Weekly recap: Bitcoin tops $87K, Fed drafts stablecoin rules, Bitget hit by $351M hack
- —Bitcoin cleared $87,000 as U.S. spot ETFs drew $999 million on Sep. 21 and $714.7 million on Sep. 22
- —The Fed proposed full backing of payment stablecoins with short-term Treasury bills and other liquid assets
- —Bitget suspended withdrawals after a $351.6 million breach; 102.93 million XRP worth $157.48 million was the largest chunk
- —Binance bought about 1.24 million Circle shares for $100 million and will promote USDC for five years
Why it matters: The Fed's draft rules will shape the U.S. stablecoin regime, while the Bitget breach ranks among the year's largest crypto hacks.
Source: crypto.news