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first_img NEAR Intents: Frozen $503,000 of stolen funds from Bitget

Cross-chain trading protocol NEAR Intents stated in a post on X that on September 24, Bitget was attacked, resulting in approximately $387.5 million in funds being stolen, most of which were aggregated into Ethereum and converted to ETH. The hacker attempted to transfer over $50 million through NEAR Intents, but ultimately only $166,000 was successfully transferred, while $503,000 was intercepted during the execution process.NEAR Intents indicated that the relevant data comes from on-chain tracking tools, Arkham, internal logs, and risk control layer SHIELD, among other sources. The figures listed are rounded estimates, with an assessment deviation of no more than 10%. SHIELD identified over $50 million in money laundering attempts and has filtered out duplicate flows, of which $166,000 has been successfully transferred, while another $503,000 was frozen midway through execution and remains restricted, pending legal and recovery procedures.NEAR Intents stated: permissionless does not equal neutral, the team refuses to assist in cashing out stolen assets and will forgo the bounty from this incident to allow Bitget to recover funds as much as possible. Bitget previously established a 5% + 5% bounty arrangement. NEAR Intents also mentioned that the protocol will remain permissionless but set boundaries, and will combat money laundering of stolen funds, while suggesting Bitget contact legal and law enforcement channels to handle the frozen funds.

first_img TSMC plans to build a second campus in Texas, with an estimated investment exceeding Arizona

According to the Economic Daily, citing sources from the semiconductor equipment industry, TSMC plans to expand its manufacturing presence in the United States. Following Arizona, it is set to initiate plans for a second park in the U.S., with a high likelihood of establishing six advanced wafer fabs in Dallas, Texas. Reports indicate that if the second park is launched, the total investment is expected to exceed the $265 billion in Arizona, linking Arizona's wafer manufacturing with Texas's advanced ecosystem. As of September 28, the reporter has not received a response from TSMC; supply chain operators stated that the owner has not yet notified preparations, and the board has not yet made a decision.The total investment in TSMC's wafer fab in Phoenix, Arizona, has now increased to $265 billion, with plans including six wafer fabs, two advanced packaging plants, and a research and development center. Reports suggest that TSMC's considerations for increasing its overseas presence include proximity to customers, diversification of geopolitical risks, and overcoming resource limitations such as land, water, and electricity in Taiwan. U.S. customers accounted for approximately 75.64% of TSMC's revenue in the first half of 2026.There are widespread rumors in the industry that TSMC is responding to demands from customers like NVIDIA, Intel, AMD, and Apple for local production in the U.S., while facing pressure from the U.S. government, which has threatened that chip manufacturers must relocate back to the U.S. or face tariffs of up to 200%. Dallas and North Texas are known as the "Silicon Prairie," with local factories established by Texas Instruments, Coherent, Samsung, and Tesla. Reports indicate that the Arizona facility still faces challenges such as water shortages, power shortages, and labor shortages, while Texas offers talent, lower tax burdens, and stable electricity, leading supply chain operators to believe that site evaluations are nearing completion.

first_img a16z partner David George: OpenAI's advantage lies in creating new customers and distribution

David George, a general partner at a16z, stated that OpenAI understands a rare but important thing: the purpose of a business is to create customers. He believes that OpenAI will not win solely due to model, chip, cost performance, or product leadership, but because it excels at creating new types of customers and has a more sustainable distribution strategy.David George indicated that in the context where intelligent services are widely available, the key is whether new usage behaviors can be awakened and distribution won. He summarized the leverage for building cutting-edge large-scale AI businesses as creating new behaviors, reaching a large number of users, pricing to capture value, and increasing conversion costs, and he believes that the last two are difficult to form long-term advantages; competition ultimately depends on the first two.The article also mentioned that OpenAI has found seemingly simple breakthroughs in areas such as chat interfaces, reasoning, tool invocation, and Computer Use multiple times, and is building long-term distribution in a platform manner. David George stated that OpenAI has a broad user base covering consumers, professional users, and enterprises, as well as the ability to deeply understand its own technology stack, thus being better positioned to discover reusable new patterns and foundational capabilities.

first_img The UK Chancellor of the Exchequer criticized Nigel Farage's "Bitcoin account."

