TAC Drained of $7.5M Through a Cosmos EVM Vulnerability
TAC, an EVM network connected to TON, said it was exploited for about $7.5 million through a vulnerability in the Cosmos EVM module, and validators halted the chain to contain the damage.
TAC has had a rough security year: in May its TON bridge was drained of about $2.8 million in a separate incident later settled as a white-hat case, adding pressure on the young network as it goes dark again.
TAC, an EVM network connected to TON, said it was exploited for about $7.5 million through a vulnerability in the Cosmos EVM module, and validators halted the chain to contain the damage.
According to TAC, the attacker withdrew roughly 3 billion TAC from an escrow account with no increase in total token supply, effectively conjuring balances out of thin air before the network was stopped. The team says it is working with validators on a restart, but the conditions for resuming block production have not been finalized.
The bug is not unique to TAC. The same Cosmos EVM module flaw, tied to incorrect state handling during nested EVM execution, also hit MANTRA Chain days earlier and cost the Saga network around $7 million back in January, making it one of the year's most repeated infrastructure exploits.
TAC has had a rough security year: in May its TON bridge was drained of about $2.8 million in a separate incident later settled as a white-hat case, adding pressure on the young network as it goes dark again.
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Base Launches Coinbase Tokenized Stocks via B20 Standard
Base has launched Coinbase-issued tokenized stocks natively on the network, giving eligible non-US users access to 1:1-backed fractional shares through self-custody wallets.
The shares are reportedly held 1:1 by Alpaca, a regulated broker and custodian operating through a bankruptcy-remote structure supervised by Abu Dhabi Global Market.
More Coinbase tokenized stocks are expected to launch in the coming weeks, with additional RWAs planned for Base.
Base has launched Coinbase-issued tokenized stocks natively on the network, giving eligible non-US users access to 1:1-backed fractional shares through self-custody wallets.
The tokenized stocks use the new B20 standard, extending ERC-20 to make equities transferable and composable across DeFi. Users can trade them 24/7, provide liquidity on Aerodrome, and use assets such as Apple and NVIDIA as collateral in protocols like Aave.
The shares are reportedly held 1:1 by Alpaca, a regulated broker and custodian operating through a bankruptcy-remote structure supervised by Abu Dhabi Global Market.
More Coinbase tokenized stocks are expected to launch in the coming weeks, with additional RWAs planned for Base.
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One Cosmos EVM Bug Has Now Hit Four Chains
Cosmos Labs confirmed an active security incident in its Cosmos EVM module and advised connected chains to have validators halt while its engineers work through a fix.
That makes it one of the year's most repeated infrastructure exploits: a single upstream vulnerability, disclosed and patched months ago, still cascading across every chain that had not yet pulled the update.
Cosmos Labs confirmed an active security incident in its Cosmos EVM module and advised connected chains to have validators halt while its engineers work through a fix.
The weakness sits in the ICS20 precompile: state changes made during nested EVM calls were not carried back into the outer transaction, letting an attacker spend the same balance more than once. It drained the Saga network of about $7 million back in January, and a permanent fix shipped publicly as part of v0.6.0.
Not every chain upgraded in time. This month the same class of bug hit TAC, which lost about $7.5 million and halted its chain, alongside KiiChain and MANTRA, all running the shared Cosmos EVM module. MANTRA said user balances were left intact after it resumed blocks on a patched build.
That makes it one of the year's most repeated infrastructure exploits: a single upstream vulnerability, disclosed and patched months ago, still cascading across every chain that had not yet pulled the update.
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Entropy Launches On-Chain Anthropic Perps
Entropy unveiled the first liquid way to trade Anthropic, listing pre-IPO perps on Hyperliquid after raising $14M led by Ribbit Capital plus a $40M HYPE stake.
You can trade the new markets on Entropy.
Entropy unveiled the first liquid way to trade Anthropic, listing pre-IPO perps on Hyperliquid after raising $14M led by Ribbit Capital plus a $40M HYPE stake.
The markets use liquidity-weighted oracles and custom funding mechanics to keep frontier assets, from pre-IPO companies to compute and global indices, trading 24/7 with deep liquidity in a single venue. Anthropic and SNDK perps are the first live markets, priced with real-time RedStone data.
The team comes from Citadel Securities, Optiver, Polymarket and Millennium, pitching a world where every asset trades around the clock in one place. The launch also reignites price discovery around Anthropic's valuation after an earlier market closure.
