Friday, September 25: Bitget hack. Iridium yes. Escondida restart.
The Triple Tape — Friday, September 25, 2026. Morning markets: crypto, stocks, and metals. Crypto: Bitget reports ~$351.6M hot/warm-wallet backend breach (spoofed transfers; CEO says private keys not compromised; withdrawals paused; User Protection Fund >$464M claimed cover). Fed proposes GENIUS Act implementing rules for Board-supervised payment-stablecoin issuers (60-day comment). CFTC staff FAQs: eligible tokenized assets for customer funds + blockchain OK for records. Ondo Intelligent Portfolios live (BlackRock-developed strategies for eligible non-U.S. investors). UK banks complete first…
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