A weekly research report on one major crypto transaction story: the background, the data behind it, its impact on the ecosystem, and what comes next.
A research report on the Bitget breach of September 24, 2026: a compromised vendor tool fed forged instructions to the exchange's signing machines, moving $228M in an 18-minute burst across seven chains - later accounted at $387.5M - and the gap between that number and the realized loss is where the analysis lives.
A research report on the Symbiosis Bitcoin Bridge exploit disclosed September 15, 2026: two bugs turned a $0.25 deposit into 46 billion fake syBTC within four minutes, yet the real loss was an estimated 9.97 BTC - and the gap between those numbers is the lesson.
Deep-dive research on the September 6 Liquid peg-out: about 3,996 BTC left the federation on eleven valid signatures, the flaw sat in an Elements range-proof cache that had been fixed five days earlier and deployed nowhere, and 598.5 BTC never came back.
Deep-dive research on TRON's USDT float lead over Ethereum widening to a record of roughly $18B ($91.8B vs $73.7B): how the gap opened, what the TRON energy market has to do with it, and what could reverse it.
Deep-dive research on stablecoin supply crossing $302B after 20 straight weeks of growth: what the streak reveals about the settlement market, what sustains it, and what could break it.
Deep-dive research on Base extending its USDC transfer count lead over Ethereum mainnet for a second week - background, on-chain data, why the lead is sticky, and the outlook.
Deep-dive research on the week's hot story: Base processed more USDC transfers than Ethereum mainnet for the first time. Background, data, impact and outlook for crypto transactions.