You can trade the new markets on Entropy.
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Aethir Launches ACCELERATE, Targeting Over $2B in Compute
Aethir launched ACCELERATE, a program to bring physical GPU compute online in AI data centers across the US and Europe, moving the decentralized network down the stack.
"We've already secured the sites. Now we're filling them. Enterprise AI demand has outrun supply, and the industry's ability to build is the bottleneck," said co-founder Mark Rydon.
Aethir launched ACCELERATE, a program to bring physical GPU compute online in AI data centers across the US and Europe, moving the decentralized network down the stack.
ACCELERATE has secured 10 sites totaling up to 20MW of capacity, projected to generate up to $700M in contracts by the end of 2026 and over $2B once all 10 sites are fully built out. The facilities are engineered for NVIDIA B300 and GB300 clusters and designed to go from site selection to live capacity in months, not years.
Aethir already orchestrates GPU compute across more than 90 countries; ACCELERATE now takes it into owned build-out, working with neocloud partner Axe Compute. For ATH holders, Aethir also teased updated tokenomics with a burn mechanism and a variable platform fee.
"We've already secured the sites. Now we're filling them. Enterprise AI demand has outrun supply, and the industry's ability to build is the bottleneck," said co-founder Mark Rydon.
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Franklin Templeton & HashKey Bring Tokenized Fund to Asia
HashKey Exchange partnered with Franklin Templeton to distribute its flagship tokenized money market fund to digital asset investors across Asia.
Franklin Templeton has been making efforts to expand in Asia. In Nov 2025, it debuted Hong Kong's first tokenized money-market fund, the U.S. Government Money Fund.
HashKey Exchange partnered with Franklin Templeton to distribute its flagship tokenized money market fund to digital asset investors across Asia.
The fund, Franklin OnChain U.S. Government Liquidity Fund (grBENJI), invests in short-term U.S. government securities with shares represented as on-chain tokens, promising faster settlement, more transparency and lower costs than traditional fund structures. It went live on the HashKey Exchange Earn Channel on August 24.
Franklin Templeton has been making efforts to expand in Asia. In Nov 2025, it debuted Hong Kong's first tokenized money-market fund, the U.S. Government Money Fund.
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Bitcoin Climbs to #12 as SpaceX Cracks the Top 10
Green month, top to bottom. Gold, silver and Big Tech all added trillions, but Bitcoin led the majors with +24.8%, back to #12 at $80k. SpaceX cracked the Top 10 at #9. The same board that was bleeding in June is now the cleanest picture of risk-on you'll find.
Green month, top to bottom. Gold, silver and Big Tech all added trillions, but Bitcoin led the majors with +24.8%, back to #12 at $80k. SpaceX cracked the Top 10 at #9. The same board that was bleeding in June is now the cleanest picture of risk-on you'll find.
Grayscale Launches First Zcash ETF as ZEC Surges 45%
Grayscale debuted the first U.S. Zcash ETF, converting its Zcash Trust into a spot fund that trades as ZCSH on NYSE Arca with $313.5M in assets.
Grayscale framed the product as a way for investors to gain regulated exposure to one of the market's leading privacy assets, arguing that the case for financial privacy strengthens as AI expands the monitoring of financial activity.
Grayscale debuted the first U.S. Zcash ETF, converting its Zcash Trust into a spot fund that trades as ZCSH on NYSE Arca with $313.5M in assets.
The ETF carries a 2.5% management fee, with the revenue directed to Zcash ecosystem development. The launch followed Grayscale's fifth amended SEC registration and extends the firm's track record of converting trusts into ETFs, after Bitcoin, Ethereum, XRP, Solana and Litecoin.
Grayscale framed the product as a way for investors to gain regulated exposure to one of the market's leading privacy assets, arguing that the case for financial privacy strengthens as AI expands the monitoring of financial activity.
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Lisk Winds Down DAO and Chain, to Burn 100M LSK
Lisk will discontinue its DAO and shut down Lisk Chain on October 31, 2026, as the project refocuses on a new product now in early access.
Lisk framed the reset as a response to L2s struggling to route revenue back to their token. Staking also becomes more flexible: emergency unlock is enabled without penalty and rewards are only guaranteed until the chain shuts down.
