Daily News 19

Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • Stand With Crypto Launches ‘On the Block’ Tour

    Stand With Crypto Launches ‘On the Block’ Tour

    Stand With Crypto is mobilizing communities ahead of the crucial September 15 cloture vote on the CLARITY Act. Through its ‘On the Block’ tour, the coalition has visited cities including Cincinnati and Des Moines, bringing together crypto advocates, business owners, and lawmakers to discuss the sector’s impact on local economies and Main Street.

    Stand With Crypto’s ‘On the Block’ Tour

    Led by Stand With Crypto, the ‘On the Block’ tour is designed to encourage dialogue between crypto supporters and policymakers while emphasizing voter participation in the legislative process. With the CLARITY Act vote approaching, the grassroots campaign aims to raise the profile of digital asset issues among constituents.

    The tour’s events unite advocates, business owners, and lawmakers to examine crypto-related concerns and highlight the growing role of digital assets in political discussions as the midterm elections approach.

    What We Know About the CLARITY Act Vote

    • Stand With Crypto is conducting the ‘On the Block’ tour in several U.S. cities.
    • The tour seeks to engage voters and lawmakers on cryptocurrency policy.
    • The CLARITY Act cloture vote is scheduled for September 15.
    • Crypto advocates and business owners are encouraged to participate in local discussions.
    • The initiative reflects the increasing importance of digital assets in the U.S. political landscape.

    Potential Impact on Crypto Regulation

    The broader crypto market is showing mixed signals, while advocacy efforts such as the ‘On the Block’ tour seek to strengthen the industry’s role in legislative debates. The upcoming CLARITY Act vote could help establish the direction of future regulations affecting the cryptocurrency sector.

    By holding local events, Stand With Crypto aims to amplify the views of crypto-focused voters and potentially influence lawmakers during a pivotal voting period. The organization is a coalition that advocates for digital assets and their integration into the mainstream economy. It also seeks to ensure that lawmakers understand the potential effects of crypto regulations and address voter concerns about the industry.

    What Comes Next

    Traders and other crypto industry stakeholders should closely follow developments surrounding the September 15 CLARITY Act vote. The result could have a significant effect on the regulatory environment for cryptocurrencies in the United States.

    Ongoing engagement by advocacy groups may also influence future legislative priorities, particularly as more voters express their views on digital assets.

    This article is for informational purposes only and should not be considered financial advice.

    Source: cryptonews.net

  • Bitcoin Price Holds Firm at $78,623 Despite Iran Strikes and Fed’s Hawkish Pivot

    Bitcoin Price Holds Firm at $78,623 Despite Iran Strikes and Fed’s Hawkish Pivot

    Bitcoin remained resilient near $78,623 on Monday despite escalating violence in the Middle East and a sharply hawkish shift in Federal Reserve policy expectations. The cryptocurrency fell just 0.7% over 24 hours as fresh U.S. military strikes on Iran pushed oil prices higher and weighed on U.S. equities.

    Bitcoin’s relatively stable performance is drawing increased attention because risk assets would typically face heavier selling under similar geopolitical and monetary pressure. The cryptocurrency was on track to finish August with a gain of more than 24%, potentially marking its strongest monthly performance since 2017.

    Bitcoin Holds Near $78,623 as August Gain Tops 24%

    According to CoinGecko data cited by Decrypt, Bitcoin fell to an intraday low near $77,162 before recovering to trade around $78,623. The daily decline was modest compared with the scale of the weekend’s geopolitical developments and the market’s reaction to the Federal Reserve’s latest policy signals.

    Holding above $78,000 while geopolitical tensions and rising interest-rate expectations weigh on markets could indicate underlying demand rather than momentum-driven buying alone. However, derivatives activity suggests traders are adjusting existing positions instead of committing significant new capital.

    Ethereum Gains Nearly 30% Despite Fund Outflows

    Ethereum traded near $2,448 on Monday. Although Ether was slightly lower on the day, it was still approaching a monthly gain of 30%.

