Bitget wallet breach, Ethena stock collateral, and diverging meme coins
One-liner

Bitget confirmed a $351.6M exchange-wallet breach, Ethena is adding tokenized stocks to USDe backing, and meme trading split as STONK fell while AGRIPPA gained.

Trench Radar

Bitget confirms $351.6M exchange-wallet breach.

Headline stories


Bitget confirms a $351.6M breach of exchange hot wallets.

Bitget detected unauthorized transfers on September 24 and suspended exchange withdrawals. The company says an attacker compromised a wallet-infrastructure backend and moved about $351.6M, but did not obtain private keys. Cold wallets and the separate self-custodial Bitget Wallet were unaffected, according to Bitget. Withdrawals were still suspended in the September 25 update.

Sources: theblock.co, x.com

Ethena adds tokenized stocks to its USDe backing strategy.

On September 25, Ethena announced plans to use Binance bStocks as tokenized stock holdings behind USDe, with equity perpetual futures used to offset stock-price changes. The change expands its existing strategy beyond crypto assets. This is an allocation plan, not a claim that every USDe is already backed by stocks.

Sources: theblock.co

KelpDAO files suit over an older rsETH bridge exploit.

Evercrest Technologies, the company behind KelpDAO, filed suit against LayerZero and its co-founder on September 24. It alleges that LayerZero endorsed the bridge configuration involved in an April exploit that took 116,500 rsETH, worth about $292M at the time. The lawsuit is new; the exploit is not. The allegations have not been established in court.

Sources: theblock.co, drive.google.com

The Fed proposes new stablecoin reserve rules.

On September 24, the Federal Reserve proposed rules under the GENIUS Act that would require payment stablecoin issuers to hold short-term Treasury bills or other highly liquid backing assets. The proposal also sets capital standards and an application path for supervised banks. These are proposed rules, not requirements already in effect.

Sources: theblock.co

Culture and drama


Robinhood Chain memes split: AGRIPPA climbed as ROO slipped.

AGRIPPA gained about 74% over the past 24 hours on $2.92M in pool trading, while ROO fell about 40% on $0.91M. AGRIPPA previously surged after reports of a Zuckerberg X follow; today's move is fresh trading in an unofficial coin, not a new Meta announcement. HOODCATS led the chain's trending pools, up about 40% on $1.68M.

Sources: geckoterminal.com, lookonchain.com

Solana's STONK changed direction while new pools swung harder.

STONK fell about 6% on $11.55M of 24-hour pool trading, reversing yesterday's gain. A Solana pool labeled TTP opened September 25 and climbed roughly 11x on $4.10M in trading; its fully diluted value was about $624K. Another pool, NPC, rose about 8x on $3.89M. These are volatile pool snapshots, not confirmed projects or endorsements.

Sources: geckoterminal.com, geckoterminal.com

Fresh Solana and Robinhood Chain pools raced up.

Solana's GO pool gained about 651% on $8.66M of 24-hour trading, while NPC gained about 830% on $3.89M. On Robinhood Chain, a pool labeled FOOMS opened September 24 and gained about 629% on $5.16M in trading. Those figures describe specific pools; neither a verified project launch nor a reliable market cap was established for GO or FOOMS.

Sources: geckoterminal.com, geckoterminal.com

Builders and launches


ARK brings its $1.3B venture fund onto Ethereum.

ARK Invest announced on September 24 that it is tokenizing its existing ARK Venture Fund through Securitize for eligible investors. The fund has roughly $1.3B in net assets; tokenization changes how investors can access it, not the underlying investment strategy.

Sources: theblock.co, securitize.io

Ondo launches three onchain investment portfolios.

On September 24, Ondo introduced portfolio tokens using model strategies developed by BlackRock. They give eligible investors outside the U.S. exposure to baskets of tokenized assets through a single token. The portfolios cover income, diversified growth and higher-growth strategies; they are not a U.S. retail launch.

