BounceBit has decided to permanently disable BounceBit Chain after an attacker exploited an authorization vulnerability in the Evmos-based protocol, transferring 286.5M BB from nine mainnet accounts across 14 transactions.

The exploit was caused by a protocol-level authorization flaw and did not involve private key leaks, wallet compromises, or exchange breaches. BounceBit’s CeDeFi Strategy, Promo Vaults, Prime, and RWA products were not affected.

BounceBit will reissue BB as a BEP-20 token on BNB Chain, using a snapshot from block 20,697,260, taken immediately before the attack.

The stolen 286.5M BB will not be included in the new supply, while users’ liquid and staked balances at the snapshot will be restored automatically.

No action is currently required from holders. BounceBit says there is no claim or migration process, and users should avoid any links or messages asking them to connect wallets, migrate tokens, or verify their accounts.

The decision permanently ends BounceBit’s standalone chain, with the project citing stronger security, liquidity, infrastructure, and user activity on BNB Chain as key reasons for the move.

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The company holds 840,447 BTC at an average cost of $75,385, about $63.4B all in. It started 2026 more than $15B in the green, then spent most of the year underwater, as deep as $8.9B in the red by July, worth less than it paid for the first time in years.

Now, with BTC back above its cost basis, that stack is green again.

Crypto users are reporting tiny unsolicited USDT transfers from sanctioned HTX-linked wallets, and the micro-deposits are triggering compliance reviews and account freezes on Coinbase, Binance and other exchanges.

The freezes trace to UK and EU sanctions on HTX over alleged Russian sanctions evasion, which push exchanges to auto-screen any wallet touched by HTX addresses. Binance says it will restrict deposits and withdrawals involving HTX and other flagged platforms from August 23, so even a few dollars of tainted dust can lock a user out until they prove their funds are clean.

The intent behind the dust is contested. A viral post claimed Justin Sun was deliberately poisoning addresses to force exchanges and regulators to legitimize HTX, but Sun called the story fabricated, and on-chain analysts found the flagged 7.5 USDT went to Kraken, not the Coinbase account originally alleged. Attribution remains unproven.

The episode shows how address poisoning collides with automated sanctions screening: recipients have no control over incoming dust, yet can still be frozen, turning compliance tooling into an attack surface.

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Upbit, South Korea's largest crypto exchange, saw 24h volume surge about 250% to roughly $1.8B, its biggest day since mid-March, as local capital rotates back into crypto during the Bitcoin rally.

XRP was the most-traded asset with $418.9M, ahead of BTC, USDT and ETH. Rival Bithumb, the country's second-largest exchange, saw volume climb 132.9% to $934.9M, so the surge is market-wide, not Upbit-specific.

The rotation reverses a quiet stretch: through early 2026's crypto downturn, Korean attention and capital chased the KOSPI to record highs on the Samsung and SK Hynix AI-memory boom. With Bitcoin ripping, that money is circling back onto local exchanges.

For Korea, one of crypto's most active retail markets, a 250% single-day jump is a strong signal that domestic risk appetite is swinging back toward digital assets.

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Bittensor's TAO is now live on Base as a 1:1 bridged token, letting any wallet or app on Coinbase's L2 hold and swap TAO for the first time.

The TAO-USDC pool on Aerodrome, Base's largest DEX with roughly 70% of the chain's DEX liquidity, is now eligible for AERO emissions. That means liquidity providers earn AERO incentives, a common Base playbook to bootstrap depth for a newly listed asset.

The bridged token is a 1:1 representation of native TAO, so holders on Base get exposure without running a Bittensor wallet. It also opens TAO to Base's agent wallets, tying the top decentralized-AI token to the chain pushing hardest on onchain AI and agents.

For Bittensor, it is distribution: TAO steps off its own chain into one of the busiest L2 ecosystems and its incentive machine. For Base, it adds a marquee AI asset to its DeFi lineup as the AI-token narrative heats up.

