According to tx, the bridge’s software registered transactions as deposits even though they never delivered XRP to the bridge. That gave the attacker bridged XRP on the tx chain without the real XRP that was supposed to back it. Those unbacked tokens then went back through the bridge, and the attacker withdrew real XRP from the reserve.

The drain began at 19:16 UTC. Each payout was authorized by 17 of the bridge’s 28 relayers, a majority signing off exactly as designed, because the bridge’s own records told them the deposits were real.

Relayers are programs that watch both blockchains and approve transfers when the bridge’s records say a withdrawal is owed.

The specific failure sat one layer down, however, as the relayer code processed payments carrying the bridge’s memo without first verifying the destination address.

tx confirmed the deposit-detection flaw in an update, saying the attacker exploited software that incorrectly recognized transactions that delivered no XRP to the reserve.

The project added it has identified and fixed the vulnerable code, engaged blockchain forensics specialists and filed a complaint with the FBI’s Internet Crime Complaint Center. It has not said how affected holders will be made whole.

Meanwhile, the stolen XRP did not stay put. Onchain tracking shows most of it moved onward within hours through several other addresses.

Nasdaq agreed on Aug. 11 to acquire all equity interests in LeveL Markets LLC, adding one of the largest U.S. alternative trading systems to a broader strategy built around longer trading hours, tokenized securities and digital market infrastructure. 

Financial terms were not disclosed in the company’s release.

The deal comes after two major U.S. regulatory approvals for Nasdaq this year. The SEC approved its tokenized securities rules in March and its plan for 23 hour weekday trading in April. Nasdaq now plans to launch the longer trading schedule on Dec. 6, while the newly created Digital Liquidity Networks unit will bring LeveL into the same organization as its digital asset and tokenization capabilities.

LeveL gives Nasdaq a larger U.S. off exchange foothold

Nasdaq says LeveL is the third largest U.S. ATS by trading volume. The platform processes hundreds of millions of shares each day, trades more than 7,000 symbols and reaches over 2,500 buy side and sell side clients. More than 300 institutional buy side firms use the venue, which connects through more than 15 order and execution management systems.

Nasdaq first acquired a minority interest in LeveL in 2021. LeveL later merged with Luminex in 2022, while its average daily volume increased 56% in 2025. Nasdaq’s move from minority investor to prospective owner gives the exchange operator a larger position in U.S. trading that takes place away from traditional exchange order books.

The structure will not disappear after the purchase. Nasdaq said LeveL will keep its own management team, participant confidentiality and structural separation while remaining a registered ATS under FINRA oversight. Until the transaction closes, both businesses will continue operating independently.

Nasdaq already has SEC approval for 23 hour trading

The U.S. angle extends beyond the acquisition. The SEC granted accelerated approval to Nasdaq’s 23 hour, five day trading proposal on April 10. Under the approved structure, the day session runs from 4 a.m. until 8 p.m. ET, followed by a night session from 9 p.m. until 4 a.m. ET. The intervening hour allows maintenance and corporate action processing.

Nasdaq has set Dec. 6, 2026, as its planned launch date for the expanded hours. The change is intended to give investors in other time zones greater access to U.S. equities and puts a major national exchange into trading periods where ATS operators already compete for orders.

Washington is still examining how far the transition should go. The SEC will hold a Sept. 17 roundtable covering overnight trading, market operations, resiliency and investor safeguards. Chair Paul Atkins said the U.S. is moving toward a market that trades through more of the day and night. As crypto.news reported in its 24 hour trading coverage, regulators are now examining the infrastructure needed to support that shift.

Tokenized securities are moving closer to production

Nasdaq’s digital market strategy is also moving from regulatory approval toward implementation. On March 18, the SEC approved rules allowing eligible securities to trade in tokenized form on Nasdaq. Tokenized and traditional versions can use the same order book and execution priority when they share the same CUSIP, trading symbol and shareholder rights.

The approved framework relies on DTC infrastructure rather than creating a separate pool of synthetic equity exposure. Eligible assets under the pilot include Russell 1000 securities and ETFs tracking major indexes. Trades handled through DTC will continue to settle on a T+1 basis, according to Nasdaq’s regulatory filing.

That infrastructure is approaching another milestone. DTCC processed live production transactions involving DTC tokenized assets on July 15 with more than 30 firms and is targeting October for the Tokenization Service launch. In related DTCC tokenization coverage, crypto.news reported that participants will be able to move eligible securities between traditional records and approved blockchain wallets.

Nasdaq is separately working with Payward, Kraken’s parent company, on an xStocks powered gateway designed to connect regulated equity markets with blockchain networks in eligible jurisdictions. As previously reported in Nasdaq and xStocks partnership coverage, the companies are developing infrastructure linking permissioned markets with blockchain based financial applications.