In a speech on Monday, UK Chancellor of the Exchequer John Healey criticized Reform Party leader Nigel Farage's stance on Bitcoin, calling him "Liz Truss with a Bitcoin account." Healey stated that Farage wants the public to believe he is a representative of the common people, but on economic issues, he is simply "Liz Truss with a Bitcoin account." Liz Truss is the UK's shortest-serving Prime Minister, widely criticized for her 2022 mini-budget driven by debt. Healey also mentioned that his party, the Labour Party, will help the UK lead through fiscal discipline, good jobs, and a strong industry.Farage has long been a political supporter of cryptocurrency, primarily viewing Bitcoin as a matter of personal freedom since 2020, and opposing state control over currency. He has stated that he was denied banking services by the UK private bank Coutts, which led him to take a greater interest in digital assets. Last year, at the Bitcoin 2025 conference in Las Vegas, he claimed that if elected Prime Minister, he would cut crypto capital gains tax and force the Bank of England to establish Bitcoin reserves.Farage has faced criticism this year for accepting donations from cryptocurrency entrepreneurs, including tech entrepreneur and Tether investor Christopher Harborne, as well as Ben Delo, one of the founders of the now-closed crypto exchange BitMEX. The Metropolitan Police have launched an investigation into reports of Reform violating overseas donation rules, with Reform denying any wrongdoing and stating that they will cooperate.

first_img Breez SDK launched stablecoin payment functionality, supporting over 30 networks

According to Bitcoin Magazine, Bitcoin software provider Breez announced that applications built on its Breez SDK now support users receiving stablecoin payments from over 30 networks using their Bitcoin balance.Breez stated that after the recipient selects the network and amount of the payer, the SDK generates a deposit address and displays the amount received, while the payer pays from their wallet as usual; Flashnet completes the exchange in the background, and the funds ultimately enter the recipient's non-custodial wallet in the form of Bitcoin, or in the form of USD if the stable balance feature is used.In June of this year, Breez launched the ability to send USDT/USDC, allowing a single Breez-powered balance to transfer stablecoins bi-directionally across almost all networks. This update is the latest in a series of usability upgrades, following the rollout of features such as Passkey login, Cash App instant account opening, and stable balance. Breez also launched a reference application called Glow in August to showcase the capabilities of the SDK.The Breez SDK is a developer toolkit that allows applications to add Bitcoin payments without having to build their own payment infrastructure, covering wallet creation, sending and receiving, and Lightning Network payments. Developers can provide Bitcoin functionality with minimal code, without needing to run nodes or manage liquidity.In July of this year, Breez announced a partnership with Turnkey, allowing developers to add non-custodial Bitcoin support to wallet applications running on their own servers.

first_img Tether assists in freezing nearly 550 million USD related to Iran USDT

The issuer of the stablecoin USDT, Tether, stated on September 28 that actions involving USDT in 2026 have frozen approximately $550 million, with the related wallets identified by U.S. authorities as being associated with the Central Bank of Iran and the Iranian sanctions network. Tether claimed that its cooperation with U.S. and international authorities has supported over 2,900 investigations globally, with more than 1,600 involving U.S. law enforcement agencies.According to Tether, in April 2026, it assisted in freezing over $344 million USDT across two addresses based on information provided by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The next day, OFAC listed these addresses as digital currency identifiers of the Central Bank of Iran, with the sanctions entry associated with the Quds Force of the Islamic Revolutionary Guard Corps and Hezbollah. In July 2026, the Treasury expanded the designated scope to four additional TRON addresses, with over $130 million USDT frozen across the four wallets.Tether CEO Paolo Ardoino stated that USDT is not a safe haven for sanctioned actors, terrorist organizations, or criminal networks, and that public blockchains allow authorities to see the flow of funds, enabling Tether to take action when law enforcement provides credible information. Tether also mentioned that it collaborates with over 340 law enforcement agencies in 67 countries, and its wallet freezing policy has been aligned with the OFAC Specially Designated Nationals list.
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