    Ethereum’s price strength contrasted with continued cash outflows from Ethereum investment funds. The divergence between Ether’s price and fund flows may indicate that investors are taking profits or shifting capital elsewhere even as the cryptocurrency’s market performance remains strong.

    U.S. Strikes on Iran Push Oil Higher and Stocks Lower

    The latest exchange of strikes between the United States and Iran was the first since late July. The developments renewed concerns about potential shipping disruptions in the Strait of Hormuz, a critical energy chokepoint whose closure could affect global oil supplies.

    West Texas Intermediate crude futures rose 2.6% to approximately $85.60 a barrel. Higher oil prices can intensify inflation expectations, adding pressure to central banks that are already considering whether further interest-rate increases may be necessary.

    U.S. stocks also declined. The S&P 500 fell 0.5% to about 7,673, while the Nasdaq Composite dropped 0.4%. Bitcoin’s limited decline stood out because the cryptocurrency has historically followed, and at times amplified, movements in technology-heavy indexes such as the Nasdaq.

    Hawkish Federal Reserve Remarks Lift September Rate-Hike Odds

    Geopolitical tensions were not the only factor affecting markets. Federal Reserve Chair Kevin Warsh delivered hawkish remarks at Jackson Hole, prompting investors to quickly reassess the likelihood of a September rate increase.

    The probability of a September hike rose to roughly 58%, up from about 35% before Warsh’s comments. The change represented a significant shift from the more accommodative policy outlook previously priced into markets.

    The stronger rate outlook also affected gold. The traditional safe-haven asset fell to near $4,440, as the impact of higher interest-rate expectations outweighed demand linked to rising geopolitical risk.

    Bitcoin Rally Slows as Spot ETF Inflows End

    Bitcoin’s August rally began losing momentum late last week after Warsh’s remarks. Spot Bitcoin exchange-traded funds also ended a nine-day streak of net inflows, reversing a period of sustained institutional buying.

    The shift is consistent with a broader reduction in risk exposure as investors prepare for the possibility of another Federal Reserve rate increase. Ethereum ETFs continued to experience cash outflows, extending a trend that began before the Jackson Hole event.

    Derivatives Volume Points to Trader Repositioning

    Iliya Kalchev, an analyst at Nexo Dispatch, viewed Bitcoin’s stability as the week’s more important development, potentially more significant than its monthly gain. He noted that it is unusual for an aggressive Federal Reserve stance and an active geopolitical conflict to pressure risk assets during the same week while Bitcoin continues to hold its ground.

    Derivatives data showed that 24-hour trading volume more than doubled to $183 billion, while open interest remained broadly unchanged. The combination suggests traders were repositioning existing bets rather than bringing substantial new capital into the market.

    That distinction is important when assessing Bitcoin’s market direction. Rising volume alongside flat open interest generally indicates that capital is rotating between positions rather than entering through a wave of new buying. The data points to a market recalibrating in real time, rather than one developing clear conviction in either direction.

    Jobs Data and CPI Are Next Tests for Bitcoin

    Gold’s decline toward $4,440 highlights the extent to which interest-rate expectations have changed market sentiment. Oil typically rises and stocks often fall during geopolitical shocks, while gold usually benefits from safe-haven demand. In this case, the increased probability of a Federal Reserve rate hike outweighed that traditional pattern.

    The next major catalysts for Bitcoin are the U.S. jobs report due Friday and the August Consumer Price Index reading scheduled for September 11. The data will help determine whether the Federal Reserve proceeds with a September rate increase and whether Bitcoin’s recent resilience continues.

    Because Bitcoin’s recent price movements have closely followed changes in rate expectations, the two economic reports could provide an important test of whether August’s gains represent a temporary rally or the foundation for a sustained advance.

    Frequently Asked Questions

    How did Bitcoin perform in August 2026?

    Bitcoin traded near $78,623 and was on track to finish August up more than 24%. That would make it the cryptocurrency’s strongest month since 2017, despite geopolitical tensions and shifting Federal Reserve policy expectations.

    How did the U.S. strikes on Iran affect traditional markets?