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MANTRA, the Layer-1 chain built for real-world-asset tokenization, halted its entire network and all transactions as a precaution while it investigates an incident it has not yet described, freezing deposits and withdrawals across the chain.

Every endpoint is down, so funds on MANTRA cannot move in or out until the chain restarts. The team says it has no root cause and no timeline, and will update its official channels once it has verified information. The OM token slid on the news toward a record low.

The timing is what has the market uneasy: the freeze comes as MANTRA's rescue acquisition by Inveniam, the backer that put $20M in last year, moves toward a Q3 close. A chain that already collapsed once in 2025, is mid-buyout, and now abruptly halts itself with no explanation is ticking familiar exit-scam boxes for wary holders.

To be clear, nothing is confirmed: MANTRA calls this a precautionary halt, not an exploit or an exit. But an unexplained freeze on user funds, stacked on a shaky history and a pending sale, is the kind of pattern that has burned retail before, so treat any "just wait" messaging with caution until the team shows verifiable detail.

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The Interfold has launched Network Alpha, bringing its confidential coordination protocol to mainnet.

The Interfold enables independent parties to produce shared, verifiable outcomes from private inputs without exposing sensitive data or relying on trusted hardware.

The network coordinates Encrypted Execution Environments (E3s) through distributed ciphernode committees, which collectively handle key generation and threshold decryption. No single ciphernode holds the full decryption key or can independently control the result.

E3s are private “workspaces” for calculations. Different companies or users can put their sensitive data into the same computation without revealing the actual data to each other. The system then produces a result that everyone can verify.

Ciphernodes act like a group of independent security guards. They jointly create and control the encryption key. No single node has the whole key, so one operator cannot secretly decrypt the data or manipulate the result.

FOLD is now transferable and acts as the bond for future ciphernode operators, with additional utility through governance locking.

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Ethos will launch its WHUF token auction on September 1, offering 20% of the total supply through a four-day auction.

The sale includes an 85% price guarantee, with a starting FDV of $1 million and a maximum FDV of $99 million. Participants can also receive bonuses based on Contributor XP and referrals.

Key dates for the auction are as follows: registration opens on August 18, the auction begins on September 1 at 4 PM GMT+3, and it concludes on September 4 at 8 PM GMT+3.

After the auction ends, locked tokens are transferred on September 8, marking the start of the guarantee eligibility period. This period closes on October 8, at which point WHUF becomes fully transferable.

During the guarantee eligibility period, users are able to vouch for credible people they know in order to help them qualify for the 85% price guarantee.

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Bitget has quietly become one of the fastest venues bringing the stock market onchain. Over the past few weeks it listed 20 stock perpetuals, from US names like PayPal, Uber and Amgen to the memory-chip complex (CXMT, Hanmi, GlobalFoundries).

The mix says it all: heavy on semiconductors and Asian tech. Crypto exchanges are no longer just listing tokens. They are racing to put equities on 24/7 perp rails, and Bitget is moving faster than most.

A core development team funded by Optimism cast the deciding vote to re-designate 546.9M OP, worth about $49M, from the User Airdrop allocation into a new Foundation-run Strategic Ecosystem Fund.

The team's roughly 8.5M OP proved decisive, tipping the proposal to passage at about 17.97M OP for versus 10.93M against. Because the group is funded by the Optimism Foundation and voted on how Foundation-controlled tokens are spent, the outcome has drawn conflict-of-interest criticism from parts of the community.

The reallocation fits Optimism's wider pivot: airdrops and Retro Funding are paused, and the Collective has trimmed new OP commitments as it shifts toward enterprise adoption, Superchain revenue and institutional deals. The re-designated OP will back grants and partnerships for OP Mainnet and OP Enterprise instead of user rewards.

For a network that built its brand on user airdrops, redirecting the unused allocation to a Foundation-run fund, on a vote swung by a Foundation-funded team, is a governance flashpoint.

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