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Tag: News

Cronos Network Halts After Estimated $75 Million Exploit Hits Tectonic

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Cronos validators halted the Crypto.com-linked chain on Sunday after an exploit at Tectonic, the network’s largest lending protocol. Onchain researcher Weilin Li estimates about $75 million was affected after TONIC was pumped roughly 100x in 20 minutes and used as collateral. Only about $6 million was bridged to Ethereum before the halt; most remaining assets are stranded on Cronos. Tectonic TVL fell from about $121.7 million to roughly $3...

Cryptocurrencies, Hacks, News

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Solana Validators Narrowly Pass First Governance Vote to Double SOL Disinflation

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Solana’s SGP-0002 passed with 67.00% support, just above the two-thirds supermajority required for adoption. The measure doubles annual disinflation from 15% to 30%, targeting the 1.5% inflation floor around 2029 instead of 2032. Authors estimate about 18.9 million fewer SOL will be issued over the next six years. Kraken’s largest validator flipped most of its 8.92 million SOL stake from against to for in the final hours. A...

Cryptocurrencies, News, Solana

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Solana validators narrowly pass faster SOL issuance cuts in first network-wide vote

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Solana validators approved SGP-0002, doubling the annual disinflation rate from 15% to 30%. The measure passed with 67% support and 60.7% participation, clearing a two-thirds threshold by a slim margin. The change is projected to cut about 18.9 million SOL in new issuance over six years and bring terminal 1.5% inflation forward to around 2029. A companion fee-burn proposal failed; a Solana Constitution proposal passed. Kraken and...

Altcoins, Cryptocurrencies, News

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Charles Schwab to Add Solana, Avalanche and Chainlink to Crypto Platform

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Charles Schwab plans to add Solana, Avalanche and Chainlink to Schwab Crypto in the coming months. The platform launched in May 2026 with bitcoin and ether and charges 75 basis points per trade. Schwab reported $13.04 trillion in client assets and 39.9 million brokerage accounts as of July 31, 2026. The service is unavailable in New York, Louisiana, U.S. territories and international jurisdictions, and Schwab may delay or withdraw support. ...

Altcoins, Cryptocurrencies, ETF, News, TradFi

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Bitcoin Holds Near $79,000 After Rallying Past $81,000 as ETF Inflows Top $3 Billion

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Bitcoin briefly topped $81,000 this week, its highest level since May, before easing near $79,000. U.S. spot bitcoin ETFs took in $314 million on Tuesday and about $232 million on Wednesday, lifting August inflows above $3 billion. CryptoQuant’s Bull Score jumped from 30 to 80 in a week; a close above the $83,100 365-day moving average is still needed for official confirmation. Bernstein’s base case sees bitcoin at $150,000 by...

Bitcoin, Cryptocurrencies, ETF, News

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