Ontology and Injective both experienced major block-production interruptions around August 31 as separate security incidents disrupted two Layer-1 networks, with an apparent exploit on Injective estimated to have extracted approximately $4.9 million. Injective stopped producing blocks for roughly three hours and 42 minutes before validators deployed an emergency patch and restored the network without rolling
Stablecoin-powered remittance company Félix has secured $200 million in new financing as investors increase their exposure to blockchain infrastructure for cross-border payments. The financing combines an $87 million equity investment led by Andreessen Horowitz with a $113 million credit facility from General Catalyst’s Customer Value Fund. Existing investors QED Investors, Castle Island Ventures and Switch
How Does Russia’s Digital Ruble Rollout Work? Russia began the mass rollout of its digital ruble on Sept. 1, moving the central bank digital currency beyond its earlier testing phase and into wider use across major banks, retailers and payment networks.Systemically important banks and other large credit institutions designated by the Bank of Russia as
What Drove Robinhood Chain To Record Trading Volume? Robinhood Chain recorded its strongest decentralized exchange activity yet in August, with single-day DEX trading volume reaching a record $989 million on Friday as liquidity and capital on the network continued to climb.Total value locked reached a record $708 million, nearly doubling from the previous month. Stablecoin
Coincheck Group and wallet-infrastructure provider DFNS have signed a strategic partnership to develop institutional digital-asset custody capabilities in Japan. The announcement from Coincheck says the companies plan to deploy DFNS technology for Coincheck, Inc., the group’s registered Japanese crypto exchange, subject to regulatory requirements and definitive agreements.The wording sets an important boundary around the news.
How Did Lazarus-Linked Funds Move Through Hyperliquid? Crypto wallets linked to North Korea’s state-backed Lazarus Group moved more than $30 million through Hyperliquid in recent weeks, putting fresh attention on sanctions controls at the decentralized derivatives platform just as it seeks a route into the U.S. market.Blockchain data shared by Arkham analyst Emmett Gallic showed
What Are Payward and the LSE Bringing Onchain? Payward, the owner of crypto exchange Kraken, is partnering with the London Stock Exchange to tokenize the 100 largest LSE-listed companies, bringing some of the UK market’s biggest stocks onto blockchain rails through the xStocks framework.The first London-listed xStocks are expected to become available in the coming
Solana’s fee generation approached a seven-day daily average of 9,200 SOL on August 27 as non-vote transaction activity reached record levels, strengthening the network’s fee economy just as validators approved a substantial acceleration in the decline of inflation rewards.Fee generation measured in SOL has increased more than 80% over the past three months, according to
Donald Trump Jr.-backed venture firm 1789 Capital is leading a new $1 billion funding round for Polymarket that values the prediction-market operator at $21 billion after the investment. 1789 Capital plans to contribute approximately $300 million to the round, spokesperson Alexa Henning confirmed Monday.The investment comes on top of roughly $200 million that 1789 previously put
Telegram CEO Pavel Durov says Gram Wallet is ready for use and has begun rolling out to a limited group of users, marking the first stage of what the company has described as the largest deployment of a non-custodial cryptocurrency wallet to date. Durov announced the launch on August 31, fulfilling a commitment he made