💵 Open USD Launches on Four Chains with $1B Liquidity Backing
Open USD has officially launched across four blockchains, backed by over $1 billion in liquidity commitments from five founding partners.
The stablecoin is issued by Open Standard and introduces a model that links company rewards and ownership directly to token supply and usage — positioning it as a yield-sharing or equity-adjacent stablecoin structure.
The multi-chain launch and the scale of initial liquidity commitments mark it as one of the larger stablecoin debuts in recent months, entering a market increasingly crowded with yield-bearing and institutionally-backed alternatives.
Bitcoin is trading around $82,735 as markets await the August core PCE inflation report, a key data point that influences Federal Reserve rate expectations.
Fed rate outlook and current leverage positioning are among the factors traders are watching as the figure approaches. A softer-than-expected reading could shift rate cut expectations, while a hotter print may add pressure across risk assets including crypto.
PCE data remains a closely tracked macro indicator for digital asset markets given its direct link to Fed policy decisions.
🏦 OKX Reports $27.4B in Assets in Latest Proof-of-Reserves
OKX has published its 47th proof-of-reserves report, confirming $27.4 billion in primary assets held on behalf of users.
The report shows 139,865 BTC on reserve, reflecting a 4% increase in user BTC holdings compared to August. ETH and USDT balances also rose over the same period.
Proof-of-reserves reports are a key transparency mechanism for centralized exchanges, allowing users to verify that customer funds are held in full.
🏛 Goldman Sachs Puts $100B Treasury Fund on Avalanche
Goldman Sachs has made its Financial Square Treasury Instruments Fund — a $100 billion cash-management product — available through Lynq, a private Avalanche Layer 1 network serving institutional clients.
Lynq is used by more than 30 institutional digital-asset firms and provides blockchain-linked market infrastructure for professional investors. The move extends Goldman's reach into tokenized fund distribution via a permissioned chain purpose-built for institutional use.
The integration marks one of the largest traditional finance products to be distributed through an Avalanche-based network, signaling continued institutional adoption of blockchain rails for real-world asset access.
🔐 BlockTower Founder Alleges Coinbase Hid $1B in Hacks
BlockTower Capital founder Ari Paul publicly accused Coinbase of losing $25 million of his firm's funds through hacks that he claims the exchange never disclosed to affected clients.
Paul made the allegations in an X post on September 29, 2026, stating that Coinbase covered up "massive and repeated hacks" totaling approximately $1 billion. He claims the losses occurred years ago and that Coinbase failed to inform BlockTower at the time.
Coinbase has not publicly responded to the allegations. If substantiated, the claims would raise serious questions about security incident disclosure practices at one of the largest U.S. crypto exchanges.
⚖️ Tether Froze $550M in Iran-Linked USDT This Year
Tether disclosed it has frozen nearly $550 million in USDT linked to Iran in 2026, as U.S. Senate Democratic investigators alleged the stablecoin has become a central part of Iran's shadow banking network.
Investigators identified USDT activity across 846 Iran-linked wallets. Tether, in response, pointed to blockchain transparency as an enforcement advantage — noting that on-chain data allows authorities to trace funds, identify wallets, and coordinate freezes directly with the issuer.
The case highlights growing regulatory pressure on stablecoin issuers to act as active compliance partners, with sanctions enforcement increasingly relying on the traceability of public blockchains.
🔐 Bitget Hack: $290M Moved Within 45 Minutes of Detection
Blockchain security firm Hypernative has analyzed the timeline of the Bitget exploit, finding that major transfer waves began approximately 30 and 45 minutes after the exchange reportedly detected the breach — leaving a narrow window to act.
The attack resulted in around $290 million moving out of Bitget before the situation could be contained. The speed of the fund movement highlights how quickly on-chain exploits can escalate once initiated.
The incident underscores the critical importance of automated real-time monitoring and rapid response infrastructure for centralized exchanges handling large asset volumes.