Cronos halts blockchain after $75M lending exploit hits Tectonic protocol
An attacker manipulated Tectonic's illiquid TONIC token price 100-fold to borrow assets, with Cronos validators pausing the network to contain the exploit.
Coindesk · +11 outlets
Michael Saylor hints Strategy will resume Bitcoin buying after 10-week pause
Strategy's $2.8B paper profit and Saylor's 'We're Back' social post fueled speculation that the firm may restart BTC acquisitions after a 10-week hiatus.
Coindesk · +14 outlets
Metaplanet moves $237M in Bitcoin to Coinbase Prime, sparking sale speculation
The Japanese firm transferred 3,000 BTC worth $237M to Coinbase Prime custody, with CEO Simon Gerovich insisting Bitcoin is not an asset to sell.
Coin Edition · +8 outlets
U.S. strikes on Iran fail to stir bitcoin; BTC on track for best month since November 2024
Bitcoin held near $78K with a 24% monthly gain despite geopolitical escalation that sent oil higher and stocks lower.
Coindesk · +4 outlets
XRP-backed treasury nears Nasdaq debut as XRPL shows quorum vulnerability
A Ripple-backed XRP treasury approaches a Nasdaq listing while new research shows XRPL consensus can freeze with just 12% of central nodes removed.
Cryptoslate · +1 outlets
Luke Dashjr exits Ocean mining pool after split over Bitcoin mining's future
The veteran Bitcoin developer and the pool he co-founded parted ways mutually, citing differing views on protocol development and mining direction.
Coindesk · +6 outlets
Sberbank forecasts $46B in first-year crypto exchange trading under Russia's new rules
Russia's largest bank projects massive trading volumes as the country's crypto regulations take effect Sept. 1.
Theblock · +5 outlets
Chainalysis sues ICE over alleged steering of $95M blockchain contract to TRM Labs
The lawsuit asks a federal court to block the contract and require a full and open competition for the blockchain analysis deal.
Theblock · +1 outlets
Treasury proposed GENIUS change forces US exchanges to audit foreign stablecoins
New rules would require US platforms to conduct due diligence on foreign stablecoin issuers or face delisting, with comments open through Oct. 19.
Cryptoslate · +3 outlets
Ethereum 36-day staking bottleneck costs depositors over $350K in lost rewards daily
A 35.75-day backlog is caused by a 256 ETH-per-epoch activation gate, creating an annualized opportunity cost for new stakers.
Cryptoslate
SpaceX holds more Bitcoin than Tesla, IPO filing shows
Elon Musk's company disclosed significant Bitcoin holdings in its IPO filing, exceeding Tesla's known BTC position.
Stocktwits · +14 outlets
Russia's digital ruble rollout and US jobs report in focus for crypto week ahead
Key macro and regulatory events are set to test crypto markets in the week starting Aug. 31.
Coindesk · +4 outlets
September Fed rate hike fears appear overblown at 58% probability
Despite hawkish commentary, rate hike odds remain below 60%, easing concerns of imminent tightening.
Coindesk · +2 outlets
White House aide fined $107K for trading on secret speech text via Kalshi
The CFTC levied a $65K penalty and three-year ban, marking its second insider trading case against a federal employee in prediction markets.
Cryptoslate · +2 outlets
Ireland bars crypto from state savings scheme targeting $203B in deposits
Ireland's sovereign savings program will exclude crypto assets, blocking Bitcoin from one of Europe's largest deposit pools.
Decrypt
Strive's Bitcoin treasury stock outperforms Strategy with 95% August gain
Smaller Bitcoin treasury companies showed higher sensitivity to BTC's rally, with Strive gaining 95% versus Strategy's 36% in August.
finance.yahoo · +5 outlets
Strategy falls below Bitcoin net asset value as market premium collapses
MSTR traded at a discount to its BTC holdings and faces a potential removal from MSCI Global Equity Indexes.
foreignpolicyjournal.com
BitGo buys NYDIG's institutional trading desk for $42.5M, pivots to power
NYDIG exits institutional Bitcoin trading to focus on a 3+ GW power-and-compute infrastructure footprint.
Cryptoslate