Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Here’s a quick recap of the crypto landscape for Friday (September 25) as of 12 noon. UTC.
Bitcoin price update
Bitcoin (BTC) was priced at US$84,579.76, trading 0.6 percent lower over the past 24 hours.
Bitcoin price chart
Chart via the Investing News Network
Bitcoin price performance, September 25, 2026.
Ether and altcoin price update
Bitcoin price performance, August 19, 2026.
- Ethereum (ETH) was priced at US$2,717.83, trading 0.6 percent higher over the last 24 hours.
- XRP (XRP) was priced at US$1.60, up 5.1 percent over the past 24 hours.
- Solana (SOL) was trading at US$120.85, trading 3.4 percent higher over the past 24 hours.
Today’s crypto news to know
Federal Reserve unveils proposed rules for stablecoin issuers
The Federal Reserve opened two regulatory proposals for public comment on Thursday (September 24) to establish capital and reserve requirements for stablecoin issuers under the GENIUS Act.
President Donald Trump signed the GENIUS Act into law in July 2025 to create the first federal regulatory framework for dollar-pegged stablecoins.
The first proposal requires Board-supervised payment stablecoin issuers to back their tokens entirely with high-quality, liquid assets like short-term Treasury bills. It also sets standardized capital requirements to cover credit and operational risks, establishes risk-management standards, and outlines custody rules for backing assets.
Meanwhile, the second proposal creates a tailored application process for Board-supervised banks seeking to issue payment stablecoins, requiring business plans and financial disclosures.
The public comment period will remain open for 60 days following publication in the Federal Register. The Office of the Comptroller of the Currency is racing to finalize its own stablecoin rules by November, while the Treasury Department proposed rules barring platforms from selling noncompliant tokens to US customers.
Hackers drain over US$350 million from Bitget
Hackers drained more than US$350 million in crypto assets from hot wallets belonging to cryptocurrency exchange Bitget in a confirmed exploit late Thursday (September 24).
Bitget CEO Gracy Chen confirmed that company cold wallets held offline remain fully secure and that the security breach affected only internet-connected trading wallets.
“User funds are safe. The full amount of this loss falls within the coverage of Bitget’s User Protection Fund, which currently holds over $464 million,” Chen wrote on X.
On-chain analysts at Bubblemaps and Arkham initially flagged suspicious outflows as a newly created wallet address withdrew US$19.67 million in USDT0 and swapped it for 7,111 ETH in six minutes. The attacker subsequently executed swaps through UniswapX and 1inch Fusion at a 5 percent premium over market rate.
The hacker then transferred additional wallet reserves containing ETH, AVAX, BNB, USDC, USDT, and gold-backed XAUT tokens to the same address.
Outflows from Bitget’s labeled wallets stopped six minutes after the initial trade, indicating that the exchange froze withdrawals to investigate the intrusion.
The US$464 million User Protection Fund will absorb all losses from the breach, which ranks among the largest exchange hacks following Bybit’s US$1.4 billion loss in February 2025.
New York sues Polymarket US over unlicensed gambling
New York Attorney General Letitia James sued Polymarket US on Thursday (September 24) for allegedly operating an unlicensed gambling business within the state.
The state lawsuit seeks a court order prohibiting Polymarket from operating in New York, demanding fines, asset forfeiture, and user restitution.
Governor Kathy Hochul backed the action, stating, “Polymarket has done more than just knowingly violate state law, they have put New Yorkers at risk, especially those underage who are most vulnerable to problem gaming,”
Polymarket counter-sued New York hours later in federal court, alleging that state enforcement oversteps federal authority because the CFTC oversees its US operations.
CFTC Chairman Michael Selig has actively defended federal preemption over prediction markets, suing states that attempt to enforce local gaming laws against CFTC-regulated venues.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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