    The strikes pushed West Texas Intermediate crude prices up 2.6% to approximately $85.60 a barrel. The S&P 500 fell 0.5%, while the Nasdaq Composite declined 0.4%.

    How did Kevin Warsh’s Jackson Hole remarks affect markets?

    Warsh’s hawkish comments increased the estimated probability of a September Federal Reserve rate hike to roughly 58%, up from about 35%. Bitcoin’s rally subsequently slowed, and spot Bitcoin ETFs ended a nine-day inflow streak.

    What does derivatives data reveal about Bitcoin trading?

    Derivatives volume more than doubled to $183 billion over 24 hours, while open interest remained broadly flat. The pattern indicates that traders were repositioning existing positions rather than adding significant new capital.

  • Injective Mainnet Halt: Community Analysis Points to Possible Exploit With $2.8 Million at Risk

    Injective Mainnet Halt: Community Analysis Points to Possible Exploit With $2.8 Million at Risk

    The Injective ($INJ) blockchain has experienced a sudden halt in new block production, prompting community analysts to investigate a possible exploit. On-chain data shared by the crypto-focused Telegram channel Moneystack suggests that approximately $2.79 million in cryptocurrency may have been stolen during the incident.

    An on-chain message posted on Etherscan, allegedly directed at the attacker, appears to open negotiations over the return of the funds. The Injective team had not issued an official statement at the time of reporting.

    What Happened to the Injective Mainnet?

    The Injective mainnet stopped producing new blocks, an unusual event for a blockchain that normally operates continuously. Community members first noticed the interruption, and monitoring services later confirmed the halt.

    The exact cause remains unconfirmed. However, Moneystack’s analysis points to a possible exploit involving a protocol or bridge associated with Injective that may have drained user funds.

    The Etherscan message appears to have been posted by the affected party and requests the return of the stolen assets in exchange for a reward. Such negotiations are a common response to cryptocurrency hacks as projects attempt to recover funds and limit losses.

    What the Injective Halt Means for Users

    The incident raises fresh concerns about the security of cross-chain bridges and smart contracts, which remain frequent targets for attackers. While the mainnet is halted, Injective users may be unable to complete transactions and face uncertainty over when normal network operations will resume.

    The potential loss of approximately $2.8 million is relatively small compared with some of the largest crypto exploits, but it could still affect user confidence and the market performance of the INJ token. The Injective team’s response and transparency in the coming hours will be important to managing the situation.

    Why the Injective Incident Matters to DeFi

    Blockchain exploits are not new, but each incident highlights the continuing risks associated with decentralized finance (DeFi). For investors and users, the Injective network halt reinforces the importance of due diligence and strong security measures when interacting with protocols and bridges.

    The event also demonstrates the value of community monitoring and rapid information sharing, which can help identify suspicious activity and reduce the potential impact of an attack. The outcome could influence how other blockchain projects approach security reviews, monitoring, and incident response.

    Injective Mainnet Halt: What Happens Next?

    The Injective mainnet halt may have been caused by an exploit linked to approximately $2.8 million in stolen cryptocurrency. An apparent negotiation attempt has been posted on-chain, while the community continues to await an official statement from the Injective team.

    As the investigation develops, attention will focus on recovering the funds, determining the precise cause of the halt, and strengthening security measures to help prevent similar incidents in the future.

    Frequently Asked Questions

    What caused the Injective mainnet halt?

    The exact cause has not been confirmed. Community analysis suggests that a possible exploit may have led to the theft of approximately $2.8 million in cryptocurrency.

    Is my money safe on Injective?

    Injective users should monitor official channels for updates. The team had not released a statement at the time of reporting, and the full extent of the incident remains unknown. Users should exercise caution while the situation develops.

    What is the on-chain message on Etherscan about?

    The message appears to seek negotiations with the attacker, likely offering a reward for the return of the stolen funds. This is a common approach in cryptocurrency incidents aimed at reducing losses.