Lisk will discontinue its DAO and shut down Lisk Chain on October 31, 2026, as the project refocuses on a new product now in early access.
The proposal burns the DAO treasury tokens vested for 2027 to 2033, roughly 100M LSK, to sharply cut the total supply, and moves the rest of the treasury to Lisk Ltd to fund the new Lisk. Ecosystem costs will no longer be paid in LSK, which the team says had created heavy sell pressure and driven the token's decline.
Lisk framed the reset as a response to L2s struggling to route revenue back to their token. Staking also becomes more flexible: emergency unlock is enabled without penalty and rewards are only guaranteed until the chain shuts down.
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Morpho PT-reUSD Market Hit by ~$36M Oracle Manipulation Attack
A coordinated oracle manipulation attack on two Morpho PT-reUSD markets triggered ~$36.39M in liquidations, with the attacker reportedly earning ~$1.3M.
12 borrowers with ~$36.1M in positions were liquidated. The attacker reportedly captured 96% of the liquidated collateral, while reUSD itself remained unaffected and no bad debt was incurred.
The incident highlights risks with using short-term TWAP oracles for long-dated, low-liquidity Pendle markets, where relatively small price movements can trigger large-scale liquidations.
A coordinated oracle manipulation attack on two Morpho PT-reUSD markets triggered ~$36.39M in liquidations, with the attacker reportedly earning ~$1.3M.
The attacker used TWAP purchases of Pendle YT-reUSD to push down the PT-reUSD price, triggering liquidations of highly leveraged positions. One 15-minute TWAP fell to 0.9647, causing borrowers to become eligible for liquidation.
12 borrowers with ~$36.1M in positions were liquidated. The attacker reportedly captured 96% of the liquidated collateral, while reUSD itself remained unaffected and no bad debt was incurred.
Morpho said it is investigating whether the PT market price was intentionally manipulated and working with the relevant teams on a safer oracle configuration.
The incident highlights risks with using short-term TWAP oracles for long-dated, low-liquidity Pendle markets, where relatively small price movements can trigger large-scale liquidations.
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Grove Takes 37.8M CFG Stake in Centrifuge
Grove has acquired a 37.8M CFG position, about 5.4% of the token's supply, deepening a long-term partnership with Centrifuge that dates back to the early MakerDAO era.
The stake adds to a run of institutional capital backing onchain real-world assets, and positions Grove as a long-term stakeholder rather than just a user of Centrifuge's infrastructure.
Grove has acquired a 37.8M CFG position, about 5.4% of the token's supply, deepening a long-term partnership with Centrifuge that dates back to the early MakerDAO era.
Grove already routes more than $1.27B of assets through Centrifuge's tokenization infrastructure. The firm framed the CFG holding as a move from protocol integration to strategic alignment, tying its own growth more closely to Centrifuge's real-world-asset rails.
The stake adds to a run of institutional capital backing onchain real-world assets, and positions Grove as a long-term stakeholder rather than just a user of Centrifuge's infrastructure.
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LayerZero Launches ATLAS, Backed by Citadel & DTCC
ATLAS is a bundles headless exchange for institutional markets, built on its Zero L1, for institutional markets matching, clearing, settlement and risk into one backend, so any trading venue can launch a market without building the infrastructure itself.
ATLAS extends that push from infrastructure to a live venue, giving traditional finance heavyweights a shared onchain exchange for digital assets and deepening Wall Street's move into tokenized markets.
ATLAS is a bundles headless exchange for institutional markets, built on its Zero L1, for institutional markets matching, clearing, settlement and risk into one backend, so any trading venue can launch a market without building the infrastructure itself.
Zero, the high-performance chain LayerZero unveiled in February with Citadel Securities, DTCC, ARK Invest and Intercontinental Exchange, is purpose-built for tokenized securities, institutional DeFi and real-world-asset settlement. LayerZero pitched the effort at institutional scale, pointing to DTCC's $4.7 quadrillion in 2025 securities processing and trillions of dollars in daily FX and derivatives turnover as the market it wants to bring onchain.
ATLAS extends that push from infrastructure to a live venue, giving traditional finance heavyweights a shared onchain exchange for digital assets and deepening Wall Street's move into tokenized markets.
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Velocity Launches Private Beta for On-Chain Perps
Velocity, formerly Drift Protocol, has launched its private beta, bringing on-chain perpetual futures with 0.02% trading fees from the first trade.
