The Polylog Crypto Intelligence Brief

Morning Edition · Tuesday, September 29, 2026

Crypto

THORChain Declines to Block Bitget Hacker as NEAR Intents Says It Rejected $50 Million in Stolen Flows

The two responses to the same $387.5 million theft show that freezing stolen crypto now depends entirely on which layer of infrastructure the funds pass through.

4 sources
Corroborated

Crypto

Aztec Discloses Critical Proving-System Flaw in Its Alpha V5 Privacy Network

Contributors say an attacker could construct a proof that verifies for a transaction the network should reject, and the fix is deferred to the next release.

2 sources
Corroborated

Crypto

Chainlink Rebuilds Its Bridge Software to Let Banks Run Their Own Transfer Checks

The new version of Chainlink's Cross-Chain Interoperability Protocol (CCIP) lets issuers operate independent verifiers that must approve a transfer before it clears, and a separate deal connects Chainlink to banks using Swift's blockchain ledger.

2 sources
Corroborated

Crypto

Compound Delegates Say the Foundation Used DAO Reserves to Buy the Votes That Approved Its Own Budget

On-chain records show reserve funds converted into 344,780 COMP and delegated to the Foundation's voting address, returned less than an hour before two proposal deadlines.

3 sources
Corroborated

Geopolitics

Senate Democrats Call Tether's USDT a Financial Lifeline for Iran and Ask Treasury to Investigate

Minority staff reviewed 846 sanctioned wallets and found 84 percent transacted in USDT, while Tether points to $550 million it has frozen.

2 sources
Corroborated

Crypto

Goldman Sachs Opens Its $100 Billion Treasury Fund to Crypto Trading Desks Without Tokenizing It

The fund reaches Lynq, a settlement network running on a permissioned Avalanche chain, through tZERO rather than as an on-chain token.

2 sources

Crypto

Restaking Economics Collapse and Ether.fi Cuts Its Last Structural Tie to EigenLayer

The sector secured about $10 billion while generating roughly $100,000 in weekly fees, and EigenLayer's holdings have fallen to $5.10 billion from $22.06 billion.

1 source

Crypto

CFTC Registers Coinbase Clearing, Allowing USDC as Collateral and Round-the-Clock Derivatives Settlement

A stablecoin now sits inside a registered United States clearinghouse, and Coinbase separately agreed with Citigroup to build stablecoin payment rails for institutional clients.

3 sources

Crypto

Miden Ships a Self-Custodial Wallet That Proves Transactions on the User's Device

The chain sees only a 32-byte commitment, and the company is packaging identity, custody and compliance layers around it under the name PriFi.

2 sources

Crypto

Ethereum Researchers Publish a Post-Quantum Design for Stealth Addresses

Two new posts extend the stealth address protocol to resist quantum attack on both recipient anonymity and spending authority.

2 sources

Crypto

Robinhood Chain's Growth Is Drawing Organized Memecoin Scam Operations

A security firm identified a second suspected rug factory behind hundreds of tokens on a network that L2Beat still classifies at its lowest decentralization stage.

1 source
Plausible

Macro

Bitcoin Holds Near $83,000 as Traders Add to Bets on Further Fed Rate Increases

Global equities fell to a one-week low before Wednesday's inflation data while Strategy and Strive bought a combined $232.5 million of bitcoin last week.

4 sources