The Ether: Friday, September 25, 2026
Blocks: 26,050,749 - 26,057,904
Slots: 15,289,199 - 15,296,398
Posted to Farcaster and X.
The day in review
The day in review
Protocol- Ethereum clients moved Glamsterdam and Hegotá testnets forward while researchers pushed formal verification tools.
Apps- DeFi platforms added tokenized stock collateral and AI safeguards, while an NFT marketplace exploit exposed millions in tokens.
World- Bitget suffered a $387.5M breach, Kelp DAO sued LayerZero over its $292M rsETH exploit, and Payy's bridge lost $1.92M.
- The SEC's new staff guidance confirmed liquid staking receipts aren't securities, clarifying rules for Ethereum infrastructure.
A sophisticated theft targeting crypto exchange Bitget's hot wallet exposed criminal actors and prompted stablecoin issuers to freeze accounts, illustrating both the scale of exchange risk and the limits of on-chain asset controls.
More: CoinDesk · The Defiant · Decrypt
The SEC's new guidance confirms staking receipts fall outside securities rules and restates positions on development funding, clarifying regulatory treatment for core Ethereum infrastructure.
More: The Block
Kelp's developers claim LayerZero approved the single-verifier setup that enabled the April attack, then shifted blame to Kelp rather than accept responsibility.
Optimism upgrades its fault proof system from single-chain output roots to a timestamp-based dispute game format enabling cross-chain proofs for Interop.
A bridge handling Ethereum deposits lost nearly all user funds in coordinated transfers, marking another significant loss in cross-chain infrastructure.
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Stories that gathered new coverage this day but broke earlier, so they live on their own day's page.