    Related Reading

    • Bithumb Temporarily Halts $INJ Deposits and Withdrawals Amid Injective Network Issue
    • Injective Mainnet Halts Block Production for 15 Minutes, Upbit Suspends $INJ Transactions
    • Cronos Halts Network After Tectonic Exploit: $75M Borrowed via Price Manipulation
    • Polygon Discloses Previously Undisclosed Security Flaws Fixed via Recent Hard Forks
    • FOGO Reports 400 Million Token Theft in Exploit; Chain Remains Operational

    Source: cryptonews.net

  • Bitcoin Tests Crucial $80K–$81K Resistance: Will BTC Reach $100K or Fall to $70K?

    Bitcoin Tests Crucial $80K–$81K Resistance: Will BTC Reach $100K or Fall to $70K?

    Bitcoin is approaching a critical technical zone after retreating from last week’s three-month high of $81,455 and moving back toward $78,000. The pullback has made the $80,000-$81,000 range the market’s key battleground, with a breakout potentially opening the path toward $100,000 and a rejection raising the risk of a decline toward $70,000.

    Bitcoin’s next move will depend on several measurable factors rather than price momentum alone. Technical indicators have improved, but rising Binance whale inflows and upcoming U.S. economic data could influence broader risk appetite.

    Bitcoin’s $81,000 Resistance Could Determine the Next Move

    Technical analyst Ash Crypto described Bitcoin’s weekly market structure as neutral, suggesting that neither buyers nor sellers currently have clear control. However, several momentum indicators have strengthened during the latest recovery.

    The MACD has turned bullish, the RSI has moved above 50, and stochastic RSI momentum has also improved. Buyers have continued defending the $77,000-$78,000 area following the recent pullback.

    Source: X

    The main obstacle remains the 50-week moving average near $81,000. A sustained weekly move above that level would break an important technical barrier and bring $90,000 back into focus as the next major price zone.

    Bitcoin could then target the broader upside level of $100,000 identified by the current market structure. However, another rejection near $81,000 would keep the cryptocurrency below key moving-average resistance.

    In that scenario, $75,000 would become the next notable support area, followed by approximately $69,000 if selling pressure intensifies.

    Binance Whale Inflows and U.S. Jobs Data Test Bitcoin’s Breakout

    On-chain activity introduces another important variable. CryptoQuant analyst BorisD reported that 30-day Binance whale inflows increased from roughly $3.47 billion to $5.5 billion during Bitcoin’s rally.

    Source: CryptoQuant

    However, the analyst cautioned that exchange deposits do not automatically signal incoming selling. Large holders may also be using Bitcoin as collateral for leveraged positions.

    U.S. spot Bitcoin ETFs recorded $201.9 million in net outflows on Aug. 28, ending a nine-day inflow streak. Despite that reversal, the latest outflows remain small compared with longer-term fund activity. Cumulative ETF net inflows stand near $54.63 billion, indicating that institutional participation remains substantial.

    Macroeconomic data will provide another test for Bitcoin’s price action. The ISM Manufacturing PMI is due September 1, followed by the August U.S. employment report on Friday at 8:30 a.m. ET.

    Economists expect payrolls to increase by about 45,000. Because markets are closely watching economic data for signals about Federal Reserve policy, the releases could influence Bitcoin’s next attempt to break above $81,000 resistance.

    Stronger-than-expected data could reinforce expectations for tighter monetary policy, while weaker readings could shift those expectations. Either outcome could add volatility around Bitcoin’s $81,000 resistance and its lower support levels.

    Related: Bitcoin and XRP Face>

  • XRP Defies Pre-September Fears as Analyst Explains Why History Favors a 12.19% Rise

    XRP Defies Pre-September Fears as Analyst Explains Why History Favors a 12.19% Rise

    September is traditionally viewed as one of the weakest months for the cryptocurrency market, but XRP may be positioned to defy that seasonal trend. While investors have held back ahead of a potential downturn, technical analyst Xaif Crypto has identified a notable historical pattern: since 2018, XRP has ended September higher five times and lower three times, producing an average return of 12.19%.

