As global bond yields rise, the usual narrative frames it as bearish for bitcoin

$BTC$83,262.77
. Yet over most of $BTC’s history, the asset has shown little to no consistent correlation with bonds.
Yields snapped back into focus Wednesday. The U.S. 10-year jumped 15 basis points to its highest level since 2007, topping 5.13%, and pulled yields higher across the globe, as the feature image shows.

CoinMarketCap’s cryptocurrency fear and greed index maintained its position in the greed zone despite a slight decline in overall market sentiment. The index measured 74 today, a 4-point decrease compared to the previous day.

While the decline in the index indicates a slight weakening of investor sentiment in the cryptocurrency market, the current level suggests the market is still in the high optimism zone. On CoinMarketCap’s scale, an index near zero represents extreme fear, while a near 100 represents extreme optimism.

Polygon permanently removed 100 million $POL tokens with an estimated valuation of $10.12 million.
The liquidated volume equates to approximately 1% of the asset’s total issued supply.
The transaction utilized funds accumulated within the network’s fee-collector contract, which held nearly 121 million $POL.

European financial authorities warned that an advanced quantum computer could undermine cryptography used to secure blockchains, saying the threat could emerge before the technology has a viable commercial application.

JUST IN: Bitget crypto exchange reportedly hacked with over $170,000,000 stolen.

@WatcherGuru

JUST IN: Bitget crypto exchange confirms over $350,000,000 stolen following major hack.

@WatcherGuru

Bitget crypto exchange said unauthorized transfers from some of its hot and warm wallets on Thursday drained nearly $351 million in crypto. $XRP is the largest stolen asset, valued at nearly $157.5 million.

Bitget CEO Gracy Chen and some on-chain analysts suspect North Korea’s Lazarus Group behind the attack.

A subsequent breakdown from Lookonchain identified 102.93 million $XRP worth $157.48 million as the largest component of the stolen assets.

CEO Gracy Chen said Bitget detected unauthorized transfers at 18:31 UTC and immediately activated its emergency response protocols. The exchange temporarily suspended withdrawals pending a security review.

Lookonchain’s asset breakdown listed nine cryptocurrencies and tokens, including $XRP, $ETH, stablecoins, and tokenized gold:

One thing I have become very intentional about in crypto is where I keep my assets.

I have seen too many people lose funds because they trusted the wrong platform, left their assets on exchanges, or underestimated the importance of self-custody.

DEX hacked.
CEX hacked.
NFTs hacked.
Ledger compromised.
Hot wallets compromised.
Warm wallets compromised.

These incidents have reinforced one thing for me: I want to have direct control over my crypto.

That is why @Tangem is my personal choice.


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One of Shiba Inu's short-term activity metrics increased by 351% in just eight hours, signaling the start of yet another period of extreme volatility.

The recent market activity is especially significant because the spike occurred right after $SHIB was violently rejected from above $0.00000620.

Did Joe Biden’s Son Defraud the Entire Cryptocurrency Market? The Allegations Are Serious

The memecoin LAPTOP, linked to Hunter Biden, is back in the spotlight following a sharp drop in value after its launch, this time amid allegations that the project team earned millions of dollars. Hunter Biden, son of former US President Joe Biden, denied the claims that the team made tens of millions of dollars from LAPTOP sales, stating that no tokens have been sold from the project wallet to date.

According to the data, LAPTOP’s market value has fallen below $25 million, representing a loss of approximately 99.9% compared to its launch levels. The report also suggested that the project team may have earned an “eight-figure” profit, at least $10 million, from the token.

Coinbase’s Brian Armstrong still thinks Bitcoin will hit $400,000 in 4 years

Bitcoin has pulled back from last week’s move above $87,000 as renewed U.S.-Iran tensions pressured risk assets and interrupted its September rebound.

CoinGecko data showed Bitcoin falling below $84,000 during Monday trading after reaching a seven-day high above $87,000 last week. $BTC later recovered toward the $84,000–$85,000 area as traders assessed geopolitical risk and the next batch of U.S. economic data.

Ethereum faced similar pressure after trading above $2,700 last week, while XRP consolidated near $1.50. The moves followed gains across major cryptocurrencies during the previous week.

Quant ($QNT) has been the best performing crypto asset among the top 100 by market cap over the past week. Quant is a London-based company that builds Overledger, software that lets banks and enterprises connect their existing systems across multiple blockchains.

$QNT is its token which is used to pay for access to that network. Over the last seven days, $QNT has rallied from around $64 all the way to a high of $371 before retracing to around $260 at the time of writing.

In a major trend reversal, Gram [$GRAM] broke out of a multi-month downtrend. In doing so, the altcoin flipped $1.60 and climbed to a three-month high of $1.63 before retracing.

At press time, $GRAM was trading around $1.58, up 10% on the daily charts. At the same time, the Spot volume surged 130% to $215 million. Moreover, the altcoin’s daily turnover also rose to July levels, hiking to $71 million, suggesting strong buying pressure in the market.

By the end of this quarter, ether.fi will have cut the last structural link between its staking tokens and restaking protocol EigenLayer. Protocol documentation put under 1% of assets still restaked as of August with EigenPod withdrawal credentials due to be removed by the end of the year.