Author: James Wilson

Cronos has resumed block production after validators halted the network during an exploit targeting Tectonic and restored the chain state to a point before the attack. Summary Cronos resumed block production after validators halted the network during an exploit targeting the Tectonic protocol. The chain was restored to its state before the exploit, with block production restarting from block 90,896,189. Cronos remains under observation, while some protocols, RPC providers, explorers and bridges may take longer to return. A full postmortem covering the Tectonic exploit and the network’s response will be released soon. Cronos Network said the blockchain was fully back…

Donald Trump Jr.’s 1789 Capital has agreed to lead a $1 billion Polymarket funding round with roughly $300 million that would value the prediction market platform at $21 billion. Summary 1789 Capital is leading Polymarket’s $1 billion funding round with a planned investment of roughly $300 million. The financing would value Polymarket at $21 billion, up from its current valuation of close to $15 billion. 1789 Capital previously invested approximately $200 million in Polymarket, taking its disclosed commitments to roughly $500 million with the new round. Donald Trump Jr. advises Polymarket and rival Kalshi as prediction markets expand their regulated…

Polymarket is reportedly raising approximately $1 billion at a $21 billion valuation, with Donald Trump Jr.-linked 1789 Capital planning to contribute about $300 million. Summary 1789 Capital plans to invest roughly $300 million in Polymarket’s reported funding round, sources said. The planned $1 billion raise would value Polymarket at approximately $21 billion after new investment. 1789 Capital previously invested around $200 million and could become one of Polymarket’s largest backers. ICE remains Polymarket’s largest investor after accumulating approximately 22% of the company’s outstanding shares overall. Polymarket’s U.S. exchange holds CFTC designation while state challenges continue targeting sports event contracts nationwide.…

The crypto market has posted sharp gains across Bitcoin and several major altcoins, but Cryptex Finance data covering 36 assets and roughly 92% of the digital asset market shows that capital remains heavily concentrated in Bitcoin and Ethereum despite prices rising across the market. Summary Cryptex’s 36-asset index gained just 1.92% over the trailing seven days, even as several major cryptocurrencies posted much larger gains from their recent lows. Joe Sticco said low price dispersion suggests cryptocurrencies are moving together rather than investors rotating capital between assets and sectors. Sticco said roughly nine out of every ten dollars entering regulated…

Hyperliquid Labs and Kraken parent Payward have entered advanced talks to offer selected Hyperliquid-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial. Summary Payward has presented the CFTC with an outline of the proposed arrangement. Bitnomial would list selected contracts rather than provide access to Hyperliquid’s decentralized platform. The parties still need regulatory clearance before making the products available. HYPE traded near $84 after gaining more than 60% since the start of August. Hyperliquid could reach U.S. traders through Bitnomial Bloomberg reported on Aug. 31 that Hyperliquid Labs and Payward are discussing a structure that would place selected crypto…

Wallets linked to North Korea’s Lazarus Group have sold more than $30 million in Bitcoin through Hyperliquid over three weeks as U.S. officials and Payward explore regulated access to the platform. Summary Lazarus-linked wallets sold more than $30 million in Bitcoin through Hyperliquid, Arkham data showed. The wallets used the proceeds to buy Ethereum and Solana before transferring the assets to exchanges. Payward is reportedly discussing a structure that could offer selected Hyperliquid perpetuals to U.S. traders. Hyperliquid has processed $5.19 trillion in cumulative perpetual trading volume, according to DefiLlama. Lazarus-linked wallets convert Bitcoin into ETH and SOL Arkham blockchain…

Kalshi has permanently banned former U.S. Representative George Santos and imposed a $71,356 penalty after finding that he manipulated an attendance market to earn $17,839.57. Summary Kalshi permanently suspended Santos from accessing its exchange either directly or indirectly. Santos earned $17,839.57 from contracts tied to his State of the Union attendance. Public statements by Santos moved contract prices in favor of his positions, Kalshi found. A separate CFTC order imposed a three-year trading ban and over $35,000 in payments. Kalshi’s Aug. 28 disciplinary notice said Santos placed large trades between Feb. 2 and Feb. 25 in contracts that paid according…

This article was updated to remove references to Walt and its planned rebrand after the related announcement did not go live as expected. GRAM has rebounded toward $1.40 after Telegram began releasing its self-custodial Gram Wallet to selected users, while trading volume rose about 137% around the announcement. Summary GRAM gained about 2% over 24 hours after briefly approaching $1.46. Telegram plans to release Gram Wallet gradually to its billion-plus users. The wallet will support self-custody, fee-free transfers, and Telegram Collectibles. GRAM faces immediate resistance near $1.39, followed by $1.45. Telegram begins phased Gram Wallet release Telegram CEO Pavel Durov…

MEXC has launched a Visa-linked Global Card offering eligible users up to 10% cashback in USDT as monthly crypto card spending reached $759 million in July, roughly 2.5 times its level a year earlier. Summary MEXC has launched its Global Card with USDT spending through Visa, Apple Pay, and Google Pay. The card offers 4% to 10% cashback, with monthly rewards capped at up to 800 USDT. Purchase fees are waived through Sept. 30 before a rate starting at 1% takes effect. A separate MEXC Earn product offers cardholders up to 7% annualized returns on subscribed USDT. U.S. residents cannot…

Bitcoin’s ability to extend its August rally has come under a fresh test as analysts have pointed to sustained spot ETF demand as a key requirement for overcoming rising expectations of a September Federal Reserve rate hike. Summary Bitcoin is trading near $78,700 after retreating from last week’s high above $81,000. Bitfinex analysts say spot buying and relatively contained leverage suggest the market is not showing signs of overheating. CoinEx’s Jeff Ko sees $80,000–$83,000 as a major supply zone where real capital allocation will be tested. BTSE’s Jeff Mei says ETF demand needs to remain strong across multiple funds, while…