Crypto World
The Sandbox Pledges 1:1 SAND Repayment After Bridge Exploit
The Sandbox will repay eligible holders of bridged SAND on Base and BNB Chain 1:1 in Ethereum-based SAND after an Aug. 22 exploit drained 14,742,341.84 SAND from its Ethereum vault, the project said in an Aug. 27 post-mortem. The plan covers legitimately bridged balances recorded in a pre-incident… Read the full story at The Defiant
Bitcoin fell through $78,000 on Friday afternoon, giving up almost all of a weekly gain that had reached double digits, as investors read Federal Reserve Chair Kevin Warsh's first Jackson Hole address as a signal that the Fed is readier to raise rates than to cut them. The selling ran across risk… Read the full story at The Defiant
Stablecoin issuer Circle has launched native USDC and EURC on Plasma alongside Cross-Chain Transfer Protocol, or CCTP, and Bridge Kit, giving the stablecoin-focused Layer 1 first-party access to Circle-issued dollar and euro tokens and its crosschain transfer stack. Circle published mainnet… Read the full story at The Defiant
Tokenized real-world assets on Stellar passed $3 billion in July while the network's DeFi markets held a fraction of that, according to a report published Wednesday by oracle provider RedStone. Issuance on Stellar is running ahead of the lending markets and collateral pools that would make the… Read the full story at The Defiant
Bullish is providing USD.AI with a $100 million stablecoin debt facility to finance loans backed by GPUs and other AI computing infrastructure, the companies announced Friday. The commitment adds a new pool of capital for lending to AI infrastructure operators. The facility is large against… Read the full story at The Defiant
Avici said an attacker took $500,859.22 from the card balances of 1,685 users on Friday, and that every affected user will be refunded in full. The flaw was in a contract belonging to Rain, the card issuer behind Avici's Visa product, rather than in Avici's own code. Rain said its monitoring… Read the full story at The Defiant
The Ninth Circuit ruled Friday that Kalshi's sports event contracts are not swaps under the Commodity Exchange Act, clearing the way for Nevada to enforce its gaming laws against the prediction market. The decision turns on a single question with large commercial stakes: if the contracts are swaps,… Read the full story at The Defiant
The yield-generating asset has a special place in the digital asset investor’s portfolio, argues GlobalStake’s Ryan Haczynski.
Cronos, a Layer 1 blockchain built on the Cosmos SDK and backed by Crypto.com, said on Monday morning that its network is producing blocks again, and that validators restored the chain's state to a point before the exploit that drained the Tectonic lending protocol on Sunday. Rewinding a live chain… Read the full story at The Defiant
CME Group made two multi-asset cryptocurrency benchmarks live Monday, adding both a broad-market gauge and a separate index designed to measure large crypto assets outside bitcoin and ether. The more differentiated of the pair, the CME CF Emerging Crypto Index, excludes bitcoin and ether and tracks… Read the full story at The Defiant
Crypto World
Dow Jones Futures Rise, Oil Prices Fall, Oracle Jumps; CPI Inflation Data To Inform Fed
Dow Jones futures rose modestly early Friday, along with S&P 500 futures and Nasdaq futures, as oil prices fell back below $100 a barrel. Oracle and Adobe headlined earnings overnight with the consumer price index due before the open. The stock market saw a fourth day of losses Thursday, as U.S. crude oil prices surged above $100 and Treasury yields…
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Tech4 days ago
Memory prices are slowing because buyers ran out of money
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