Author: John Smith

RedStone has said Tectonic’s estimated $75 million exploit resulted from weak collateral controls rather than an inaccurate oracle after TONIC’s reported price rose about 100-fold in 20 minutes. Summary An onchain researcher estimated that the Tectonic exploit affected about $75 million. TONIC’s reported price increased roughly 100 times before the token was supplied as collateral. RedStone said borrow caps tied to executable liquidity could have limited the losses. Cronos has restarted after restoring its chain state to a point before the attack. RedStone co-founder Marcin Kazmierczak told crypto.news that the oracle accurately reported TONIC’s price in the pool it monitored,…

Predict.fun has launched a self-service developer dashboard that lets builders create applications, generate API keys, monitor usage and manage rate limits from one interface. Summary Developers can create Predict.fun applications and generate API keys without opening a manual support request. The dashboard displays API usage and lets developers request higher usage-based rate-limit tiers. Existing API keys can be imported into the portal for centralized management. New applications receive trade burst limits for order creation and cancellation by default. Predict.fun developer dashboard centralizes API access Predict.fun said in a post on X that the new portal gives developers direct control over…

ETF inflows have broken the historical record of $1.66 billion, while XRP prices continue to decline amid market volatility. UE Crypto has launched a new cloud mining smart contract, and its return mechanism has attracted significant attention from XRP holders. Summary On August 31, XRP prices fluctuated between $1.37 and $1.39, declining by 2% over 24 hours. The Senate is scheduled to hold a cloture vote on the CLARITY Act at 2:15 p.m. on September 15. UE Crypto promotes its cloud mining contracts as an alternative for XRP holders seeking returns beyond price appreciation, with daily returns varying depending on…

Bitcoin price traded just below $78,000 on Sept. 1 after retreating from the $81,000 area, as fading trend strength, Federal Reserve rate concerns and nearby liquidation clusters kept the cryptocurrency inside a narrow range. Summary Bitcoin price fell about 1.9% over seven days after encountering resistance near $81,300. The 4-hour ADX dropped to 12.26, indicating weak directional momentum. Liquidation liquidity is concentrated around $81,000–$82,000 and $75,000–$77,000. A daily close above $82,842 would strengthen the case for another leg higher. Bitcoin price consolidates after 25% August rally According to data from crypto.news, Bitcoin (BTC) price was trading near $77,978 at press…

Strategy has spent $635.2 million repurchasing its STRC perpetual preferred stock as the security continues to trade below its $100 par value despite recovering from a low near $71. Summary Strategy has spent $635.2 million buying back STRC, which remains below its $100 par value at around $97. The latest STRC repurchase totaled $151.8 million at an average price of $97.48 per share. Strategy returned to Bitcoin buying with a $369.7 million purchase of 4,603 BTC, taking its holdings to 845,050 BTC. Strive’s SATA offers a 13% annualized dividend with daily payments, compared with STRC’s 12% rate paid twice monthly.…

The London Stock Exchange has partnered with Kraken parent Payward to bring shares of the 100 largest London-listed companies onto the xStocks tokenization framework, opening the door for the products to eventually trade through the exchange’s planned 24-hour venue. Summary London Stock Exchange and Kraken parent Payward will bring the 100 largest LSE-listed companies to the xStocks framework. The tokenized shares will be available to investors across more than 110 countries, though xStocks remain unavailable to UK investors. LSE plans to support xStocks trading on its LSE 24 venue, subject to regulatory approval. Payward and LSE will explore shares issued…

Protocol 26 tightened the smart contract layer, Protocol 27 is bringing automated market making to testnet, and a decentralized exchange is planned for September; the token has not moved above nine cents. Summary Pi Network completed its Protocol 26 mainnet upgrade by August 11, 2026, hardening contract security, state management, and cryptographic capabilities across 421,000 active nodes, and the Pi Core Team called it a major step before the “final planned upgrade,” Protocol 27. Protocol 27, currently on testnet, adds smart contract authentication, RPC server infrastructure, and an automated market maker (AMM) liquidity pool, with the Pi Core Team targeting…

Intercontinental Exchange agreed on Aug. 31 to invest in tZERO and license its blockchain patents as the companies develop infrastructure for an upcoming NYSE-affiliated tokenized securities platform. Summary ICE and tZERO signed agreements covering platform design, financing, patent licensing and potential collateral applications. tZERO will help develop transfer-agent and broker-dealer infrastructure supporting on-chain settlement for tokenized securities markets. ICE will invest in tZERO’s financing round, although both companies withheld the investment’s value publicly. NYSE’s planned platform still requires regulatory approvals before offering round-the-clock trading and immediate blockchain settlement. tZERO says its licensed portfolio contains 103 patents across 23 families covering…

Hyperliquid Labs and Kraken parent Payward have entered advanced talks to offer selected Hyperliquid-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial. Summary Payward has presented the CFTC with an outline of the proposed arrangement. Bitnomial would list selected contracts rather than provide access to Hyperliquid’s decentralized platform. The parties still need regulatory clearance before making the products available. HYPE traded near $84 after gaining more than 60% since the start of August. Hyperliquid could reach U.S. traders through Bitnomial Bloomberg reported on Aug. 31 that Hyperliquid Labs and Payward are discussing a structure that would place selected crypto…

Wallets linked to North Korea’s Lazarus Group have sold more than $30 million in Bitcoin through Hyperliquid over three weeks as U.S. officials and Payward explore regulated access to the platform. Summary Lazarus-linked wallets sold more than $30 million in Bitcoin through Hyperliquid, Arkham data showed. The wallets used the proceeds to buy Ethereum and Solana before transferring the assets to exchanges. Payward is reportedly discussing a structure that could offer selected Hyperliquid perpetuals to U.S. traders. Hyperliquid has processed $5.19 trillion in cumulative perpetual trading volume, according to DefiLlama. Lazarus-linked wallets convert Bitcoin into ETH and SOL Arkham blockchain…