Velocity is also offering 20% referral rewards, its highest referral rate, as it invites early traders to test the platform and help shape the product ahead of a wider launch.
Apply for the Velocity Private Beta
Velocity, formerly Drift Protocol, has launched its private beta, bringing on-chain perpetual futures with 0.02% trading fees from the first trade.
The platform offers multi-collateral margin, allowing SOL and USDT deposits to earn yield while simultaneously backing USDT-settled positions.
Velocity is also offering 20% referral rewards, its highest referral rate, as it invites early traders to test the platform and help shape the product ahead of a wider launch.
Apply for the Velocity Private Beta
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Kraken Hit by ‘Dust Attack’ as 12K HTX-Linked Transfers Trigger Reviews
Kraken said nearly 12,000 small crypto transfers from a wallet linked by Arkham Intelligence to HTX were sent to Kraken-linked addresses between August 17-24, triggering compliance reviews and temporary account restrictions for some users.
Most transfers were worth only a few cents or a few dollars. Kraken has restored access to affected accounts while continuing to hold the sanctioned funds and working with authorities.
HTX denied initiating the transfers and said it is investigating, citing possible address misattribution or malicious third-party activity.
The tactic has precedent. Following the 2022 U.S. sanctions on Tornado Cash, small amounts of ETH were similarly sent to prominent wallets without their owners’ consent.
Kraken said nearly 12,000 small crypto transfers from a wallet linked by Arkham Intelligence to HTX were sent to Kraken-linked addresses between August 17-24, triggering compliance reviews and temporary account restrictions for some users.
Kraken described the activity as a “dust attack,” potentially aimed at spreading sanctioned funds across platforms and triggering account freezes.
Most transfers were worth only a few cents or a few dollars. Kraken has restored access to affected accounts while continuing to hold the sanctioned funds and working with authorities.
HTX denied initiating the transfers and said it is investigating, citing possible address misattribution or malicious third-party activity.
The incident highlights a broader challenge for crypto compliance: users cannot prevent unwanted funds from being sent to their wallets, meaning attackers can potentially manipulate transaction histories and trigger costly compliance procedures.
The tactic has precedent. Following the 2022 U.S. sanctions on Tornado Cash, small amounts of ETH were similarly sent to prominent wallets without their owners’ consent.
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Tokenized Card Boom: Who Controls Gacha Market
Tokenized trading cards did $327M in volume over the last 30 days, up 8.3%, with the market splitting between five protocols. On the surface it looks like Courtyard's game: 44.5% of all volume, $145M in flow. But volume only tells half the story.
The other half is who actually makes money. Courtyard runs a thin 2.14% take-rate, so all that flow turns into just $3.1M in fees. Collector Crypt moves less ($123M) but charges 9.21%, pulling $11.2M, more than three times Courtyard's revenue.
Tokenized trading cards did $327M in volume over the last 30 days, up 8.3%, with the market splitting between five protocols. On the surface it looks like Courtyard's game: 44.5% of all volume, $145M in flow. But volume only tells half the story.
The other half is who actually makes money. Courtyard runs a thin 2.14% take-rate, so all that flow turns into just $3.1M in fees. Collector Crypt moves less ($123M) but charges 9.21%, pulling $11.2M, more than three times Courtyard's revenue.
Revolut Joins the Stablecoin Race With EURR Stablecoin
Revolut is preparing to launch its own euro-backed stablecoin, stepping into a market long dominated by dollar-pegged tokens and taking direct aim at Tether's grip on the roughly $170B sector.
The bet is that stricter EU rules finally loosen Tether's dominance. A wave of neobanks is eyeing the same opening, but Revolut's stack of banking licenses and MiCA clearance puts it among the first positioned to issue a regulated euro coin at scale.
Revolut is preparing to launch its own euro-backed stablecoin, stepping into a market long dominated by dollar-pegged tokens and taking direct aim at Tether's grip on the roughly $170B sector.
The move builds on Revolut's freshly secured MiCA license from Cyprus, which lets it market regulated crypto services across all 30 EEA markets, and on its decision to delist USDT for European users after MiCA's transition period ended in July. A euro-native, fully regulated stablecoin would hand Revolut's large European user base a compliant on-chain settlement asset that Tether, still unauthorized under MiCA, cannot legally offer inside the bloc.
