U.S. Secretary of Defense Peter Hegseth holds more cash than he does bitcoin. 

That’s according to his newly released 2025 annual financial disclosure, which shows he has  between $16,000 and $65,000 in the leading cryptocurrency while a bank account holds $1 million in cash. 

Hegseth, who was appointed Defense Secretary in January 2025, is part of the most crypto-friendly administration the U.S. has had. 

President Donald Trump was backed by digital asset industry bigwigs and last month pushed for landmark crypto legislation, the Clarity Act, to pass. 

Hegseth’s Office of Government Ethics filing also showed that he and his wife have retirement accounts containing investments…

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Bitcoin is rallying despite a Fed rate hike and the failure of the Clarity Act, and the on-chain data suggests sellers may be nearly exhausted. Mitchell Askew, Head of Blockware Intelligence, breaks down long-term holder supply, which hit an all-time high of 15 million BTC this summer. He explains why so many coins sitting still signals more room for price to run. He also shares what Bitcoin ETF flows reveal about institutional buyers returning to the market.

Chapters:0:00 Mitchell Askew of Blockware Intelligence on Bitcoin’s Rally0:22 Is Bitcoin Selling Pressure Exhausted? Long-Term Holder Supply1:36 Bitcoin ETF Flows & Returning Institutional Buyers2:36 Why the Four-Year…

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An estimated $351.6 million in crypto has been moved from digital asset exchange Bitget’s hot wallets in a suspected hack. 

The platform’s CEO said in a Thursday statement that Bitget’s security team activated an emergency response when the movements were detected. Blockchain security firms had flagged the issue earlier in the day.  

“At 18:31 UTC on September 24, 2026, Bitget’s security systems detected unauthorized transfers from some of our hot wallets,” Bitget CEO Gracy Chen wrote on X. “Our security team activated emergency response protocols immediately.”

She added: “Bitget has navigated multiple market cycles. We will not run from this. Every dollar and…

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New York Attorney General Letitia James and Governor Kathy Hochul on Thursday filed a lawsuit against crypto-based prediction market Polymarket, accusing the platform of running an unlicensed gambling operation in the state.

An investigation by the Attorney General’s office concluded that these markets meet New York’s legal definition of gambling because users stake money on uncertain outcomes they cannot control. 

Polymarket never obtained a license from the New York State Gaming Commission, the suit alleges, and so avoided the taxes that licensed casinos and mobile sportsbooks pay. That revenue helps fund public schools, youth sports programs and problem gambling…

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Outgoing Securities and Exchange Commission Commissioner Hester Peirce has said that regulators should rethink how they monitor the financial system, and to press for less personal data collection, not more. 

In a speech Wednesday focusing on digital identity systems and decentralized networks, Peirce took aim at know-your-customer and anti-money-laundering rules.

U.S. regulators are now racing ahead with crypto rulemaking. Peirce, who earned the nickname “crypto mom” for her friendly approach to watchdogging the space, is set to leave the SEC in November. 

“Today society is at a crossroads,” Peirce said at the SIFMA’s Digital Assets Conference in New York. 

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Is a $1 million Bitcoin price target thinking too small? Jeff Booth thinks so, and he explains why valuing Bitcoin in dollars means pricing it from a game that’s rigged by debasement. He argues that Bitcoin isn’t just a coin or an asset, but the beginning of a decentralized, secure, and private protocol stack that will look a lot like the internet. In his view, Bitcoin is evidence of the first free market that has ever existed.

Chapters:0:00 Jeff Booth, The Price of Tomorrow & Technological Deflation0:30 AI Valuations & Why Free Markets Push AI Prices Toward Zero1:29 AI Deflation vs the Debt-Based Monetary System2:38 $40 Trillion US Debt, Bond Yields & the $350 Trillion…

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Bitcoin’s volatility is falling, and Saifedean Ammous calls that the most bullish development in Bitcoin right now. Bear-market drawdowns have shrunk from roughly 87% to 77% to about 54% this cycle, which moves Bitcoin closer to an investable asset for money managers. Saifedean explains why the halving still drives the four-year Bitcoin cycle and why fewer people are buying with leverage at the top. He also discusses how markets may eventually arbitrage these cycles away.

Chapters:0:00 Tether, Bitcoin & the Dollar Milkshake Theory1:45 How the US Carries $40 Trillion in Debt as the World’s Reserve Currency4:21 Treasury Yields Hit Multi-Decade Highs & the Bond Market Bear…

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A scammer who went by the online name “lolimfeelingevil” will face 12 years in prison after pleading guilty for playing his part in stealing $16 million in crypto from Coinbase users. 

Ronald Spektor, 23, from Brooklyn, New York, posed as a representative from America’s biggest crypto exchange and told victims their accounts were under threat from hackers, according to the Brooklyn District Attorney’s Office. 

He then socially engineered them to move their cryptocurrency into what they believed was a secure new wallet. Social engineering is when scammers manipulate victims into sending funds or handing over valuable information. 

Spektor controlled that wallet,…

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When crypto prices were cut in half between October 2025 and April 2026, the world’s largest institutional investors didn’t sell. 

In fact, several bought the dip.

That’s the central finding of a new report from Bitwise Asset Management, which interviewed senior allocators at 15 major institutions, including endowments, pension funds, sovereign wealth funds, family offices and public companies. 

Not one reduced its crypto allocation during the sell-off. And when asked what would make them exit their position, none said a downturn in price. 

Every institution in the study that owns crypto owns bitcoin. For nearly all of them, it was their first crypto purchase,…

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Bitcoin bulls are waiting ahead of a huge batch of Bitcoin options headed toward expiry.

Roughly $15 billion in options contracts are set to expire on Friday in the market’s quarterly settlement.

The September 25 contracts account for more than a third of all bitcoin options open interest on crypto derivatives platform Deribit.

A call option gives the trader the right, but not the obligation, to buy the underlying asset at a set price on a future date. A put option gives the right to sell.

And traders appear to be leaning bullish heading into Friday.

The put-to-call ratio, a closely watched gauge comparing bets to sell against bets to buy, sits at 0.70. That means…

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