    September has historically been decent for $XRP average return of +12.19%, with 5 green Septembers vs 3 red since 2018.The odds have leaned bullish for $XRP heading into September. https://t.co/KleXy0FNo5 pic.twitter.com/33GdYlKgnz
    — Xaif Crypto (@Xaif_Crypto) August 31, 2026

    The historical performance contrasts with Bitcoin’s typical behavior, as the leading cryptocurrency often enters a correction before September begins. XRP’s current resilience is further supported by a rare period of market synchronization: during the final hours of August, XRP, XLM and Bitcoin formed identical weekly setups at the same time.

    All three assets bounced successfully from their local lows and are now testing key reclaim levels. For XRP, the critical support level is $1.35, while Bitcoin has held the $77,600 level.

    From a technical-analysis perspective, the appearance of synchronized patterns immediately before a new month may signal that major capital is positioning for a potential upward move.

    Legislation, ETF inflows and escrow could support XRP

    The bullish case for XRP extends beyond the charts, with several developments creating a supportive news backdrop at the end of August.

    Record XRP ETF inflows

    According to SoSoValue, weekly net inflows into spot XRP exchange-traded funds reached a record $110.49 million, while total assets under management rose to $1.44 billion. Banking giant Goldman Sachs also reported in its 13F filing that it held more than $86 million in XRP ETF positions.

    CLARITY Act vote

    A key Senate vote on the CLARITY Act is scheduled for Sept. 15. If passed, the legislation would establish XRP’s status as a digital commodity and remove a major source of regulatory uncertainty.

    Scheduled escrow release

    Ripple is scheduled to release 1 billion XRP tokens on Sept. 1. However, the unlock is not expected to put significant pressure on order books because between 600 million and 800 million XRP have historically been returned immediately to new escrow contracts.

    The market’s coordinated movement in lockstep, combined with institutional inflows, could create conditions for XRP to repeat its historical average September return of 12.19% and challenge bearish expectations ahead of the month.

  • Bitcoin Holds Steady as US Strikes on Iran Rattle Stocks and Send Oil Prices Higher

    Bitcoin Holds Steady as US Strikes on Iran Rattle Stocks and Send Oil Prices Higher

    Bitcoin remained above $78,000 on Monday despite fresh U.S. strikes on Iran, higher oil prices and losses across major stock indexes. The cryptocurrency traded near $78,623, down 0.7% over 24 hours, after falling to an intraday low of about $77,162, according to CoinGecko.

    Despite the daily decline, Bitcoin is on track to finish August more than 24% higher. That would make it the cryptocurrency’s strongest monthly performance since 2017.

    Bitcoin holds steady as geopolitical risks rise

    The weekend saw the first exchange of U.S.-Iran strikes since late July, renewing concerns about shipping through the Strait of Hormuz and driving crude oil prices higher.

    West Texas Intermediate futures rose 2.6% to approximately $85.60 a barrel. U.S. equities moved lower, with the S&P 500 down 0.5% at around 7,673 and the Nasdaq Composite falling 0.4% to about 26,289.

    Iliya Kalchev, an analyst at Nexo Dispatch, said Bitcoin’s resilience was more significant than its August gain. Kalchev noted that a hawkish Federal Reserve and an active geopolitical escalation rarely affect risk assets in the same week, making Bitcoin’s ability to hold its ground against both pressures a notable signal.

    Kalchev also pointed to derivatives data indicating that traders may be repositioning rather than adding significant new capital. Twenty-four-hour trading volume more than doubled to $183 billion, while open interest remained broadly unchanged.

    Fed policy weighs on crypto markets

    Bitcoin also faced pressure from Fed Chair Kevin Warsh’s hawkish address at Jackson Hole. Expectations for a September rate hike climbed to approximately 58%, compared with about 35% before his remarks.

    Gold also declined, slipping to nearly $4,440 as the stronger interest-rate outlook outweighed its typical safe-haven appeal.

    Bitcoin’s August rally lost momentum late last week following Warsh’s comments. Spot Bitcoin ETFs ended a nine-day streak of inflows, while Ethereum funds continued to attract investor money.

