The stolen XRP was converted to ETH, routed through THORChain and ultimately sent to Tornado Cash after the bridge was drained. On August 9, a bridge connecting the XRP Ledger and Coreum (now rebranded as tx) lost close to 200,000 XRP after an attacker tricked its deposit-checking system into treating a wallet-to-wallet transfer as
Harmony said on Aug. 12 that it was working with cryptocurrency exchanges to stop and freeze funds after a suspected security incident on its Layer 1 network. Summary Harmony is working with exchanges to freeze funds while developing patch and evaluating rollback options. Analyst Juiceberg reported roughly four billion ONE were minted without authorization through
Hayes argues the Fed’s existing $60B FIMA limit is too small to support intervention on the scale Japan may require. Arthur Hayes published a new essay this week arguing that the US Treasury and Japan’s Ministry of Finance have settled on a single method to strengthen the yen: running newly printed dollars through the
Brazil’s largest bank by market value has joined a pilot involving more than 50 financial organizations to test the issuance, trading, and settlement of tokenized fixed-income securities and investment funds. Summary More than 50 financial organizations are participating in ANBIMA’s tokenization pilot. Itaú and OpenAssets will test the full lifecycle of tokenized bonds and funds.
Spritehood has sold 42,956 paid NFTs on Robinhood Chain in about 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain. Summary Paid buyers minted 42,956 Spritehood NFTs priced at either $17 or $117. The sale generated about $1.283 million, equal to roughly 684.28 ETH at the mint price. Another 1,488 NFTs were
Coinbase has secured Abu Dhabi regulatory approval to arrange investment deals and provide custody as it prepares an international hub for tokenized securities and onchain capital markets. Summary Coinbase has received Financial Services Permission from Abu Dhabi Global Market’s financial regulator. The authorization covers arranging investment deals and providing custody for tokenized securities. Eligible token
Milanovich’s connection to John Daghita turned hostile after she recorded him and shared the call. He retaliated by posting her name publicly. Prominent blockchain investigator ZachXBT identified Tiffany Milanovich as a US-based threat actor tied to at least $5 million in thefts through hardware wallet and centralized exchange support impersonation scams. He said Milanovich
Chicago Fed President Austan Goolsbee has identified inflation above the Federal Reserve’s 2% target as the main U.S. economic problem while officials debate whether to raise rates from 3.50%–3.75%. Summary Goolsbee called inflation the economy’s biggest problem, while describing the labor market as stable but weak. The Fed held rates at 3.50%–3.75% in July, with
Bitwise’s Solana staking ETF has received approval from a major bank for customers to borrow up to 25% of their shares’ value, adding a lending function to the U.S.-listed crypto fund. Summary A major bank has approved BSOL as loan collateral with a maximum 25% LTV. Borrowers may receive up to $25 for every $100
Aster has activated AOS-2, requiring projects to stake 1 million ASTER for four years before validators can approve a new perpetual market. Summary Applicants must stake 1 million ASTER for four years, with no early withdrawal option. Successful proposals will move to Aster’s risk team before the contract launches on T+1. Projects that fail the