reco

According to Techcrunch, AI security startup Reco announced the completion of a new round of financing of $55 million, which is an extension round based on its $30 million Series B financing in February, with participation from AT&T Ventures, Forestay, and Quadrille Capital.After this round of financing, the company's total funding amount has reached $140 million. Reco co-founder and CEO Ofer Klein stated that since the initial announcement of the Series B round, the company's valuation has "more than doubled."

According to Gate Europe CEO Dr. Giovanni Cunti's latest LinkedIn post, global business relies on efficient cross-border capital flows, but traditional international payments still face challenges such as multiple intermediaries, currency exchange, and limited operational efficiency.Dr. Giovanni Cunti emphasized, "Digital assets are opening up new possibilities for businesses in cross-market payments and value flows." He pointed out that stablecoins and blockchain-based payment networks can provide faster settlement speeds, higher transparency, and more flexible cross-border transaction capabilities. Beyond everyday payments, their application scenarios are rapidly expanding to areas such as vendor settlements, multinational payroll distribution, treasury management, and global value transfer.As this ecosystem continues to grow, a clear and defined regulatory framework is crucial. Europe is leading this transformation through MiCA (Markets in Crypto-Assets Regulation), which provides a unified standard for crypto asset services across the EU region. Dr. Giovanni Cunti further noted that in the long run, the value of digital assets will transcend asset trading itself, further deeply integrating into the real economy and the daily operations of global enterprises. Relying on the compliance foundation of the MiCA and Payment Institution (PI) dual licensing system, Gate Europe is deeply integrating digital asset services with traditional payment capabilities, continuously exploring a new paradigm of a highly efficient and closely connected global economy empowered by digital assets.

On the decentralized perpetual contract exchange Hyperliquid, the open interest for ETH is approximately 3.02 billion USD, surpassing BTC's approximately 2.8 billion USD.The total open interest on Hyperliquid is about 18 billion USD, setting a platform record, accounting for approximately 8.7% to 10.9% of the global perpetual contract open interest; since 2026, ETH and BTC have alternated leading in this metric multiple times.

According to the official announcement, the Bitcoin sidechain Liquid Network developed by Blockstream has initiated an independent external security audit for Elements v23.3.4, providing additional security verification for the recovery of Peg-out operations.Meanwhile, the Liquid Federation is coordinating an update to the PAK list, including replacing existing key entries and ensuring that all Peg-out keys are securely stored in cold wallets. The official statement indicates that progress on the recovery will be announced later.

According to The Block, the UK's Financial Conduct Authority (FCA) has obtained a court order requiring two individuals involved in a fraudulent cryptocurrency investment scheme to jointly repay £851,402, with plans to return the funds to the victims.At least 65 investors have collectively lost £1.54 million, and the amount being recovered is approximately half of that.

JPMorgan analysts stated that the recent pullback in global AI trading has improved investors' positions, making valuations more attractive, which may drive investors to reposition, especially in the semiconductor stock sector. JPMorgan pointed out that sustained strong earnings performance and evidence of AI commercialization will support investors' renewed focus on this sector.

The government of Kazakhstan is promoting the use of associated gas to power cryptocurrency mining, in order to restore the mining industry affected by power restrictions. President Kassym-Jomart Tokayev signed a decree in July requiring the establishment of mechanisms for enterprises to conduct digital mining using associated gas.Daniyar Mubarakov, head of the Blockchain and Digital Mining Association, stated that the total amount of associated gas in Kazakhstan can be converted into 1.2 to 1.3 terawatt-hours of electricity, sufficient to support medium or large data centers or Bitcoin mines in some oil fields. The Ministry of Energy of Kazakhstan estimates that there are up to 60 oil fields in the country producing associated gas. Oil companies can sell waste gas to miners, reducing disposal costs by millions of dollars, while miners can lock in electricity prices for years, reducing dependence on grid power.The government of Kazakhstan is developing a relevant legal framework to clarify the operational rules for enterprises and regulate the market. Gizzat Baitursynov, Deputy Minister of AI and Digital Development of Kazakhstan, stated that this mechanism will increase government tax revenue and improve the environment.

Cryptocurrency trader Ansem stated that he is quite optimistic about the real recovery of NFTs in this cycle, and art-related NFTs may see a price increase again.Ansem mentioned that what is more noteworthy is the innovation surrounding the forms of NFTs, including AI agents, ownership mechanisms, new issuance methods, and different models of NFTs combined with on-chain products. He believes that as the broader rotation of on-chain assets is still in its early stages, there may be more new applications and design explorations in the NFT field in the future.

According to CoinDesk, Ethereum co-founder Vitalik Buterin has released a long-term roadmap, referred to as Streamlining Ethereum. The vision proposes that by 2030, Ethereum will surpass a mere blockchain ledger and plans to completely restructure the protocol in the next three to four years.The transformation includes expanding transaction throughput by approximately 1000 times, introducing zero-knowledge proofs to enhance privacy and combat quantum computing threats. By 2030, the network is expected to accommodate 2TB of traditional dynamic state data, along with an additional 100TB of new scalable storage, to achieve underlying state separation and optimization. The vision also aims to establish Ethereum as an infrastructure driven by cryptographic validation, with applications extending from finance to social systems. Most developers support this plan, although some voices believe the implementation timeline is somewhat delayed.

