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ETH $2.7K · KelpDAO sues LayerZero over $292M bridge exploit ‌ ‌ ‌ ‌ ‌
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Coin Mornings
Your daily crypto, before coffee.
Issue #104 · Friday, September 25, 2026
Market mood  Greed · 71/100
Bitcoin and ether posted modest gains as spot ETF inflows continued, though daily flows have moderated from recent peaks.
 
 

☀  The Numbers

Bitcoin (BTC)$84,918  +1.7%
+8.4% this week
Ethereum (ETH)$2,726  +2.9%
+8.2% this week
Total crypto market$2.88T  -1.2%
BTC dominance 58.9% · BTC 33% below its all-time high

☀  The Movers

Top gainers (24h)

QNT Quant+35.2%
ONDO Ondo+29.1%
SUI Sui+19.4%
ENA Ethena+18.5%

Top losers (24h)

AKE Akedo-12.3%
M MemeCore-2.8%
BGB Bitget Token-1.6%
LEO LEO Token-0.9%

From the top 100 coins by market cap.

☀  The Read

Where the chart sits — description, not prediction

Bitcoin is trading above both its 50-day ($75.3K) and 200-day ($70.9K) averages — the longer-term trend reads as up. Over the past 30 days it has traded between $75.6K and $86.6K; today's price sits in the upper third of that range. RSI(14) is 71 — territory traditionally described as overbought.

See all nine coins on the daily markets page →

☀  The Brief

 KelpDAO sues LayerZero over $292M bridge exploit

KelpDAO filed suit against LayerZero and co-founder Bryan Pellegrino, alleging LayerZero endorsed a single-verifier configuration in writing before the April exploit drained rsETH collateral. (Decrypt)

 Bitcoin ETFs flip to positive inflows after $5.8B outflow

US spot Bitcoin ETFs have reversed a July outflow peak and now show $800 million in year-to-date net inflows, reflecting returning institutional demand. (CoinDesk)

 Researchers propose private Bitcoin transfer standard

A new 'Shielded Bitcoin' specification design hides transaction senders, receivers, and amounts, advancing long-standing privacy research for the largest cryptocurrency. (Decrypt)

 Ethena expands USDe backing strategy to equity markets

Ethena integrated Binance bStocks and equity perpetuals into its basis trading strategy for USDe stablecoin backing, diversifying beyond traditional crypto assets. (The Block)

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Crypto 101

What is a layer 2?

A network built on top of a blockchain to process transactions faster and cheaper, settling back to the main chain for security. Most Ethereum activity now happens on them.

Hit reply: What made you curious about crypto in the first place?
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Coin Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Crypto is volatile — never invest more than you can afford to lose. Some links are affiliate links; we may earn a commission at no cost to you. Prices via CoinGecko, sentiment via alternative​.me, captured shortly before send.

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