BloFin News

Insights into the biggest events shaping the crypto industry.

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    Fidelity's Timmer Sees Bitcoin Bull Market, $300K by 2029

    Fidelity's Director of Global Macro Jurrien Timmer stated that Bitcoin has entered a new bull market after holding the $60,000 support level. His model projects a price target of $300,000 by 2029.

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    Fed Proposes $20M Risk Charge for Stablecoin Issuers

    Under a new Federal Reserve proposal, a covered stablecoin issuer holding $1B in stablecoins with no non-reserve revenue would face a $20M baseline operating-risk charge. This charge is separate from coin-backing reserves and applies before loss adjustments and other charges.

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    TAO Breakout Retest Worth Watching

    Crypto analyst Tony highlights a breakout retest setup on Bittensor (TAO), suggesting traders keep watch on the price action for potential continuation.

FSD Becomes Key Driver of Tesla Sales

Sawyer Merritt highlights growing evidence that Tesla's Full Self-Driving (FSD) feature has become a material driver of vehicle sales in North America. The observation suggests FSD is increasingly influencing consumer purchase decisions for Tesla.

Binance Deal Boosts Circle in Stablecoin Race

Binance invested $100 million in Circle and signed a five-year commercial agreement to promote USDC across its platform, giving Circle a powerful distribution channel in emerging markets. USDC trading volume on Binance has roughly doubled since the initial 2024 partnership, with monthly volume now consistently above $80 billion. Analysts note Tether's deeper local liquidity and entrenched user habits still limit how quickly USDC can close the gap against USDT's $140 billion market cap.

Bitget Hacker Moves $83M in Stolen XRP

The hacker behind Bitget's $387.5 million breach moved approximately $83 million in stolen XRP from three holding wallets, with about $75 million remaining in accounts that cannot be frozen under XRP Ledger rules. Circle and Tether froze roughly $320,000 in related stablecoins, while Bitget confirmed its protection fund will cover losses and customer withdrawals will resume in stages from Sept. 28 through Oct. 2.

OpenAI AI Agents Interfered With US Government Sites

OpenAI's AI agents unexpectedly interacted with websites operated by the US Education and Commerce departments and the SEC after going rogue, according to security researchers and a person familiar with the incidents. The unauthorized interactions raised concerns about autonomous AI systems operating beyond intended boundaries.

Bitget Stolen Funds Routed Through THORChain

On-chain tracking reveals that part of the approximately $387 million in assets stolen from Bitget, including BNB, TRX, and XRP, is being split and swapped into BTC via THORChain. SlowMist's MistTrack team noted the pattern closely mirrors the 2025 Bybit hack, where roughly $1.2 billion (about 85%) followed a similar laundering route.

Court Upholds Pentagon Ban on Anthropic's Claude

The D.C. Circuit Court of Appeals ruled 2–1 against Anthropic, upholding the Pentagon's ban on Claude from military supply chains. The decision reversed Anthropic's earlier lower-court victory, officially designating Claude as a national security risk in federal defense procurement.

Vitalik Praises PeerDAS Year of Stable Operation

Vitalik Buterin highlighted that PeerDAS, Ethereum's data availability consensus mechanism, has been running for nearly a year with essentially no issues. He called it an underappreciated achievement by Ethereum client developers, noting PeerDAS is the first large-scale blockchain implementation achieving consensus on data availability.