pro rata, with the team estimating roughly $900,000 in recoverable backing against $21 million in bad debt.
BAL Holders Approve Balancer Wind-Down, Payouts Set for May 2027
Balancer's BAL token holders voted overwhelmingly to approve BIP-928, an orderly shutdown of the DeFi protocol. Pausable pools will move to withdrawal-only mode on October 30, 2026, with a full shutdown targeted by November 30 and treasury distributions to holders beginning in May 2027.