Crypto Weekly Roundup: SBI Hacked, Vanguard Mulls ETFs, & More

This week in crypto, SBI Group’s crypto arm was hit by a massive exploit as North Korean hackers drained $21 million from its crypto mining pool. Meanwhile, Vanguard is considering offering customers crypto ETFs to meet growing client demand, and Starknet announced the launch of Bitcoin staking and a 100 million STRK incentive program.

DeFi

Layer2 network Starknet launched several new initiatives, including Bitcoin staking, a 100 million STRK incentive program, and an institutional-grade BTC yield product.

Business

CME Group is planning to launch 24/7 trading for cryptocurrency futures and options in 2026, pending regulatory approval. The group believes the move will make its regulated crypto offerings ‘always on’ and match a market that never sleeps.

Sui Group Holdings has partnered with Ethena Labs and the Suo Foundation to launch two native stablecoins. The move aims to expand the Sui ecosystem’s liquidity and utility.

Vanguard is considering offering customers crypto ETFs on its platform, a significant departure from its previously cautious stance towards Bitcoin. Vanguard is the world’s second-largest asset manager, managing over $11 trillion in funds.

USDT issuer Tether has purchased 8,888 BTC worth over $1 billion on September 30. The purchase is the company’s second major acquisition for 2025 after a similar purchase on March 31.

Andre Cronje’s Flying Tulip, a full-stack on-chain exchange, has announced a $200 million fundraise through a private funding round. The platform also plans to open an on-chain public sale of the FT token at the same valuation.

Kraken completed a $500 million funding round at a $15 billion valuation. The raise comes amid reports that the exchange is preparing for an initial public offering (IPO).

Web3

dYdX has partnered with Pocket Pro Bot to create a new Telegram trading bot. The new trading bot is designed to address lone wolves and has also been optimized for social trading.

CryptoDaily sat down with Magnus Ahmad, CEO of Blocksense, to discuss the company’s evolving focus, why verification is the missing piece for the autonomous economy, and what comes next for the company.

Security

SBI Crypto, a subsidiary of Japan’s SBI Group, was hit by a major breach as hackers linked to North Korea drained $21 million from its crypto mining pool. The hack was discovered by on-chain investigator ZachXBT, who flagged suspicious outflows from the mining pool.

Regulation

The United States Securities and Exchange Commission (SEC) is reviewing plans to allow blockchain-based versions of publicly traded stocks on approved cryptocurrency exchanges. Several platforms, including Nasdaq, Robinhood, Coinbase, and Kraken, are seeking regulatory approval or testing tokenized stock products.

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