According to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for four consecutive days, with the latest at -0.0082%, as purchasing power in the U.S. market has once again fallen into a slump.Previously, on August 24, the Coinbase Bitcoin Premium Index reappeared with a positive signal for the first time since May 19, reporting 0.0052%, temporarily ending the historically longest negative premium period of 97 days. The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically indicates that Coinbase's pricing is relatively low, which may reflect weak buying interest or significant selling pressure in the U.S. market, but it is not advisable to directly conclude that institutional funds are flowing out based solely on this indicator.

Bitget CEO Gracy Chen stated on the X platform that the Bitget bounty recovery program has been launched: a 5% reward for facilitating the freezing of the attackers' funds, and an additional 5% reward for successfully recovering the funds. She called on exchanges, security researchers, and on-chain investigators to participate in tracking and recovery, and thanked Circle and Tether for their swift freezing actions.According to previous reports, Circle and Tether have frozen 218,023 USDT and 99,990 USDC in addresses related to the Bitget attack, totaling approximately $318,000. Bitget stated that the attack resulted in losses of about $351.6 million, with the attackers breaching the wallet service backend system, forging transfer information, and triggering the authorization signature process, ruling out private key leakage.

Cosmos Labs disclosed that on September 22, Neutron encountered a governance attack that led to the theft of liquidity from protocols such as Astroport, with approximately 1.73 million ATOM subsequently transferred by the attacker to Cosmos Hub. The Cosmos Hub itself was not attacked, and user funds were not affected. To prevent the stolen ATOM from being transferred out, Hub validators temporarily paused the network for about 24.5 hours and resumed block production on September 23 based on the patched Gaia v28.3.0.Cosmos Labs stated that during the pause, 1.227 million ATOM remained in the attacker's Hub address. When the network was restored, these were transferred to a 4/6 multi-signature address composed of Nansen, Keplr, Enigma, Silknodes, Kiln, and Polkachu through a one-time change. Previously, about 500,000 ATOM had been exchanged for ETH via THORChain and could not be recovered; another 169,000 ATOM entered the attacker's address after the network was restored due to THORChain refunds and were sold after being transferred to Osmosis. The current multi-signature address holds approximately 1.227 million ATOM, which can only be returned after authorization from a Cosmos Hub governance proposal. The related funds will not be staked, lent, or traded. The Neutron team expects to submit a recovery plan and related governance proposals next week.

Bitget TradFi Chief Growth Officer Xie Jiayin issued an update on the platform's security incident, stating that the withdrawal time will be announced before noon tomorrow. The security team has identified the hacker's attack path and methods, and has grasped the details of how the attacker bypassed security measures, coming very close to tracing the source of the attack. The incident investigation by third-party security teams Mandiant and SlowMist is still ongoing, with a detailed report pending from the security team.On-chain tracking confirms that approximately $387.5 million has been transferred to the hacker's address, previously estimated at $351.6 million. This revision includes ZEC and TRX, and no other unauthorized transfers have been found. Xie Jiayin stated that the stolen funds at the platform level will be fully covered by the Bitget User Protection Fund, ensuring that user assets are not subject to any losses.Bitget has officially launched a fund recovery bounty program, offering a 5% bounty for voluntarily freezing the attacker’s funds and a 5% bounty for voluntarily recovering funds. The bounty also applies to assistance already provided. The platform has published the attacker's address, a real-time tracking dashboard, and a submission portal, with relevant information also available for submission through Bybit's Lazarus bounty platform.

Bitget stated that the withdrawal recovery plan will be announced before September 26 at 4:00 UTC (12:00 Beijing time) and thanked users for their patience.Bitget previously confirmed that approximately $387.5 million in assets were transferred to addresses controlled by attackers during this security incident, involving assets such as ETH, XRP, USDT, ZEC, USDC, USDT0, XAUt, BNB, AVAX, and TRX.Bitget claimed that the incident is currently under control, and no further unauthorized transfers have been detected. Withdrawals are temporarily suspended, and investigations and asset tracking are still ongoing.

Binance Co-CEO Richard Teng stated that since the discovery of the security incident at Bitget, the Binance security team has been closely collaborating with Bitget to assist in sharing security intelligence, tracking related funds, and supporting asset recovery efforts.Richard Teng mentioned that in such security incidents, the cryptocurrency industry will unite to respond to attackers, and the relevant assistance work is still ongoing.

Bitget CEO Gracy Chen stated during a live broadcast regarding the platform's attack incident that some of the affected funds may have a chance of being recovered. Regarding the resumption of withdrawals, Gracy Chen mentioned that Bitget needs to first investigate the relevant issues thoroughly. The technical team is currently advancing system repairs and security enhancements. The platform will only reopen the withdrawal function after confirming the system's security and ensuring that resuming withdrawals will not lead to further attacks by hackers.She stated that once a clear time window for the resumption of withdrawals is established, users will be informed immediately and an announcement will be made. Currently, no specific time can be promised, as the platform does not wish to make commitments that cannot be fulfilled.

According to Bitcoin News monitoring, this batch of Bitcoin is worth over 4 million dollars, accounting for about 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them.Alex Thorn, head of research at Galaxy Digital, stated that another 3.0134 BTC was transferred to that address in the same transaction, but its source has not yet been confirmed.