Bybit Partners with XAUE Protocol to Offer 2.83% Fixed APR on XAUT Savings

Bitget CEO confirmed a cyberattack, likely by North Korea, stole $387.5M in digital assets. Stolen assets included XRP, ETH, USDT, and others. Bitget's cold wallets and user funds remain unaffected, with a $464M protection fund and $1B in assets. Withdrawals are temporarily suspended. Mandiant and SlowMist are investigating. Other exchanges offered support.

The UK's Financial Conduct Authority (FCA) is considering exempting tokenized gold from certain fund rules, which could boost its development and usage in London's bullion market. The FCA will propose this idea on Monday, aiming to clarify regulatory uncertainty and potentially unlock more gold for collateral use. Leading gold tokens, Tether Gold (XAUT) and Pax Gold (PAXG), have seen increased activity, with $2.63 billion and $1.87 billion in distributed asset value, respectively.

Tether Gold deposits in DeFi reached $102.9M, with Aave accounting for 74.2% of the total. The growth highlights increasing interest in digital assets and secure DeFi platforms. Tether and Aave are key players in this trend, which may impact market liquidity and investor sentiment.

According to the article, Tether will wind down Alloy, its gold-backed lending platform, on Sept. 17. It says five customers still owe 399,088.74 aUSDT against 194.41 XAUT collateral, with 37 days remaining. The piece notes Alloy launched June 17, 2024, and that XAUT is not closing, with 194 locked ounces about 0.03% of supply.

Hyperliquid (HYPE) rose 3% while the broader crypto market fell 6% after Binance's $6.3B hack. HYPE's surge coincided with Intercontinental Exchange (ICE) announcing a partnership to bring Hyperliquid-based perpetual futures to the U.S. market. HYPE trades at $91.72, up 19% over the past week, and is the 10th-largest cryptocurrency by market value. The Bitwise Hyperliquid ETF (BHYP) saw $3.7M inflows on October 29.

Binance confirmed a $6.3B hack, the largest in crypto history, causing Bitcoin (BTC) to drop to a six-week low of $76,400. The Fed held interest rates steady, but the hack drove BTC down 5.1% to $77,380. Other cryptocurrencies like ETH and SOL also fell. Ripple received final approval for a national trust bank, and other crypto news included warnings from Trezor and Polymarket.