    Ethereum traded near $2,448 on Monday, registering a modest decline while remaining on course for an August gain approaching 30%.

    Market attention now shifts to Friday’s U.S. jobs report and the August consumer price index reading scheduled for September 11.

  • Etherscan Adapts to AI Agent Internet Takeover With API Rollout Across 60+ EVM Chains

    Etherscan Adapts to AI Agent Internet Takeover With API Rollout Across 60+ EVM Chains

    Etherscan has launched a suite of tools that allows AI agents and coding assistants to access live blockchain data through the explorer’s API.

    The release targets developers building agents that require verified onchain information across more than 60 EVM-compatible networks. Etherscan announced the “Build with AI” launch in a post on X on August 31, 2026.

    What Etherscan’s AI tools include

    The release provides three ways for software to access Etherscan data: a Model Context Protocol (MCP) server, a command-line interface (CLI), and a collection of installable agent “skills.”

    The hosted MCP server can be accessed by agents such as Claude and ChatGPT through natural-language requests. According to Etherscan’s documentation, it runs from a single endpoint at mcp.etherscan.io/mcp and exposes 20 tools.

    These tools cover core blockchain queries, including native and token balances, normal and internal transactions, transaction and receipt lookups, contract information, gas prices, and event logs. A single connection can reach every supported network.

    The CLI follows the structure of Etherscan’s API, using commands in the form etherscan <command>. It returns JSON by default and also supports table and CSV output for users who need results in a more readable format.

    All three components authenticate with a standard Etherscan API key. A free key can be used across every supported chain.

    Skills for tracing funds and reviewing contracts

    Etherscan’s public GitHub repository lists four installable skills. Developers can add them with the npx skills add command or copy the relevant folder into an agent’s skills directory.

    Etherscan Flow traces fund movements between addresses and records them in a case file. Etherscan Contract Review explains the function of a verified, deployed smart contract. A transaction debugger reconstructs what a transaction did and why, while an orchestrator skill directs each task to the appropriate interface.

    According to the repository, the purpose of the skills is that “every address, amount, and transaction hash comes from a live API call, never invented.” The suite is read-only and follows the API’s existing quotas and rate limits.

    Etherscan targets AI hallucinations in crypto

    Etherscan’s release addresses the hallucination problem affecting crypto-focused AI tools. Language models can generate an incorrect wallet balance or describe a transaction that never occurred, potentially causing costly mistakes.

    These errors often arise when models lack access to the necessary data. In many cases, they cannot crawl the web pages where the relevant blockchain information is published.

    Etherscan also warned users not to enter API keys into fake or fraudulent MCP servers claiming to be legitimate. Its documentation states that only one official MCP server exists and warns that listings on MCP marketplaces using the name “Etherscan MCP” are unaffiliated.

    Blockchain data tools for an increasingly automated web

    The growing scale of automated internet activity is increasing demand for tools that can provide reliable data directly to AI agents.

    In early June, AI agents reportedly surpassed humans as the internet’s largest source of traffic. Cloudflare CEO Matthew Prince confirmed the shift and said it happened sooner than he had predicted.

    Cloudflare Radar data later showed agentic bots accounting for 57.4% of web traffic, compared with 42.6% for humans. North America recorded an even greater imbalance, with bots responsible for 68.6% of traffic.

    Humans have since regained the lead, but bots still represented more than 35% of web traffic during the previous four weeks.

    Publishers are also developing ways to make their content easier for AI agents to access. Etherscan’s release follows a similar model by providing machine-readable documentation and a query layer designed for software readers as well as human users.

  • Switchboard Halts Oracle Operations on Sui and Aptos After Potential Security Compromise

    Switchboard Halts Oracle Operations on Sui and Aptos After Potential Security Compromise

    Switchboard has halted oracle operations on several networks, including $SUI, Aptos, $IOTA, and Movement, after detecting a potential security compromise, according to validated incident materials.

    The precautionary action affects Switchboard’s oracle services—not the underlying blockchains themselves. There is no indication in the available information that $SUI, Aptos, $IOTA, or Movement halted block production.