What happens next for Nasdaq and LeveL Markets

The LeveL acquisition remains subject to customary closing conditions and required regulatory approvals. Nasdaq has not disclosed the purchase price or a target closing date. After completion, LeveL is expected to sit inside Digital Liquidity Networks, led by Roland Chai, who has overseen Nasdaq’s digital assets strategy since early 2026.

Chai said the unit intends to build “programmable, always-on market infrastructure of the future.” That is Nasdaq’s stated objective rather than an existing market structure. The company said DLN will combine liquidity platforms, tokenization capabilities and technology products serving digital asset markets.

Several concrete dates will test that strategy. The SEC’s roundtable is scheduled for Sept. 17. DTCC plans to launch its tokenization service in October. Nasdaq plans to begin 23 hour weekday trading on Dec. 6, while its separate equity token design and related distributed ledger services are expected to begin operating in the first half of 2027.

Those initiatives are separate from the LeveL acquisition and are not disclosed closing conditions for the deal. Together, however, they show Nasdaq directing investment toward off exchange liquidity, longer U.S. trading hours and blockchain based settlement as the structure of American equity markets changes.

MoneyGram expanded its blockchain payments strategy on Aug. 11 by launching MoneyGram Ramps on Solana, giving wallets, exchanges and developers access to its cash network through one API. 

The company’s release says the integration supports cash deposits in more than 25 countries and cash withdrawals in more than 170 countries and territories.

Rift is the first Solana wallet to integrate the service. The launch builds on MoneyGram’s June entry into Solana as a validator and participant in the Solana Developer Platform, extending the relationship from network infrastructure into customer facing payment access.

MoneyGram Ramps gives Solana cash access in 170+ markets

MoneyGram says developers can obtain API credentials, use a sandbox and integrate software development kits without building separate banking connections. Solana has embedded Ramps in the payments module of its Developer Platform, allowing apps to connect onchain activity with MoneyGram’s physical cash network.

MoneyGram says its wider network serves more than 60 million active customers and includes nearly half a million retail locations. Solana’s announcement lists international payouts, stablecoin payroll and aid distribution as possible applications. Those are proposed use cases, not announced customer deployments.

MoneyGram’s corporate site says its broader network spans more than 200 countries and territories, with more than 480,000 retail locations and over five billion digital endpoints. Ramps does not mirror that full footprint: the product currently advertises crypto to cash access in more than 170 countries, while cash deposits are available in more than 25.

The current MoneyGram Ramps page describes customer flows using USDC. Users can add cash to a crypto wallet at participating locations or convert USDC into cash. The Solana announcement does not say MoneyGram’s MGUSD stablecoin is moving networks. MGUSD launched on Stellar in June, initially in the U.S., as crypto.news reported in its June stablecoin coverage.

U.S. access comes with state limits

The launch also carries a direct U.S. payments angle. MoneyGram Payment Systems is registered as a money services business with FinCEN and says it is authorized to do business in all 50 states, Washington, D.C., and U.S. territories. However, its current Ramps page says the product is unavailable in Alaska, Louisiana, Hawaii and New York.

Solana developers can therefore connect to a U.S. regulated payments operator, but customer availability still depends on location and product rules. MoneyGram says it handles identity checks, compliance and real time stablecoin settlement within Ramps. Its existing licensing does not make every Ramps function available everywhere.

The product page says MoneyGram handles stablecoin settlement, fiat payout and compliance checks behind the integration. That setup lets a wallet or exchange add cash access without separately assembling MoneyGram’s underlying payment and compliance connections.

The integration follows MoneyGram’s June 22 move to become an active Solana validator and join the Solana Developer Platform, as crypto.news reported in its earlier validator coverage. MoneyGram said it stakes SOL, processes transaction blocks and participates directly in network consensus.

What happens next for MoneyGram’s Solana push

MoneyGram is positioning Ramps as a multichain product rather than replacing its Stellar work. Its latest official materials still identify MGUSD as natively issued on Stellar, while Solana now gains access to the company’s cash connectivity. The approach also puts MoneyGram alongside established payment firms expanding blockchain rails, including Western Union’s Solana expansion covered in related reporting.

MoneyGram CEO Anthony Soohoo described the launch as “another step toward building a truly open, global payments network.” The statement sets out the company’s objective, but the immediate measure will be adoption. MoneyGram has not announced another Solana wallet integration beyond Rift or provided a timetable for additional partners.

MoneyGram’s current Ramps page also marks bank, mobile wallet and card withdrawals, along with debit card and bank account funding, as “coming soon.” Those functions would extend Ramps beyond physical cash locations if released. No firm launch date is listed, so the Solana rollout currently centers on the cash access announced this week.

