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This Week in Crypto (September 21–28): Bitget Loses $351.6M to a Spoofed Authorization, the Fed Writes the Stablecoin Rulebook, and Bond Yields Hit a Nineteen-Year High While Crypto Rallies Anyway

This Week in Crypto (September 21–28): Bitget Loses $351.6M to a Spoofed Authorization, the Fed Writes the Stablecoin Rulebook, and Bond Yields Hit a Nineteen-Year High While Crypto Rallies Anyway

Two things happened this week in crypto that are not supposed to happen together. The 10-year Treasury yield broke above 5.1% on September 23, its highest in nineteen years, and bitcoin rallied into it while $2.4 billion of ETF money arrived. Then Thursday supplied the counter-argument:
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This Week in Crypto (August 31–September 7): Liquid Loses 95% of Its Bitcoin to a Cache Bug, Twenty-One Banks Launch a Dollar, and the House Leaves Two Days After Crypto's Big Vote

This Week in Crypto (August 31–September 7): Liquid Loses 95% of Its Bitcoin to a Cache Bug, Twenty-One Banks Launch a Dollar, and the House Leaves Two Days After Crypto's Big Vote

The largest crypto theft this week involved no stolen key. Blockstream's Liquid sidechain lost about 95% of its bitcoin on Saturday because a caching shortcut let someone mint coins that were never there, and the federation signed the withdrawal correctly. Elsewhere: twenty-one of the world's
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