Tectonic Exploit Drains $75M, Cronos Validators Halt Entire Chain

Tectonic exploit drains estimated $75M as Cronos validators halt chain The attacker allegedly pumped TONIC's price roughly 100-fold in 20 minutes and borrowed against the inflated collateral. The loss estimate is preliminary, and Tectonic has told users not to interact with the protocol while it investigates. 1

CLARITY Act faces 60-vote cloture test on September 15 Senate Majority Leader Thune filed the cloture motion before recess; failure would stall, not kill, H.R. 3633, which remains on the Senate calendar after passing the House 294-134. 2

Uniswap processes $1.5B in stock token trades on Robinhood Chain Uniswap controls about 99% of tokenized-stock DEX liquidity on the Arbitrum-based L2, with roughly 60% of volume occurring outside US market hours. 3

Metaplanet deposits 2,400 Bitcoin worth $186M into Coinbase Prime CEO Simon Gerovich says the transfers are custodial, not a prelude to selling; a further 3,000 BTC moved on Aug. 29, and total holdings stand near 43,000 BTC. 4

More Markets hacked for $9.3M on Flow EVM, 15.5M WFLOW drained Blockaid linked the exploit to an Ankr liquid staking token and the protocol's E-Mode borrowing feature. The final loss figure remains under investigation. 5

Balancer V1 exploit drains $234K from unmaintained pool code SlowMist says the attacker compressed WBTC reserves and minted pool tokens for one satoshi per join. The vulnerable BPool contract is immutable and unmaintained, leaving forked projects exposed. 6

Ethereum staking queue hits 2.06M ETH with 36-day wait The backlog delays consensus rewards worth an estimated $348,000–$366,000 daily, with over 42 million ETH already staked. 7

US Treasury proposes foreign stablecoin rules for exchanges Platforms can keep offering foreign-issued stablecoins only after due diligence on issuers' ability to comply with US orders. A stricter offering limit begins July 18, 2028. 8

Ethena expands USDe yield strategy into equity perpetuals The protocol will run its basis trade on equity perpetuals, a market that has grown tenfold since March and pays funding rates several times higher than Bitcoin's. 9

Russia's Sber plans crypto-backed loans using BTC, ETH, USDT The bank will accept the assets as collateral after Russia's new crypto regulations take effect, building on a December 2025 pilot with Intelion. 10

StarkWare executes first quantum-resistant transaction on Bitcoin The Aug. 26 mainnet test required no consensus-rule changes and was carried out by the team behind Starknet. 11

Solana community backs cutting SOL inflation rate The governance vote supports lower issuance, a key decision for SOL's supply schedule. 11

Bitcoin shorts squeezed $6.55B in August as September doubts grow CoinGlass data shows $9.71B in total liquidations over two weeks, with shorts accounting for about two-thirds. ETF outflows and weak spot demand raise doubts about the rally's durability. 12

Coinbase stock tokens barely move over weekend as liquidity thins B20 tokens on Base traded within 0.6% of Friday Chainlink values, but Aave V3 showed no live B20 reserves, leaving the DeFi collateral use case unproven. 13

Stablecoin demand backs T-bills but can't fix Treasury's long-bond problem GENIUS Act reserves are limited to Treasuries maturing within 93 days, while Treasury is doubling long-end buyback capacity. Research finds stablecoin inflows lower three-month bill yields with little spillover to longer maturities. 14