    What the Switchboard Incident Means

    This is an oracle infrastructure incident. Its impact depends on which applications and protocols rely on Switchboard feeds or services.

    Oracle disruptions can be serious because decentralized finance applications depend on accurate, timely data to manage lending markets, perpetuals, structured products, liquidations, collateral values, and trading conditions.

    For more details, users and developers should monitor the official Status platform.

    Switchboard Oracle Halt: Key Points

    • Switchboard halted oracle operations on $SUI, Aptos, $IOTA, and Movement.
    • The halt followed a potential security compromise.
    • The affected blockchains did not necessarily halt; the issue concerns Switchboard’s oracle infrastructure.

    Why Oracle Security Matters to DeFi

    Oracles bring external data into blockchain applications. Lending platforms need asset prices, perpetuals markets need reliable market data, and structured products need reference rates.

    DeFi protocols use oracle data to determine liquidations, collateral values, and trading conditions. If an oracle is compromised, stale, or unreliable, applications can become unsafe quickly.

    Halting operations can therefore be the safer response. A temporary service disruption may be inconvenient, but inaccurate data can cause substantially greater damage. Switchboard’s action appears consistent with that risk-management approach.

    Potential Compromise Is Not a Confirmed Exploit

    The distinction between a potential compromise and a confirmed exploit is important. Until Switchboard releases complete incident details, the most accurate description is that oracle operations were halted as a precaution following a possible security issue.

    The available information does not establish that funds were lost, the affected chains were hacked, or every application using Switchboard failed. The incident may still be serious, but its scope should be described carefully.

    Security reporting should separate confirmed facts from unresolved questions, including which services were affected and whether any dependent protocols experienced losses or disruption.

    $SUI, Aptos, $IOTA, and Movement Face Oracle Dependence

    $SUI and Aptos are high-performance blockchains with growing DeFi ecosystems. Applications on these networks may depend on oracle services for lending, swaps, collateral management, derivatives, and structured products.

    If oracle services remain paused, some protocols may need to suspend markets, adjust risk parameters, or use fallback systems. Users can be affected even when the underlying blockchain continues processing transactions normally.

    The same consideration applies to $IOTA and Movement wherever applications rely on Switchboard services.

    Cross-Chain Infrastructure Creates Shared Risk

    The incident highlights how infrastructure problems can affect multiple blockchain ecosystems at the same time. A provider such as Switchboard may support several networks, improving efficiency while also creating a shared point of failure.

    This is a broader risk for DeFi. Projects often assess risks on a chain-by-chain basis, but common infrastructure—including oracles, bridges, RPC providers, indexers, wallets, and middleware—can create dependencies across ecosystems.

    What to Watch Next

    Users and developers will be watching for a full explanation of the incident. Key questions include what was compromised, which services were affected, whether any data was manipulated, whether protocols suffered losses, and when oracle operations will resume.

    Until more information is available, applications that use Switchboard feeds may need to remain cautious.

    The incident also underscores why oracle security remains a critical issue for decentralized finance. Blockchains can continue producing blocks, but applications still require reliable data. When the data layer stops, the application layer can be affected immediately.

    This report is based on information released by Status and public incident materials. It was written by the News Desk and edited by Samuel Rae.

  • Alpaca Opens Brokerage Infrastructure to Kalshi Event Contracts

    Alpaca Opens Brokerage Infrastructure to Kalshi Event Contracts

    Kalshi Partners With Alpaca to Expand Prediction Markets Beyond the US

    Kalshi is partnering with brokerage infrastructure provider Alpaca to expand access to its event contracts outside the United States.

    The agreement comes as financial infrastructure firms increasingly add Kalshi contracts to their platforms. Finance Magnates reported that Alpaca recently registered as a futures commission merchant (FCM) with the Commodity Futures Trading Commission, while Apex launched an API enabling brokers and fintech companies to offer Kalshi contracts without building their own FCM infrastructure or direct exchange connectivity.