Sources: theblock.co, prnewswire.com

Coins worth noting


TokenChain24h volumeMC or FDV24h
$BNKRBase$0.63M$42.16M MC/FDV+14.9%
$VVVBase$2.56M$1,504.19M MC/FDV+8.7%
$SPIKEBase$1.14M$0.95M MC/FDV-52.6%
$TIBBIRBase$0.33M$278.40M MC/FDV+12.4%
$B3Base$2.12M$39.02M MC/FDV+22.2%
$AEROBase$5.92M$778.96M MC/FDV+15.4%
$GITLAWBBase$0.20M$5.70M MC/FDV+12.5%
$DRBBase$0.08M$18.91M MC/FDV+3.3%
$MORPHOBase$2.90M$1,997.91M MC/FDV+5.8%
$LAPTOPBase$0.38M$25.51M MC/FDV+6.5%
$PEPENOMSolana$0.06M$0.26M MC/FDV+26.4%
$CACKLESolana$0.05M$0.12M MC/FDV+18.6%
$GOSolana$8.66Mnot reported+651.2%
$goonSolana$2.81M$1.35M MC/FDV+77.2%
$STONKSolana$11.55M$268.12M MC/FDV-6.1%
$SISolana$1.06M$0.27M MC/FDV-58.1%
$familiarsSolana$3.26M$0.88M MC/FDV-44.9%
$HoldoweenSolana$1.73M$1.57M MC/FDV+162.5%
$JEANPHILSolana$3.31M$9.32M MC/FDV+111.3%
$CATESolana$3.17M$102.18M MC/FDV+17.2%
$ASEEthereum$0.02M$0.81M MC/FDV+7.0%
$SENDEthereum$5.35M$6.61M MC/FDV+177.3%
$ONDOEthereum$4.88M$2,633.48M MC/FDV+23.5%
$PEPEEthereum$2.73M$1,918.21M MC/FDV+6.7%
$FWAEthereum$0.94M$15.17M MC/FDV-2.9%
$QNTEthereum$1.55M$1,425.55M MC/FDV+36.1%
$LITEthereum$1.23M$1,241.75M MC/FDV-0.6%
$FUSEEthereum$0.59M$2.21M MC/FDV-15.9%
$CONDOEthereum$3.05M$1.40M MC/FDV+54.5%
$SPXEthereum$1.57M$425.38M MC/FDV+5.9%
$HOODCATSRobinhood Chain$1.68M$0.52M MC/FDV+40.0%
$PONSRobinhood Chain$2.68M$443.76M MC/FDV+6.8%
$ROORobinhood Chain$0.91M$0.25M MC/FDV-40.5%
$ADRobinhood Chain$0.79M$0.29M MC/FDV+20.1%
$ROBINRobinhood Chain$0.19M$3.66M MC/FDV-26.3%
$AgrippaRobinhood Chain$2.92M$11.79M MC/FDV+73.9%
$musebookRobinhood Chain$2.62M$14.81M MC/FDV-28.4%
$FLYRobinhood Chain$0.01M$0.02M MC/FDV-27.8%
$AIRobinhood Chain$0.68M$236.93M MC/FDV+5.7%
$PRISMRobinhood Chain$0.51M$16.86M MC/FDV+3.6%
$BANANABNB Chain$2.15M$82.58M MC/FDV+6.5%
$BANKBNB Chain$13.94M$26.98M MC/FDV+3.2%
$BroccoliBNB Chain$2.60M$30.22M MC/FDV+8.9%
$AKEBNB Chain$13.52M$801.07M MC/FDV-13.1%
$LABBNB Chain$2.46M$45.16M MC/FDV+6.5%
$ARKBNB Chain$3.16Mnot reported+0.6%
$XPLBNB Chain$4.26M$54.61M MC/FDV+26.3%
$龙虾BNB Chain$10.94M$111.90M MC/FDV-14.4%
$MarsCoinBNB Chain$1.76M$117.74M MC/FDV+5.0%
$TTPSolana$4.10M$0.62M FDV+1190.8%
$NPCSolana$3.89M$1.72M MC/FDV+830.4%
$FOOMSRobinhood Chain$5.16Mnot reported+628.6%
$COLLECTBNB Chain$1.17M$9.69M MC/FDV-4.4%

Sources: geckoterminal.com, geckoterminal.com, geckoterminal.com, geckoterminal.com, geckoterminal.com

Seed accounts active

BitgetEthenaOndoARK Invest

Deltas since last run

$STONK
Down 6.1% on $11.55M after rising 12.2% yesterday.
Down
$AGRIPPA
Up 73.9% on $2.92M, after a gain of about 11% yesterday.
Up
$familiars
Down 44.9% on $3.26M after yesterday's surge.
Down
$ROO
Down 40.5% on $0.91M after yesterday's breakout.
Down
$JEANPHIL
Up 111.3% on $3.30M following yesterday's decline.
Up
$TTP
New Solana pool opened today, up about 11x on $4.10M.
New
$NPC
Solana pool up about 8x on $3.89M in 24 hours.
Up
$FOOMS
Robinhood Chain pool opened yesterday and gained about 6x on $5.16M, with market cap unavailable.
New
$GO
Up 651% on $8.66M; token identity beyond the pool symbol is unverified.
Up
$SEND
Ethereum pool gained 177% on $5.35M.
Up
$BANK
BNB Chain pool traded $13.94M, up 3.2%.
Active