Cronos halts network after Tectonic exploit involving estimated $75M

Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally. Source link

Bitcoin’s New Quantum Defenses, 18.9M SOL Cancelled: Hodler’s Digest

Bitcoin embraces post quantum future Despite considerable skepticism among Bitcoiners about how close the quantum threat to Bitcoin actually is, two stories this week highlighted the progress being made toward upgrading the blockchain and protecting outputs from attack. StarkWare researcher Avihu Levy tested an experimental quantum-resistant transaction on the Bitcoin mainnet that protects it during…

From Hawala to Swift: Inside the 1,000-year battle to move money safely

Finance has spent centuries decoupling wealth from physical transport, but constantly erasing friction creates vectors for increasingly high-tech exploits. Source link

Strategy Bitcoin Buying May Resume After Saylor ‘We’re Back’ Signal

Strategy’s Michael Saylor said “We’re Back” in his latest signal on X (formerly Twitter) of the company’s likely return to Bitcoin buying. For market watchers, the post could be a strong psychological signal as Saylor has a track record of dropping cryptic weekend teasers that precede official Monday morning treasury purchase announcements. Should that record,…

Michael Saylor hints at first bitcoin purchase in two months as bitcoin nears $79,000

Bitcoin rebounds from Friday’s low as Strategy’s valuation expands and bitcoin dominance climbs above 60%. Source link

Sber Plans Bitcoin, Ether and USDT-Backed Loans

Russia’s largest bank, Sber, plans to expand its crypto-backed lending to accept Tether’s USDt stablecoin and Ether as collateral alongside Bitcoin, according to a senior executive. Sber will adapt its existing products and gradually expand its offerings as Russia’s new crypto law takes effect, Deputy Chairman Anatoly Popov said, according to a Friday TASS report….

Bitcoin Needs New Buyer Support As $80,000 Slips With Profit-Taking

Bitcoin (BTC) remains sensitive to sell-side pressure at $80,000, even as investors broadly avoid mass profit-taking. Key points: Bitcoin investors’ unrealized profit and loss crosses above zero for all cohorts, apparently slowing price momentum. Long-term holders see a spike in profitability to 1.48, while short-term holders still account for the majority of in-profit coins moving…

A $1.1 million crypto card hack crashed a neobank's token 49%

The exploit caused the neobank’s AVICI token to drop 49% from a 24-hour high, hitting a record low before paring some of the losses. Source link

Bitcoin Fails To Return To $80,000 As High PCE Inflation Data Bites

Bitcoin (BTC) slipped under $78,000 following Wednesday’s Wall Street open after US inflation data came in above expectations. Key points: Bitcoin sees further downside after US PCE inflation data came in 0.1% higher than expected in July. Markets await Nvidia Q2 earnings release as Wednesday’s next potential volatility catalyst. BTC price analysis warns over 25%…

Polygon Patches DoS Risks in Austin, Kyoto Hard Forks

Polygon has disclosed several previously private security vulnerabilities that could have disrupted its proof-of-stake network, after deploying fixes through two recent hard forks. The vulnerabilities affected Polygon’s Bor and Heimdall clients and included denial-of-service risks, validator resource exhaustion and flaws affecting checkpoint and milestone processing, according to a Thursday disclosure from Polygon Labs’ Validators Support…