    Tony Lee, Alpaca’s chief brokerage officer. Source: LinkedIn

    Alpaca Customers to Gain Access to Kalshi Contracts

    Under the agreement, financial institutions using Alpaca’s technology will be able to offer Kalshi contracts through their existing brokerage infrastructure. Availability will remain subject to regulatory approval in each market.

    Tony Lee, Alpaca’s chief brokerage officer, said customer demand was behind the company’s move into prediction markets.

    “Our mission is really to open up financial services to as many people around the world as possible,” Lee said. “You really have to go where the customer demand is.”

    Alpaca works with more than 300 financial institutions and reaches around 14 million brokerage accounts globally. Kalshi said the network could help support its expansion into additional markets.

    Alpaca reaches 14 million brokerage accounts across more than 300 financial institutions worldwide, giving Kalshi a potential route for international expansion.

    Alpaca API Supports Kalshi’s International Expansion

    Kalshi Vice President of Business Development Max Crowley said Alpaca’s reputation and technology were important to the partnership.

    “They’re a trusted brand, they’re technology forward,” Kalshi Vice President of Business Development Max Crowley said. “This technical partnership enables that.”

    Kalshi has also expanded through other financial firms. In June, the company partnered with Canadian financial firm Wealthsimple to offer its markets in Canada.

    Alpaca’s API has about 83,000 monthly users and enables developers to build trading applications. Its infrastructure could also support automated trading activity in prediction markets.

  • Bitcoin Ready for Its Next Rally, Top Trader Says

    Bitcoin Ready for Its Next Rally, Top Trader Says

    Bitcoin may be positioning for another move higher after holding key support despite a sharp intraday sell-off, according to prominent crypto trader DonAlt.

    “Looks like we’re gonna get another leg up soon,” DonAlt said in a post on X on Aug. 31.

    The outlook comes as Bitcoin enters September following an unusually strong August and a powerful third-quarter recovery. The largest cryptocurrency has climbed sharply from around $64,700 earlier in the month. Recent price action shows $BTC consolidating near $78,000 after briefly approaching $81,000.

    Bitcoin holds support after sharp sell-off

    Bitcoin briefly moved above $80,000 in late August before retreating toward $77,000. Instead of extending its decline, however, the cryptocurrency stabilized and began to recover, suggesting that buyers remain active below $78,000.

    Bitcoin recently suffered an almost 6% intraday decline after Federal Reserve governor Kevin Warsh adopted a more hawkish tone, according to Bitfinex. The cryptocurrency nevertheless held near $77,100.

    Strategy buys another 4,603 Bitcoin

    Strategy, the Michael Saylor-led business intelligence company that has made Bitcoin the centerpiece of its treasury strategy, purchased another 4,603 $BTC for approximately $369.7 million. The purchases took place between Aug. 24 and Aug. 30 at an average price of $80,318.

    The acquisition shows that Strategy continued buying despite considerable Bitcoin volatility toward the end of the month. Whale activity has also remained elevated. Whale Alert reported the transfer of 1,922 $BTC, worth approximately $149.7 million, between two unidentified wallets on Aug. 31.

    Large cryptocurrency transfers do not necessarily indicate buying or selling. They can also reflect internal wallet movements, custody changes or other forms of repositioning.

    Bitcoin posts one of its strongest August performances

    Bitcoin’s technical setup comes as the cryptocurrency closes one of its strongest months in years.

    Bitcoin’s third-quarter return currently stands at approximately 32.48%, substantially above its historical average Q3 return of 7.94%. The performance is particularly notable because it follows two consecutive quarterly declines: a 22.2% loss in Q1 and a 14.09% decline in Q2.

    Analysts remain divided over a sustained Bitcoin rally

    Despite the increasingly bullish technical picture, some analysts remain skeptical that Bitcoin has entered a new sustained bull market.

    Mike McGlone, a longtime Bitcoin bear, argued that the cryptocurrency continues to face significant macroeconomic headwinds. He cited Federal Reserve policy, competition across the broader crypto market and Bitcoin’s growing correlation with equities as reasons for caution.

    As a result, the $80,000-$81,000 range could become a major test for Bitcoin bulls.