Bitcoin price action sealed its first weekly candle close above a 21-week moving average trend line since it traded near $115,000 in October 2025.
Cross-chain bridge Allbridge paused its Core protocol after an attacker stole about $1.65 million from its Solana stablecoin liquidity pools using a flash loan from Kamino. Allbridge urged liquidity providers to withdraw and asked profiting traders to return funds.
Hyperliquid is rolling out permissionless prediction markets, allowing anyone to deploy a market by staking 500,000 HYPE tokens. This move aims to open-source the category, contrasting with curated platforms, as prediction markets see record growth, while other crypto news includes an Allbridge exploit and regulatory updates.
Hyperliquid plans a HIP-4 upgrade allowing external operators to create prediction markets, challenging Polymarket. Deployers must stake 500,000 HYPE ($31.7M), with validators retaining broad oversight. This aims to expand market creation beyond validators, mirroring the success of HIP-3's perpetual futures.
Zilliqa, a layer-1 blockchain network, is investigating a security incident involving an exchange partner after its native ZIL token was stolen from a cold wallet. Zilliqa has asked exchanges to temporarily pause ZIL deposits and withdrawals as a precaution, but has not disclosed the amount stolen or the partner's identity.
Veteran trader Peter Brandt forecasts Bitcoin's market cycle bottom on October 4, 2026, potentially below $50,000, citing current optimism. He expects a peak between $250,000-$300,000 by 2029, favoring Bitcoin and precious metals over AI stocks.
Vietnam has issued Decree No. 284/2026/NĐ-CP, imposing administrative penalties up to 200 million Vietnamese dong for using unlicensed crypto platforms, unauthorized offerings, and AML violations. The decree takes effect September 1, aligning with the country's move towards a regulated crypto market.
