Coinbase powers Citi’s new stablecoin rails, and corporate banking faces a major shift

Citi institutional clients can now accept stablecoin payments through Spring by Citi using Coinbase’s payments infrastructure, Coinbase said on Sept. 28. The exchange also said its Virtual Accounts can automatically convert incoming fiat into stablecoins using Citi’s Virtual Account Wallet. The announcement gives the companies’ earlier digital asset payments partnership two defined uses, one for […]

Billionaire Mark Cuban Predicts Humanoid Robots Will Fail Within 10 Years

Billionaire investor Mark Cuban believes humanoid robots will fail within the next five to 10 years. Instead, he expects machines shaped around the specific jobs and spaces they serve. The former Shark Tank investor warned that both the companies and their machines could fail miserably. In his view, the push for human-shaped robots rests on […]

Here’s what happened in crypto today

Today in crypto, the fallout from Bitget’s nearly $388 million hack continued as NEAR Intents said it blocked more than $50 million in attempted transfers linked to the attackers, while Bitget began restoring Bitcoin withdrawals. Meanwhile, the SEC issued new guidance clarifying when certain crypto assets and activities may fall outside federal securities laws.NEAR Intents says it blocked $50M tied to Bitget hackersNEAR Intents said it blocked more than $50 million in attempted transfers linked to the Bitget hack. Attackers stole $387.5 million from Bitget on Thursday. A significant portion of these funds moved across chains to Ethereum, according to Alex Shevchenko, general manager of NEAR Intents, a protocol that lets users swap crypto assets across blockchains. Shevchenko said its SHIELD system detected and blocked more than $50 million in attempted transfers, which subsequently went to other providers. It managed to freeze $503,000 in funds during execution, while around $166,000 in suspected stolen funds passed through.The post came as THORChain faced calls to block addresses linked to the attack, underscoring a tension that permissionless crypto protocols face — offering open access while seeking to curb illicit activity. Shevchenko argued that permissionless systems do not necessarily have to be neutral. “The people who build these systems make choices about what those protocols enable. Refusing to help launder stolen assets is one of ours,” Shevchenko said.“Property rights are fundamental to functioning markets. A financial system where stealing an asset gives you an unrestricted right to monetize it isn’t a freer system. It is simply a system that protects the thief. Such systems cannot become the economic backbone of the future,” he added.SEC clarifies when crypto activity may fall outside securities lawsThe US Securities and Exchange Commission has updated its guidance on when certain crypto assets and transactions may fall outside federal securities laws.The new FAQs expand on the SEC’s March interpretation of how the Howey test applies to digital assets, including token buybacks, network development and staking receipt tokens. The agency said buybacks may not constitute the managerial efforts associated with an investment contract when a crypto network is already functional and lacks a central party. Work to maintain or improve a functioning network may also fall outside that standard, while staking receipt tokens would not automatically be treated as securities.The guidance is non-binding and does not change existing law, but gives crypto projects more detail on how SEC staff intends to apply current securities rules.The update follows similar guidance from the Commodity Futures Trading Commission and comes days after the Senate failed to advance the CLARITY Act, which would have established a statutory framework dividing oversight of digital assets between the SEC and CFTC. Both agencies are now moving ahead under their existing authority while the legislation remains stalled.Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChainCrypto exchange Bitget is resuming withdrawals after a security breach affecting nearly $388 million in assets, as the attacker continues moving stolen crypto through THORChain.Bitget said it resumed Bitcoin (BTC) withdrawals Monday after suspending them following last week’s security incident, with additional assets and networks set to follow over the coming days.The Sept. 24 breach compromised part of Bitget’s hot and warm wallet infrastructure, while its cold wallets remained secure, according to the exchange.Bitget later revised the stolen amount from $351.6 million to $387.5 million after accounting for additional transfers on Zcash and Tron.BTC withdrawals on the Bitcoin network and the BNB Smart Chain resumed first, Bitget CEO Gracy Chen said during a Monday ask-me-anything session.“We restored BTC first because the withdrawal pipeline is the first to be completed,” Chen said, adding that Ether (ETH) and Tether’s USDt (USDT) would follow as security checks progress.