Ethereum price fell 2.6% toward $1,870 on Aug. 11 after another rejection below $1,950 triggered long liquidations, while traders reduced risk ahead of the latest U.S. inflation report.

Ethereum price falls below $1,900

According to data from crypto.news, Ethereum (ETH) price traded near $1,870 during the latest session after sellers rejected another attempt to hold above the $1,900 psychological level. The decline extended from the Aug. 10 high near $1,935 and briefly pushed the token toward an intraday low of approximately $1,867.

ETH had recovered to around $1,886 by the time the accompanying charts were captured, reducing part of the daily loss. However, the rebound left the price below the short-term resistance area that has contained every advance since late July.

The decline follows several days of compression between roughly $1,850 and $1,950. Ethereum briefly approached the upper end of that range during the previous session, but buyers could not generate enough momentum to secure a daily close above $1,900.

That rejection reversed the setup observed one day earlier, when Ethereum had held $1,900 while traders watched liquidity near $1,950. The loss of $1,900 has now returned attention to the lower boundary of the range.

The 4-hour chart shows that ETH remains in a wider recovery from its late-June low near $1,520. Still, its recent sequence of higher lows has not produced a decisive higher high above the July peak near $1,970, leaving the market without a confirmed breakout.

Why Ethereum price is under pressure

The immediate pressure came from Ethereum’s failure to clear the $1,900–$1,950 resistance zone. Repeated rejections in the same area encouraged short-term traders to take profits, while the move below $1,900 exposed leveraged long positions opened in anticipation of a breakout.

The 4-hour Bull Bear Power indicator has fallen to -25.44, showing that sellers have regained short-term control. Negative readings do not guarantee an extended decline, but they show that buying pressure has weakened since ETH approached $1,930.

The 4-hour Supertrend has also flipped bearish, placing dynamic resistance at approximately $1,925. ETH would need to reclaim that level before the indicator supports another move toward $1,950.

Broader risk appetite remains cautious before the July U.S. Consumer Price Index report. The Bureau of Labor Statistics will publish the data on Aug. 12 at 8:30 a.m. Eastern, making it the next major macroeconomic catalyst for U.S. crypto traders.

A hotter-than-expected reading could support a higher-for-longer Federal Reserve policy outlook and pressure speculative assets. Softer inflation, by contrast, could improve liquidity expectations and help ETH challenge its overhead resistance.

Rising energy prices have added uncertainty to that outlook. Higher oil costs can feed into headline inflation and complicate expectations for future U.S. interest-rate decisions, although the direct effect on Ethereum will depend on the CPI result and the market’s response.

ETH liquidation map points to $1,895 and $1,940

The 3-day CoinGlass liquidation heatmap shows a dense concentration of leveraged positions near $1,895, just above Ethereum’s current price. This is the closest major upside liquidity pool and could attract price if ETH’s recovery continues.

A move through $1,895 could liquidate nearby short positions and accelerate a return above $1,900. The resulting forced buying may then expose smaller liquidity bands between approximately $1,915 and $1,930.

The strongest overhead concentration appears near $1,940. That level sits inside the same resistance zone that stopped Ethereum’s recent advances, making it both a technical barrier and a potential short-squeeze target.

Downside liquidity is concentrated around $1,857. A decline into that area could trigger another wave of long liquidations before buyers attempt to defend the broader $1,840–$1,850 support zone.

The heatmap therefore places ETH between two nearby leverage targets. Price compression within this structure raises the chance that a break on either side produces a sharper move as exchanges close positions caught offside.

Ethereum technicals keep $1,850 in focus

Ethereum’s daily chart presents a mixed setup. ETH is trading below its 20-day simple moving average at $1,892.52 and its 100-day average at $1,895.32, creating immediate resistance around $1,890–$1,900.

The token also remains well below the 200-day SMA at $2,040.56. That long-term average would become relevant only if ETH first breaks $1,950 and then establishes support above $2,000.

The 50-day SMA at $1,810 provides the closest major dynamic support below the current range. Its upward slope reflects the recovery from June, but a move toward that average would confirm that the $1,850 floor had failed.

Daily momentum remains neutral rather than deeply bearish. The Relative Strength Index stands at 51.63, slightly below its signal average of 53.51. That reading gives sellers some short-term control without placing Ethereum near oversold conditions.

Analyst Ted Pillows identified $1,850 as a must-hold area if Ethereum is to produce another push above $1,900. His chart places subsequent upside levels near $2,000 and $2,190, while a confirmed loss of the current support could open a decline toward $1,700 and eventually the $1,550 region.