The bet is that stricter EU rules finally loosen Tether's dominance. A wave of neobanks is eyeing the same opening, but Revolut's stack of banking licenses and MiCA clearance puts it among the first positioned to issue a regulated euro coin at scale.
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Hyperliquid Activates AQAv2 to Buy Back and Burn HYPE
Hyperliquid activated its AQAv2 framework on August 26, directing the yield earned on its USDC reserves into programmatic buybacks and permanent burns of the HYPE token.
The mechanism converts idle stablecoin collateral into a recurring, reserve-funded bid on HYPE, tightening token supply as Hyperliquid's USDC balances grow and tying the token's value more tightly to the exchange's own reserves.
Hyperliquid activated its AQAv2 framework on August 26, directing the yield earned on its USDC reserves into programmatic buybacks and permanent burns of the HYPE token.
Circle acts as technical deployer and Coinbase as treasury manager, with roughly 90% of the reserve yield shared with the protocol and moved in 30-day cycles to the Assistance Fund, which executes the HYPE buybacks and burns. Yield accrual begins on August 26, and the inaugural payout and first execution are scheduled for October 3.
The mechanism converts idle stablecoin collateral into a recurring, reserve-funded bid on HYPE, tightening token supply as Hyperliquid's USDC balances grow and tying the token's value more tightly to the exchange's own reserves.
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RockawayX Acquires Crypto Hedge Fund Relayer Capital
Crypto investment firm RockawayX has acquired hedge fund Relayer Capital, adding long and short trading strategies to its platform as it expands its crypto offerings in the US.
The deal is part of a broader push by crypto investment firms to build out US operations and widen beyond pure venture bets into liquid, actively managed strategies.
Crypto investment firm RockawayX has acquired hedge fund Relayer Capital, adding long and short trading strategies to its platform as it expands its crypto offerings in the US.
Relayer will be rebranded as the RockawayX Liquid Opportunities Fund, tasked with identifying undervalued liquid tokens and crypto-related equities. The move pairs RockawayX's venture roots with an active, market-facing strategy, letting the firm run both long and short positions across liquid crypto assets and listed equities tied to the sector.
The deal is part of a broader push by crypto investment firms to build out US operations and widen beyond pure venture bets into liquid, actively managed strategies.
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Axis Robotics x Binance Wallet Campaign Is Live
Axis Robotics has launched an exclusive robot-data campaign for Binance Keyless Wallet users, with a dedicated 1,500,000 Axis Points reward pool, separate from the regular product points.
The campaign runs 26 August to 25 September across two reward cycles, each settled within 72 hours of closing. Tasks release daily at 8:00 PM SGT, 20,000 per day, first-come first-served.
Axis Robotics has launched an exclusive robot-data campaign for Binance Keyless Wallet users, with a dedicated 1,500,000 Axis Points reward pool, separate from the regular product points.
What to do
1. Create a Binance Keyless (MPC) Wallet in the Binance app: Wallet, Binance Wallet, Create Wallet. Full wallet guide
2. Install the Binance Wallet Extension and log in on desktop.
3. Open the Axis Robotics campaign page, complete tasks and sign on Base to earn Axis Points.
The campaign runs 26 August to 25 September across two reward cycles, each settled within 72 hours of closing. Tasks release daily at 8:00 PM SGT, 20,000 per day, first-come first-served.
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POSCO Tokenizes Real Trade Receivables on Avalanche
POSCO International tokenized real trade receivables on Avalanche, turning live invoices from South Korea's largest trading firm into onchain digital assets through its US arm.
The deal follows a separate July proof-of-concept with LG CNS on Injective, underscoring POSCO's broader push to move real-world trade finance onchain.
POSCO International tokenized real trade receivables on Avalanche, turning live invoices from South Korea's largest trading firm into onchain digital assets through its US arm.
Trade-finance platform Olea, backed by Standard Chartered's venture arm SC Ventures, bought the receivables with actual capital, meaning these were live assets rather than a test. Asset-backed finance firm Intain used AI to reconcile invoices, purchase orders, credit notes and shipping documents, then verified and recorded the receivables on its Avalanche Layer-1. A shared ledger gives every party one record of ownership and status, cutting paperwork and speeding access to financing.
The deal follows a separate July proof-of-concept with LG CNS on Injective, underscoring POSCO's broader push to move real-world trade finance onchain.
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