🚩 Magic Eden NFT Drain

Magic Eden users who listed NFTs on Ethereum should revoke their approvals. On September 25, CirrusNFT spotted one wallet taking 3,832 NFTs from hundreds of wallets through Magic Eden sales at 0 ETH.

Yuga Labs CEO Michael Figge said the vulnerability was found hours earlier. 0xQuit is securing the assets in a white-hat operation. NFTs at 0x71cF...fe33 are reportedly safe and will be returned once the risk is removed.

The suspected cause is old approvals for a contract of the former Ethereum marketplace, closed in spring 2026. The haul was estimated at $1.4 million, but that figure is unconfirmed.

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Finally, something that isn’t AI.

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🧠 Gates Warns on AI Regulation

Bill Gates said, “No one thinks self-regulation is enough.” Asked if Washington needs legislation, he replied: “Absolutely yes.”

“Law enforcement and politicians need to join the discussion” on safeguards and monitoring, he said. This would add minimal administrative burden without slowing progress.

Warning that the risk exists now, Gates said: “AI is powerful enough to trigger events with a billion deaths. There has never been a weapon as powerful as people with malicious intent combined with the latest AI tools.”

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This is how locked in you need to be during this bull market.

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Best one yet

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Imagine getting drained because of a Police Stop and Search.

That exposed your seed phrase to the whole world

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⚡️ JUST IN: California Governor Gavin Newsom signs law banning public officials from issuing meme coins.

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Crypto has been crushing every other asset since June.

➡️ Ethereum: +74%

➡️ Bitcoin: +42.6%

➡️ Oil: +33.8%

➡️ Silver: +10.4%

➡️ Gold: +5.9%

➡️ Nasdaq: +5.4%

➡️ S&P 500: +5.3%

➡️ Small Caps: -5.7%

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⚡️ JUST IN: Strategy bought 1,666 BTC last week, filing says.

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Wizz, a Twitter influencer, exposed wallets that mass-launched 53 coins on Robinhood’s network over the last two months, generating $18M in profit.

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A crypto drainer was spotted in Warsaw, offering 100 USDC for a QR-code scan.

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⚡️ JUST IN: Polymarket launches 15-minute Bitcoin up/down markets on its US app, allowing millions of users to trade Bitcoin.

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What do you think is the current state of the market cycle?

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😞 Ether.fi Exits EigenLayer Restaking

Ether.fi (ETHFI) ends ties with EigenLayer (EIGEN) this quarter. Under 1% of its assets remain in restaking. Restaking left weETH in August, so users seeking its yield must use weETHs on Symbiotic.

CEO Mike Silagadze cited risk-return. On September 8, restaking’s $10 billion TVL generated ~$100,000 in weekly fees, versus $27.35 million from liquid staking’s $51.87 billion, or 53 times more per dollar. Ended point programs and EigenLayer’s slashing, introduced in April 2025, also hurt.

Now EigenCloud, the protocol shifted to verifiable computing. Assets fell from $22 billion in August 2025 to $5.1 billion now. Ether.fi is focusing on neobanking, an Optimism lending product and tokenized assets.

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💲 Tether Freezes $550M in USDT

In 2026, Tether supported freezing about $550 million in USDT linked by US authorities to Iran’s Central Bank and sanctions-evasion networks.

At OFAC and US law enforcement’s request, more than $344 million was blocked across two addresses in April. The next day, US Treasury designated them as Iran’s Central Bank digital-currency identifiers. In July, more than $130 million was frozen across four wallets after the designation expanded to TRON addresses.

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$ETH has been in an accumulation zone for 5+ years, with $12,000-$15,000 realistic by 2029 after a breakout.

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