BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Xie Jiayin, head of Bitget’s Chinese-language region, released a statement noting that theft incidents and handling protocols vary across different security events. Bitget will resume withdrawals as soon as all risks are eliminated, and hopes users will grant the platform sufficient time to complete security checks. Xie added that in Bitget’s 8 years of operation, the platform has never misappropriated user assets; its User Protection Fund, established in 2022, has consistently remained above $300 million to guard against black swan events. The platform is not concerned about users withdrawing funds, but rather, out of prudent consideration for market and security risks, it has opted to temporarily suspend the withdrawal function.

Binance Co-CEO Richard Teng issued a statement saying that after the Bitget security incident, Binance’s security team has been working closely with Bitget since the incident was detected, assisting in sharing security intelligence, tracking related funds, and supporting asset recovery efforts. Teng noted that in such security incidents, the crypto industry will unite to counter attackers, and the relevant assistance work is still ongoing.

Prominent trader Bonk Guy has published a post expressing optimism about the Robinhood Chain ecosystem, arguing that price corrections of assets within the Robinhood Chain ecosystem present buying opportunities, and stating: "Buy now, you will thank me later."

Yuga Labs’ Vice President of Blockchain, Quit (@0xQuit), issued a reminder that users should immediately revoke authorizations for the Ethereum Payment Processor V2 and ApeChain Payment Processor V3 contracts, using tools such as revoke.cash or similar platforms. Quit stated that if users’ assets were transferred without authorization, those held at addresses starting with “0x71cf” remain secure. However, affected users still need to revoke the aforementioned contract authorizations. Earlier reports flagged a suspected NFT security flaw at NFT marketplace Magic Eden, where a white hat hacker transferred 3,832 NFTs from hundreds of wallets, valued at approximately $1.5 million. Yuga Labs’ blockchain VP Quit clarified that the transfer was a white hat operation, with all relevant NFTs stored at addresses starting with “0x71cF”. The assets are safe and will be fully returned once the risk is mitigated.

According to HTX market data, ONDO has broken through $0.57, currently trading at $0.578, with a more than 33% gain in the past 24 hours. In related developments, on September 24, Ondo announced a partnership with BlackRock to launch a tokenized "smart portfolio", allowing holders to access professional portfolio exposure via a single on-chain token.

According to BIT (bit.com) market data, pre-market US stocks in the semiconductor, optical communications, storage, and Neocloud sectors are rallying collectively. Semiconductor stocks are broadly higher: Arm (ARM) rose 3.15%, AMD gained 2.23%, Marvell Technology (MRVL) climbed 1.81%, Intel (INTC) advanced 1.73%, Lam Research (LRCX) rose 1.45%, and Applied Materials (AMAT) added 1.39%. Optical communication concept stocks are all strengthening: Nokia (NOK) rose 2.21%, Credo (CRDO) gained 2.06%, Applied Optoelectronics (AAOI) climbed 1.95%, and Marvell Technology (MRVL) advanced 1.81%. Storage stocks are also rallying: SanDisk (SNDK) rose 2.06%, Western Digital (WDC) gained 1.55%, SK Hynix (SKHY) climbed 1.41%, Seagate Technology (STX) advanced 1.33%, and Micron Technology (MU) added 1.13%. Neocloud concept stocks are all rising: Nebius (NBIS) rose 1.77%, CoreWeave (CRWV) gained 1.59%, TeraWulf (WULF) climbed 1.47%, and Hut 8 (HUT) advanced 1.44%.