Economy

spot Bitcoin exchange-traded funds recorded approximately $191 million in net inflows on Thursday, extending their positive streak to six consecutive trading sessions.

The Federal Reserve has proposed new capital, redemption and regulatory requirements for stablecoin issuers under its supervision, advancing the implementation of the GENIUS Act.

The Federal Reserve proposed two rules on Thursday defining how payment stablecoin issuers supervised by the central bank must hold reserves, manage risk and qualify to enter the market.

Chen said the full loss falls within Bitget’s User Protection Fund, which holds more than $464 million.

Crypto exchange Bitget said on September 24 that a system breach had exposed $351.6 million of its assets, potentially making it one of the year’s largest cybersecurity incidents.