- BTC recorded a new ATH ~ $124,457, while ETH is inching towards breaking its ATH.
- Cryptocurrency exchange Coinbase lost $300,000 in a swapper contract.
- Google Play rolled out a new policy for crypto devs requiring them to register their apps under money services to meet compliance.
Lets dive into these crypto stories that you may have missed from yesterday.
Bluechip Crypto Assets Like BTC And ETH Are Making Waves
Bitcoin just reached a new record high of $124,424. The cryptocurrency rose 3.4% intraday from a low of $119,000, surpassing its July 14 peak of $123,300. Over the past week, Bitcoin gained nearly 8%, fueled by easing global trade tariff concerns and persistent high US CPI (core inflation), boosting expectations for a September rate cut.
Analyst ‘Rekt Capital’ highlighted $126,000 as a critical level, noting a decisive break above could propel Bitcoin significantly higher.
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Ethereum also hit a four-year high of $4,750 during Thursday’s Asian session, coming within 2.5% of its 2021 all-time high. The All Time High of ETH was $4,891.70.
Standard Chartered significantly increased its 2025 price target for Ether (ETH) to $7,500, up from its earlier $4,000 prediction. The bank attributes this bullish outlook to growing institutional investment and the rapid rise in stablecoin adoption following recent U.S. regulatory developments.
Coinbase Loses $300,000 To MEV Bot Attack, No Customer Funds Were Lost
Coinbase recently suffered a loss of about $300,000 due to an MEV (Maximum Extractable Value) bot attack. The attack was traced to a misconfiguration in the swapper contract Coinbase used with the decentralized exchange protocol 0x. This contract, designed for executing transactions, was erroneously authorized to receive token approvals from the Coinbase fee account. A token approval means that you are allowing the smart contract to spend your crypto on your behalf.
After this mistaken authorization, an MEV bot exploited the vulnerability by calling the contract and transferring tokens out of Coinbase’s fee account, resulting in a loss of approximately $300,000 in token fees. Importantly, the compromise was limited to the company’s fee account and did not affect customer funds.
Coinbase’s Chief Security Officer Philip Martin confirmed the breach and clarified that the vulnerability was linked to ongoing adjustments to their DEX wallet.
Google Play Sets New Licensing Rules For Custodial Crypto Devs
Starting October 29, 2025, Google Play will enforce new rules requiring cryptocurrency wallet providers in over 15 regions, including the US and EU, to obtain licenses and follow industry standards. The updated policy applies only to custodial wallets and does not impact non-custodial ones.
In the US, providers must register with FinCEN as money services businesses or money transmitters and implement Anti-Money Laundering programs, potentially increasing the use of Know Your Customer checks. In the EU, registration as a crypto-asset service provider (CASP) is required.
Following crypto community feedback on X, Google clarified: “Non-custodial wallets are not subject to Google Play’s Cryptocurrency Exchanges and Software Wallets Policy. We are updating our Help Center to reflect this.
