BounceBit to sunset blockchain, migrate to BNB Chain after $3 million exploit
The attacker transferred approximately 286.5 million BB from nine wallets before block production was eventually halted.
The Block•Kyle Baird21 AugThe Block — page 13
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Coverage, page 13
page 13 of 61The Block•Kyle Baird21 Aug
XRP leads broad altcoin rally as bitcoin’s biggest weekly gain in two years lifts crypto
Amid this week's crypto rally, HYPE is up nearly 40%, while other altcoins such as XRP, ZEC and LINK have risen over 30%.
The Block•Jason Shubnell21 Aug
Strategy shares hit two-month high as STRC rebounds toward $100 alongside bitcoin
Amid a two-month puase on BTC buys, Strategy shares (MSTR) rallied alongside bitcoin as STRC continued its recovery toward its $100 target.
The Block•Kyle Baird21 Aug
AI adoption in crypto crime rose 40% over the past year, TRM Labs says
Crypto hackers are quickly picking up on AI developments to discover overlooked vulnerabilities and infiltrate IT firms, the report said.
The Block•Danny Park21 Aug
Crypto is still in ‘winter’ price-wise but it’s an ‘institutional summer,’ STS Digital CEO says
STS Digital CEO Maxime Seiler says token prices have lagged institutional adoption as bitcoin futures basis converges toward risk-free rates.
The Block•Brian Danga21 Aug
Bitcoin surge toward $80K points to liquidity-driven momentum shift as ETF flows rebound: Bernstein
U.S. spot bitcoin ETF flows have also rebounded, while Strategy's bitcoin holdings are now back above their average purchase price.
The Block•James Hunt21 Aug
Upbit trading volume spikes 273% as South Korean investors re-enter crypto
One analyst said South Korean capital is slowly moving back to crypto, as investors are 'return-chasing' rather than 'asset-loyal.'
The Block•Danny Park21 Aug
Avalanche’s Nahas: Token prices are down, but ‘I’ve never seen more opportunities’ in crypto
Ava Labs CBO John Nahas says crypto prices are down, but real-world adoption is creating more opportunities across the sector.
The Block•Brian Danga21 Aug
Anchorage CEO says AI agents need bank accounts for ‘The Jetsons’-like future
The firm has built an agentic banking platform with a 'know-your-agent' setup to facilitate AI-driven transactions.
The Block•Timmy Shen21 Aug
South Korea’s Shinhan partners with Solana Foundation, Etherfuse, Orca for tokenized fund issuance
The agreement covers a proof-of-concept for the issuance and distribution of a Korean won-denominated tokenized fund.
The Block•Danny Park21 Aug
MANTRA freezes all transactions and network following unspecified incident
MANTRA Chain has halted the network and all transactions after discovering an incident, the nature of which remains undisclosed.
The Block•Danny Park21 Aug
Bitcoin breaks through $75,500 while analyst calls current rally ‘premature’
Shawn Young, chief analyst at MEXC Research, said that the crypto market is giving Treasury's intervention 'more credit than it deserves.'
The Block•Danny Park21 Aug
CME CEO Terrence Duffy trades barbs with CFTC’s Selig and Kalshi’s COO over prediction market oversight
A CFTC ommittee meeting exposed a sharp divide between the worlds of traditional finance and prediction market platforms.
The Block•Sarah Wynn20 Aug
Kraken parent Payward explores becoming a ‘full bank’ outside the US
Payward is expanding across banking, lending and asset management, with mortgages a future possibility.
The Block•Kyle Baird20 Aug
Ondo executive says tokenization is following the same path as early ETFs
The firm hopes that passage of the Clarity Act will help open the door for it to offer tokenized products in the U.S.
The Block•Kyle Baird20 Aug
Inside the Oval Office meeting: Trump appears ‘bullish’ on Clarity Act as he solicits feedback from crypto, finance CEOs
During a private Oval Office meeting, President Trump appeared “bullish” on passing the Clarity Act, one source said.
The Block•Sarah Wynn20 Aug
Bitcoin’s rally pushes past $72,000 as analysts see demand beyond historic short squeeze
Analysts say the move is supported by spot and ETF demand, though BTC will need to hold above $70k to show the rally can outlast the squeeze.
The Block•Jason Shubnell20 Aug
‘Star Wars vibes:’ Chainlink’s McCormick sees AI agents, robots driving blockchain transactions
McCormick expects a multi-chain future as AI lowers the cost of creating new blockchain networks, increasing the need for interoperability.
The Block•James Hunt20 Aug
OpenLedger’s Ram Kumar sees agentic payments as crypto’s first AI ‘killer app’
OpenLedger core contributor Ram Kumar sees agentic payments as a major crypto use case as AI agents lack traditional banking access.
The Block•Brian Danga20 Aug
Evernorth eyes DeFi opportunities as XRP Ledger weighs native lending
The XRP-focused digital asset treasury firm plans to put its holdings to work as it also moves through the process of going public.
The Block•James Hunt20 Aug