Blockchain News page 21

Fraudsters impersonated an Ethereum layer-2 project to lure traders into losing funds, sources report. Scammers have stolen more than $2 million by creating a fraudulent version of GIWA, an Ethereum layer-2 blockchain, according to reports from CryptoBriefing and Bitcoin.com News.

Cardano founder's comments on the Midnight network put its native NIGHT token back in the spotlight. Charles Hoskinson made public comments comparing Midnight, a privacy-oriented blockchain project tied to the Cardano ecosystem, to Zcash. He argued Midnight will outperform Zcash specifically in the area of private smart contracts.

The update removes the need to hold native tokens just to cover transaction costs. Binance Wallet has introduced a feature that lets users cover gas fees using USDT instead of each network's native token. The update applies across four major blockchain networks, according to reports from CryptoBriefing, Coinfomania, and crypto.news.

Ethereum co-founder suggests the network's next major upgrade may mark a turning point in how the protocol evolves. Vitalik Buterin has said Ethereum's next major network upgrade, known as Hegotá, could be the last upgrade to follow the protocol's traditional fork process.

Conflicting weekly gain figures from two outlets underscore a fast-moving rally tied to banking sector interest. Quant Network's native token QNT posted one of the sharpest moves in the crypto market this week.

Developers reportedly reorganized the chain to erase blocks tied to a flaw that let new coins be created outside protocol rules. Zano, a privacy-oriented cryptocurrency project, has reportedly rolled back approximately one month of its blockchain history to address a bug that allowed coins to be generated outside its designed monetary policy.

On-chain investigators say a coordinated syndicate used dozens of token launches to extract funds from investors before abandoning projects. Blockchain analytics firm Wazz says it has connected 53 separate token launches on Robinhood Chain to one coordinated rug-pull operation.

A federal asset forfeiture action targets funds connected to accounts associated with the stablecoin issuer, raising fresh questions about oversight. US federal prosecutors are seeking to seize $84.2 million connected to accounts linked to Tether, the issuer of the world's largest stablecoin, according to Cryptopolitan.

Attempts to halt the transfer of 27 million stolen XRP tokens failed, prompting Bitget to freeze withdrawals on its platform. A hacker who gained unauthorized access to Bitget has successfully moved millions of dollars worth of stolen XRP, despite the exchange’s efforts to stop the transfer.

One set of comments from Vitalik Buterin produced two different published framings today, and a four-publisher AI safety report still has no on-record confirmation from either company named. One set of comments from Vitalik Buterin produced two different published framings today, and a four-publisher AI safety report still has no on-record confirmation from either company…

Ethereum co-founder frames the network's future around broader infrastructure goals rather than a single technical upgrade. Vitalik Buterin has sketched out a roadmap for Ethereum that extends through 2030, according to reporting from The Block and CryptoBriefing.

Ethereum co-founder outlines a blended architecture he says pushes the network toward verifiable, trust-minimized computation. Vitalik Buterin has offered a fresh explanation of Ethereum's technical direction, describing it as a hybrid architecture. According to reports from Coinfomania, CryptoBriefing, and crypto.news, Buterin characterized Ethereum's trajectory as one where the network increasingly functions as a cryptographic world…

The security firm says North Korea-linked wallets moved funds through the cross-chain protocol, raising questions about its governance structure. GoPlus Security has raised concerns about THORChain's decentralization claims, citing transaction flows linked to North Korea.

Blockchain investigators say a portion of stolen Bitget assets passed through the Wasabi Wallet privacy protocol. Investigators tracing assets stolen from cryptocurrency exchange Bitget have identified a batch of 4 BTC that moved through Wasabi Wallet's CoinJoin mechanism.

Strategy's chairman lays out a framework of digital protections he says could help individuals build prosperity as economies digitize. Michael Saylor, chairman of business intelligence firm Strategy, has introduced a concept he describes as a bill of digital rights.

Peirce will depart the Securities and Exchange Commission to teach at a law school as an associate professor. Hester Peirce is leaving the Securities and Exchange Commission. Her resignation takes effect October 2, according to multiple reports.

The proposed fund aims to deliver biweekly payouts using an options-based strategy tied to Zcash exposure. Grayscale has filed paperwork for a new exchange-traded fund named the ZCSH High Income ETF, according to reports from Coinfomania, TronWeekly, AMBCrypto, BlockchainReporter and Bitcoin.com News.

The NFT marketplace says outdated smart contract approvals left $5.7 million in assets exposed, and has published a process for owners to reclaim rescued NFTs. Magic Eden has confirmed that an exploit tied to outdated smart contract approvals compromised user assets on its platform.