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Aug 31
22:00

Data shows that whales on the Hyperliquid platform currently hold positions totaling $7.395 billion, with a long/short position ratio of 0.92. This indicates a slightly higher short interest among large traders, reflecting cautious sentiment in the market.

CryptoDeFi
22:00

A user fell victim to a phishing attack again because they failed to revoke a malicious approval, losing a total of $219,000 across two incidents. The incident highlights the importance of revoking token approvals to prevent unauthorized transfers.

CryptoDeFi
20:35

Data shows that if Ethereum falls below $2,353, cumulative long liquidation intensity on major centralized exchanges could reach $1.077 billion. This highlights significant leverage risk in the market as ETH faces potential downside pressure.

CryptoDeFi
20:28

DeFi Development Corp. announced plans to issue up to $20 million in perpetual preferred stock, with a portion of the proceeds used to increase its SOL holdings. The move signals continued institutional interest in Solana’s ecosystem and DeFi-related investment vehicles.

CryptoDeFi
19:30

Ankr’s ankrFLOW contract was exploited, prompting the Flow Foundation to commit to covering the losses. The incident highlights ongoing security challenges in the DeFi space.

CryptoDeFi
18:36

Robinhood Chain’s decentralized exchange achieved a single-day trading volume of $989 million, setting a new record. This milestone highlights the growing adoption of its blockchain-based trading platform.

CryptoDeFi
16:38

Applications on the two-month-old Robinhood Chain network earned $2.66 million in 24 hours, ranking second behind Solana, with a memecoin launchpad as the biggest single source. This marks a significant milestone as the new chain surpasses Ethereum in daily app revenue.

CryptoDeFi
16:20

Solana network fees have reached an all-time high, indicating strong network activity. In parallel, the SGP-0002 proposal to reduce inflation has been approved, marking a significant governance decision for the network.

CryptoDeFi
14:01

A whale who bought 488,600 HYPE tokens from FalconX five months ago for ~$17.18M has seen the position grow to ~$41.09M, an unrealized profit of ~$23.91M (139% return). The whale has now staked all HYPE tokens on Hyperliquid, according to Onchain Lens.

CryptoDeFi
14:00

Hyperliquid is negotiating with the parent company of Kraken to potentially offer perpetual futures contracts to US users. This move could expand Hyperliquid’s reach into the American market, pending regulatory considerations.

CryptoDeFi
13:54

Hyperliquid is reportedly in discussions with Payward, Kraken’s parent company, to offer its perpetual futures to US traders via the regulated Bitnomial exchange. This would mark Hyperliquid’s first US expansion, following President Trump’s recent remarks about bringing the platform onshore.

CryptoDeFi
12:35

BitMine has staked 5.07 million ETH, representing 4.9% of the total Ethereum supply. This significant stake highlights the growing trend of institutional participation in Ethereum staking.

CryptoDeFi
12:24

BitMine’s staked ETH balance held at 5.07 million (valued at $12.7 billion) for the fourth consecutive week, while the company added 53,501 ETH to its treasury. It also reported $335 million in annualized staking revenue, indicating stable operations.

CryptoDeFi
11:27

Fogo’s mainnet has been halted for 46 hours following the theft of 400 million FOGO tokens, with no restart time announced. The incident highlights security vulnerabilities in blockchain networks, impacting user funds and network operations.

CryptoDeFi
10:50

Primus has secured an investment from YZi Labs and launched its Confidential Vault product on BNB Chain. The move aims to enhance privacy and security for on-chain data management, marking a step forward in the integration of confidential computing with blockchain.

CryptoDeFi
10:44

Balancer has alerted users of its deprecated V1 pools to withdraw liquidity, noting that these pools are non-pausable. The warning follows a ~$234,000 drain attributed by SlowMist to a fixed-point rounding flaw.

CryptoDeFi
10:34

Cronos validators rolled back the chain to before the Tectonic exploit, discarding nearly 11,000 blocks and erasing the attacker’s balances. However, $6.29 million already bridged to Ethereum remains beyond the rollback’s reach.

CryptoDeFi
09:35

A vulnerability in Balancer’s legacy v1 contracts could allow attackers to drain liquidity provider funds. Users are advised to withdraw from affected pools immediately. The team is investigating and will provide updates.

CryptoDeFi
09:20

Coinbase CEO Brian Armstrong predicts that on-chain reputation systems will eventually replace traditional credit scoring, leveraging blockchain’s transparency and immutability. This shift could revolutionize access to financial services, especially for the unbanked.

CryptoDeFi
08:00

LIT token, issued by perp DEX Lighter, has surged nearly 5x from its March low to $3.79, with a market cap of $865M. The rally is fueled by Lighter’s US-centric positioning, CFTC advisory role, and exclusive perp engine deals with Telegram and Robinhood. Founder Vladimir’s high school friendship with Robinhood’s Vlad Tenev underscores the deep connection behind the Robinhood Chain integration.

CryptoDeFi
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