“below less” means less than or without a certain level. In the context of the post, the phrase “invalid below $53.90” means that the idea for the analysis is considered invalid if the price closes or falls to less than $53.90.
Circle and Tether Freeze Hacker Wallet After Bitget's $352 Million Heist
Circle and Tether have frozen stablecoins in a wallet linked to Thursday's $351.6 million Bitget hack, though the amount is a small fraction of the total, according to CoinDesk. On-chain data shows Circle blacklisted the address — labeled "Bitget Exploiter 8" on Etherscan — at 05:00 UTC Friday. The wallet holds about 170.47 ETH, 218,023 USDT and 99,990 USDC, and blockchain security firm MistTrack said Tether has since banned it too. That leaves roughly $318,000 in stablecoins stuck, while MistTrack's tracker shows other exploiter addresses still holding more than 63,000 ETH, which no issuer can freeze.
Bitget CEO Gracy Chen said attackers compromised a backend system in the exchange's wallet infrastructure, spoofed transaction data and triggered its authorization process to move funds out, ruling out a private-key compromise. She said Bitget's user protection fund, which holds over $464 million, covers the loss. Circle's quick action contrasts with its response to April's $285 million Drift hack, when the attacker moved about $232 million in USDC from Solana to Ethereum using Circle's own cross-chain transfer protocol; critics including ZachXBT said Circle could have acted faster to blacklist wallets and freeze funds, and Circle said it freezes assets when legally required.
Bitget to Restore Withdrawals in Stages After Security Incident
Bitget said it will restore withdrawals in stages after a security incident on September 24. According to PANews, BTC withdrawals will reopen at 8:00 UTC on September 28, ETH withdrawals on September 29 across Ethereum, BSC, Arbitrum, Base and Optimism, USDT withdrawals on September 30 across Ethereum, BSC, Solana and Tron, and other tokens, fiat and P2P on October 2. The company said user assets and balances were not affected.
This is the day that could determine Wall Street's mood entirely! If the results are strong → a boost for AI and tech stocks If disappointing → a violent correction, especially in Nasdaq
⚠️ Very high volatility expected
📉 Thursday – Jobless Claims
📌 Weekly Jobless Claims
Any sudden increase = signals of economic slowdown Any strong decrease = support for the idea of continued monetary tightening
📊 Friday – Inflation Test
📈 U.S. Producer Price Index (PPI)
This is an early indicator of inflation 👇 ⬆️ Reading higher than expected = pressure on the market ⬇️ Weaker reading = relief for stocks and crypto
🧠 Summary
🔥 A busy week… 🔥 Inflation + Policy + Corporate Earnings 🔥 Strong volatility especially Wednesday and Friday
🎯 For traders:
Reduce leverage
Monitor capital management
Do not enter minutes before the news
Wait for confirmation of direction after data is released
The market this week could shape the direction of the next quarter entirely 👀