Blockchain News page 16

The blockchain now accounts for 97% of tokenized equity trading volume, according to newly reported data. Solana's real-world asset ecosystem has reached a record $4 billion in total value, according to figures reported on August 23.

A governance exploit let the attacker take command of vault operations, draining an estimated $8.5 million. Term Labs suffered an estimated $8.5 million loss on August 23 after an attacker exploited a flaw in its governance system.

A newly decoded puzzle appears to connect hidden data to Bitcoin's founding block, according to two reports. A long-standing cryptography puzzle connected to Bitcoin's origins has reportedly been cracked. Reports describe someone decoding hidden data that traces back to the Genesis Block, the very first block Satoshi Nakamoto mined in January 2009.

The decentralized derivatives exchange has reclaimed a milestone last seen before a major market selloff. Open interest on Hyperliquid, the decentralized perpetual futures exchange, has climbed past $13 billion. Both CryptoBriefing and U.Today reported the milestone this week. It is the first time the metric has reached that level since October 10.

Lawmakers move digital asset market structure legislation toward a floor vote while the CFTC signals it may offer only limited regulatory relief in the meantime. The Senate has set September 15 as the floor vote date for the CLARITY Act, according to CryptoBriefing.

Reports point to growing institutional ownership in a fund tied to the Hyperliquid trading ecosystem, raising questions for retail investors. Institutional investors have been boosting their positions in Hyperliquid Strategies, according to reports from Yahoo Finance and CryptoBriefing.

The lawsuit argues the law's broker-collection mechanism could leave everyday users on the hook for monthly tax bills. A crypto industry council has taken Illinois to court over a newly enacted tax law targeting digital asset activity. The lawsuit challenges a 0.2% tax rate applied to crypto transactions within the state.

The pseudonymous blockchain investigator also named Canada as a leading source of crypto fraud activity ZachXBT, a pseudonymous investigator known for tracking crypto scams and hacks on-chain, is planning to launch a new website.

A large holder offloaded thousands of coins over three days, raising fresh questions about a potential correction near the $80,000 mark. A single large Bitcoin holder, or a wallet cluster acting in concert, sold approximately 7,700 BTC over a three-day stretch, according to blockchain trackers.

The platform says the impact was limited to its own funds, not customer holdings, following the disruption. HumidiFi, a trading platform operating on the Solana blockchain, halted trading activity following what it described as an internal network incident. The disruption affected funds held on the platform, prompting an immediate suspension of trading operations.

The startup's chief executive says booming trading volumes without matching back-office infrastructure echo Wall Street's 1960s settlement breakdown. The chief executive of Fairmint has drawn a direct line between today's tokenized stock market and a decades-old Wall Street breakdown.

The Base lead calls community complaints about Coinbase's ether sales 'badly misplaced' Jesse Pollak, the executive who oversees Coinbase's Base network, has stepped in to defend the exchange against a wave of community criticism. The complaints centered on Coinbase's handling of its ether holdings, including reported sales of the asset.

Brian Armstrong says clear digital asset rules would shield consumers and limit government overreach. Brian Armstrong, chief executive of Coinbase, has publicly endorsed the CLARITY Act. He said the bill's clear rules would protect consumers more effectively than the current patchwork of regulatory guidance.

Reports point to a policy push moving Korea's crypto market beyond retail-driven price gaps toward corporate participation. South Korea is reportedly moving to expand crypto market access to approximately 3,500 companies, according to crypto.news.

The metaverse project says the incident has been controlled after unauthorized tokens appeared on two chains. The Sandbox, the blockchain-based virtual world platform, has confirmed that it contained a bridge exploit affecting its native SAND token.

Prime Minister Mark Carney orders matching levies after Washington's steep tariff hike targets Canadian exports. The United States has imposed a 50% tariff on approximately $20 billion worth of Canadian goods, according to reports from Japan Today and Cryptopolitan. The move marks a sharp escalation in trade relations between the two countries.

Treasury's new deadline on offshore stablecoin access to US customers adds urgency to industry preparations. Telcoin's president has told crypto.news that stablecoin issuers face a significant operational test before 2027. The statement comes as US regulators sharpen their focus on how digital dollar tokens are issued, backed, and distributed.

Metaverse platform The Sandbox is investigating an incident that saw an unauthorized batch of its SAND token created on Coinbase's Base network. The Sandbox, a blockchain-based virtual world platform known for its SAND token and NFT land parcels, is dealing with a reported security breach.