Crypto Briefs — Tuesday, September 29, 2026
Belarus Approves First Crypto Banks Under New Legal Framework
Belarus has approved a legal framework for cryptocurrency banks operating within the country, marking the nation's first regulatory approval for such institutions. The framework was signed earlier in the year, though specific details on operational parameters and approved entities remain limited in available reporting.
Ethereum Restaking Yields Collapse; Top Protocol Pivots to Neobank
Ethereum's leading liquid restaking protocol is abandoning its core restaking business amid collapsing yields and mounting smart-contract risks. The shift reflects a broader industry downturn in restaking profitability, with top protocols now operating at minimal margins as the initial restaking boom subsides.
Strategy and Strive Buy 2,700 Bitcoin in Weekly Spending Spree
Two large bitcoin treasury holders, Strategy and Strive, collectively purchased more than 2,700 bitcoin in a single week, spending a combined $232.5 million. The purchases highlight ongoing institutional accumulation activity among major bitcoin holders.
THORChain Under Scrutiny as Bitget Hack Funds Flow Through Swaps
Following a major Bitget exchange breach, approximately 1,497 of 2,377 identified attacker addresses have routed stolen funds through THORChain swaps, according to Bitget's live tracker. The incident has drawn scrutiny to THORChain's role in facilitating movement of illicit proceeds, raising questions about cross-chain swap protocols' exposure to hacked funds.
OKX US to liquidate bot positions after Sept 30 deadline
OKX US will automatically sell Grid and Smart Portfolio bot holdings tied to deprecated USD trading pairs if users do not migrate positions by September 30. The exchange is enforcing the deadline to transition affected automated trading strategies to new pair configurations.
Bitcoin Falls as Trump Iran Move Lifts Oil and Yields
Bitcoin extended recent losses as Trump rejected Iran's ceasefire proposal, sending crude oil above $100 per barrel and bond yields higher. The moves preceded the scheduled release of Wednesday's Personal Consumption Expenditures report, a key inflation indicator for markets.
Breez SDK Adds Stablecoin Feature to Simplify Dollar Onramps
Bitcoin software provider Breez has launched a new stablecoin feature within its SDK to streamline the user experience for converting dollars into Bitcoin. The feature addresses friction points in stablecoin adoption by reducing wallet complexity across different crypto networks, targeting both newcomers and experienced users.
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