Hyperliquid, a fast-growing decentralized derivatives exchange, has refunded nearly $2 million to traders following a temporary API outage. This swift action is being viewed as a major confidence booster for decentralized platforms amid their expanding role in the crypto trading landscape. API Outage Disrupts Trading On July 30, Hyperliquid’s application programming interface (API) experienced a sudden failure, disabling users from executing trades for approximately 37 minutes. Although no security breach was reported, the event raised alarm among traders due to its timing — shortly after the platform hit a record $14.7 billion in total open interest. Full Reimbursement of $1.99…
Author: Blockto Team
A major regulatory shift is underway as U.S. SEC Chair Paul Atkins unveils “Project Crypto,” a bold plan to modernize securities laws for digital assets. While the crypto market faced steep losses last week, a potentially game-changing policy announcement flew under the radar. The initiative signals a historic shift in how digital assets will be regulated in the U.S., with wide-ranging implications for investors, startups, and Wall Street. Project Crypto: A New Framework for Digital Assets At the heart of Project Crypto is a sweeping overhaul of outdated securities regulations to better align with blockchain innovation. The SEC intends to…
BitMine Immersion Technologies has officially taken the lead among all public companies in Ethereum holdings, now controlling an impressive 833,000 ETH—valued at approximately $2.9 billion. This substantial position pushes BitMine ahead of all rivals and marks a defining moment in corporate crypto treasury strategy. Ethereum Holdings Surge Amid Strategic Capital Raising Over the past month, BitMine has aggressively expanded its ETH balance sheet. Its holdings rose from 625,000 ETH to 833,000 ETH, a growth of 208,000 ETH worth $739 million, achieved in just under two weeks. The accumulation is part of a larger strategy that includes convertible debt offerings and…
The Monero blockchain recently faced a high-risk 51% attack attempt, but unexpected interference appears to have disrupted the offensive before it could destabilize the network. Alleged DDoS Attack Hits Mining Pool Involved in Monero Takeover Attempt A mining group aiming to gain majority control over Monero’s hashrate has reportedly experienced a significant drop in processing power, caused by what appears to be a distributed denial-of-service (DDoS) attack. The mining pool’s hashrate fell from 2.6 GH/s to 0.8 GH/s, severely limiting its influence on the network. This has raised speculation that members of the Monero ecosystem may be employing defensive tactics…
Ethena Labs’ stablecoin USDe has jumped to the third position among dollar-pegged tokens, overtaking FDUSD following a sharp rise in demand and institutional inflows. USDe Market Cap Soars to $9.3 Billion Since mid-July, USDe’s market capitalization has grown by 75%, reaching approximately $9.3 billion. This surge places it just behind Tether’s USDT ($164B) and Circle’s USDC ($63B) in the stablecoin rankings. The spike coincides with the passing of the GENIUS Act, a comprehensive U.S. regulatory framework for stablecoins. Ethena’s recent custody partnership with Anchorage Digital has positioned USDe as a GENIUS-compliant product, likely driving trust and adoption among institutional players.…
The Solana-based memecoin launchpad Pump.fun recorded its lowest monthly revenue of 2025 in July, signaling a steep decline in interest across the memecoin creation space. Memecoin platform revenue drops 80% from January peak According to analytics data, Pump.fun generated just $24.96 million in July, a dramatic fall from its January peak of over $130 million—an 80% drop in under seven months. The platform’s earnings gradually declined through the year, falling to $90 million in February, $37 million in March, and hovering around $40 million until July’s low. This downward trend highlights a clear loss of momentum in the memecoin market,…
The decentralized finance sector has been shaken once again as CrediX Finance, a Sonic-based DeFi protocol, was taken offline following a $4.5 million exploit that occurred on August 4. DeFi protocol hack leads to multi-million-dollar loss Just weeks into its public launch, CrediX reported a “security breach” at 9:10 UTC, prompting the team to suspend all user deposits. The swift takedown of the website was aimed at minimizing additional risks while the breach was investigated. Blockchain monitoring tools confirmed that the stolen assets were transferred from Sonic to Ethereum. The stolen funds were later traced to three separate wallets, spreading…
Global cryptocurrency investment products ended a 15-week streak of inflows last week, recording a net outflow of $223 million as hawkish U.S. Federal Reserve remarks spurred profit-taking and dented investor confidence. Hawkish Fed Comments Trigger Profit-Taking According to a weekly report by CoinShares, the week began with $883 million in inflows but saw a sharp reversal in the latter half. The pivot followed the Federal Open Market Committee (FOMC) meeting, where upbeat U.S. economic data and Jerome Powell’s cautious tone lowered expectations for a September rate cut. “Minor profit-taking is to be expected after $12.2 billion in inflows over the…
Coinbase CEO Brian Armstrong is speaking out against what he describes as a restrictive UK advertising environment, following the removal of the exchange’s latest television commercial. “Everything Is Fine” Ad Sparks Controversy The one-minute commercial, titled “Everything Is Fine,” was a musical satire that portrayed the struggles of the traditional financial system—leaky ceilings, food shortages, and inflation—before encouraging viewers to “update the system” with crypto. “The traditional financial system is not working for many people and crypto represents a way to improve that,” Armstrong posted on X (formerly Twitter), accusing UK regulators of attempting to “censor” innovation. The ad was…
As central banks globally explore digital currencies, the European Central Bank (ECB) has made it clear that physical cash will continue to play a central role in the Eurozone’s payment landscape—even as a digital euro advances. Digital Euro Will Complement, Not Replace, Cash ECB Executive Board member Piero Cipollone emphasized in a recent statement that the digital euro, currently under development, is not meant to replace traditional euro banknotes and coins. “A digital euro will not replace banknotes and coins but rather complement them,” Cipollone stated, reinforcing that payment autonomy and resilience are key goals. This assurance comes as Europe…
